Near-10% passive stake emerges in 22nd Century Group (XXII)
Rhea-AI Filing Summary
22nd Century Group, Inc. (XXII) has a significant shareholder disclosure from Jonathan Schechter on a Schedule 13G. Schechter reports beneficial ownership of 71,256 shares of common stock, representing 9.9% of the outstanding class, based on 713,994 shares outstanding as verified with the company on August 19, 2026. Of these, he reports 35,628 shares with sole voting and dispositive power and 35,628 shares with shared voting and dispositive power. This filing reflects a large but sub‑10% passive ownership position in the company.
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Key Figures
Beneficially owned shares: 71,256 shares
Ownership percentage: 9.9 %
Shares outstanding: 713,994 shares
+4 more
7 metrics
Beneficially owned shares
71,256 shares
Total shares beneficially owned by Jonathan Schechter
Ownership percentage
9.9 %
Percent of 22nd Century Group common stock class beneficially owned
Shares outstanding
713,994 shares
Shares of common stock outstanding as verified with issuer on August 19, 2026
Sole voting power
35,628 shares
Shares over which Schechter has sole power to vote
Shared voting power
35,628 shares
Shares over which Schechter has shared power to vote
Sole dispositive power
35,628 shares
Shares over which Schechter has sole power to dispose
Shared dispositive power
35,628 shares
Shares over which Schechter has shared power to dispose
Key Terms
Schedule 13G, beneficially owned, sole voting power, shared dispositive power, +1 more
5 terms
Schedule 13G regulatory
"Jonathan Schechter on a Schedule 13G"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
beneficially owned financial
"Amount beneficially owned: See Item 9 on the cover pages(s)"
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.
sole voting power financial
"5 | Sole Voting Power 35,628.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
percent of class financial
"(b) | Percent of class: See Item 11 on the cover page(s)"
Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.
FAQ
What percentage of 22nd Century Group (XXII) does Jonathan Schechter report owning?
Jonathan Schechter reports beneficial ownership of 9.9% of 22nd Century Group’s common stock. This percentage is calculated based on 713,994 shares outstanding, as verified with the company on August 19, 2026.
What class of securities in 22nd Century Group (XXII) is covered by this Schedule 13G?
The Schedule 13G covers 22nd Century Group’s common stock with a par value of $0.00001 per share. The ownership and percentage calculations all relate specifically to this class of securities.
AI-generated analysis. How Rhea-AI works. Not financial advice.