Mehana Ventures LLC - 12 Mar 2026 Form 3 Insider Report for Pono Capital Four, Inc. (PONO)

Role: 10%+ Owner
Signature: Mehana Ventures LLC By: Mehana Management LLC, its Managing Member By: /s/ Dustin Shindo Name: Dustin Shindo Title: Manager
Issuer symbol: PONO
Transactions as of: 12 Mar 2026
Net transactions value: $0
Form type: 3
Filing time: 13 Mar 2026, 15:35:09 UTC
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Mehana Ventures LLC	10%+ Owner	4348 WAIALAE AVE, #632, HONOLULU	Mehana Ventures LLC By: Mehana Management LLC, its Managing Member By: /s/ Dustin Shindo Name: Dustin Shindo Title: Manager	13 Mar 2026	0002114430

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	PONO	Class B Ordinary Shares							12 Mar 2026	Class A Ordinary Shares	5,550,650		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Class B ordinary shares will automatically convert into Class A ordinary shares concurrently with or immediately following the consummation of the Issuer's initial business combination, or earlier at the option of the holders thereof on a one-for-one basis, subject to the adjustments. The Class B ordinary shares have no expiration date.
F2	Represents 5,550,650 Class B ordinary shares held by Mehana Ventures LLC, the Issuer's sponsor, after the Issuer forfeited 1,468,571 of the 7,392,857 Class B ordinary shares originally purchased by the Issuer's Sponsor for $25,000. The Issuer also transferred an aggregate of 363,636 Founder Shares to direct institutional investors in connection with a private placement that is closing simultaneously with the initial public offering. Includes an aggregate of up to 771,429 Class B ordinary shares that are subject to forfeiture to the extent the over-allotment option is not exercised in full in connection with the Issuer's initial public offering.

Content

The Class B ordinary shares will automatically convert into Class A ordinary shares concurrently with or immediately following the consummation of the Issuer's initial business combination, or earlier at the option of the holders thereof on a one-for-one basis, subject to the adjustments. The Class B ordinary shares have no expiration date.

Represents 5,550,650 Class B ordinary shares held by Mehana Ventures LLC, the Issuer's sponsor, after the Issuer forfeited 1,468,571 of the 7,392,857 Class B ordinary shares originally purchased by the Issuer's Sponsor for $25,000. The Issuer also transferred an aggregate of 363,636 Founder Shares to direct institutional investors in connection with a private placement that is closing simultaneously with the initial public offering. Includes an aggregate of up to 771,429 Class B ordinary shares that are subject to forfeiture to the extent the over-allotment option is not exercised in full in connection with the Issuer's initial public offering.