Edward Stack boosts control with 19.69% stake in Dick's Sporting (NYSE: DKS)
Rhea-AI Filing Summary
Edward W. Stack reported beneficial ownership of 16,002,259 shares of Dick's Sporting Goods common stock, representing 19.69% of the class as of December 31, 2025. He has sole voting power over all of these shares and sole dispositive power over 11,913,430 shares.
The holdings include common stock, options exercisable within 60 days of December 31, 2025, and Class B common stock, which carries ten votes per share and is convertible into common stock. Under a Memorandum of Understanding and a Voting Agreement, Stack has sole voting but not dispositive power over 3,990,630 Class B shares owned by his former spouse. He also holds 98,199 restricted common shares that vest between April 2026 and April 2028 and may be voted but not sold until vesting.
Positive
- None.
Negative
- None.