[SCHEDULE 13G] Spirit Airlines, Inc. SEC Filing
Ares-affiliated entities report beneficial ownership of 1,986,675 shares of Spirit Aviation Holdings, Inc. (SAVE), equal to 7.5% of the company’s outstanding common stock as of June 30, 2025, based on the issuer’s reported share count of 25,878,921.
The Schedule 13G allocates holdings across multiple Ares funds and managed accounts and notes specific share and warrant amounts by fund. The filing states that all warrants held by the reporting persons are currently exercisable but subject to a 9.9% limitation. The disclosure lists the Ares entities that share voting and dispositive power and describes the internal ownership and governance relationships among those entities.
Entità affiliate ad Ares dichiarano la titolarità effettiva di 1.986.675 azioni di Spirit Aviation Holdings, Inc. (SAVE), corrispondenti al 7,5% del capitale sociale ordinario in circolazione al 30 giugno 2025, sulla base del numero di azioni comunicato dall’emittente, pari a 25.878.921.
Il Schedule 13G ripartisce le partecipazioni tra diversi fondi Ares e conti gestiti e indica le quantità specifiche di azioni e warrant per ciascun fondo. La comunicazione precisa che tutti i warrant detenuti dalle persone che presentano la segnalazione sono attualmente esercitabili, ma soggetti a un limite del 9,9%. La disclosure elenca le entità di Ares che condividono il potere di voto e quello dispositiv o e descrive i rapporti interni di proprietà e governance tra tali entità.
Entidades afiliadas a Ares informan la titularidad beneficiaria de 1.986.675 acciones de Spirit Aviation Holdings, Inc. (SAVE), equivalente al 7,5% del capital social ordinario en circulación a 30 de junio de 2025, con base en el recuento de acciones declarado por la emisora de 25.878.921.
El Schedule 13G asigna las participaciones entre varios fondos y cuentas gestionadas por Ares y especifica las cantidades concretas de acciones y warrants por fondo. La presentación indica que todos los warrants en poder de los informantes son actualmente ejercitables, pero están sujetos a una limitación del 9,9%. La declaración enumera las entidades de Ares que comparten el poder de voto y el poder dispositvo y describe las relaciones internas de propiedad y gobernanza entre dichas entidades.
Ares 계열 기관들은 Spirit Aviation Holdings, Inc. (SAVE)의 1,986,675주에 대한 실소유권(beneficial ownership)을 보고했으며, 이는 발행회사가 보고한 총 주식 수 25,878,921주를 기준으로 2025년 6월 30일 기준 전체 보통주(발행주식)의 7.5%에 해당합니다.
해당 Schedule 13G는 보유 지분을 여러 Ares 펀드와 운용 계정에 배분하고, 펀드별 보유 주식 및 워런트 수량을 구체적으로 명시합니다. 신고서에는 보고인들이 보유한 모든 워런트가 현재 행사 가능하지만 9.9% 제한의 적용을 받는다고 기재되어 있습니다. 또한 Ares의 의결권 및 처분권을 공유하는 법인들을 열거하고, 이들 법인 간의 내부 소유 및 거버넌스 관계를 설명합니다.
Des entités affiliées à Ares déclarent la propriété effective de 1 986 675 actions de Spirit Aviation Holdings, Inc. (SAVE), soit 7,5% des actions ordinaires en circulation au 30 juin 2025, sur la base du nombre d'actions communiqué par l'émetteur, soit 25 878 921.
Le Schedule 13G répartit les participations entre plusieurs fonds Ares et comptes gérés et indique les montants spécifiques d'actions et de warrants par fonds. Le dépôt précise que tous les warrants détenus par les personnes déclarantes sont actuellement exerçables, mais soumis à une limitation de 9,9%. La divulgation énumère les entités Ares qui partagent le pouvoir de vote et le pouvoir de disposition et décrit les relations internes de propriété et de gouvernance entre ces entités.
An Ares gebundene Einheiten geben eine wirtschaftliche Beteiligung von 1.986.675 Aktien an Spirit Aviation Holdings, Inc. (SAVE) an, was anhand der vom Emittenten gemeldeten Aktienanzahl von 25.878.921 einem Anteil von 7,5% des ausstehenden Stammkapitals zum 30. Juni 2025 entspricht.
Das Schedule 13G weist die Bestände auf mehrere Ares-Fonds und verwaltete Konten zu und nennt die spezifischen Aktien- und Optionsbestände je Fonds. Die Einreichung stellt fest, dass alle von den meldepflichtigen Personen gehaltenen Warrants derzeit ausübbar sind, jedoch einer Begrenzung von 9,9% unterliegen. Die Offenlegung listet die Ares-Einheiten auf, die Stimm- und Verfügungsgewalt gemeinsam ausüben, und beschreibt die internen Eigentums- und Governance-Beziehungen zwischen diesen Einheiten.
- Ares entities disclose a material ownership stake of 1,986,675 shares in SAVE, representing 7.5% of the outstanding class
- Warrants included in the totals are currently exercisable, with the filing explicitly noting the warrants and the 9.9% limitation
- Detailed breakdown provided across multiple Ares funds and managed accounts, improving transparency about who holds the securities
- None.
Insights
TL;DR: Ares reports a material 7.5% stake in SAVE with exercisable warrants included; this is a significant ownership disclosure but not an operational development.
The Schedule 13G shows aggregate beneficial ownership of 1,986,675 shares representing 7.5% of SAVE, measured against 25,878,921 shares outstanding as of June 30, 2025. The filing itemizes share and warrant holdings across multiple Ares funds and managed accounts and confirms all warrants held by the reporting persons are currently exercisable and limited by a 9.9% cap. This is an ownership disclosure required by securities rules and therefore is material information for investors tracking shareholder composition, but it does not, by itself, indicate a change in operations or corporate actions.
TL;DR: The filing details shared voting/dispositive power across Ares entities and outlines the group structure that underpins that control.
The Schedule 13G identifies multiple Ares reporting persons that collectively share voting and dispositive power over the disclosed 1,986,675 shares. The statement describes the internal relationships among Ares Management, Ares Holdco, Ares Partners and related LLCs and notes that Ares Partners is managed by a named board of managers with one individual given veto authority. These governance facts explain how voting influence may be exercised across the group; the disclosure is primarily descriptive and serves to clarify which Ares entities may be deemed to have shared authority over the SAVE holdings.
Entità affiliate ad Ares dichiarano la titolarità effettiva di 1.986.675 azioni di Spirit Aviation Holdings, Inc. (SAVE), corrispondenti al 7,5% del capitale sociale ordinario in circolazione al 30 giugno 2025, sulla base del numero di azioni comunicato dall’emittente, pari a 25.878.921.
Il Schedule 13G ripartisce le partecipazioni tra diversi fondi Ares e conti gestiti e indica le quantità specifiche di azioni e warrant per ciascun fondo. La comunicazione precisa che tutti i warrant detenuti dalle persone che presentano la segnalazione sono attualmente esercitabili, ma soggetti a un limite del 9,9%. La disclosure elenca le entità di Ares che condividono il potere di voto e quello dispositiv o e descrive i rapporti interni di proprietà e governance tra tali entità.
Entidades afiliadas a Ares informan la titularidad beneficiaria de 1.986.675 acciones de Spirit Aviation Holdings, Inc. (SAVE), equivalente al 7,5% del capital social ordinario en circulación a 30 de junio de 2025, con base en el recuento de acciones declarado por la emisora de 25.878.921.
El Schedule 13G asigna las participaciones entre varios fondos y cuentas gestionadas por Ares y especifica las cantidades concretas de acciones y warrants por fondo. La presentación indica que todos los warrants en poder de los informantes son actualmente ejercitables, pero están sujetos a una limitación del 9,9%. La declaración enumera las entidades de Ares que comparten el poder de voto y el poder dispositvo y describe las relaciones internas de propiedad y gobernanza entre dichas entidades.
Ares 계열 기관들은 Spirit Aviation Holdings, Inc. (SAVE)의 1,986,675주에 대한 실소유권(beneficial ownership)을 보고했으며, 이는 발행회사가 보고한 총 주식 수 25,878,921주를 기준으로 2025년 6월 30일 기준 전체 보통주(발행주식)의 7.5%에 해당합니다.
해당 Schedule 13G는 보유 지분을 여러 Ares 펀드와 운용 계정에 배분하고, 펀드별 보유 주식 및 워런트 수량을 구체적으로 명시합니다. 신고서에는 보고인들이 보유한 모든 워런트가 현재 행사 가능하지만 9.9% 제한의 적용을 받는다고 기재되어 있습니다. 또한 Ares의 의결권 및 처분권을 공유하는 법인들을 열거하고, 이들 법인 간의 내부 소유 및 거버넌스 관계를 설명합니다.
Des entités affiliées à Ares déclarent la propriété effective de 1 986 675 actions de Spirit Aviation Holdings, Inc. (SAVE), soit 7,5% des actions ordinaires en circulation au 30 juin 2025, sur la base du nombre d'actions communiqué par l'émetteur, soit 25 878 921.
Le Schedule 13G répartit les participations entre plusieurs fonds Ares et comptes gérés et indique les montants spécifiques d'actions et de warrants par fonds. Le dépôt précise que tous les warrants détenus par les personnes déclarantes sont actuellement exerçables, mais soumis à une limitation de 9,9%. La divulgation énumère les entités Ares qui partagent le pouvoir de vote et le pouvoir de disposition et décrit les relations internes de propriété et de gouvernance entre ces entités.
An Ares gebundene Einheiten geben eine wirtschaftliche Beteiligung von 1.986.675 Aktien an Spirit Aviation Holdings, Inc. (SAVE) an, was anhand der vom Emittenten gemeldeten Aktienanzahl von 25.878.921 einem Anteil von 7,5% des ausstehenden Stammkapitals zum 30. Juni 2025 entspricht.
Das Schedule 13G weist die Bestände auf mehrere Ares-Fonds und verwaltete Konten zu und nennt die spezifischen Aktien- und Optionsbestände je Fonds. Die Einreichung stellt fest, dass alle von den meldepflichtigen Personen gehaltenen Warrants derzeit ausübbar sind, jedoch einer Begrenzung von 9,9% unterliegen. Die Offenlegung listet die Ares-Einheiten auf, die Stimm- und Verfügungsgewalt gemeinsam ausüben, und beschreibt die internen Eigentums- und Governance-Beziehungen zwischen diesen Einheiten.
FAQ
How many SAVE shares do Ares entities beneficially own?
What percentage of SAVE does Ares own according to the Schedule 13G?
Are warrants included in Ares' reported ownership and are they exercisable?
As of what date is the ownership measured?
Which Ares entities are listed as reporting persons on the Schedule 13G?
Does the filing describe internal governance among the Ares entities?
