Amanat (AMAN) 10% Owner Forfeits 281,250 Class B Shares

What Happened Amanat Sponsor Holdings LLC, a reported 10% owner of Amanat Acquisition Corp. (AMAN), disposed of 281,250 Class B ordinary shares on 2026-07-02. The shares were forfeited to the issuer at no cost (price $0, total $0). The filing classifies the transaction as a derivative disposition (transaction code J).

Key Details

• Transaction date: 2026-07-02; Form 4 filed: 2026-08-12 (filed more than two business days after the trade).
• Transaction type/code: Other acquisition/disposition (J) — 281,250 Class B Ordinary Shares forfeited.
• Price and value: $0 per share; total value $0.
• Post-transaction holdings: Not specified in the provided filing excerpt.
• Footnotes of note:
  • F1: Class B shares convert one-for-one into Class A shares upon or after the initial business combination (subject to adjustments).
  • F2: The shares were forfeited due to the expiration of the underwriters' over-allotment option.
  • F3: Dr. Sandeep Kulkarni is the sole managing member of the reporting entity and files separate Section 16 reports.

Context This was not an open-market sale but a forfeiture of founder-style Class B shares back to the company triggered by the over-allotment option expiration. As a 10% owner (an institutional/organizational holder), the transaction reflects capitalization mechanics rather than a personal trading decision by a company executive. The late filing may be a reporting issue; Form 4s are normally due within two business days of the transaction.