Schedule 13G: William Brumder Discloses 1.64M PRZO Shares (9.6%)
Rhea-AI Filing Summary
William George Brumder II filed a Schedule 13G reporting beneficial ownership of 1,640,264 ordinary shares of ParaZero Technologies Ltd., representing approximately 9.6% of the 17,063,630 shares outstanding referenced from the issuer's May 29, 2025 disclosure. The filing shows Mr. Brumder has sole voting and sole dispositive power over these shares and asserts the holdings were not acquired to change or influence control of the company. The address for Mr. Brumder's filing is c/o HoganTaylor LLP in Oklahoma City and the report is dated August 21, 2025.
Positive
- Material disclosure of ownership: The filing clearly reports a 9.6% beneficial stake (1,640,264 shares), meeting SEC transparency requirements
- Sole voting and dispositive power: Mr. Brumder reports sole voting and sole dispositive power over the disclosed shares, providing clarity on control of the position
- Passive intent declared: The filer certifies the shares were not acquired to change or influence control, consistent with Schedule 13G treatment
Negative
- None.
Insights
TL;DR: A near-10% stake is material and warrants investor attention for potential influence without control intent.
The Schedule 13G discloses a 9.6% beneficial stake held solely by Mr. Brumder with both sole voting and dispositive power over 1,640,264 shares. For a company with 17,063,630 shares outstanding, this stake is large enough to be considered influential for market perception and potential block trading, yet the filer certifies no intent to change control. This filing aligns with passive investor reporting standards rather than an activist 13D disclosure.
TL;DR: Sole control of votes plus passive declaration reduces governance alarm but creates a significant single-holder presence.
Ownership of 9.6% with sole voting rights concentrates shareholder power in one individual, which can affect voting outcomes on significant matters. The certification states the shares were not acquired to influence control, indicating reliance on Schedule 13G provisions for passive investors. Board-level and shareholder communications may still be influenced by a holder of this size.