Urban David Files Initial Form 3 for SAIC, No Shares Reported
Rhea-AI Filing Summary
Urban David filed an initial Form 3 reporting his relationship to Science Applications International Corp (SAIC) as a Director on 09/15/2025. The filing lists the reporting person's address in Reston, VA, and indicates the form was filed by one reporting person. Importantly, the form states no securities are beneficially owned by the reporting person at the time of filing. The document is signed by an attorney-in-fact on behalf of the reporting person.
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Insights
TL;DR: Initial Form 3 filed for a newly reported director showing no beneficial ownership; routine disclosure with limited investor impact.
The filing documents that Urban David is a director of SAIC and that he reported no beneficial ownership of SAIC securities as of the event date. From a governance perspective, the Form 3 fulfills Section 16 reporting requirements by publicly disclosing the reporting person's status and address. Because the filing records zero holdings, there is no immediate change to ownership structure, no insider trading signal, and no material shift in control or shareholder stakes. This is a routine administrative disclosure rather than a material corporate event.
TL;DR: Compliance filing completed properly; absence of holdings means no Section 16 trading obligations triggered by this Form 3 beyond disclosure.
The submission includes required identification details and a signature via attorney-in-fact, meeting procedural norms. The explicit statement that "No securities are beneficially owned" indicates there are currently no reportable shares, options, or derivative positions to list in Tables I or II. For compliance monitoring, this Form 3 establishes the reporting baseline for future Section 16 filings (Forms 4 and 5) should any transactions occur.