John F. Nelson Takes 5.85% Passive Stake in Research Frontiers Inc.
Ticker: REFR · Form: SC 13G · Filed: Jan 24, 2024 · CIK: 793524
| Field | Detail |
|---|---|
| Company | Research Frontiers Inc (REFR) |
| Form Type | SC 13G |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: insider-ownership, passive-investment, shareholder-update
TL;DR
**John F. Nelson just disclosed a 5.85% passive stake in Research Frontiers (REFR).**
AI Summary
John F. Nelson, an individual from Wisconsin, has reported beneficial ownership of 1,960,911 common shares of Research Frontiers Incorporated (NASDAQ: REFR), representing 5.85518% of the company's outstanding shares. This filing, an SC 13G, indicates a passive investment, meaning Nelson does not intend to influence or control the company's management or policies. This matters to investors because a significant stake by an individual investor can signal confidence in the company's future, but the passive nature means no immediate strategic changes are expected.
Why It Matters
This filing reveals a new significant individual shareholder, John F. Nelson, holding over 5% of Research Frontiers, which can be a positive signal of investor confidence, though his passive role suggests no immediate operational impact.
Risk Assessment
Risk Level: low — This is a passive filing, indicating no intent to control the company, thus posing minimal immediate risk to current operations or stock stability.
Analyst Insight
A smart investor would note this significant individual stake as a potential long-term vote of confidence, but recognize that the passive nature of the filing means no immediate strategic changes or activist pressure are expected. Further research into Research Frontiers' fundamentals and Nelson's investment history would be prudent.
Key Numbers
- 1,960,911 — Shares Beneficially Owned (Total common shares of Research Frontiers Inc. held by John F. Nelson)
- 5.85518% — Percent of Class (Percentage of Research Frontiers Inc. common shares owned by John F. Nelson)
- 10/17/2023 — Date of Event (The date when the ownership threshold requiring this filing was met)
- 20240124 — Filed As Of Date (The date the SC 13G filing was officially submitted to the SEC)
Key Players & Entities
- John F. Nelson (person) — Reporting Person, beneficial owner of shares
- Research Frontiers Incorporated (company) — Issuer of the securities
- Morgan Stephen L. (person) — Filed by (likely an attorney or agent for Nelson)
- Wisconsin, United States (company) — Citizenship or Place of Organization for John F. Nelson
- Woodbury, NY (company) — Business address of Research Frontiers Inc.
Forward-Looking Statements
- John F. Nelson will maintain a passive investment stance in Research Frontiers Incorporated for the foreseeable future. (John F. Nelson) — high confidence, target: 12/31/2024
- Research Frontiers Incorporated's stock price will not experience significant volatility directly due to this passive filing. (Research Frontiers Incorporated) — medium confidence, target: 03/31/2024
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person in this SC 13G filing is John F. Nelson, whose citizenship or place of organization is listed as Wisconsin, United States.
What is the total number of shares beneficially owned by John F. Nelson in Research Frontiers Incorporated?
John F. Nelson beneficially owns 1,960,911 common shares of Research Frontiers Incorporated, as stated in row 9 of the filing.
What percentage of Research Frontiers Incorporated's common shares does John F. Nelson now own?
John F. Nelson owns 5.85518% of the class of securities, based on the issuer's 10-K of March 9, 2023, as indicated in row 11 of the filing.
What was the date of the event that triggered this SC 13G filing?
The date of the event which required the filing of this statement was October 17, 2023, as specified on the cover page of the filing.
What type of reporting person is John F. Nelson according to this filing?
According to row 12 of the filing, John F. Nelson is an 'IN', which stands for Individual, indicating he is an individual investor.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 24, 2024 by John F. Nelson regarding RESEARCH FRONTIERS INC (REFR).