November 7, 2025 · Form 4 insider transaction
Rai Akshay bought 1,784,414 shares of BLLN, a transaction worth N/A. The trade was recorded as conversion of a derivative and disclosed on an SEC Form 4, filed 3 days after the transaction.
The total represents shares received upon conversion of shares of Series D Convertible Preferred Stock.; The reported security converted into the Issuer's Common Stock on a one-for-one basis automatically immediately prior to the closing of the Issuer's initial public offering of Class A common stock (the "Offering") without payment of further consideration. The shares have no expiration date.; The reported securities are directly held by Wipro Enterprises Private Limited (Wipro), of which Mr. Rai is the nominee/investor director appointed by Wipro Enterprises Limited. Mr. Rai will not have voting or dispositive control of these securities while such securities are held by Wipro and thus disclaims beneficial ownership of such securities.