Howard Hughes (NYSE: HHH) director reports warrant over 1.13M shares
Rhea-AI Filing Summary
Howard Hughes Holdings Inc. director Marc Grandisson filed a Form 3 reporting indirect beneficial ownership of a warrant held by MGFT Investments LLC. The warrant covers up to 1,131,273 shares of common stock at an exercise price of $100.00 per share. It becomes exercisable on April 20, 2030 and expires on April 20, 2031, with potential extension if regulatory approvals are required. The filing notes the warrant is held by an LLC owned and controlled by a family trust, and Grandisson disclaims beneficial ownership except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GRANDISSON MARC
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Warrant (right to buy) | -- | -- | -- |
Holdings After Transaction:
Warrant (right to buy) — 1,131,273 shares (Indirect, By MGFT Investments LLC)
Footnotes (3)
- F1. Pursuant to a Warrant Agreement, dated as of April 20, 2026 (the "Warrant Agreement"), by and between Howard Hughes Holdings Inc. (the "Company") and MGFT Investments LLC, the Warrant becomes exercisable on April 20, 2030 (the fourth anniversary of the effective date of the Warrant Agreement) and expires on April 20, 2031 (the fifth anniversary of the effective date of the Warrant Agreement), subject to extension on a day-for-day basis (not to exceed eighteen (18) months) for any period during which the holder is prohibited from exercising the Warrant due to the necessity of obtaining any required governmental or regulatory approval.
- F2. Reflects shares of Common Stock issuable upon exercise of a warrant to purchase shares of the common stock of the Company pursuant to the Warrant Agreement.
- F3. The Warrant is held of record by MGFT Investments LLC, a Delaware limited liability company that is solely owned and controlled by a trust for the benefit of certain members of Mr. Grandisson's family. Mr. Grandisson disclaims beneficial ownership of the Warrant, and the shares of Common Stock issuable upon exercise thereof, except to the extent of his pecuniary interest therein.
Key Figures
Underlying shares: 1,131,273 shares
Exercise price: $100.00 per share
Exercisable date: April 20, 2030
+2 more
5 metrics
Underlying shares
1,131,273 shares
Common stock issuable upon exercise of warrant
Exercise price
$100.00 per share
Warrant exercise price for Howard Hughes common stock
Exercisable date
April 20, 2030
Warrant becomes exercisable on fourth anniversary of Warrant Agreement
Expiration date
April 20, 2031
Warrant expires on fifth anniversary, subject to limited extension
Reported derivative position
1,131,273 underlying shares
Total shares underlying warrant held indirectly after reporting
Key Terms
Warrant Agreement, beneficial ownership, pecuniary interest, Common Stock issuable upon exercise
4 terms
Warrant Agreement financial
"Pursuant to a Warrant Agreement, dated as of April 20, 2026"
A warrant agreement is the legal document that lays out the rules for stock warrants — special certificates that let their holder buy company shares at a set price within a certain time. It explains how and when warrants can be exercised, transferred, changed, or canceled, and what happens to them if the company raises money or is sold; investors care because these terms affect potential future ownership, dilution of shares, and the real value of the warrants.
beneficial ownership financial
"Mr. Grandisson disclaims beneficial ownership of the Warrant"
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
"except to the extent of his pecuniary interest therein"
Common Stock issuable upon exercise financial
"Reflects shares of Common Stock issuable upon exercise of a warrant"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Howard Hughes Holdings Inc. (HHH) director Marc Grandisson report on this Form 3?
Marc Grandisson reported indirect beneficial ownership of a warrant held by MGFT Investments LLC. The warrant gives the right to acquire up to 1,131,273 Howard Hughes Holdings common shares at $100 per share, subject to its stated exercisability and expiration terms.
Who actually holds the Howard Hughes Holdings (HHH) warrant reported on Marc Grandisson’s Form 3?
The warrant is held of record by MGFT Investments LLC, a Delaware LLC owned and controlled by a trust for certain family members. Marc Grandisson reports indirect beneficial ownership but disclaims beneficial ownership except for any pecuniary interest.
What is the exercise price of the Howard Hughes Holdings (HHH) warrant reported on this Form 3?
The warrant has an exercise price of $100.00 per share for Howard Hughes Holdings common stock. This price applies to up to 1,131,273 underlying shares that are issuable upon exercise under the Warrant Agreement described in the filing.