Blackstone Sells $56M More in Jersey Mike's Over-Allotment Exercise
JMKE is trading near its 52-week low of $20.63 (9.3% above the low).
Summary
Blackstone entities sold 2.57 million Jersey Mike's shares for $56.2 million as part of the IPO over-allotment option exercise, reducing their stake to 187.1 million Class A shares.
Key Events · Ownership and Investor Activity · JMKE
-
Over-Allotment Sale Completed
Blackstone entities sold 2,572,560 Class A shares at $21.85 per share on August 25, 2026, generating $56,210,436 in proceeds.
-
Greenshoe Exercise, Not New Offering
The sale represents the underwriters' exercise of their over-allotment option from the July 30 IPO, priced at the $23.00 IPO price less the $1.15 underwriting discount.
-
Post-Sale Ownership
Blackstone's post-transaction holdings stand at 187,137,212 Class A shares, down from 189,709,772 before the sale.
-
Follows Initial IPO Sales
This follows Blackstone's $649 million sale on July 31, 2026, disclosed in Form 4 filings on August 4, 2026.
Analysis · JMKE · Trade & Services
Blackstone entities sold an additional 2.57 million Class A shares at $21.85 per share on August 25, 2026, generating $56.2 million. This is the underwriters' exercise of the over-allotment option from the July 30 IPO, not a new secondary offering. The sale reduces Blackstone's post-IPO stake but was fully anticipated under the greenshoe provision. The $21.85 price reflects the $23.00 IPO price less the $1.15 underwriting discount.
How filings like this one have moved
In the 30 days to Sep 11, 2026, 30.2% of the 1961 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.20%. 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, JMKE was trading at $22.54 on NYSE in the Trade & Services sector, with a market capitalization of approximately $7.1B. The 52-week trading range was $20.63 to $24.99. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.