Cadrenal Therapeutics (CVKD): PNC discloses 8.13% beneficial stake for client
Rhea-AI Filing Summary
Cadrenal Therapeutics, Inc. reports that The PNC Financial Services Group, Inc., through its subsidiary PNC Bank, National Association, holds a beneficial position in the company’s common stock.
PNC reports beneficial ownership of 233,219 shares of Cadrenal common stock, representing 8.13% of the class as of June 30, 2026. PNC has sole voting and dispositive power over these shares, with no shared voting or dispositive power. The shares are held in a fiduciary account at PNC Bank for a client, identified as Daniel Maltz, who has the right to receive dividends and sale proceeds from this more-than-5% position.
Positive
- None.
Negative
- None.
Key Figures
Beneficially owned shares: 233,219 shares
Percent of class: 8.13%
Sole voting power: 233,219 shares
+2 more
5 metrics
Beneficially owned shares
233,219 shares
Cadrenal Therapeutics common stock beneficially owned by PNC as of June 30, 2026
Percent of class
8.13%
Portion of Cadrenal Therapeutics common stock class beneficially owned by PNC
Sole voting power
233,219 shares
Shares over which PNC has sole power to vote or direct the vote
Sole dispositive power
233,219 shares
Shares over which PNC has sole power to dispose or direct disposition
Record owner client threshold
more than five percent
Client Daniel Maltz has rights to dividends and proceeds on a >5% position
Key Terms
beneficially owned, sole voting power, sole dispositive power, fiduciary capacity, +1 more
5 terms
beneficially owned financial
"Item 4. | Ownership (a) | Amount beneficially owned: 233,219"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole voting power financial
"Sole Voting Power 233,219.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
sole dispositive power financial
"Sole Dispositive Power 233,219.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
fiduciary capacity financial
"held in an account at PNC Bank, National Association in a fiduciary capacity"
parent holding company financial
"Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What percentage of Cadrenal Therapeutics (CVKD) does PNC beneficially own?
The PNC Financial Services Group, Inc. reports beneficial ownership of 8.13% of Cadrenal Therapeutics’ common stock, representing a significant institutional position in the company as of June 30, 2026.
Who ultimately benefits from PNC’s Cadrenal Therapeutics (CVKD) holdings?
The shares are held in a fiduciary account at PNC Bank, National Association for a client, Daniel Maltz, who has rights to dividends and sale proceeds on this more-than-5% position.