Jan K. Smeets Holds 4.91% Stake in PrimeEnergy Resources Corp

TL;DR

**Jan K. Smeets owns 4.91% of PrimeEnergy, just under the 5% activist trigger.**

AI Summary

Jan K. Smeets, a significant shareholder in PrimeEnergy Resources Corporation, filed an Amendment No. 3 to his Schedule 13D on January 24, 2024. This filing indicates that Smeets beneficially owns 89,398 shares of PrimeEnergy's Common Stock, representing 4.91% of the company's outstanding shares. This percentage is based on 1,820,576 shares outstanding as of November 13, 2023. This matters to investors because Smeets's ownership is just below the 5% threshold that often triggers more detailed disclosure requirements for activist investors, suggesting he is a substantial, but not necessarily activist, holder.

Why It Matters

This filing updates Jan K. Smeets's ownership stake, providing transparency on a significant individual shareholder's position in PrimeEnergy Resources Corporation.

Risk Assessment

Risk Level: low — This filing is an update to an existing Schedule 13D, indicating a stable, non-activist ownership position, which generally presents low risk.

Analyst Insight

Investors should note Jan K. Smeets's stable, significant, but non-activist stake, which suggests confidence in current management without pushing for immediate changes. This filing provides transparency but doesn't signal an imminent catalyst.

Key Numbers

• 89,398 — Shares owned by Jan K. Smeets (Represents the total number of shares Jan K. Smeets beneficially owns in PrimeEnergy Resources Corporation.)
• 4.91% — Percentage of class owned (This is the percentage of PrimeEnergy's Common Stock owned by Jan K. Smeets, based on 1,820,576 shares outstanding.)
• 1,820,576 — Total shares outstanding (This figure, as of November 13, 2023, is used to calculate Jan K. Smeets's percentage ownership.)

Key Players & Entities

• Jan K. Smeets (person) — Reporting Person and beneficial owner of PrimeEnergy Resources Corporation shares
• PrimeEnergy Resources Corporation (company) — Issuer of the Common Stock
• 89,398 (dollar_amount) — number of shares beneficially owned by Jan K. Smeets
• 4.91% (dollar_amount) — percentage of class represented by Jan K. Smeets's ownership
• 1,820,576 (dollar_amount) — total shares of Common Stock outstanding as of November 13, 2023
• January 24, 2024 (date) — Date of Event which Requires Filing of this Statement

Forward-Looking Statements

• Jan K. Smeets will maintain his ownership stake below the 5% threshold, avoiding more stringent reporting requirements. (Jan K. Smeets) — high confidence, target: Next 6-12 months
• No immediate activist actions or significant changes in company strategy will be initiated by Jan K. Smeets based on this filing. (PrimeEnergy Resources Corporation) — high confidence, target: Next 3-6 months

FAQ

Key Financial Figures

• $0.10 — tion (Name of Issuer) Common Stock, $0.10 par value (Title of Class of Securiti
• $102.99 — e Per Share Sale January 8, 2024 1 $102.99 Sale January 10, 2024 100 $100.00
• $100.00 — $102.99 Sale January 10, 2024 100 $100.00 Sale January 10, 2024 1 $102.99 Sa
• $99.50 — 6 $100.00 Sale January 23, 2024 71 $99.50 Sale January 23, 2024 29 $99.50 Sa
• $99.45 — 9 $99.50 Sale January 24, 2024 100 $99.45 Sale January 24, 2024 5,000 $95.00
• $95.00 — $99.45 Sale January 24, 2024 5,000 $95.00 All transactions listed in the table a

Filing Documents

• jks20240125_sc13da.htm (SC 13D/A) — 60KB
• 0001437749-24-002201.txt ( ) — 61KB

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement as of January 25, 2024. By: /s/ Jan K. Smeets Jan K. Smeets

View Full Filing

View this SC 13D/A filing on SEC EDGAR