CIM Group (CMRF) VP Avraham Shemesh details sizable indirect ownership stakes
Rhea-AI Filing Summary
CIM Group, Inc. filed an initial ownership report for vice president and ten percent owner Avraham Shemesh, showing large indirect interests held through CIM Group Holdings, LLC. The filing lists Special Voting Preferred Stock, common stock and substantial Class A-1 and A-2 limited partnership units of an operating partnership.
The partnership units are indirectly tied to the company’s common stock. After a listing of CIM Group, Inc.’s common stock on a national securities exchange, CIM Group Holdings may, subject to conditions, redeem or exchange Class A-1 and A-2 units for an equal number of common shares or cash, with related Special Voting Preferred Stock redeemed concurrently.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Shemesh Avraham
Role
Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A-1 Limited Partnership Units | -- | -- | -- |
| holding | Class A-2 Limited Partnership Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Special Voting Preferred Stock | -- | -- | -- |
Holdings After Transaction:
Class A-1 Limited Partnership Units — 821,175,346.665 shares (Indirect, By CIM Group Holdings, LLC);
Class A-2 Limited Partnership Units — 86,200,726.998 shares (Indirect, By CIM Group Holdings, LLC);
Common Stock — 100 shares (Indirect, By CIM Group Holdings, LLC);
Special Voting Preferred Stock — 907,376,173.663 shares (Indirect, By CIM Group Holdings, LLC)
Footnotes (3)
- F1. The reporting person may be deemed to beneficially own the shares and limited partnership units owned by CIM Group Holdings, LLC ("CIM Group Holdings") because of his position with CIM Group, LLC ("CIM Group Parent"), which owns and controls CIM Group Holdings. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his indirect pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- F2. Class A-1 and Class A-2 limited partnership units of an operating partnership in which a subsidiary of the issuer is general partner (the "operating partnership"). Until the consummation of a listing of the issuer's common stock on a national securities exchange (a "Listing"), CIM Group Holdings has no right to have its Class A-1 or A-2 limited partnership units redeemed or exchanged for shares of the issuer's common stock. Following the consummation of a Listing, CIM Group Holdings will have the right to require the operating partnership to redeem,
- F3. (Continued from footnote 2) subject to specified conditions and restrictions, the filer's Class A-1 and A-2 limited partnership units in exchange for a like number of shares of the issuer's common stock or, at the election of the issuer, a cash amount representing the value of such shares of the issuer's common stock. In connection with any such exchange, the issuer is required to concurrently redeem any shares of Special Voting Preferred Stock issued in correspondence to such redeemed Class A-1 or A-2 limited partnership units.
Key Figures
Special Voting Preferred Stock: 907,376,173.6630 shares
Common Stock: 100.0000 shares
Class A-2 Units underlying shares: 86,200,726.9980 shares
+3 more
6 metrics
Special Voting Preferred Stock
907,376,173.6630 shares
Indirect holdings by CIM Group Holdings, LLC following transaction
Common Stock
100.0000 shares
Indirect holdings by CIM Group Holdings, LLC following transaction
Class A-2 Units underlying shares
86,200,726.9980 shares
Underlying CIM Group, Inc. common stock for Class A-2 limited partnership units
Class A-1 Units underlying shares
821,175,346.6650 shares
Underlying CIM Group, Inc. common stock for Class A-1 limited partnership units
Exercise price for Class A-1 units
$0.0000 per unit
Stated conversion or exercise price in derivative summary
Exercise price for Class A-2 units
$0.0000 per unit
Stated conversion or exercise price in derivative summary
Key Terms
Special Voting Preferred Stock, Class A-1 limited partnership units, Class A-2 limited partnership units, operating partnership, +2 more
6 terms
Special Voting Preferred Stock financial
"The filing lists Special Voting Preferred Stock, common stock and substantial Class A-1 and A-2 limited partnership units"
Class A-1 limited partnership units financial
"Class A-1 and Class A-2 limited partnership units of an operating partnership in which a subsidiary of the issuer is general partner"
Class A-2 limited partnership units financial
"Class A-1 and Class A-2 limited partnership units of an operating partnership in which a subsidiary of the issuer is general partner"
operating partnership financial
"Class A-1 and Class A-2 limited partnership units of an operating partnership in which a subsidiary of the issuer is general partner"
An operating partnership is a separate legal entity set up to own and run a company’s core assets and day-to-day businesses, while investors hold interests indirectly through the parent company. Think of it like a dedicated garage that actually stores and services the cars while the owner keeps the dealership; it matters to investors because it affects how income, taxes, liability and voting rights are allocated and therefore can influence distributions and risk.
Listing financial
"Until the consummation of a listing of the issuer's common stock on a national securities exchange (a "Listing"), CIM Group Holdings has no right"
indirect pecuniary interest financial
"The reporting person disclaims beneficial ownership of the reported securities except to the extent of his indirect pecuniary interest therein"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does Avraham Shemesh’s Form 3 show for CIM Group (CMRF)?
The Form 3 shows Avraham Shemesh’s indirect ownership interests in CIM Group, Inc. through CIM Group Holdings, LLC, including preferred stock, common stock, and limited partnership units. It is an initial ownership statement, not a record of new purchases or sales of securities.
Which securities are reported for Avraham Shemesh in CIM Group’s Form 3?
The filing reports Special Voting Preferred Stock, common stock, and Class A-1 and Class A-2 limited partnership units of an operating partnership. The partnership units are indirectly linked to CIM Group, Inc.’s common stock through potential future redemptions or exchanges, subject to specified conditions and restrictions.
Are the reported CIM Group (CMRF) holdings direct or indirect for Avraham Shemesh?
All reported holdings are indirect and held by CIM Group Holdings, LLC. The filing states Shemesh may be deemed to beneficially own these interests through his position with CIM Group Parent, but he disclaims beneficial ownership except for any indirect pecuniary interest he has in those securities.
Do Class A-1 and A-2 units in CIM Group’s Form 3 convert into common stock?
The Class A-1 and A-2 limited partnership units can, after a listing of CIM Group, Inc.’s common stock on a national securities exchange, be redeemed or exchanged for an equal number of common shares or cash, subject to specified conditions and restrictions described in the footnotes.
What happens to Special Voting Preferred Stock when CIM Group units are exchanged?
If Class A-1 or A-2 limited partnership units are exchanged for CIM Group common stock or cash, the company must concurrently redeem any Special Voting Preferred Stock issued in correspondence to those units, aligning voting rights with the new ownership structure after the exchange or redemption.
Does this CIM Group (CMRF) Form 3 reflect any recent insider buying or selling?
No. The Form 3 lists existing indirect holdings and derivative positions associated with Avraham Shemesh through CIM Group Holdings, LLC. The transaction summary shows holding entries only, with no recorded buys, sells, exercises, gifts, or other transactional activity in the reported securities.