SCHEDULE: X-Energy Beneficial Ownership Update Filed

Kamal Seyed Ghaffarian and X-Energy Holdings, LLC report significant beneficial ownership stakes in X-Energy, Inc. Class A Common Stock as of June 30, 2026.

Summary

• Kamal Seyed Ghaffarian and X-Energy Holdings, LLC have filed a Schedule 13G detailing their beneficial ownership of X-Energy, Inc. Class A Common Stock.
• As of June 30, 2026, Kamal Seyed Ghaffarian beneficially owns 92,871,109 shares, representing 25.0% of the class.
• X-Energy Holdings, LLC beneficially owns 79,033,595 shares, representing 21.8% of the class.
• The filing assumes the redemption of common units of X-Energy Reactor Company, LLC into Class A Common Stock on a one-to-one basis.
• The reporting persons disclaim beneficial ownership of securities held by certain entities, despite having voting or dispositive power.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this filing as neutral to slightly positive, primarily reflecting a routine disclosure of beneficial ownership rather than new strategic or financial performance information.

Positives

• Clear disclosure of significant ownership stakes by key individuals and entities, providing transparency to the market.
• The filing confirms substantial holdings by Kamal Seyed Ghaffarian and X-Energy Holdings, LLC, indicating continued commitment to X-Energy, Inc.

Negatives

• The filing does not contain new financial performance data or strategic updates, limiting its immediate impact on investment decisions.

Risks

• Potential for future changes in beneficial ownership that could impact stock price and control dynamics.
• The disclaimer of beneficial ownership for certain securities, despite shared voting/dispositive power, could lead to future scrutiny or clarification needs.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding future financial performance or strategic direction.

Management Comments

• Kamal Seyed Ghaffarian disclaims beneficial ownership of securities held by certain entities, despite having voting or dispositive power over them.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are standard disclosures for significant beneficial ownership changes or thresholds being met. This filing indicates substantial, ongoing investment and control by key individuals and entities within X-Energy, Inc., which is typical for companies in the energy sector where founder or major investor influence can be significant.

Related Party Transactions

• The filing details ownership structures involving entities like GM Enterprises, LLC, IBX Opportunity GP, Inc., X-energy KG Parent, LLC, IBX Employee Management, LLC, IBX X-Energy SPV I, LLC, Lightcone X-Energy Series D SPV LLC, and IBX, LLC, which may represent related party dealings or affiliations.

Stakeholder Impact

• Shareholders: Increased transparency regarding major ownership stakes can influence investor confidence and perceptions of control.
• Management: Reinforces the influence of Kamal Seyed Ghaffarian and X-Energy Holdings, LLC on corporate decisions.

Next Steps

• Monitor future SEC filings for any changes in beneficial ownership or strategic disclosures from X-Energy, Inc.

Key Dates

Keywords

beneficial ownership, Schedule 13G, X-Energy, Inc., Kamal Seyed Ghaffarian, X-Energy Holdings, LLC, Class A Common Stock, common units, X-Energy Reactor Company, LLC