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Ancora Amends Schedule 13D: 3.17M GPRE Shares (4.7%); Below 5% Threshold

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Ancora and affiliated entities filed Amendment No. 8 to a Schedule 13D reporting holdings in Green Plains Inc. (GPRE). Collectively, Ancora Alternatives and related entities may be deemed to beneficially own 3,166,180 shares, representing approximately 4.7% of the outstanding common stock on the filing date. The filing breaks out direct holdings by each fund and reports aggregate purchase prices for each account. The reporting persons state they ceased to beneficially own more than 5% of the outstanding shares as of September 11, 2025. Transactions since the prior amendment are referenced in an exhibit.

Positive

  • Detailed, fund-level disclosure of individual fund holdings and aggregate purchase prices improves transparency
  • Clear statement that transactions were effected in the open market and quantification of shared voting/dispositive powers

Negative

  • Reduced ownership below 5% as of September 11, 2025, meaning the group no longer exceeds the 5% threshold disclosed previously

Insights

TL;DR: Ancora's group holds a 4.7% stake in GPRE after recent open-market transactions; detailed fund-level positions and purchase prices are disclosed.

The filing provides transparent, fund-level disclosure of positions and aggregate purchase prices across multiple Ancora vehicles. The combined 3.17 million-share position (4.7%) is meaningful for ownership monitoring but is below the 5% Schedule 13D threshold that often triggers heightened market attention. The report confirms purchases were effected in the open market and quantifies source of funds and commissions, improving traceability of the position.

TL;DR: The amendment clarifies beneficial ownership across related entities and confirms Ancora no longer exceeds the 5% reporting threshold.

This amendment consolidates ownership attribution across advisory and fund entities and explicitly states shared voting and dispositive powers, which is important for governance disclosure. The filing documents that Ancora and Mr. DiSanto may be deemed to beneficially own 4.7% collectively, and it discloses that the group ceased to hold above 5% as of the stated date, which can affect regulatory and proxy-related considerations.






If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D




Comment for Type of Reporting Person:
This Series Q is part of a series of Ancora Impact Fund LP, a series limited partnership.


SCHEDULE 13D




Comment for Type of Reporting Person:
This Series S is part of a series of Ancora Impact Fund LP, a series limited partnership.


SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D


Ancora Alternatives LLC
Signature:/s/ Fredrick DiSanto
Name/Title:Fredrick DiSanto, Chair and CEO of Ancora Holdings Group, LLC, Sole Member
Date:09/11/2025
Ancora Merlin, LP
Signature:/s/ Fredrick DiSanto
Name/Title:Fredrick DiSanto, Chair and CEO of Ancora Holdings Group, LLC, Sole Member of Ancora Alternatives LLC, Investment Advisor and General Partner
Date:09/11/2025
ANCORA MERLIN INSTITUTIONAL, LP
Signature:/s/ Fredrick DiSanto
Name/Title:Fredrick DiSanto, Chair and CEO of Ancora Holdings Group, LLC, Sole Member of Ancora Alternatives LLC, Investment Advisor and General Partner
Date:09/11/2025
Ancora Catalyst, LP
Signature:/s/ Fredrick DiSanto
Name/Title:Fredrick DiSanto, Chair and CEO of Ancora Holdings Group, LLC, Sole Member of Ancora Alternatives LLC, Investment Advisor and General Partner
Date:09/11/2025
Ancora Catalyst Institutional, LP
Signature:/s/ Fredrick DiSanto
Name/Title:Fredrick DiSanto, Chair and CEO of Ancora Holdings Group, LLC, Sole Member of Ancora Alternatives LLC, Investment Advisor and General Partner
Date:09/11/2025
Ancora Bellator Fund, LP
Signature:/s/ Fredrick DiSanto
Name/Title:Fredrick DiSanto, Chair and CEO of Ancora Holdings Group, LLC, Sole Member of Ancora Alternatives LLC, Investment Advisor and General Partner
Date:09/11/2025
Ancora Impact Fund LP - Series Q
Signature:/s/ Fredrick DiSanto
Name/Title:Fredrick DiSanto, Chair and CEO of Ancora Holdings Group, LLC, Sole Member of Ancora Alternatives LLC, Investment Advisor and General Partner
Date:09/11/2025
Ancora Impact Fund LP - Series S
Signature:/s/ Fredrick DiSanto
Name/Title:Fredrick DiSanto, Chair and CEO of Ancora Holdings Group, LLC, Sole Member of Ancora Alternatives LLC, Investment Advisor and General Partner
Date:09/11/2025
Ancora Impact Fund SPC Ltd. - Segregated Portfolio H
Signature:/s/ Fredrick DiSanto
Name/Title:Fredrick DiSanto, Chair and CEO of Ancora Holdings Group, LLC, Sole Member of Ancora Alternatives LLC, Investment Advisor
Date:09/11/2025
ANCORA FAMILY WEALTH ADVISORS, LLC
Signature:/s/ Fredrick DiSanto
Name/Title:Fredrick DiSanto, Chair and CEO of Ancora Holdings Group, LLC, Sole Member of Inverness Holdings LLC, Sole Member
Date:09/11/2025
Inverness Holdings LLC
Signature:/s/ Fredrick DiSanto
Name/Title:Fredrick DiSanto, Chair and CEO of Ancora Holdings Group, LLC, Sole Member
Date:09/11/2025
Ancora Holdings Group, LLC
Signature:/s/ Fredrick DiSanto
Name/Title:Fredrick DiSanto, Chair and CEO
Date:09/11/2025
DiSanto Fredrick D.
Signature:/s/ Fredrick DiSanto
Name/Title:Fredrick DiSanto
Date:09/11/2025

FAQ

How many Green Plains (GPRE) shares does Ancora collectively report beneficially owning?

The Ancora group may be deemed to beneficially own 3,166,180 shares, constituting approximately 4.7% of outstanding shares.

Did Ancora exceed the 5% reporting threshold in this filing?

No. The filing states that as of September 11, 2025 the Reporting Persons ceased to beneficially own more than 5% of the outstanding shares.

Were the share purchases disclosed in the amendment purchased on the open market?

Yes. The filing states that all such transactions were effected in the open market unless otherwise noted.

What is the reported source of funds for the purchases?

Sources of funds are listed as working capital (WC) for certain funds and AF, OO (advisory/family/other) for others; some positions may include margin loans used by brokerages.

Does Fredrick DiSanto have direct ownership in GPRE?

Yes. Mr. DiSanto directly beneficially owns 4,000 shares and may be deemed to beneficially own the aggregated Ancora group position as Chairman and CEO.
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