$JMKE

Blackstone Holdings II L.P. sold $648.8M of JMKE (indirect holdings)

Blackstone Holdings II L.P. sold 29,695,652 indirectly-held shares of Jersey Mike's Subs Inc. (JMKE) at $21.85 ($648.85M total) across 2 trades on 2026-07-31.

Original reporting
SEC EDGAR · Blackstone Holdings II L.P.
Published Aug 4, 2026, 4:00 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Aug 6, 2026, 6:19 AM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
AlphAI market briefInsider activity
Primary signal
$JMKE
Neutral
medium confidence
Mentioned
$JMKE
Relevance
9/10
AlphAI data visualization · based on SEC EDGAR
Decision brief

The 30-second read

$JMKENeutralLow
01

Why it matters

A 10% owner affiliate sold about $648.85M worth of JMKE shares at a single stated price ($21.85), which can influence short-term sentiment but does not provide new operating or financial information.

02

Market read

Traders may monitor for follow-on selling pressure or interpret the sale as a sentiment signal, but there is no new company catalyst in the text.

03

What to watch

The filing notes no 10b5-1 plan and shows two trades the same day, but it still lacks context on whether the seller is rebalancing across holdings or meeting tax/liquidity obligations.

Relevance 9/10Novelty 4/10Timing: filed Aug 4, covering a July 31 sale at $21.85

Background

The article is a SEC Form 4 insider transaction disclosure for Jersey Mike's Subs Inc. (JMKE).

Company-level read

Ticker impact

$JMKENeutralMedium confidence
Context

Blackstone Holdings II L.P., a 10% owner, filed a Form 4 showing an open-market sale of 29,695,652 JMKE shares at $21.85.

Expected impact

Near-term impact is likely limited; any effect would be sentiment-driven around ownership reduction rather than a new catalyst.

Evidence & confidence

Form 4 sales by a 10% owner can reflect diversification or liquidity needs and do not inherently change company outlook. The article provides size and price but no accompanying company-specific news.

Market effects

Minimal. This is a single-issuer ownership transaction with no stated sector-wide signal.

None indicated.

None indicated.

Counterpoint

The sale may be routine diversification or execution under a pre-existing liquidity need, so it may not reflect bearish views on JMKE.

Key entities

  • Jersey Mike's Subs Inc.

    Subject of the Form 4 insider transaction disclosure (JMKE).

  • Blackstone Holdings II L.P.

    Reporter of the Form 4, selling JMKE shares via open-market transactions.

Full insider trading history

This story covers one filing. See everything behind it: every insider buy and sell on record, 10b5-1 plans, late filings, and which officers and directors are trading.

Related articles

$JMKEMed

Bank of America sees more upside in restaurant stock

Bank of America analyst Sara Senatore raised her price target for Jersey Mike's Subs (JMKE) to $29, citing improving traffic trends and digital sales growth. The company reported Q2 same-store sales growth of 2.3% and systemwide sales of $1.21 billion. Despite near-term expense pressures, BofA maintains a Buy rating, expecting long-term growth. JMKE opened 83 new restaurants in Q2, with a target of over 7,500 domestic stores by 2036.

$JMKEMed

Jersey Mike’s Profit Falls a Third in First Public Quarter, But It’s Not All Bad

Jersey Mike's (JMKE) reported a 33% drop in profit to $37M in Q1, but revenue rose 10% to $208M, meeting expectations. Systemwide sales increased 10% to $1.21B, and same-store sales grew 2.3%. The decline in profit was attributed to high interest expenses and purchase accounting adjustments following its buyout by Blackstone. The company opened 83 new stores, bringing the total to 3,378. Shares rose over 5% at Wednesday's opening.

$JMKEMed

Why Jersey Mike's Stock Jumped Today

Jersey Mike's Subs (JMKE) shares rose 7% after reporting Q2 results as a public company. Revenue increased 10% to $208M, EBITDA up 7% to $114M. Same-store sales grew 2.3%. CEO projects 3-4% same-store sales growth and 13% EBITDA growth in Q3. Management targets 7,500 U.S. and 15,000 global locations long-term.