SCHEDULE 13D/A: BigBear.ai Holdings: Key Investors Update Significant Ownership Stakes in Latest SEC Filing

BigBear.ai Holdings, Inc. has filed Amendment No. 22 to its Schedule 13D, detailing the updated beneficial ownership of key reporting persons, including Michael R. Greene, David H. Rowe, Aeroequity GP, LLC, and Pangiam Ultimate Holdings, LLC.

Summary

• This document is Amendment No. 22 to the Schedule 13D filing for BigBear.ai Holdings, Inc.'s Common Stock, updating previously reported beneficial ownership information.
• Michael R. Greene and David H. Rowe each report beneficial ownership of 35,480,472 shares of Common Stock, representing 14.2% of the Issuer's outstanding shares.
• Aeroequity GP, LLC and Pangiam Ultimate Holdings, LLC each report beneficial ownership of 34,966,785 shares of Common Stock, representing 14.0% of the Issuer's outstanding shares.
• The calculation of beneficial ownership percentages is based on 250,585,897 shares of Common Stock outstanding as of November 1, 2024, as reported in the Issuer's Form 10-Q, plus 10,969 shares from restricted stock units (RSUs) that vested on January 31, 2025, and an additional 10,971 shares from RSUs expected to vest on March 31, 2025.
• Pangiam Ultimate Holdings, LLC is the direct beneficial owner of 34,966,785 shares.
• Michael R. Greene and David H. Rowe exercise shared voting and dispositive power over the shares held by Pangiam and an additional 513,687 Director Shares.
• Kirk Michael Konert and Jeffrey Hart, Partners at AE Industrial Partners, LP, have agreed to assign any Director Shares granted to them in connection with their board service to AE Industrial Partners, LP.
• Exhibit 2, which is not provided in this excerpt, lists all transactions in the Common Stock since the filing of Amendment No. 21, noting that all such transactions were effected in the open market.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, providing no explicit positive or negative financial or operational news.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of beneficial ownership, common for significant shareholders of publicly traded companies. It does not provide broader industry trends or competitive analysis.

Related Party Transactions

• Kirk Michael Konert and Jeffrey Hart, Partners at AE Industrial Partners, LP, have agreed to assign, transfer, convey, and deliver to AE Industrial Partners, LP, any shares of Common Stock granted to them in connection with their service on the board of directors of the Issuer (the 'Director Shares').

Stakeholder Impact

• Primarily impacts shareholders by providing transparency on significant ownership stakes and control within BigBear.ai Holdings, Inc.

Key Dates

Keywords

BigBear.ai Holdings, Schedule 13D, Beneficial Ownership, Common Stock, SEC Filing, Shareholder, Pangiam Ultimate Holdings, Aeroequity GP, Michael R. Greene, David H. Rowe, Restricted Stock Units