Apogee Acquisition Corp: COO Watson Thomas Lloyd sold 36,000 shares

What happened

• Watson Thomas Lloyd, chief operating officer, reported a derivative disposition of 36,000 Class B ordinary shares on Oct 14, 2026. The Form 4 filed Oct 16, 2026 lists the transaction as "Other acquisition or disposition (J)" with a price of N/A and total value N/A. Footnote F2 states the 36,000 Class B ordinary shares were forfeited to Apogee Acquisition Sponsor LLC for no consideration in connection with Mr. Watson's resignation.

Key details

• Transaction date: Oct 14, 2026. Filing date: Oct 16, 2026.
• Transaction type and code: Derivative disposition, code J ("Other acquisition or disposition").
• Price/consideration: N/A; footnote F2 says forfeited for no consideration.
• Shares owned after the transaction: not specified in the filing.
• Relevant footnotes:
  • F1: Class B ordinary shares automatically convert into Class A ordinary shares one-for-one upon or after the issuer's initial business combination (subject to adjustment).
  • F2: Reflects forfeiture of 36,000 Class B ordinary shares to the Sponsor for no consideration due to Mr. Watson's resignation.
• No late filing indicator is shown in the filing.

Why it may matter

• This filing reports a forfeiture of Class B ordinary shares to the sponsor rather than a market sale.
• The filing does not show why the insider traded or why the company acted.