Scorpio files final 13D/A after selling 2.725M DHT shares, exits >5% ownership
Rhea-AI Filing Summary
Scorpio-related parties filed Amendment No. 2 to Schedule 13D for DHT Holdings, Inc. The filing states that between June 23, 2025 and September 10, 2025, Scorpio sold an aggregate of 2,725,000 shares of DHT in open market transactions. Based on DHT's reported 160,799,407 shares outstanding as of June 30, 2025, the Reporting Persons are now deemed beneficial owners of 6,157,480 shares, representing approximately 3.83% of the outstanding common stock. The filing notes the Reporting Persons ceased to be beneficial owners of more than 5% as of September 8, 2025 and identifies this Amendment No. 2 as the final amendment and an exit filing.
Positive
- Transparent disclosure of aggregate open-market sales of 2,725,000 shares between June 23, 2025 and September 10, 2025
- Final amendment / exit filing confirming the Reporting Persons ceased to be beneficial owners above 5% as of September 8, 2025
Negative
- Reduction in stake from above 5% to 3.83% (6,157,480 shares) which may signify decreased affiliate ownership or support
- Significant dispositions (2,725,000 shares) in the recent 60-day window disclosed in the filing
Insights
TL;DR: Scorpio and affiliated parties sold 2.725M DHT shares, reducing their stake below 5% and filing a final Schedule 13D amendment.
The filing documents open-market dispositions totaling 2,725,000 shares between June 23 and September 10, 2025. Using the issuer's June 30, 2025 share count of 160,799,407, the Reporting Persons now hold 6,157,480 shares (3.83%). The Schedule explicitly states the Reporting Persons ceased to be beneficial owners above the 5% threshold as of September 8, 2025, and this amendment is characterized as a final exit filing. For investors, this clarifies insider/affiliate ownership and eliminates the elevated disclosure regime tied to a >5% beneficial holding.
TL;DR: Final 13D amendment confirms reduction in shared voting/dispositive power to 3.83% and documents an exit from >5% ownership.
The Schedule reports shared voting and dispositive power over 6,157,480 shares across Scorpio entities and an individual (Ms. Lolli-Ghetti). The filing includes an exhibit reference for recent transactions and contains the required certifications and signatures. The clear statement that this is a final amendment and exit filing is procedurally significant for disclosure and governance tracking, as it signals the Reporting Persons no longer trigger heightened 13D obligations.