TCW Group (NASDAQ: ARAY) discloses large Accuray warrant positions
Rhea-AI Filing Summary
TCW Group Inc., a greater-than-10% owner of Accuray Inc. (ARAY), reported indirect holdings of multiple warrants to purchase common stock. These positions include warrants exercisable at $1.25 per share for 1,034,592 underlying shares and an additional 77,469 shares, and warrants at $1.50 for 1,448,429 and 108,457 underlying shares, each generally expiring in 2032. TCW-related entities also hold low-priced warrants at $0.01 and others at $1.68 per share with expirations in 2032, all reported as indirect ownership. A footnote explains that the warrants are held of record by TCW Rescue Financing Fund II LP and West Virginia Direct Lending LLC, and TCW disclaims beneficial ownership beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
10 transactions reported
Mixed
10 txns
Insider
TCW GROUP INC
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Warrant to Purchase Common Stock | -- | -- | -- |
| holding | Warrant to Purchase Common Stock | -- | -- | -- |
| holding | Warrant to Purchase Common Stock | -- | -- | -- |
| holding | Warrant to Purchase Common Stock | -- | -- | -- |
| holding | Warrant to Purchase Common Stock | -- | -- | -- |
| holding | Warrant to Purchase Common Stock | -- | -- | -- |
| holding | Warrant to Purchase Common Stock | -- | -- | -- |
| holding | Warrant to Purchase Common Stock | -- | -- | -- |
| holding | Warrant to Purchase Common Stock | -- | -- | -- |
| holding | Warrant to Purchase Common Stock | -- | -- | -- |
Holdings After Transaction:
Warrant to Purchase Common Stock — 15,467,952 shares (Indirect, See footnote)
Footnotes (1)
- F1. The TCW Group, Inc. ("TCW") is filing this Form 3 on behalf of itself and its direct and indirect subsidiaries, which collectively constituted TCW business unit (the "TCW Business Unit") TCW Rescue Financing Fund II LP and West Virginia Direct Lending LLC (the "Holders"), which both are a part of the TCW Business Unit, are the respective record holders of the warrants reported herein. As such, TCW may be deemed to have or share beneficial ownership of the shares issuable upon exercise held directly by the Holders. TCW disclaims any beneficial ownership of securities held by the Holders other than to the extent of any pecuniary interest it may have therein, directly or indirectly.
Key Figures
Warrants at $1.25: 1,034,592 underlying shares
Additional $1.25 warrants: 77,469 underlying shares
Warrants at $1.50: 1,448,429 underlying shares
+3 more
6 metrics
Warrants at $1.25
1,034,592 underlying shares
Exercise price $1.25; expiration 2032-12-15; indirect holding
Additional $1.25 warrants
77,469 underlying shares
Exercise price $1.25; expiration 2032-12-15; indirect holding
Warrants at $1.50
1,448,429 underlying shares
Exercise price $1.50; expiration 2032-12-15; indirect holding
Additional $1.50 warrants
108,457 underlying shares
Exercise price $1.50; expiration 2032-12-15; indirect holding
Low-priced $0.01 warrants
2,954,592 underlying shares
Exercise price $0.01; expiration 2032-06-06; indirect holding
Large $1.68 warrant block
8,125,127 underlying shares
Exercise price $1.68; expiration 2032-06-06; indirect holding
Key Terms
Warrant to Purchase Common Stock, beneficial ownership, pecuniary interest, indirect ownership
4 terms
Warrant to Purchase Common Stock financial
"reported indirect holdings of multiple warrants to purchase common stock"
beneficial ownership financial
"may be deemed to have or share beneficial ownership of the shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims any beneficial ownership of securities held by the Holders other than to the extent of any pecuniary interest"
indirect ownership financial
"all reported as indirect ownership through entities in the TCW Business Unit"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does TCW Group report in this Form 3 for Accuray (ARAY)?
TCW Group reports indirect holdings of several warrants to purchase Accuray common stock. These warrants give the right to acquire millions of shares at exercise prices ranging from $0.01 to $1.68 per share, with expirations generally in 2032, but no new trades are shown.
What low-priced Accuray (ARAY) warrants does TCW indirectly hold?
TCW-related entities indirectly hold several low-priced Accuray warrants exercisable at $0.01 per share. These include positions over 827,000 shares, about 61,975 shares, roughly 2,954,592 shares, and about 221,237 shares, each series expiring in 2032 according to the reported data.
When do TCW’s Accuray warrant positions expire?
The reported Accuray warrant positions held by TCW-related entities generally expire in 2032. Some series show expiration dates of June 6, 2032, while others show December 15, 2032, giving long-dated optionality on Accuray common stock if exercised.
Who actually holds the Accuray warrants associated with TCW Group?
The warrants are held of record by TCW Rescue Financing Fund II LP and West Virginia Direct Lending LLC, which are part of TCW’s business unit. TCW may be deemed to share beneficial ownership but disclaims beneficial ownership beyond any pecuniary interest it may have.