Forbright (FRBT) director Lewis Sachs reports large indirect Class A and B stakes
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Forbright, Inc. director Lewis A. Sachs filed an initial ownership report showing large indirect holdings in the company. The filing reports that entities associated with him hold 8,840,102 shares of Class B Common Stock and 2,082,900 shares of Class A Common Stock. These shares are held by GPC Partners Investments (Elevate) LP and related investment entities. The footnote explains that Sachs may be deemed to share voting and investment power through his role at the ultimate parent entity but disclaims beneficial ownership except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Sachs Lewis A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 2,082,900 shares (Indirect, By GPC Partners Investments (Elevate) LP);
Class B Common Stock — 8,840,102 shares (Indirect, By GPC Partners Investments (Elevate) LP)
Footnotes (1)
- [object Object]
Key Figures
Indirect Class B holdings: 8,840,102 shares
Indirect Class A holdings: 2,082,900 shares
Holding entries: 2 entries
+1 more
4 metrics
Indirect Class B holdings
8,840,102 shares
Class B Common Stock indirectly held via GPC Partners Investments (Elevate) LP
Indirect Class A holdings
2,082,900 shares
Class A Common Stock indirectly held via GPC Partners Investments (Elevate) LP
Holding entries
2 entries
Two holding lines reported on Form 3 for indirect ownership
Unknown transaction records
2 records
transactionSummary shows 2 entries classified with unknown codes
Key Terms
Class B Common Stock, Class A Common Stock, indirect, beneficial ownership, +2 more
6 terms
Class B Common Stock financial
"security_title: "Class B Common Stock""
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Class A Common Stock financial
"security_title: "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.
indirect financial
"ownership_type: "indirect" and ownership_code: "I""
beneficial ownership regulatory
"The Reporting Person disclaims beneficial ownership of the reported 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.
pecuniary interest financial
"except to the extent of his pecuniary interest therein, if any"
Section 16 regulatory
"for purposes of Section 16 of the Securities Exchange Act of 1934"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What does Lewis A. Sachs report in his Form 3 for FRBT?
Lewis A. Sachs reports indirect ownership of Forbright, Inc. shares. Entities associated with him hold 8,840,102 Class B shares and 2,082,900 Class A shares, all reported as indirect holdings through GPC Partners Investments (Elevate) LP.
Is the Form 3 for Forbright (FRBT) reporting a new transaction?
The Form 3 functions as an initial ownership report rather than a trade. The entries are classified as holdings, with no buy or sell transaction codes, and show indirect positions in Forbright’s Class A and Class B shares.