K&F Growth Acquisition LLC II, a 10% owner and director of K&F Growth Acquisition Corp. II (NASDAQ:KFII), filed a Form 4 on October 27, 2026, reporting the conversion of 9,583,332 Class B ordinary shares into Class A ordinary shares on October 23, 2026.

Key Highlights

  • Conversion date: October 23, 2026, when the reporting persons elected to convert 9,583,332 Class B ordinary shares into 9,583,332 Class A ordinary shares.
  • Transaction code: The conversion was recorded under transaction code C, with Class A shares acquired at a price of $0.
  • Resulting ownership: Following the transaction, K&F Growth Acquisition LLC II directly holds 9,583,332 Class A ordinary shares.
  • Reporting persons: The filing names three reporting persons: K&F Growth Acquisition LLC II (the Sponsor), Edward King (Co-Chief Executive Officer), and Daniel Fetters (Co-CEO and CFO).
  • Conversion terms: According to the filing, Class B ordinary shares are convertible into Class A ordinary shares on a one-for-one basis, at the option of the holder, for no additional consideration, with no expiration date.
  • Beneficial ownership note: Each of Daniel Fetters and Edward King, as Co-Managing Members of the Sponsor, may be deemed to have beneficial ownership of the shares held by the Sponsor, though each disclaims beneficial ownership beyond any pecuniary interest therein.

Sponsor Converts Entire Class B Position in K&F Growth Acquisition Corp. II

According to the Form 4 filed with the SEC on October 27, 2026, K&F Growth Acquisition LLC II, the sponsor entity of K&F Growth Acquisition Corp. II (NASDAQ:KFII), converted 9,583,332 Class B ordinary shares into an equal number of Class A ordinary shares on October 23, 2026. The filing describes the conversion as occurring "at the option of the holder," on a one-for-one basis, "for no additional consideration," and notes the Class B shares have no expiration date. The transaction was recorded at a price of $0 per share.

The filing lists three reporting persons: K&F Growth Acquisition LLC II, which is the record holder of the shares; Edward King, identified as Co-Chief Executive Officer and Co-Managing Member of the Sponsor; and Daniel Fetters, identified as Co-CEO, CFO, and Co-Managing Member of the Sponsor. Both King and Fetters are listed as directors and 10% owners of the issuer. The filing notes that each of Fetters and King holds "voting and investment discretion with respect to the ordinary shares held of record by the Sponsor," and each may therefore be deemed to have beneficial ownership of those shares. However, the filing states that "each of Mr. Fetters and Mr. King disclaims any beneficial ownership of the securities held of record by the Sponsor other than to the extent of any pecuniary interest they may have therein, directly or indirectly."

Following the reported transaction, the Sponsor directly holds 9,583,332 Class A ordinary shares. No derivative securities remain listed in Table II following the conversion, as the 9,583,332 Class B shares have been fully converted. All four signatures on the filing are dated October 27, 2026.

What Was Disclosed

The filing discloses the conversion of 9,583,332 Class B ordinary shares into Class A ordinary shares by K&F Growth Acquisition LLC II on October 23, 2026, at no cost, resulting in direct ownership of 9,583,332 Class A ordinary shares by the Sponsor.