Director reports 4.65M indirect Six Flags stake
Six Flags Entertainment Corporation/NEW director Rehan Jaffer has filed an initial Form 3 reporting indirect ownership of 4,650,000 shares of common stock.
Rhea-AI Filing Summary
Six Flags Entertainment Corporation/NEW director Rehan Jaffer has filed an initial Form 3 reporting indirect ownership of 4,650,000 shares of common stock. The shares are directly owned by funds managed by H Partners Management, LLC, where Jaffer is Founder and Managing Member.
The filing states that, through this role at H Partners Management, Jaffer may be deemed to share voting and dispositive power over these shares. He formally disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest in the managed funds.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
JAFFER REHAN
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 4,650,000 shares (Indirect, See Footnote)
Footnotes (1)
- F1. Funds owned and managed by H Partners Management, LLC ("H Management") directly own the reported securities. As a result, Rehan Jaffer, as Founder and Managing Member of H Management, may be deemed to have voting and dispositive power with respect to the shares of common stock held by the managed funds. Mr. Jaffer disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that such reporting person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Key Figures
Indirectly held shares: 4,650,000 shares
1 metrics
Indirectly held shares
4,650,000 shares
Common Stock, par value $0.01 per share, held via funds managed by H Partners Management, LLC
Key Terms
beneficial ownership, pecuniary interest, Section 16 of the Securities Exchange Act of 1934, voting and dispositive power, +1 more
5 terms
beneficial ownership financial
"Mr. Jaffer disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest"
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
"disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein"
Section 16 of the Securities Exchange Act of 1934 regulatory
"beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
voting and dispositive power financial
"may be deemed to have voting and dispositive power with respect to the shares of common stock"
H Partners Management, LLC financial
"Funds owned and managed by H Partners Management, LLC ("H Management") directly own the reported securities"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Rehan Jaffer’s Form 3 for Six Flags (FUN) report?
The Form 3 reports indirect ownership of 4,650,000 Six Flags common shares. These shares are held by funds managed by H Partners Management, LLC, where Jaffer is Founder and Managing Member, and reflect his initial beneficial ownership position as a director.
What is the role of H Partners Management, LLC in the Six Flags (FUN) Form 3?
H Partners Management, LLC is identified as the investment manager whose funds directly own the Six Flags shares. Because Jaffer leads H Partners Management, he may be deemed to share voting and dispositive power over the 4,650,000 common shares held by those funds.
Why does the Six Flags (FUN) Form 3 mention pecuniary interest and Section 16?
The filing explains Jaffer disclaims beneficial ownership except for his pecuniary interest in the funds. It also clarifies the report should not be viewed as an admission of beneficial ownership for Section 16 of the Securities Exchange Act or other legal purposes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
