Schedule of Equity Security Holders — Analysis

Who Actually Holds BBBYQ

2,480 registered common‑stock positions, sorted, bracketed, and cross‑examined for signs of conviction.
01 — The Ledger

Two very different shareholder bases live in this file

The register lists 2,480 common‑stock lines. One of them isn't a person at all — it's the clearing house that holds shares on behalf of everyone who owns stock through a regular brokerage account. Strip that line out, and the remaining 2,479 names are the directly registered holders whose conviction we can actually size up, share by share.

⚠ Not a shareholder — a nominee

CEDE & CO (FAST ACCOUNT) holds 776,404,408 shares of common stock, 1,234,693 warrants, and 180 preferred shares. This is the Depository Trust Company's nominee name — the standard "street name" through which the vast majority of retail brokerage accounts (Fidelity, Schwab, Robinhood, etc.) hold stock. It represents an unknown number of individual beneficial owners, not one whale. It's excluded from every chart below so the real distribution isn't swamped by it.

2,479
Registered Holders
4,971,109
Shares They Hold
125
Median Holding
2,005
Mean Holding
450,000
Largest Single Position

Mean far exceeds median — a handful of large positions pull the average up. That gap is the whole story of this report.

02 — The Bracket Ladder

Every holder, sorted into sixteen rungs

Each rung is a share‑count bracket. Toggle between how many people sit on a rung and how many shares that rung controls — the two views tell opposite stories.

Share of the 2,479 holders Share of the 4,971,109 shares

Look at rungs 1–6 (1 to 100 shares): roughly 44% of all holders sit there, controlling barely 0.7% of the shares. Then look at the top three rungs (25,000+ shares): about 1.3% of holders control nearly 44% of the shares. Small positions are numerous but weightless; a thin layer at the top carries the float.

03 — Draw Your Own Line

Where does "casual" end and "conviction" begin?

There's no official cutoff for who "really cares" — so set your own threshold and see how the register splits. Drag to a share count; everything below is treated as a lighter‑touch position, everything at or above as a heavier one.

1,000 shares

Below Threshold

At or Above

At the default line of 1,000 shares (worth roughly what a modest, deliberate retail buy looks like), the register splits almost exactly down the middle by headcount — but the upper half holds nearly 9 out of every 10 shares in individual hands.

04 — The Top of the Ladder

The fifteen largest registered positions

These are the largest directly registered holders — people or entities who hold certificated or book‑entry shares in their own name rather than through a broker. That's itself a signal: registering directly usually means going out of your way.

#HolderShares% of Registered Total

The single largest registered holder controls about 9.1% of all registered shares; the top 15 together control roughly 28%. Meanwhile 149 different people are registered for exactly 1 share apiece — likely symbolic or leftover positions rather than active bets.

05 — Reading This Honestly

Share count is a hint about conviction, not proof of it

A 450,000‑share registered position almost certainly reflects more capital and attention than a 1‑share position — that part of your instinct is sound. But registered share count alone can't distinguish a long‑term believer from an estate‑planning trust, a custodial account set up for a child, or someone who forgot they had a brokerage transfer years ago. And remember: this whole analysis only covers the ~2,479 people who hold shares directly. The far larger population of beneficial owners sitting behind CEDE & CO isn't visible here at all — this ledger shows you the tip of the shareholder base, not the whole thing.

Source: Schedule of Equity Security Holders, Common Stock — as filed