H Partners fund tied to Six Flags (NYSE: FUN) buys 250K shares
Rhea-AI Filing Summary
Six Flags Entertainment director-associated funds made sizable open-market purchases of the company’s common stock. On June 12 and June 15, funds owned and managed by H Partners Management, LLC bought a total of 250,000 shares at weighted average prices of $23.6929 and $23.4085 per share, respectively. Following these transactions, the managed funds indirectly hold 4,900,000 shares of Six Flags common stock.
Rehan Jaffer is the founder and managing member of H Partners Management and may be deemed to have voting and dispositive power over these shares, but he disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Director-linked funds increased their Six Flags position via open-market buying.
Funds managed by H Partners Management, LLC, associated with director Rehan Jaffer, executed two open-market purchases totaling 250,000 shares of Six Flags common stock at weighted average prices around the mid-$23 range. These are straightforward cash purchases rather than option exercises.
After the trades, the managed funds report indirect ownership of 4,900,000 shares, indicating a substantial ongoing stake. The filing notes Jaffer may be deemed to share voting and dispositive power but disclaims beneficial ownership beyond his pecuniary interest, so the economic exposure is held primarily through the H Partners-managed funds.
Insider Trade Summary
Net Buyer: 250,000 shares
Net Buy
2 txns
Insider
JAFFER REHAN
Role
Director
Bought
250,000 shs ($5.89M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, par value $0.01 per share | 125,000 | $23.4085 | $2.93M |
| Purchase | Common Stock, par value $0.01 per share | 125,000 | $23.6929 | $2.96M |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 4,900,000 shares (Indirect, See Footnote)
Footnotes (3)
- F1. The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions ranging from $23.4500 to $24.0650, inclusive. The reporting person undertakes to provide Issuer, any security holder of Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
- F2. Funds owned and managed by H Partners Management, LLC ("H Management") directly own the reported securities. As a result, the Reporting Person, 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.
- F3. The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions ranging from $23.0900 to $23.7700, inclusive. The reporting person undertakes to provide Issuer, any security holder of Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
Key Figures
Shares bought June 12, 2026: 125,000 shares
Shares bought June 15, 2026: 125,000 shares
Total shares bought: 250,000 shares
+3 more
6 metrics
Shares bought June 12, 2026
125,000 shares
Open-market purchase at weighted average $23.6929
Shares bought June 15, 2026
125,000 shares
Open-market purchase at weighted average $23.4085
Total shares bought
250,000 shares
Net open-market purchases in June 2026
Indirect holdings after trades
4,900,000 shares
Six Flags common stock held by H Partners-managed funds
Price range footnote (June 12)
$23.4500–$24.0650
Range of individual trade prices for weighted average $23.6929
Price range footnote (June 15)
$23.0900–$23.7700
Range of individual trade prices for weighted average $23.4085
Key Terms
weighted average price, beneficial ownership, pecuniary interest, voting and dispositive power, +1 more
5 terms
weighted average price financial
"The price reported in column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
beneficial ownership financial
"Mr. Jaffer disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein"
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"
voting and dispositive power financial
"may be deemed to have voting and dispositive power with respect to the shares of common stock"
Section 16 regulatory
"for purposes of Section 16 of the Securities Exchange Act of 1934, as amended"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider purchases did FUN report in this Form 4?
The filing shows funds managed by H Partners bought 250,000 shares of Six Flags common stock in open-market transactions. They paid weighted average prices of $23.6929 and $23.4085 per share on two separate June 2026 trading days.
Who executed the insider transactions reported for FUN?
The reported purchases were made by funds owned and managed by H Partners Management, LLC. Director Rehan Jaffer, H Partners’ founder and managing member, may be deemed to have voting and dispositive power, but he disclaims beneficial ownership beyond his pecuniary interest.
What prices did the H Partners funds pay for FUN stock?
The funds bought 125,000 shares at a weighted average price of $23.6929 and another 125,000 shares at $23.4085. Footnotes note these were composed of multiple trades within price ranges between about $23.09 and $24.07.
Are the FUN insider purchases direct or indirect holdings?
The reported Six Flags holdings are indirect. Shares are directly owned by funds managed by H Partners Management, LLC. The Form 4 lists ownership type as indirect, with Jaffer’s interest arising through his role at H Partners and limited to his pecuniary stake.