07/01/2026 | Press release | Distributed by Public on 07/01/2026 14:01
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Warrants | $4.25 | 06/30/2026 | E | 625,000 | 12/30/2025 | 06/30/2026(2) | Common Shares | 625,000 | $ 0 | 0 | I | Warrants indirectly held through Chutzpah Holdings LP | |||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Manieu Alexandre Weinstein APT 8002, BURGENSTOCK HOTELS & RESORT BURGENSTOCK 30 OBBURGEN 6363 |
X | X | ||
| /s/ Alexandre Weinstein Manieu | 07/01/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Represents 6,284 Common Shares received upon vesting of restricted stock units ("RSUs") and 641 RSUs that are scheduled to vest within 60 days of the date hereof. Mr. Weinstein has been granted an aggregate of 10,769 RSUs under two separate equity compensation plan agreements with the Company: (i) 10,250 RSUs granted on February 25, 2025, pursuant to the Company's 2016 Equity Compensation Plan, which vest in twelve installments through February 25, 2028; and (ii) 519 RSUs granted on December 1, 2025, pursuant to the Company's 2019 Equity Compensation Plan, which are fully vested. As of the date hereof, 6,284 RSUs have vested, and an additional 641 RSUs are scheduled to vest within 60 days of the date hereof. The remaining 3,844 RSUs are unvested and subject to future vesting conditions beyond 60 days. |
| (2) | Under a Securities Purchase Agreement dated December 8, 2025 (the "December 2025 SPA"), Chutzpah Holdings LP acquired 625,000 Common Shares and Common Warrants to purchase 625,000 Common Shares at a combined purchase price of $4.00 per share and warrant, with closing on December 30, 2025 (as reported on the Form 4 filed on January 5, 2026) Under the terms of the December 2025 SPA, the Common Warrants to purchase 625,000 Common Shares expired on June 30, 2026, as being reported in this filing. |