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Yesway, Inc. (YSWY) investor group led by Trkla reports 74.2% control stake

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Form Type
SCHEDULE 13G

Rhea-AI Filing Summary

Yesway, Inc. states that Thomas N. Trkla and affiliated Brookwood investment entities beneficially own 46,225,020 shares of its Class A common stock, representing 74.2% of the class. This beneficial ownership is reported as of June 30, 2026 and is calculated based on 31,185,561 Class A shares outstanding as of August 12, 2026.

The position consists of shares and LLC Interests in BW Ultimate Parent, LLC exchangeable 1‑for‑1 into Class A shares, held through multiple BW Gas & Convenience Aggregator and Offshore limited partnerships and their general partners, as well as Brookwood Financial Co., Inc. Mr. Trkla directly holds 338,581 underlying shares and, through his controlling interest in Brookwood Advisors, LLC and Brookwood Financial Co., Inc., may be deemed to share beneficial ownership of the remaining Brookwood-managed holdings.

Positive

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Beneficially owned shares 46,225,020 shares Class A common stock beneficially owned as of June 30, 2026
Percent of Class A owned 74.2% Beneficial ownership percentage of Class A common stock
Shares outstanding 31,185,561 shares Class A shares outstanding as of August 12, 2026
Sole voting power 338,581 shares Shares over which there is sole power to vote
Shared voting power 45,886,439 shares Shares over which there is shared power to vote
Brookwood Advisors beneficial stake 45,875,727 shares Shares beneficially owned by Brookwood Advisors, LLC; 74.0% of class
beneficial ownership financial
"The ownership information presented herein represents beneficial ownership of Class A Common Stock"
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.
LLC Interests financial
"assumes the redemption of membership units of BW Ultimate Parent, LLC (the "LLC Interests")"
sole voting power financial
"5 | Sole Voting Power 338,581.00 6 | Shared Voting Power 45,886,439.00"
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.
shared dispositive power financial
"8 | Shared Dispositive Power 45,886,439.00"
general partner financial
"Collectively, BW Gas & Convenience Fund GP, LLC, BW Gas & Convenience Fund II GP, LLC and BW Gas & Convenience Fund III GP, LLC are referred to as the general partners."
A general partner is the person or firm that runs an investment partnership and legally represents it — they make the day-to-day decisions, choose which assets to buy or sell, and are responsible for the partnership’s obligations. Investors care because the general partner’s judgment, risk-taking and fee and profit-sharing arrangements determine both the potential returns and the level of exposure to losses; think of the GP as the ship’s captain whose skill and honesty shape the voyage’s outcome.

FAQ

What percentage of Yesway, Inc. (YSWY) is beneficially owned by the Brookwood group?

The Brookwood group, including Thomas N. Trkla and affiliated entities, reports beneficial ownership of 74.2% of Yesway’s Class A common stock. This percentage is based on 31,185,561 shares outstanding as of August 12, 2026.

How many Yesway (YSWY) Class A shares are beneficially owned by Thomas N. Trkla and affiliates?

They report beneficial ownership of 46,225,020 Class A shares of Yesway. This total includes both directly held shares and Class A shares underlying LLC Interests in BW Ultimate Parent, LLC exchangeable on a 1‑for‑1 basis.

What is the share count used to calculate ownership percentages for Yesway (YSWY)?

Ownership percentages are calculated using 31,185,561 Class A common shares outstanding. This figure is as of August 12, 2026, as disclosed in Yesway’s Quarterly Report on Form 10‑Q filed on August 13, 2026.

What direct Yesway (YSWY) holdings does Thomas N. Trkla report?

Thomas N. Trkla reports 338,581 Class A shares underlying LLC Interests held of record in his name. He may also be deemed to share beneficial ownership of additional shares held through Brookwood-controlled entities and funds.

Which Brookwood entities hold significant Yesway (YSWY) positions?

Significant positions include BW Gas & Convenience Aggregator, L.P. with 9,367,808 underlying shares, BW Gas & Convenience Aggregator II, L.P. with 19,735,435, and BW Gas & Convenience Aggregator III, L.P. with 1,686,923 underlying Class A shares.

What voting power is reported over Yesway (YSWY) shares by the Brookwood group?

The group reports 338,581 shares with sole voting power and 45,886,439 shares with shared voting power. These figures reflect direct holdings and fund- or entity-level ownership where voting authority is shared.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates





98585C100

(CUSIP Number)
06/30/2026

(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)




schemaVersion:


SCHEDULE 13G





SCHEDULE 13G




Comment for Type of Reporting Person: Limited Liability Company


SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G




Comment for Type of Reporting Person: Limited Liability Company


SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G




Comment for Type of Reporting Person: Limited Liability Company


SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G




Comment for Type of Reporting Person: Limited Liability Company


SCHEDULE 13G





SCHEDULE 13G



THOMAS N. TRKLA
Signature:/s/ Thomas N. Trkla
Name/Title:Thomas N. Trkla
Date:08/14/2026
Brookwood Advisors, LLC
Signature:/s/ Thomas N. Trkla
Name/Title:Thomas N. Trkla/ President, Chairman and Chief Executive Officer
Date:08/14/2026
BW Gas & Convenience Aggregator, L.P.
Signature:By: BW GAS & CONVENIENCE FUND GP, LLC, /s/ Thomas N. Trkla
Name/Title:Thomas N. Trkla/Manager
Date:08/14/2026
BW Gas & Convenience Offshore Fund, L.P.
Signature:By: BW GAS & CONVENIENCE FUND GP, LLC, /s/ Thomas N. Trkla
Name/Title:Thomas N. Trkla/Manager
Date:08/14/2026
BW Gas & Convenience Fund GP, LLC
Signature:/s/ Thomas N. Trkla
Name/Title:Thomas N. Trkla/Manager
Date:08/14/2026
BW Gas & Convenience Aggregator II, L.P.
Signature:BY: BW GAS & CONVENIENCE FUND II GP, LLC, /s/ Thomas N. Trkla
Name/Title:Thomas N. Trkla/Manager
Date:08/14/2026
BW Gas & Convenience Offshore Fund II, L.P.
Signature:BY: BW GAS & CONVENIENCE FUND II GP, LLC, /s/ Thomas N. Trkla
Name/Title:Thomas N. Trkla/Manager
Date:08/14/2026
BW Gas & Convenience Fund II GP, LLC
Signature:/s/ Thomas N. Trkla
Name/Title:Thomas N. Trkla/Manager
Date:08/14/2026
BW Gas & Convenience Aggregator III, L.P.
Signature:BY: BW GAS & CONVENIENCE FUND III GP, LLC, /s/ Thomas N. Trkla
Name/Title:Thomas N. Trkla/Manager
Date:08/14/2026
BW Gas & Convenience Offshore Fund III, L.P.
Signature:BY: BW GAS & CONVENIENCE FUND III GP, LLC, /s/ Thomas N. Trkla
Name/Title:Thomas N. Trkla/Manager
Date:08/14/2026
BW Gas & Convenience Fund III GP, LLC
Signature:/s/ Thomas N. Trkla
Name/Title:Thomas N. Trkla/Manager
Date:08/14/2026
Brookwood Financial Co., Inc.
Signature:/s/ Thomas N. Trkla
Name/Title:Thomas N. Trkla/Chairman, President and Chief Executive Officer
Date:08/14/2026
Exhibit Information

Exhibit 99: Joint Filing Agreement.