Smart Share Global Limited received an updated ownership report from investment firm Silver Point Capital and related individuals. They report beneficial ownership of 49,342,200 Class A ordinary shares, representing 11.4% of the class based on 433,223,191 shares outstanding as of July 31, 2025.
The shares are held through Silver Point investment funds, with Silver Point, Edward A. Mule and Robert J. O'Shea sharing voting and dispositive power and no sole authority. The filers certify the stake is held on a passive basis, not to change or influence control of Smart Share Global.
Positive
None.
Negative
None.
Insights
Silver Point discloses a passive 11.4% stake in Smart Share Global.
Silver Point Capital and its principals report beneficial ownership of 49,342,200 Class A shares of Smart Share Global Limited, equal to 11.4% of the class, calculated against 433,223,191 shares outstanding as of July 31, 2025.
The filing is on a Schedule 13G/A, which is used for passive positions. The group states the securities “were not acquired and are not held for the purpose of or with the effect of changing or influencing the control” of the company, aligning with that passive status.
Control over the position is shared: the report lists zero sole voting or dispositive power, and 49,342,200 shares of shared voting and dispositive power. Future amendments to this ownership report would indicate changes in Silver Point’s percentage or intentions, but no such changes are described here.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
Smart Share Global Limited
(Name of Issuer)
Class A ordinary shares, par value $0.0001 per share
(Title of Class of Securities)
000000000
(CUSIP Number)
12/31/2025
(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)
SCHEDULE 13G
CUSIP No.
000000000
1
Names of Reporting Persons
Silver Point Capital, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
49,342,200.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
49,342,200.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
49,342,200.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
11.4 %
12
Type of Reporting Person (See Instructions)
IA, PN
SCHEDULE 13G
CUSIP No.
000000000
1
Names of Reporting Persons
Edward A. Mule
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
49,342,200.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
49,342,200.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
49,342,200.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
11.4 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
CUSIP No.
000000000
1
Names of Reporting Persons
Robert J. O'Shea
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
49,342,200.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
49,342,200.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
49,342,200.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
This Amendment No. 2 to Schedule 13G is being jointly filed by Silver Point Capital, L.P., a Delaware limited partnership ("Silver Point"), Mr. Edward A. Mule and Mr. Robert J. O'Shea (collectively, the "Reporting Persons") with respect to the beneficial ownership of the issuer's Class A ordinary shares held by Silver Point Capital Fund, L.P. and Silver Point Capital Offshore Master Fund, L.P. These entities are managed by Silver Point or its wholly owned subsidiaries, and as a result, Silver Point may be deemed to be the beneficial owner of the Class A ordinary shares. Silver Point Capital Management, LLC ("Management") is the general partner of Silver Point and as a result may be deemed to be the beneficial owner of the Class A ordinary shares. Messrs. Edward A. Mule and Robert J. O'Shea are each members of Management and as a result may be deemed to be the beneficial owner of the Class A ordinary shares.
The Reporting Persons have entered into a Joint Filing Agreement, dated February 17, 2026, a copy of which is filed with this Amendment No. 2 to Schedule 13G, pursuant to which the Reporting Persons have agreed to file this statement jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Act.
(b)
Address or principal business office or, if none, residence:
The address of the principal business office of each of the Reporting Persons is Two Greenwich Plaza, Suite 1, Greenwich, CT 06830.
(c)
Citizenship:
Silver Point is organized as a limited partnership under the laws of the State of Delaware. Both Mr. Mule and Mr. O'Shea are U.S. citizens.
(d)
Title of class of securities:
Class A ordinary shares, par value $0.0001 per share
(e)
CUSIP No.:
000000000
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
The responses of the Reporting Persons to rows (5) through (11) of the cover pages to this Amendment No. 2 to Schedule 13G are incorporated herein by reference.
(b)
Percent of class:
The percentages provided herein are based on 433,223,191 Class A ordinary shares issued and outstanding as of July 31, 2025, as disclosed in the Agreement and Plan of Merger dated as of August 1, 2025, filed as an exhibit to the issuer's Form 6-K filed with the Securities and Exchange Commission on August 1, 2025. As a result, the Reporting Persons may be deemed to beneficially own 11.4%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
The responses of the Reporting Persons to rows (5) through (11) of the cover pages to this Amendment No. 2 to Schedule 13G are incorporated herein by reference.
(ii) Shared power to vote or to direct the vote:
The responses of the Reporting Persons to rows (5) through (11) of the cover pages to this Amendment No. 2 to Schedule 13G are incorporated herein by reference.
(iii) Sole power to dispose or to direct the disposition of:
The responses of the Reporting Persons to rows (5) through (11) of the cover pages to this Amendment No. 2 to Schedule 13G are incorporated herein by reference.
(iv) Shared power to dispose or to direct the disposition of:
The responses of the Reporting Persons to rows (5) through (11) of the cover pages to this Amendment No. 2 to Schedule 13G are incorporated herein by reference.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
See response to Item 4.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Silver Point Capital, L.P.
Signature:
/s/ Steven Weiser
Name/Title:
Steven Weiser, Authorized Signatory
Date:
02/17/2026
Edward A. Mule
Signature:
/s/ Steven Weiser
Name/Title:
Steven Weiser, Attorney-in-fact
Date:
02/17/2026
Robert J. O'Shea
Signature:
/s/ Steven Weiser
Name/Title:
Steven Weiser, Attorney-in-fact
Date:
02/17/2026
Exhibit Information
Exhibit Index
Exhibit A Joint Filing Agreement dated February 17, 2026.
Exhibit B Power of Attorney of Edward A. Mule (incorporated here by reference to Exhibit B to Schedule 13G filed by Silver Point Capital, L.P., Edward A. Mule and Robert J. O'Shea with the Securities and Exchange Commission on February 16, 2016 relating to TopBuild Corp.).
Exhibit C Power of Attorney of Robert J. O'Shea (incorporated here by reference to Exhibit C to Schedule 13G filed by Silver Point Capital, L.P., Edward A. Mule and Robert J. O'Shea with the Securities and Exchange Commission on February 16, 2016 relating to TopBuild Corp.).
What stake does Silver Point Capital report in Smart Share Global Limited (EM)?
Silver Point Capital and related individuals report beneficial ownership of 49,342,200 Class A ordinary shares of Smart Share Global Limited, representing 11.4% of that share class, based on 433,223,191 shares outstanding as of July 31, 2025.
Is Silver Point Capital’s 11.4% stake in Smart Share Global considered passive?
Yes. The reporting group certifies the securities were not acquired and are not held to change or influence control of Smart Share Global, which is consistent with filing on Schedule 13G/A generally used for passive, rather than activist, ownership positions.
Who are the reporting persons in the Smart Share Global (EM) Schedule 13G/A amendment?
The reporting persons are Silver Point Capital, L.P., and its principals Edward A. Mule and Robert J. O'Shea. They report beneficial ownership of Smart Share Global’s Class A ordinary shares held through Silver Point investment funds managed by Silver Point or its wholly owned subsidiaries.
How much voting power does Silver Point have in Smart Share Global Limited?
The filers report zero sole voting power and shared voting power over 49,342,200 Class A ordinary shares. They likewise report zero sole dispositive power and shared dispositive power over the same number of shares within their disclosed 11.4% beneficial ownership stake.
On what share count is Silver Point’s 11.4% Smart Share Global ownership based?
The 11.4% figure is based on 433,223,191 Class A ordinary shares issued and outstanding as of July 31, 2025, as disclosed in an Agreement and Plan of Merger referenced in the filing and included in Smart Share Global’s Form 6-K dated August 1, 2025.
Who signed the Smart Share Global (EM) Schedule 13G/A on behalf of the reporting persons?
Steven Weiser signed the Schedule 13G/A amendment as an authorized signatory for Silver Point Capital and as attorney-in-fact for Edward A. Mule and Robert J. O'Shea, with signature dates listed in the document as February 17, 2026.
