Large holder to sell 9.4M Coherent (NASDAQ: COHR) shares via Goldman
Rhea-AI Filing Summary
Coherent’s major shareholder BCPE Watson (DE) BML, LP has filed a notice to sell 9,437,238 shares of Coherent common stock. The shares, with an aggregate market value of $2,223,224,528, are to be sold through Goldman Sachs & Co. LLC on the NYSE around 02/09/2026. Coherent had 187,481,852 common shares outstanding. The seller acquired these shares on 12/15/2025 upon conversion of its Series B-2 Convertible Preferred Stock. Over the prior three months, BCPE Watson sold 5,000,000 and 7,500,000 shares for gross proceeds of $947,750,000 and $1,075,275,000, respectively.
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Insights
Large shareholder plans additional multi-billion-dollar Coherent share sale under Rule 144.
The filing shows BCPE Watson (DE) BML, LP, a significant Coherent shareholder, intends to sell 9,437,238 common shares with an aggregate market value of $2,223,224,528 through Goldman Sachs & Co. LLC on the NYSE. This follows earlier sizable secondary sales.
In the past three months, the same holder sold 5,000,000 and 7,500,000 shares for gross proceeds of $947,750,000 and $1,075,275,000. These are existing-shareholder transactions; the company does not issue new shares here. Actual market impact depends on execution method and broader trading liquidity.
As of the notice, Coherent had 187,481,852 common shares outstanding. The shares to be sold were acquired on 12/15/2025 via conversion of Series B-2 Convertible Preferred Stock. Future company filings may provide additional context on remaining holdings and any further planned sales.