Form 4: Harraden Entities Divest AlphaVest Shares

Harraden Circle Investments and related entities, including a 10% owner and director, reported significant sales of AlphaVest Acquisition Corp. ordinary shares totaling 220,175 shares over three days in December 2025.

Summary

• Harraden Circle Investments, LLC and several related entities, including Frederick V. Fortmiller, Jr., a director and 10% owner, reported the sale of 220,175 ordinary shares of AlphaVest Acquisition Corp. (ATMV).
• The transactions occurred on December 5, 8, and 9, 2025.
• Sales were executed at weighted-average prices ranging from $8.295 to $20.9756 per share.
• Following these transactions, the beneficial ownership of ordinary shares by the reporting persons decreased to 329,825 shares.
• The sales were conducted under a Rule 10b5-1(c) plan, indicating pre-scheduled transactions.

Sentiment

Score: 3

Explanation: The sentiment is negative due to substantial insider selling by a 10% owner and director. While executed under a 10b5-1 plan, the significant reduction in holdings could signal diminished confidence or a strategic exit, which typically weighs on investor sentiment.

Positives

• The transactions were executed under a Rule 10b5-1(c) plan, suggesting pre-planned sales rather than a reaction to immediate negative news.

Negatives

• Significant insider selling by a 10% owner and director could be perceived negatively by the market, potentially signaling a lack of confidence or a need for liquidity.
• The total number of shares sold, 220,175, represents a substantial reduction in the reporting persons' holdings.

Risks

• Significant insider selling by a 10% owner and director may lead to negative market sentiment and downward pressure on the stock price.
• The reduction in ownership by a major stakeholder could diminish their vested interest in the company's long-term performance.

Future Outlook

NA

Management Comments

• Each of Harraden GP, Harraden LLC, Harraden Adviser, and Mr. Fortmiller disclaims beneficial ownership of the Shares reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Industry Context

This filing reflects an insider's divestment of shares, which is a common occurrence in the market. Without further context on AlphaVest Acquisition Corp.'s specific industry or recent performance, it is difficult to draw broader industry conclusions. However, significant insider selling can sometimes precede or coincide with periods of underperformance relative to industry peers, or it could simply be part of a portfolio rebalancing strategy.

Comparison to Industry Standards

• NA

Stakeholder Impact

• Shareholders: May experience negative sentiment and potential downward pressure on share price due to significant insider selling.
• Management/Employees: Could perceive the selling as a signal of reduced confidence from a major stakeholder, potentially impacting morale.

Next Steps

• NA

Key Dates

Recommendation

The substantial insider selling by a 10% owner and director, even under a 10b5-1 plan, suggests a significant reduction in conviction or a strategic exit from the position. Such a large divestment by a knowledgeable insider typically signals potential headwinds or a belief that the stock is fully valued or overvalued. Investors should consider this a strong negative signal and evaluate reducing their exposure to AlphaVest Acquisition Corp.

Keywords

AlphaVest Acquisition Corp, ATMV, Form 4, Insider Selling, Share Sale, Harraden Circle Investments, Frederick V. Fortmiller Jr, 10b5-1 plan, Beneficial Ownership, Director Transactions