W. R. Berkley (LEGT) reports 0% ownership in Legato Merger Corp. III
Rhea-AI Filing Summary
W. R. Berkley Corporation, together with its subsidiary Berkley Insurance Company, reports updated ownership in Legato Merger Corp. III ordinary shares, par value $0.0001 per share. This amendment states that they now beneficially own 0 shares, representing 0% of the class.
The filing specifies that W. R. Berkley Corporation and Berkley Insurance Company have no sole or shared voting power and no sole or shared dispositive power over any Legato Merger Corp. III ordinary shares. The ownership is therefore reported as 5 percent or less of the class.
Positive
- None.
Negative
- None.
Key Figures
Beneficially owned shares: 0 shares
Percent of class owned: 0%
Sole voting power: 0 shares
+3 more
6 metrics
Beneficially owned shares
0 shares
Amount beneficially owned in Legato Merger Corp. III ordinary shares
Percent of class owned
0%
Percent of Legato Merger Corp. III ordinary share class held
Sole voting power
0 shares
Shares over which W. R. Berkley has sole power to vote
Shared voting power
0 shares
Shares over which W. R. Berkley has shared power to vote
Sole dispositive power
0 shares
Shares over which W. R. Berkley has sole power to dispose
Shared dispositive power
0 shares
Shares over which W. R. Berkley has shared power to dispose
Key Terms
beneficially owned, Sole Voting Power, Sole Dispositive Power, parent holding company
4 terms
beneficially owned financial
"Item 4. | Ownership (a) | Amount beneficially owned: 0"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Sole Voting Power financial
"5 | Sole Voting Power 0.00 6 | Shared Voting Power 0.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
Sole Dispositive Power financial
"7 | Sole Dispositive Power 0.00 8 | Shared Dispositive Power 0.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
parent holding company financial
"If a parent holding company has filed this schedule, pursuant to (ii)(G)"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What change in ownership does W. R. Berkley report in its Schedule 13G/A for LEGT?
W. R. Berkley Corporation reports that it now beneficially owns 0 Legato Merger Corp. III ordinary shares, representing 0% of the class, with no sole or shared voting or dispositive power over any shares.
Which entities are listed as reporting persons in the LEGT Schedule 13G/A amendment?
The reporting persons are W. R. Berkley Corporation and its subsidiary Berkley Insurance Company, both organized in Delaware, each reporting 0 shares and 0.0% beneficial ownership of Legato Merger Corp. III.
Why does the LEGT Schedule 13G/A mention ownership of 5 percent or less of a class?
Under Item 5, the filing notes ownership of 5 percent or less of a class, consistent with the reported 0 shares and 0% beneficial ownership of Legato Merger Corp. III ordinary shares by the reporting persons.