Four Leaf (FORL) 10% Owner Wolverine Asset Management Sells Shares

What Happened

• Wolverine Asset Management LLC, reported as a 10% owner of Four Leaf Acquisition Corp (FORL), disposed of 184,038 shares on June 22, 2026. The filing lists the transaction as a sale (S) at $12.06 per share, for total proceeds of approximately $2,219,498.
• This transaction is a sale/disposal (not a purchase). The filing’s footnotes indicate the activity relates to redemptions of SPAC shares rather than an ordinary open‑market investment buy/sell decision.

Key Details

• Transaction date and price: June 22, 2026 — 184,038 shares at $12.06 each.
• Proceeds: ~$2,219,498.
• Shares owned after transaction: Not specified in the Form 4 provided.
• Footnotes: (F1) Redemption numbers announced in an 8‑K filed July 23, 2026 for the June 22, 2026 date; (F2) indicates redemption of shares of the special purpose acquisition company; (F3) the $12.06 reflects the estimated redemption price based on the SPAC’s trust account per the proxy filed June 12, 2026.
• Filing timeliness: Form 4 was filed on July 24, 2026 for a June 22 transaction — this is a late filing (transactionTimeliness = L). Late filings reduce the promptness of disclosure to investors.

Context

• Because Wolverine is a 10% institutional owner and the footnotes tie the disposal to SPAC redemptions, this appears to be part of a redemption/liquidation process common with SPAC transactions rather than an active market trade by an executive. Sales tied to redemptions are generally routine and do not necessarily signal insider sentiment about the company’s long‑term prospects.