Marepally Bhargava 4

What Happened
Marepally Bhargava, listed as CEO and a member of the sponsor's management, is reporting an award of 100,000 Class B Ordinary Shares in StoneBridge Acquisition II Corp (APAC). The filing shows the grant on February 5, 2026; no purchase price is reported (N/A). The Class B shares are derivatives that will convert one-for-one into Class A Ordinary Shares upon the issuer’s initial business combination and have no expiration date. The reported shares were transferred from the issuer’s sponsor, StoneBridge Acquisition Sponsor II LLC, to four independent board members — the reporting person is reporting because of his role in the sponsor, not as the direct recipient.

Key Details

• Transaction date: February 5, 2026 (Form 4 filed February 6, 2026) — timely filing.
• Transaction type/code: A = Award/Grant; price: N/A (no cash purchase).
• Shares involved: 100,000 Class B Ordinary Shares (derivative).
• Post-transaction ownership: The shares are directly held by the Sponsor; the reporting person disclaims beneficial ownership except to any pecuniary interest.
• Footnotes: F1 — Class B shares transferred by the Sponsor to four independent board members and convert 1:1 to Class A at the initial business combination. F2 — reporting person is a member of the Sponsor’s managing member and may be deemed to have voting/investment discretion; he disclaims beneficial ownership beyond any pecuniary interest.

Context
This appears to be a routine board compensation grant administered by the SPAC sponsor to independent directors. Because the shares are currently held by the Sponsor and will convert at a future business combination, this filing does not represent an open-market buy or sale by the CEO and should not be read as a direct trading signal by the reporting person.