Form 4: Director Michael Jesselson Converts Centurion Shares

Director Michael Jesselson converted 30,000 Class B Ordinary Shares into Class A Ordinary Shares of Centurion Acquisition Corp.

Summary

• Reporting person Michael G. Jesselson, a Director at Centurion Acquisition Corp., executed a conversion of 30,000 Class B Ordinary Shares into 30,000 Class A Ordinary Shares.
• The transaction occurred on June 8, 2026.
• The conversion was performed on a one-for-one basis as per the company's Amended and Restated Memorandum and Articles of Association.
• No additional consideration was paid for the conversion.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative event involving the conversion of existing equity holdings by an insider.

Positives

• The conversion reflects an increase in the reporting person's direct holding of Class A Ordinary Shares, which are typically the primary trading class.

Negatives

• None identified; this is a routine internal conversion of share classes.

Risks

• The conversion is subject to standard anti-dilution adjustments as outlined in the company's governing documents.

Future Outlook

No specific forward-looking guidance provided in this filing.

Industry Context

StockSavvy.ai notes that internal share class conversions by directors are common in SPACs and acquisition vehicles to align holdings with standard equity classes, and generally do not signal a change in the underlying business strategy.

Comparison to Industry Standards

• The conversion follows standard corporate governance practices for dual-class share structures common in acquisition-focused entities.

Stakeholder Impact

• Minimal impact on shareholders as this represents a change in share class composition rather than a change in total beneficial ownership.

Next Steps

• No future actions or milestones were disclosed in this filing.

Key Dates

Keywords

Centurion Acquisition Corp, ALF, Insider Trading, Form 4, Share Conversion, Michael Jesselson