Gentherm (THRM) sees 4.8% passive stake reported by Trigran
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
Gentherm Inc. received an amended Schedule 13G showing that Trigran Investments, Inc. and several related individuals beneficially own 1,463,143 shares of Gentherm common stock, representing 4.8% of the class as of the reported date. The group reports no sole voting or dispositive power, with shared voting power over 1,343,432 shares and shared dispositive power over 1,463,143 shares. The filers state the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Gentherm. Each reporting person disclaims beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
FAQ
What ownership stake in Gentherm (THRM) does Trigran report on this Schedule 13G/A?
Trigran Investments and associated individuals report beneficial ownership of 1,463,143 Gentherm common shares, representing 4.8% of the outstanding class. This reflects a significant but sub-5% position, disclosed under passive investment rules for institutional and individual shareholders.
Does Trigran seek to influence control of Gentherm (THRM) with this 4.8% stake?
The filing states the securities were acquired and are held in the ordinary course of business and not for changing or influencing control of Gentherm. It also notes they are not held in connection with any transaction having that control-related purpose or effect.
Who are the reporting persons listed with Trigran on the Gentherm (THRM) Schedule 13G/A?
Reporting persons include Trigran Investments, Inc. and individuals Douglas T. Granat, Lawrence A. Oberman, Steven G. Simon, Bradley F. Simon, and Steven R. Monieson. The individuals are described as controlling shareholders and officers of Trigran Investments.
How do the Gentherm (THRM) reporting persons treat beneficial ownership in this Schedule 13G/A?
Each reporting person disclaims beneficial ownership of the reported Gentherm shares, except to the extent of any pecuniary interest. This is a common legal disclaimer clarifying that economic interest, not necessarily full beneficial control, underlies the reported holdings.
What does Item 5 of the Gentherm (THRM) Schedule 13G/A indicate about ownership percentage?
Item 5 confirms ownership of 5 percent or less of the class. Combined with the disclosed 4.8% figure, it shows the reporting group’s beneficial stake sits just below the 5% regulatory threshold that typically triggers initial Schedule 13D or 13G filings.