Robin Energy (RBNE) CEO discloses indirect common and Series B preferred stakes
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Robin Energy Ltd. director and Chief Executive Officer Panagiotidis Petros Panagiotis filed an initial ownership report detailing indirect stakes in the company. The filing shows 116,081 common shares held through Pani Corp. and 40,000 Series B Preferred Shares held through Pelagos Holdings Corp., both entities he controls.
The Series B Preferred Shares each carry the voting power of 100,000 common shares and vote together with common stock as a single class, subject to limited separate class voting rights and adjustment provisions. The reporting person may be deemed to beneficially own these securities through his control of Pani and Pelagos, while disclaiming beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Panagiotidis Petros Panagiotis
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
| holding | Series B Preferred Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 116,081 shares (Indirect, By Pani Corp.);
Series B Preferred Stock — 40,000 shares (Indirect, By Pelagos Holdings Corp.)
Footnotes (1)
- Shares reported as beneficially owned consist of 116,081 common shares held indirectly through Pani Corp. ("Pani"), an entity controlled by the Reporting Person. The reported 40,000 Series B Preferred Shares are held indirectly through Pelagos Holdings Corp. ("Pelagos"), an entity controlled by the Reporting Person. Each Series B Preferred Share has the voting power of 100,000 common shares and the Series B Preferred Shares votes together with the issuer's common shares as a single class, subject to limited separate class voting rights and adjustment provisions as described in the issuer's governing documents. The Reporting Person may be deemed to beneficially own the securities held by Pani and Pelagos by virtue of his control of such entities. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that the Reporting Person is a beneficial owner for purposes of Section 16 of the Exchange Act or otherwise.
FAQ
What does the Robin Energy (RBNE) Form 3 filing disclose?
The Form 3 discloses initial beneficial ownership for Robin Energy’s CEO. It reports indirect holdings of common and preferred shares through controlled entities, establishing his starting ownership position for Section 16 reporting and highlighting the significant voting power of the preferred stock.
What Series B Preferred Stock holdings are disclosed for Robin Energy (RBNE)?
The Form 3 reports 40,000 Series B Preferred Shares held indirectly via Pelagos Holdings Corp. Each preferred share has the voting power of 100,000 common shares and votes together with common shares, subject to limited separate class rights and adjustment provisions.
How is voting power of Robin Energy (RBNE) Series B Preferred Stock described?
Each Series B Preferred Share carries the voting power of 100,000 common shares. These preferred shares vote together with the issuer’s common shares as a single class, subject to limited separate class voting rights and adjustment provisions in the company’s governing documents.
Are the Robin Energy (RBNE) securities held directly by the CEO or through entities?
The securities are reported as held indirectly through Pani Corp. and Pelagos Holdings Corp. The CEO controls these entities and may be deemed to beneficially own their holdings, while disclaiming beneficial ownership except to the extent of his pecuniary interest.
Does the Robin Energy (RBNE) Form 3 show any recent insider buying or selling?
No specific buys or sells are reported; the Form 3 reflects holdings. It lists indirect positions in common and Series B Preferred Shares as of the reporting date, serving as the baseline ownership disclosure rather than documenting new transactions.