SCHEDULE 13G/A: Jefferies Discloses 3.8% Passive Stake in AdaptHealth Corp.
Beneficial Ownership Statement
Jefferies LLC and its parent, Jefferies Financial Group Inc., have reported a combined passive beneficial ownership of 3.8% in AdaptHealth Corp., primarily through common stock and exercisable call options.
Summary
- Jefferies LLC and Jefferies Financial Group Inc. (collectively, the "Reporting Persons") beneficially own a total of 5,098,755 shares of AdaptHealth Corp. Common Stock.
- This ownership represents approximately 3.8% of AdaptHealth Corp.'s outstanding Common Stock, based on 134,554,889 shares outstanding as of November 1, 2024.
- The beneficial ownership is comprised of 999,255 direct shares of Common Stock and 4,099,500 shares purchasable upon the exercise of 40,995 currently exercisable exchange-traded long call options, with each option exercisable for 100 shares.
- The Reporting Persons hold shared voting and shared dispositive power over all 5,098,755 beneficially owned shares.
- The filing is an Amendment No. 1 to Schedule 13G, indicating a passive investment, and certifies that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently convey positive or negative sentiment regarding the issuer's performance or prospects.
Future Outlook
NA
Industry Context
This filing is a standard disclosure of a passive ownership stake by a financial institution in a healthcare company. It does not provide specific insights into broader industry trends or competitive dynamics beyond the fact that Jefferies has an investment in AdaptHealth Corp., a provider of home medical equipment.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant passive ownership stake by Jefferies, a major financial entity.
Key Dates
| Date | Description |
|---|---|
| 2024-11-01 | Date as of which AdaptHealth Corp.'s outstanding shares (134,554,889) were reported in its Form 10-Q. |
| 2024-11-05 | Date AdaptHealth Corp. filed its Form 10-Q with the SEC. |
| 2024-12-31 | Date of event which requires filing of this statement (beneficial ownership snapshot date). |
| 2025-02-13 | Date the Schedule 13G/A was signed and filed with the SEC. |
Keywords
AdaptHealth Corp., Jefferies LLC, Jefferies Financial Group Inc., Beneficial Ownership, Schedule 13G, Common Stock, Call Options, Passive Investment, Healthcare, Medical Equipment
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