SCHEDULE 13D/A: Key Shareholders Reduce Stake in BigBear.ai Holdings, Inc. Below 5%
Beneficial Ownership Amendment
An amendment to a Schedule 13D filing reveals that Michael R. Greene, David H. Rowe, and related entities have ceased to beneficially own more than 5% of BigBear.ai Holdings, Inc.'s common stock as of April 8, 2025.
Summary
- This document is Amendment No. 25 to the Schedule 13D filing for BigBear.ai Holdings, Inc. (f/k/a GigCapital4, Inc.).
- The filing reports changes in beneficial ownership for Michael R. Greene, David H. Rowe, Aeroequity GP, LLC, and Pangiam Ultimate Holdings, LLC.
- Effective April 8, 2025, Pangiam Ultimate Holdings, LLC and Aeroequity GP, LLC ceased to beneficially own any outstanding shares of Common Stock of the Issuer.
- Also effective April 8, 2025, Michael R. Greene and David H. Rowe ceased to beneficially own more than five percent of the outstanding shares of Common Stock of the Issuer.
- Michael R. Greene and David H. Rowe collectively retain shared voting and dispositive power over 513,687 Director Shares, which represents 0.2% of the class.
- The calculation of percentage ownership is based on 289,006,948 shares outstanding as of March 21, 2025, plus 10,971 shares from restricted stock units set to vest on March 31, 2025.
Sentiment
Score: 5
Explanation: The document is a factual, compliance-driven update regarding changes in beneficial ownership, indicating a neutral sentiment as it reports a change in stake rather than operational performance or strategic shifts.
Stakeholder Impact
- Shareholders: The filing indicates that certain reporting persons, including Michael R. Greene and David H. Rowe, no longer hold a beneficial ownership stake exceeding 5%, which may be interpreted as a reduction in their significant influence over the company.
Key Dates
| Date | Description |
|---|---|
| 2021-12-17 | Initial Schedule 13D filing date by the Reporting Persons. |
| 2025-03-21 | Date as of which 289,006,948 shares of Common Stock were issued and outstanding, as reported in the Issuer's Form 10-K. |
| 2025-03-25 | Date of Issuer's Annual Report on Form 10-K filing with the SEC. |
| 2025-03-27 | Filing date of Amendment No. 24 to Schedule 13D. |
| 2025-03-31 | Date 10,971 shares of Common Stock from restricted stock units are set to vest. |
| 2025-04-08 | Date Pangiam Ultimate Holdings, LLC and Aeroequity GP, LLC ceased beneficial ownership, and Michael R. Greene and David H. Rowe ceased to beneficially own more than 5% of outstanding shares. |
| 2025-04-10 | Filing date of this Amendment No. 25 to Schedule 13D. |
Keywords
BigBear.ai Holdings Inc., Schedule 13D, Beneficial Ownership, Common Stock, Michael R. Greene, David H. Rowe, Aeroequity GP LLC, Pangiam Ultimate Holdings LLC, SEC Filing, Ownership Change, Institutional Investors
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