STOCK TITAN

21.7M convertible voting shares reported by Beaudier group (DOO)

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G/A

Rhea-AI Filing Summary

BRP Inc. amendment reports a group ownership interest represented by 21,709,901 Multiple Voting Shares that could be deemed beneficially owned by the filing group and convertible one-for-one into Subordinate Voting Shares. The filing cites 34,819,204 Multiple Voting Shares outstanding and 38,303,785 Subordinate Voting Shares outstanding as of December 31, 2025, producing a theoretical total of 73,122,989 Subordinate Voting Shares and an indicated ownership percentage of approximately 29.69%.

The amendment states that Beaudier Holdings LP was liquidated into Beaudier Inc. effective March 31, 2026, moving 800,000 Multiple Voting Shares into Beaudier Inc.'s totals. The filing is a joint Schedule 13G/A by Beaudier Inc., 4338618 Canada Inc., and six individuals, each listing shared voting and dispositive power over the reported 21,709,901 shares.

Positive

  • None.

Negative

  • None.

Insights

Group reports near-30% theoretical stake via convertible Multiple Voting Shares.

The filing lists 21,709,901 Multiple Voting Shares attributed to the filing group, convertible one-for-one into Subordinate Voting Shares, and calculates a theoretical total of 73,122,989 Subordinate Voting Shares as of December 31, 2025. The subgroup percentages shown are 29.69% (one instance 29.96% for an individual).

Key dependencies include the conversion mechanics of Multiple Voting Shares and the March 31, 2026 corporate change that transferred 800,000 Multiple Voting Shares into Beaudier Inc. Future disclosures may clarify any voting alignments among group members and whether conversions occur; timing for conversion is not stated here.

Amendment updates beneficial ownership and group composition after a liquidation.

The Schedule 13G/A confirms joint filing status and explains that Beaudier Holdings LP was liquidated into Beaudier Inc. effective March 31, 2026, causing the reallocation of 800,000 Multiple Voting Shares into Beaudier Inc.'s holdings. The filing ties percentage calculations to a theoretical conversion of Multiple Voting Shares into Subordinate Voting Shares.

Filers preserve standard qualifiers about conversion timing and use the December 31, 2025 outstanding-share counts as the anchor for percent calculations; cash-flow treatment and any planned conversions are not stated in the excerpt.

Reported beneficially owned (group) 21,709,901 shares Multiple Voting Shares convertible one-for-one
Multiple Voting Shares outstanding 34,819,204 shares as of December 31, 2025
Subordinate Voting Shares outstanding 38,303,785 shares as of December 31, 2025
Theoretical total Subordinate Voting Shares 73,122,989 shares assumes conversion of Multiple Voting Shares, as used by filers
Indicated ownership percentage 29.69% based on theoretical 73,122,989-share total
Shares moved on liquidation 800,000 shares transferred into Beaudier Inc. effective March 31, 2026
Multiple Voting Shares regulatory
"The amount in Row 9 represents the number of Multiple Voting Shares"
Shares that carry more votes per share than regular shares, giving their holders greater control over corporate decisions such as board elections and major strategic moves. For investors this matters because a small group holding multiple voting shares can steer the company’s direction irrespective of economic ownership, similar to a few people holding the keys to a car even if many others own parts of it, which affects governance risk and influence on value.
Subordinate Voting Shares regulatory
"convertible into Subordinate Voting Shares on a one-for-one basis"
Subordinate voting shares are a type of company stock that typically carry fewer voting rights than regular shares, meaning holders have less influence over company decisions. They are often used to raise capital while allowing founders or main shareholders to retain control. For investors, understanding the difference helps assess their level of influence in company decisions and the potential risks or benefits of holding different types of shares.
Schedule 13G/A regulatory
"This /A is being filed jointly by Beaudier Inc."
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
Beneficially owned regulatory
"Amount beneficially owned: See Item 9 of the cover pages"
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.





05577W200

(CUSIP Number)
03/31/2026

(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)




schemaVersion:


SCHEDULE 13G




Comment for Type of Reporting Person: The amount in Row 9 represents the number of Multiple Voting Shares of the Issuer that could be deemed to be beneficially owned by the reporting person. Such Multiple Voting Shares are convertible into Subordinate Voting Shares on a one-for-one basis at any time at the option of the holders thereof, and automatically in certain other circumstances. As of December 31, 2025, the date of the most recent publicly available information, the Issuer had 34,819,204 Multiple Voting Shares outstanding and 38,303,785 Subordinate Voting Shares outstanding. The percentage in Row 11 assumes all outstanding Multiple Voting Shares that could be deemed to be beneficially owned by the reporting persons are converted into Subordinate Voting Shares for a theoretical total of 73,122,989 outstanding Subordinate Voting Shares.


SCHEDULE 13G




Comment for Type of Reporting Person: The amount in Row 9 represents the number of Multiple Voting Shares of the Issuer that could be deemed to be beneficially owned by the reporting person. Such Multiple Voting Shares are convertible into Subordinate Voting Shares on a one-for-one basis at any time at the option of the holders thereof, and automatically in certain other circumstances. As of December 31, 2025, the date of the most recent publicly available information, the Issuer had 34,819,204 Multiple Voting Shares outstanding and 38,303,785 Subordinate Voting Shares outstanding. The percentage in Row 11 assumes all outstanding Multiple Voting Shares that could be deemed to be beneficially owned by the reporting persons are converted into Subordinate Voting Shares for a theoretical total of 73,122,989 outstanding Subordinate Voting Shares.


SCHEDULE 13G




Comment for Type of Reporting Person: The amount in Row 9 represents the number of Multiple Voting Shares of the Issuer that could be deemed to be beneficially owned by the reporting person. Such Multiple Voting Shares are convertible into Subordinate Voting Shares on a one-for-one basis at any time at the option of the holders thereof, and automatically in certain other circumstances. As of December 31, 2025, the date of the most recent publicly available information, the Issuer had 34,819,204 Multiple Voting Shares outstanding and 38,303,785 Subordinate Voting Shares outstanding. The percentage in Row 11 assumes all outstanding Multiple Voting Shares that could be deemed to be beneficially owned by the reporting persons are converted into Subordinate Voting Shares for a theoretical total of 73,122,989 outstanding Subordinate Voting Shares.


SCHEDULE 13G




Comment for Type of Reporting Person: The amount in Row 9 represents the number of Multiple Voting Shares of the Issuer that could be deemed to be beneficially owned by the reporting person. Such Multiple Voting Shares are convertible into Subordinate Voting Shares on a one-for-one basis at any time at the option of the holders thereof, and automatically in certain other circumstances. As of December 31, 2025, the date of the most recent publicly available information, the Issuer had 34,819,204 Multiple Voting Shares outstanding and 38,303,785 Subordinate Voting Shares outstanding. The percentage in Row 11 assumes all outstanding Multiple Voting Shares that could be deemed to be beneficially owned by the reporting persons are converted into Subordinate Voting Shares for a theoretical total of 73,122,989 outstanding Subordinate Voting Shares.


SCHEDULE 13G




Comment for Type of Reporting Person: The amount in Row 9 represents the number of Multiple Voting Shares of the Issuer that could be deemed to be beneficially owned by the reporting person. Such Multiple Voting Shares are convertible into Subordinate Voting Shares on a one-for-one basis at any time at the option of the holders thereof, and automatically in certain other circumstances. As of December 31, 2025, the date of the most recent publicly available information, the Issuer had 34,819,204 Multiple Voting Shares outstanding and 38,303,785 Subordinate Voting Shares outstanding. The percentage in Row 11 assumes all outstanding Multiple Voting Shares that could be deemed to be beneficially owned by the reporting persons are converted into Subordinate Voting Shares for a theoretical total of 73,122,989 outstanding Subordinate Voting Shares.


SCHEDULE 13G




Comment for Type of Reporting Person: The amount in Row 9 represents the number of Multiple Voting Shares of the Issuer that could be deemed to be beneficially owned by the reporting person. Such Multiple Voting Shares are convertible into Subordinate Voting Shares on a one-for-one basis at any time at the option of the holders thereof, and automatically in certain other circumstances. As of December 31, 2025, the date of the most recent publicly available information, the Issuer had 34,819,204 Multiple Voting Shares outstanding and 38,303,785 Subordinate Voting Shares outstanding. The percentage in Row 11 assumes all outstanding Multiple Voting Shares that could be deemed to be beneficially owned by the reporting persons are converted into Subordinate Voting Shares for a theoretical total of 73,122,989 outstanding Subordinate Voting Shares.


SCHEDULE 13G




Comment for Type of Reporting Person: The amount in Row 9 represents the number of Multiple Voting Shares of the Issuer that could be deemed to be beneficially owned by the reporting person. Such Multiple Voting Shares are convertible into Subordinate Voting Shares on a one-for-one basis at any time at the option of the holders thereof, and automatically in certain other circumstances. As of December 31, 2025, the date of the most recent publicly available information, the Issuer had 34,819,204 Multiple Voting Shares outstanding and 38,303,785 Subordinate Voting Shares outstanding. The percentage in Row 11 assumes all outstanding Multiple Voting Shares that could be deemed to be beneficially owned by the reporting persons are converted into Subordinate Voting Shares for a theoretical total of 73,122,989 outstanding Subordinate Voting Shares.


SCHEDULE 13G



4338618 Canada Inc.
Signature:/s/ J.R. Andre Bombardier
Name/Title:J.R. Andre Bombardier, President
Date:05/15/2026
Beaudier Inc.
Signature:/s/ Laurent Beaudoin
Name/Title:Laurent Beaudoin, President
Date:05/15/2026
Laurent Beaudoin
Signature:/s/ Laurent Beaudoin
Name/Title:Laurent Beaudoin
Date:05/15/2026
Claire Bombardier Beaudoin
Signature:/s/ Claire Bombardier Beaudoin
Name/Title:Claire Bombardier Beaudoin
Date:05/15/2026
J.R. Andre Bombardier
Signature:/s/ J.R. Andre Bombardier
Name/Title:J.R. Andre Bombardier
Date:05/15/2026
Huguette Bombardier Fontaine
Signature:/s/ Huguette Bombardier Fontaine
Name/Title:Huguette Bombardier Fontaine
Date:05/15/2026
Janine Bombardier
Signature:/s/ Janine Bombardier
Name/Title:Janine Bombardier
Date:05/15/2026
Exhibit Information

Exhibit A Beaudier Inc. 4338618 Canada Inc. Laurent Beaudoin Claire Bombardier Beaudoin J.R. Andre Bombardier Huguette Bombardier Fontaine Janine Bombardier

FAQ

What stake does the filing group report in BRP Inc. (DOO)?

The group reports 21,709,901 Multiple Voting Shares that could convert one-for-one into Subordinate Voting Shares. The filing bases its percentage on a theoretical total of 73,122,989 Subordinate Voting Shares as of December 31, 2025.

How was the group ownership changed by the March 31, 2026 action?

Effective March 31, 2026, Beaudier Holdings LP was liquidated into Beaudier Inc., transferring 800,000 Multiple Voting Shares into Beaudier Inc.'s ownership totals, as stated in the amendment.

What outstanding share counts does the amendment use to calculate percentage ownership?

The amendment cites 34,819,204 Multiple Voting Shares outstanding and 38,303,785 Subordinate Voting Shares outstanding as of December 31, 2025, summed for a theoretical 73,122,989 Subordinate Voting Shares.

Who filed the Schedule 13G/A for BRP Inc.?

The filing was made jointly by Beaudier Inc., 4338618 Canada Inc., and individuals: Laurent Beaudoin, Claire Bombardier Beaudoin, J.R. Andre Bombardier, Huguette Bombardier Fontaine, and Janine Bombardier.

Does the filing show when Multiple Voting Shares will convert to Subordinate Voting Shares?

The amendment states Multiple Voting Shares are convertible one-for-one at holders' option and in certain automatic circumstances; the filing does not disclose any specific conversion timing or planned conversions.