Zhao Michael Xu sold CFND
September 5, 2025 · Form 4 insider transaction
Zhao Michael Xu sold 23,998 shares of C1 Fund Inc. at $0.00 per share, a transaction worth N/A. The trade was recorded as j and disclosed on an SEC Form 4, filed 388 days after the transaction.
Footnotes
Michael Zhao beneficially owns the reported shares through the Issuer's sponsor, C1 Group LLC. On September 5, 2025, 100,000 shares of common stock held by C1 Group LLC was cancelled because the underwriters did not exercise their over-allotment option, as described in the Issuer's IPO Prospectus. The number of shares reported herein reflect Mr. Zhao's indirect ownership through C1 Group LLC.; This Form 4 Amendment is being filed to correct the number of shares beneficially owned by Michael Xu Zhao. Mr. Zhao indirectly owns shares in C1 Fund Inc. through C1 Group LLC. Mr. Zhao's ownership interest in C1 Group LLC was diluted on August 7, 2025, the date of C1 Fund Inc.'s IPO, when certain investors' interests in C1 Group LLC vested. The dilution in Mr. Zhao's ownership in C1 Group LLC resulted in a decrease in his indirect ownership of C1 Fund Inc., which was not reflected in Mr. Zhao's prior beneficial ownership filings.