BBAI Ultimate Holdings Amends BigBear.ai Stake
Ticker: BBAI-WT · Form: SC 13D/A · Filed: Dec 10, 2024 · CIK: 1836981
Sentiment: neutral
Topics: ownership-change, sec-filing, schedule-13d
Related Tickers: BBAI
TL;DR
BBAI Ultimate Holdings just updated their stake in BigBear.ai - big shareholder changes incoming.
AI Summary
On December 10, 2024, BBAI Ultimate Holdings, LLC filed an amendment (No. 13) to its Schedule 13D regarding 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. The specific number of shares and percentage of ownership are detailed within the filing.
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 beneficial ownership filings can indicate activist investor activity or significant strategic shifts, introducing uncertainty.
Key Players & Entities
- BBAI Ultimate Holdings, LLC (company) — Filing entity
- 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 specific changes in beneficial ownership are reported in this amendment?
The filing is an amendment (No. 13) to Schedule 13D, indicating a change in beneficial ownership by BBAI Ultimate Holdings, LLC concerning BigBear.ai Holdings, Inc. Specific details on the number of shares and percentage of ownership are within the full document.
Who are the group members listed in this filing?
The group members listed are AEROEQUITY GP, LLC, DAVID H. ROWE, MICHAEL R. GREENE, and PANGIAM ULTIMATE HOLDINGS, LLC.
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 company name of BigBear.ai Holdings, Inc.?
The former company name of BigBear.ai Holdings, Inc. was GigCapital4, Inc., with a name change date of December 17, 2020.
What is the business address and phone number for BigBear.ai Holdings, Inc.?
The business address for BigBear.ai Holdings, Inc. is 6811 Benjamin Franklin Drive, Suite 200, Columbia, MD 21046, and the business phone number is (410) 967-0335.
Filing Stats: 1,984 words · 8 min read · ~7 pages · Grade level 11 · Accepted 2024-12-10 16:15:32
Key Financial Figures
- $0.0001 — me of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securiti
- $3.10 — ple transactions at prices ranging from $3.10 to $3.61, inclusive. 4 The reported s
- $3 — actions at prices ranging from $3.10 to $3.61, inclusive. 4 The reported sales o
- $3.55 — ple transactions at prices ranging from $3.55 to $4.49, inclusive.
- $4 — actions at prices ranging from $3.55 to $4.49, inclusive.
Filing Documents
- d883801dsc13da.htm (SC 13D/A) — 91KB
- 0001193125-24-274348.txt ( ) — 93KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of each of the undersigneds knowledge and belief, each of the undersigned certify that the information set forth in this statement is true, complete and correct. Date: December 10, 2024 BBAI ULTIMATE HOLDINGS, LLC By: /s/ Jeffrey Hart Name: Jeffrey Hart Title: Vice President and Secretary AEROEQUITY GP, LLC By: /s/ Michael R. Greene Name: Michael R. Greene Title: Managing Member By: /s/ Michael R. Greene Name: Michael R. Greene By: /s/ David H. Rowe Name: David H. Rowe PANGIAM ULTIMATE HOLDINGS, LLC By: /s/ Bryan McElwee Name: Bryan McElwee Title: Vice President SCHEDULE A Transactions in the Shares Since the Filing of Amendment No. 12 Shares of Common Stock Purchased/Sold Price per Share ($)1 Date of Purchase/Sale 6,328,238 2 3.39 3 12/06/2024 9,003,424 4 3.93 5 12/09/2024 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 of shares of Common Stock 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 $3.10 to $3.61, inclusive. 4 The reported sales of shares of Common Stock 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 $3.55 to $4.49, inclusive.