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Four Leaf Acquisition Corp [FORL]

Reporting date: 10/06/2025

⚠️ Neutral Insider Sale Detected

📝 What Happened

  • Insider: WOLVERINE ASSET MANAGEMENT LLC
  • Role: Ten-percent owner (indirect holder / investment manager)
  • Company: Four Leaf Acquisition Corp (FORL)
  • Transaction Date(s): 2025-10-06
  • Table I (Non-Derivative Securities)
    • Sale : 572
    • Average Sale Price: $12.49
    • Total Value: $7,144.28
    • Post-Transaction Direct Holdings: 0 (no direct holdings reported)
    • Indirect Holdings: 184,058 (held by Wolverine Flagship Fund Trading Limited)
    • 10b5-1 Plan Used? No

📄 Summary

WOLVERINE ASSET MANAGEMENT LLC, Ten-percent owner (indirect), at Four Leaf Acquisition Corp (FORL), sold 572 shares on October 6, 2025, at an average price of $12.49, realizing proceeds of about ~$7,144.28. After the transaction, they now hold 0 direct shares and 184,058 indirect shares (held by Wolverine Flagship Fund Trading Limited). For retail traders, this is a neutral-to-slightly bearish event: small trimming by a large holder, likely portfolio rebalancing.

🔑 Interpretation

  • Type: Discretionary (likely portfolio rebalancing by a fund manager, not compensation-related)
  • Disposition: Shares were reported as sold (transaction code "S"); proceeds were realized at the reported price.
  • Size Context: The sale is very small relative to post-transaction indirect holdings (572 vs. 184,058 ≈ 0.31%), consistent with routine trimming or rebalancing rather than large-scale profit-taking.
  • ATH Metric: Using recent market context (yesterday's close as the local reference), this transaction does not appear to occur at or near an all-time high or low and therefore does not look opportunistically timed to ATH/ATL extremes; it sits within normal trading ranges.
  • Outlier Check: Not unusually large compared to the holder's total position — small and not an outlier.

📊 Bullish or Bearish?

Neutral

Neutral. The filing reports a small net sell (transaction code S) by an indirect ten-percent owner; the size is tiny relative to total holdings and likely discretionary/rebalancing. The filing is complete for this trade but does not indicate coordinated cluster selling.

✅ Bottom Line (Retail Takeaway)

This transaction looks like routine rebalancing by a large indirect holder rather than a meaningful bearish signal. For retail traders, it’s noise — not a standalone tradeable event unless accompanied by larger, multiple insider sales.