STOCK TITAN

Viking Global (TIC) discloses 35.8M shares; amendment removes David Ott

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G/A

Rhea-AI Filing Summary

TIC Solutions: Institutional holder disclosure amendment

Viking Global Investors and affiliated entities report beneficial ownership of 35,824,562 shares of TIC Solutions common stock, representing 16.2% of the class based on 221,039,674 shares outstanding as of March 31, 2026. This Amendment No. 1 removes David C. Ott as a reporting person effective March 31, 2026, because he retired and no longer beneficially owns any of the reported shares. The outstanding-share count is sourced to TIC Solutions' Form 10-Q filed May 6, 2026.

Positive

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Negative

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Insights

Amendment updates reporting persons; ownership unchanged.

The filing amends a prior Schedule 13G by removing David C. Ott as a reporting person after his retirement. The beneficial ownership figures remain attributed to Viking Global Investors and its affiliated GP and fund entities: 35,824,562 shares (16.2%).

Control and voting power are described as shared across the listed entities and two executives. Timing and cash‑flow treatment are not part of this disclosure; subsequent filings would show any change in holdings.

Large passive position disclosed via affiliated structures.

The statement shows that ownership is held through multiple fund entities (VGOP and VGOD) with voting/dispositive power routed through GP entities and VGI under Rule 13d-3. Reported ownership splits: 24,002,456 (VGOP) and 11,822,106 (VGOD).

Investors should note the filing attributes beneficial ownership to institutional structures rather than direct individual holdings; governance influence is conveyed through shared voting/dispositive power language in the filing.

Beneficial ownership (VGI aggregate) 35,824,562 shares Aggregate beneficial ownership reported by VGI and affiliates
VGOP direct holdings 24,002,456 shares Shares directly owned by Viking Global Opportunities Sub‑master (VGOP)
VGOD direct holdings 11,822,106 shares Shares directly owned by Viking Global Opportunities Drawdown (VGOD)
Percent of class 16.2% Percentage of class based on 221,039,674 shares outstanding as of March 31, 2026
Shares outstanding (source) 221,039,674 shares Outstanding shares reported in issuer Form 10-Q referenced in the filing
Rule 13d-3 regulatory
"Based on Rule 13d-3 of the Securities Exchange Act of 1934"
Rule 13d-3 defines who is treated as the beneficial owner of a company’s shares for U.S. securities disclosure rules — essentially anyone who has the power to vote or direct how shares are voted, or the power to buy or sell them, even if they don’t hold the certificates. For investors this matters because crossing certain ownership thresholds triggers public filing and disclosure obligations and signals potential control or influence, much like having the keys to a car implies you can drive it even if it’s registered to someone else.
Beneficial ownership financial
"Amount beneficially owned: VGI: 35,824,562"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Schedule 13G/A regulatory
"This Amendment No. 1 is being filed to remove Mr. Ott as a Reporting Person"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
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00510N102

(CUSIP Number)
03/31/2026

(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)




schemaVersion:


SCHEDULE 13G




Comment for Type of Reporting Person: See Item 4


SCHEDULE 13G




Comment for Type of Reporting Person: See Item 4


SCHEDULE 13G




Comment for Type of Reporting Person: See Item 4


SCHEDULE 13G




Comment for Type of Reporting Person: See Item 4


SCHEDULE 13G




Comment for Type of Reporting Person: See Item 4


SCHEDULE 13G




Comment for Type of Reporting Person: See Item 4


SCHEDULE 13G




Comment for Type of Reporting Person: See Item 4


SCHEDULE 13G




Comment for Type of Reporting Person: See Item 4


SCHEDULE 13G




Comment for Type of Reporting Person: See Item 4


SCHEDULE 13G




Comment for Type of Reporting Person: See Item 4


SCHEDULE 13G



VIKING GLOBAL INVESTORS LP
Signature:/s/ Scott M. Hendler
Name/Title:Scott M. Hendler on behalf of VIKING GLOBAL INVESTORS LP (1)(2)
Date:05/15/2026
Viking Global Opportunities Parent GP LLC
Signature:/s/ Scott M. Hendler
Name/Title:Scott M. Hendler on behalf of Viking Global Opportunities Parent GP LLC (1)(2)
Date:05/15/2026
Viking Global Opportunities GP LLC
Signature:/s/ Scott M. Hendler
Name/Title:Scott M. Hendler on behalf of Viking Global Opportunities GP LLC (1)(2)
Date:05/15/2026
Viking Global Opportunities Portfolio GP LLC
Signature:/s/ Scott M. Hendler
Name/Title:Scott M. Hendler on behalf of Viking Global Opportunities Portfolio GP LLC (1)(2)
Date:05/15/2026
Viking Global Opportunities Illiquid Investments Sub-Master LP
Signature:/s/ Scott M. Hendler
Name/Title:Scott M. Hendler on behalf of Viking Global Opportunities Illiquid Investments Sub-Master LP (1)(2)
Date:05/15/2026
Viking Global Opportunities Drawdown GP LLC
Signature:/s/ Scott M. Hendler
Name/Title:Scott M. Hendler on behalf of Viking Global Opportunities Drawdown GP LLC (1)(2)
Date:05/15/2026
Viking Global Opportunities Drawdown Portfolio GP LLC
Signature:/s/ Scott M. Hendler
Name/Title:Scott M. Hendler on behalf of Viking Global Opportunities Drawdown Portfolio GP LLC (1)(2)
Date:05/15/2026
Viking Global Opportunities Drawdown (Aggregator) LP
Signature:/s/ Scott M. Hendler
Name/Title:Scott M. Hendler on behalf of Viking Global Opportunities Drawdown (Aggregator) LP (1)(2)
Date:05/15/2026
HALVORSEN OLE ANDREAS
Signature:/s/ Scott M. Hendler
Name/Title:Scott M. Hendler on behalf of O. Andreas Halvorsen (1)
Date:05/15/2026
Shabet Rose Sharon
Signature:/s/ Scott M. Hendler
Name/Title:Scott M. Hendler on behalf of Rose S. Shabet (2)
Date:05/15/2026

Comments accompanying signature: (1) Scott M. Hendler is signing on behalf of O. Andreas Halvorsen, individually and as an Executive Committee Member of VIKING GLOBAL PARTNERS LLC, on behalf of VIKING GLOBAL INVESTORS LP, and as an Executive Committee Member of VIKING GLOBAL OPPORTUNITIES PARENT GP LLC, on behalf of itself and VIKING GLOBAL OPPORTUNITIES GP LLC, VIKING GLOBAL OPPORTUNITIES PORTFOLIO GP LLC, VIKING GLOBAL OPPORTUNITIES ILLIQUID INVESTMENTS SUB-MASTER LP, VIKING GLOBAL OPPORTUNITIES DRAWDOWN GP LLC, VIKING GLOBAL OPPORTUNITIES DRAWDOWN PORTFOLIO GP LLC and VIKING GLOBAL OPPORTUNITIES DRAWDOWN (AGGREGATOR) LP, pursuant to an authorization and designation letter dated February 9, 2021, which was previously filed with the Commission as an exhibit to a Form 13G filed by Mr. Halvorsen on February 12, 2021 (SEC File No. 005-49737). (2) Scott M. Hendler is signing on behalf of Rose S. Shabet, individually and as an Executive Committee Member of VIKING GLOBAL PARTNERS LLC, on behalf of VIKING GLOBAL INVESTORS LP, and as an Executive Committee Member of VIKING GLOBAL OPPORTUNITIES PARENT GP LLC, on behalf of itself and VIKING GLOBAL OPPORTUNITIES GP LLC, VIKING GLOBAL OPPORTUNITIES PORTFOLIO GP LLC, VIKING GLOBAL OPPORTUNITIES ILLIQUID INVESTMENTS SUB-MASTER LP, VIKING GLOBAL OPPORTUNITIES DRAWDOWN GP LLC, VIKING GLOBAL OPPORTUNITIES DRAWDOWN PORTFOLIO GP LLC and VIKING GLOBAL OPPORTUNITIES DRAWDOWN (AGGREGATOR) LP, pursuant to an authorization and designation letter dated February 9, 2021, which was previously filed with the Commission as an exhibit to a Form 13G filed by Mr. Halvorsen on February 12, 2021 (SEC File No. 005-49737).
Exhibit Information

EXHIBIT A - JOINT FILING AGREEMENT

FAQ

What stake does Viking Global report in TIC Solutions (TIC)?

Viking Global and affiliated entities report beneficial ownership of 35,824,562 shares, equal to 16.2% of the class based on 221,039,674 outstanding as of March 31, 2026.

Why was Amendment No. 1 filed for TIC by Viking Global?

The amendment removes David C. Ott as a reporting person effective March 31, 2026 because he retired and no longer beneficially owns any of the shares reported by the filing parties.

How are the 35,824,562 shares allocated among Viking entities?

The filing attributes 24,002,456 shares to VGOP and 11,822,106 shares to VGOD; combined these total the reported 35,824,562 shares of common stock.

Do individuals Halvorsen and Shabet directly own the reported shares?

No; the filing states O. Andreas Halvorsen and Rose S. Shabet do not directly own shares but each is deemed to beneficially own 35,824,562 shares through shared voting/dispositive authority.

What rule governs the beneficial ownership attribution in this filing?

The filing cites Rule 13d-3 of the Securities Exchange Act for constructive beneficial‑ownership attribution among the GP/fund structures and affiliated parties.