Weil B. Luke 4
4 · Willow Lane Acquisition Corp. · Filed May 12, 2026
Research Summary
AI-generated summary of this filing
Willow Lane (WLAC) CEO Weil B. Luke Exercises Derivatives, Disposes Shares
What Happened
Weil B. Luke, CEO (through Willow Lane Sponsor, LLC), converted and exercised derivative securities and disposed of related Issuer securities in connection with the closing of the business combination on May 8, 2026. The filing shows: conversion/exercise of 4,628,674 Class B ordinary shares into 4,628,674 Class A ordinary shares (no cash price), and disposition of 4,007,222 securities valued at $11.50 each (total value reported $46,083,053). These actions reflect the SPAC business combination mechanics (shares/warrants of the Issuer were exchanged or cancelled and replaced with equivalent securities of the combined company, Pubco).
Key Details
- Transaction dates: primary activity on May 8, 2026 (report filed May 12, 2026 — within the two-business-day Form 4 deadline). Prior acquisition noted on Nov 7, 2024.
- Reported items:
- 4,628,674 Class B → converted to 4,628,674 Class A (exercise/conversion; no cash consideration reported).
- 4,007,222 securities reported at $11.50 each, total $46,083,053 (disposed in connection with the business combination).
- Shares/warrants of the Issuer were cancelled or exchanged for equivalent Pubco securities at closing; following the Business Combination, the Sponsor and Mr. Weil own zero Class A ordinary shares and zero warrants of the Issuer (per footnotes F2 and F5).
- Beneficial ownership: Willow Lane Sponsor, LLC is the record holder; B. Luke Weil is sole managing member and may be deemed to beneficially own the Sponsor-held securities but disclaims beneficial ownership except for pecuniary interest (footnote F1).
- Transaction codes: M = exercise/conversion of derivative; U = disposition in change of control; J = other acquisition. These were change-of-control/exchange transactions tied to the SPAC closing, not open-market trades.
Context
This filing documents SPAC-closing mechanics (founder shares and warrants converting/exchanging at the business combination), not a routine open-market buy or sell. For retail investors, such change-of-control dispositions typically reflect conversion/exchange into the post-combination company's securities rather than a CEO taking cash proceeds via an open-market sale.
Insider Transaction Report
- Exercise/Conversion
Class A Ordinary Shares
[F2][F1]2026-05-08+4,628,674→ 4,628,674 total(indirect: See footnote) - Disposition from Tender
Class A Ordinary Shares
[F2][F1]2026-05-08−4,628,674→ 0 total(indirect: See footnote) - Exercise/Conversion
Class B Ordinary Shares
[F2][F3][F1]2026-05-08−4,628,674→ 0 total(indirect: See footnote)→ Class A Ordinary Shares (4,628,674 underlying) - Other
Warrants
[F2][F4][F1]2024-11-07$11.50/sh+4,007,222$46,083,053→ 4,007,222 total(indirect: See footnote)→ Class A Ordinary Shares (4,007,222 underlying) - Disposition from Tender
Warrants
[F2][F4][F5][F1]2026-05-08$11.50/sh−4,007,222$46,083,053→ 0 total(indirect: See footnote)→ Class A Ordinary Shares (4,007,222 underlying)
Footnotes (5)
- [F1]Willow Lane Sponsor, LLC (the "Sponsor") is the record holder of the securities reported herein. B. Luke Weil is the sole managing member of the Sponsor and holds voting and investment discretion with respect to the securities held of record by the Sponsor. As such, B. Luke Weil may be deemed to have beneficial ownership of the securities held of record by the Sponsor. B. Luke Weil disclaims any beneficial ownership except to the extent of his pecuniary interest therein.
- [F2]In connection with the closing of the business combination (the "Business Combination") on May 8, 2026 among Willow Lane Acquisition Corp. (the "Issuer"), Boost Run Holdings, LLC ("Boost Run"), Boost Run Inc. ("Pubco") and other parties named therein under that certain Business Combination Agreement, dated September 15, 2025 and amended on January 13, 2026, these Class A Ordinary Shares of the Issuer were cancelled in exchange for an equal number of shares of Class A common stock, par value $0.0001 per share, of Pubco. Following the Business Combination, the Sponsor and Mr. Weil own zero Class A Ordinary Shares of the Issuer.
- [F3]As described in the registration statement on Form S-1, as amended (File No. 333-282495), of the Issuer under the heading "Description of Securities--Founder Shares," the Class B Ordinary Shares will automatically convert into Class A Ordinary Shares at the time of the Issuer's initial business combination, or at any time prior to the Issuer's initial business combination, at the option of the holder, on a one-for-one basis, subject to certain adjustments. On May 8, 2026, in connection with the consummation of the Business Combination, 4,628,674 Class B Ordinary Shares were converted into an aggregate of 4,628,674 Class A Ordinary Shares.
- [F4]These warrants were purchased and issued on November 7, 2024, simultaneously with the closing of the Issuer's initial public offering and become exercisable 30 days after the completion of the Issuer's initial business combination. The warrants expire on a date that is five years after the completion of the Issuer's initial business combination.
- [F5]In connection with the closing of the Business Combination, these warrants of the Issuer were cancelled in exchange for an equal number of warrants of Pubco. Following the Business Combination, the Sponsor and Mr. Weil own zero warrants of the Issuer.