RECHTSCHAFFEN ANDREW bought PNAQ

August 10, 2026 · Form 4 insider transaction

RECHTSCHAFFEN ANDREW bought 1,000,000 shares of PNAQ at $10.00 per share, a transaction worth $10.00M. The trade was recorded as open-market purchase and disclosed on an SEC Form 4, filed 2 days after the transaction.

Direction
Acquired (buy-side)
Shares
1,000,000
Price
$10.00
Total value
$10.00M
Role
CompanyPNAQ
SecurityClass A Ordinary Shares
Transaction codeP: Open-market purchase
Transaction dateAugust 10, 2026
Filing dateAugust 12, 2026
Shares owned after1,225,000
OwnershipIndirect
10b5-1 planNo
AmendedNo

Footnotes

Reflects purchase by AVR Capital Holdings, LLC of the Issuer's securities in the Issuer's initial public offering.; Represents shares held by the Sponsor. Steven K. Hudson and AVR Capital Holdings, LLC, an affiliate of Andrew Rechtschaffen, are the co-managing members of the Sponsor and control the management of the Sponsor, including the exercise of voting and investment discretion over the securities held by the Sponsor. Mr. Hudson and AVR Capital Holdings, LLC disclaim any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly.

View the original Form 4 on SEC EDGAR