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BBB Foods (TBBB) CEO Kamal Hatoum reports 17.6% beneficial ownership stake

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D

Rhea-AI Filing Summary

BBB Foods Inc. insiders Bolton Partners Ltd. and CEO Kamal Anthony Hatoum have disclosed significant beneficial ownership of the company’s Class A common shares. Hatoum is deemed to beneficially own 22,953,917 Class A Shares, representing 17.6% of the class, while Bolton Partners reports beneficial ownership of 22,680,583 Class A Shares, or 17.4%.

The filing explains that all Class C Shares will automatically convert into Class A Shares on a one-for-one basis on August 6, 2026, and Class B Shares will become convertible into Class A Shares on the same ratio, which causes the reporting persons to exceed the five percent threshold. Bolton Partners currently holds Class B Shares, Class C Shares, and options exercisable within sixty days, while Hatoum directly holds Class A Shares and controls Bolton Partners.

The document also describes a Liquidity Lock-Up Period lasting until August 6, 2026, during which holders of Class B and Class C Shares face transfer restrictions, as well as registration rights and pre-emptive rights granted to Class B holders. Recent transactions include Bolton Partners’ June 1, 2026 sale of 150,000 Class C Shares (converted into Class A upon sale) and purchase of 10,000 Class B Shares at $32.50 per share through pre-emptive rights.

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Hatoum beneficial ownership 22,953,917 Class A Shares (17.6%) Percent of Class A Shares beneficially owned as reported in Schedule 13D
Bolton Partners beneficial ownership 22,680,583 Class A Shares (17.4%) Percent of Class A Shares beneficially owned as reported in Schedule 13D
Class A Shares outstanding 77,938,244 Class A Shares Outstanding following offering described in May 29, 2026 prospectus
Class B Shares outstanding 5,210,000 Class B Shares Outstanding following offering and exercise of pre-emptive rights
Class C Shares outstanding 37,414,531 Class C Shares Outstanding following the offering referenced in Item 5
Underwritten offering price $32.50 per share Price for June 1, 2026 Class C sale and Class B purchase by Bolton Partners
Lock-up end and conversion date August 6, 2026 End of Liquidity Lock-Up Period and conversion timing for Class B and Class C Shares
Options held by Bolton Partners 5,025,000 options for Class A Shares Options exercisable within sixty days as of the filing date
Liquidity Lock-Up Period financial
"a "Liquidity Lock-Up Period" is in force for a period commenced on the date of expiry of the 180-day initial lock-up period"
registration rights financial
"holders of the Issuer's Class B Shares and Class C Shares have customary registration rights for the resale of the Class A Shares"
Registration rights are contractual promises that let investors require a company to file paperwork with securities regulators so those investors can sell their shares to the public. They matter because they create a path to liquidity and an exit plan—without them, investors may be stuck holding shares for a long time. Think of them like a reserved ticket that guarantees access to a public marketplace when the holder is ready to sell.
pre-emptive rights financial
"the holders of Class B Shares are entitled to pre-emptive rights to subscribe for such new securities"
An investor's pre-emptive rights are the option given to existing shareholders to buy new shares before they are offered to the public or new investors, letting them maintain their percentage ownership and voting power. Think of it like a right of first refusal at a sale: it prevents ownership from being diluted by allowing current holders to keep the same stake, which matters because dilution can reduce influence and the share of future profits.
beneficially owned financial
"The aggregate number and percentage of Class A Shares beneficially owned by each Reporting Person"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
underwritten offering financial
"sold 150,000 Class C Shares ... in an underwritten offering at a price of $32.50 per share"
An underwritten offering is when a bank or group of banks agrees to buy all of a company's new shares or bonds and then resell them to outside investors, guaranteeing the company will raise a specific amount of money. It matters to investors because it adds certainty that the funding will close while increasing the number of shares or debt in the market, which can lower the price per share and change each existing owner's ownership percentage—think of a wholesaler buying an entire shipment from a maker before it reaches stores.
memorandum and articles of association regulatory
"as described in the Issuer's memorandum and articles of association (the "M&A")"
Memorandum and articles of association are the founding legal documents of a company: the memorandum sets out the company’s basic purpose and scope, while the articles act as its internal rulebook detailing how the company is run, who has what powers, and how decisions are made. For investors these documents matter because they define ownership rights, voting rules, limits on activities, and procedures for major changes—like a contract and rulebook that determine how their investment can be used and protected.
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G0896C103

(CUSIP Number)
Kamal Anthony Hatoum
Av. Pdte. Masaryk 8, Polanco V Secc, Miguel Hidalgo
Mexico City, O5, 11560
14243927437

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
06/06/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D


Bolton Partners Ltd.
Signature:/s/ Kamal Anthony Hatoum
Name/Title:Kamal Anthony Hatoum
Date:06/17/2026
Kamal Anthony Hatoum
Signature:/s/ Kamal Anthony Hatoum
Name/Title:Kamal Anthony Hatoum
Date:06/17/2026

FAQ

What ownership stake in BBB Foods Inc. (TBBB) did Kamal Anthony Hatoum report?

Kamal Anthony Hatoum reported beneficial ownership of 22,953,917 Class A Shares of BBB Foods Inc., representing 17.6% of that class. This includes shares he holds directly and shares he may be deemed to own through his control of Bolton Partners Ltd.

How many BBB Foods Inc. shares does Bolton Partners Ltd. beneficially own?

Bolton Partners Ltd. reported beneficial ownership of 22,680,583 Class A Shares of BBB Foods Inc., representing 17.4% of the Class A Shares. Its position reflects holdings of Class B Shares, Class C Shares and options exercisable within sixty days, as detailed in the Schedule 13D.

How is the BBB Foods (TBBB) ownership percentage for this Schedule 13D calculated?

The ownership percentage is based on 77,938,244 Class A Shares outstanding, plus 5,210,000 Class B Shares and 37,414,531 Class C Shares, after an offering described in a May 29, 2026 prospectus, and including shares the reporting persons can acquire within sixty days.

What happens to BBB Foods’ Class B and Class C Shares on August 6, 2026?

On August 6, 2026, all Class C Shares automatically convert into Class A Shares on a one-for-one basis, and all Class B Shares become convertible into Class A Shares one-for-one. This structure affects how beneficial ownership of Class A Shares is measured for the reporting persons.

What lock-up restrictions apply to BBB Foods (TBBB) Class B and Class C Shares?

A Liquidity Lock-Up Period runs until August 6, 2026, during which holders of Class B and Class C Shares generally may not sell, pledge, short, or otherwise dispose of those shares, except for certain permitted transfers described in the company’s memorandum and articles of association.

What recent share transactions did Bolton Partners Ltd. report for BBB Foods?

On June 1, 2026, Bolton Partners Ltd. sold 150,000 Class C Shares, which converted into Class A Shares upon sale, in an underwritten offering at $32.50 per share. It also exercised pre-emptive rights to purchase 10,000 Class B Shares at $32.50 per share.

What voting rights do BBB Foods (TBBB) Class A and Class B Shares carry?

BBB Foods Class A Shares carry one vote per share, while Class B Shares carry 15 votes per share. Class B Shares convert into Class A Shares on a one-for-one basis upon certain transfers, public sales, or when Class B falls below a 1.0% threshold of total common shares.