Fulgur Frontier Capital LP 4/A

What Happened Fulgur Frontier Capital LP, a reported 10% owner of Fold Holdings, acquired 7,191,631 shares of Fold common stock on December 30, 2025. The shares were contributed to the reporting person by a limited partner for no additional consideration; the limited partner originally purchased those shares in the open market at an average weighted purchase price of $3.83 per share (implying about $27.5M based on that cost basis). The transaction is recorded on an amended Form 4 filed March 17, 2026, which corrects a ministerial error in the original filing's signature block.

Key Details

• Transaction date: 2025-12-30 (reported on amended Form 4 filed 2026-03-17).
• Transaction type: Grant/award or other acquisition (A) — shares contributed to the reporting person for no additional consideration.
• Shares acquired: 7,191,631. Reported average weighted purchase price paid originally by the limited partner: $3.83/share (used here to estimate value ≈ $27.5M); Form lists acquisition price as N/A.
• Holdings note: This filing does not include 4,360,345 shares held by Fulgur Ventures I LP, an affiliate of the reporting person.
• Timeliness: The transaction occurred 12/30/2025 but the amended Form 4 was filed 3/17/2026, which is outside the typical 2-business-day reporting window for Form 4s; the amendment states the change was to correct a signature block.

Context This was an intra-party contribution/allocation of shares from a limited partner to the reporting entity, not an open-market purchase by the reporting person itself. Such transfers can reflect internal ownership structuring and do not necessarily signal buying/selling intent about the company’s prospects. As a 10% owner/institutional holder rather than an executive, this filing documents institutional-level ownership changes rather than executive insider trading.