Form 4: Pangiam Ultimate Holdings Sells 27.4 Million Shares of BigBear.ai Holdings at $2.86
SEC Form 4
Pangiam Ultimate Holdings, along with several affiliated entities and individuals, reported the sale of 27,430,402 shares of BigBear.ai Holdings, Inc. common stock at a price of $2.86 per share on April 8, 2025.
Summary
- On April 8, 2025, Pangiam Ultimate Holdings, LLC sold 27,430,402 shares of BigBear.ai Holdings, Inc. common stock.
- The sale price was $2.86 per share.
- Following the transaction, Pangiam Ultimate Holdings still beneficially owns 197,614 shares indirectly.
- The reporting persons include Pangiam Ultimate Holdings, LLC, AE Industrial Partners Fund II GP, LP, AE Industrial Partners Fund II, LP, AE Industrial Partners Fund II-A, LP, AE Industrial Partners Fund II-B, LP, BBAI Ultimate Holdings, LLC, Michael Robert Greene, David H. Rowe, and AeroEquity GP, LLC.
- These entities and individuals may be deemed to have beneficial ownership due to their relationships with Pangiam Ultimate Holdings and BBAI Ultimate Holdings.
- Michael R. Greene and David H. Rowe exercise voting and dispositive power over the shares held by BBAI Ultimate Holdings, LLC and Pangiam Ultimate Holdings, LLC.
- AE Industrial Partners and each AE Party may be considered a director of the issuer by deputization.
Sentiment
Score: 4
Explanation: The sentiment is neutral to slightly negative. A large sale of shares by a significant holder can sometimes be interpreted negatively by the market, but without further context, it's difficult to assess the full impact.
Industry Context
Sales of shares by major holders are a common occurrence, but the size of this sale could indicate a shift in investment strategy or portfolio rebalancing by AE Industrial Partners.
Key Dates
| Date | Description |
|---|---|
| 04/08/2025 | Date of the transaction: Sale of 27,430,402 shares of common stock. |
| 04/09/2025 | Date of the signature on the report. |
Keywords
BigBear.ai Holdings, BBAI, Pangiam Ultimate Holdings, AE Industrial Partners, share sale, Form 4, beneficial ownership, securities transaction
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