Six Flags Director Rehan Jaffer Buys 1.45M Shares for $14.9M Open-Market
FUN sits 55% above its 52-week low of $6.6.
Summary
Six Flags director Rehan Jaffer bought 1.45 million shares for $14.9 million in open-market trades on November 6-10, raising his indirect holdings to 6.35 million shares. The buying comes days after a $678.7 million impairment and weak Q4 guidance pushed the stock to record lows.
Key Events · Ownership and Investor Activity · FUN
-
Director Buys 1.45M Shares
Rehan Jaffer purchased 1,450,000 shares in three open-market transactions from November 6 to November 10, 2026, for a total of $14,929,000.
-
Weighted-Average Pricing
Tranches priced at $10.00 (700,000 shares), $10.86 (350,000 shares) and $10.32 (400,000 shares), with intraday ranges of $9.55-$11.00.
-
Stake Rises to 6.35M Shares
Post-transaction indirect holdings via H Partners-managed funds total 6,350,000 shares; Jaffer disclaims beneficial ownership beyond his pecuniary interest.
-
Timing After Impairment
Follows the November 5 10-Q disclosing a $678.7 million non-cash impairment, a $366.1 million quarterly loss and negative book equity, plus Q4 Adjusted EBITDA guidance of $140-150 million.
Analysis · FUN · Trade & Services
A director put $14.9 million of real money into the stock over three sessions, lifting his indirect stake to 6.35 million shares. That is a large open-market purchase — not an option exercise or grant — and it lands days after the company disclosed a $678.7 million non-cash impairment and negative book equity in its Q3 10-Q. Jaffer runs H Partners, so the buying reflects an activist-adjacent holder adding aggressively while the stock sits near all-time lows following the fatal coaster incident and the Q4 EBITDA guidance cut. The purchases were spread across $10.00-$10.86, bracketing today's $10.25 price.
How filings like this one have moved
In the 30 days to Nov 10, 2026, 47.7% of the 1624 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.19%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, FUN was trading at $10.25 on NYSE in the Trade & Services sector, with a market capitalization of approximately $1B. The 52-week trading range was $6.60 to $26.28. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.