Syntec Optics CEO holds 73.6% after 1M-share gift
Chairman and CEO Al Kapoor reports gifting 1,000,000 OPTX shares to irrevocable trusts while retaining sole control over about 73.6% of Syntec Optics’ common stock.
Rhea-AI Filing Summary
SYNTEC OPTICS HOLDINGS, INC. (OPTX) received an amended Schedule 13D from its chairman and CEO, Al Kapoor, updating his beneficial ownership after a reported gift of shares. Kapoor now beneficially owns 29,631,090 shares of common stock, representing 73.56% of Syntec Optics’ outstanding common stock, based on 40,279,878 shares outstanding as reported in the company’s Form 10-Q filed August 10, 2026.
On September 18, 2026, Kapoor gifted 1,000,000 shares of Class A common stock to irrevocable trusts for which he does not exercise or share voting or investment control, and he disclaims beneficial ownership of those trust-held shares. He reports sole voting and dispositive power over his remaining 29,631,090 shares and no shared voting or dispositive power.
Positive
- None.
Negative
- None.
Key Figures
Key Terms
beneficial ownership financial
sole dispositive power financial
irrevocable trusts financial
Schedule 13D regulatory
disclaims beneficial ownership financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did OPTX chairman Al Kapoor change in this Schedule 13D/A filing?
What percentage of SYNTEC OPTICS (OPTX) does Al Kapoor control after this amendment?
Does Al Kapoor still own more than 5% of SYNTEC OPTICS (OPTX)?
AI-generated analysis. How Rhea-AI works. Not financial advice.