SharkNinja insider holds 53.3M shares on Form 3
SharkNinja, Inc. insider filing shows a major shareholder’s holdings.
Rhea-AI Filing Summary
SharkNinja, Inc. insider filing shows a major shareholder’s holdings. JS&W Group Holdings Limited Partnership, a 10% owner of SharkNinja (SN), reports beneficial ownership of 53,307,760 ordinary shares held directly. This Form 3 reflects an internal transfer of SharkNinja shares from JS&W Global Holding Limited Partnership to JS&W Group Holdings Limited Partnership.
The filing explains that Wang Xuning is the settlor of a trust that indirectly wholly owns the general partner and indirectly owns the same controlling interest in the limited partner of both partnerships, so he may be deemed to beneficially own the shares they hold. The trust is revocable and Wang exercises investment control over the issuer’s securities held by the trust. The disclosure states that this internal transfer does not change Wang Xuning’s overall beneficial ownership, and he disclaims beneficial ownership of the securities except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary Shares | -- | -- | -- |
Footnotes (1)
- F1. From an internal transfer of Wang Xuning's indirect holding of SN shares from JS&W Global Holding Limited Partnership to JS&W Group Holdings Limited Partnership. Wang Xuning, as the settlor of a trust, which indirectly wholly owns the general partner and indirectly owns the same controlling interest in the limited partner in each of JS&W Global Holding Limited Partnership and JS&W Group Holdings Limited Partnership, may be deemed to beneficially own the shares owned directly by JS&W Global Holding Limited Partnership and JS&W Group Holdings Limited Partnership. Wang Xuning reserves the right to revoke the trust without the consent of another person and exercises investment control over the Issuer's securities held by the trust. As result, there are no changes to Wang Xuning's beneficial ownership from the internal transfer. Mr. Wang disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
FAQ
What does SharkNinja (SN)'s latest Form 3 filing report?
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What transaction led to the holdings reported for SN on this Form 3?
Did the internal transfer change Wang Xuning's beneficial ownership of SharkNinja (SN)?
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