JPMorgan Amends Axalta Stake Disclosure on Dec 29, 2023

TL;DR

**JPMorgan updated its Axalta ownership, signaling continued institutional interest.**

AI Summary

JPMorgan Chase & Co. filed an amended SC 13G/A on January 16, 2024, indicating a change in their beneficial ownership of Axalta Coating Systems Ltd. common shares as of December 29, 2023. This filing, an amendment to a previous disclosure, shows that JPMorgan Chase & Co. continues to hold a significant stake in Axalta, a company specializing in paints and coatings. This matters to investors because large institutional holdings by entities like JPMorgan can signal confidence in the company's future, potentially influencing stock stability and investor sentiment.

Why It Matters

This filing updates the public on JPMorgan Chase & Co.'s beneficial ownership in Axalta, providing transparency on institutional investment activity which can impact market perception.

Risk Assessment

Risk Level: low — This is a routine amendment to an ownership disclosure, not indicating any immediate negative or positive financial event.

Analyst Insight

Investors should note that a major institution like JPMorgan Chase & Co. continues to hold Axalta shares, which can be a sign of long-term stability, but this specific filing doesn't indicate a new buying or selling spree. It's an update to an existing position.

Key Numbers

• $1.00 — Par Value per Common Share (This is the stated par value of Axalta Coating Systems Ltd.'s common shares.)

Key Players & Entities

• JPMorgan Chase & Co. (company) — the entity filing the SC 13G/A, reporting beneficial ownership
• Axalta Coating Systems Ltd. (company) — the subject company whose common shares are being reported
• December 29, 2023 (date) — the date of the event requiring the filing
• January 16, 2024 (date) — the date the SC 13G/A was filed
• $1.00 (dollar_amount) — par value of Axalta Coating Systems Ltd. Common Shares

Forward-Looking Statements

• JPMorgan Chase & Co. will maintain a significant, but not controlling, stake in Axalta Coating Systems Ltd. in the near future. (JPMorgan Chase & Co.) — medium confidence, target: Q2 2024

FAQ

Key Financial Figures

• $1.00 — LTD. (Name of Issuer) Common Shares, $1.00 par value (Title of Class of Securiti

Filing Documents

• AXALTA_COATING_SYSTEMS_LTD.htm (SC 13G/A) — 86KB
• 0000019617-24-000072.txt ( ) — 88KB

From the Filing

SC 13G/A 1 AXALTA_COATING_SYSTEMS_LTD.htm FILING AXALTA COATING SYSTEMS LTD. Schedule 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 01 )* AXALTA COATING SYSTEMS LTD. (Name of Issuer) Common Shares, $1.00 par value (Title of Class of Securities) G0750C108 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: x Rule 13d-1(b) o Rule 13d-1(c) o Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. G0750C108 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) JPMORGAN CHASE & CO. 13-2624428 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) o (b) o 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 13,067,670 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 13,664,673 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 13,667,825 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.2 % 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) HC FOOTNOTES Item 1. (a) Name of Issuer AXALTA COATING SYSTEMS LTD. (b) Address of Issuer's Principal Executive Offices 50 Applied Bank Blvd, Suite 300, Glen Mills, Pennsylvania 19342 Item 2. (a) Name of Person Filing JPMORGAN CHASE & CO. (b) Address of Principal Business Office or, if none, Residence 383 Madison Avenue New York, NY 10179 (c) Citizenship Delaware (d) Title of Class of Securities Common Shares, $1.00 par value (e) CUSIP Number G0750C108 Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) o Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) o Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) o Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) o Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). (e) o An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) o An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) x A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) o A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) o A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) o A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J). (k) o A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 13,667,825 (b) Percent of class: 6.2 % (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 13,067,670 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 13,664,673 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o . Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not Applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company J.P. Morgan Trust Company of Delaware J.P. Morgan Securities LLC JPMorgan Ch