ITG executive chair reports 12.2M-share indirect stake
ITG, Inc. director and Executive Chairman Michael George Brooks filed an initial ownership report showing large indirect holdings through an affiliated entity.
Rhea-AI Filing Summary
ITG, Inc. director and Executive Chairman Michael George Brooks filed an initial ownership report showing large indirect holdings through an affiliated entity. The filing lists 12,234,217 ITG Parent LLC Interests and an equal number of non-economic Class B common shares held by ITG Management Holdings, LLC on his behalf. Each LLC Interest can be exchanged, together with cancellation of a corresponding Class B share, for one Class A common share or, at the election of a majority of disinterested directors, for cash equal to the volume‑weighted average market price of one Class A share.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Brooks Michael George
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | ITG Parent LLC Interests | -- | -- | -- |
| holding | Class B common stock | -- | -- | -- |
Holdings After Transaction:
ITG Parent LLC Interests — 12,234,217 contracts (Indirect, See footnote);
Class B common stock — 12,234,217 shares (Indirect, See footnote)
Footnotes (2)
- F1. The reported securities represent common units of ITG Parent, LLC ("LLC Interests") and an equal number of non-economic voting shares of Class B common stock, each directly held by ITG Management Holdings, LLC ("Management Holdings") on behalf of the Reporting Person. The Reporting Person expressly disclaims beneficial ownership of the securities held by Management Holdings except to the extent of their pecuniary interest therein.
- F2. Each LLC Interest, upon the cancellation of an equal number of shares of Class B common stock, may be exchanged from time to time, for an equal number of shares of Class A common stock (or, at the election of a majority of the Issuer's disinterested directors, a cash payment equal to a volume-weighted average market price of one share of Class A common stock for each LLC Interest).
Key Figures
Indirect LLC Interests: 12,234,217 interests
Indirect Class B shares: 12,234,217 shares
Exchange ratio: 1 LLC Interest : 1 Class A share
+2 more
5 metrics
Indirect LLC Interests
12,234,217 interests
ITG Parent LLC Interests held indirectly on behalf of reporting person
Indirect Class B shares
12,234,217 shares
Non-economic voting Class B common stock held with LLC Interests
Exchange ratio
1 LLC Interest : 1 Class A share
Each LLC Interest exchangeable into one Class A share upon Class B cancellation
Exercise price
$0.0000 per interest
Stated exercise price for ITG Parent LLC Interests
Net buy/sell shares
0 shares
No net purchases or sales; holdings only on this Form 3
Key Terms
LLC Interests, Class B common stock, pecuniary interest, volume-weighted average market price
4 terms
LLC Interests financial
"The reported securities represent common units of ITG Parent, LLC ("LLC Interests") and an equal number of non-economic voting shares"
Class B common stock financial
"LLC Interests and an equal number of non-economic voting shares of Class B common stock, each directly held by ITG Management Holdings, LLC"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
pecuniary interest financial
"The Reporting Person expressly disclaims beneficial ownership of the securities held by Management Holdings except to the extent of their pecuniary interest therein"
volume-weighted average market price financial
"a cash payment equal to a volume-weighted average market price of one share of Class A common stock for each LLC Interest"
Volume-weighted average market price is the average price at which a security trades over a set period, where each trade’s price is given more influence based on how many shares changed hands. Think of it like calculating the average cost of apples in a market but giving more weight to the prices of the biggest purchases; investors use it to judge whether a trade was made at a typical, bargain, or expensive price and to benchmark trading performance.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the ITG (ITG) Form 3 filed by Michael George Brooks show?
The Form 3 shows Michael George Brooks’ indirect interest in 12,234,217 ITG Parent LLC Interests and an equal number of Class B voting shares held by ITG Management Holdings, LLC on his behalf, establishing his baseline ownership position in ITG.
How many ITG Parent LLC Interests are reported in the ITG (ITG) Form 3?
The Form 3 reports 12,234,217 ITG Parent LLC Interests held indirectly. An equal number of non‑economic Class B common shares are also held, both through ITG Management Holdings, LLC, on behalf of Michael George Brooks as part of his ownership structure.
Who directly holds the ITG (ITG) securities reported for Michael George Brooks on Form 3?
The securities are directly held by ITG Management Holdings, LLC. The footnote explains it holds LLC Interests and Class B shares on behalf of Michael George Brooks, who disclaims beneficial ownership except to the extent of his pecuniary interest in those securities.
Does the ITG (ITG) Form 3 report any recent insider buying or selling activity?
No. The Form 3 lists holdings only, with no reported purchases or sales. It establishes Michael George Brooks’ indirect ownership position as of the reporting date, rather than describing new transactions in ITG securities during the reported period.
AI-generated analysis. How Rhea-AI works. Not financial advice.
