Factorial Energy holder WAVE Equity reports stake
Factorial Energy Inc. reports that WAVE Equity GP LP and managing directors Mark Robinson, Praveen Sahay and Haskell Crocker are ten percent owners through several investment funds holding its Class A common stock.
Rhea-AI Filing Summary
Factorial Energy Inc. reports that WAVE Equity GP LP and managing directors Mark Robinson, Praveen Sahay and Haskell Crocker are ten percent owners through several investment funds holding its Class A common stock.
The funds hold 10,584,189 Class A shares via WAVE Equity Fund, L.P., 634,715 shares via WAVE Factorial Energy I, LLC, and 255,548 shares via WAVE AAC/LIO Co-Invest III, LLC as of June 5, 2026. Voting and investment power over the general partners of these funds is shared equally among the three managing directors, and each reporting person disclaims beneficial ownership beyond his or its pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
WAVE Equity GP LP, Robinson Mark Ivers, Sahay Praveen Kant, Crocker Uriel Haskell II
Role
10% Owner | 10% Owner | 10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | CLASS A COMMON STOCK F1, F2 | -- | -- | -- |
| holding | CLASS A COMMON STOCK F1, F3 | -- | -- | -- |
| holding | CLASS A COMMON STOCK F1, F2 | -- | -- | -- |
Holdings After Transaction:
CLASS A COMMON STOCK — 10,584,189 shares (Indirect, By WAVE Equity Fund, L.P.);
CLASS A COMMON STOCK — 634,715 shares (Indirect, By WAVE Factorial Energy I, LLC);
CLASS A COMMON STOCK — 255,548 shares (Indirect, By WAVE AAC/LIO Co-Invest III, LLC)
Footnotes (3)
- F1. This statement is filed jointly by WAVE Equity GP LP and by the three managing directors, Mark Robinson, Praveen Sahay and Haskell Crocker (the "Managing Directors"). The securities are held of record by WAVE Equity Fund, L.P., WAVE Factorial Energy I, LLC and WAVE AAC/LIO Co-Invest III, LLC (the "Funds"). Voting and investment power over WAVE Equity GP LP and WAVE Equity LLC (the general partners of the Funds) is shared equally among the three Managing Directors, each holding a one-third vote, such that any voting or disposition of the securities requires the concurrence of at least two of the three Managing Directors and no Managing Director may act unilaterally. Accordingly, each Managing Director may be deemed to share beneficial ownership of all of the securities held by the Funds. Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its or his pecuniary interest therein.
- F2. WAVE Equity GP LP is the general partner of WAVE Equity Fund, L.P. and WAVE AAC/LIO Co-Invest III, LLC and may be deemed to share voting and dispositive power over, and beneficial ownership of, the shares held by those two entities. WAVE Equity GP LP does not have voting or dispositive power over, and disclaims beneficial ownership of, the shares held by WAVE Factorial Energy I, LLC.
- F3. WAVE Equity LLC is the general partner of WAVE Factorial Energy I, LLC and may be deemed to share voting and dispositive power over the shares held by that entity. WAVE Equity LLC beneficially owns 634,715 shares (less than 10% of the outstanding Class A common stock) and is therefore not a reporting person on this statement; it is identified solely to explain the beneficial ownership chain.
Key Figures
Indirect Class A shares via WAVE Equity Fund, L.P.: 10584189 shares
Indirect Class A shares via WAVE Factorial Energy I, LLC: 634715 shares
Indirect Class A shares via WAVE AAC/LIO Co-Invest III, LLC: 255548 shares
+1 more
4 metrics
Indirect Class A shares via WAVE Equity Fund, L.P.
10584189 shares
Indirect holdings of Factorial Energy Class A common stock as of June 5, 2026
Indirect Class A shares via WAVE Factorial Energy I, LLC
634715 shares
Indirect holdings of Factorial Energy Class A common stock as of June 5, 2026
Indirect Class A shares via WAVE AAC/LIO Co-Invest III, LLC
255548 shares
Indirect holdings of Factorial Energy Class A common stock as of June 5, 2026
Managing directors sharing control
3
Three managing directors each hold a one-third vote over the general partners of the funds
Key Terms
beneficial ownership, voting and investment power, dispositive power, pecuniary interest
4 terms
beneficial ownership financial
"may be deemed to share beneficial ownership of all of the securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
voting and investment power financial
"Voting and investment power over WAVE Equity GP LP and WAVE Equity LLC"
dispositive power financial
"may be deemed to share voting and dispositive power over"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
pecuniary interest financial
"disclaims beneficial ownership of the reported securities except to the extent of its or his pecuniary interest"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Who are the reporting persons for Factorial Energy (FAC) in this ownership disclosure?
The reporting persons are WAVE Equity GP LP and managing directors Mark Robinson, Praveen Sahay and Haskell Crocker, each identified as a ten percent owner through their shared control of investment funds holding Factorial Energy Class A common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
