4/A: Long Path Smaller Companies Fund Amends Filing on Silvercrest Asset Management Group Inc. (SAMG) Ownership

Long Path Smaller Companies Fund amended its SEC filing to include additional reporting persons related to its ownership stake in Silvercrest Asset Management Group Inc. (SAMG).

Summary

• Long Path Smaller Companies Fund, LP filed an amended Form 4/A with the SEC regarding its holdings in Silvercrest Asset Management Group Inc. (SAMG).
• The amendment adds Long Path Holdings LLC, William Thomas Brennan, and Brian Paul Nelson as reporting persons.
• These individuals and entities were previously disclosed as indirect beneficial owners in the original Form 4 filed on May 2, 2024.
• On April 30, 2024, the fund purchased 5,112 shares of Class A Common Stock at a weighted average price of $15.0501 per share.
• Following the transaction, the fund directly owns 940,798 shares of SAMG.
• The filing clarifies the relationships between the various Long Path entities and individuals involved in the fund's management and ownership.
• Each reporting person disclaims beneficial ownership of the reported securities except to the extent of its or his pecuniary interest therein.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Management Comments

• Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its or his pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership of publicly traded companies, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership structure of Silvercrest Asset Management Group Inc.

Key Dates