Amanat (AMAN) 10% Owner Sandeep Kulkarni Forfeits 281,250 Shares

What Happened
Sandeep Chidambar Kulkarni, the reporting person and sole managing member of Amanat Sponsor Holdings LLC (a 10% owner), reported a disposition on July 2, 2026 in which 281,250 Class B ordinary shares were forfeited to Amanat Acquisition Corp. The transaction is reported at $0.00 per share (total value $0) and is coded as an "Other acquisition or disposition (J)" on the Form 4 — the shares were forfeited, not sold for cash.

Key Details

• Transaction date: 2026-07-02; Form 4 filed: 2026-08-12 (filed 41 days after the transaction; later than the standard two-business-day deadline).
• Security: 281,250 Class B Ordinary Shares; reported price: $0.00; total reported value: $0.
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes of note:
  • F1: Class B ordinary shares convert one-for-one into Class A ordinary shares upon or immediately after an initial business combination (subject to adjustments and anti-dilution rights).
  • F2: The 281,250 Class B shares were forfeited to the issuer by the Sponsor at no cost due to expiration of the underwriters' over‑allotment (greenshoe) option.
  • F3: The Sponsor is the record holder; Kulkarni is the Sponsor's sole managing member with voting and investment discretion and disclaims beneficial ownership except to the extent of his pecuniary interest.
• Transaction code: J = Other acquisition or disposition (here, forfeiture).

Context
These were founder-style Class B shares (derivative/founder shares) that typically convert into Class A shares upon a business combination; the filing indicates a contractual forfeiture by the Sponsor rather than an open-market sale or a purchase. Because Kulkarni is reported via the Sponsor (a 10% holder), this reflects sponsor-level corporate housekeeping tied to the IPO/overallotment mechanics rather than a personal buy or sell decision by an operating executive. The late filing may warrant attention for timeliness tracking but does not change the nature of the reported forfeiture.