Leon G. Cooperman (WHK) reports large indirect WhiteHawk holdings in Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
WhiteHawk Income Corp insider Leon G. Cooperman filed an initial ownership report, showing indirect holdings of Series D Preferred Stock and Class A common stock. Indirect accounts report 6,000 and 14,000 shares of Series D Preferred Stock and 3,261,216 shares of Class A common stock following the reported positions.
The securities are held in the accounts of Omega Capital Partners, L.P. and The Leon and Toby Cooperman Foundation, where Cooperman has investment discretion but disclaims beneficial ownership except for his pecuniary interest. The Series D Preferred Stock has no voting rights, is not convertible into Class A common stock, and will be redeemed at the consummation of WhiteHawk’s initial public offering.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
COOPERMAN LEON G
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A Common Stock, par value $0.0001 per share | -- | -- | -- |
| holding | Series D Preferred Stock | -- | -- | -- |
| holding | Series D Preferred Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock, par value $0.0001 per share — 3,261,216 shares (Indirect, See Footnote);
Series D Preferred Stock — 14,000 shares (Indirect, See Footnote)
Footnotes (1)
- The securities are held in the account of Omega Capital Partners, L.P., a private investment entity over which the Reporting Person has investment discretion. The Reporting Person disclaims beneficial ownership except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose. The Series D Preferred Stock has no voting rights and is not convertible into Class A common stock. The Issuer will redeem all outstanding shares of Series D Preferred Stock at the consummation of its initial public offering. The securities are held in the account of The Leon and Toby Cooperman Foundation, a charitable trust dated December 16, 1981 (the "Foundation"). The Reporting Person has investment discretion over the securities held by the Foundation as one of the trustees of the Foundation. The Reporting Person disclaims beneficial ownership except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.
Key Figures
Series D Preferred holding 1: 6,000 shares
Series D Preferred holding 2: 14,000 shares
Class A common holding: 3,261,216 shares
3 metrics
Series D Preferred holding 1
6,000 shares
Indirect Series D Preferred Stock position following report
Series D Preferred holding 2
14,000 shares
Additional indirect Series D Preferred Stock position following report
Class A common holding
3,261,216 shares
Indirect Class A common stock position following report
Key Terms
Series D Preferred Stock, pecuniary interest, Section 16, initial public offering, +1 more
5 terms
Series D Preferred Stock financial
"The Series D Preferred Stock has no voting rights and is not convertible into Class A common stock."
Series D preferred stock is a specific class of preferred shares typically issued in a later-stage financing round that gives holders special rights such as priority for payout before common shareholders, fixed or cumulative dividends, and often the option to convert into common shares. Investors care because these shares affect who gets paid first in a sale or liquidation, influence ownership and voting power, and change how future fundraising or an exit will impact an investor’s return—like a VIP ticket that can sometimes be exchanged for a regular ticket if that proves more valuable.
pecuniary interest financial
"The Reporting Person disclaims beneficial ownership except to the extent of his pecuniary interest therein."
Section 16 regulatory
"shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
initial public offering financial
"The Issuer will redeem all outstanding shares of Series D Preferred Stock at the consummation of its initial public offering."
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
investment discretion financial
"a private investment entity over which the Reporting Person has investment discretion."
