Huffman Joel David 4
Research Summary
AI-generated summary
StoneBridge Acquisition II (APAC) Director Joel Huffman Receives Award
What Happened
Joel Huffman, a director of StoneBridge Acquisition II Corporation (ticker: APAC), was granted 25,000 Class B Ordinary Shares on February 5, 2026 as compensation for his service on the board and its committees. The shares were transferred from the company’s sponsor, StoneBridge Acquisition Sponsor II LLC. No cash price or dollar value is reported for the grant.
Key Details
- Transaction date: February 5, 2026; Form 4 filed February 6, 2026 (timely filing).
- Transaction type: Award/Grant (code A).
- Shares granted: 25,000 Class B Ordinary Shares (derivative). Price: N/A (no purchase price reported).
- Conversion: Class B shares automatically convert to Class A Ordinary Shares on a one-for-one basis upon the issuer’s initial business combination, subject to adjustments; no expiration date.
- Shares owned after transaction: not specified in the filing.
- Footnote: Grant was approved by the board and transferred from the sponsor (StoneBridge Acquisition Sponsor II LLC).
- Filing timeliness: Report appears timely (filed the next day); no late-filing indication.
Context
This is a compensation grant common in SPAC structures—Class B shares are a sponsor-type interest that become ordinary (Class A) shares when the SPAC completes a business combination. Such awards are routine board compensation and do not by themselves indicate the director’s view of the company’s near-term prospects.