Any individual who owns or controls at least 25% of the ownership interests in a reporting company is considered a beneficial owner.
An ownership interest can include:
- Equity
- Stock
- Capital or profit interest
- Voting rights
- Any instrument convertible into stock, equity, voting rights, or capital or profit interest
- Options or other non-binding privileges to buy or sell any of the interests mentioned above
- Any other contract, instrument, or mechanism to establish ownership