Headwater Exploration Ownership

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

Recent Insider Transactions

DB:C6V Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
14 May 26	Buy€64,378	Karen Nielsen	Individual	8,000	€8.05
05 May 26	Sell€835,793	Kevin Olson	Individual	100,000	€8.36
23 Mar 26	Sell€392,292	David Pearce	Individual	50,000	€7.85
09 Mar 26	Sell€437,793	David Pearce	Individual	56,956	€7.69
28 Jan 26	Sell€694,603	Kevin Olson	Individual	100,000	€6.95
27 Jan 26	Sell€339,536	Brad Christman	Individual	50,000	€6.79
27 Jan 26	Sell€526,566	Alexandra Horvath	Individual	77,500	€6.79
27 Jan 26	Sell€680,755	Terry Danku	Individual	100,589	€6.77
27 Jan 26	Sell€346,133	Scott Rideout	Individual	50,000	€6.92
23 Jan 26	Sell€1,005,135	David Pearce	Individual	150,000	€6.70
19 Jan 26	Sell€976,532	Kevin Olson	Individual	150,000	€6.51
19 Jan 26	Sell€977,406	Brad Christman	Individual	150,000	€6.52
15 Jan 26	Buy€1,638	Jeffrey Magee	Individual	372	€6.18
16 Dec 25	Sell€392,552	Alexandra Horvath	Individual	72,500	€5.41
05 Dec 25	Sell€54,479	Kevin Olson	Individual	9,200	€5.92
05 Dec 25	Sell€591,838	Stephen Larke	Individual	100,000	€5.92
18 Sep 25	Sell€99,603	Chandra Henry	Individual	20,907	€4.76

Insider Trading Volume

Insider Buying: C6V insiders have sold more shares than they have bought in the past 3 months.

Ownership Breakdown

What is the ownership structure of C6V?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	14,779,060	6.22%
Institutions	88,512,972	37.2%
General Public	134,470,845	56.6%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 39.03% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
9.27%	Canoe Financial LP	22,030,620	€171.9m	16.3%	1.87%
2.98%	Franklin Resources, Inc.	7,084,179	€55.3m	0.67%	0.02%
2.67%	Vanguard Capital Management, LLC	6,356,209	€49.6m	1.01%	no data
2.66%	Capital Research and Management Company	6,329,671	€49.4m	24%	no data
2.4%	Dimensional Fund Advisors LP	5,700,287	€44.5m	0.87%	0.01%
2.03%	BlackRock, Inc.	4,817,003	€37.6m	3.24%	no data
1.82%	T. Rowe Price Group, Inc.	4,322,419	€33.7m	-0.13%	no data
1.76%	American Century Investment Management Inc	4,174,785	€32.6m	7.95%	0.01%
1.6%	Neil Roszell	3,815,839	€29.8m	0%	no data
1.43%	Victory Capital Management Inc.	3,407,027	€26.6m	0.27%	0.02%
1.21%	Industrielle Alliance, Gestion de placements inc.	2,867,560	€22.4m	0%	0.23%
1.19%	Kevin Olson	2,820,179	€22.0m	-3.42%	no data
1.16%	BMO Asset Management Corp.	2,750,671	€21.5m	-3.1%	0.01%
0.97%	CI Global Asset Management	2,303,783	€18.0m	0.02%	0.04%
0.86%	Jason Jaskela	2,039,475	€15.9m	0%	no data
0.84%	Vanguard Fiduciary Trust Company	1,987,564	€15.5m	2.78%	no data
0.75%	1832 Asset Management L.P.	1,773,552	€13.8m	0%	0.02%
0.59%	Mackenzie Financial Corporation	1,413,484	€11.0m	0.77%	0.01%
0.58%	Terry Danku	1,367,966	€10.7m	-6.85%	no data
0.56%	TD Asset Management, Inc.	1,336,684	€10.4m	0%	0.01%
0.38%	Connor, Clark & Lunn Investment Management Ltd.	896,458	€7.0m	0%	0.02%
0.37%	Alexandra Horvath	872,185	€6.8m	-8.16%	no data
0.35%	Stephen Larke	822,669	€6.4m	0%	no data
0.34%	Brad Christman	817,966	€6.4m	-19.6%	no data
0.3%	AGF Management Limited	702,129	€5.5m	0%	0.02%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/06/16 08:11
End of Day Share Price	2026/06/15 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

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

Headwater Exploration Inc. is covered by 17 analysts. 3 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
Laique Ahmad Amir Arif	ATB Cormark
Patrick O'Rourke	ATB Cormark
Kuno Ryckborst	Beacon Securities Limited