Helix entities (NASDAQ: OPI) report multi-million share stakes and warrants
Rhea-AI Filing Summary
OFFICE PROPERTIES INCOME TRUST received an initial Form 3 reporting the beneficial ownership of entities affiliated with Helix Partners Management and Jonathan M. Heller. The filing shows indirect holdings of 3,486,866 Common Shares of Beneficial Interest in one line and 2,064,837 common shares in another, all described as Subject Securities.
The reporting group also holds 13,314 warrants with a $25.00 exercise price, each warrant relating to one common share and expiring in 2033. The securities are held directly by Helix Strategic Fund and Helix Strategic Fund II, while Helix Partners and Heller may be deemed beneficial owners under Rule 16a-1(a) but each disclaims beneficial ownership beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Helix Partners Management LP, Helix Strategic Fund LP, Helix Strategic Fund II LLC, Heller Jonathan M
Role
10% Owner | 10% Owner | 10% Owner | Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Warrants (right to buy) | -- | -- | -- |
| holding | Common Shares of Beneficial Interest | -- | -- | -- |
| holding | Common Shares of Beneficial Interest | -- | -- | -- |
Holdings After Transaction:
Warrants (right to buy) — 13,314 shares (Indirect, See footnotes);
Common Shares of Beneficial Interest — 5,551,703 shares (Indirect, See footnotes)
Footnotes (4)
- F1. This Form 3 is being filed jointly by Helix Partners Management LLP, a Delaware limited partnership ("Helix Partners"), Helix Strategic Fund LP, a Cayman Islands exempted limited partnership ("Helix Strategic Fund"), Helix Strategic Fund II LLC, a Delaware limited liability company ("Helix Strategic Fund II," and together with Helix Strategic Fund, the "Helix Funds"), and Jonathan M. Heller, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom may be deemed to have a pecuniary interest in securities reported on this Form 3 (the "Subject Securities"). The business address of Helix Partners, Helix Strategic Fund II, and Mr. Heller is 545 Madison Avenue, 8th Floor, New York, NY 10022, and the business address of Helix Strategic Fund is Walkers Corporate Limited, 190 Elgin Avenue, George Town, Grand Cayman KY1-9008, Cayman Islands.
- F2. These Subject Securities are held directly by Helix Strategic Fund.
- F3. These Subject Securities are held directly by Helix Strategic Fund II.
- F4. Each of (a) Helix Partners, as the investment advisor to the Helix Funds with respect to the Subject Securities held by the Helix Funds and (b) Mr. Heller, as the Chief Executive Officer of Helix Partners, may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended. Each Reporting Person disclaims any beneficial ownership of the Subject Securities, except to the extent of any pecuniary interest therein.
Key Figures
Indirect common shares position 1: 3,486,866 shares
Indirect common shares position 2: 2,064,837 shares
Warrants held: 13,314 warrants
+2 more
5 metrics
Indirect common shares position 1
3,486,866 shares
Common Shares of Beneficial Interest, indirect holding
Indirect common shares position 2
2,064,837 shares
Common Shares of Beneficial Interest, indirect holding
Warrants held
13,314 warrants
Right to buy OPI common shares
Warrant exercise price
$25.00 per share
Exercise price for warrants on OPI common shares
Warrant expiration
2033-06-17
Expiration date for 13,314 warrants
Key Terms
Form 3, Common Shares of Beneficial Interest, Warrants (right to buy), ten percent owner, +2 more
6 terms
Form 3 regulatory
"This Form 3 is being filed jointly by Helix Partners Management LLP..."
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
Warrants (right to buy) financial
"security_title": "Warrants (right to buy)""
ten percent owner regulatory
""is_ten_percent_owner": 1"
Rule 16a-1(a) regulatory
"may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a)..."
pecuniary interest financial
"each of whom may be deemed to have a pecuniary interest in securities reported..."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the OPI Form 3 filed by Helix entities report?
The Form 3 reports initial beneficial ownership in OFFICE PROPERTIES INCOME TRUST by Helix-affiliated entities and Jonathan M. Heller, including large indirect positions in common shares and warrants. It establishes their status as significant holders rather than disclosing new buy or sell transactions.
What warrant position in OPI is disclosed by the Helix reporting group?
The Form 3 discloses 13,314 warrants, each representing the right to buy one OPI common share at an exercise price of $25.00. These warrants expire in 2033 and are reported as indirectly owned, linked to the same Helix-related reporting persons.
Who are the reporting persons on the OPI Helix Form 3?
The reporting persons are Helix Partners Management LP, Helix Strategic Fund LP, Helix Strategic Fund II LLC, and Jonathan M. Heller. Helix Partners advises the Helix Funds, and Heller is Helix Partners’ CEO, with each party potentially deemed a beneficial owner of the Subject Securities.
How does the Helix OPI Form 3 describe beneficial ownership and disclaimers?
The filing states Helix Strategic Fund and Helix Strategic Fund II hold the Subject Securities directly. Helix Partners and Jonathan M. Heller may be deemed beneficial owners under Rule 16a-1(a) but each disclaims beneficial ownership except to the extent of any pecuniary interest in the securities.
Does the Helix Form 3 for OPI show recent insider buying or selling?
The Form 3 functions as an initial ownership report and presents holdings data, not explicit recent purchases or sales. It classifies the entries as holdings, with no buy or sell transaction codes, focusing on the size and nature of indirect positions in OPI shares and warrants.