Interactive Brokers Amends UP Fintech Holding Stake Filing

TL;DR

IBKR filed an update on its UP Fintech stake. Details TBD.

AI Summary

Interactive Brokers Group, Inc. filed an amendment (No. 1) to its Schedule 13D on October 10, 2024, regarding its holdings in UP Fintech Holding Ltd. The filing indicates a change in the reporting person's beneficial ownership, though specific new ownership percentages or dollar amounts are not detailed in this excerpt. The filing pertains to UP Fintech Holding Ltd's American Depository Shares and Class A ordinary shares.

Why It Matters

This amendment signals a potential shift in the ownership structure or strategy of UP Fintech Holding Ltd, which could impact its market position and investor relations.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often indicate significant changes in beneficial ownership, which can lead to increased volatility or strategic shifts for the subject company.

Key Players & Entities

• Interactive Brokers Group, Inc. (company) — Reporting Person
• UP Fintech Holding Ltd (company) — Subject Company
• American Depository Shares (security) — Class of Securities Held
• Class A ordinary shares (security) — Class of Securities Held

FAQ

Key Financial Figures

• $0.00001 — s Class A ordinary shares, par value US$0.00001 per share* * Not for trading but only
• $9.68 — can depository shares Sale 1,955,550 $9.68 10/9/2024 American depository shares
• $8.43 — can depository shares Sale 3,069,794 $8.43

Filing Documents

• ibkr-13da_20241010.htm (SC 13D/A) — 148KB
• 0001381197-24-000131.txt ( ) — 150KB

Identity and Background

Item 2. Identity and Background The First paragraph of Item 2 is hereby amended and restated to read as follows: (a) - (c) and (f). This statement is filed jointly by IB Global Investments LLC ("IBGI"), IBG LLC, Interactive Brokers Group, Inc., IBG Holdings LLC, IBKR Member Holdings LLC, the Thomas Peterffy 2018 Revocable Trust and Thomas Peterffy (the "Reporting Persons"). IBGI is a Delaware limited liability company and its principal business is to make investments. IBGI is wholly owned, directly and indirectly, by IBG LLC, a Connecticut limited liability company. IBG LLC acts as a holding company and service provider to members of the Interactive Brokers Group of companies. Interactive Brokers Group, Inc., a Delaware corporation listed on the Nasdaq Global Select Market under the ticker symbol (IBKR), acts as the managing member and holds all of the voting interests in IBG LLC. Interactive Brokers Group, Inc. acts as a holding company for its interests in IBG LLC. IBG Holdings LLC, a Delaware limited lability company, owns 100 Class B common shares of Interactive Brokers Group, Inc. The Class B shares entitle IBG Holdings LLC to 74.2% of the outstanding voting rights in Interactive Brokers Group, Inc. It also owns shares in non-voting shares in IBG LLC. IBG Holdings LLC acts as a holding company for its interests in Interactive Brokers Group, Inc. and IBG LLC. IBKR Member Holdings LLC, a Delaware limited liability company, owns 100% of the outstanding voting rights in IBG Holdings LLC. IBKR Member Holdings LLC acts as a holding company for its interests in IBG Holdings LLC. Thomas Peterffy, as trustee of the Thomas Peterffy 2018 Revocable Trust, owns 100% of the outstanding voting rights in IBKR Member Holdings LLC. The Thomas Peterffy 2018 Revocable Trust is a personal estate planning vehicle and Mr. Thomas Peterffy, a citizen of the United States, is the Chairman of Interactive Brokers Group, Inc. The principal business address of all business entities

Purpose of Transaction

Item 4. Purpose of Transaction

is hereby supplemented by adding the following paragraph

Item 4 is hereby supplemented by adding the following paragraph: IBGI sold beneficial ownership of the Class A ordinary shares, held through ADSs to which this Schedule relates, for capital and diversification reasons. As a result of this transaction, IBGI's ownership in the Company fell below the 5% threshold and will not file future amendments unless the required to do so.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer Paragraph (c) of Item 5 is hereby supplemented by adding the following language: (c) The transactions in the Common Shares effected within the past sixty days by IBGI, which were all open market transactions, are set forth in Schedule A, and are incorporated herein by reference . 8

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of its knowledge and belief, the undersigned certify that the information set forth in this Statement is true, complete and correct. Dated: October 10, 2024 IB GLOBAL INVESTMENTS LLC IBG LLC INTERACTIVE BROKERS GROUP, INC. IBG HOLDINGS LLC IBKR MEMBER HOLDINGS LLC THE THOMAS PETERFFY 2018 REVOCABLE TRUST By: /s/ Thomas Peterffy Name: Thomas Peterffy Title: Duly Authorized Dated: October 10, 2024 /s/ Thomas Peterffy Thomas Peterffy Schedule A This schedule sets forth the information with respect to the sale of American depository shares which were effectuated buy IBGI in the past sixty days. Date Security Transaction Amount Weighted average price ($) 10/8/2024 American depository shares Sale 1,955,550 $9.68 10/9/2024 American depository shares Sale 3,069,794 $8.43

View Full Filing

View this SC 13D/A filing on SEC EDGAR