Banthiya Siddhartha 4

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.