Mission Produce Insider Barnard Holds 1.6M Shares

TL;DR

**Insider Stephen Barnard still owns 1.6M shares of Mission Produce, showing strong conviction.**

AI Summary

Stephen J. Barnard, a key figure at Mission Produce, Inc., filed an amended SC 13G/A on January 22, 2024, disclosing his beneficial ownership of 1,602,177 shares of the company's common stock as of December 31, 2023. This filing indicates a significant ownership stake by an insider, which can signal confidence in the company's future. For investors, this means a major insider maintains a substantial position, potentially aligning his interests with long-term shareholder value.

Why It Matters

When an insider like Stephen J. Barnard holds a large number of shares, it often suggests they believe the company's stock will perform well, aligning their personal wealth with the company's success.

Risk Assessment

Risk Level: low — This filing indicates a stable, significant insider ownership, which generally reduces perceived risk as it aligns management's interests with shareholders.

Analyst Insight

A smart investor would view this significant insider ownership as a positive signal, suggesting confidence in Mission Produce's long-term prospects, and might consider it a factor in their investment decision.

Key Numbers

• 1,602,177 — Shares Beneficially Owned (Stephen J. Barnard's sole voting power shares in Mission Produce, Inc. as of December 31, 2023)
• December 31, 2023 — Date of Event (The date that required the filing of this statement, indicating the snapshot of ownership)
• January 22, 2024 — Filing Date (The date the SC 13G/A amendment was filed with the SEC)

Key Players & Entities

• Stephen J. Barnard (person) — Reporting Person, beneficial owner of Mission Produce, Inc. shares
• Mission Produce, Inc. (company) — Subject Company, issuer of the common stock
• $0.001 (dollar_amount) — par value per share of Mission Produce, Inc. Common Stock
• United States (company) — Citizenship of Stephen J. Barnard

Forward-Looking Statements

• Stephen J. Barnard will maintain a significant ownership stake in Mission Produce, Inc. (Stephen J. Barnard) — high confidence, target: December 31, 2024

FAQ

Key Financial Figures

• $0.001 — _____________ Common Stock, par value $0.001 per share (Title of Class of Securitie

Filing Documents

• sjbschedule13g1222024.htm (SC 13G/A) — 41KB
• 0001802974-24-000009.txt ( ) — 42KB

(a) Name of Issuer

Item 1. (a) Name of Issuer Mission Produce, Inc. (b) Address of Issuer's Principal Executive Offices 2710 Camino Del Sol Oxnard, CA 93030

(a) Name of Person Filing

Item 2. (a) Name of Person Filing Stephen J. Barnard (b) Address or Principal Business Office or, if none, Residence 2710 Camino Del Sol Oxnard, CA 93030 (c) Citizenship or Place of Organization U.S.A (d) Title of Class of Securities Common (e) CUSIP Number 60510V108

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

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 Not applicable.

Ownership

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 5,374,219 (b) Percent of class 7.6% (3) (c) Number of shares as to which such person has (i) Sole power to vote or to direct the vote 1,602,177 (1) (ii) Shared power to vote or to direct the vote 3,772,042 (2) (iii) Sole power to dispose or to direct the disposition of 1,602,177 (1) (iv) Shared power to dispose or to direct the disposition of 3,772,042 (2) (1) Represents (i) 16,720 shares of common stock, (ii) 55,687 restricted stock units held by Mr. Barnard that vest within 60 days of 12312023, and (iii) 1,529,770 shares of common stock subject to options held by Mr. Barnard that are exercisable within 60 days of 12312023. (2) Represents (A) 50,062 shares held of record by the Barnard Properties, LLC, (B) 1,842,890 shares of common stock held of record by the Shelly R. Barnard GT Trust, (C) 1,842,890 shares of common stock held of record by the Stephen J. Barnard GT Trust, and (D) 36,200 shares held of record by the Barnard Family Trust. Mr. Barnard and his spouse have shared power to vote and US-DOCS138600393.2 dispose the shares held by these entities, and each disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest therein. (3) Based on 70,729,717 outstanding shares of common stock as of 12312023, plus the 1,529,770 shares subject to options that are exercisable within 60 days of 12312023 and the 55,687 restricted stock units that are subject to vesting within 60 days of 12312023.

Ownership of Less of a Class

Item 5. Ownership of Less of a Class Not applicable.

Ownership of More Than Five Percent on Behalf of Another Person

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 or Control Person Not applicable.

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group Not applicable.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group Not applicable.

Certifications

Item 10. Certifications Not applicable. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated January 16, 2024 Stephen J. Barnard s Stephen J. Barnard US-DOCS138600393.2

View Full Filing

View this SC 13G/A filing on SEC EDGAR