DD Revocable Trust reports major Xerox stake
DD Revocable Trust, a more than ten percent owner of Xerox Holdings Corp, reported its existing equity stake.
Rhea-AI Filing Summary
DD Revocable Trust, a more than ten percent owner of Xerox Holdings Corp, reported its existing equity stake. The Trust holds 8,542,096 shares of common stock directly, plus preferred shares and warrants that are convertible or exercisable into additional common shares.
The Trust owns Series A Convertible Perpetual Voting Preferred Stock that is convertible into 6,741,576 shares of common stock at a rate of about 37.4532 common shares per preferred share. It also holds warrants for 7,641,828 shares of common stock at an exercise price of $8.00 per share, expected to expire on February 11, 2028, unless certain earlier-expiration conditions are met.
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Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
DD Revocable Trust
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Series A Convertible Perpetual Voting Preferred Stock | -- | -- | -- |
| holding | Warrants to Purchase Shares of Common Stock | -- | -- | -- |
| holding | Common Stock, $1.00 par value | -- | -- | -- |
Holdings After Transaction:
Series A Convertible Perpetual Voting Preferred Stock — 180,000 contracts (Direct);
Warrants to Purchase Shares of Common Stock — 7,641,828 contracts (Direct);
Common Stock, $1.00 par value — 8,542,096 shares (Direct)
Footnotes (2)
- F1. Each share of Series A Convertible Perpetual Voting Preferred Stock ("Series A Preferred Stock") is convertible into shares of common stock (the "Shares") at a conversion rate of approximately 37.4532 Shares per share of Series A Preferred Stock, subject to adjustment.
- F2. The Trust holds warrants to purchase shares of Common Stock (the "Warrants") distributed by the Issuer on February 12, 2026, at a ratio of one Warrant for every two Shares held as of the record date. Each Warrant entitles the holder to purchase one Share at an exercise price of $8.00 per Warrant subject to the Issuer's right to voluntarily decrease such exercise price in its sole and absolute discretion from time to time. The Warrants are expected to expire and cease to be exercisable on February 11, 2028, unless certain conditions are met for an earlier expiration date.
Key Figures
Direct common stock holdings: 8,542,096 shares
Preferred underlying common: 6,741,576 shares
Preferred conversion rate: 37.4532 shares per preferred share
+5 more
8 metrics
Direct common stock holdings
8,542,096 shares
Common Stock, $1.00 par value, held directly after reported event
Preferred underlying common
6,741,576 shares
Common shares underlying Series A Convertible Perpetual Voting Preferred Stock
Preferred conversion rate
37.4532 shares per preferred share
Approximate conversion rate of Series A preferred into common stock
Warrant underlying common
7,641,828 shares
Common shares underlying warrants to purchase Xerox common stock
Warrant exercise price
$8.00 per warrant
Exercise price for each warrant to purchase one Xerox common share
Warrant expiration
February 11, 2028
Expected expiration date when warrants cease to be exercisable
Preferred underlying shares in derivative table
180,000 shares
Underlying shares field associated with preferred in derivative summary
Warrant underlying shares in derivative table
7,641,828 shares
Underlying shares field for warrants in derivative summary
Key Terms
Series A Convertible Perpetual Voting Preferred Stock, warrants, exercise price, record date, +1 more
5 terms
Series A Convertible Perpetual Voting Preferred Stock financial
"Each share of Series A Convertible Perpetual Voting Preferred Stock is convertible into shares of common stock"
warrants financial
"The Trust holds warrants to purchase shares of Common Stock distributed by the Issuer"
Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.
exercise price financial
"Each Warrant entitles the holder to purchase one Share at an exercise price of $8.00 per Warrant"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
record date financial
"distributed by the Issuer on February 12, 2026, at a ratio of one Warrant for every two Shares held as of the record date"
The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.
ten percent owner financial
"DD Revocable Trust is indicated as a more than ten percent owner of Xerox Holdings Corp"
FAQ
What did DD Revocable Trust report in its Form 3 for Xerox (XRX)?
DD Revocable Trust reported its status as a more than ten percent owner of Xerox Holdings Corp. It disclosed direct holdings of common stock plus positions in convertible preferred stock and warrants that can be turned into additional Xerox common shares under specified terms.
What are the terms of the Series A Convertible Preferred Stock held in Xerox (XRX)?
The Trust’s Series A Convertible Perpetual Voting Preferred Stock is convertible into 6,741,576 shares of Xerox common stock. Each preferred share converts at about 37.4532 common shares, with the conversion rate subject to adjustment under the terms described in the filing’s footnote.
When do the Xerox (XRX) warrants held by DD Revocable Trust expire?
The warrants held by DD Revocable Trust are expected to expire and cease to be exercisable on February 11, 2028. The filing notes they were distributed on February 12, 2026, and may expire earlier if certain specified conditions in the warrant terms are satisfied.
How were the Xerox (XRX) warrants distributed to DD Revocable Trust?
The warrants were distributed by Xerox on February 12, 2026 at a ratio of one warrant for every two common shares held as of the record date. This means the Trust received its warrants based on its then-existing Xerox common stock holdings, as described in the footnote.
AI-generated analysis. How Rhea-AI works. Not financial advice.
