Beta Technologies (BETA) discloses FMR LLC 15% passive ownership stake
Rhea-AI Filing Summary
Beta Technologies Inc disclosed that investment manager FMR LLC has a significant passive stake in the company. FMR LLC reports beneficial ownership of 32,967,610 shares of Beta Technologies Class A common stock, representing 15.0% of the class, with sole voting and dispositive power over these shares.
Abigail P. Johnson is reported as a separate filing person with sole dispositive power over the same 32,967,610 shares and no voting power, reflecting her control position over FMR LLC. The filing states that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Beta Technologies, consistent with a passive institutional ownership position.
Positive
- None.
Negative
- None.
Insights
FMR LLC discloses a passive 15% stake in Beta Technologies.
FMR LLC reports beneficial ownership of 32,967,610 Class A shares of Beta Technologies Inc, equal to
Abigail P. Johnson is listed with sole dispositive power over the same 32,967,610 shares and no voting power, aligning with her role as the ultimate control person of FMR. The filing notes that other underlying investors may receive dividends or sale proceeds, but none individually exceeds
The certification states the position is held in the ordinary course of business and not with the purpose or effect of changing or influencing control of Beta Technologies. This aligns with a Schedule 13G passive institutional ownership filing, and any future changes in percentage or intent would typically appear in subsequent ownership reports.
FAQ
What percentage of Beta Technologies Inc (BETA) does FMR LLC own?
FMR LLC reports beneficial ownership of 32,967,610 shares of Beta Technologies Inc Class A common stock, representing 15.0% of the class.
How many Beta Technologies (BETA) shares does Abigail P. Johnson report as beneficially owned?
Abigail P. Johnson reports beneficial ownership of 32,967,610 Beta Technologies Class A shares, with sole dispositive power and no voting power over those shares.
Is FMR LLC’s stake in Beta Technologies (BETA) reported as passive or for control purposes?
The certification states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Beta Technologies.
Does any other investor hold more than 5% of Beta Technologies (BETA) through FMR’s accounts?
The filing notes that one or more other persons may receive dividends or sale proceeds from the shares, but no single other person has an interest in more than 5% of the total outstanding Class A common stock.
What type of filing did FMR LLC submit for its Beta Technologies (BETA) position?
FMR LLC submitted a Schedule 13G, which is used to report certain large equity positions that are held on a passive basis rather than to influence control of the issuer.
Who signed the Schedule 13G for FMR LLC and Abigail P. Johnson regarding Beta Technologies (BETA)?
Stephanie J. Brown signed the statement as duly authorized under powers of attorney on behalf of both FMR LLC and Abigail P. Johnson.