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Enhanced Group Inc.·4

May 11, 7:34 PM ET

Banthiya Siddhartha 4

4 · Enhanced Group Inc. · Filed May 11, 2026

Research Summary

AI-generated summary of this filing

Updated

Enhanced Group (ENHA) CFO Banthiya Siddhartha Receives 570,159 Shares

What Happened

  • Banthiya Siddhartha, Chief Financial Officer of Enhanced Group Inc. (ENHA), is reported to have acquired 570,159 derivative securities (reported as an award/acquisition) on May 7, 2026. The filing lists the price as N/A because these securities were issued/exchanged in connection with the closing of a business combination rather than a cash market purchase.

Key Details

  • Transaction date: 2026-05-07; Form 4 filed: 2026-05-11 (filed within the two-business-day window).
  • Amount reported: 570,159 (derivative securities / awards); price: N/A.
  • Shares owned after transaction: not separately disclosed in the provided filing details.
  • Footnotes of importance:
    • F1: Securities were acquired as part of the business combination closing among A Paradise Acquisition Corp., Merger Sub and Enhanced (Enhanced became a subsidiary, then merged and A Paradise renamed to Enhanced Group Inc.).
    • F2: The acquisition of stock options for Class A common stock is reported as exempt from Section 16(b) under Rule 16b-3; the Form 4 reports the acquisition pursuant to the Business Combination Agreement and does not reflect any cash purchase by the reporting person.
    • F3: The original options were granted Oct 29, 2025 and vest monthly over four years from a Vesting Start Date of Sept 8, 2025, subject to a one-year cliff.
    • F4: At closing, outstanding options to purchase Enhanced common shares (vested or unvested) were exchanged for comparable options to purchase Class A common stock of the new issuer, with exercise prices adjusted per the agreed exchange ratio.

Context

  • This was a derivative/security exchange tied to a merger/business combination, not an open-market buy or sale. The reported securities are options/awards converted into the issuer’s Class A common stock equivalents and remain subject to the original vesting schedule and any exercise requirements. The filing does not show any immediate sale (cashless exercise) of the acquired securities.

Insider Transaction Report

Form 4
Period: 2026-05-07
Enhanced Group Inc.ENHA
Banthiya Siddhartha
DirectorChief Financial Officer
Transactions
  • Award

    Stock Option (Right to buy)

    [F1][F2][F4][F3]
    2026-05-07+570,159→ 570,159 total
    Exercise: $1.23Exp: 2035-10-29→ Class A common stock (570,159 underlying)
Footnotes (4)
  • [F1]Consists of securities acquired in connection with the transactions consummated on May 7, 2026, pursuant to that certain Business Combination Agreement, dated November 26, 2025 (the "Business Combination Agreement"), by and among A Paradise Acquisition Corp. ("A Paradise"), A Paradise Merger Sub 1 Inc. ("Merger Sub"), and Enhanced Ltd. ("Enhanced"), pursuant to which (i) Merger Sub merged with and into Enhanced, the separate corporate existence of Merger Sub ceased and Enhanced was the surviving corporation and a wholly owned subsidiary of A Paradise, (ii) Enhanced merged with and into A Paradise, the separate corporate existence of Enhanced ceased and A Paradise was the surviving corporation, and (iii) A Paradise changed its name to "Enhanced Group Inc." (the "Issuer") (the "Business Combination").
  • [F2]The acquisition of the Stock Options for Class A common stock, par value $0.0001, of the Issuer ("Class A common stock"), is exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") pursuant to Rule 16b-3 under the Exchange Act. This Form 4 only reports the acquisition of securities of the Reporting Person pursuant to the Business Combination Agreement and does not reflect the purchase of securities by the Reporting Person.
  • [F3]The options were originally granted on October 29, 2025 and vest monthly over a four-year period measured from September 8, 2025 (the "Vesting Start Date"), subject to a one-year cliff.
  • [F4]In connection with the closing of the Business Combination, each outstanding option to purchase Enhanced common shares, whether vested or unvested, was exchanged for a comparable option to purchase that number of shares of Class A common stock of the Issuer based on the exchange ratio as defined in the Business Combination Agreement (the "Exchange Ratio"). The exercise price for each such option was also accordingly adjusted based on the Exchange Ratio.
Signature
/s/ Emily Tabak, attorney-in-fact for Mr. Banthiya|2026-05-11

Documents

1 file
  • 4
    wk-form4_1778542453.xmlPrimary

    FORM 4