Gator Capital reports 10% stake in U.S. Global
Gator Capital Management, LLC, an investment adviser, reported initial beneficial ownership of 1,062,474 shares of U S Global Investors Inc. Class A Non‑Voting Common Stock through multiple client accounts.
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Form Type
3
Rhea-AI Filing Summary
Gator Capital Management, LLC, an investment adviser, reported initial beneficial ownership of 1,062,474 shares of U S Global Investors Inc. Class A Non‑Voting Common Stock through multiple client accounts. The firm holds these shares with investment discretion and disclaims beneficial ownership beyond its pecuniary interest.
The filing notes that Gator Capital became a more than 10% beneficial owner on April 1, 2026, after the issuer’s share repurchase program reduced shares outstanding. The Form 3 was filed late, and the reporting person explains it had been monitoring ownership using earlier 10‑Q share counts.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gator Capital Management, LLC
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A Common Stock (Non-Voting) | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock (Non-Voting) — 1,062,474 shares (Indirect, Investment adviser with discretion over multiple client accounts (See Footnotes))
Footnotes (2)
- F1. This Form 3 is being filed jointly by Gator Capital Management, LLC and Derek Pilecki. Gator Capital Management, LLC is an investment adviser that exercises investment discretion over multiple client accounts holding shares of the Issuer. Derek Pilecki is the Managing Member and 100% owner of Gator Capital Management, LLC and may be deemed to indirectly beneficially own the shares held by the accounts managed by Gator Capital Management, LLC. Shares are held across the following accounts over which Gator Capital Management, LLC exercises investment discretion: Gator Financial Partners, LLC (916,799 shares); Gator Qualified Partners, LLC (64,753 shares); ECA Fund, LP (74,922 shares); Individual Managed Account (6,000 shares). Gator Capital Management, LLC and Derek Pilecki disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein
- F2. This Form 3 is being filed late. The Reporting Person became subject to the reporting obligations under Section 16(a) of the Securities Exchange Act of 1934 on April 1, 2026, the date on which the Reporting Person's beneficial ownership of the Issuer's Class A Common Stock exceeded 10% of the shares outstanding. The Reporting Person had been monitoring its ownership percentage using the share count reported in the Issuer's quarterly Form 10-Q for the period ended September 30, 2025, filed with the Commission on November 12, 2025. The Reporting Person subsequently determined that the Issuer's quarterly Form 10-Q for the period ended December 31, 2025, filed with the Commission on February 20, 2026, reflected a reduction in shares outstanding resulting from the Issuer's share repurchase program, which caused the Reporting Person's beneficial ownership percentage to exceed 10% as of April 1, 2026. Upon making this determination, the Reporting Person promptly filed this Form 3.
Key Figures
Beneficially owned shares: 1,062,474 shares
Gator Financial Partners holding: 916,799 shares
Gator Qualified Partners holding: 64,753 shares
+4 more
7 metrics
Beneficially owned shares
1,062,474 shares
Class A Common Stock (Non-Voting) after reporting date
Gator Financial Partners holding
916,799 shares
Shares held in Gator Financial Partners, LLC account
Gator Qualified Partners holding
64,753 shares
Shares held in Gator Qualified Partners, LLC account
ECA Fund holding
74,922 shares
Shares held in ECA Fund, LP account
Individual managed account holding
6,000 shares
Shares held in an Individual Managed Account
Ownership threshold date
April 1, 2026
Date beneficial ownership exceeded 10% of shares outstanding
Ownership level
More than 10%
Beneficial ownership of U S Global Investors Class A stock
Key Terms
beneficial ownership, Section 16(a), investment discretion, pecuniary interest, +1 more
5 terms
beneficial ownership financial
"the date on which the Reporting Person's beneficial ownership of the Issuer's Class A Common Stock exceeded 10%"
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.
Section 16(a) regulatory
"became subject to the reporting obligations under Section 16(a) of the Securities Exchange Act of 1934"
investment discretion financial
"an investment adviser that exercises investment discretion over multiple client accounts holding shares of the Issuer"
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Gator Capital Management report in its Form 3 for GROW?
Gator Capital Management reports beneficial ownership of 1,062,474 shares of U S Global Investors Class A Non-Voting Common Stock. These shares are held across multiple client accounts over which Gator exercises investment discretion as an investment adviser.
When did Gator Capital become a 10% beneficial owner of GROW?
Gator Capital became subject to Section 16(a) reporting on April 1, 2026, when its beneficial ownership of U S Global Investors Class A stock exceeded 10% of shares outstanding following the issuer’s share repurchase program and reduced share count.
Does Gator Capital claim full beneficial ownership of its GROW holdings?
Gator Capital and Derek Pilecki disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest. The filing explains that Gator holds investment discretion over the client accounts that own the U S Global Investors shares.
Why was Gator Capital’s Form 3 for GROW filed late?
The Form 3 is described as filed late. Gator monitored ownership using a prior 10-Q share count and later saw a reduced share count from buybacks, which pushed ownership above 10% as of April 1, 2026, prompting the filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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