STOCK TITAN

Hanna group details 42% Atlanticus (ATLC) ownership and pledges

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Atlanticus Holdings Corp's major holders, led by David G. Hanna, filed Amendment No. 6 to a Schedule 13D to update their ownership and recent activity. The amendment reports that Hanna beneficially owns 8,047,464 shares, or 42.1% of the common stock, including direct holdings and shares held through Dove Ventures, DKH Capital and Rainbow Trust.

The filing details small open-market sales by Hanna totaling 25,000 shares in late June and early July 2026, donations by DKH of 110,000 shares to a public charity, a 1,000‑share option exercise, and Hanna’s inheritance of 19,960 shares. It also reiterates the terms of Dove’s Series A Convertible Preferred Stock, which is convertible into common shares and carries a 6% cumulative dividend and a $100 per‑share liquidation preference.

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Beneficial ownership – David G. Hanna 8,047,464 shares (42.1%) Atlanticus common stock beneficially owned as of May 1, 2026 baseline
Shares outstanding 15,117,997 shares Atlanticus common stock outstanding as of May 1, 2026
Dove Ventures stake via Series A 4,000,000 shares (20.9%) Common shares underlying Series A Convertible Preferred Stock
DKH Capital stake 3,463,072 shares (22.9%) Atlanticus common stock held by DKH Capital, LLC
Rainbow Trust stake 325,000 shares (2.1%) Atlanticus common stock held by Bravo Two Company, Inc. as trustee
Preferred liquidation preference $100 per share Series A Convertible Preferred Stock liquidation preference
Preferred dividend rate 6% per year Cumulative, non-compounding dividend on Series A liquidation preference
Conversion price $10 per share Initial conversion price for Series A Convertible Preferred into common
Series A Cumulative Convertible Preferred Stock financial
"the Issuer agreed to issue Dove 400,000 shares of newly-created Series A Cumulative Convertible Preferred Stock"
A Series A cumulative convertible preferred stock is a special class of company shares that pays dividends that accumulate if not paid and can be converted into common shares at set terms. Think of it as a VIP ticket that guarantees backpay for missed perks and also gives the holder the option to swap into regular tickets later. For investors it matters because it offers higher priority for dividend and liquidation payments while also creating potential dilution of common shareholders if converted.
liquidation preference financial
"Per Share Liquidation Preference: $100."
A liquidation preference is a rule that determines who gets paid first and how much they receive when a company is sold, goes bankrupt, or distributes its assets. It gives certain investors a priority claim—often returning their original investment plus any agreed multiple—before other owners receive money, which shapes how much common shareholders and founders ultimately get; think of it as a front-of-the-line pass that affects payout order and investor returns.
pari passu financial
"ranks (i) senior in liquidation to all existing and future classes of the Issuer's common stock and (ii) pari passu or senior to all existing and future classes of preferred stock."
An instruction that different claims, securities, or creditors are treated equally and share rights or payments on the same priority level. For investors, it means their position will be paid or have voting power alongside others in the same class rather than being favored or subordinated—think of several people standing in one bus line who all get on together rather than some cutting ahead. That parity affects expected recovery in reorganizations, dividend order, and relative risk.
cumulative, non-compounding financial
"Dividends: 6% per year, cumulative, non-compounding, on the liquidation preference of $100."
Stockholders Agreement financial
"entered into a stockholders agreement (the Stockholders Agreement) pursuant to which the parties agreed that"
beneficial ownership financial
"Beneficial ownership is determined in accordance with the rules of the SEC, which deem a person to beneficially own any 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.
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04914Y102

(CUSIP Number)
David G. Hanna
Atlanticus Holdings Corporation, Five Concourse Parkway, Suite 300
Atlanta, GA, 30328
770-828-2000


Paul Davis Fancher
Troutman Pepper Locke LLP, 600 Peachtree Street N.E., Suite 3000
Atlanta, GA, 30308
404-885-3310

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
07/01/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 7, 9 and 11: Includes 259,392 shares of Atlanticus Holdings Corporation's (the Issuer) common stock held directly by David G. Hanna. Rows 8, 10 and 11: Includes (i) 4,000,000 shares of the Issuer's common stock underlying Series A Convertible Preferred Stock held by Dove Ventures, LLC (Dove), (ii) 3,463,072 shares of the Issuer's common stock held by DKH Capital, LLC (DKH) and (iii) 325,000 shares of the Issuer's common stock held by Bravo Two Company, Inc. as Trustee for Rainbow Trust Two Nevada (Rainbow Trust). David G. Hanna shares voting and dispositive power over the 4,000,000 shares of the Issuer's common stock underlying Series A Convertible Preferred Stock held by Dove with his brother Frank J. Hanna. The governing documents for DKH provide Kimberly M. Hanna with sole voting and dispositive power over the 3,463,072 shares of common stock held by DKH. Given Mr. Hanna's position as Executive Chairman of the Board of Directors of the Issuer, this Amendment No. 6 to Schedule 13D (this Amendment) attributes shared voting and dispositive power for these shares of common stock to David G. Hanna and Kimberly M. Hanna. Bravo Two Company, Inc. (Bravo) is the trustee for the Rainbow Trust. David G. Hanna is the President, Secretary, and Treasurer and the sole owner of Bravo. Row 11: Excludes 3,598,072 shares of the Issuer's common stock that have been pledged to an entity controlled by David G. Hanna (the Pledgee) to secure a loan to an entity controlled by Frank J. Hanna and members of Frank J. Hanna's immediate family. The pledge agreement, prior to default, does not grant to the Pledgee (i) the power to vote or to direct the vote of the pledged shares or (ii) the power to dispose or direct the disposition of the pledged shares. Row 13: Based on 15,117,997 shares of the Issuer's common stock outstanding as of May 1, 2026, as reported in the Issuer's Form 10-Q for the quarter ended March 31, 2026, filed with the Securities and Exchange Commission (the "SEC") on May 7, 2026. Beneficial ownership is determined in accordance with the rules of the SEC, which deem a person to beneficially own any shares of the Issuer's common stock the person has or shares voting or dispositive power over and any additional shares of the Issuer's common stock obtainable within 60 days through the conversion or exercise of preferred stock, options or other purchase rights. Shares of the Issuer's common stock subject to preferred stock, options or other purchase rights that are currently exercisable or are exercisable within 60 days of July 1, 2026 (including shares subject to restrictions that lapse within 60 days of July 1, 2026) are deemed outstanding for purposes of computing the percentage ownership of the person holding such preferred stock, options or other purchase rights, but are not deemed outstanding for purposes of computing the percentage ownership of any other person.


SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 8, 10 and 11: Includes 3,463,072 shares of the Issuer's common stock held by DKH. The governing documents for DKH provide Kimberly M. Hanna with sole voting and dispositive power over the 3,463,072 shares of common stock held by DKH. Given David G. Hanna's position as Executive Chairman of the Board of Directors of the Issuer, this Amendment attributes shared voting and dispositive power for these shares of common stock to David G. Hanna and Kimberly M. Hanna. Row 11: Excludes 3,598,072 shares of the Issuer's common stock that have been pledged to an entity controlled by David G. Hanna (the Pledgee) to secure a loan to an entity controlled by Frank J. Hanna and members of Frank J. Hanna's immediate family. The pledge agreement, prior to default, does not grant to the Pledgee (i) the power to vote or to direct the vote of the pledged shares or (ii) the power to dispose or direct the disposition of the pledged shares. Row 13: Based on 15,117,997 shares of the Issuer's common stock outstanding as of May 1, 2026, as reported in the Issuer's Form 10-Q for the quarter ended March 31, 2026, filed with the SEC on May 7, 2026. Beneficial ownership is determined in accordance with the rules of the SEC, which deem a person to beneficially own any shares of the Issuer's common stock the person has or shares voting or dispositive power over and any additional shares of the Issuer's common stock obtainable within 60 days through the conversion or exercise of preferred stock, options or other purchase rights. Shares of the Issuer's common stock subject to preferred stock, options or other purchase rights that are currently exercisable or are exercisable within 60 days of July 1, 2026 (including shares subject to restrictions that lapse within 60 days of July 1, 2026) are deemed outstanding for purposes of computing the percentage ownership of the person holding such preferred stock, options or other purchase rights, but are not deemed outstanding for purposes of computing the percentage ownership of any other person.


SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 8, 10 and 11: Includes 3,463,072 shares of the Issuer's common stock held by DKH. Row 13: Based on 15,117,997 shares of the Issuer's common stock outstanding as of May 1, 2026, as reported in the Issuer's Form 10-Q for the quarter ended March 31, 2026, filed with the SEC on May 7, 2026. Beneficial ownership is determined in accordance with the rules of the SEC, which deem a person to beneficially own any shares of the Issuer's common stock the person has or shares voting or dispositive power over and any additional shares of the Issuer's common stock obtainable within 60 days through the conversion or exercise of preferred stock, options or other purchase rights. Shares of the Issuer's common stock subject to preferred stock, options or other purchase rights that are currently exercisable or are exercisable within 60 days of July 1, 2026 (including shares subject to restrictions that lapse within 60 days of July 1, 2026) are deemed outstanding for purposes of computing the percentage ownership of the person holding such preferred stock, options or other purchase rights, but are not deemed outstanding for purposes of computing the percentage ownership of any other person.


SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 8, 10 and 11: Includes 4,000,000 shares of the Issuer's common stock underlying Series A Convertible Preferred Stock held by Dove. Row 13: Based on 15,117,997 shares of the Issuer's common stock outstanding as of May 1, 2026, as reported in the Issuer's Form 10-Q for the quarter ended March 31, 2026, filed with the SEC on May 7, 2026. Beneficial ownership is determined in accordance with the rules of the SEC, which deem a person to beneficially own any shares of the Issuer's common stock the person has or shares voting or dispositive power over and any additional shares of the Issuer's common stock obtainable within 60 days through the conversion or exercise of preferred stock, options or other purchase rights. Shares of the Issuer's common stock subject to preferred stock, options or other purchase rights that are currently exercisable or are exercisable within 60 days of July 1, 2026 (including shares subject to restrictions that lapse within 60 days of July 1, 2026) are deemed outstanding for purposes of computing the percentage ownership of the person holding such preferred stock, options or other purchase rights, but are not deemed outstanding for purposes of computing the percentage ownership of any other person.


SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 8, 10 and 11: Includes 325,000 shares of the Issuer's common stock held by Rainbow Trust. Row 13: Based on 15,117,997 shares of the Issuer's common stock outstanding as of May 1, 2026, as reported in the Issuer's Form 10-Q for the quarter ended March 31, 2026, filed with the SEC on May 7, 2026. Beneficial ownership is determined in accordance with the rules of the SEC, which deem a person to beneficially own any shares of the Issuer's common stock the person has or shares voting or dispositive power over and any additional shares of the Issuer's common stock obtainable within 60 days through the conversion or exercise of preferred stock, options or other purchase rights. Shares of the Issuer's common stock subject to preferred stock, options or other purchase rights that are currently exercisable or are exercisable within 60 days of July 1, 2026 (including shares subject to restrictions that lapse within 60 days of July 1, 2026) are deemed outstanding for purposes of computing the percentage ownership of the person holding such preferred stock, options or other purchase rights, but are not deemed outstanding for purposes of computing the percentage ownership of any other person.


SCHEDULE 13D


HANNA DAVID G
Signature:/s/ David G. Hanna
Name/Title:David G. Hanna
Date:07/06/2026
Kimberly M. Hanna
Signature:/s/ Kimberly M. Hanna
Name/Title:Kimberly M. Hanna
Date:07/06/2026
DKH Capital, LLC
Signature:/s/ Kimberly M. Hanna
Name/Title:Kimberly M. Hanna, Manager
Date:07/06/2026
Dove Ventures, LLC
Signature:/s/ Joshua C. Miller
Name/Title:Joshua C. Miller, Assistant Secretary of Bravo Two Company, Inc. as Manager of Dove Ventures, LLC
Date:07/06/2026
Bravo Two Company, Inc. as Trustee for Rainbow Trust Two Nevada
Signature:/s/ Joshua C. Miller
Name/Title:Joshua C. Miller, Assistant Secretary
Date:07/06/2026

FAQ

How much of Atlanticus Holdings Corp (ATLC) does David G. Hanna beneficially own?

David G. Hanna beneficially owns 8,047,464 Atlanticus common shares, representing 42.1% of the outstanding class. This total includes shares held directly and indirectly through Dove Ventures, DKH Capital and Bravo Two Company, Inc. as trustee for Rainbow Trust.

What recent share transactions are disclosed in this Atlanticus (ATLC) Schedule 13D/A?

The amendment reports that David G. Hanna sold 25,000 shares over June 29–July 1, 2026, DKH donated 110,000 shares to a public charity, Hanna exercised an option for 1,000 shares, and he inherited 19,960 shares in April 2025.

What are the key terms of Atlanticus (ATLC) Series A Convertible Preferred Stock held by Dove Ventures?

Dove holds Series A Convertible Preferred Stock with a $100 per share liquidation preference and a 6% annual cumulative, non-compounding dividend. Each preferred share is convertible into common stock at an initial $10 conversion price, subject to anti-dilution adjustments under specified conditions.

How many Atlanticus (ATLC) shares are outstanding for the ownership percentages in this filing?

Ownership percentages are based on 15,117,997 common shares outstanding as of May 1, 2026. That figure comes from Atlanticus’s Form 10-Q for the quarter ended March 31, 2026, which the amendment cites to calculate each reporting person’s percentage of the class.

What stakes do DKH Capital, Dove Ventures and Rainbow Trust hold in Atlanticus (ATLC)?

DKH Capital reports beneficial ownership of 3,463,072 shares (22.9%), Dove Ventures reports 4,000,000 shares underlying Series A preferred (20.9%), and Bravo Two Company, Inc. as trustee for Rainbow Trust reports 325,000 shares (2.1%) of Atlanticus common stock.

Are any Atlanticus (ATLC) shares pledged as collateral by the reporting persons?

Yes. The filing notes that 3,273,072 shares held by DKH are pledged to secure a loan to an entity controlled by Frank J. Hanna, and a separate 3,598,072 pledged shares are excluded from the reported beneficial ownership calculations under the pledge terms.