Form 4: Koch Industries Reports Change in Beneficial Ownership of Getty Images Holdings, Inc.

Sentiment:

SEC Form 4 Filing


Koch Industries, LLC no longer has beneficial ownership of Getty Images Holdings, Inc. shares due to an internal reorganization effective August 1, 2024.

Summary

  • Koch Industries, LLC (KII) reported a change in beneficial ownership of Getty Images Holdings, Inc. shares.
  • Effective August 1, 2024, KII ceased to own equity interests in Koch Icon Investments, LLC (Koch Icon) due to an internal reorganization.
  • Koch, Inc. became the indirect ultimate parent company of both Koch Icon and KII.
  • KII no longer has beneficial ownership of any shares of Getty Images Holdings, Inc. held by Koch Icon.
  • KII will no longer be deemed a 'director by deputization' of Getty Images Holdings, Inc. due to Koch Icon's designation of Michal Harris and Brett Wilson to the Issuer's board of directors.

Sentiment

Score: 6

Explanation: The document describes a neutral event (internal reorganization) with no clear positive or negative implications for Getty Images' financial performance.

Industry Context

This filing reflects internal restructuring within Koch Industries and its impact on ownership stakes in portfolio companies like Getty Images. Such reorganizations are common and often driven by strategic or tax considerations.

Stakeholder Impact

  • The reorganization may have a minor impact on shareholders as it clarifies the ownership structure.
  • The change does not appear to directly impact employees, customers, suppliers, or creditors.

Key Dates

DateDescription
08/01/2024Effective date of the internal reorganization where Koch Industries, LLC ceased to own equity interests in Koch Icon Investments, LLC.
08/02/2024Date of signature for the SEC Form 4 filing.

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