UTZ filing: Giordano 4.42% and Chu 0.61% ownership disclosed
Rhea-AI Filing Summary
Utz Brands, Inc. reporting persons Jason K. Giordano and Chinh E. Chu filed an amendment to Schedule 13G disclosing beneficial ownership of Class A common shares. Mr. Giordano directly holds 3,813,693 Class A shares (about 4.42% of the class) including 709,647 shares held jointly with his spouse. Mr. Chu (through CC Collier Holdings, LLC) directly holds 524,716 Class A shares (about 0.61%). Together the Reporting Persons would hold 4,338,409 Class A shares, or 5.03% of outstanding Class A shares, if treated as a group. All ownership percentages are calculated using 86,201,901 Class A shares outstanding as of July 28, 2025.
Positive
- Transparent disclosure of share counts and voting/dispositive power for each reporting person
- Clear calculation basis using 86,201,901 Class A shares outstanding as of July 28, 2025
- Joint filing agreement is referenced, showing procedural coordination and record completeness
Negative
- Combined holdings reach 5.03%, which may attract investor scrutiny despite being non-controlling
- Filing does not clarify whether future coordinated actions are planned; only a disclaimer against group status is provided
Insights
Major shareholders disclosed modest, non-controlling stakes in Utz Brands.
The filing shows Jason K. Giordano holds 3.81M Class A shares (4.42%) and Chinh E. Chu controls 524,716 shares (0.61%), using 86,201,901 outstanding Class A shares as the denominator from July 28, 2025.
Combined group holdings would be 4,338,409 shares (5.03%), which crosses a common institutional notice threshold but remains non-controlling. Monitor any future amendments that change percentages or disclose coordinated actions within a short-term window.
Filing clarifies voting and dispositive power and preserves non‑group admission.
Each reporting person declares sole voting and dispositive power over their reported holdings; CC Collier is identified as the direct holder for Mr. Chu's shares. The statement explicitly disclaims that the parties are necessarily a Section 13(d) group despite a joint filing agreement (Exhibit A).
Governance impact is limited: combined holdings at 5.03% can prompt attention from issuers but do not create control. Watch for any future Schedule 13D/A or additional 13G amendments that would signal active coordination or intent to influence management.