Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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- Peter Lynch
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G/A
Under the Securities Act of 1934
(Amendment No. 1)
July 31, 2024
(Date of Event Which Requires Filing of this Statement)
ITEM 1
(a) Name of Issuer: MBIA Inc.
(b) Address of Issuer's Principal Offices:
1 Manhattanville Road, Suite 301
Purchase, NY 10577
ITEM 2
(a) Name of Person Filing: KAHN BROTHERS GROUP INC.
(b) Address of Principal Office:
555 Madison Avenue,
Suite 1303
New York, NY 10022
(c) Citizenship: USA
(d) Title of Class of Securities: Common
(e) CUSIP Number: 55262C100
ITEM 4
(a) Amount beneficially owned: 697,475
(b) Percent of Class: 1.37%
(c) Number of shares as to which the person has:
(iv) Shared power to dispose or to direct
the disposition of: 697,475
ITEM 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following X
ITEM 6. Ownership of More than 5 Percent on Behalf of Another Person
Not Applicable