SBC Pono Capital Two, Inc. Insider Trading

Chairman/CEO Aikawa Yoshiyuki sold 465,000 shares of SBC at $3.02 on 2026-04-28; stock down -41.6% from 52-week high.

Aikawa Yoshiyuki sold 465,000 shares for $1,405,462.50, reducing holdings from 79,304,460 to 78,839,460 shares (a -0.6% reduction in his position). The transaction occurred at $3.02 per share, while the stock currently trades at $3.30, having declined -19.3% over the past 30 days and -22.0% over 90 days from a 52-week high of $5.65. This is the second open-market sale by Aikawa at SBC within 8 days (following an April 21 sale), suggesting a pattern of sustained liquidation during a period of significant stock weakness. While his cross-ticker track record across all open-market history shows an average 30-day return of +110.8% following prior sales, his same-ticker history at SBC shows a single measurable outcome of +110.8% 30-day return after the March 6 sale, providing limited evidence of timing accuracy at this specific ticker. The company's fundamentals show revenue of $43,353,235.00 and net income of $12,824,636.00 in the latest quarter, but annual revenue has contracted -15.5% year-over-year, and the stock is trading well below recent highs despite a relatively low P/E of 7.17.

Aikawa Yoshiyuki (Chairman and CEO) sells 3,100,000 shares of SBC at $3.02 for $9,369,750.00 on 2026-04-21

Chairman and CEO Aikawa Yoshiyuki sold 3,100,000 shares at $3.02 per share on April 21, 2026, reducing his holdings from 82,404,460 to 79,304,460 shares. The stock has declined -39.8% from its 52-week high of $5.65 and is trading at $3.40 currently, down -11.9% over the past 30 days and -22.2% over 90 days, indicating significant recent weakness. SBC's fundamentals show concerning trends: annual revenue contracted -15.5% year-over-year despite a low P/E of 7.39, and this represents the CEO's only prior trade at this ticker, providing limited historical context for evaluating pattern significance relative to his cross-ticker track record of average 30-day returns of +110.8%.

ZUU Co. (10% owner) bought 8,399 shares at $10.51, sold 4,755 at $11.38; net +3,644 shares, holdings now 1,423,718.

ZUU Co. executed 2 transactions within 2 days: selling 4,755 shares for $54,111.90 on 2024-08-21, then purchasing 8,399 shares for $88,309.61 on 2024-08-22, resulting in a net acquisition of 3,644 shares. The net buy occurred at an average transaction price lower than the preceding sale ($10.51 vs $11.38), and the current price of $13.00 is 24% above the purchase price executed on 2024-08-22. However, the insider's cross-ticker track record shows 20 prior buys with 0% 90-day win rate and a 90-day average return of -28.1%, indicating a pattern of purchasing ahead of subsequent declines. At PTWO specifically, all 5 prior trades are buys with no measurable 90-day outcomes yet, offering no historical reference for timing accuracy at this ticker. The company reported negative net income of $-308,266.00, which warrants attention given the insider's net accumulation despite unfavorable fundamentals.

10% Owner ZUU Co. purchased 2,499 shares of PTWO at blended $12.82 across 3 transactions; stock now trading -16.3% from 52-week high.

ZUU Co. Ltd., a 10% owner, executed 3 separate purchases totaling 2,499 shares for $32,037.00, increasing holdings by 0.2% to 1,495,074 shares. The transactions occurred at prices ranging from $12.50 to $13.00 (blended average $12.82), while the stock currently trades at $12.65, down 16.3% from its 52-week high and down 5.5% over the past 30 days. The company's most recent reported net income is negative at $-292,546.00, indicating ongoing losses. ZUU's prior 5 trades at PTWO are all recent purchases (July 2024), though outcomes remain unmeasurable; its broader cross-ticker buy track record shows an average 30-day return of +2.2% across 20 prior trades, but that data is not predictive of PTWO-specific outcomes.

10% Owner ZUU Co. Ltd. purchases 15,509 shares of PTWO at $13.00 totaling $201,617 amid -13.9% 90-day decline

ZUU Co. Ltd., a 10% owner, executed 2 purchases totaling 15,509 shares for $201,617.00 at $13.00 per share on 2024-07-24. The stock has declined 13.9% over the prior 90 days and currently trades at $12.90, down 5.2% in the last 30 days. This purchase follows 5 other buys at PTWO within the preceding 12 days (2024-07-12 through 2024-07-19), suggesting a pattern of accumulation during a period of price weakness. The company reported a net loss of $-292,546.00, creating a divergence between the insider's buying activity and underlying financial performance. The significance is moderate given the 10% ownership stake and the accumulation pattern, though the lack of positive outcomes in prior PTWO trades and the company's negative net income warrant attention to whether this reflects opportunistic purchasing or reflects confidence in turnaround prospects.

10% Owner ZUU Co. Ltd. bought 5,406 shares at $13.00 in 2 transactions, raising stake to 1,477,066 shares

ZUU Co. Ltd., a 10% owner of Pono Capital Two, Inc., purchased 5,406 shares across 2 separate transactions on 2024-07-17 and 2024-07-19 at a blended average price of $13.00, totaling $70,278.00 and increasing holdings from 1,471,660 to 1,477,066 shares. The current price of $13.04 is -13.8% from the 52-week high and -4.3% over 30 days, placing this purchase within a context of recent price weakness. The company is currently unprofitable with net income of $-292,546.00. This modest 0.4% increase in an already substantial 10% stake represents continued accumulation but does not dramatically shift the insider's exposure to the company.

10% Owner ZUU Co. Ltd. purchases 4,545 shares at $13.00 across 4 transactions, adding 0.3% to 1.47M share position

ZUU Co. Ltd., a 10% owner of PTWO, executed 4 separate purchases totaling 4,545 shares for $59,085.00 over four days (July 9–15, 2024) at a consistent $13.00 per share. The current price of $13.04 sits -13.8% below the 52-week high of $15.12, and the stock has declined -5.4% over the past 30 days, though it is up +4.2% over 90 days. This represents a modest 0.3% increment to existing holdings of 1.47M shares. PTWO reported net income of $-292.5K, indicating ongoing losses. The insider's cross-ticker track record shows 20 prior buys with a 100.00% 90-day win rate and average 90-day returns of +2.3%, but no prior same-ticker trades at PTWO have yet matured to measurable 30- or 90-day outcomes, making prior performance on this ticker unavailable for comparison.

10% owner ZUU Co. Ltd. purchases 6,314 shares at $13.00 across 3 transactions (July 9-11); stock near 52-week lows, company loss-making.

A substantial 10% stakeholder in PTWO acquired 6,314 shares totaling $82,082.00 at $13.00 per share across three separate purchases from July 9–11, 2024. The stock is trading at $13.01, representing a 14.0% discount from its 52-week high and down 3.6% over the past 30 days, though up 11.8% over 90 days. Fundamentals remain weak, with PTWO reporting net income of $-292,546.00. At the PTWO ticker specifically, this buyer's prior five trades show modest short-term returns (ranging +0.5% to +3.0% at 30 days for completed transactions), providing limited evidence of timing precision at this security. The transaction size represents only a +0.4% increase in the 10% owner's holdings, and the flat-to-modest prior trade outcomes at this ticker warrant careful monitoring of whether this activity signals conviction in a recovery or reflects a maintenance purchase amid operational losses.

ZUU Co. Ltd. (10% owner) purchased 30 shares of PTWO at $13.00 on 2024-07-02; stock now at $13.39, within 52-week range.

ZUU Co. Ltd., a 10% shareholder, purchased 30 shares at $13.00, a modest transaction resulting in 1,460,801 total post-transaction shares. The stock is trading at $13.39 (current), up slightly from the purchase price but down 11.4% from its 52-week high of $15.12. The company reports net income of $-292,546.00, indicating negative earnings. While the insider's cross-ticker track record shows a 100% 90-day win rate with +3.8% average return across 20 prior buys, same-ticker history at PTWO reveals only early-stage outcomes: most recent trades at this ticker lack measurable 30- or 90-day results, and of the five prior PTWO purchases, a 0% well-timed rate at 90 days suggests no pattern of accurate entry timing at this particular security.

10% Owner ZUU Co. Ltd. bought 2 shares of PTWO at $13.00 (6/27/24); holds 1,460,771 shares post-transaction

ZUU Co. Ltd., a 10% owner of Pono Capital Two, Inc., purchased 2 shares at $13.00 on 2024-06-27, adding negligibly to its 1,460,771-share position. The transaction value was $26.00. At current price of $13.07, the stock trades -13.6% from its 52-week high of $15.12 and is near the bottom of its 52-week range. This represents the third purchase within eight days (prior buys on 2024-06-10 and 2024-06-06), continuing a pattern of accumulation in late June. However, the company reported net income of $-292,546.00, signaling operational losses, and prior same-ticker trades show mixed near-term results (30d outcomes ranging from +0.5% to +6.0%), with no measurable 90-day outcomes yet available to assess longer-term positioning accuracy.