STOCK TITAN

Jennings cuts Panamera (PHCI) stake to 23.9% with 4.1M-share gift

Filing Impact
(High)
Filing Sentiment
(Neutral)
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.
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
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.
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69829Y109

(CUSIP Number)
T. Benjamin Jennings
2000 West Loop South, Suite 1820
Houston, TX, 77027
(713) 898-7200

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
03/12/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D






SCHEDULE 13D


T. Benjamin Jennings
Signature:/s/ T. Benjamin Jennings
Name/Title:T. Benjamin Jennings
Date:04/17/2026

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.

Was the 4.1 million PHCI share transfer by Jennings a sale?

No, the 4,100,000-share transfer was described as a personal gift. The filing states no consideration was paid or received; the transfer was for personal, estate, and family planning purposes rather than a market sale of Panamera Holdings shares.

Does Jennings’ PHCI share gift affect control of Panamera Holdings?

The filing states the gift is not intended to change or influence control. Jennings still beneficially owns 19,120,000 shares with sole voting and dispositive power, and the transferred shares are subject to a Voting Rights Agreement governing their voting rights.

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.

Were there other recent PHCI share transactions by Jennings?

The filing states that, during the sixty days before March 12, 2026, Jennings had no transactions in Panamera Holdings common stock other than the 4,100,000-share personal gift reported in this Amendment No. 1 to Schedule 13D.