The filer crossed the 5% threshold briefly but has since reduced below it. The passive certification and current sub-5% stake suggest no imminent activist or control intent. Monitor for any subsequent 13D conversion or further accumulation.
Price Chart
Executive Summary
Michal Adam Karminski filed a Schedule 13G disclosing a passive stake in Grayscale Near Trust (NEAR). The filing indicates that on September 22, 2026, Karminski acquired 35,268 shares (8.04% of the class), crossing the 5% threshold, but subsequently reduced the holding to 11,474 shares (2.61% of the class) as of the filing date. The filing certifies passive intent with no control influence.
Key Financial Metrics
Key Facts
- Filer: Michal Adam Karminski, an individual based in Monaco.
- On September 22, 2026, Karminski acquired 35,268 shares (8.04% of class), crossing the 5% threshold.
- As of the filing date (September 25, 2026), Karminski reduced holdings to 11,474 shares (2.61% of class).
- Filer certifies passive intent under Rule 13d-1(c) — no control or influence purpose.
- Current stake is below the 5% reporting threshold.
Financial Impact
Current stake of 11,474 shares is 2.61% of class — below 5% threshold. No material financial impact.
Risk Factors
- Filer could re-accumulate and convert to activist 13D, though current passive certification makes this unlikely.
- Low trading volume in NEAR shares could amplify price impact of any future large transactions.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G Filing (Primary) | 0002157255-26-000002 |
| Document: 0002157255-26-000002-index.html | 0002157255-26-000002 |
| Document: 0002157255-26-000002.txt | 0002157255-26-000002 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | 144 | $6.43 | awaiting T+20 | — | $6.30 (−1.95%) |
Oct 23, 2026 4d ago | 144 | $6.15 | awaiting T+20 | — | $6.30 (+2.44%) |
Sep 25, 2026 4w ago | SC 13G | $12.15 $6.76 | ▼ −44.36% | ▼ −42.89% | $6.30 (−48.15%) |
Aug 6, 2026 11w ago | 144 | $3.35 $4.80 | ▲ +43.28% | ▲ +43.68% | $6.30 (+88.06%) |
Jul 30, 2026 12w ago | 144 | $3.46 $4.04 | ▲ +16.76% | ▲ +13.78% | $6.30 (+82.08%) |
May 4, 2026 25w ago | 144 | $2.26 $5.98 | ▲ +164.38% | ▲ +159.43% | $6.30 (+178.76%) |
May 1, 2026 25w ago | 144 | $2.30 $6.13 | ▲ +166.52% | ▲ +160.88% | $6.30 (+173.91%) |
Apr 27, 2026 26w ago | 144 | $2.33 $6.18 | ▲ +165.30% | ▲ +159.84% | $6.30 (+170.46%) |
US Market Status
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