Bold Eagle Acquisition: 10% owner Eagle Equity IV received 5,159,999 shares

What happened

• Eagle Equity Partners IV, LLC (listed as a 10% owner) converted 5,159,999 Class B ordinary shares into 5,159,999 Class A ordinary shares on Oct 23, 2026. The filing shows the conversion as an acquisition of 5,159,999 shares (conversion code C) and a corresponding disposition of 5,159,999 derivative shares at $0.00. Footnote F1 states the conversion was elected on Oct 23, 2026 on a one-for-one basis for no consideration.

Key details

• Transaction date and prices: Oct 23, 2026 — conversion of 5,159,999 shares; acquired entry shows price N/A, disposed entry reports $0.00 (derivative).
• Shares owned after the transaction: not reported on the Form 4.
• Relevant footnotes:
  • F1: conversion elected on Oct 23, 2026, one-for-one for no consideration.
  • F2: Class B ordinary shares automatically convert to Class A on a one-for-one basis upon certain corporate events and have no expiration.
  • F3: Eagle Equity Partners IV, LLC is the record holder; it is managed by Eli Baker, Jeff Sagansky and Harry Sloan, and the filing describes a "rule of three" allocation of voting/dispositive authority.
• Filing timeliness: not indicated as late in the information provided.

Why it may matter

• This was a conversion of founder/Class B shares into publicly tradeable Class A shares rather than a market sale.
• The reporting entity is listed as a 10% owner of the issuer.
• A filing does not show why the insider traded or why the company acted.