Aqua Capital boosts Energizer (ENR) stake with 80,000 open-market share purchases

Rhea-AI Filing Summary

ENERGIZER HOLDINGS, INC. reported that entities affiliated with large shareholder Aqua Capital, Ltd. made open-market purchases of the company’s common stock. Aqua Capital bought 40,000 shares on July 7, 2026 at a weighted average price of $20.8098 per share and another 40,000 shares on July 8, 2026 at a weighted average price of $20.2458 per share, for a total of 80,000 shares. After these transactions, Aqua Capital directly owned 7,420,000 shares of Energizer common stock. Footnotes explain that Aqua Capital is a wholly owned subsidiary of Durango Capital, Ltd., and that Durango Capital, Fundacion Omerinta, Brinza International Corp., Fundacion Barniz and Alfredo Jose Diez Ramirez are indirect beneficial owners of these securities.

Insights

Equity ownership analyst

Large shareholder increased direct Energizer stake with 80,000-share open-market buys.

Entities led by Aqua Capital, Ltd., a ten percent owner of ENERGIZER HOLDINGS, INC., executed two open-market purchases totaling 80,000 common shares around $20–$21 per share. These are discretionary market transactions, not option exercises or tax withholdings.

Following the trades, Aqua Capital held 7,420,000 shares directly, indicating it retains a substantial position in Energizer. The filing also clarifies a multilayered ownership structure in which Durango Capital and several foundations are indirect beneficial owners, giving transparency on who ultimately benefits from this stake.

The net-buy pattern may be viewed as supportive by some investors, but the filing does not provide information on Energizer’s operating performance or valuation. Subsequent company filings will provide the fundamental context needed to interpret this large holder’s trading activity.

Insider Trade Summary

Net Buyer: 80,000 shares ($1,642,224)

Net Buy 2 txns

Insider Aqua Capital, Ltd., Durango Capital, Ltd., Fundacion Omerinta, Brinza International Corp, Fundacion Barniz, Diez Ramirez Alfredo Jose

Role null | null | null | null | null | null

Bought 80,000 shs ($1.64M)

Type	Security	Shares	Price	Value
Purchase	Common Stock	40,000	$20.2458	$810K
Purchase	Common Stock	40,000	$20.8098	$832K

Holdings After Transaction: Common Stock — 7,420,000 shares (Direct, null)

Footnotes (1)

1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $20.3938 to $21.19, inclusive. The reporting person undertakes to provide to Energizer Holdings, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote (1) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $20.10 to $20.37, inclusive. The reporting person undertakes to provide to Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote (1) to this Form 4. These shares are owned directly by Aqua Capital, Ltd., which is a wholly owned subsidiary of Durango Capital, Ltd ("Durango Capital"), which is owned 50% by The Apollo Trust (established under the laws of Bermuda) and 50% by The Minerva Trust (established under the laws of Bermuda). Fundacion Omerinta is the Protector of each of The Apollo Trust and The Minerva Trust and controls the appointment of the trustees of The Apollo Trust and The Minerva Trust. Brinza International Corp. is the founder and sole member of the Foundation Council (which acts like a board of directors) of Fundacion Omerinta, and Fundacion Barniz is the sole shareholder of Brinza International Corp. Alfredo Jose Diez Ramirez is the Founder and Protector of Fundacion Barniz and the sole director and president of Durango Capital, Ltd. Durango Capital, Fundacion Omerinta, Brinza International Corp., Fundacion Barniz and Alfredo Jose Diez Ramirez are indirect beneficial owners of the reported securities.

Key Figures

Shares purchased 2026-07-07: 40,000 shares Shares purchased 2026-07-08: 40,000 shares Total shares purchased: 80,000 shares +3 more

6 metrics

Shares purchased 2026-07-07 40,000 shares Open-market purchase at weighted average price $20.8098

Shares purchased 2026-07-08 40,000 shares Open-market purchase at weighted average price $20.2458

Total shares purchased 80,000 shares Sum of two open-market purchases in July 2026

Holdings after transactions 7,420,000 shares Aqua Capital direct Energizer common stock position

Price range 2026-07-07 $20.3938–$21.19 Multiple trades within this range, weighted to $20.8098

Price range 2026-07-08 $20.10–$20.37 Multiple trades within this range, weighted to $20.2458

Key Terms

open-market purchase, ten percent owner, weighted average price, indirect beneficial owners

4 terms

open-market purchase financial

"transaction_action: open-market purchase"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

ten percent owner financial

"Aqua Capital, Ltd. is marked as a ten percent owner"

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

indirect beneficial owners financial

"Durango Capital, Fundacion Omerinta, Brinza, Fundacion Barniz and Alfredo Jose Diez Ramirez are indirect beneficial owners"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/09/2026 - 04:39 PM Accepted by SEC EDGAR 07/09/2026 - 04:38 PM Learn about SEC filing dates

FAQ

What insider transaction did Aqua Capital report in Energizer (ENR) stock?

Aqua Capital, Ltd. reported open-market purchases of 80,000 shares of Energizer common stock. The trades occurred over two days in July 2026 at weighted average prices slightly above $20 per share, increasing Aqua Capital’s direct holdings to 7,420,000 shares.

At what prices did Aqua Capital buy Energizer (ENR) shares in this Form 4?

Aqua Capital purchased 40,000 Energizer shares at a weighted average price of $20.8098 and another 40,000 shares at $20.2458. Footnotes note actual trade prices ranged from about $20.10 to $21.19 per share across multiple executions within each reported transaction.

How many Energizer (ENR) shares does Aqua Capital own after these transactions?

After the reported purchases, Aqua Capital directly owns 7,420,000 shares of Energizer common stock. This figure, disclosed in the Form 4, reflects its post-transaction position and helps investors understand the scale of its continuing ownership stake in the company.

Who are the indirect beneficial owners of the Energizer (ENR) shares held by Aqua Capital?

The Form 4 explains that Aqua Capital is wholly owned by Durango Capital, Ltd., which is in turn owned by The Apollo Trust and The Minerva Trust. Fundacion Omerinta, Brinza International Corp., Fundacion Barniz and Alfredo Jose Diez Ramirez are identified as indirect beneficial owners of the reported securities.

Are Aqua Capital’s Energizer (ENR) trades in this filing open-market purchases?

Yes. Both transactions are coded “P” and described as open-market or private purchases of Energizer common stock. The filing states weighted average prices and clarifies that the shares were bought in multiple trades within specified price ranges during each transaction date.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Aqua Capital, Ltd.

(Last) (First) (Middle)

C/O CALEDCO CORPORATION

5757 WATERFORD DISTRICT DRIVE, SUITE 370

(Street)

MIAMI FLORIDA 33126

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ENERGIZER HOLDINGS, INC. [ ENR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/07/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/07/2026		P		40,000	A	$20.8098(1)	7,380,000(3)	D
Common Stock	07/08/2026		P		40,000	A	$20.2458(2)	7,420,000(3)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

Aqua Capital, Ltd.

(Last) (First) (Middle)

C/O CALEDCO CORPORATION

5757 WATERFORD DISTRICT DRIVE, SUITE 370

(Street)

MIAMI FLORIDA 33126

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Durango Capital, Ltd.

(Last) (First) (Middle)

C/O CALEDCO CORPORATION

5757 WATERFORD DISTRICT DRIVE, SUITE 370

(Street)

MIAMI FLORIDA 33126

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Fundacion Omerinta

(Last) (First) (Middle)

C/O CALEDCO CORPORATION

5757 WATERFORD DISTRICT DRIVE, SUITE 370

(Street)

MIAMI FLORIDA 33126

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Brinza International Corp

(Last) (First) (Middle)

C/O CALEDCO CORPORATION

5757 WATERFORD DISTRICT DRIVE, SUITE 370

(Street)

MIAMI FLORIDA 33126

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Fundacion Barniz

(Last) (First) (Middle)

C/O CALEDCO CORPORATION

5757 WATERFORD DISTRICT DRIVE, SUITE 370

(Street)

MIAMI FLORIDA 33126

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Diez Ramirez Alfredo Jose

(Last) (First) (Middle)

C/O CALEDCO CORPORATION

5757 WATERFORD DISTRICT DRIVE, SUITE 370

(Street)

MIAMI FLORIDA 33126

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $20.3938 to $21.19, inclusive. The reporting person undertakes to provide to Energizer Holdings, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote (1) to this Form 4.

2. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $20.10 to $20.37, inclusive. The reporting person undertakes to provide to Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote (1) to this Form 4.

3. These shares are owned directly by Aqua Capital, Ltd., which is a wholly owned subsidiary of Durango Capital, Ltd ("Durango Capital"), which is owned 50% by The Apollo Trust (established under the laws of Bermuda) and 50% by The Minerva Trust (established under the laws of Bermuda). Fundacion Omerinta is the Protector of each of The Apollo Trust and The Minerva Trust and controls the appointment of the trustees of The Apollo Trust and The Minerva Trust. Brinza International Corp. is the founder and sole member of the Foundation Council (which acts like a board of directors) of Fundacion Omerinta, and Fundacion Barniz is the sole shareholder of Brinza International Corp. Alfredo Jose Diez Ramirez is the Founder and Protector of Fundacion Barniz and the sole director and president of Durango Capital, Ltd. Durango Capital, Fundacion Omerinta, Brinza International Corp., Fundacion Barniz and Alfredo Jose Diez Ramirez are indirect beneficial owners of the reported securities.

Remarks:

The Reporting Persons are filing this Form 4 because they may be deemed to be members of a Section 13(d) group that collectively beneficially owned more than 10% of the Issuer's outstanding common stock. The filing of this Form 4 shall not be deemed to be an admission that the Reporting Persons are members of such a group. Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of its pecuniary interest, if any, therein, and this Form 4 shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

	/s/ See signatures attached as Exhibit 99.1	07/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)