Amit Agarwal Reduces Stake in Cato Corp. Below 5% Threshold
Amit Mohan Agarwal filed a Schedule 13G/A with the SEC on August 20, 2026, reporting a beneficial ownership stake in Cato Corp. (CATO). As of the event date on July 17, 2026, Agarwal holds 690,000 shares of Class A Common Stock, representing 3.79% of the company. This filing marks an amendment (No. 13) to previous disclosures. Notably, the reporting person now owns less than 5% of the outstanding class of securities, as indicated by the affirmative response in Item 5 of the filing. The shares are held with sole voting and dispositive power. Agarwal, a private investor based in Tampa, Florida, certified that the securities were not acquired for the purpose of changing or influencing the control of the issuer. This decrease in ownership percentage below the 5% threshold is a significant regulatory milestone, as it may reduce future reporting obligations under Section 13(d) or 13(g) of the Securities Exchange Act, provided the stake remains below that level.