SCHEDULE: Baird Entities Report Minimal Aqua Metals Stake
Beneficial Ownership Report
Robert W. Baird & Co. and its affiliates have filed an amended Schedule 13G, disclosing a 0.0% beneficial ownership in Aqua Metals, Inc.
Summary
- Robert W. Baird & Co. Incorporated, Baird Financial Corporation, and Baird Financial Group, Inc. (collectively, "Baird Reporting Units") have filed an Amendment No. 1 to Schedule 13G.
- The filing pertains to Common Stock of Aqua Metals, Inc. (CUSIP: 03837J309).
- The Baird Reporting Units collectively beneficially own 550 shares of Aqua Metals, Inc. Common Stock.
- This represents 0.0% of the class, calculated based on 8,290,601 shares outstanding as of March 18, 2025, as reported by the Issuer.
- The reporting persons have shared voting power and shared dispositive power over all 550 shares.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, routine regulatory disclosure of a very small, passive ownership stake by institutional entities, with no material implications for the issuer's operations or strategic direction.
Risks
- The filing explicitly states that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer, nor in connection with any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 240.14a-11.
Industry Context
StockSavvy.ai notes that Schedule 13G filings are routine disclosures for institutional investors holding less than 5% of a company's stock, indicating a passive investment intent. This filing shows a minimal, non-strategic stake by the Baird entities, which is typical for a broad-based financial services firm managing client assets.
Stakeholder Impact
- Shareholders: The filing indicates a very minor, passive institutional ownership, which is unlikely to have any significant impact on existing shareholders or the company's governance.
Key Dates
| Date | Description |
|---|---|
| 03/18/2025 | Date on which the Issuer reported 8,290,601 shares of Common Stock outstanding in its Annual Report on Form 10-K for the year ended December 31, 2024. |
| 12/31/2025 | Date of event which requires the filing of this statement. |
| 02/06/2026 | Signature date of the Schedule 13G Amendment No. 1. |
Keywords
Aqua Metals, AMET, Schedule 13G, beneficial ownership, Robert W. Baird, institutional ownership, common stock
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