Journey Medical (DERM) gains 13.3% shareholder in Wasatch Advisors
Rhea-AI Filing Summary
Wasatch Advisors filed Amendment No. 3 to a Schedule 13G reporting beneficial ownership of 2,858,930 shares of Journey Medical Corp common stock, representing 13.3% of the class. The shares are held with sole power to dispose and sole voting power over 2,664,647 shares, with no shared voting or dispositive authority.
Positive
- None.
Negative
- None.
Key Figures
Beneficial ownership: 2,858,930 shares
Percent of class: 13.3%
Sole voting power: 2,664,647 shares
+1 more
4 metrics
Beneficial ownership
2,858,930 shares
Journey Medical Corp common stock beneficially owned by Wasatch Advisors
Percent of class
13.3%
Portion of Journey Medical Corp common stock class held by Wasatch Advisors
Sole voting power
2,664,647 shares
Shares of Journey Medical Corp over which Wasatch Advisors has sole power to vote
Sole dispositive power
2,858,930 shares
Shares of Journey Medical Corp over which Wasatch Advisors has sole power to dispose
Key Terms
beneficially owned, sole power to vote or to direct the vote, sole power to dispose or to direct the disposition of, percent of class
4 terms
beneficially owned financial
"Item 4. | Ownership (a) | Amount beneficially owned: 2,858,930"
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 power to vote or to direct the vote financial
"(i) Sole power to vote or to direct the vote: 2,664,647"
sole power to dispose or to direct the disposition of financial
"(iii) Sole power to dispose or to direct the disposition of: 2,858,930"
percent of class financial
"(b) | Percent of class: 13.3 %"
Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What stake in Journey Medical Corp (DERM) does Wasatch Advisors report?
Wasatch Advisors reports beneficial ownership of 2,858,930 shares of Journey Medical Corp common stock, representing 13.3% of the class, according to Amendment No. 3 to its Schedule 13G filing.
How much voting power does Wasatch Advisors have in Journey Medical Corp (DERM)?
Wasatch Advisors has sole voting power over 2,664,647 shares of Journey Medical Corp and no shared voting power, as disclosed in the Schedule 13G/A ownership table.
What percentage of Journey Medical Corp (DERM) common stock is owned by Wasatch Advisors?
Wasatch Advisors reports owning 13.3% of Journey Medical Corp’s common stock. This percentage is based on 2,858,930 shares beneficially owned, as stated in Item 4 of the Schedule 13G/A.
Who filed the Schedule 13G/A for Journey Medical Corp (DERM) and where is the filer based?
The Schedule 13G/A was filed by Wasatch Advisors, a Delaware-organized entity with its principal business office at 505 Wakara Way, 3rd Floor, Salt Lake City, Utah 84108, as specified in Item 2.