[SCHEDULE 13D/A] Amneal Pharmaceuticals, Inc. SEC Filing
Chirag K. Patel reports beneficial ownership of 22,180,421 shares of Amneal Pharmaceuticals Class A common stock, representing 7.1% of the class based on 314,079,309 shares outstanding. Of that total, Mr. Patel directly owns 857,980 shares and holds options for 24,977 and 28,044 shares; trusts he controls hold 21,269,420 shares. The filing states no transactions in the past 60 days and shows sole voting and dispositive power over the reported shares.
The filing also discloses an Omnibus Amendment to the Margin Loan Agreement and Pledge and Security Agreement dated August 6, 2025, which increases the collateral pledged to 19,000,000 shares and extends the loan maturity to April 29, 2028. The amended Pledge and Security Agreement is filed as an exhibit.
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Insights
TL;DR: A 7.1% disclosed stake with a loan amendment that extends maturity; large pledged collateral reduces unencumbered holdings.
The reporting shows Mr. Patel as a significant holder with 22.18M shares (7.1%). Direct ownership is small relative to total beneficial ownership, with most shares held in trusts. The amendment extending the margin loan to April 29, 2028 provides financing runway, while the increase of pledged collateral to 19M shares materially changes the security posture of his position. This disclosure is meaningful for shareholder base calculations, voting influence and free float analysis.
TL;DR: Increasing pledged collateral to 19M shares raises counterparty and encumbrance risk for a material 7.1% position.
The Omnibus Amendment increasing pledged collateral to 19,000,000 shares is a notable risk indicator: a substantial portion of reported beneficial holdings are encumbered under a margin facility. While the maturity extension to April 29, 2028 reduces near-term refinancing pressure, the concentration of beneficial ownership in trusts and the scale of pledged shares could create downside risk to unencumbered supply and investor liquidity if enforcement or additional borrowing events occur.