Key Takeaways
- The excerpt is a fragment of a Schedule 13D (or 13G) filing submitted by an individual reporting person, Daniel Leland Gnegy, concerning beneficial ownership of securities identified by CUSIP M6000J2001.
- The form captures detailed ownership metrics: sole and shared voting power, sole and shared dispositive power, and the aggregate number of shares beneficially owned.
- Certifications attached to the filing affirm that the securities were not acquired to influence or change corporate control, satisfying SEC requirements under § 240.14a-11.
- The signature, date, and attestation statement provide legal accountability for the accuracy of the disclosed information.
- Understanding these components helps investors assess whether a reporting person holds a passive investment or may have the ability to affect corporate governance.
Introduction to the Filing
The presented text appears to be a portion of a Schedule 13D (or its passive counterpart, Schedule 13G) filed with the U.S. Securities and Exchange Commission (SEC). Such filings are required when a person or entity acquires beneficial ownership of more than 5 percent of a class of a company’s equity securities. The purpose is to promote transparency about significant shareholders who could potentially influence corporate decisions. In this case, the reporting person is an individual, Daniel Leland Gnegy, whose disclosure centers on a single security identified by the CUSIP M6000J2001.
Schema Version and CUSIP Identification
At the top of the excerpt, the field “schemaVersion” indicates the version of the electronic filing format used to structure the data. Following that, the “CUSIP Number(s): M6000J2001” line uniquely identifies the security in question. The CUSIP (Committee on Uniform Securities Identification Procedures) system provides a nine‑character alphanumeric code that facilitates accurate tracking of securities across trading platforms, custodial systems, and regulatory databases. By specifying this CUSIP, the filer ensures that regulators and market participants can unequivocally link the ownership data to the correct issuer and security class.
Reporting Person Details
The line “Names of Reporting Persons: Gnegy Daniel Leland” identifies the individual who is making the disclosure. In Schedule 13D/G filings, each reporting person must be listed separately, even if they are part of a group. The form also includes a checkbox for indicating whether the person is a member of a group (see instructions). In this excerpt, the boxes for group membership are left unchecked, suggesting that Daniel Leland Gnegy is filing as an individual acting alone, rather than as part of a coordinated group seeking to influence the company.
Citizenship or Place of Organization
The filing notes the reporting person’s citizenship or place of organization as “UNITED STATES.” This information is relevant because it determines the jurisdictional applicability of certain securities laws and helps the SEC assess potential foreign ownership concerns. For individuals, citizenship is straightforward; for entities, the place of organization (e.g., state of incorporation or foreign jurisdiction) would be supplied. In this case, the U.S. designation confirms that the reporting person is subject to U.S. federal securities regulations.
Voting Power Disclosure
The form then breaks down voting power into four categories: sole voting power, shared voting power, sole dispositive power, and shared dispositive power. The values shown—0.006 for sole voting power, 0.007 for shared voting power, 0.008 for sole dispositive power, and 0.009 for shared dispositive power—represent percentages of the total class of securities. These figures indicate that Daniel Leland Gnegy holds a very small fraction of both voting and dispositive rights, suggesting a passive investment stance rather than a position that could unilaterally affect corporate decisions.
Aggregate Amount Beneficially Owned
The “Aggregate Amount Beneficially Owned by Each Reporting Person” field lists 0.001, which, when interpreted as a percentage, indicates that the reporting person beneficially owns just one‑tenth of one percent of the class of securities. Beneficial ownership encompasses shares held directly, as well as those over which the person has the power to vote or dispose, even if held in another name (e.g., through a brokerage account). This low percentage reinforces the notion of a minority, non‑controlling stake.
Exclusion Checkbox and Percent of Class
Adjacent to the aggregate amount is a checkbox labeled “Check box if the aggregate amount in row (9) excludes certain shares (See Instructions).” In this filing, the box is not checked, implying that the reported figure includes all shares over which the reporting person has beneficial ownership, without exclusions. The subsequent line, “Percent of class represented by amount in row (9),” would normally reflect the same percentage (0.001 %). This duplication serves as a cross‑check to ensure consistency between the raw number and its proportional representation.
Type of Reporting Person
The form concludes the data section with “Type of Reporting Person (See Instructions): IN.” The code “IN” stands for an individual person, distinguishing the filer from categories such as corporations, partnerships, trusts, or investment advisers. This classification helps the SEC quickly categorize filings for statistical analysis and for determining which specific disclosure requirements apply.
Certification Statement
Below the data fields, the filing includes a certification: “By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.” This language is a statutory requirement designed to prevent illicit attempts to gain control through covert accumulation of shares. By signing, the reporting person affirms that their ownership is purely investment‑based and not aimed at influencing corporate governance, except possibly for a permissible nominee‑related activity under SEC Rule 14a-11.
Signature, Name/Title, and Date
The certification is followed by a signature line: “Signature: Daniel Leland Gnegy,” with the printed name and title “Individual,” and the date “06/03/2026.” The signature provides legal accountability, attesting that the information submitted is true, complete, and correct to the best of the filer’s knowledge. The date indicates when the filing was made, which is crucial for assessing the timeliness of the disclosed ownership information.
Implications for Investors and Market Participants
For investors, a Schedule 13D/G filing such as this signals the presence of a new or updated beneficial owner, even if the stake is modest. The detailed breakdown of voting and dispositive power allows market participants to gauge whether the reporting person could exert influence over corporate decisions. In this case, the minuscule percentages suggest a passive holder unlikely to affect board elections or major corporate actions. Nonetheless, the filing contributes to the overall transparency of the equity market, enabling analysts to track ownership trends and assess potential shifts in shareholder bases that might affect stock liquidity or valuation.
Conclusion
Although the excerpt contains only a series of data fields and a brief certification, it encapsulates the essential elements of a beneficial ownership disclosure required by the SEC. Each component—from the CUSIP identifier and reporting person’s identity to the granular voting power metrics and the legally binding certification—serves to inform regulators and the public about who holds significant stakes in a company and whether those holdings are motivated by passive investment or active influence attempts. Understanding these elements equips investors with the tools needed to interpret ownership filings accurately and to make more informed decisions in the marketplace.