JAFFER REHAN 4
Research Summary
AI-generated summary
Six Flags (FUN) Director Rehan Jaffer Buys 250,000 Shares
What Happened
- Rehan Jaffer, a Director of Six Flags Entertainment Corp. (FUN), reported two open-market purchases (code P) totaling 250,000 shares. On 2026-06-12 he acquired 125,000 shares for a reported weighted-average price of $23.69 (total ~$2,961,613). On 2026-06-15 he acquired 125,000 shares for a reported weighted-average price of $23.41 (total ~$2,926,063). Aggregate consideration for both purchases is about $5,887,676.
Key Details
- Transaction dates and reported amounts:
- 2026-06-12 — 125,000 shares at $23.69 (weighted avg) — $2,961,613
- 2026-06-15 — 125,000 shares at $23.41 (weighted avg) — $2,926,063
- The filing notes the reported prices are weighted averages and the purchases were executed in multiple trades. Footnotes disclose trade price ranges of $23.09–$23.77 and $23.45–$24.065 across the transactions.
- Shares are held by funds managed by H Partners Management, LLC. As Founder and Managing Member of H Management, Mr. Jaffer may be deemed to have voting and dispositive power over those fund-held shares; he disclaims beneficial ownership except to the extent of his pecuniary interest (per footnote).
- Filing timeliness: Form 4 was filed 2026-06-16 for transactions on 2026-06-12 and 2026-06-15 — the Form 4 filing date is within the normal 2-business-day window.
Context
- These were open-market purchases (code P), not option exercises or awards. The filing does not disclose the total number of Six Flags shares Mr. Jaffer beneficially owns after these transactions in the provided excerpt. Purchases by insiders are factual data points for investors but do not by themselves explain motives or guarantee future performance.