DigitalBridge (NYSE: DBRG) CEO converts 2,358,601 OP Units into Class A stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DigitalBridge Group, Inc. reported that an entity associated with CEO Marc C. Ganzi converted operating partnership units into common stock. On the reported date, MCG Analog LLC redeemed 2,358,601 OP Units of DigitalBridge Operating Company, LLC for the same number of Class A Common Shares, with no cash consideration paid. Following the conversion, MCG Analog LLC held 2,907,297 shares of Class A Common Stock indirectly for Ganzi. These transactions were non-cash derivative conversions and did not involve any open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,358,601 shares exercised/converted
Mixed
2 txns
Insider
Ganzi Marc C
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | OP Units | 2,358,601 | $0.00 | -- |
| Conversion | Class A Common Stock | 2,358,601 | $0.00 | -- |
Holdings After Transaction:
OP Units — 0 shares (Indirect, Held by MCG Analog LLC);
Class A Common Stock — 2,907,297 shares (Indirect, Held by MCG Analog LLC)
Footnotes (1)
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Key Figures
OP Units converted: 2,358,601 units
Shares issued on conversion: 2,358,601 shares
Indirect Class A holdings after: 2,907,297 shares
+1 more
4 metrics
OP Units converted
2,358,601 units
Redeemed for Class A Common Stock on one-for-one basis
Shares issued on conversion
2,358,601 shares
Class A Common Stock issued to MCG Analog LLC
Indirect Class A holdings after
2,907,297 shares
Shares of Class A Common Stock indirectly held following transaction
Cash consideration
$0.00
No consideration paid upon redemption of OP Units
Key Terms
OP Units, Class A Common Stock, Conversion of derivative security, indirect ownership
4 terms
OP Units financial
"Represents shares of Class A Common Stock issued upon redemption of an equivalent number of membership units (OP Units) in DigitalBridge Operating Company, LLC"
OP units are ownership stakes in an operating partnership that sits beneath a public parent company, commonly used by real estate and energy firms to hold assets and distributions. Think of them like special shares in a subsidiary: they give economic rights to profits and cash payouts but are structured differently from the parent’s common stock, so investors watch OP unit issuance because it can change the effective ownership, future distributions, and potential dilution of the parent company’s equity.
Class A Common Stock financial
"Represents shares of Class A Common Stock issued upon redemption of an equivalent number of membership units"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Conversion of derivative security financial
"transaction_code_description: Conversion of derivative security"
indirect ownership financial
"direct_or_indirect: I, nature_of_ownership: Held by MCG Analog LLC"
FAQ
What insider transaction did DigitalBridge (DBRG) disclose for Marc C. Ganzi?
DigitalBridge disclosed that an entity associated with CEO Marc C. Ganzi converted 2,358,601 OP Units into the same number of Class A Common Shares. The units were redeemed by MCG Analog LLC, increasing its indirect equity stake without any open-market buying or selling.
What are OP Units in the DigitalBridge (DBRG) structure?
In this context, OP Units are membership units in DigitalBridge Operating Company, LLC. They were redeemable by the holder for cash or, at the issuer’s election, for Class A Common Stock on a one-for-one basis, enabling indirect holders to convert their units into listed shares.