DeSantis group gives up large INBP stake; CDDS 2.0, LLC now over 5% (INBP)
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13D/A
Rhea-AI Filing Summary
Integrated BioPharma Inc. saw a long‑standing shareholder group led by the late Carl DeSantis, CD Financial, LLC and CDS Group Holdings, L.L.C. report that it no longer beneficially owns any common stock. The filing states the group’s holdings fell to 0 shares, or 0.0% of the class.
Following DeSantis’s death, all of the group’s shares were transferred on March 24, March 30 and April 15, 2026 to CDDS 2.0, LLC, a Florida company controlled by Damon DeSantis. As a result, CDDS 2.0, LLC directly, and Damon DeSantis indirectly, now beneficially own more than five percent of Integrated BioPharma’s common stock.
Positive
- None.
Negative
- None.
Key Figures
Current beneficial ownership: 0 shares
Ownership percentage: 0.0%
Cessation of beneficial ownership date: April 15, 2026
+2 more
5 metrics
Current beneficial ownership
0 shares
Group’s common stock holdings after transfers
Ownership percentage
0.0%
Percent of Integrated BioPharma common stock now held by the group
Cessation of beneficial ownership date
April 15, 2026
Date group ceased to be beneficial owner of more than 5%
Transfer dates
March 24, 2026; March 30, 2026; April 15, 2026
Dates all group shares were transferred to CDDS 2.0, LLC
New holder status
More than 5%
CDDS 2.0, LLC and Damon DeSantis beneficial ownership level
Key Terms
beneficial owner, Section 13 reporting status, dispositive power, Schedule 13D, +1 more
5 terms
beneficial owner financial
"the Reporting Persons ceased to be the beneficial owner of more than five percent"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
Section 13 reporting status regulatory
"the Reporting Persons ceased to be the beneficial owner of more than five percent ... and have exited Section 13 reporting status"
dispositive power financial
"Sole Dispositive Power 0.00 10 | Shared Dispositive Power 0.00"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
Schedule 13D regulatory
"Statement of Beneficial Ownership on , originally filed ... on March 28, 2003"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
Joint Filing Agreement regulatory
"99.1 Joint Filing Agreement, as required by Rule 13d-1 (k)"
FAQ
What change in ownership does this Integrated BioPharma (INBP) filing report?
The filing reports that the DeSantis-led group now owns 0 shares of Integrated BioPharma common stock, or 0.0% of the class. Their exit from beneficial ownership status follows transfers of all shares to CDDS 2.0, LLC controlled by Damon DeSantis.
Who previously reported a significant stake in Integrated BioPharma (INBP)?
The reporting group consisted of CD Financial, LLC, CDS Group Holdings, L.L.C., and the late individual investor Carl DeSantis. Together, they had previously been beneficial owners of more than five percent of Integrated BioPharma’s common stock before fully transferring their position in 2026.
Who now holds more than 5% of Integrated BioPharma (INBP) according to this document?
Immediately after the transfers, CDDS 2.0, LLC owned more than five percent of Integrated BioPharma’s common stock. CDDS 2.0, LLC is controlled by Damon DeSantis, so he is described as indirectly beneficially owning more than five percent of the company’s common stock.
When did the DeSantis group’s reporting obligation under Section 13 for INBP end?
The amendment states that as of April 15, 2026, the reporting persons ceased to be beneficial owners of more than five percent of Integrated BioPharma’s outstanding shares and exited Section 13 reporting status, reflecting completion of the final share transfer on that date.
Does the DeSantis group have any current plans affecting Integrated BioPharma (INBP)?
The filing states that the group, including the estate of Carl DeSantis, has no present plans or proposals relating to any of the actions listed in Item 4 subparagraphs (a) through (j), such as mergers, major asset sales, or other control-related transactions.