Jersey Mike's (JMKE) Abu Dhabi Investment Authority Sells 382,134 Shares

What Happened

• The Abu Dhabi Investment Authority (ADIA), a reported 10% owner, sold 382,134 shares of Jersey Mike's Subs Inc. (JMKE) on 2026-08-25 at $21.85 per share, generating $8,349,628 in proceeds. The sale was made in connection with a secondary public offering (shares sold by the reporting persons through underwriters).

Key Details

• Transaction date and price: 2026-08-25, 382,134 shares at $21.85 each (total $8,349,628).
• Structure: Sale in connection with a secondary public offering; $21.85 equals the $23.00 offering price less a $1.15 underwriting discount (per footnote).
• Beneficial ownership chain: Shares were sold directly by Boardwalk II Aggregator L.P.; Platinum Falcon B 2018 RSC Limited and Platinum International Investment Holdings RSC Limited are in the ownership chain, and ADIA is the sole owner of Platinum Holdings—so ADIA and the related entities may be deemed to beneficially own the reported shares (footnote).
• Shares owned after transaction: Not specified in the provided excerpt—see the full Form 4 for current holdings.
• Filing timeliness: Report filed 2026-08-27 for a 2026-08-25 transaction (filed within the typical two-business-day Form 4 window).
• Ownership disclaimer: Reporting persons disclaim Section 16 beneficial ownership except to the extent of any pecuniary interest (per footnote).

Context

• This is institutional selling tied to a secondary offering, not an executive insider trade; institutional dispositions like this often reflect portfolio or offering activity rather than a manager’s view of the company. The Form 4 notes the sale was handled through underwriters as part of the offering process.