Flowco Holdings Inc.beneficial ownership statement: Jonathan B. Fairbanks and affiliated GEC entities report combined holdings of 29,003,413 shares of Class A Common Stock, representing 41.3% of the Class A on the disclosed basis. The percentage is calculated using 41,816,350 shares outstanding following the issuer's March 23, 2026 offering (including the underwriters' full exercise of their option) plus shares issuable on exchange of paired interests under the Restated LLC Agreement. The filing lists specific shared and sole voting and dispositive powers across the Reporting Persons and explains that certain Common Units are paired with Class B shares and are exchangeable into Class A shares (or cash) pursuant to the Restated LLC Agreement.
Positive
None.
Negative
None.
Insights
Major shareholder group reports concentrated voting power.
Jonathan B. Fairbanks and affiliated GEC entities together report beneficial ownership of 29,003,413 shares, equal to 41.3% of Class A on the stated basis. The disclosure breaks down sole and shared voting/dispositive powers, showing most economic and voting influence held through shared holdings in GEC-managed funds.
The filing emphasizes that certain interests are paired units exchangeable into Class A shares under the Restated LLC Agreement; conversion mechanics and the issuer's cash‑out election are described. Subsequent filings or exchanges will change voting composition if exercised.
Schedule 13G/A clarifies group reporting and Rule 13d calculations.
The percentages are calculated using 41,816,350 shares outstanding after the March 23, 2026 offering and add shares issuable on exchange per Rule 13d-3(d)(1)(i). The Statement includes a Joint Filing Agreement and disclaims beneficial ownership of Separately Filing Group Members.
Material changes to these figures require amended filings per the Exchange Act; conversions of Paired Interests under the LLC agreement would change the disclosed counts and voting profile.
Key Figures
Beneficial ownership (Fairbanks):29,003,413 sharesClass A shares outstanding (basis):41,816,350 sharesOwnership percentage (Fairbanks):41.3%+2 more
5 metrics
Beneficial ownership (Fairbanks)29,003,413 sharesreported beneficial ownership by Jonathan B. Fairbanks
Class A shares outstanding (basis)41,816,350 sharesoutstanding after March 23, 2026 offering (underwriters exercised option)
Ownership percentage (Fairbanks)41.3%percentage of Class A calculated per filing
GEC Estis Co-Invest II LLC holdings14,980,623 sharesshared voting/dispositive power reported
GEC Group B Ltd. holdings21,544,056 sharesshared voting/dispositive power reported
Key Terms
Paired Interest, Common Unit, Restated LLC Agreement, Rule 13d-3(d)(1)(i)
4 terms
Paired Interestregulatory
"Each Common Unit of Flowco MergeCo (the "Common Unit") is paired with one share of Class B common stock"
Common Unitmarket
"Each Common Unit of Flowco MergeCo (the "Common Unit") is paired with one share of Class B common stock"
A common unit is a single piece of ownership in a company, fund, or trust—similar to an ordinary share but often used for pooled vehicles or listings where securities are packaged or governed differently. It matters to investors because each unit represents a claim on profits and, commonly, voting power; like holding a seat at a table, the number of units you own affects your share of returns and influence, and unit structures can also affect liquidity and tax treatment.
Restated LLC Agreementlegal
"Pursuant to a Second Amended and Restated Limited Liability Company Agreement of Flowco MergeCo (the "Restated LLC Agreement")"
Rule 13d-3(d)(1)(i)regulatory
"added to the total shares of Class A Common Stock outstanding pursuant to Rule 13d-3(d)(1)(i) under the Act"
What stake does Jonathan B. Fairbanks report in Flowco Holdings (FLOC)?
Mr. Fairbanks is reported as beneficially owning 29,003,413 shares, which the filing states equals 41.3% of Class A based on the disclosed outstanding share count and exchangeable interests.
How was the 41.3% ownership percentage calculated?
The percentage uses 41,816,350 shares outstanding following the March 23, 2026 underwritten offering, plus shares issuable upon exchange of Paired Interests per Rule 13d-3(d)(1)(i), as stated in the filing.
What are Paired Interests and how do they affect ownership?
Each Paired Interest pairs a Flowco MergeCo Common Unit with a Class B share; the filing states each Paired Interest is exchangeable into one Class A share (or cash) under the Restated LLC Agreement, which can alter Class A counts if exchanged.
Do the GEC entities report sole or shared voting power?
The filing shows largely shared voting and dispositive power across GEC entities (for example, GEC Advisors LLC: 28,985,788 shared), while Mr. Fairbanks reports small sole voting/dispositive holdings of 17,625 shares.
Are there other related parties included in this filing?
Yes. The filing identifies multiple GEC entities (for example, GEC Estis Co-Invest II LLC: 14,980,623 shares) and refers to Separately Filing Group Members who filed or may file separate statements; the Reporting Persons disclaim beneficial ownership of those members' shares.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Flowco Holdings Inc.
(Name of Issuer)
Class A Common Stock, par value $0.0001 per share
(Title of Class of Securities)
342909108
(CUSIP Number)
03/31/2026
(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):
342909108
1
Names of Reporting Persons
Fairbanks Jonathan B.
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
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
17,625.00
6
Shared Voting Power
28,985,788.00
7
Sole Dispositive Power
17,625.00
8
Shared Dispositive Power
28,985,788.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
29,003,413.00
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)
41.3 %
12
Type of Reporting Person (See Instructions)
IN, HC
Comment for Type of Reporting Person: 1. Sole voting power and sole dispositive power includes (i) an aggregate of 2,000 shares of Class A Common Stock owned by Mr. Fairbanks' children and (ii) 15,625 restricted stock units, each representing a contingent right to receive one share of Class A Common Stock, that vest in substantially equal quarterly installments over 3 years following the grant date of January 17, 2025.
2. Shared voting power and shared dispositive power includes (i) 14,980,623 Common Units (as defined below in Item 2) held directly by GEC Estis Co-Invest II LLC; (ii) 7,089,834 Common Units held directly by GEC Partners III LP; and (iii) 6,252,037 Common Units held directly by GEC Partners III-B LP.
3. Aggregate amount beneficially owned by each Reporting Person reported herein does not include shares of Class A Common Stock held by the Separately Filing Group Members, as further described in Item 8.
SCHEDULE 13G
CUSIP Number(s):
342909108
1
Names of Reporting Persons
GEC Advisors LLC
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
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
28,985,788.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
28,985,788.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
28,985,788.00
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)
41.3 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: 1. Shared voting power and shared dispositive power includes (i) 14,980,623 Common Units held directly by GEC Estis Co-Invest II LLC; (ii) 7,089,834 Common Units held directly by GEC Partners III LP; and (iii) 6,252,037 Common Units held directly by GEC Partners III-B LP.
2. Aggregate amount beneficially owned by each Reporting Person reported herein does not include shares of Class A Common Stock held by the Separately Filing Group Members, as further described in Item 8.
SCHEDULE 13G
CUSIP Number(s):
342909108
1
Names of Reporting Persons
GEC Group B Ltd
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
BERMUDA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
21,544,056.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
21,544,056.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
21,544,056.00
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)
34.2 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: 1. Shared voting power and shared dispositive power includes (i) 14,980,623 Common Units held directly by GEC Estis Co-Invest II LLC and (ii) 6,252,037 Common Units held directly by GEC Partners III-B LP.
2. Aggregate amount beneficially owned by each Reporting Person reported herein does not include shares of Class A Common Stock held by the Separately Filing Group Members, as further described in Item 8.
SCHEDULE 13G
CUSIP Number(s):
342909108
1
Names of Reporting Persons
GEC Capital Group III-B LP
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
BERMUDA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
21,544,056.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
21,544,056.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
21,544,056.00
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)
34.2 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: 1. Shared voting power and shared dispositive power includes (i) 14,980,623 Common Units held directly by GEC Estis Co-Invest II LLC and (ii) 6,252,037 Common Units held directly by GEC Partners III-B LP.
2. Aggregate amount beneficially owned by each Reporting Person reported herein does not include shares of Class A Common Stock held by the Separately Filing Group Members, as further described in Item 8.
SCHEDULE 13G
CUSIP Number(s):
342909108
1
Names of Reporting Persons
GEC Estis Co-Invest II LLC
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
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
14,980,623.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
14,980,623.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
14,980,623.00
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)
26.4 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: 1. Shared voting power and shared dispositive power consists of 14,980,623 Common Units held directly by the Reporting Person.
2. Aggregate amount beneficially owned by each Reporting Person reported herein does not include shares of Class A Common Stock held by the Separately Filing Group Members, as further described in Item 8.
SCHEDULE 13G
CUSIP Number(s):
342909108
1
Names of Reporting Persons
GEC Group Ltd
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
BERMUDA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
7,441,732.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
7,441,732.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
7,441,732.00
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)
15.2 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: 1. Shared voting power and shared dispositive power includes 7,089,834 Common Units held directly by GEC Partners III LP.
2. Aggregate amount beneficially owned by each Reporting Person reported herein does not include shares of Class A Common Stock held by the Separately Filing Group Members, as further described in Item 8.
SCHEDULE 13G
CUSIP Number(s):
342909108
1
Names of Reporting Persons
GEC Capital Group III LP
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
BERMUDA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
7,441,732.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
7,441,732.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
7,441,732.00
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)
15.2 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: 1. Shared voting power and shared dispositive power includes 7,089,834 Common Units held directly by GEC Partners III LP.
2. Aggregate amount beneficially owned by each Reporting Person reported herein does not include shares of Class A Common Stock held by the Separately Filing Group Members, as further described in Item 8.
SCHEDULE 13G
CUSIP Number(s):
342909108
1
Names of Reporting Persons
GEC Partners III LP
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
BERMUDA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
7,089,834.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
7,089,834.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
7,089,834.00
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)
14.5 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: 1. Shared voting power and shared dispositive power consists of 7,089,834 Common Units held directly by the Reporting Person.
2. Aggregate amount beneficially owned by each Reporting Person reported herein does not include shares of Class A Common Stock held by the Separately Filing Group Members, as further described in Item 8.
SCHEDULE 13G
CUSIP Number(s):
342909108
1
Names of Reporting Persons
GEC Partners III B LP
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
BERMUDA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
6,252,037.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
6,252,037.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
6,252,037.00
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)
13 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: 1. Shared voting power and shared dispositive power consists of 6,252,037 Common Units held directly by the Reporting Person.
2. Aggregate amount beneficially owned by each Reporting Person reported herein does not include shares of Class A Common Stock held by the Separately Filing Group Members, as further described in Item 8.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Flowco Holdings Inc.
(b)
Address of issuer's principal executive offices:
1300 Post Oak Blvd., Suite 450, Houston, Texas, 77056
Item 2.
(a)
Name of person filing:
Jonathan B. Fairbanks
GEC Advisors LLC
GEC Group B Ltd.
GEC Capital Group III-B LP
GEC Estis Co-Invest II LLC
GEC Group Ltd.
GEC Capital Group III LP
GEC Partners III LP
GEC Partners III-B LP (each, a "Reporting Persons" and, collectively, the "Reporting Persons")
This statement on Schedule 13G (this "Statement") relates to the shares of Common A common stock, par value $0.0001 per share, of the Issuer ("Class A Common Stock") held by the Reporting Persons as well as the shares of Common A Common Stock that the Reporting Persons have the right to acquire upon exchange of the Paired Interests (as defined below in this Item 2). Each Common Unit of Flowco MergeCo (the "Common Unit") is paired with one share of Class B common stock of the Issuer ("Class B Common Stock", and together with the paired Common Unit, the "Paired Interest"). Pursuant to a Second Amended and Restated Limited Liability Company Agreement of Flowco MergeCo (the "Restated LLC Agreement"), each Paired Interest is exchangeable into one share of Class A Common Stock (or at the Issuer's election, cash based on the redemption rate set forth in the Restated LLC Agreement and the value of the Class A Common Stock at the time of the exchange), subject to the terms of the Restated LLC Agreement. Upon an exchange of the Paired Interests for Class A Common Stock, the corresponding number of shares of Class B Common Stock, which entitle its holder to one vote per share on all matters presented to the Issuer's stockholders generally, will be cancelled.
(b)
Address or principal business office or, if none, residence:
The business address of each of the Reporting Persons is: 2415 W. Alabama St., Suite 220, Houston, Texas 77098.
(c)
Citizenship:
Jonathan B. Fairbanks, a citizen of the United States residing in Houston, Texas ("Mr. Fairbanks").
GEC Advisors LLC is a Delaware limited liability company; GEC Group B Ltd. is a Bermuda exempted company; GEC Capital Group III-B LP is a Bermuda exempted limited partnership; GEC Estis Co-Invest II LLC is a Delaware limited liability company; GEC Group Ltd. is a Bermuda exempted company; GEC Capital Group III LP is a Bermuda exempted limited partnership; GEC Partners III LP is a Bermuda exempted limited partnership; and GEC Partners III-B LP is a Bermuda exempted limited partnership (collectively, the "GEC Entities").
(d)
Title of class of securities:
Class A Common Stock, par value $0.0001 per share
(e)
CUSIP No.:
342909108
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:
GEC Capital Group III LP is the general partner of each of GEC Partners III LP and GEC Partners III GI LP, the direct holder of 351,898 shares of Class A Common Stock. GEC Group Ltd. is the general partner of GEC Capital Group III LP. GEC Capital Group III-B LP is the managing member or general partner of each of GEC Estis Co-Invest II LLC, GEC Partners III-B LP and GEC Partners III-B GI LP, the direct holder of 311,396 shares of Class A Common Stock. GEC Group B Ltd. is the general partner of GEC Capital Group III-B LP. Mr. Fairbanks serves as a director on the Issuer's board of directors and is the manager and controlling member of GEC Group Ltd. and GEC Group B Ltd., as well as GEC Advisors LLC, a registered investment advisor to the funds that beneficially own such shares, with discretionary authority over each such fund's accounts.
Jonathan B. Fairbanks: 29,003,413
GEC Advisors LLC: 28,985,788
GEC Group B Ltd.: 21,544,056
GEC Capital Group III-B LP: 21,544,056
GEC Estis Co-Invest II LLC: 14,980,623
GEC Group Ltd.: 7,441,732
GEC Capital Group III LP: 7,441,732
GEC Partners III LP: 7,089,834
GEC Partners III-B LP: 6,252,037
(b)
Percent of class:
The percentage of each Reporting Person set forth herein is calculated based on 41,816,350 shares of Class A Common Stock outstanding following the Issuer's underwritten offering that closed on March 23, 2026, and after the underwriters exercised their option to purchase additional shares of Class A Common Stock in full, as reported on the Issuer's prospectus on Form 424B7, filed on March 20, 2026, plus the shares of Class A Common Stock that each Reporting Person has the right to acquire upon exchange of the Paired Interests, which amount has been added to the total shares of Class A Common Stock outstanding pursuant to Rule 13d-3(d)(1)(i) under the Act.
Jonathan B. Fairbanks: 41.3%
GEC Advisors LLC: 41.3%
GEC Group B Ltd.: 34.2%
GEC Capital Group III-B LP: 34.2%
GEC Estis Co-Invest II LLC: 26.4%
GEC Group Ltd.: 15.2%
GEC Capital Group III LP: 15.2%
GEC Partners III LP: 14.5%
GEC Partners III-B LP: 13.0%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Jonathan B. Fairbanks: 17,625
GEC Advisors LLC: 0
GEC Group B Ltd.: 0
GEC Capital Group III-B LP: 0
GEC Estis Co-Invest II LLC: 0
GEC Group Ltd.: 0
GEC Capital Group III LP: 0
GEC Partners III LP: 0
GEC Partners III-B LP: 0
(ii) Shared power to vote or to direct the vote:
Jonathan B. Fairbanks: 28,985,788
GEC Advisors LLC: 28,985,788
GEC Group B Ltd.: 21,544,056
GEC Capital Group III-B LP: 21,544,056
GEC Estis Co-Invest II LLC: 14,980,623
GEC Group Ltd.: 7,441,732
GEC Capital Group III LP: 7,441,732
GEC Partners III LP: 7,089,834
GEC Partners III-B LP: 6,252,037
(iii) Sole power to dispose or to direct the disposition of:
Jonathan B. Fairbanks: 17,625
GEC Advisors LLC: 0
GEC Group B Ltd.: 0
GEC Capital Group III-B LP: 0
GEC Estis Co-Invest II LLC: 0
GEC Group Ltd.: 0
GEC Capital Group III LP: 0
GEC Partners III LP: 0
GEC Partners III-B LP: 0
(iv) Shared power to dispose or to direct the disposition of:
Jonathan B. Fairbanks: 28,985,788
GEC Advisors LLC: 28,985,788
GEC Group B Ltd.: 21,544,056
GEC Capital Group III-B LP: 21,544,056
GEC Estis Co-Invest II LLC: 14,980,623
GEC Group Ltd.: 7,441,732
GEC Capital Group III LP: 7,441,732
GEC Partners III LP: 7,089,834
GEC Partners III-B LP: 6,252,037
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
The response to Item 4(a) is incorporated by reference herein. Certain affiliates of the Reporting Persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Class A Common Stock covered by this Statement that may be deemed to be beneficially owned by the Reporting Persons.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
The response to Item 4(a) is incorporated by reference herein.
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
The Reporting Persons may be deemed to be members of a "group," within the meaning of Section 13(d)(3) of the Act, comprised of the Reporting Persons and the other persons referred to on Exhibit B attached to this Schedule 13G (the "Separately Filing Group Members"). It is the understanding of the Reporting Persons that the Separately Filing Group Members have filed or are filing separate statements pursuant to Section 13(d) of the Act and the rules promulgated thereunder. The Reporting Persons expressly disclaim beneficial ownership over any shares of Class A Common Stock that the Separately Filing Group Members may be deemed to beneficially own.
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
Not Applicable
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.
Fairbanks Jonathan B.
Signature:
/s/ Jonathan B. Fairbanks
Name/Title:
Jonathan B. Fairbanks
Date:
05/15/2026
GEC Advisors LLC
Signature:
/s/ Jonathan B. Fairbanks
Name/Title:
Jonathan B. Fairbanks, Managing Director
Date:
05/15/2026
GEC Group B Ltd
Signature:
/s/ Jonathan B. Fairbanks
Name/Title:
Jonathan B. Fairbanks, Director
Date:
05/15/2026
GEC Capital Group III-B LP
Signature:
/s/ Jonathan B. Fairbanks
Name/Title:
Jonathan B. Fairbanks, Director
Date:
05/15/2026
GEC Estis Co-Invest II LLC
Signature:
/s/ Jonathan B. Fairbanks
Name/Title:
Jonathan B. Fairbanks, Director
Date:
05/15/2026
GEC Group Ltd
Signature:
/s/ Jonathan B. Fairbanks
Name/Title:
Jonathan B. Fairbanks, Director
Date:
05/15/2026
GEC Capital Group III LP
Signature:
/s/ Jonathan B. Fairbanks
Name/Title:
Jonathan B. Fairbanks, Director
Date:
05/15/2026
GEC Partners III LP
Signature:
/s/ Jonathan B. Fairbanks
Name/Title:
Jonathan B. Fairbanks, Director
Date:
05/15/2026
GEC Partners III B LP
Signature:
/s/ Jonathan B. Fairbanks
Name/Title:
Jonathan B. Fairbanks, Director
Date:
05/15/2026
Exhibit Information
Exhibit A - Joint Filing Agreement.
Exhibit B - Separately Filing Group Members.
