SCHEDULE: Green Frog Investments Discloses 5% Stake in Jack in the Box

Green Frog Investments Inc. and Giotto Leonardo Clovis Gravier de Filippi have disclosed a 5% beneficial ownership stake in Jack in the Box Inc., totaling 945,000 common shares.

Summary

• Green Frog Investments Inc. and Giotto Leonardo Clovis Gravier de Filippi are the reporting persons.
• Beneficial ownership of 945,000 shares of Jack in the Box Inc. Common Stock has been disclosed.
• This stake represents 5% of the class, calculated based on 18,882,516 shares outstanding as of July 30, 2025.
• Giotto Leonardo Clovis Gravier de Filippi serves as the President of the Board of Directors of Green Frog Investments Inc.
• Green Frog Investments Inc. is wholly owned by The Yakima Trust, a trust organized under the laws of New Zealand.
• The securities were acquired and are held for passive investment purposes, not for changing or influencing the control of the issuer.

Sentiment

Score: 7

Explanation: The disclosure of a significant passive stake by an investment entity is generally viewed positively as it signals investor confidence in the company's value and future prospects, without indicating an intent to disrupt current management.

Positives

• A significant 5% stake in Jack in the Box Inc. has been disclosed by Green Frog Investments Inc. and its President, Giotto Leonardo Clovis Gravier de Filippi, indicating a notable investment interest.
• The filing explicitly states that the securities were not acquired for the purpose of changing or influencing control, suggesting a passive investment intent which may reduce concerns about potential activist disruptions.

Negatives

• No explicit negative information is contained within this Schedule 13G filing, as it primarily serves to disclose beneficial ownership.

Risks

• The filing certifies that the securities were not acquired for the purpose of or with the effect of changing or influencing the control of the issuer, mitigating potential activist investor risks that could arise from a significant stake.

Future Outlook

No forward-looking statements or guidance regarding Jack in the Box Inc.'s operations or financial performance are provided in this beneficial ownership disclosure.

Management Comments

• Giotto Leonardo Clovis Gravier de Filippi, President of the Board of Directors of Green Frog Investments Inc., certified that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer, nor in connection with any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11.

Industry Context

This disclosure of a significant stake in a major fast-food chain like Jack in the Box Inc. highlights continued investor interest in the quick-service restaurant sector, which often attracts both passive and activist investments due to its stable cash flows and brand recognition.

Comparison to Industry Standards

• This filing is a standard beneficial ownership disclosure (Schedule 13G) and does not contain information for direct comparison to industry-specific operational or financial benchmarks of comparable companies or projects.

Stakeholder Impact

• Shareholders may perceive increased investor confidence in Jack in the Box Inc. due to a significant stake taken by an investment entity.
• Company management will be aware of a new significant passive shareholder, which typically does not imply immediate operational changes but warrants monitoring.

Next Steps

• The reporting persons will file amendments to this Schedule 13G if there are material changes to their beneficial ownership or investment intent.

Key Dates

Recommendation

The filing indicates a new significant passive investor has taken a 5% stake in Jack in the Box Inc., which can be interpreted as a vote of confidence in the company's valuation and long-term prospects. However, as a Schedule 13G, it does not provide operational or financial performance updates that would warrant a stronger recommendation. Investors should hold and monitor future company performance and any further disclosures from this investor.

Keywords

Jack in the Box, Beneficial Ownership, Schedule 13G, Green Frog Investments, Giotto Leonardo Clovis Gravier de Filippi, Common Stock, Restaurant Industry, Fast Food