Howard Hughes director reports large warrant holding

Howard Hughes Holdings Inc. director Marc Grandisson filed a Form 3 reporting indirect beneficial ownership of a warrant held by MGFT Investments LLC.

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.

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 contracts (Indirect, By MGFT Investments LLC)

Footnotes (3)

1. 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.
2. 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.
3. 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"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

How many Howard Hughes Holdings (HHH) shares are covered by the reported warrant?

The reported warrant covers up to 1,131,273 shares of Howard Hughes Holdings common stock. These shares are issuable upon exercise of the warrant held by MGFT Investments LLC under a Warrant Agreement referenced in the Form 3 footnotes.

When can the reported warrant for Howard Hughes Holdings (HHH) shares be exercised and when does it expire?

The warrant becomes exercisable on April 20, 2030 and expires on April 20, 2031. The expiration may be extended day-for-day, up to 18 months, for periods when exercise is barred by required governmental or regulatory approvals.

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Understanding Insider Trading Forms →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 05/13/2026 - 05:00 PM EDT Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

GRANDISSON MARC

(Last) (First) (Middle)

9950 WOODLOCH FOREST DRIVE

SUITE 1100

(Street)

THE WOODLANDS TEXAS 77381

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
05/07/2026

3. Issuer Name and Ticker or Trading Symbol
Howard Hughes Holdings Inc. [ HHH ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrant (right to buy)	04/20/2030(1)	04/20/2031	Common stock, par value $0.01 per share	1,131,273(2)	$100	I	By MGFT Investments LLC(3)

Explanation of Responses:

1. 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.

2. 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.

3. 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.

Remarks:

Mr. Grandisson became a Reporting Person of the Issuer pursuant to his appointment to the Board of Directors of Howard Hughes Holdings Inc. effective May 7, 2026. Exhibit 24 - Power of Attorney

	/s/ Nathan Bryce (Attorney-in-Fact for Marc Grandisson)	05/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)