BHC Insider Amendment Confirms 70,755,869 Shares Held Indirectly
Rhea-AI Filing Summary
Amendment corrects previously reported insider holdings. This Form 4/A updates an earlier filing to state that John Paulson indirectly beneficially owned 70,755,869 common shares of Bausch Health Companies Inc. as of the 09/30/2025 transaction date. The amendment says the corrected amount matches what was reported on a prior Form 4 filed 08/14/2025 and attributes the holdings to funds managed by Paulson Capital Inc., while the reporting person disclaims direct beneficial ownership except for any pecuniary interest. The filing was signed by an attorney-in-fact on 10/06/2025.
Positive
- Correction aligns filings: Amendment reconciles this Form 4 with the 08/14/2025 report
- Large disclosed stake: 70,755,869 shares reported as indirectly owned by funds managed by Paulson Capital Inc.
Negative
- Prior misstatement: An administrative error required an amended filing, indicating an earlier reporting inaccuracy
Insights
TL;DR: An administrative correction restores consistency in insider reporting and reconfirms large indirect holdings.
The amendment fixes an administrative error in a prior Form 4 by confirming 70,755,869 shares are indirectly owned through managed funds, which aligns this filing with a Form 4 previously filed on 08/14/2025. Accurate Section 16 reporting is required to maintain transparency around director and insider holdings and to avoid potential technical violations.
The main dependency is the distinction between direct and indirect ownership; the report disclaims direct beneficial ownership other than pecuniary interest, which is a common legal framing. Investors and compliance teams should note the reconciliation across filings and expect no change in substantive ownership from this correction within the near term.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Shares, No Par Value | -- | -- | -- |
Footnotes (2)
- F1. This amendment is being filed to correct an administrative error in the Form 4 filed by the reporting person on October 2, 2025, which inadvertently misstated the amount of securities beneficially owned (indirectly). As corrected in this amendment, the amount of securities beneficially owned indirectly by the reporting person as of the transaction date is 70,755,869, which is consistent with the amount previously reported on the Form 4 filed on August 14, 2025.
- F2. John Paulson, the controlling person of Paulson Capital Inc. ("Paulson"), serves on the board of directors of the Issuer. Paulson is the investment manager of investment funds (the "Funds"). John Paulson may be deemed an indirect beneficial owner of the securities, which are directly owned by the Funds. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Act"), the reporting person disclaims beneficial ownership of any securities reported herein, except to the extent that the reporting person has a pecuniary interest therein. This report shall not be deemed an admission that such reporting person is the beneficial owner of any securities not directly owned by such reporting person.
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