SCHEDULE 13D/A: BigBear.ai Holdings: Key Shareholders Update Beneficial Ownership to 11.2% and 10.9%
Beneficial Ownership Update
An amendment to a Schedule 13D filing reveals that key reporting persons, including Michael R. Greene, David H. Rowe, Aeroequity GP, LLC, and Pangiam Ultimate Holdings, LLC, have updated their beneficial ownership in BigBear.ai Holdings, Inc., holding 11.2% and 10.9% respectively.
Summary
- This document is Amendment No. 23 to the Schedule 13D filing for BigBear.ai Holdings, Inc. (f/k/a GigCapital4, Inc.), updating beneficial ownership information.
- Michael R. Greene and David H. Rowe collectively beneficially own 27,949,239 shares of Common Stock, representing 11.2% of the Issuer's outstanding Common Stock.
- Aeroequity GP, LLC and Pangiam Ultimate Holdings, LLC collectively beneficially own 27,435,552 shares of Common Stock, representing 10.9% of the Issuer's outstanding Common Stock.
- The calculation of percentages is based on 250,585,897 shares outstanding as of November 1, 2024, plus 10,969 shares from restricted stock units (RSUs) vested on January 31, 2025, and 10,971 shares from RSUs to vest on March 31, 2025, totaling 250,607,837 shares.
- Voting and dispositive power for the shares held by Pangiam and 513,687 Director Shares is exercised by Michael R. Greene and David H. Rowe.
- All transactions in Common Stock since the filing of Amendment No. 22 were effected in the open market, as detailed in Exhibit 2 (not provided in this excerpt).
Sentiment
Score: 5
Explanation: The document is a factual, routine regulatory filing (Schedule 13D Amendment) disclosing beneficial ownership. It contains no positive or negative forward-looking statements, financial performance updates, or strategic changes that would influence sentiment beyond a neutral disclosure.
Future Outlook
The document does not provide any forward-looking statements or guidance regarding the Issuer's business operations or financial performance, focusing solely on beneficial ownership disclosure.
Industry Context
This filing is a routine beneficial ownership disclosure (Schedule 13D amendment) and does not provide specific insights into broader industry trends or competitive dynamics for BigBear.ai Holdings, Inc. It primarily updates the public record on significant shareholder positions.
Stakeholder Impact
- Shareholders: Provides updated transparency on significant ownership stakes held by key individuals and entities, which can inform their understanding of the company's ownership structure.
Key Dates
| Date | Description |
|---|---|
| 2021-12-17 | Initial Schedule 13D filing date by the Reporting Persons. |
| 2023-04-06 | Filing date of Amendment No. 1 to Schedule 13D. |
| 2023-05-23 | Filing date of Amendment No. 2 to Schedule 13D. |
| 2023-06-15 | Filing date of Amendment No. 3 to Schedule 13D. |
| 2024-03-01 | Filing date of Amendment No. 4 to Schedule 13D. |
| 2024-03-18 | Filing date of Amendment No. 5 to Schedule 13D. |
| 2024-07-05 | Filing date of Amendment No. 6 to Schedule 13D. |
| 2024-10-31 | Filing date of Amendment No. 7 to Schedule 13D. |
| 2024-11-01 | Date as of which 250,585,897 shares of Common Stock were reported as issued and outstanding in the Issuer's Form 10-Q. |
| 2024-11-07 | Filing date of the Issuer's Quarterly Report on Form 10-Q. |
| 2024-11-13 | Filing date of Amendment No. 8 to Schedule 13D. |
| 2024-11-25 | Filing date of Amendment No. 9 to Schedule 13D. |
| 2024-11-27 | Filing date of Amendment No. 10 to Schedule 13D. |
| 2024-12-04 | Filing date of Amendment No. 11 to Schedule 13D. |
| 2024-12-06 | Filing date of Amendment No. 12 to Schedule 13D. |
| 2024-12-10 | Filing date of Amendment No. 13 to Schedule 13D. |
| 2024-12-12 | Filing date of Amendment No. 14 to Schedule 13D. |
| 2024-12-16 | Filing date of Amendment No. 15 to Schedule 13D. |
| 2024-12-18 | Filing date of Amendment No. 16 to Schedule 13D. |
| 2024-12-20 | Filing date of Amendment No. 17 to Schedule 13D. |
| 2024-12-30 | Filing date of Amendment No. 18 to Schedule 13D. |
| 2025-01-31 | Date when 10,969 shares of Common Stock from restricted stock units vested. |
| 2025-03-05 | Filing date of Amendment No. 19 to Schedule 13D and date of Joint Filing Agreement. |
| 2025-03-07 | Filing date of Amendment No. 20 to Schedule 13D. |
| 2025-03-11 | Filing date of Amendment No. 21 to Schedule 13D. |
| 2025-03-14 | Date of event which required the filing of this Amendment No. 23. |
| 2025-03-14 | Filing date of Amendment No. 22 to Schedule 13D. |
| 2025-03-18 | Signature date of Amendment No. 23 to Schedule 13D. |
| 2025-03-31 | Date when 10,971 shares of Common Stock from restricted stock units will vest. |
Keywords
BigBear.ai Holdings, Schedule 13D, Beneficial Ownership, Common Stock, SEC Filing, Shareholder Update, Michael R. Greene, David H. Rowe, Aeroequity GP, Pangiam Ultimate Holdings
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