SCHEDULE 13G/A: Flat Footed LLC and Marc Andersen Disclose 5.7% Stake in Brookdale Senior Living
Beneficial Ownership Report
Flat Footed LLC and Marc Andersen have reported a 5.7% beneficial ownership stake in Brookdale Senior Living Inc., holding 11,401,757 shares of common stock as of December 31, 2024.
Summary
- Flat Footed LLC and Marc Andersen jointly reported beneficial ownership of 11,401,757 shares of Brookdale Senior Living Inc. common stock.
- This ownership represents 5.7% of Brookdale Senior Living Inc.'s outstanding common stock.
- The percentage of class is calculated based on 199,212,529 shares of common stock outstanding as of November 5, 2024, as reported by the Issuer in its Form 10-Q filed on November 7, 2024.
- Both Flat Footed LLC, an investment adviser, and Marc Andersen, as its Managing Member, possess shared voting and shared dispositive power over these 11,401,757 shares.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: This is a routine beneficial ownership disclosure (Schedule 13G Amendment No. 2) and does not contain information that would typically indicate positive or negative sentiment regarding the company's performance or outlook. It simply reports a change in ownership percentage.
Future Outlook
This document is a beneficial ownership report (Schedule 13G) and does not contain any forward-looking statements or guidance regarding the issuer's future outlook.
Industry Context
This filing is a routine disclosure of a significant ownership stake by an investment entity in a publicly traded company within the senior living sector. It does not provide broader industry trends or competitive analysis.
Stakeholder Impact
- Shareholders: Disclosure of a significant ownership stake by an investment adviser and individual, which can be interpreted as a vote of confidence or strategic interest in the company by these investors.
Key Dates
| Date | Description |
|---|---|
| 11/05/2024 | Date as of which 199,212,529 shares of Brookdale Senior Living Inc. common stock were outstanding, used for percentage calculation. |
| 12/31/2024 | Date of event which required the filing of this statement. |
| 02/14/2025 | Date the Schedule 13G Amendment No. 2 was signed and filed. |
Keywords
Brookdale Senior Living, Flat Footed LLC, Marc Andersen, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, Senior Living
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