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Copper Property CTL Pass Through Trust Schedule 13G reports that Owl Creek Asset Management, L.P. and Jeffrey A. Altman jointly disclose beneficial ownership of 4,432,185 Trust Certificates, representing 5.9% of the class based on 75,000,000 Trust Certificates outstanding as of 03/31/2026.
The filing lists shared voting and dispositive power over the 4,432,185 certificates and states that OCRE Holdings LLC has the right to receive proceeds or dividends for more than 5% of the reported certificates. The statements are made by Owl Creek and Mr. Altman and signed on 05/15/2026.
Insights
Institutional holder reports a >5% passive stake with shared control.
The filing shows 4,432,185 Trust Certificates held with shared voting and dispositive power, representing 5.9% of the outstanding class as of 03/31/2026. This is a standard disclosure under the beneficial ownership reporting rules for large holders.
Key dependencies include the issuer's reported 75,000,000 outstanding certificates and the declarative attribution that OCRE Holdings LLC may receive proceeds; subsequent filings could clarify any changes in voting arrangements or transfers.
Passive ownership disclosed; no active takeover signal in the filing.
The Schedule 13G format and language indicate a passive reporting posture rather than an active intent to influence management. The reporting persons identify shared powers but refrain from asserting sole control.
Material effects on governance depend on future changes in ownership or voting arrangements; current disclosures attach to holdings as of 03/31/2026.
Key Figures
Certificates beneficially owned:4,432,185 Trust CertificatesPercent of class:5.9%Total outstanding:75,000,000 Trust Certificates+3 more
6 metrics
Certificates beneficially owned4,432,185 Trust Certificatesreported by Owl Creek and Jeffrey A. Altman
Percent of class5.9%based on 75,000,000 outstanding as of 03/31/2026
Total outstanding75,000,000 Trust Certificatesoutstanding as of <date>03/31/2026</date>
CUSIP217519107Copper Property CTL Pass Through Trust Trust Certificates
Sole voting power0.00 sharesreported on cover page for the reporting persons
Shared voting power4,432,185 sharesreported on cover page for the reporting persons
Key Terms
Schedule 13G, Beneficial ownership, Shared dispositive power
3 terms
Schedule 13Gregulatory
"This statement is filed by: Owl Creek Asset Management, L.P."
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
Beneficial ownershipfinancial
"Amount beneficially owned: The information required by Item 4(a) is set forth"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Shared dispositive powerfinancial
"Shared Dispositive Power 4,432,185.00"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake does Owl Creek report in CPPTL?
Owl Creek Asset Management and Jeffrey A. Altman report beneficial ownership of 4,432,185 Trust Certificates, representing 5.9% of the class based on 03/31/2026 and 75,000,000 outstanding.
Does the filing show who controls voting rights for CPPTL certificates?
The filing states the reporting persons hold shared voting power and shared dispositive power over the 4,432,185 certificates; sole voting and dispositive powers are reported as 0.00.
Who may receive proceeds or dividends for the reported CPPTL holdings?
The filing states the Owl Creek Funds and Entities have the right to receive proceeds or dividends, and OCRE Holdings LLC may receive proceeds for more than 5% of the reported Trust Certificates.
What date is the ownership percentage calculated from?
The percentage ( 5.9% ) is calculated based on 75,000,000 Trust Certificates outstanding as of 03/31/2026, per the filing reference to Exhibit 99.1 in the issuer's Form 8-K.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Copper Property CTL Pass Through Trust
(Name of Issuer)
Trust Certificates, no par value
(Title of Class of Securities)
217519107
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
217519107
1
Names of Reporting Persons
Owl Creek Asset Management, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
4,432,185.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
4,432,185.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,432,185.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.9 %
12
Type of Reporting Person (See Instructions)
IA, PN
SCHEDULE 13G
CUSIP Number(s):
217519107
1
Names of Reporting Persons
Jeffrey A. Altman
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
4,432,185.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
4,432,185.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,432,185.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.9 %
12
Type of Reporting Person (See Instructions)
HC, IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Copper Property CTL Pass Through Trust
(b)
Address of issuer's principal executive offices:
3 Second Street, Suite 206, Jersey City, NJ 07311-4056.
Item 2.
(a)
Name of person filing:
This statement is filed by:
(i) Owl Creek Asset Management, L.P., a Delaware limited partnership and the investment manager of certain funds and related entities (the "Owl Creek Funds and Entities"), with respect to the Trust Certificates owned by the Owl Creek Funds and Entities; and
(ii) Jeffrey A. Altman ("Mr. Altman"), as managing member of the general partner of Owl Creek Asset Management, L.P., with respect to the Trust Certificates owned by the Owl Creek Funds and Entities.
The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons."
The filing of this statement should not be construed as an admission that any of the foregoing persons or any Reporting Person is, for the purposes of Section 13 of the Act, the beneficial owner of the securities reported herein.
(b)
Address or principal business office or, if none, residence:
The address of the principal business office of each of the Reporting Persons is 640 Fifth Avenue, 20th Floor, New York, NY 10019.
(c)
Citizenship:
Owl Creek Asset Management, L.P. is a limited partnership organized under the laws of the State of Delaware. Mr. Altman is a United States citizen.
(d)
Title of class of securities:
Trust Certificates, no par value
(e)
CUSIP Number(s):
217519107
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
The information required by Item 4(a) is set forth in Row 9 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
The percentage set forth in this Schedule 13G is calculated based upon an aggregate of 75,000,000 Trust Certificates outstanding as of March 31, 2026, as reported in Exhibit 99.1 to the Issuer's Current Report on Form 8-K, filed with the Securities and Exchange Commission on April 6, 2026.
(b)
Percent of class:
5.9%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(ii) Shared power to vote or to direct the vote:
The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(iii) Sole power to dispose or to direct the disposition of:
The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(iv) Shared power to dispose or to direct the disposition of:
The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
See Item 2(a). The Owl Creek Funds and Entities have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Trust Certificates reported herein. OCRE Holdings LLC (on behalf of certain Owl Creek Funds and Entities) has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, more than 5% of the Trust Certificates reported herein.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Owl Creek Asset Management, L.P.
Signature:
/s/ Jeffrey A. Altman
Name/Title:
By: Owl Creek GP, L.L.C., General Partner, By: Jeffrey A. Altman, Managing Member
