Seemab reports 8.8% FAT Brands (FAT) stake in amended Schedule 13G

Rhea-AI Filing Summary

FAT Brands, Inc. shareholder Muhammad Asif Seemab filed an amended Schedule 13G reporting increased ownership of the company’s Class A common stock. He beneficially owns 1,462,409 common shares, representing 8.8% of the class, based on 16,668,520 shares outstanding as of November 7, 2025.

The amendment reflects additional common shares acquired after a prior filing made on November 26, 2025. Seemab also holds 382,155 shares of Series B Cumulative Preferred Stock. Because FAT Brands is in default on ten monthly preferred dividends, below the 18-month threshold, these preferred shares currently have no voting rights.

The filing states that the securities were not acquired for the purpose of changing or influencing control of FAT Brands and are not held as part of any control-related group or transaction.

Insights

Equity ownership & regulatory disclosure analyst

Large shareholder reports 8.8% FAT Brands stake on a passive Schedule 13G/A.

Muhammad Asif Seemab now reports beneficial ownership of 1,462,409 FAT Brands Class A common shares, or 8.8% of the class, calculated against 16,668,520 shares outstanding as of November 7, 2025. This Amendment No. 1 updates an earlier filing to capture additional purchases.

He also holds 382,155 Series B Cumulative Preferred shares. According to the disclosure, these preferred shares become entitled as a group to elect two directors only if FAT Brands is in default on at least 18 monthly dividends. The company is described as being in default on ten such payments, so the preferred shares currently have no voting rights.

The certification indicates the holdings are not intended to change or influence control of FAT Brands. Overall, this is a routine regulatory update that clarifies a significant passive ownership position rather than signaling a control contest or strategic transaction.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

FAT Brands, Inc.

(Name of Issuer)

Class A Common Stock

(Title of Class of Securities)

30258N105

(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. 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 1,462,409.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,462,409.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,462,409.00

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)

8.8 %

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. 1 amends the Schedule 13G filed on November 26, 2025 to report additional shares of Class A Common Stock ("Common Shares") of FAT Brands, Inc. ("Issuer") acquired by Mr. Seemab. The percentages in this filing are based on 16,668,520 shares of Class A Common Stock as of November 7, 2025 as reported in the Issuer's Form 10Q for the quarter ended September 28, 2025. In addition to the Common Shares, Mr. Seemab also owns 382,155 shares of Series B Cumulative Preferred Stock ("Preferred Shares") of the Issuer. The number of Common Shares and Preferred Shares reported in this filing are as of February 6, 2026. According to documents filed by the Issuer, the holders of the Preferred Shares as a group are entitled to elect two directors of the Issuer if the Issuer is in default of 18 or more monthly dividend payments. To the best knowledge of the reporting person, the Issuer is in default of ten monthly payments as of the date of this filing. Consequently, the Preferred Shares currently are non-voting securities.
(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 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: 1,462,409
(b)	Percent of class: 8.8%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,462,409
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1,462,409
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	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:	02/11/2026

FAQ

How many FAT Brands (FAT) common shares does Muhammad Asif Seemab own?

Muhammad Asif Seemab beneficially owns 1,462,409 FAT Brands Class A common shares. The filing states this represents 8.8% of the class, calculated using 16,668,520 shares outstanding as of November 7, 2025, as reported in FAT Brands’ Form 10-Q.

What ownership percentage in FAT Brands (FAT) does Seemab’s stake represent?

Seemab’s stake represents 8.8% of FAT Brands’ Class A common stock. This percentage is based on 16,668,520 shares outstanding as of November 7, 2025, according to the company’s Form 10-Q for the quarter ended September 28, 2025.

What additional securities in FAT Brands (FAT) does Seemab hold besides common stock?

In addition to common shares, Seemab owns 382,155 shares of FAT Brands’ Series B Cumulative Preferred Stock. The filing notes these preferred shares currently do not carry voting rights because the dividend default threshold for electing directors has not been reached.

Why are Seemab’s Series B Preferred Shares in FAT Brands (FAT) currently non-voting?

The Series B Preferred Shares become entitled as a group to elect two directors if FAT Brands defaults on 18 or more monthly dividends. The filing states the company is in default on ten monthly payments, so the preferred shares presently have no voting rights.

What is the purpose of Muhammad Asif Seemab’s Schedule 13G/A for FAT Brands (FAT)?

The Schedule 13G/A is an amended filing updating Seemab’s beneficial ownership of FAT Brands’ Class A common stock to reflect additional acquired shares. He also certifies the securities were not acquired to change or influence control of the company.

On what share count is Seemab’s 8.8% FAT Brands (FAT) ownership based?

The 8.8% ownership figure is based on 16,668,520 FAT Brands Class A common shares outstanding as of November 7, 2025. This share count comes from FAT Brands’ Form 10-Q for the quarter ended September 28, 2025, cited in the filing.