Braden Ferrari's 6.7% stake in Glimpse Group (NASDAQ: GGRP)
Rhea-AI Filing Summary
Glimpse Group, Inc. ownership update: Braden Ferrari and Gilded Conquest LLC report beneficial ownership of 1,458,374 shares, representing approximately 6.7% of the common stock based on 21,698,812 shares outstanding as set forth in the prospectus dated May 15, 2026. The filing states that Gilded Conquest LLC, managed by Mr. Ferrari, directly holds 804,221 shares (approximately 3.7%). The filing also notes that 1,000,000 founder shares were issued to Gilded Conquest, of which 395,616 were subsequently transferred.
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Insights
Ownership disclosure shows a significant passive stake by a manager-controlled LLC.
The filing documents that Braden Ferrari and an entity he manages jointly beneficially own 1,458,374 shares, equal to 6.7% of common stock based on May 15, 2026 outstanding figures. Voting and dispositive powers are split between sole and shared authorities, with 654,153 shares held with sole power and 804,221 shares held with shared power.
The practical effect depends on Mr. Ferrari's coordination with other holders and any agreements among the Reporting Persons; subsequent filings may clarify whether this position is passive or coordinated. Filings referencing the prospectus' outstanding share count anchor the percentage calculations to an explicit May 15, 2026 source.