FORL Four Leaf Acquisition Corp Insider Trading

10% owner Wolverine Asset Management executes 3 small buys (130 shares for $1.5K) then sells 1,000 shares for $11.7K in July-August 2025

Wolverine Asset Management (10% owner) filed 3 separate purchase transactions totaling 130 shares for $1,499.93 between July 11–28, followed by a single sale of 1,000 shares for $11,670.00 on August 14. The net effect reduced holdings by 870 shares (-0.5% vs pre-transaction holdings of 186.4K shares). The buys occurred at prices ranging $11.53–$11.57; the sale occurred at $11.67, approximately at the 52-week high of $11.72. Wolverine's cross-ticker track record shows 1 prior buy and 6 prior sells with a 90-day well-timed rate of 20.00% (well-timed sells yield negative 90-day returns after execution). The company reported net income of $-59.2K, indicating ongoing losses.

AQR Capital Management sold all 366,532 shares (100% of holdings) for $4,259,101.84 on 2025-08-15

AQR Capital Management Holdings, LLC, a 10% owner of Four Leaf Acquisition Corp, executed 9 separate sales on 2025-08-15 totaling 366,532 shares (366.5K shares) for $4,259,101.84, liquidating its entire position at $11.62 per share. This complete exit occurs when FORL trades near its 52-week high of $11.72, with the current price only 0.0% below that peak. The divestiture is particularly notable given the company's fundamental weakness: net income of $-59,229.00 ($-59.2K) indicates the underlying business is loss-making. A material shareholder's full liquidation of a blank-check entity with negative earnings warrants scrutiny regarding both the acquirer's underlying asset quality and any material information asymmetries at the time of this filing.