Largo Inc. investors West Family Investments, Inc., Gary West, and Mary West report beneficial ownership of 2,200,845 shares of common stock, or about 2.6% of the class. The shares are held directly by West Investment Holdings LLC and West CRT Heavy, LLC, Delaware limited liability companies managed by the Adviser, which has shared voting and dispositive power over all of these shares and no sole power.
The percentage is based on 83,313,022 Largo common shares outstanding as of November 11, 2025, as disclosed in the company’s recent Form F-3 and Form 424B. This amendment is being filed to report that the reporting persons have ceased to be beneficial owners of more than 5% of the class, and they certify the holdings are not for the purpose of changing or influencing control of Largo Inc.
Positive
None.
Negative
None.
Insights
Key Largo holders now report a 2.6% passive beneficial stake.
The reporting group linked to Largo Inc.—West Family Investments, Inc., Gary West, and Mary West—discloses beneficial ownership of 2,200,845 common shares, or approximately 2.6% of the company. The filing states this figure is calculated using 83,313,022 shares outstanding as of November 11, 2025, taken from Largo’s recent Form F-3 and Form 424B.
The structure is investment-adviser driven: the Adviser is exempt from registration and exercises shared voting and dispositive power over the shares, which are held directly by West Investment Holdings LLC and West CRT Heavy, LLC. None of these direct owners individually hold more than 5% of the class, and the reporting persons expressly disclaim beneficial ownership beyond Rule 13d-3 deeming provisions.
The amendment specifically notes it is being filed to report that the reporting persons have ceased to be beneficial owners of more than 5% of Largo’s common stock. They also certify the securities are not held for the purpose or effect of changing or influencing control, which aligns with a passive investment stance under Schedule 13G rather than an activist position.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 4)
Largo Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
0517097101
(CUSIP Number)
12/31/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
0517097101
1
Names of Reporting Persons
West Family Investments, Inc.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
2,200,845.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,200,845.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,200,845.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
2.6 %
12
Type of Reporting Person (See Instructions)
CO
Comment for Type of Reporting Person: *See Disclosure in Item 4 of this Schedule 13G.
SCHEDULE 13G
CUSIP No.
0517097101
1
Names of Reporting Persons
West Gary
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
2,200,845.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,200,845.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,200,845.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
2.6 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: *See Disclosure in Item 4 of this Schedule 13G.
SCHEDULE 13G
CUSIP No.
0517097101
1
Names of Reporting Persons
WEST MARY E
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
2,200,845.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,200,845.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,200,845.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
2.6 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: *See Disclosure in Item 4 of this Schedule 13G.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Largo Inc.
(b)
Address of issuer's principal executive offices:
FIRST CANADIAN PLACE, 100 KING ST., WEST, SUITE 1600, Toronto, Ontario, ONTARIO, CANADA, M5X 1G5.
Item 2.
(a)
Name of person filing:
See cover pages Item 1. This statement is filed jointly on behalf of West Family Investments, Inc., a Delaware corporation (the "Adviser"), Gary West and Mary West (collectively, the "Reporting Persons") with respect to shares of common stock of the Issuer beneficially owned by them pursuant to Rule 13d-3 (the "Shares").
(b)
Address or principal business office or, if none, residence:
The business address of each of the Reporting Persons is:
4960 Avenida Encinas
Carlsbad, California 92008
(c)
Citizenship:
The Adviser is a corporation organized under the laws of the State of Delaware. The citizenship of each of Gary West and Mary West is the United States of America.
(d)
Title of class of securities:
Common Stock
(e)
CUSIP No.:
0517097101
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
The amount beneficially owned is 2,200,845.
The Adviser is an investment adviser exempt from registration pursuant to 17 C.F.R. 275.202(a)(11)
(G)-1. The Adviser does not own any of the Shares directly, but maintains complete investment and
voting power and authority with respect to all of the Shares under management arrangements
entered into by and between the Adviser and the direct owners of the Shares (as further detailed in
Item 6 herein), none of whom own more than 5% of the class of the Issuer's securities to which this
filing pertains. By reason of the provisions of Rule 13d-3 of the Securities Exchange Act of 1934, as
amended, the Adviser may be deemed to beneficially own all of the Shares (constituting approximately
2.6% of the Issuer's shares of common stock outstanding).
Gary West acts as a principal of the Adviser. Gary West does not own, vote or direct the vote of any
of the Shares directly but, as a principal of the Adviser, may be deemed to have the power to vote the
Shares or direct the disposition of the Shares. By reason of the provisions of Rule 13d-3 of the
Securities Exchange Act of 1934, as amended, Gary West may be deemed to beneficially own all of
the Shares (constituting approximately 2.6% of the Issuer's shares of common stock outstanding).
Mary West acts as a principal of the Adviser. Mary West does not own, vote or direct the vote of any
of the Shares directly but, as a principal of the Adviser, may be deemed to have the power to vote the
Shares or direct the disposition of the Shares. By reason of the provisions of Rule 13d-3 of the
Securities Exchange Act of 1934, as amended, Mary West may be deemed to beneficially own all of
the Shares (constituting approximately 2.6% of the Issuer's shares of common stock outstanding).
The Shares represent 2,200,845 shares of common stock of the Issuer beneficially owned by
the Reporting Persons as of the end of the calendar quarter on December 31, 2025, as required by
Rule 13d-2.
The Reporting Persons disclaim beneficial ownership of any of the Shares held by the direct owners
thereof, and this statement shall not be deemed to be an admission that the Reporting Persons are
the beneficial owners of the Shares for purposes of Section 13(d) or for any other purpose. Neither
the fact of this filing nor anything contained herein shall be deemed to be an admission by the
Reporting Persons that they have formed a group.
(b)
Percent of class:
Reporting Persons that they have formed a group.
The percent of class is 2.6%.
Based on 83,313,022 shares of common stock of the Issuer outstanding as of November 11, 2025,
as reported in the lssuer's most recent Form F-3 filed with the SEC on November 12, 2025 and
Form 424B filed with the SEC on December 3, 2025. This percentage is calculated in accordance with
Rule 13d-1(j) and Rule 13d-3.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
2,200,845
The information required by this item 4(c)(iv) is set forth in Item 4(a) and is incorporated herein by
reference.
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
2,200,845
The information required by this item 4(c)(iv) is set forth in Item 4(a) and is incorporated herein by
reference.
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
The Shares are owned directly by West Investment Holdings LLC, a Delaware limited liability company and West CRT Heavy, LLC, a Delaware limited liability company (the "Owners") managed by the Adviser, which each have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares, and who could each terminate their respective investment advisory relationship with the Adviser and then subsequently manage the Shares held by such Owners. None of the Owners hold more than 5% of the outstanding shares of common stock of the Issuer as the date of this filing and this amendment filing is being filed to report that the Reporting Persons have ceased to be the beneficial owner of more than 5% of the class of securities.
To the knowledge of the Reporting Persons, no persons other than the Owners have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
How many Largo Inc. (LGO) shares do the reporting persons beneficially own?
The reporting persons beneficially own 2,200,845 shares of Largo Inc. common stock, as of the end of the calendar quarter on December 31, 2025.
What percentage of Largo Inc. common stock does 2,200,845 shares represent?
The filing states that the 2,200,845 shares represent approximately 2.6% of Largo Inc.’s outstanding common stock, based on 83,313,022 shares outstanding as of November 11, 2025.
Why was this Schedule 13G/A Amendment No. 4 for Largo Inc. filed?
The amendment is filed to report that the reporting persons have ceased to be beneficial owners of more than 5% of the class of Largo Inc.’s common stock.
Who are the reporting persons in this Largo Inc. Schedule 13G/A filing?
The statement is filed jointly on behalf of West Family Investments, Inc. (the Adviser), Gary West, and Mary West, referred to collectively as the reporting persons.
How are the Largo Inc. shares held and who has voting power?
The 2,200,845 shares are owned directly by West Investment Holdings LLC and West CRT Heavy, LLC, which are managed by the Adviser. The Adviser, and therefore the reporting persons, have shared voting and dispositive power over all of these shares and no sole power.
Does this filing indicate an attempt to influence control of Largo Inc. (LGO)?
No. The certification states the securities were not acquired and are not held for the purpose or effect of changing or influencing control of Largo Inc., other than activities solely in connection with a nomination under § 240.14a-11.
Do Gary and Mary West directly own Largo Inc. shares?
The filing explains that Gary West and Mary West, as principals of the Adviser, do not directly own, vote, or direct the vote of the shares, but may be deemed to beneficially own them under Rule 13d-3 due to their roles with the Adviser.
