Patrick Green Harrington Reports 5.08% Passive Stake in XTI Aerospace
XTI Aerospace, Inc.
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Filing Summary
Patrick Green Harrington Reports 5.08% Passive Stake in XTI Aerospace
Company: XTI Aerospace, Inc. Form: SCHEDULE 13G | Filed: 2026/09/03 Significance: Medium
Investor: Patrick Green Harrington Relationship: 5% Beneficial Owner (Individual Investor)
Ownership Summary: • Total Beneficial Ownership: 1,957,596 shares • Percentage of Class: 5.084% • Voting/Dispositive Power: Sole (1,957,596) • Filing Rule: Rule 13d-1(c) (Passive Investor)
Key Insight: Individual investor Patrick Green Harrington has crossed the 5% beneficial ownership threshold in XTI Aerospace, holding 1,957,596 shares representing 5.084% of the company's common stock.
Comprehensive Analysis
SEC Filing Analysis: XTI Aerospace, Inc.
Executive Summary
- Trading Significance: Medium
- Key Takeaway: Individual investor Patrick Green Harrington disclosed an initial 5.084% passive stake (1,957,596 shares) in XTI Aerospace, Inc. under Rule 13d-1(c).
- Market Impact: Neutral to slightly positive due to the emergence of a new 5% blockholder in a micro-cap security.
Company Information
| Field | Value |
|---|---|
| Company | XTI Aerospace, Inc. |
| Ticker Symbol | null |
| CIK | 0001529113 |
| Industry | Computer Programming Services |
Insider Information
| Field | Value |
|---|---|
| Name | Patrick Green Harrington |
| CIK | 0002152553 |
| Title/Position | Individual Investor |
| Relationship | 5% Beneficial Owner |
Transaction Details
| Field | Value |
|---|---|
| Form Type | SCHEDULE 13G |
| Event Date | 2026-08-20 |
| Filing Date | 2026-09-03 |
| Security Type | Common Stock, par value $0.001 per share |
| Aggregate Shares Owned | 1,957,596 |
| Percent of Class | 5.084% |
| Voting Power | Sole (1,957,596 shares) |
| Dispositive Power | Sole (1,957,596 shares) |
Financial Impact Assessment
Transaction Materiality
| Metric | Value |
|---|---|
| Shares Owned | 1,957,596 |
| Total Shares Outstanding | 38,480,000 |
| % of Shares Outstanding | 5.084% |
| Company Market Cap | ~$60 Million ($0.06B) |
| Materiality Assessment | Moderate to Significant Stake Threshold Crossing |
Impact Evaluation
- Market Cap Context: With a market cap of approximately $60M, an individual accumulating over 1.95 million shares represents a meaningful concentrated stake.
- Ownership Concentration: Crossing the 5% threshold subjects the holder to Schedule 13 reporting requirements, signaling notable accumulation by an individual investor.
- Passive Intent: The filing is made under Rule 13d-1(c), certifying that the shares were acquired in the ordinary course and not with the purpose or effect of changing or influencing control.
Market Impact Analysis
- Direction: Neutral
- Reasoning: Passive 13G filings report existing accumulated holdings rather than active activist pressure or direct corporate financing events.
- Expected Volume Impact: Low ongoing volume impact, though initial disclosure of a 5% holder may briefly enhance visibility among retail and micro-cap investors.
- Sentiment Indicator: Neutral
Additional Context
- Event Date: The event date triggering the filing was August 20, 2026.
- Filing Purpose: Initial disclosure of beneficial ownership exceeding 5% pursuant to SEC Rule 13d-1(c).
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.
