Fundomo SN-001, LP 4

What Happened

• Fundomo SN-001, LP (reported as a 10% holder) converted a total of 19,877,358 shares of derivative preferred securities into Class A Common Stock of Standard Nuclear (STDN) on July 17, 2026. The conversion records show three conversion events: 3,849,782; 2,027,576; and 14,000,000 shares. No cash was paid or received — the conversions were recorded at $0 (i.e., an automatic 1-for-1 conversion rather than a purchase or sale). Corresponding derivative positions were extinguished (reported as dispositions at $0).

Key Details

• Transaction date: July 17, 2026.
• Share amounts converted: 3,849,782 + 2,027,576 + 14,000,000 = 19,877,358 shares.
• Price/value: Recorded as N/A for acquired common and $0.00 for extinguished derivative positions (no cash exchanged).
• Nature of transaction: Automatic conversion of Series Seed-1, Series A, and Series A-2 preferred into Class A Common on a 1-for-1 basis immediately prior to the issuer’s IPO (see footnote F1).
• Filing/Timeliness: This Form 4 (filed 2026-07-30) was used to add SN-001 GP, SN-002 GP, and Corey L. Nobile as reporting persons after they received CIKs; the underlying transaction was previously reported on July 21 (and amended July 22), so this update is administrative, not a late report.
• Shares owned after transaction: The filing shows conversion into common shares but does not state the total beneficial ownership following the conversion in the excerpt provided.
• Reporting relationships and disclaimers: Footnotes note GP/affiliate relationships (F2–F3) and a disclaimer of beneficial ownership beyond pecuniary interest (F4).

Context

• This was a conversion of convertible preferred into common stock tied to the company’s IPO, not an open-market buy or sale. No cash changed hands and the conversion is routine in IPO restructurings.
• As a 10% holder and limited partnership (Fundomo SN-001 LP), this is institutional holding activity rather than an executive selling or buying shares; interpretations of sentiment should be cautious and factual.