Abigail P. Johnson and FMR Report 8.83M KGS Shares, 10.1% Ownership
Rhea-AI Filing Summary
Kodiak Gas Services, Inc. (KGS) Schedule 13G/A shows that FMR LLC and Abigail P. Johnson report beneficial ownership of 8,831,004.09 shares of KGS common stock, representing 10.1% of the class. FMR LLC discloses 8,399,859 shares as sole voting power and 8,831,004.09 shares as sole dispositive power; Abigail P. Johnson reports 0 sole voting power and 8,831,004.09 sole dispositive power. The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. Exhibit 99 and prior powers of attorney are referenced for subsidiary/group details.
Positive
- Transparent disclosure of a >10% beneficial ownership stake by FMR LLC and Abigail P. Johnson
- Clear breakdown between voting power and dispositive power, aiding investor understanding
Negative
- None.
Insights
TL;DR: An institutional holder reports a >10% stake, signaling notable ownership but no stated intent to influence control.
This Schedule 13G/A discloses that FMR LLC and Abigail P. Johnson together beneficially own 8,831,004.09 shares, or 10.1% of KGS common stock. The split between voting and dispositive power is specified, with FMR holding most voting power. The filing follows passive-holder reporting protocols by stating holdings are in the ordinary course of business and not meant to change control. For investors, the item is a material ownership disclosure but contains no operational or strategic actions by the holders.
TL;DR: Material ownership disclosed without activist language; governance impact appears limited based on this filing.
The amendment clarifies beneficial ownership and power to dispose of shares and cites incorporated powers of attorney in prior filings. No group formation or concerted action is claimed. Because the reporting persons explicitly deny intent to influence control and do not claim shared voting arrangements, this filing should be read as a transparency disclosure rather than a governance challenge. Any governance implications would require subsequent filings or statements indicating coordinated activity.