Common equity is being cancelled with zero recovery under a prepackaged Chapter 11 plan. The stock will likely trade to near-zero as the restructuring proceeds through bankruptcy court. Monitor the bankruptcy filing and plan confirmation timeline — the RSA milestones require prompt implementation. No trading opportunity in the common stock; the only value is in the debt instruments being converted or cashed out.
Price Chart
Executive Summary
Getty Investments LLC (the Getty family group) filed this SC 13D/A to disclose a restructuring support agreement (RSA) entered into on October 12, 2026, for a prepackaged Chapter 11 recapitalization. The plan cancels all existing equity (including GETY common stock and public warrants) with zero recovery for current shareholders, while the Getty group and KED will inject ~$533M in new equity and own 100% of the reorganized company. This is a terminal event for common equity — the activist group is not pushing for operational changes but rather executing a debt-for-equity swap that wipes out public holders.
Key Financial Metrics
Key Facts
- Getty Investments LLC, Cheyne Walk Master Fund 2 LP, Cheyne Walk Trust, and Mark Getty (the Getty family group) hold 178,026,504 shares of Class A common stock, representing 42.3% of the 421,018,476 shares outstanding as of August 6, 2026.
- On October 12, 2026, the company entered into a restructuring support agreement (RSA) with majority shareholders, secured lenders, and unsecured noteholders for a prepackaged Chapter 11 plan.
- The plan cancels all existing equity interests (Class A common stock and public warrants) with no distribution to holders.
- Majority shareholders (Getty group and KED) will provide ~$533M in new equity (including $433M cash equity commitment plus equitization of ~$100M of prepetition debt) and own 100% of the reorganized company upon emergence.
- Senior unsecured noteholders will receive ~$170.2M in cash; secured funded debt claims convert into new first lien debt with extended maturities.
- The RSA includes a DIP financing facility of up to $143M from KED and/or affiliates.
- Mark Getty individually holds 19,137,4006 shares (45.5% including options settlement holdings).
Financial Impact
Existing common equity receives zero recovery — total wipeout. Majority shareholders inject ~$533M in new equity for 100% of reorganized company. Unsecured noteholders receive ~$170.2M cash (partial recovery).
Risk Factors
- Plan confirmation is subject to bankruptcy court approval and creditor vote — any deviation could alter recovery allocations.
- The RSA can be terminated by the company or requisite stakeholders under customary conditions, potentially reopening negotiations.
- Litigation from public warrant holders (already subject to subordination under section 510(b)) could delay or modify the plan.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13D/A Filing (Primary) | 0000950142-26-002734 |
| Document: 0000950142-26-002734-index.html | 0000950142-26-002734 |
| Document: 0000950142-26-002734.txt | 0000950142-26-002734 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 6d ago | 8-K | $0.0190 | awaiting T+20 | — | $0.0290 (−52.63%) |
Oct 13, 2026 14d ago | SC 13D/A | $0.0829 | awaiting T+20 | — | $0.0290 (+65.02%) |
Oct 13, 2026 14d ago | SC 13D/A | $0.0829 | awaiting T+20 | — | $0.0290 (+65.02%) |
Oct 13, 2026 14d ago | 8-K | $0.0829 | awaiting T+20 | — | $0.0290 (+65.02%) |
Oct 2, 2026 25d ago | 25-NSE | $0.0829 | awaiting T+20 | — | $0.0290 (+65.02%) |
Sep 30, 2026 27d ago | 8-K | $0.0829 | awaiting T+20 | — | $0.0290 (−65.02%) |
Aug 31, 2026 8w ago | 8-K | $0.2354 $0.0829 | ▲ +64.78% | ▲ +64.89% | $0.0290 (+87.68%) |
Aug 10, 2026 11w ago | 8-K | $0.2878 $0.2601 | ▲ +9.62% | ▲ +8.57% | $0.0290 (+89.92%) |
Jul 23, 2026 13w ago | Press Release | $0.4401 $0.2637 | ▼ −40.08% | ▼ −43.71% | $0.0290 (−93.41%) |
Jul 7, 2026 16w ago | 8-K | $0.8461 $0.4776 | ▲ +43.55% | ▲ +46.71% | $0.0290 (+96.57%) |
US Market Status
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