[Form 3] SIRIUS XM HOLDINGS INC. Initial Statement of Beneficial Ownership
Form 3 filed for SIRIUS XM HOLDINGS INC. (SIRI) by reporting person Dave Stephenson records an initial statement of beneficial ownership dated 09/18/2025. The filing identifies Mr. Stephenson as a director and indicates no securities are beneficially owned at the time of the report. The document is signed on behalf of the reporting person by attorney-in-fact Richard N. Baer.
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Insights
TL;DR: Director filed an initial Form 3 reporting zero beneficial ownership, a routine disclosure with no immediate financial impact.
The Form 3 shows Dave Stephenson listed as a director of SIRIUS XM HOLDINGS INC. and reports no direct or indirect beneficial ownership of the issuer's securities as of 09/18/2025. This is an initial Section 16 filing required to disclose insiders' holdings. Because the filing asserts zero holdings, there are no shares, options, or derivatives disclosed that would affect outstanding share count or insider alignment with shareholders. The signature is by an attorney-in-fact, which is acceptable under procedural norms.
TL;DR: Governance disclosure completed; absence of reported holdings is informational and not evidence of a governance change.
The filing fulfills a disclosure obligation by identifying the reporting person, relationship to the issuer (Director), and the event date 09/18/2025. The explicit statement that "No securities are beneficially owned" means there are no material holdings to disclose under Section 16 at filing. The document is signed by an authorized representative, indicating procedural compliance. There is no indication of transactions, grants, or ownership that would alter director independence or raise related-party concerns.