Babcock & Wilcox Enterprises, Inc.
A maker of steam generation systems and emissions-control technology, B&W builds package and waste heat boilers for utilities, data centers, and industrial plants, plus parts, construction, and field services to keep existing equipment running. It was founded in 1867 when George Babcock and Stephen Wilcox patented a safer water-tube steam boiler that Thomas Edison praised as "the best boiler God has permitted man yet to make."
(a) Item 4 of the Schedule 13D is hereby amended and supplemented by the addition of the following: Bryant Riley sold 1,155,382 shares ("Transferred Shares") of the Issuer personally held by him and his family trust in a private transaction to an unaffiliated third party pursuant to a stock purchase agreement, dated February 11, 2026. The Transferred Shares were sold at a value of $9.00 per share and were sold solely for the purpose of repaying a portion of debt ("Debt Paydown") owed by Mr. Riley to Axos Bank pursuant to his Credit Agreement with Axos Bank (the "Credit Agreement") that has previously been disclosed on Mr. Riley's Schedule 13D for BRC Group Holdings, Inc. filed on April 11, 2025. The Transferred Shares will remain restricted until registered for resale or sold pursuant to an exemption from registration. The Debt Paydown will result in the release of 53.7% of the BRC shares pledged to Axos pursuant to the Credit Agreement (totaling 3,122,537 shares of BRC) and Mr. Riley anticipates that the remaining BRC shares pledged will be released within the next thirty days. B. Riley Securities Holdings, Inc. ("BRSH") is a majority owned subsidiary of BRC. BRS is a wholly owned subsidiary of BRSH and, as such, BRC may be deemed to be a beneficial owner of the shares held by BRS and is required to report them on this Schedule 13D. BRFI is a wholly owned subsidiary of BRC and, as such, BRC may be deemed to be a beneficial owner of the shares held by BRFI and is required to report them on this Schedule 13D. The Reporting Persons hold their securities of the Issuer for investment purposes. The Reporting Persons may, from time to time, acquire additional shares of Common Stock and/or retain and/or sell all or a portion of the shares of Common Stock held by the Reporting Persons in the open market or in privately negotiated transactions, and/or may distribute the Common Stock held by the Reporting Persons.
(a) Item 4 of the Schedule 13D is hereby amended and supplemented by the addition of the following: Bryant Riley sold 1,155,382 shares ("Transferred Shares") of the Issuer personally held by him and his family trust in a private transaction to an unaffiliated third party pursuant to a stock purchase agreement, dated February 11, 2026. The Transferred Shares were sold at a value of $9.00 per share and were sold solely for the purpose of repaying a portion of debt ("Debt Paydown") owed by Mr. Riley to Axos Bank pursuant to his Credit Agreement with Axos Bank (the "Credit Agreement") that has previously been disclosed on Mr. Riley's Schedule 13D for BRC Group Holdings, Inc. filed on April 11, 2025. The Transferred Shares will remain restricted until registered for resale or sold pursuant to an exemption from registration. The Debt Paydown will result in the release of 53.7% of the BRC shares pledged to Axos pursuant to the Credit Agreement (totaling 3,122,537 shares of BRC) and Mr. Riley anticipates that the remaining BRC shares pledged will be released within the next thirty days. B. Riley Securities Holdings, Inc. ("BRSH") is a majority owned subsidiary of BRC. BRS is a wholly owned subsidiary of BRSH and, as such, BRC may be deemed to be a beneficial owner of the shares held by BRS and is required to report them on this Schedule 13D. BRFI is a wholly owned subsidiary of BRC and, as such, BRC may be deemed to be a beneficial owner of the shares held by BRFI and is required to report them on this Schedule 13D. The Reporting Persons hold their securities of the Issuer for investment purposes. The Reporting Persons may, from time to time, acquire additional shares of Common Stock and/or retain and/or sell all or a portion of the shares of Common Stock held by the Reporting Persons in the open market or in privately negotiated transactions, and/or may distribute the Common Stock held by the Reporting Persons.
(a) Item 4 of the Schedule 13D is hereby amended and supplemented by the addition of the following: Bryant Riley sold 1,155,382 shares ("Transferred Shares") of the Issuer personally held by him and his family trust in a private transaction to an unaffiliated third party pursuant to a stock purchase agreement, dated February 11, 2026. The Transferred Shares were sold at a value of $9.00 per share and were sold solely for the purpose of repaying a portion of debt ("Debt Paydown") owed by Mr. Riley to Axos Bank pursuant to his Credit Agreement with Axos Bank (the "Credit Agreement") that has previously been disclosed on Mr. Riley's Schedule 13D for BRC Group Holdings, Inc. filed on April 11, 2025. The Transferred Shares will remain restricted until registered for resale or sold pursuant to an exemption from registration. The Debt Paydown will result in the release of 53.7% of the BRC shares pledged to Axos pursuant to the Credit Agreement (totaling 3,122,537 shares of BRC) and Mr. Riley anticipates that the remaining BRC shares pledged will be released within the next thirty days. B. Riley Securities Holdings, Inc. ("BRSH") is a majority owned subsidiary of BRC. BRS is a wholly owned subsidiary of BRSH and, as such, BRC may be deemed to be a beneficial owner of the shares held by BRS and is required to report them on this Schedule 13D. BRFI is a wholly owned subsidiary of BRC and, as such, BRC may be deemed to be a beneficial owner of the shares held by BRFI and is required to report them on this Schedule 13D. The Reporting Persons hold their securities of the Issuer for investment purposes. The Reporting Persons may, from time to time, acquire additional shares of Common Stock and/or retain and/or sell all or a portion of the shares of Common Stock held by the Reporting Persons in the open market or in privately negotiated transactions, and/or may distribute the Common Stock held by the Reporting Persons.
(a) Item 4 of the Schedule 13D is hereby amended and supplemented by the addition of the following: Bryant Riley sold 1,155,382 shares ("Transferred Shares") of the Issuer personally held by him and his family trust in a private transaction to an unaffiliated third party pursuant to a stock purchase agreement, dated February 11, 2026. The Transferred Shares were sold at a value of $9.00 per share and were sold solely for the purpose of repaying a portion of debt ("Debt Paydown") owed by Mr. Riley to Axos Bank pursuant to his Credit Agreement with Axos Bank (the "Credit Agreement") that has previously been disclosed on Mr. Riley's Schedule 13D for BRC Group Holdings, Inc. filed on April 11, 2025. The Transferred Shares will remain restricted until registered for resale or sold pursuant to an exemption from registration. The Debt Paydown will result in the release of 53.7% of the BRC shares pledged to Axos pursuant to the Credit Agreement (totaling 3,122,537 shares of BRC) and Mr. Riley anticipates that the remaining BRC shares pledged will be released within the next thirty days. B. Riley Securities Holdings, Inc. ("BRSH") is a majority owned subsidiary of BRC. BRS is a wholly owned subsidiary of BRSH and, as such, BRC may be deemed to be a beneficial owner of the shares held by BRS and is required to report them on this Schedule 13D. BRFI is a wholly owned subsidiary of BRC and, as such, BRC may be deemed to be a beneficial owner of the shares held by BRFI and is required to report them on this Schedule 13D. The Reporting Persons hold their securities of the Issuer for investment purposes. The Reporting Persons may, from time to time, acquire additional shares of Common Stock and/or retain and/or sell all or a portion of the shares of Common Stock held by the Reporting Persons in the open market or in privately negotiated transactions, and/or may distribute the Common Stock held by the Reporting Persons.
| Holder | Schedule | % of class | Shares | Filed |
|---|---|---|---|---|
| Ameriprise Financial, Inc. | 13GPassive | 5.1% | 7.66M | Aug 14, 2026 |
| BlackRock, Inc. | 13GPassive | 6.6% | 9.75M | Jul 29, 2026 |
| Neuberger Berman Group LLC | 13G/APassive | 4.7% | 5.28M | Mar 4, 2026 |
| Neuberger Berman Investment Advisers LLC | 13G/APassive | 4.2% | 4.71M | Mar 4, 2026 |
| Hood River Capital Management LLC | 13GPassive | 9.58% | 10.65M | Feb 17, 2026 |
| Bryant R. Riley | 13D/AActivist | 24.9% | 27.66M | Feb 13, 2026 |
(a) Item 4 of the Schedule 13D is hereby amended and supplemented by the addition of the following: Bryant Riley sold 1,155,382 shares ("Transferred Shares") of the Issuer personally held by him and his family trust in a private transaction to an unaffiliated third party pursuant to a stock purchase agreement, dated February 11, 2026. The Transferred Shares were sold at a value of $9.00 per share and were sold solely for the purpose of repaying a portion of debt ("Debt Paydown") owed by Mr. Riley to Axos Bank pursuant to his Credit Agreement with Axos Bank (the "Credit Agreement") that has previously been disclosed on Mr. Riley's Schedule 13D for BRC Group Holdings, Inc. filed on April 11, 2025. The Transferred Shares will remain restricted until registered for resale or sold pursuant to an exemption from registration. The Debt Paydown will result in the release of 53.7% of the BRC shares pledged to Axos pursuant to the Credit Agreement (totaling 3,122,537 shares of BRC) and Mr. Riley anticipates that the remaining BRC shares pledged will be released within the next thirty days. B. Riley Securities Holdings, Inc. ("BRSH") is a majority owned subsidiary of BRC. BRS is a wholly owned subsidiary of BRSH and, as such, BRC may be deemed to be a beneficial owner of the shares held by BRS and is required to report them on this Schedule 13D. BRFI is a wholly owned subsidiary of BRC and, as such, BRC may be deemed to be a beneficial owner of the shares held by BRFI and is required to report them on this Schedule 13D. The Reporting Persons hold their securities of the Issuer for investment purposes. The Reporting Persons may, from time to time, acquire additional shares of Common Stock and/or retain and/or sell all or a portion of the shares of Common Stock held by the Reporting Persons in the open market or in privately negotiated transactions, and/or may distribute the Common Stock held by the Reporting Persons. | ||||
| BRC Group Holdings, Inc. | 13D/AActivist | 24.7% | 27.45M | Feb 13, 2026 |
(a) Item 4 of the Schedule 13D is hereby amended and supplemented by the addition of the following: Bryant Riley sold 1,155,382 shares ("Transferred Shares") of the Issuer personally held by him and his family trust in a private transaction to an unaffiliated third party pursuant to a stock purchase agreement, dated February 11, 2026. The Transferred Shares were sold at a value of $9.00 per share and were sold solely for the purpose of repaying a portion of debt ("Debt Paydown") owed by Mr. Riley to Axos Bank pursuant to his Credit Agreement with Axos Bank (the "Credit Agreement") that has previously been disclosed on Mr. Riley's Schedule 13D for BRC Group Holdings, Inc. filed on April 11, 2025. The Transferred Shares will remain restricted until registered for resale or sold pursuant to an exemption from registration. The Debt Paydown will result in the release of 53.7% of the BRC shares pledged to Axos pursuant to the Credit Agreement (totaling 3,122,537 shares of BRC) and Mr. Riley anticipates that the remaining BRC shares pledged will be released within the next thirty days. B. Riley Securities Holdings, Inc. ("BRSH") is a majority owned subsidiary of BRC. BRS is a wholly owned subsidiary of BRSH and, as such, BRC may be deemed to be a beneficial owner of the shares held by BRS and is required to report them on this Schedule 13D. BRFI is a wholly owned subsidiary of BRC and, as such, BRC may be deemed to be a beneficial owner of the shares held by BRFI and is required to report them on this Schedule 13D. The Reporting Persons hold their securities of the Issuer for investment purposes. The Reporting Persons may, from time to time, acquire additional shares of Common Stock and/or retain and/or sell all or a portion of the shares of Common Stock held by the Reporting Persons in the open market or in privately negotiated transactions, and/or may distribute the Common Stock held by the Reporting Persons. | ||||
| B. Riley Securities, Inc. | 13D/AActivist | 14% | 15.57M | Feb 13, 2026 |
(a) Item 4 of the Schedule 13D is hereby amended and supplemented by the addition of the following: Bryant Riley sold 1,155,382 shares ("Transferred Shares") of the Issuer personally held by him and his family trust in a private transaction to an unaffiliated third party pursuant to a stock purchase agreement, dated February 11, 2026. The Transferred Shares were sold at a value of $9.00 per share and were sold solely for the purpose of repaying a portion of debt ("Debt Paydown") owed by Mr. Riley to Axos Bank pursuant to his Credit Agreement with Axos Bank (the "Credit Agreement") that has previously been disclosed on Mr. Riley's Schedule 13D for BRC Group Holdings, Inc. filed on April 11, 2025. The Transferred Shares will remain restricted until registered for resale or sold pursuant to an exemption from registration. The Debt Paydown will result in the release of 53.7% of the BRC shares pledged to Axos pursuant to the Credit Agreement (totaling 3,122,537 shares of BRC) and Mr. Riley anticipates that the remaining BRC shares pledged will be released within the next thirty days. B. Riley Securities Holdings, Inc. ("BRSH") is a majority owned subsidiary of BRC. BRS is a wholly owned subsidiary of BRSH and, as such, BRC may be deemed to be a beneficial owner of the shares held by BRS and is required to report them on this Schedule 13D. BRFI is a wholly owned subsidiary of BRC and, as such, BRC may be deemed to be a beneficial owner of the shares held by BRFI and is required to report them on this Schedule 13D. The Reporting Persons hold their securities of the Issuer for investment purposes. The Reporting Persons may, from time to time, acquire additional shares of Common Stock and/or retain and/or sell all or a portion of the shares of Common Stock held by the Reporting Persons in the open market or in privately negotiated transactions, and/or may distribute the Common Stock held by the Reporting Persons. | ||||
| BRF Investments, LLC | 13D/AActivist | 10.7% | 11.87M | Feb 13, 2026 |
(a) Item 4 of the Schedule 13D is hereby amended and supplemented by the addition of the following: Bryant Riley sold 1,155,382 shares ("Transferred Shares") of the Issuer personally held by him and his family trust in a private transaction to an unaffiliated third party pursuant to a stock purchase agreement, dated February 11, 2026. The Transferred Shares were sold at a value of $9.00 per share and were sold solely for the purpose of repaying a portion of debt ("Debt Paydown") owed by Mr. Riley to Axos Bank pursuant to his Credit Agreement with Axos Bank (the "Credit Agreement") that has previously been disclosed on Mr. Riley's Schedule 13D for BRC Group Holdings, Inc. filed on April 11, 2025. The Transferred Shares will remain restricted until registered for resale or sold pursuant to an exemption from registration. The Debt Paydown will result in the release of 53.7% of the BRC shares pledged to Axos pursuant to the Credit Agreement (totaling 3,122,537 shares of BRC) and Mr. Riley anticipates that the remaining BRC shares pledged will be released within the next thirty days. B. Riley Securities Holdings, Inc. ("BRSH") is a majority owned subsidiary of BRC. BRS is a wholly owned subsidiary of BRSH and, as such, BRC may be deemed to be a beneficial owner of the shares held by BRS and is required to report them on this Schedule 13D. BRFI is a wholly owned subsidiary of BRC and, as such, BRC may be deemed to be a beneficial owner of the shares held by BRFI and is required to report them on this Schedule 13D. The Reporting Persons hold their securities of the Issuer for investment purposes. The Reporting Persons may, from time to time, acquire additional shares of Common Stock and/or retain and/or sell all or a portion of the shares of Common Stock held by the Reporting Persons in the open market or in privately negotiated transactions, and/or may distribute the Common Stock held by the Reporting Persons. | ||||
| CastleKnight Master Fund LP | 13G/APassive | 4.4% | 4.33M | Aug 14, 2025 |