Lin Yi-Chien has reported a significant decrease in his beneficial ownership of Beyond Air, Inc., now holding 8.9% of the company’s common stock. This change is important as it reflects an increase in Beyond Air's total shares outstanding, which may impact the company's market dynamics and investor perception.
Background
Beyond Air, Inc. operates in the surgical and medical instruments and apparatus sector. The company, incorporated in Delaware, has its principal executive office located at 900 Stewart Avenue, Suite 301, Garden City, NY. The most recent filing was made on October 21, 2026, as a Schedule 13G/A, indicating a change in Lin Yi-Chien's ownership stake.
What the Filing Says
The filing states, "The Reporting Person's beneficial ownership percentage has decreased from 14.8% to 8.9% solely as a result of an increase in the Issuer's total shares of common stock outstanding to 1,665,482 shares on 10/12/2026." This adjustment in ownership percentage marks a significant shift for Lin Yi-Chien.
Impact
This change in ownership may affect various stakeholders, including other investors and the management of Beyond Air, Inc. As Lin Yi-Chien is no longer considered a 10% beneficial owner, this may alter his influence within the company and its decision-making processes.
What's Next
The filing does not say what happens next.