AIPCT Holdings LLC 4

What Happened
AIPCT Holdings LLC (reported as a 10% owner) sold 3,041,288 shares of Titan International, Inc. (TWI) on March 4, 2026 at $8.95 per share, for total proceeds of $27,219,528. The filing indicates the sale was an "open market or private sale" (transaction code S). Sales by large holders are often routine portfolio transactions rather than bullish signals.

Key Details

• Transaction date: 2026-03-04; Price: $8.95 per share; Shares sold: 3,041,288; Total value: $27,219,528.
• Filing date: 2026-03-06 — appears timely (filed within the SEC’s two-business-day window).
• Shares owned after transaction: not specified in the provided Form 4 data.
• Reporting persons: filing submitted by AIPCT Intermediate Holdings I LLC and AIPCT Holdings LLC (Holdings is sole manager of Intermediate).
• Additional entities (AIPCF V funds and related general partners) will be added as reporting persons once EDGAR accounts are reactivated (per footnote).
• Footnotes note that actions regarding these shares require a unanimous vote of three directors of AIPCF V (Cayman), Ltd.; those directors may share voting/dispositive power but disclaim beneficial ownership except to the extent of any pecuniary interest. The Reporting Persons disclaim status as a "group" under Rule 13d-5.

Context

• This is an institutional/10%‑owner sale, not an executive-level trade; such disposals can reflect portfolio management or liquidity needs rather than a view on company fundamentals.
• The method of sale is ambiguous in the filing ("open market or private sale"), so execution details are unclear.
• No options exercised, awards, gifts, or tax-withholding transactions are reported in this filing.