BBAI Ultimate Holdings Amends BigBear.ai Stake
Ticker: BBAI-WT · Form: SC 13D/A · Filed: Dec 6, 2024 · CIK: 1836981
Sentiment: neutral
Topics: ownership-change, sec-filing, schedule-13d
Related Tickers: BBAI
TL;DR
BBAI Ultimate Holdings just updated their BigBear.ai stake - big shareholder changes happening.
AI Summary
On December 6, 2024, BBAI Ultimate Holdings, LLC filed an amendment (Amendment No. 12) to its Schedule 13D for BigBear.ai Holdings, Inc. The filing indicates a change in beneficial ownership, with BBAI Ultimate Holdings, LLC now holding a significant stake in the company. This amendment follows previous filings and reflects ongoing changes in the ownership structure.
Why It Matters
This filing signals a potential shift in control or influence over BigBear.ai Holdings, Inc. by a major shareholder, which could impact the company's strategic direction and stock performance.
Risk Assessment
Risk Level: medium — Changes in major shareholder filings can indicate strategic shifts or potential activist involvement, introducing uncertainty.
Key Players & Entities
- BBAI Ultimate Holdings, LLC (company) — Filing entity and significant shareholder
- BigBear.ai Holdings, Inc. (company) — Subject company
- AEROEQUITY GP, LLC (company) — Group member
- DAVID H. ROWE (person) — Group member
- MICHAEL R. GREENE (person) — Group member
- PANGIAM ULTIMATE HOLDINGS, LLC (company) — Group member
FAQ
What is the primary purpose of this SC 13D/A filing?
The primary purpose is to report an amendment to the Schedule 13D, indicating a change in beneficial ownership of BigBear.ai Holdings, Inc. by BBAI Ultimate Holdings, LLC.
Who is the subject company in this filing?
The subject company is BigBear.ai Holdings, Inc.
Which entity is filing the amendment?
BBAI Ultimate Holdings, LLC is filing the amendment.
What is the CUSIP number for BigBear.ai Holdings, Inc. common stock?
The CUSIP number for BigBear.ai Holdings, Inc. common stock is 08975B109.
What was the former name of BigBear.ai Holdings, Inc. before its name change?
The former name of BigBear.ai Holdings, Inc. was GigCapital4, Inc., with the date of name change being December 17, 2020.
Filing Stats: 1,980 words · 8 min read · ~7 pages · Grade level 11.1 · Accepted 2024-12-06 16:05:49
Key Financial Figures
- $0.0001 — me of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securiti
- $2.50 — ple transactions at prices ranging from $2.50 to $2.99, inclusive. 4 The reported s
- $2 — actions at prices ranging from $2.50 to $2.99, inclusive. 4 The reported sales i
- $2.66 — ple transactions at prices ranging from $2.66 to $3.18, inclusive.
- $3 — actions at prices ranging from $2.66 to $3.18, inclusive.
Filing Documents
- d655934dsc13da.htm (SC 13D/A) — 91KB
- 0001193125-24-272443.txt ( ) — 93KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of each of the undersigneds knowledge and belief, each of the undersigned certify that the information set forth in this statement is true, complete and correct. Date: December 6, 2024 BBAI ULTIMATE HOLDINGS, LLC By: /s/ Jeffrey Hart Name: Jeffrey Hart Title: Vice President and Secretary AEROEQUITY GP, LLC By: /s/ Michael R. Greene Name: Michael R. Greene Title: Managing Member By: /s/ Michael R. Greene Name: Michael R. Greene By: /s/ David H. Rowe Name: David H. Rowe PANGIAM ULTIMATE HOLDINGS, LLC By: /s/ Bryan McElwee Name: Bryan McElwee Title: Vice President SCHEDULE A Transactions in the Shares Since the Filing of Amendment No. 11 Shares of Common Stock Purchased/Sold Price per Share ($)1 Date of Purchase/Sale 3,528,158 2 2.68 3 12/04/2024 4,775,664 4 2.96 5 12/05/2024 1 The prices reported in this column for sales of shares are weighted average prices. The Reporting Person undertakes to provide the Issuer and any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price such shares were sold. 2 The reported sales include 96,802 shares of Common Stock that were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 7, 2024. 3 These shares were sold in multiple transactions at prices ranging from $2.50 to $2.99, inclusive. 4 The reported sales include 2,406,895 shares of Common Stock that were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 7, 2024. 5 These shares were sold in multiple transactions at prices ranging from $2.66 to $3.18, inclusive.