SCHEDULE: Lumina Entities Amend Schedule 13G Filing

Lumina Capital Management and affiliated funds have amended their Schedule 13G filing regarding AGI Inc. Class A common shares.

Summary

• This filing is an amendment to a Schedule 13G, indicating a change in beneficial ownership of AGI Inc. Class A common shares by Lumina Capital Management Ltda. and several affiliated Lumina Funds.
• The reporting persons collectively hold a significant stake in AGI Inc., with percentages ranging from 0.02% to 18.96% for individual entities.
• The total beneficial ownership reported by Lumina Capital Management Ltda. is 11,130,936.00 shares, representing 18.96% of the class.
• Other Lumina Funds also report beneficial ownership, with LCM Bigbang Fundo de Investimento em Participacoes Multiestrategia Responsabilidade Limitada holding 8,045,726 shares (13.71%).
• The filing confirms a joint filing agreement among the reporting persons, who are responsible for the accuracy of their own information but not that of others.
• The aggregate number of Class A common shares outstanding as of December 31, 2025, was reported as 58,700,711.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this filing as neutral to slightly negative due to its purely procedural nature and lack of substantive business or financial information, offering no positive indicators for AGI Inc.

Positives

• The reporting entities have formally entered into a joint filing agreement, ensuring coordinated disclosure.
• The filing provides a clear breakdown of share ownership percentages for each reporting entity, offering transparency.
• The aggregate number of outstanding shares is clearly stated, providing context for ownership percentages.

Negatives

• The filing does not contain any financial performance data or operational updates for AGI Inc., limiting insight into the company's health.
• No specific reasons are provided for the amendment, leaving the motivation for the filing unclear.

Risks

• The filing does not explicitly mention any risks associated with AGI Inc. or the reporting entities' investments.
• Potential risks could arise from the concentration of ownership by Lumina entities, though this is not detailed in the filing.

Future Outlook

This filing is an amendment to a Schedule 13G and does not contain forward-looking statements or guidance regarding AGI Inc.'s future performance.

Management Comments

• Each reporting person acknowledges responsibility for the timely filing of amendments and the completeness and accuracy of information concerning themselves, but not for information concerning other entities unless they have reason to believe it is inaccurate.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are typically made by institutional investors or other entities that acquire beneficial ownership of more than 5% of a class of a company's registered equity securities. This amendment indicates a potential shift in significant shareholding or a routine update by Lumina entities concerning their investment in AGI Inc.

Stakeholder Impact

• Shareholders of AGI Inc. may be interested in the significant ownership stake held by Lumina Capital Management and its affiliated funds, as it could influence corporate governance and strategic decisions.
• The filing provides transparency regarding the holdings of major institutional investors, which can be relevant for market analysis.

Next Steps

• The reporting persons will file subsequent amendments to Schedule 13G as necessary without the need for additional joint filing agreements.

Key Dates

Keywords

Schedule 13G, AGI Inc, Lumina Capital Management, Beneficial Ownership, Class A Common Shares, Joint Filing Agreement, SEC Filing, Amendment