WhiteHawk Income Corp (WHK) director reports indirect holdings in Form 3 filing
Rhea-AI Filing Summary
WhiteHawk Income Corp director Jeffery Allen Smith filed a Form 3 reporting his indirect holdings in the company through BCA-WHE LLC. The filing shows BCA-WHE holds 350 shares of Series D Preferred Stock and 33,212 shares of Class A common stock.
Smith is the Chief Executive Officer of BCA-WHE and has been delegated voting and dispositive power over these securities, but he disclaims beneficial ownership except for his economic interest. The Series D Preferred Stock has no voting rights, is not convertible into Class A common stock, and all outstanding shares of this series will be redeemed when WhiteHawk consummates its initial public offering.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Smith Jeffery Allen
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A Common Stock | -- | -- | -- |
| holding | Series D Preferred Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 33,212 shares (Indirect, By BCA-WHE LLC);
Series D Preferred Stock — 350 shares (Indirect, By BCA-WHE LLC)
Footnotes (1)
- Represents securities held by BCA-WHE LLC ("BCA-WHE"). The Reporting Person serves as the Chief Executive Officer of BCA-WHE. In such capacity, Mr. Smith has been delegated voting and dispositive power over the shares held by BCA-WHE. Mr. Smith disclaims beneficial ownership of the shares held by BCA-WHE except to the extent of his pecuniary interest therein. The Series D Preferred Stock has no voting rights and is not convertible into Class A common stock. The Issuer will redeem all outstanding shares of Series D Preferred Stock at the consummation of its initial public offering.
Key Figures
Series D Preferred held: 350 shares
Class A common held: 33,212 shares
Holding entries reported: 2 holdings
3 metrics
Series D Preferred held
350 shares
Indirectly held by BCA-WHE LLC for Smith
Class A common held
33,212 shares
Indirectly held by BCA-WHE LLC for Smith
Holding entries reported
2 holdings
Series D Preferred and Class A common stock
Key Terms
Series D Preferred Stock, Class A Common Stock, dispositive power, beneficial ownership, +1 more
5 terms
Series D Preferred Stock financial
"Represents securities held by BCA-WHE LLC ("BCA-WHE"). The Series D Preferred Stock has no voting rights"
Series D preferred stock is a specific class of preferred shares typically issued in a later-stage financing round that gives holders special rights such as priority for payout before common shareholders, fixed or cumulative dividends, and often the option to convert into common shares. Investors care because these shares affect who gets paid first in a sale or liquidation, influence ownership and voting power, and change how future fundraising or an exit will impact an investor’s return—like a VIP ticket that can sometimes be exchanged for a regular ticket if that proves more valuable.
Class A Common Stock financial
"security_title": "Class A Common Stock" ... total_shares_following_transaction": "33212.0000""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
dispositive power financial
"Mr. Smith has been delegated voting and dispositive power over the shares held by BCA-WHE"
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.
beneficial ownership financial
"Mr. Smith disclaims beneficial ownership of the shares held by BCA-WHE except to the extent"
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.
initial public offering financial
"The Issuer will redeem all outstanding shares of Series D Preferred Stock at the consummation of its initial public offering"
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider holdings does the WhiteHawk Income Corp (WHK) Form 3 report for Jeffery Allen Smith?
The Form 3 reports indirect holdings via BCA-WHE LLC. It shows BCA-WHE holds 350 shares of Series D Preferred Stock and 33,212 shares of Class A common stock, over which Smith has delegated voting and dispositive power.
What does the WhiteHawk Income Corp (WHK) Form 3 disclose about the Series D Preferred Stock?
The Series D Preferred Stock has limited rights. It carries no voting rights, is not convertible into Class A common stock, and all outstanding shares of this series will be redeemed upon the consummation of WhiteHawk’s initial public offering.
Does the WhiteHawk Income Corp (WHK) Form 3 show any insider buying or selling activity?
The filing lists holdings rather than trades. Both entries are characterized as holdings with unknown transaction codes, so the Form 3 serves to disclose Smith’s indirect ownership through BCA-WHE LLC instead of reporting new buy or sell transactions.
What is the significance of Smith’s pecuniary interest language in the WhiteHawk Income Corp (WHK) Form 3?
The filing includes a standard ownership disclaimer. Smith disclaims beneficial ownership of shares held by BCA-WHE LLC except to the extent of his pecuniary interest, clarifying he is reporting indirect economic exposure rather than asserting full personal ownership.