SCHEDULE 13D/A: Key Investors Maintain Significant Stake in BigBear.ai Holdings, Inc. with Latest 13D Amendment
Schedule 13D Amendment
An Amendment No. 21 to Schedule 13D reveals that Michael R. Greene, David H. Rowe, Aeroequity GP, LLC, and Pangiam Ultimate Holdings, LLC collectively maintain a substantial beneficial ownership of BigBear.ai Holdings, Inc. common stock.
Summary
- This document is Amendment No. 21 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 each beneficially own 40,817,417 shares of Common Stock, representing 16.3% of the outstanding shares.
- Aeroequity GP, LLC and Pangiam Ultimate Holdings, LLC each beneficially own 40,303,730 shares of Common Stock, representing 16.1% of the outstanding shares.
- The calculation of ownership percentages is based on 250,585,897 shares outstanding as of November 1, 2024, plus 10,969 shares that vested on January 31, 2025, and 10,971 shares expected to vest on March 31, 2025.
- Pangiam Ultimate Holdings, LLC is the direct beneficial owner of 40,303,730 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.
- All transactions in Common Stock since the filing of Amendment No. 20 were effected in the open market, as detailed in Exhibit 2 (not provided in this document).
Sentiment
Score: 5
Explanation: The document is a factual, routine amendment to a Schedule 13D, reporting beneficial ownership. It contains no explicit positive or negative news, nor does it indicate any strategic shifts or financial performance. The sentiment is neutral.
Future Outlook
The document does not provide forward-looking statements or guidance regarding the company's operations or financial performance, focusing solely on beneficial ownership updates.
Industry Context
This filing is a routine update of beneficial ownership, common for significant shareholders in publicly traded companies. It does not provide specific industry context or trends beyond the ownership structure of BigBear.ai Holdings, Inc., a company operating in the AI and government contracting sectors.
Stakeholder Impact
- Shareholders: The filing confirms the continued significant ownership stake of key investors, which may provide stability or signal continued interest from these parties. The assignment of Director Shares to AE Industrial Partners, LP, indicates a consolidation of control or alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 2021-12-17 | Initial Schedule 13D filed by Reporting Persons. |
| 2023-04-06 | Amendment No. 1 to Schedule 13D filed. |
| 2023-05-23 | Amendment No. 2 to Schedule 13D filed. |
| 2023-06-15 | Amendment No. 3 to Schedule 13D filed. |
| 2024-03-01 | Amendment No. 4 to Schedule 13D filed. |
| 2024-03-18 | Amendment No. 5 to Schedule 13D filed. |
| 2024-07-05 | Amendment No. 6 to Schedule 13D filed. |
| 2024-10-31 | Amendment No. 7 to Schedule 13D filed. |
| 2024-11-01 | Date as of which 250,585,897 shares of Common Stock were reported outstanding in the Issuer's Form 10-Q. |
| 2024-11-07 | Date of filing of Issuer's Quarterly Report on Form 10-Q with the SEC. |
| 2024-11-13 | Amendment No. 8 to Schedule 13D filed. |
| 2024-11-25 | Amendment No. 9 to Schedule 13D filed. |
| 2024-11-27 | Amendment No. 10 to Schedule 13D filed. |
| 2024-12-04 | Amendment No. 11 to Schedule 13D filed. |
| 2024-12-06 | Amendment No. 12 to Schedule 13D filed. |
| 2024-12-10 | Amendment No. 13 to Schedule 13D filed. |
| 2024-12-12 | Amendment No. 14 to Schedule 13D filed. |
| 2024-12-16 | Amendment No. 15 to Schedule 13D filed. |
| 2024-12-18 | Amendment No. 16 to Schedule 13D filed. |
| 2024-12-20 | Amendment No. 17 to Schedule 13D filed. |
| 2024-12-30 | Amendment No. 18 to Schedule 13D filed. |
| 2025-01-31 | 10,969 shares of Common Stock issued in respect of restricted stock units vested. |
| 2025-03-05 | Amendment No. 19 to Schedule 13D filed; Joint Filing Agreement among Reporting Persons dated. |
| 2025-03-07 | Date of event which requires filing of this statement; Amendment No. 20 to Schedule 13D filed. |
| 2025-03-11 | Date of signing for Amendment No. 21 by Michael R. Greene, David H. Rowe, Aeroequity GP, LLC, and Pangiam Ultimate Holdings, LLC. |
| 2025-03-31 | 10,971 shares of Common Stock expected to be issued in respect of restricted stock units that will vest. |
Keywords
BigBear.ai Holdings, Schedule 13D, Beneficial Ownership, Common Stock, SEC Filing, Michael R. Greene, David H. Rowe, Aeroequity GP, Pangiam Ultimate Holdings, Institutional Ownership, AI, Government Contracting
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