ITG director reports 11.4M indirect share interests
ITG, Inc. director Peter Giacalone filed an initial ownership report showing indirect interests in 11,408,973 shares of Class B common stock and an equal number of LLC Interests held by ITG Management Holdings, LLC.
Rhea-AI Filing Summary
ITG, Inc. director Peter Giacalone filed an initial ownership report showing indirect interests in 11,408,973 shares of Class B common stock and an equal number of LLC Interests held by ITG Management Holdings, LLC. These positions are split among units held on behalf of him, his spouse, and two family trusts. Each LLC Interest can be exchanged, upon cancellation of a corresponding Class B share, for one share of Class A common stock or, at the election of a majority of disinterested directors, a cash amount equal to the volume-weighted average market price of one Class A share. Giacalone disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Giacalone Peter
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | LLC Interests | -- | -- | -- |
| holding | Class B common stock | -- | -- | -- |
Holdings After Transaction:
LLC Interests — 11,408,973 contracts (Indirect, See footnote);
Class B common stock — 11,408,973 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") as follows: (i) 7,338,629 shares of Class B common stock and an equal number of LLC Interests held on behalf of the Reporting Person; (ii) 351,227 shares of Class B common stock and an equal number of LLC Interests held on behalf of the Reporting Person's spouse; and (iii) 3,719,117 shares of Class B common stock and an equal number of LLC Interests held on behalf of two family trusts of which the Reporting Person is the trustee. 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
Total indirect interests: 11,408,973 shares
Held on behalf of reporting person: 7,338,629 shares
Held on behalf of spouse: 351,227 shares
+2 more
5 metrics
Total indirect interests
11,408,973 shares
Class B common stock and equal LLC Interests reported on Form 3
Held on behalf of reporting person
7,338,629 shares
Class B common stock and equal LLC Interests attributed to Giacalone
Held on behalf of spouse
351,227 shares
Class B common stock and equal LLC Interests attributed to spouse
Held for family trusts
3,719,117 shares
Class B common stock and equal LLC Interests for two family trusts
LLC Interests exercise price
$0.0000 per unit
Exercise price for LLC Interests exchangeable into Class A shares
Key Terms
Class B common stock, LLC Interests, pecuniary interest, volume-weighted average market price, +1 more
5 terms
Class B common stock financial
"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"
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.
LLC Interests financial
"The reported securities represent common units of ITG Parent, LLC ("LLC Interests") and an equal number of non-economic voting shares"
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.
family trusts financial
"3,719,117 shares of Class B common stock and an equal number of LLC Interests held on behalf of two family trusts of which the Reporting Person is the trustee"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did ITG (ITG) director Peter Giacalone report in this Form 3?
Peter Giacalone reported indirect interests in 11,408,973 shares of Class B common stock and an equal number of LLC Interests held by ITG Management Holdings, LLC, allocated among himself, his spouse, and family trusts.
How are Peter Giacalone’s ITG (ITG) holdings structured?
The holdings are indirectly held through ITG Management Holdings, LLC as common units of ITG Parent, LLC and matching Class B voting shares, with portions attributed to Giacalone, his spouse, and two family trusts he serves as trustee.
Can ITG (ITG) LLC Interests be converted into Class A common stock?
Each LLC Interest, after cancellation of an equal number of Class B shares, may be exchanged for one share of Class A common stock or, if chosen by a majority of disinterested directors, a cash amount equal to a volume-weighted average Class A share price.
Does Peter Giacalone fully own all reported ITG (ITG) securities?
He expressly disclaims beneficial ownership of securities held by ITG Management Holdings, LLC except for his pecuniary interest, meaning economic benefit from portions attributed to him rather than full ownership of all reported units.
Does this ITG (ITG) Form 3 show any insider buying or selling?
The filing lists existing indirect holdings and derivative interests but shows no buy or sell transactions. It functions as an initial statement of beneficial ownership rather than reporting new market trades.
AI-generated analysis. How Rhea-AI works. Not financial advice.
