SCHEDULE Filed 2025-04-02 Event 2025-03-31 SEC 0001213900-25-028339 →

B. Riley Financial, Inc. → Babcock & Wilcox Enterprises, Inc. BW-PA

Stake: 13.50% Shares: 13,246,373 CUSIP: 05614L100 Class: Common Stock, par value $0.01

Item 4 — Purpose of Transaction

Item 4 of the Schedule 13D is hereby amended and supplemented by the addition of the following: As previously disclosed, on March 11, 2025, BRF effected a transaction pursuant to which BRF separated B. Riley Securities Holding, Inc. ("BRSH"), the parent company of BRS, from BRF. As a result of the transaction, BRS implemented its own operating and governance structure and established a board of directors independent from BRF. As a result, BRF is no longer the beneficial owner of the Shares held by BRS.

Cross-References

Insider Activity (last 365d)

0 transactions

0 buys · 0 sales · 0 awards/exercises

Issuer Cluster

15 13D/G filings on this issuer

14 other filings besides this one

Filer Track Record

11 filings by this filer

10 other filings in the data moat

Short Interest

—

Not in latest FINRA snapshot

Post-Filing Returns · since 2025-03-31 on BW-PA

+1 day

-7.8%

+5 days

-11.4%

+30 days

-66.2%

+60 days

-33.3%

+90 days

+32.7%

+180 days

+112.1%

Anchor price 6.94 on closest trading day on/after 2025-03-31. Source: Yahoo Finance daily adj_close (split + dividend adjusted).

Other 13D/G Filings on Babcock & Wilcox Enterprises, Inc.

Filed	Form	Filer	Stake	Shares
2020-10-02	SC	B. Riley Financial, Inc.	—	—	view →
2020-07-02	SC	B. Riley Financial, Inc.	—	—	view →
2018-05-03	SC	Vintage Capital Management LLC	—	—	view →
2018-05-02	SC	STEEL PARTNERS HOLDINGS L.P.	—	—	view →
2018-04-13	SC	Vintage Capital Management LLC	—	—	view →
2018-03-21	SC	STEEL PARTNERS HOLDINGS L.P.	—	—	view →
2018-03-15	SC	STEEL PARTNERS HOLDINGS L.P.	—	—	view →
2018-03-14	SC	VIEX Capital Advisors, LLC	—	—	view →
2018-03-08	SC	STEEL PARTNERS HOLDINGS L.P.	—	—	view →
2018-03-06	SC	Vintage Capital Management LLC	—	—	view →
2018-03-05	SC	STEEL PARTNERS HOLDINGS L.P.	—	—	view →
2018-02-13	SC	STEEL PARTNERS HOLDINGS L.P.	—	—	view →
2018-02-02	SC	Vintage Capital Management LLC	—	—	view →
2018-01-04	SC	Vintage Capital Management LLC	—	—	view →

Other Filings by B. Riley Financial, Inc.

Filed	Form	Issuer	Stake	Shares
2025-04-02	SCHEDULE	TRANSACT TECHNOLOGIES INC TACT	8.30%	826,745	view →
2024-10-01	SC	SYNCHRONOSS TECHNOLOGIES INC	—	—	view →
2024-07-02	SC	SYNCHRONOSS TECHNOLOGIES INC	—	—	view →
2022-07-18	SC	Arena Group Holdings, Inc. AREN	—	—	view →
2022-07-07	SC	Lazydays Holdings, Inc.	—	—	view →
2021-10-13	SC	theMaven, Inc. AREN	—	—	view →
2021-04-28	SC	QUANTUM CORP /DE/ QMCO	—	—	view →
2020-10-02	SC	Babcock & Wilcox Enterprises, Inc. BW-PA	—	—	view →
2020-07-02	SC	Franchise Group, Inc.	—	—	view →
2020-07-02	SC	Babcock & Wilcox Enterprises, Inc. BW-PA	—	—	view →

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