Glenbrook Capital details SNES Form 3 holdings
Glenbrook Capital Management, as a 10% owner of SenesTech, Inc. (SNES), reports indirect holdings of 545,647 shares of Common Stock and 90,000 Series I Common Stock Warrants.
Rhea-AI Filing Summary
Glenbrook Capital Management, as a 10% owner of SenesTech, Inc. (SNES), reports indirect holdings of 545,647 shares of Common Stock and 90,000 Series I Common Stock Warrants. The securities are held by PFS Trust and Glenbrook Capital Management Inc. Employee Profit-Sharing Plan.
Glenbrook Capital Management serves as investment manager to these entities and disclaims beneficial ownership except for any pecuniary interest. The Series I Warrants, with a $5.25 exercise price and expiring on 11/13/2026, are subject to 4.99% and 9.99% ownership blockers that currently prevent their exercise.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Series I Common Stock Warrants (right to buy) | -- | -- | -- |
| holding | Common Stock, $0.001 par value per share ("Common Stock") | -- | -- | -- |
Footnotes (2)
- F1. The securities to which this filing relates are held directly by PFS Trust ("PFS Trust") and Glenbrook Capital Management Inc. Employee Profit-Sharing Plan ("GCM EPSP"). Glenbrook Capital Management (the "Reporting Person") serves as the investment manager to each of PFS Trust and GCM EPSP. The Reporting Person disclaims beneficial ownership of the securities to which this filing relates for purposes of Section 16 of the Securities and Exchange Act of 1934, as amended, except to the extent of his or its pecuniary interest therein, if any.
- F2. Pursuant to the terms of the Series I Common Stock Warrants (the "Warrants"), the Reporting Person cannot exercise any of the Warrants to the extent the Reporting Person would beneficially own, after any such exercise, more than 4.99% of the outstanding Common Stock (the "4.99% Blocker") for the Warrants held by GCM EPSP, or 9.99% of the outstanding Common Stock (the "9.99% Blocker") for the Warrants held by PFS Trust. Consequently, at this time, the Reporting Person is not able to exercise the Warrants reported herein due to the 4.99% Blocker and the 9.99% Blocker.
FAQ
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What insider position does Glenbrook Capital Management report in SenesTech (SNES)?
Who actually holds the SenesTech (SNES) securities reported by Glenbrook Capital Management?
What are the 4.99% and 9.99% blockers on SenesTech (SNES) warrants in this filing?
Is Glenbrook Capital Management currently able to exercise its SenesTech (SNES) Series I warrants?
AI-generated analysis. How Rhea-AI works. Not financial advice.