Muhammad Asif Seemab sells out of FAT Brands (NASDAQ: FAT) — Amendment filed

Rhea-AI Filing Summary

FAT Brands, Inc. Amendment No. 2 to a Schedule 13G/A reports that Muhammad Asif Seemab has sold his entire position in the issuer's Class A Common Stock and Series B Cumulative Preferred Stock. The amendment restates prior filings and records the reporting person’s ownership as zero as of the filing date.

Insights

Corporate Governance Analyst

Amendment records full divestiture by a previously reported holder.

The filing amends prior Schedule 13G/A entries and states that Muhammad Asif Seemab "has sold all Common Shares and Preferred Shares." This converts a prior beneficial‑ownership disclosure into a zero‑ownership position as recorded in the amendment.

Holder actions like this are administrative disclosures; subsequent filings or trading records would show timing and size. Relevant follow‑up would appear in future ownership filings or trading reports if additional transfers occur.

Key Figures

Filing type: Schedule 13G/A (Amendment No. 2) CUSIP: 30258N105 Signature date: 05/18/2026 +1 more

4 metrics

Filing type Schedule 13G/A (Amendment No. 2) Amendment to prior filings

CUSIP 30258N105 Class A Common Stock identifier

Signature date 05/18/2026 Reporting person signature date

Ownership reported 0.0% Percent of class shown in excerpt

Key Terms

Schedule 13G/A, Class A Common Stock, Series B Cumulative Preferred Stock

3 terms

Schedule 13G/A regulatory

"This Amendment No. 2 amends the original filed on November 26, 2025"

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.

Class A Common Stock financial

"Title of class of securities: Class A Common Stock"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Series B Cumulative Preferred Stock financial

"ownership of shares of Series B Cumulative Preferred Stock ("Preferred Shares")"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/18/2026 - 05:04 PM Learn about SEC filing dates

FAQ

What does FAT Brands (FAT) Schedule 13G/A Amendment No. 2 report?

It reports that Muhammad Asif Seemab "has sold all Common Shares and Preferred Shares." The amendment updates earlier Schedule 13G/A filings to record the reporting person's divestiture as of 05/18/2026.

Does the filing show how many FAT shares were sold by Muhammad Asif Seemab?

The amendment states the reporting person "sold all Common Shares and Preferred Shares" but does not provide a specific share count in the excerpt. The filing records the ownership position as zero on the amendment date.

Which FAT securities are mentioned in the amendment?

The amendment identifies Class A Common Stock and Series B Cumulative Preferred Stock as the securities involved. The Class A CUSIP shown in the excerpt is 30258N105.

When was the Schedule 13G/A Amendment No. 2 signed?

The signature block shows the reporting person, Muhammad Asif Seemab, signed the amendment on 05/18/2026, certifying the sale and the amended ownership disclosure.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

FAT Brands, Inc.

(Name of Issuer)

Class A Common Stock

(Title of Class of Securities)

30258N105

(CUSIP Number)

05/18/2026

(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

CUSIP Number(s): 30258N105

1

Names of Reporting Persons

Muhammad Asif Seemab

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

PAKISTAN

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

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)

0.0 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: FAT Brands, Inc.
(b)	Address of issuer's principal executive offices: 9720 Wilshire Blvd, Suite 500 , Beverly Hills, CA, 90812.
Item 2.
(a)	Name of person filing: This Amendment No. 2 amends the original Schedule 13G filed on November 26, 2025 and Amendment No. 1 filed on February 11, 2026 (together, "Schedule 13G"). The Schedule 13G reported the shares of Class A Common Stock ("Common Shares") of FAT Brands, Inc. ("Issuer") owned by Mr. Seemab. In addition, the Schedule 13G reported Mr. Seemab's ownership of shares of Series B Cumulative Preferred Stock ("Preferred Shares"). This Amendment No. 2 is being filed to report that Mr. Seemab has sold all Common Shares and Preferred Shares.
(b)	Address or principal business office or, if none, residence:
(c)	Citizenship:
(d)	Title of class of securities: Class A Common Stock
(e)	CUSIP No.: 30258N105
Item 4.	Ownership
(a)	Amount beneficially owned:
(b)	Percent of class:
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote:
	(ii) Shared power to vote or to direct the vote:
	(iii) Sole power to dispose or to direct the disposition of:
	(iv) Shared power to dispose or to direct the disposition of:
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
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.

Muhammad Asif Seemab

Signature:	Muhammad Asif Seemab
Name/Title:	Muhammad Asif Seemab, Reporting Person
Date:	05/18/2026