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TriMas (TRS) holder Sedaghat reports 16.9% beneficial stake

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

Rhea-AI Filing Summary

Trend International Holding and Shawn Sedaghat filed Amendment No. 4 to their Schedule 13D on TriMas Corporation. The amendment updates their reported beneficial ownership percentages after TriMas disclosed 35,827,685 shares of common stock outstanding as of April 23, 2026.

Trend reports beneficial ownership of 4,170,667 shares, or 11.6% of TriMas common stock, all with shared voting and dispositive power. Sedaghat reports beneficial ownership of 6,054,425 shares, or 16.9% of the class, largely held through entities including Trend and Swan, plus 7,633 shares held directly.

The filing explains that the change in reported ownership is due solely to the decrease in TriMas’s outstanding shares, not new share purchases. It also notes Sedaghat’s board compensation in the form of restricted stock units, including a 2,853 RSU grant on March 14, 2026 and a 640 RSU grant on April 14, 2026, both in consideration for his board service.

Positive

  • None.

Negative

  • None.
Trend beneficial ownership 4,170,667 shares (11.6%) TriMas common stock beneficially owned by Trend International Holding
Sedaghat beneficial ownership 6,054,425 shares (16.9%) TriMas common stock beneficially owned by Shawn Sedaghat
Shares outstanding 35,827,685 shares TriMas common stock outstanding as of April 23, 2026
Sedaghat direct holdings 7,633 shares TriMas shares directly held by Sedaghat, including RSUs
RSU grant March 14, 2026 2,853 RSUs Granted to Sedaghat for board service; vest on March 14, 2027
RSU grant April 14, 2026 640 RSUs Granted and settled into shares the same day for board service
beneficially owned financial
"for the aggregate number of shares of Common Stock and percentage of shares of Common Stock beneficially owned by the Reporting Persons"
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.
Schedule 13D regulatory
"This Amendment No. 4 ("Amendment No. 4") amends the statement on filed by the Reporting Persons ... with respect to the shares of common stock"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
restricted stock units financial
"the 2,853 shares of Common Stock underlying restricted stock units ("RSUs") reported herein are directly held by Mr. Sedaghat"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
shared voting power financial
"Number of Shares Beneficially Owned by Each Reporting Person With: | 7 | Sole Voting Power 0.00 8 | Shared Voting Power 4,170,667.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive power financial
"9 | Sole Dispositive Power 0.00 10 | Shared Dispositive Power 4,170,667.00"
RSUs financial
"On March 14, 2026, Mr. Sedaghat received a grant of 2,853 RSUs in consideration for his service on the Board."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
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Learn about SEC filing dates





896215209

(CUSIP Number)
Trend International Holding AG
Wiesenstrasse 9,
8008 Zurich, V8, 0
41 44 268 69 38


Ele Klein
McDermott Will & Schulte LLP, 919 Third Avenue
New York, NY, 10022
212-756-2000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
03/02/2026

(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




Comment for Type of Reporting Person:
The 6,062,058 shares of Common Stock include a total of (i) 7,633 shares of Common Stock directly held by Mr. Sedaghat (including 2,853 shares of Common Stock underlying RSUs directly held by Mr. Sedaghat) and (ii) 6,054,425 shares of Common Stock held by Trend and Swan.


SCHEDULE 13D


Trend International Holding AG
Signature:/s/ Shawn Sedaghat
Name/Title:Shawn Sedaghat, Chairman of the Board
Date:06/08/2026
Shawn Sedaghat
Signature:/s/ Shawn Sedaghat
Name/Title:Shawn Sedaghat, Individually
Date:06/08/2026

FAQ

What ownership stake in TriMas (TRS) does Trend International Holding report?

Trend International Holding reports beneficial ownership of 4,170,667 TriMas common shares, representing 11.6% of the outstanding class. All of these shares carry shared voting and shared dispositive power, reflecting Trend’s role as a significant institutional holder.

How many TriMas (TRS) shares does Shawn Sedaghat beneficially own?

Shawn Sedaghat reports beneficial ownership of 6,054,425 TriMas common shares, equal to 16.9% of the class. This includes 7,633 shares held directly, with 2,853 underlying RSUs, and the balance held through entities including Trend and Swan.

Why did Trend International and Sedaghat file Amendment No. 4 on TriMas (TRS)?

They filed Amendment No. 4 to update their Schedule 13D ownership percentages after a decrease in TriMas’s shares outstanding. The filing states the change reflects the new 35,827,685-share count, not additional share acquisitions by the reporting persons.

Did Trend International Holding or Shawn Sedaghat buy or sell TriMas (TRS) shares recently?

The filing states no transactions in TriMas common stock were effected by the reporting persons during the last sixty days. It notes only routine equity compensation events, including RSUs granted and settled for Sedaghat’s service on the TriMas board.

What TriMas (TRS) share count underlies the reported ownership percentages?

The reported percentages are based on 35,827,685 TriMas common shares outstanding as of April 23, 2026. This figure comes from TriMas’s Form 10-Q for the quarter ended March 31, 2026 and assumes Sedaghat’s RSU shares are outstanding.