WhiteHawk COO reports indirect WHK share holdings
WhiteHawk Income Corp Chief Operating Officer Michael J. Downs filed an initial ownership report showing indirect stakes held through PhiCap Advisors, LLC.
Rhea-AI Filing Summary
WhiteHawk Income Corp Chief Operating Officer Michael J. Downs filed an initial ownership report showing indirect stakes held through PhiCap Advisors, LLC. The filing lists 100 shares of Series D Preferred Stock and 14,369 shares of Class A common stock, all reported as indirectly owned via PhiCap.
Downs may be deemed to share voting and investment power over PhiCap’s holdings but disclaims beneficial ownership except for his economic interest. The Series D Preferred Stock has no voting rights, is not convertible into common stock, and will be redeemed when the company completes its initial public offering.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Downs Michael J
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A Common Stock | -- | -- | -- |
| holding | Series D Preferred Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 14,369 shares (Indirect, By PhiCap Advisors, LLC);
Series D Preferred Stock — 100 shares (Indirect, By PhiCap Advisors, LLC)
Footnotes (2)
- F1. Represents securities held by PhiCap Advisors, LLC ("PhiCap"). The Reporting Person may be deemed to share beneficial ownership of the shares attributable to PhiCap by virtue of his shared voting and investment power over the securities held by PhiCap. Mr. Downs disclaims beneficial ownership of the shares held by PhiCap except to the extent of his pecuniary interest therein.
- F2. 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.
Key Figures
Series D Preferred holdings: 100 shares
Class A common holdings: 14,369 shares
2 metrics
Series D Preferred holdings
100 shares
Indirectly held via PhiCap Advisors, LLC
Class A common holdings
14,369 shares
Indirectly held via PhiCap Advisors, LLC
Key Terms
Series D Preferred Stock, Class A Common Stock, beneficial ownership, pecuniary interest, +1 more
5 terms
Series D Preferred Stock financial
"The Series D Preferred Stock has no voting rights and is not convertible"
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.
Class A Common Stock financial
"Class A Common Stock, total_shares_following_transaction 14369.0000"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
beneficial ownership financial
"may be deemed to share beneficial ownership of the shares attributable to PhiCap"
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.
pecuniary interest financial
"disclaims beneficial ownership of the shares held by PhiCap except to the extent of his pecuniary interest therein"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Michael J. Downs report owning in WhiteHawk Income Corp (WHK)?
Michael J. Downs reports indirect ownership of 100 shares of Series D Preferred Stock and 14,369 shares of Class A common stock through PhiCap Advisors, LLC. These amounts reflect holdings, not new purchases or sales, as part of his initial Form 3 disclosure.
What does the Form 3 say about beneficial ownership for WHK by Michael J. Downs?
The filing states Downs may be deemed to share beneficial ownership of securities held by PhiCap but disclaims beneficial ownership except to the extent of his pecuniary interest. This clarifies his economic stake versus legal control over the PhiCap-held shares.
What are the key terms of WhiteHawk’s Series D Preferred Stock reported on this Form 3?
The Series D Preferred Stock reported has no voting rights and is not convertible into Class A common stock. The issuer will redeem all outstanding Series D Preferred shares when its initial public offering is consummated, limiting their long-term role in the capital structure.
Does this WhiteHawk (WHK) Form 3 show insider buying or selling by Michael J. Downs?
No, the Form 3 records existing indirect holdings, not new insider buying or selling activity. It lists Downs’ positions through PhiCap Advisors, LLC as of the reporting date, providing a baseline of ownership rather than reporting recent market transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
