BofA Discloses 172,091‑Share Position in RxSight, Classified as Passive
Rhea-AI Filing Summary
Bank of America Corporation reports beneficial ownership of 172,091 shares of RxSight, Inc. common stock, representing 0.4% of the class. The filing shows 0 shares with sole voting or dispositive power, 151,216 shares with shared voting power and 172,091 with shared dispositive power, reflecting holdings across Bank of America and several wholly owned subsidiaries. The statement affirms the shares are held in the ordinary course of business and were not acquired to change or influence control of the issuer. Ownership is below the 5% threshold that typically signals a controlling stake.
Positive
- Transparent disclosure of beneficial ownership: 172,091 shares representing 0.4% of RxSight common stock
- Certification of ordinary‑course holdings, stating the position was not acquired to influence control
Negative
- None.
Insights
TL;DR: Non‑material institutional stake; routine disclosure with shared custody characteristics.
Bank of America’s reported 172,091‑share position (0.4%) is immaterial to RxSight’s capital structure and unlikely to affect operations or strategic direction. The split between shared voting power (151,216) and shared dispositive power (172,091) suggests holdings managed across multiple BofA entities, consistent with brokerage, custody or client‑related positions rather than an active control intent. The certification that the position is held in the ordinary course reinforces a passive posture.
TL;DR: Schedule 13G/A indicates passive ownership across bank and broker subsidiaries, not a control claim.
The filing names Bank of America Corporation and identifies specific subsidiaries (broker‑dealers, a bank and a non‑U.S. institution) as holders. The explicit statement that the securities were not acquired to change or influence control and the classification under Schedule 13G/A are consistent with passive investor status. From a governance perspective, this disclosure is routine and does not signal governance change or activist intent.