Caroline Beasley (NASDAQ: BBGI) updates 9.3% ownership in Beasley Broadcast Group
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13D/A
Rhea-AI Filing Summary
Caroline Beasley has amended her Schedule 13D to update her beneficial ownership in Beasley Broadcast Group, Inc. Class A Common Stock. She now beneficially owns 97,037 shares, representing 9.3% of the class based on 1,042,600 shares of Common Stock.
The total includes shares of Class B Common Stock that are convertible into Class A at a one-for-one ratio through several Beasley family trusts, along with shares held directly. The filing also reflects a 1-for-20 reverse stock split on September 23, 2024 and notes the June 30, 2026 vesting of 5,000 restricted stock units, of which 1,217 shares were withheld for taxes.
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Key Figures
Beneficial ownership: 97,037 shares
Ownership percentage: 9.3%
Total shares baseline: 1,042,600 shares
+5 more
8 metrics
Beneficial ownership
97,037 shares
Caroline Beasley’s total beneficial ownership of Beasley Class A Common Stock
Ownership percentage
9.3%
Percent of Beasley Class A Common Stock represented by 97,037 shares
Total shares baseline
1,042,600 shares
Shares of Common Stock used to calculate ownership percentage
Issuer outstanding common
984,014 shares
Common Stock outstanding as disclosed by the issuer
Convertible Class B held
58,586 shares
Class B Common Stock assumed converted one-for-one into Common Stock
RSU vesting
5,000 shares
Shares acquired on June 30, 2026 upon vesting of restricted stock units
Tax withholding shares
1,217 shares
Shares withheld to cover taxes on RSU vesting
Reverse split ratio
1-for-20
Reverse stock split effective September 23, 2024 reflected in share counts
Key Terms
beneficially owns, Class B Common Stock, reverse stock split, restricted stock units, +1 more
5 terms
beneficially owns financial
"The Reporting Person beneficially owns 97,037 shares of the Issuer's Common Stock"
Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.
Class B Common Stock financial
"24,788 shares of Class B Common Stock, which are convertible into shares of Common Stock"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
reverse stock split financial
"The amount of shares reported herein reflects a 1-for-20 reverse stock split"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
restricted stock units financial
"the Reporting Person acquired 5,000 shares of Common Stock upon the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Schedule 13D regulatory
"amends and supplements the Statement on filed by Caroline Beasley"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
FAQ
What percentage of Beasley Broadcast Group (BBGI) does Caroline Beasley control?
Caroline Beasley reports beneficial ownership of 9.3% of Beasley Broadcast Group’s Class A Common Stock. This percentage is calculated based on 1,042,600 shares of Common Stock outstanding, including assumed conversion of Class B shares she beneficially owns.
What recent equity award activity did Caroline Beasley report for BBGI?
On June 30, 2026, Caroline Beasley acquired 5,000 shares of Beasley Broadcast Group Common Stock upon vesting of restricted stock units. Of these vested shares, 1,217 shares were withheld to satisfy tax obligations associated with the vesting event.
How was the 9.3% ownership figure for BBGI calculated in this filing?
The 9.3% figure is based on 1,042,600 shares of Common Stock, combining 984,014 shares disclosed as outstanding by the issuer and 58,586 shares of Common Stock assumed from conversion of the Class B shares beneficially owned by Caroline Beasley.
Did the Beasley Broadcast Group (BBGI) reverse stock split affect the reported ownership?
Yes. The reported 97,037-share beneficial ownership reflects a 1-for-20 reverse stock split that occurred on September 23, 2024. All share amounts in the filing incorporate the adjusted figures following this reverse split.