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EVC Filing: Seros Trustees Hold 16.14% After Estate Settlement; Open-Market Sales Disclosed

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Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Entravision Communications (EVC) Schedule 13D/A: Alexandra Seros and trustee affiliates report combined beneficial ownership of 13,170,752 shares (16.14%) of Class A common stock based on 81,623,559 shares outstanding as of August 1, 2025. The filing discloses settlement of the Estate of Walter F. Ulloa on September 9, 2024, which distributed 1,220,201 shares to the Survivor's Trust, 1,087,571 shares to the Non-Exempt Marital Trust and 344,840 shares to the Bypass Trust, and a transfer of 425 shares into the Survivor's Trust. The Survivor's Trust sold 81,802 shares across August 19–21, 2025 for aggregate gross proceeds of approximately $194,309 (weighted average prices ~ $2.35–$2.39). The Survivor's Trust states an intent to sell, subject to market conditions, up to 1,000,000 shares in the open market for diversification, tax and estate planning. Reporting persons have sole voting and dispositive power over the disclosed shares and remain party to a previously filed Cooperation Agreement with the issuer.

Positive

  • Clear disclosure of ownership consolidation following the settlement of the Ulloa estate, showing 13,170,752 shares (16.14%) beneficially owned
  • Trustees have sole voting and dispositive power, providing clarity on who controls the shares
  • Reporting of open-market sales for transparency: 81,802 shares sold with weighted average prices disclosed

Negative

  • Survivor's Trust intends to sell up to 1,000,000 shares in the open market, which could increase supply of shares outstanding
  • Aggregate holdings stem from estate settlement, indicating potential for future transfers or trust-driven dispositions

Insights

TL;DR: Reporting group holds a meaningful 16.14% stake and has begun modest open-market sales while reserving the right to sell up to 1,000,000 shares.

The disclosed ownership concentration is material for shareholders: 16.14% is a substantial block that can influence governance outcomes or market sentiment. The August 19–21 sales totaling 81,802 shares produced roughly $194k in proceeds, indicating partial execution of the stated diversification plan. The explicit notice of up to 1,000,000 shares available for future sale is important for liquidity and potential supply considerations. All holdings derive from settlement of the Ulloa estate and are controlled by Ms. Seros as trustee; legal structure and sole dispositive power are clearly stated.

TL;DR: Concentrated family/trust ownership consolidated under a trustee; interactions with the issuer continue under an existing Cooperation Agreement.

The filing clarifies post-settlement ownership transition from the Estate to multiple trusts and identifies trustees with sole voting and dispositive authority. That centralized control simplifies decision-making but maintains a single-point influence over a material position. The Cooperation Agreement remains in place by reference, which may preserve prior governance arrangements. Disclosures about no criminal or relevant civil proceedings in the last five years reduce governance/legal flags in this filing.






If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






SCHEDULE 13D




Comment for Type of Reporting Person:
(1) The amount set forth in rows 7, 9 and 11 above consists of 11,738,341 shares of Class A Common Stock held of record by Alexandra Seros, as Trustee of The Survivor's Trust (the "Survivor's Trust") under The Seros Ulloa Family Trust of 1996 (the "The Seros Ulloa Family Trust"). Alexandra Seros, who was Mr. Walter Ulloa's wife, became the sole trustee to the Seros Ulloa Family Trust following Mr. Ulloa's death on December 31, 2022, and upon settlement of the Estate of Walter F. Ulloa on September 9, 2024, 1,220,201 shares of Class A Common Stock were settled into the Survivor's Trust under the Seros Ulloa Family Trust, and 425 shares of Class A Common Stock previously held by Ms. Seros individually were contributed to the Survivor's Trust. Ms. Seros has sole voting and dispositive power over the shares held of record by the Survivor's Trust. (2) The percent of class set forth in row 13 above was calculated based on 81,623,559 shares of the Issuer's Class A Common Stock outstanding as of August 1, 2025, as disclosed in the Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission (the "SEC") by Entravision Communications Corporation on August 5, 2025.


SCHEDULE 13D




Comment for Type of Reporting Person:
(1) The amount set forth in rows 7, 9 and 11 above consists of 1,087,571 shares of Class A Common Stock held of record by Alexandra Seros, as Trustee of The Non-Exempt Marital Trust (the "Non-Exempt Marital Trust") under The Seros Ulloa Family Trust. Alexandra Seros, who was Mr. Walter Ulloa's wife, became the sole trustee to the Seros Ulloa Family Trust following Mr. Ulloa's death on December 31, 2022, and upon settlement of the Estate of Walter F. Ulloa on September 9, 2024, 1,087,571 of Class A Common Stock were settled into the Non-Exempt Marital Trust under the Seros Ulloa Family Trust. Ms. Seros has sole voting and dispositive power over the shares held of record by the Non-Exempt Marital Trust. (2) The percent of class set forth in row 13 above was calculated based on 81,623,559 shares of the Issuer's Class A Common Stock outstanding as of August 1, 2025, as disclosed in the Quarterly Report on Form 10-Q filed with the SEC by Entravision Communications Corporation on August 5, 2025.


SCHEDULE 13D




Comment for Type of Reporting Person:
(1) The amount set forth in rows 7, 9 and 11 above consists of 344,840 shares of Class A Common Stock held of record by Alexandra Seros, as Trustee of The Bypass Trust (the "Bypass Trust") under The Seros Ulloa Family Trust. Alexandra Seros, who was Mr. Walter Ulloa's wife, became the sole trustee to the Seros Ulloa Family Trust following Mr. Ulloa's death on December 31, 2022, and upon settlement of the Estate of Walter F. Ulloa on September 9, 2024, 344,840 shares of Class A Common Stock were settled into the Bypass Trust under the Seros Ulloa Family Trust. Ms. Seros has sole voting and dispositive power over the shares held of record by the Bypass Trust. (2) The percent of class set forth in row 13 above was calculated based on 81,623,559 shares of the Issuer's Class A Common Stock outstanding as of August 1, 2025, as disclosed in the Quarterly Report on Form 10-Q filed with the SEC by Entravision Communications Corporation on August 5, 2025.


SCHEDULE 13D




Comment for Type of Reporting Person:
(1) The amount set forth in rows 7, 9 and 11 above consists of 889,848 shares of Class A Common Stock held of record by Thomas Strickler, as Trustee of The Walter F. Ulloa Irrevocable Trust of 1996 (the "Ulloa Irrevocable Trust"). Mr. Strickler has sole voting and dispositive power over the shares held of record by the Ulloa Irrevocable Trust. (2) The percent of class set forth in row 13 was calculated based on 81,623,559 shares of the issuer's Class A Common Stock outstanding as of August 1, 2025, as disclosed in the Quarterly Report on Form 10-Q filed with the SEC by Entravision Communications Corporation on August 5, 2025.


SCHEDULE 13D




Comment for Type of Reporting Person:
(1) The amount set forth in rows 7, 9 and 11 above consists of 11,738,341 shares of Class A Common Stock held of record by Alexandra Seros, as Trustee of the Survivor's Trust, 1,087,571 shares of Class A Common Stock held of record by Alexandra Seros, as Trustee of the Non-Exempt Marital Trust, and 344,840 shares of Class A Common Stock held of record by Alexandra Seros, as Trustee of the Non-Exempt Marital Trust. Ms. Seros has sole voting and dispositive power over the shares held of record by the Survivor's Trust, the Non-Exempt Marital Trust and the Bypass Trust. (2) The percent of class set forth in row 13 above was calculated based on 81,623,559 shares of the Issuer's Class A Common Stock outstanding as of August 1, 2025, as disclosed in the Quarterly Report on Form 10-Q filed with the SEC by Entravision Communications Corporation on August 5, 2025.


SCHEDULE 13D


Alexandra Seros, as Trustee of The Survivor's Trust under the Seros Ulloa Family Trust of 1996
Signature:/s/ Alexandra Seros
Name/Title:Alexandra Seros, Trustee
Date:08/21/2025
Alexandra Seros, as Trustee of The Non-Exempt Marital Trust under The Seros Ulloa Family Trust of 1996
Signature:/s/ Alexandra Seros
Name/Title:Alexandra Seros, Trustee
Date:08/21/2025
Alexandra Seros, as Trustee of The Bypass Trust under The Seros Ulloa Family Trust of 1996
Signature:/s/ Alexandra Seros
Name/Title:Alexandra Seros, Trustee
Date:08/21/2025
Thomas Strickler, as Trustee of The Walter F. Ulloa Irrevocable Trust of 1996
Signature:/s/ Thomas Strickler
Name/Title:Thomas Strickler, Trustee
Date:08/21/2025
Alexandra Seros
Signature:/s/ Alexandra Seros
Name/Title:Alexandra Seros
Date:08/21/2025

FAQ

How many Entravision (EVC) shares do the reporting persons beneficially own?

The reporting persons beneficially own 13,170,752 shares, representing 16.14% of Class A common stock based on 81,623,559 shares outstanding as of August 1, 2025.

Did the reporting persons sell any EVC shares recently?

Yes. The Survivor's Trust sold 81,802 shares in the open market on August 19–21, 2025 for gross proceeds of approximately $194,309 at weighted average prices ~ $2.35–$2.39 per share.

Are there plans for additional EVC share sales?

The Survivor's Trust stated it currently intends to sell, subject to market conditions, up to 1,000,000 shares in the open market for diversification, tax and estate planning purposes.

Who controls the voting and disposition of the reported EVC shares?

Alexandra Seros, as trustee of the Survivor's Trust, Non-Exempt Marital Trust and Bypass Trust, and Thomas Strickler, as trustee of the Ulloa Irrevocable Trust, each have sole voting and dispositive power over the shares held by their respective trusts.

How did the reporting persons acquire these EVC shares?

The shares were distributed from the Estate of Walter F. Ulloa upon settlement on September 9, 2024, into the Survivor's Trust, Non-Exempt Marital Trust and Bypass Trust; 425 additional shares were transferred into the Survivor's Trust.
Entravision Communications Cp

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