Wasatch Advisors (FINW) reports 4.4% Finwise Bancorp stake on amended 13G
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
Wasatch Advisors filed an amended Schedule 13G reporting its ownership in Finwise Bancorp. The firm beneficially owns 602,116 shares, representing 4.4% of the company’s common stock as of the reported date. Wasatch has sole voting power over 532,286 shares and sole dispositive power over all 602,116 shares.
The filing states these securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Finwise Bancorp.
Positive
- None.
Negative
- None.
FAQ
What percentage of Finwise Bancorp (FINW) does Wasatch Advisors currently own?
Wasatch Advisors reports beneficial ownership of 4.4% of Finwise Bancorp. This corresponds to 602,116 shares of the company’s common stock, based on the share count used in the filing. The position is reported on an amended Schedule 13G as of the stated event date.
Is Wasatch Advisors seeking to influence control of Finwise Bancorp (FINW)?
Wasatch Advisors states the Finwise Bancorp securities were acquired and are held in the ordinary course of business. The filing specifies they were not acquired and are not held for the purpose of changing or influencing control of the issuer.
Why is Wasatch Advisors filing an amended Schedule 13G for Finwise Bancorp (FINW)?
This document is labeled Amendment No. 1 to a Schedule 13G for Finwise Bancorp. It updates Wasatch Advisors’ reported beneficial ownership, now at 602,116 shares (4.4%) as of the event date, reflecting that the position is at or below the 5% threshold.