Tsai Mei Chi 4

What Happened

• Mei Chi Tsai, a director of Miluna Acquisition Corp (MMTX), disposed of 10,000 ordinary shares on Feb 25, 2026 as part of a board transition. Tsai transferred the shares to the Sponsor (MilunaC Technology Limited) without consideration; the Sponsor then transferred those same 10,000 shares to newly appointed director Yajuan Ding for $1. The Form 4 shows the disposition but lists no proceeds to Ms. Tsai.

Key Details

• Transaction date: reported for Feb 25, 2026 (Ms. Tsai resigned as director on Feb 17, 2026; Ms. Yajuan Ding was appointed Feb 25, 2026).
• Price/consideration: Tsai → Sponsor: no consideration; Sponsor → Ding: $1 for 10,000 shares.
• Shares owned after transaction: not specified in the filing.
• Footnote: transfer was part of the director transition and executed pursuant to share transfer agreements (see F1).
• Filing: Form 4 filed Feb 27, 2026 reporting the Feb 25 transaction (no late-filing flag in the report).

Context

• This was a corporate/share-transfer tied to a board change, not an open-market sale or purchase by the departing director. Transfers made without consideration or for nominal amounts are often administrative or succession-related and do not necessarily reflect the parties’ view on the company’s stock.