Bank of America (AD) holds 3.06M shares of Array Digital Infrastructure (5.7%)
Rhea-AI Filing Summary
Array Digital Infrastructure, Inc. reports that Bank of America Corporation beneficially owns 3,064,796 shares of Common Stock, representing 5.7% of the class.
The filing states the ownership figures rely on 53,437,000 outstanding shares as of March 31, 2026 (per the issuer's Form 10-Q). Bank of America reports shared voting power of 3,063,421 and shared dispositive power of 3,064,796, filed on behalf of several wholly owned subsidiaries.
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Insights
Bank of America holds a notable passive stake of 5.7% disclosed via Schedule 13G.
The filing shows 3,064,796 shares beneficially owned, calculated from an outstanding share base of 53,437,000 as of March 31, 2026. Ownership is reported with predominantly shared voting and dispositive powers across Bank of America and subsidiaries.
Because this is a Schedule 13G, the position is presented as passive. Future Form 13D/13G amendments or Forms 3/4 would be required to signal active changes in intent or control.
Filing attributes holdings to the parent and specific broker/dealer and bank subsidiaries.
The statement lists BofA Securities, Inc., Bank of America N.A., Merrill Lynch International, and Merrill Lynch Pierce Fenner & Smith, Inc. as entities on whose behalf the parent filed. The schedule clarifies classification and subsidiary involvement under applicable rules.
Investor implications depend on whether the stake remains passive; amendments would disclose any shift from passive to active intent.