Saldanha Richard B 4

What Happened

• Richard Saldanha, a director of StoneBridge Acquisition II Corporation (APAC), received an award of 25,000 Class B Ordinary Shares on February 5, 2026. The filing lists this as an equity grant (transaction code A); no dollar price or immediate cash value is reported.
• The Class B shares were transferred from the issuer's sponsor (StoneBridge Acquisition Sponsor II LLC). These Class B Ordinary Shares automatically convert into Class A Ordinary Shares on a one-for-one basis at the issuer’s initial business combination, subject to adjustments, and have no expiration date.

Key Details

• Transaction date: February 5, 2026. Form 4 filed: February 6, 2026 (timely filing).
• Transaction type: Award/Grant (code A). Shares acquired: 25,000 Class B Ordinary Shares. Price: N/A (no cash paid).
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: Board approved the equity grant; shares were transferred from the sponsor and will convert to Class A at the initial business combination.
• No indication of a 10b5-1 plan, tax withholding, sale, or exercise in this filing.

Context

• This is a director compensation grant (common for SPAC boards) rather than an open-market purchase or sale; such awards are routine and reflect compensation for board service, not an immediate market bet.
• The Class B shares are convertible to Class A at the time of the SPAC’s business combination, so their economic value depends on the outcome and terms of that future transaction.