Jennings cuts Panamera (PHCI) stake to 23.9% with 4.1M-share gift
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13D/A
Rhea-AI Filing Summary
T. Benjamin Jennings filed Amendment No. 1 to Schedule 13D to report a personal gift of 4,100,000 shares of Panamera Holdings Corp common stock on March 12, 2026. The transfer was made for personal, estate, and family planning purposes and involved no consideration.
After the gift, Jennings beneficially owns 19,120,000 shares, representing about 23.9% of Panamera’s 79,886,074 outstanding common shares, down from 23,220,000 shares, or 29.1%, before the transfer. He retains sole voting and dispositive power over his remaining shares, and states the transaction is not intended to change or influence control of the company.
Positive
- None.
Negative
- None.
Key Figures
Shares gifted: 4,100,000 shares
Post-gift beneficial ownership: 19,120,000 shares
Post-gift ownership percentage: 23.9%
+3 more
6 metrics
Shares gifted
4,100,000 shares
Personal gift on March 12, 2026
Post-gift beneficial ownership
19,120,000 shares
Jennings’ beneficial holdings after gift
Post-gift ownership percentage
23.9%
Share of Panamera common stock after gift
Shares outstanding
79,886,074 shares
Panamera common stock outstanding used for ownership calculation
Pre-gift beneficial ownership
23,220,000 shares
Jennings’ holdings before the 4.1M-share gift
Pre-gift ownership percentage
29.1%
Jennings’ ownership before the reported gift
Key Terms
beneficially owns, Schedule 13D, Voting Rights Agreement, dispositive power, +1 more
5 terms
beneficially owns financial
"As of March 12, 2026, the Reporting Person beneficially owns 19,120,000 shares"
Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.
Schedule 13D regulatory
"filed a statement on Schedule 13G to report the acquisition"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
Voting Rights Agreement financial
"Pursuant to a Voting Rights Agreement dated December 20, 2021"
dispositive power financial
"The Recipient retains dispositive power over the transferred shares"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
sole voting power financial
"The Reporting Person has sole voting power and sole dispositive power"
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.
FAQ
What change in ownership did PHCI insider T. Benjamin Jennings report?
T. Benjamin Jennings reported gifting 4,100,000 Panamera Holdings Corp shares. His beneficial ownership decreased from 23,220,000 shares (about 29.1%) to 19,120,000 shares (about 23.9%) of the company’s 79,886,074 outstanding common shares as of March 12, 2026.
How much of Panamera Holdings (PHCI) does Jennings now beneficially own?
After the reported gift, Jennings beneficially owns 19,120,000 Panamera Holdings common shares. This represents approximately 23.9% of the company’s 79,886,074 outstanding shares, giving him a substantial continuing stake and sole voting and dispositive power over these shares.
What is the Voting Rights Agreement mentioned in the PHCI filing?
The Voting Rights Agreement dated December 20, 2021 governs voting rights on the transferred shares. Under it, the recipient relinquished all voting rights associated with the 4,100,000 gifted shares, although the recipient retains dispositive power over those Panamera Holdings shares.