Petrus Trust Company Reports 68.7% Stake in Cricut, Inc. via Class B Conversion Rights

Petrus Trust Company, LTA, along with Petrus Capital Management, LLC and HWGAA, L.P., filed a Schedule 13G/A on April 10, 2026, reporting a substantial beneficial ownership position in Cricut, Inc. (CRCT). The reporting entities collectively hold 120,882,351 shares of Class B Common Stock, which are convertible into Class A Common Stock. This position represents approximately 68.72% of the company's Class A Common Stock, calculated based on the 55,017,656 shares outstanding as of March 31, 2026, plus the shares resulting from the conversion of the Class B stock. HWGAA, L.P. is the record holder of these shares, with Petrus Capital Management serving as its general partner and Petrus Trust Company acting as the investment advisor. Voting and dispositive control is managed by an investment committee within Petrus Trust Company. This amendment reflects a significant increase from previous filings, establishing the Petrus entities as dominant majority stakeholders in the issuer.