Schedule 13G/A: Brumder discloses 12.85M GPRO Class A shares (9.7%)
Rhea-AI Filing Summary
William George Brumder II reported beneficial ownership of 12,848,100 shares of GoPro Class A common stock, representing approximately 9.7% of the Class A shares outstanding. The reported position includes 2,521,100 Class A shares underlying call options that are exercisable within 60 days, and Brumder holds sole voting and dispositive power over the reported shares.
The filing is a Schedule 13G/A disclosure of significant passive ownership and states the securities were not acquired to change or influence control of the issuer. The percentage is calculated using 131,924,549 Class A shares outstanding as disclosed in the issuer's quarterly report.
Positive
- Beneficial ownership disclosed: 12,848,100 Class A shares reported, improving transparency for investors
- Material stake size: Ownership represents approximately 9.7% of Class A shares, which is significant for shareholder composition
- Includes near-term exercisable options: 2,521,100 Class A shares underlying call options exercisable within 60 days are included in the beneficial total
- Sole voting and dispositive power: The filer reports sole authority to vote and dispose of the reported shares
Negative
- None.
Insights
TL;DR: A near-10% passive stake is material for investor ownership profiles, increasing transparency on large shareholders.
The filing shows Mr. Brumder beneficially owns 12,848,100 Class A shares, about 9.7% of the class, including 2,521,100 shares from exercisable call options. Because he reports sole voting and dispositive power over the shares, this disclosure updates the shareholder register and could affect float considerations and vote concentration analyses. The filer asserts passive intent under Schedule 13G/A, which indicates no stated purpose to influence control.
TL;DR: Ownership disclosure is material for governance and voting dynamics but indicates passive intent, not an activist push.
At roughly 9.7% ownership of Class A shares, Mr. Brumder is a significant holder whose voting power should be noted by the board and governance teams. The filing reports sole voting/dispositive power and includes options exercisable within 60 days, which can affect short-term voting scenarios. The certification states the position is not held to change control, consistent with a Schedule 13G/A passive filing.