Chen Yun sold BSAA
September 29, 2026 · Form 4 insider transaction
Chen Yun sold 1,375,000 shares of BEST SPAC I Acquisition Corp., a transaction worth N/A. The trade was recorded as j and disclosed on an SEC Form 4, filed 0 days after the transaction.
Footnotes
The Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment. The Class B ordinary shares have no expiration date.; On September 29, 2026, Naoda Investments Limited, of which Mr. Yun Chen serves as the sole director, sold 100% of its interests in BEST SPAC I (Holdings) Corp., the sponsor of BEST SPAC I Acquisition Corp. (the "Issuer"), to A SPAC (Holdings) Group Corp. for $1. Mr. Chen was previously deemed a beneficial owner of the Issuer's securities by virtue of having shared voting and dispositive power with Kam Chi Kin over the securities held by the sponsor. Mr. Chen did not previously file a Form 3 with respect to such indirect beneficial ownership. As of the date of this report, Mr. Chen no longer has any voting or dispositive power over the Issuer's securities held by BEST SPAC I (Holdings) Corp.