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[8-K] Baxter International Inc. Reports Material Event

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(Neutral)
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Form Type
8-K
Rhea-AI Filing Summary

Riskified Ltd. (RSKD) Schedule 13G/A, Amendment 5 details updated insider ownership as of 30 Jun 2025.

  • Assaf Feldman: 12,424,377 Class A shares (10.4% of outstanding 110,424,051). Composition: 1,941,874 Class A held directly; 2,734,200 Class A underlying convertible Class B; 54,588 RSUs vesting within 60 days; 6,379,100 Class A underlying Class B held by Sundance NYC Holdings; 1,314,615 Class A held by spouse Maria Feldman.
  • Sundance NYC Holdings LLC: 6,379,100 Class A shares (5.5%) via convertible Class B; voting and dispositive power shared.
  • Maria Feldman: 12,369,789 Class A shares (10.3%) reflecting shared holdings with Assaf Feldman and Sundance; disclaims 54,588 RSUs.

Percentages assume conversion of all derivative securities within 60 days. No other material transactions or certifications are disclosed. Filing confirms both Feldmans remain >10% beneficial owners, maintaining significant insider influence and highlighting a potential supply of up to 9.1 million shares from convertible Class B and near-term RSU vesting.

Riskified Ltd. (RSKD) Schedule 13G/A, Emendamento 5 aggiorna la proprietà interna al 30 giugno 2025.

  • Assaf Feldman: 12.424.377 azioni di Classe A (10,4% su 110.424.051 totali). Composizione: 1.941.874 azioni Classe A detenute direttamente; 2.734.200 azioni Classe A derivanti da conversione di Classe B; 54.588 RSU in scadenza entro 60 giorni; 6.379.100 azioni Classe A sottostanti Classe B detenute da Sundance NYC Holdings; 1.314.615 azioni Classe A detenute dalla coniuge Maria Feldman.
  • Sundance NYC Holdings LLC: 6.379.100 azioni Classe A (5,5%) tramite azioni convertibili Classe B; poteri di voto e dispositivi condivisi.
  • Maria Feldman: 12.369.789 azioni Classe A (10,3%) che riflettono la proprietà condivisa con Assaf Feldman e Sundance; rinuncia a 54.588 RSU.

Le percentuali considerano la conversione di tutti i titoli derivati entro 60 giorni. Non sono riportate altre transazioni o certificazioni rilevanti. Il deposito conferma che entrambi i Feldman restano beneficiari di oltre il 10%, mantenendo un'influenza interna significativa e indicando una potenziale disponibilità fino a 9,1 milioni di azioni da conversione di Classe B e vesting imminente di RSU.

Riskified Ltd. (RSKD) Schedule 13G/A, Enmienda 5 detalla la propiedad interna actualizada al 30 de junio de 2025.

  • Assaf Feldman: 12.424.377 acciones Clase A (10,4% de 110.424.051 en circulación). Composición: 1.941.874 acciones Clase A en propiedad directa; 2.734.200 acciones Clase A derivadas de conversión de Clase B; 54.588 RSU que vencerán en 60 días; 6.379.100 acciones Clase A subyacentes a Clase B en Sundance NYC Holdings; 1.314.615 acciones Clase A a nombre de su esposa Maria Feldman.
  • Sundance NYC Holdings LLC: 6.379.100 acciones Clase A (5,5%) a través de Clase B convertible; poder de voto y disposición compartidos.
  • Maria Feldman: 12.369.789 acciones Clase A (10,3%) que reflejan propiedad compartida con Assaf Feldman y Sundance; renuncia a 54.588 RSU.

Los porcentajes asumen la conversión de todos los valores derivados dentro de 60 días. No se divulgan otras transacciones o certificaciones materiales. El informe confirma que ambos Feldman mantienen más del 10% de propiedad beneficiosa, conservando una influencia interna significativa y destacando un suministro potencial de hasta 9,1 millones de acciones por Clase B convertible y vesting próximo de RSU.

Riskified Ltd. (RSKD) Schedule 13G/A, 수정 5� 2025� 6� 30� 기준 내부� 지� 현황� 업데이트했습니다.

  • Assaf Feldman: � 110,424,051� � 12,424,377� 클래� A 주식(10.4%). 구성: 직접 보유 클래� A 1,941,874�; 전환 가능한 클래� B에서 파생� 클래� A 2,734,200�; 60� � 권리 행사 예정 RSU 54,588�; Sundance NYC Holdings가 보유� 클래� B 기반 클래� A 6,379,100�; 배우� Maria Feldman 명의 클래� A 1,314,615�.
  • Sundance NYC Holdings LLC: 전환 가능한 클래� B� 통한 클래� A 주식 6,379,100�(5.5%); 의결� � 처분 권한 공유.
  • Maria Feldman: Assaf Feldman � Sundance와 공유 지분을 반영� 클래� A 12,369,789�(10.3%); 54,588 RSU� 권리 포기.

비율은 60� � 모든 파생 증권 전환� 가정합니다. 기타 중요� 거래� 인증은 공개되지 않았습니�. � 제출 자료� � Feldman� 모두 10% 이상� 실질 소유자임� 확인하며, 내부자의 중요� 영향력을 유지하고 전환 가능한 클래� B � � 만기되는 RSU� 통해 최대 910� 주까지 공급 가능성� 강조합니�.

Riskified Ltd. (RSKD) Schedule 13G/A, Amendement 5 détaille la propriété des initiés mise à jour au 30 juin 2025.

  • Assaf Feldman : 12 424 377 actions de classe A (10,4 % sur 110 424 051 en circulation). Composition : 1 941 874 actions de classe A détenues directement ; 2 734 200 actions de classe A issues de la conversion d’actions de classe B ; 54 588 RSU acquises dans les 60 jours ; 6 379 100 actions de classe A sous-jacentes aux actions de classe B détenues par Sundance NYC Holdings ; 1 314 615 actions de classe A détenues par l’épouse Maria Feldman.
  • Sundance NYC Holdings LLC : 6 379 100 actions de classe A (5,5 %) via des actions convertibles de classe B ; pouvoirs de vote et de disposition partagés.
  • Maria Feldman : 12 369 789 actions de classe A (10,3 %) reflétant des participations partagées avec Assaf Feldman et Sundance ; renonce à 54 588 RSU.

Les pourcentages supposent la conversion de tous les titres dérivés dans les 60 jours. Aucune autre transaction ou certification importante n’est divulguée. Le dépôt confirme que les deux Feldman restent bénéficiaires de plus de 10 %, conservant une influence interne significative et soulignant une offre potentielle allant jusqu’� 9,1 millions d’actions issues des actions convertibles de classe B et de la prochaine acquisition des RSU.

Riskified Ltd. (RSKD) Schedule 13G/A, Nachtrag 5 aktualisiert die Insider-Beteiligungen zum 30. Juni 2025.

  • Assaf Feldman: 12.424.377 Klasse-A-Aktien (10,4% von insgesamt 110.424.051). Zusammensetzung: 1.941.874 Klasse-A-Aktien direkt gehalten; 2.734.200 Klasse-A-Aktien aus wandelbaren Klasse-B-Anteilen; 54.588 RSUs, die innerhalb von 60 Tagen fällig werden; 6.379.100 Klasse-A-Aktien aus Klasse-B-Anteilen, gehalten von Sundance NYC Holdings; 1.314.615 Klasse-A-Aktien im Besitz der Ehefrau Maria Feldman.
  • Sundance NYC Holdings LLC: 6.379.100 Klasse-A-Aktien (5,5%) über wandelbare Klasse-B-Anteile; Stimm- und Verfügungsrechte geteilt.
  • Maria Feldman: 12.369.789 Klasse-A-Aktien (10,3%), die die gemeinsame Beteiligung mit Assaf Feldman und Sundance widerspiegeln; verzichtet auf 54.588 RSUs.

Die Prozentsätze basieren auf der Umwandlung aller derivativen Wertpapiere innerhalb von 60 Tagen. Es werden keine weiteren wesentlichen Transaktionen oder Zertifizierungen offengelegt. Die Einreichung bestätigt, dass beide Feldmans weiterhin über 10% der wirtschaftlichen Eigentumsrechte verfügen, was eine bedeutende Insider-Einflussnahme bewahrt und auf ein potenzielles Angebot von bis zu 9,1 Millionen Aktien aus wandelbaren Klasse-B-Anteilen und bald fälligen RSUs hinweist.

Positive
  • Management commitment: Assaf and Maria Feldman each maintain ~10% stakes, signalling long-term alignment with shareholders.
  • Transparency: Amendment No. 5 provides detailed breakdown of direct, indirect and derivative holdings, improving disclosure quality.
Negative
  • Dilution risk: 9.1 million Class B shares and 54.6k RSUs may convert to Class A within 60 days, expanding float by ~8%.
  • Control concentration: Combined insider ownership above 20% may limit influence of minority shareholders.

Insights

TL;DR: Filing reconfirms >10% insider stakes; limited immediate market impact but signals possible future dilution from Class B conversions.

The amendment chiefly updates share counts and percentages for Assaf Feldman, Maria Feldman and Sundance NYC Holdings. While no buy/sell action is reported, the disclosure reminds investors that roughly 9.1 million Class B shares can be converted to Class A over the next two months, equal to ~8% of the public float. That latent supply could weigh on sentiment if conversions translate into market sales. Conversely, continued double-digit ownership indicates management’s economic commitment. Overall, the information is routine and does not alter the company’s fundamentals.

TL;DR: High insider ownership strengthens control, but shared voting rights may raise minority shareholder concerns.

Both Feldmans control more than a tenth of outstanding Class A shares, and Sundance’s holdings are managed by Assaf Feldman. Such concentration can align interests with investors yet also entrench leadership. The filing clarifies shared voting/dispositive powers, satisfying disclosure rules and reducing opacity. Governance risk primarily stems from the dual-class structure: conversion of Class B shares eliminates high-vote rights, potentially reducing insider control over time. Impact on governance outlook is neutral at present.

Riskified Ltd. (RSKD) Schedule 13G/A, Emendamento 5 aggiorna la proprietà interna al 30 giugno 2025.

  • Assaf Feldman: 12.424.377 azioni di Classe A (10,4% su 110.424.051 totali). Composizione: 1.941.874 azioni Classe A detenute direttamente; 2.734.200 azioni Classe A derivanti da conversione di Classe B; 54.588 RSU in scadenza entro 60 giorni; 6.379.100 azioni Classe A sottostanti Classe B detenute da Sundance NYC Holdings; 1.314.615 azioni Classe A detenute dalla coniuge Maria Feldman.
  • Sundance NYC Holdings LLC: 6.379.100 azioni Classe A (5,5%) tramite azioni convertibili Classe B; poteri di voto e dispositivi condivisi.
  • Maria Feldman: 12.369.789 azioni Classe A (10,3%) che riflettono la proprietà condivisa con Assaf Feldman e Sundance; rinuncia a 54.588 RSU.

Le percentuali considerano la conversione di tutti i titoli derivati entro 60 giorni. Non sono riportate altre transazioni o certificazioni rilevanti. Il deposito conferma che entrambi i Feldman restano beneficiari di oltre il 10%, mantenendo un'influenza interna significativa e indicando una potenziale disponibilità fino a 9,1 milioni di azioni da conversione di Classe B e vesting imminente di RSU.

Riskified Ltd. (RSKD) Schedule 13G/A, Enmienda 5 detalla la propiedad interna actualizada al 30 de junio de 2025.

  • Assaf Feldman: 12.424.377 acciones Clase A (10,4% de 110.424.051 en circulación). Composición: 1.941.874 acciones Clase A en propiedad directa; 2.734.200 acciones Clase A derivadas de conversión de Clase B; 54.588 RSU que vencerán en 60 días; 6.379.100 acciones Clase A subyacentes a Clase B en Sundance NYC Holdings; 1.314.615 acciones Clase A a nombre de su esposa Maria Feldman.
  • Sundance NYC Holdings LLC: 6.379.100 acciones Clase A (5,5%) a través de Clase B convertible; poder de voto y disposición compartidos.
  • Maria Feldman: 12.369.789 acciones Clase A (10,3%) que reflejan propiedad compartida con Assaf Feldman y Sundance; renuncia a 54.588 RSU.

Los porcentajes asumen la conversión de todos los valores derivados dentro de 60 días. No se divulgan otras transacciones o certificaciones materiales. El informe confirma que ambos Feldman mantienen más del 10% de propiedad beneficiosa, conservando una influencia interna significativa y destacando un suministro potencial de hasta 9,1 millones de acciones por Clase B convertible y vesting próximo de RSU.

Riskified Ltd. (RSKD) Schedule 13G/A, 수정 5� 2025� 6� 30� 기준 내부� 지� 현황� 업데이트했습니다.

  • Assaf Feldman: � 110,424,051� � 12,424,377� 클래� A 주식(10.4%). 구성: 직접 보유 클래� A 1,941,874�; 전환 가능한 클래� B에서 파생� 클래� A 2,734,200�; 60� � 권리 행사 예정 RSU 54,588�; Sundance NYC Holdings가 보유� 클래� B 기반 클래� A 6,379,100�; 배우� Maria Feldman 명의 클래� A 1,314,615�.
  • Sundance NYC Holdings LLC: 전환 가능한 클래� B� 통한 클래� A 주식 6,379,100�(5.5%); 의결� � 처분 권한 공유.
  • Maria Feldman: Assaf Feldman � Sundance와 공유 지분을 반영� 클래� A 12,369,789�(10.3%); 54,588 RSU� 권리 포기.

비율은 60� � 모든 파생 증권 전환� 가정합니다. 기타 중요� 거래� 인증은 공개되지 않았습니�. � 제출 자료� � Feldman� 모두 10% 이상� 실질 소유자임� 확인하며, 내부자의 중요� 영향력을 유지하고 전환 가능한 클래� B � � 만기되는 RSU� 통해 최대 910� 주까지 공급 가능성� 강조합니�.

Riskified Ltd. (RSKD) Schedule 13G/A, Amendement 5 détaille la propriété des initiés mise à jour au 30 juin 2025.

  • Assaf Feldman : 12 424 377 actions de classe A (10,4 % sur 110 424 051 en circulation). Composition : 1 941 874 actions de classe A détenues directement ; 2 734 200 actions de classe A issues de la conversion d’actions de classe B ; 54 588 RSU acquises dans les 60 jours ; 6 379 100 actions de classe A sous-jacentes aux actions de classe B détenues par Sundance NYC Holdings ; 1 314 615 actions de classe A détenues par l’épouse Maria Feldman.
  • Sundance NYC Holdings LLC : 6 379 100 actions de classe A (5,5 %) via des actions convertibles de classe B ; pouvoirs de vote et de disposition partagés.
  • Maria Feldman : 12 369 789 actions de classe A (10,3 %) reflétant des participations partagées avec Assaf Feldman et Sundance ; renonce à 54 588 RSU.

Les pourcentages supposent la conversion de tous les titres dérivés dans les 60 jours. Aucune autre transaction ou certification importante n’est divulguée. Le dépôt confirme que les deux Feldman restent bénéficiaires de plus de 10 %, conservant une influence interne significative et soulignant une offre potentielle allant jusqu’� 9,1 millions d’actions issues des actions convertibles de classe B et de la prochaine acquisition des RSU.

Riskified Ltd. (RSKD) Schedule 13G/A, Nachtrag 5 aktualisiert die Insider-Beteiligungen zum 30. Juni 2025.

  • Assaf Feldman: 12.424.377 Klasse-A-Aktien (10,4% von insgesamt 110.424.051). Zusammensetzung: 1.941.874 Klasse-A-Aktien direkt gehalten; 2.734.200 Klasse-A-Aktien aus wandelbaren Klasse-B-Anteilen; 54.588 RSUs, die innerhalb von 60 Tagen fällig werden; 6.379.100 Klasse-A-Aktien aus Klasse-B-Anteilen, gehalten von Sundance NYC Holdings; 1.314.615 Klasse-A-Aktien im Besitz der Ehefrau Maria Feldman.
  • Sundance NYC Holdings LLC: 6.379.100 Klasse-A-Aktien (5,5%) über wandelbare Klasse-B-Anteile; Stimm- und Verfügungsrechte geteilt.
  • Maria Feldman: 12.369.789 Klasse-A-Aktien (10,3%), die die gemeinsame Beteiligung mit Assaf Feldman und Sundance widerspiegeln; verzichtet auf 54.588 RSUs.

Die Prozentsätze basieren auf der Umwandlung aller derivativen Wertpapiere innerhalb von 60 Tagen. Es werden keine weiteren wesentlichen Transaktionen oder Zertifizierungen offengelegt. Die Einreichung bestätigt, dass beide Feldmans weiterhin über 10% der wirtschaftlichen Eigentumsrechte verfügen, was eine bedeutende Insider-Einflussnahme bewahrt und auf ein potenzielles Angebot von bis zu 9,1 Millionen Aktien aus wandelbaren Klasse-B-Anteilen und bald fälligen RSUs hinweist.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): July 31, 2025
Baxter International Inc.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
1-444836-0781620
(Commission File Number)(I.R.S. Employer Identification No.)
One Baxter Parkway, Deerfield, Illinois
60015
(Address of principal executive offices)(Zip Code)
(224)948-2000
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $1.00 par valueBAX (NYSE)New York Stock Exchange
1.3% Global Notes due 2029BAX 29New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter):
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act:   ☐



Item 2.02 Results of Operations and Financial Condition.
On July 31, 2025, Baxter International Inc. (the Company) issued an earnings press release for the period ended June 30, 2025. The press release, including attachments, is furnished as Exhibit 99.1 to this report.

The information in this Item 2.02 of Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act) or otherwise subject to the liabilities of that section and is not incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d)Exhibits.
Exhibit NumberDescription
99.1
Press Release Dated July 31, 2025
104Cover Page Interactive Data File (embedded within the Inline XBRL document)




SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: July 31, 2025
BAXTER INTERNATIONAL INC.
By:/s/ Joel T. Grade
Name:Joel T. Grade
Title:Executive Vice President and
Chief Financial Officer


FAQ

How many Riskified (RSKD) shares does Assaf Feldman beneficially own?

He reports 12,424,377 Class A shares, representing 10.4% of the class as of 30 Jun 2025.

What is Sundance NYC Holdings LLC’s ownership in Riskified?

The LLC holds 6,379,100 Class A shares (5.5%), all arising from convertible Class B shares.

What share count was used to calculate the ownership percentages?

The filing references 110,424,051 Class A shares outstanding as of 30 Jun 2025.

Are the Class B shares already converted to Class A?

No. Percentages assume conversion within 60 days; conversion has not yet occurred.

Why was this Schedule 13G/A Amendment No. 5 filed?

To update beneficial ownership information triggered by the event date of 30 Jun 2025 for the reporting persons.
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