Cruden Maintains 9.17% Stake in PetVivo Holdings
Ticker: PETVW · Form: SC 13D · Filed: Jan 22, 2024 · CIK: 1512922
| Field | Detail |
|---|---|
| Company | Petvivo Holdings, Inc. (PETVW) |
| Form Type | SC 13D |
| Filed Date | Jan 22, 2024 |
| Risk Level | medium |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: insider-ownership, shareholder-update, beneficial-ownership
TL;DR
**Cruden still owns 9.17% of PetVivo, a big chunk with sole control.**
AI Summary
Stanley C. Cruden, a U.S. citizen, reported an updated beneficial ownership of 1,331,090 shares of PetVivo Holdings Inc. common stock as of January 22, 2024. This represents 9.17% of the company's outstanding shares, giving him sole voting and dispositive power over these shares. This matters to investors because a significant individual shareholder maintaining a large stake can signal confidence in the company's future, but also means a large block of shares could be sold, impacting the stock price.
Why It Matters
A major individual shareholder's continued significant stake can influence company direction and stock stability, as their actions (buying or selling) can move the market.
Risk Assessment
Risk Level: medium — While a large insider stake can be a positive signal, the concentration of sole voting and dispositive power in one individual presents a moderate risk if their interests diverge from other shareholders.
Analyst Insight
Investors should note the stability of this significant insider ownership, which could be a positive signal, but also be aware of the potential impact if this large block of shares were to be sold in the future.
Key Numbers
- 1,331,090 — Shares Beneficially Owned (Stanley C. Cruden's total ownership in PetVivo Holdings Inc.)
- 9.17% — Percent of Class (The proportion of PetVivo Holdings Inc. common stock owned by Stanley C. Cruden.)
Key Players & Entities
- Stanley C. Cruden (person) — reporting person, beneficial owner of shares
- PetVivo Holdings, Inc. (company) — issuer of the securities
- 1,331,090 (dollar_amount) — number of shares beneficially owned
- 9.17% (dollar_amount) — percentage of class represented by aggregate amount beneficially owned
Forward-Looking Statements
- Stanley C. Cruden will maintain a significant ownership stake in PetVivo Holdings Inc. (Stanley C. Cruden) — medium confidence, target: Next 6-12 months
FAQ
Who is the reporting person in this SC 13D filing?
The reporting person is Stanley C. Cruden, a U.S. citizen residing at 1135 Calgary Rd, North Port, FL 34288, as stated in Item 2(a) and (b) of the filing.
What is the total number of shares of PetVivo Holdings Inc. common stock beneficially owned by Stanley C. Cruden?
Stanley C. Cruden beneficially owns 1,331,090 shares of PetVivo Holdings Inc. common stock, as detailed in Item 4(a) and the 'Aggregate Amount Beneficially Owned' section.
What percentage of PetVivo Holdings Inc.'s common stock does Stanley C. Cruden own?
Stanley C. Cruden owns 9.17% of the class of PetVivo Holdings Inc. common stock, as indicated in Item 4(b) and the 'Percent of Class Represented by Aggregate Amount Beneficially Owned' section.
Does Stanley C. Cruden have sole or shared voting power over his shares?
Stanley C. Cruden has sole voting power over all 1,331,090 shares he beneficially owns, with zero shared voting power, as specified in Item 4(c)(i) and (ii).
When was the event date that required this SC 13D filing?
The date of the event which required the filing of this statement was January 22, 2024, as noted on the cover page of the filing.
Filing Details
This Form SC 13D (Form SC 13D) was filed with the SEC on January 22, 2024 by Stanley C. Cruden regarding PetVivo Holdings, Inc. (PETVW).