Estate vehicle for Loar (NYSE: LOAR) director buys 50,000 shares in open market
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Loar Holdings Inc. director and ten percent owner Bobbili Raja, through an estate planning vehicle, reported open‑market purchases of a total of 50,000 shares of common stock on 2026-03-12. The vehicle bought 20,000 shares at a weighted average price of $62.763 and 30,000 shares at a weighted average price of $64.1742.
After these transactions, the estate planning vehicle held 50,000 shares. A separate holding entry reports 31,438,420 shares of Loar common stock indirectly held through affiliated investment funds ACP II, Riva IV, ACPI, WCP and Riva V. Raja disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 50,000 shares ($3,180,486)
Net Buy
3 txns
Insider
Bobbili Raja
Role
Director, 10% Owner
Bought
50,000 shs ($3.18M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, par value $0.01 per share | 20,000 | $62.763 | $1.26M |
| Purchase | Common Stock, par value $0.01 per share | 30,000 | $64.1742 | $1.93M |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 20,000 shares (Indirect, By estate planning vehicle)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions at prices ranging from $62.18 to $63.00, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares bought at each separate price within the ranges set forth above. The Reporting Person is the managing member of the estate planning vehicle. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose. The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions at prices ranging from $63.92 to $64.64, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares bought at each separate price within the ranges set forth above. Shares reported herein as beneficially owned represent 10,930,063 shares held by Abrams Capital Partners II, L.P. ("ACP II"), 11,529,265 shares held by Riva Capital Partners IV, L.P. ("Riva IV"), 723,761 shares held by Abrams Capital Partners I, L.P. ("ACPI"), 1,232,146 shares held by Whitecrest Partners, LP ("WCP"), and 7,023,185 shares held by Riva Capital Partners V, L.P. ("Riva V"). The Reporting Person is a member of (i) Abrams Capital, LLC, which is the general partner of each of ACP I, ACP II and WCP, (ii) Riva Capital Management IV, LLC, which is the general partner of Riva IV, and (iii) Riva Capital Management V, LLC, which is the general partner of Riva V. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.
FAQ
What insider transactions did Loar Holdings (LOAR) report for Bobbili Raja?
Loar Holdings reported that an estate planning vehicle associated with director and ten percent owner Bobbili Raja bought 50,000 common shares on March 12, 2026. The purchases occurred in two open‑market transactions at weighted average prices of $62.763 and $64.1742 per share.
What larger indirect Loar Holdings (LOAR) stake is reported for entities linked to Bobbili Raja?
The filing reports 31,438,420 Loar Holdings shares held indirectly through Abrams Capital Partners II, Riva Capital Partners IV, Abrams Capital Partners I, Whitecrest Partners, and Riva Capital Partners V. Raja is affiliated with their general partners but disclaims beneficial ownership beyond his pecuniary interest.
Does Bobbili Raja claim full beneficial ownership of all reported Loar Holdings (LOAR) shares?
No. Footnotes state that Bobbili Raja disclaims beneficial ownership of shares held by the estate planning vehicle and the affiliated investment funds, except to the extent of his pecuniary interest. The inclusion of these securities is not an admission of beneficial ownership under Section 16.
What is the nature of ownership for the new Loar Holdings (LOAR) insider purchases?
The 50,000 newly purchased Loar Holdings shares are reported as held indirectly, "by estate planning vehicle." Bobbili Raja is the managing member of that vehicle and reports the holdings, while explicitly disclaiming beneficial ownership except to the extent of any pecuniary interest he may have.