Generation Development Group Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

ASX:GDG Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
29 Sep 25	BuyAU$20,842,269	The Vanguard Group, Inc.	Company	2,816,523	AU$7.40
19 Sep 25	SellAU$1,877,008	The Vanguard Group, Inc.	Company	255,756	AU$7.38
17 Jun 25	SellAU$1,098,777	William Bessemer	Individual	192,000	AU$5.72
06 Mar 25	BuyAU$1,000,001	Robert Coombe	Individual	240,964	AU$4.15
17 Feb 25	BuyAU$307,889	Christine Christian	Individual	74,190	AU$4.15
17 Feb 25	BuyAU$43,513	Giselle Collins	Individual	10,485	AU$4.15
20 Nov 24	SellAU$10,588,478	Wilson Asset Management (International) Pty Ltd.	Company	3,270,328	AU$3.27
21 Oct 24	BuyAU$548,020	Wilson Asset Management (International) Pty Ltd.	Company	178,647	AU$3.07

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of GDG?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	0	0%
Institutions	70,776,005	17.8%
Individual Insiders	75,911,401	19.1%
General Public	250,390,378	63.1%

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 33.5%.

Top Shareholders

Top 25 shareholders own 36.28% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
5%	The Vanguard Group, Inc.	19,855,985	AU$144.0m	9.98%	no data
4.81%	River Capital Pty Ltd.	19,082,492	AU$138.3m	0%	37.03%
3.82%	Mark Carnegie	15,187,116	AU$110.1m	0%	no data
3.48%	Wilson Asset Management (International) Pty Ltd.	13,811,430	AU$100.1m	0%	1.86%
2.89%	William Bessemer	11,477,699	AU$83.2m	0%	no data
2.39%	Robert Coombe	9,495,809	AU$68.8m	0%	no data
1.54%	Patricia Tooth	6,095,294	AU$44.2m	0%	no data
1.52%	BlackRock, Inc.	6,024,096	AU$43.7m	401%	no data
1.15%	Norges Bank Investment Management	4,571,805	AU$33.1m	0%	no data
1.07%	Frank Zullo	4,240,965	AU$30.7m	6.02%	no data
0.86%	Jonathan Tooth	3,404,706	AU$24.7m	30.3%	no data
0.82%	John Wheeler	3,250,000	AU$23.6m	-50%	no data
0.82%	Robert Wheeler	3,250,000	AU$23.6m	-13.3%	no data
0.8%	Capital Research and Management Company	3,171,745	AU$23.0m	0%	no data
0.74%	Don Lazzaro	2,950,000	AU$21.4m	20.1%	no data
0.74%	Ann Lazzaro	2,950,000	AU$21.4m	20.1%	no data
0.73%	Grant Hackett	2,901,128	AU$21.0m	344%	no data
0.68%	Gregory Pease	2,702,890	AU$19.6m	0%	no data
0.54%	Peter Smith	2,148,872	AU$15.6m	0%	no data
0.39%	Terence Wong	1,565,236	AU$11.3m	92.6%	no data
0.35%	BetaShares Capital Limited	1,404,615	AU$10.2m	2.36%	0.03%
0.35%	Abby Falla	1,400,000	AU$10.2m	0%	no data
0.3%	Felipe Araujo	1,172,548	AU$8.5m	152%	no data
0.26%	Michael Wright	1,028,183	AU$7.5m	0%	no data
0.23%	State Street Global Advisors, Inc.	907,254	AU$6.6m	6.85%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/10/07 22:48
End of Day Share Price	2025/10/07 00:00
Earnings	2025/06/30
Annual Earnings	2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Generation Development Group Limited is covered by 7 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Hayden Nicholson	Bell Potter
Simon Fitzgerald	Jefferies LLC
Tom Tweedie	MA Moelis Australia Securities Pty Ltd