Paysafe (PSFE): Fidelity National Financial units disclose sub-5% shareholdings
Rhea-AI Filing Summary
Paysafe Ltd. reports institutional ownership changes in its common stock. This Schedule 13G/A shows that several insurance subsidiaries and affiliates of Fidelity National Financial, Inc. (FNF) collectively report beneficial ownership of less than 5% of Paysafe’s outstanding common shares.
FNF reports shared voting and dispositive power over 2,250,000 Paysafe common shares, representing 3.9% of the class. Its subsidiaries hold smaller stakes, including 651,725 shares (1.1%) at Chicago Title Insurance Company, 831,608 shares (1.4%) at Fidelity National Title Insurance Company, 350,000 shares (0.6%) at Commonwealth Land Title Insurance Company, and 416,667 shares (0.7%) at Fidelity & Guaranty Life Insurance Company. The filers certify that the shares are not held to change or influence control of Paysafe.
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FAQ
What does the Schedule 13G/A filing reveal about Paysafe (PSFE) ownership?
The filing shows that Fidelity National Financial, Inc. and certain insurance subsidiaries collectively report beneficial ownership of less than 5% of Paysafe’s common stock, with shared voting and dispositive power over specific blocks of shares.
How many Paysafe (PSFE) shares does Fidelity National Financial, Inc. report?
Fidelity National Financial, Inc. reports shared voting and shared dispositive power over 2,250,000 Paysafe common shares, representing 3.9% of the outstanding class.
Which Fidelity-related entities are listed as reporting persons in this Paysafe (PSFE) 13G/A?
The reporting persons are Fidelity National Financial, Inc., Chicago Title Insurance Company, Fidelity National Title Insurance Company, Commonwealth Land Title Insurance Company, and Fidelity & Guaranty Life Insurance Company.
What are the individual ownership stakes in Paysafe (PSFE) reported by the Fidelity insurance subsidiaries?
Chicago Title Insurance Company reports 651,725 shares (1.1%), Fidelity National Title Insurance Company 831,608 shares (1.4%), Commonwealth Land Title Insurance Company 350,000 shares (0.6%), and Fidelity & Guaranty Life Insurance Company 416,667 shares (0.7%).
Are the Fidelity entities reporting more than 5% ownership of Paysafe (PSFE)?
No. The filing states ownership of 5 percent or less of the class, and the reported percentages, including FNF’s 3.9%, are all below the 5% threshold.
Do the reporting persons intend to influence control of Paysafe (PSFE)?
The certification states that the shares were not acquired and are not held for the purpose or effect of changing or influencing the control of Paysafe, and are not held in connection with any transaction having that purpose or effect, other than activities related to a nomination under Rule 240.14a-11.
What class of Paysafe (PSFE) securities is covered by this Schedule 13G/A?
The filing covers common stock of Paysafe Ltd. with a par value of $0.012 per share, identified by CUSIP G6964L107.