Boodhoo Roshan 4
Research Summary
AI-generated summary
StoneBridge Acquisition II Director Roshan Boodhoo Receives 25,000 Shares
What Happened
- Roshan Boodhoo, a director of StoneBridge Acquisition II Corp (APAC), received an equity grant of 25,000 Class B ordinary shares on February 5, 2026. The shares were transferred from the issuer’s sponsor, StoneBridge Acquisition Sponsor II LLC. No cash was exchanged and no per-share price is reported on the Form 4 (transaction type = Award/Grant, code A).
- The Class B shares are derivative in nature: they will automatically convert into Class A ordinary shares on a one-for-one basis upon the issuer’s initial business combination (subject to adjustments). The Class B shares have no expiration date.
Key Details
- Transaction date: 2026-02-05; Form 4 filed: 2026-02-06 (timely — within Form 4 reporting window).
- Transaction type/code: Award/Grant (A); amount: 25,000 Class B ordinary shares; price: N/A (no cash payment).
- Shares owned after transaction: not specified on the filing.
- Footnote: shares were transferred by the sponsor to Boodhoo; automatic one-for-one conversion to Class A upon initial business combination, subject to adjustments.
- Filing appears timely (no late filing flag reported).
Context
- This was an equity grant for board service, not an open-market purchase or sale — such grants are common for compensation of directors and do not by themselves indicate buying or selling sentiment.
- Class B sponsor shares in SPACs are structural/derivative instruments that typically convert at the business combination; treat them differently from regular open-market insider purchases or sales.