SCHEDULE: Ross Beaty Exits 5% Stake in Equinox Gold
Beneficial Ownership Amendment
Ross Beaty and Kestrel Holdings Ltd. have filed an exit amendment to their Schedule 13D, reporting a beneficial ownership of 3.5% in Equinox Gold Corp. following share dilution.
Summary
- Ross Beaty and Kestrel Holdings Ltd. filed Amendment No. 4 to their Schedule 13D regarding Equinox Gold Corp.
- As of January 15, 2026, Ross Beaty's beneficial ownership in Equinox Gold Corp. is 27,156,292 Common Shares.
- This ownership represents 3.5% of the total outstanding Common Shares, calculated based on 784,878,779 shares.
- The shares are comprised of 23,988,890 Common Shares held directly by Ross Beaty, 102,402 Common Shares from restricted stock units (RSUs), and 3,065,000 Common Shares held by Kestrel Holdings Ltd., a company wholly-owned and controlled by Ross Beaty.
- Ross Beaty ceased to be a beneficial owner of more than five percent of the class of securities due to the dilution of Equinox Gold Corp.'s shares.
- This filing serves as the final amendment to the Schedule 13D and constitutes an exit filing for the reporting persons.
Sentiment
Score: 5
Explanation: Neutral. The filing is a factual report of a change in beneficial ownership due to dilution, which is a routine regulatory event. It does not inherently convey positive or negative sentiment about the company's performance or prospects.
Future Outlook
NA
Industry Context
This filing primarily concerns an individual's ownership stake and reporting obligations within the gold mining sector, rather than broader industry trends. It indicates a change in a significant individual investor's reporting status in Equinox Gold Corp.
Related Party Transactions
- Kestrel Holdings Ltd. is a limited company wholly-owned and controlled by Ross Beaty, making its holdings a related party transaction in the context of Ross Beaty's overall beneficial ownership.
Stakeholder Impact
- Shareholders: May note the reduced percentage ownership of a prominent founder/investor, Ross Beaty, which could be interpreted in various ways, though his absolute share count remains substantial.
- Regulatory Authorities: This filing fulfills the reporting obligations for Ross Beaty and Kestrel Holdings Ltd. as their beneficial ownership falls below the 5% threshold.
Next Steps
- This statement represents the final amendment to the Schedule 13D and constitutes an exit filing for the Reporting Persons, meaning no further Schedule 13D amendments are required from Ross Beaty or Kestrel Holdings Ltd. unless their ownership again crosses the 5% threshold.
Key Dates
| Date | Description |
|---|---|
| 2020-03-17 | Original Schedule 13D filing date. |
| 2021-04-07 | Amendment No. 1 filing date. |
| 2024-04-26 | Amendment No. 2 filing date. |
| 2025-01-14 | Amendment No. 3 filing date. |
| 2025-11-05 | Date as of which the Issuer reported 784,776,377 Common Shares outstanding. |
| 2026-01-15 | Date of event requiring this filing; Ross Beaty ceased to be a beneficial owner of more than five percent of the class of securities due to dilution. |
Keywords
Equinox Gold Corp., Ross Beaty, Kestrel Holdings Ltd., Schedule 13D, Beneficial Ownership, Share Dilution, Common Shares, SEC Filing, Exit Filing, Gold Mining
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