11/03/2026 | Press release | Distributed by Public on 11/03/2026 13:30
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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 | ||||||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Coastlands Capital LP 601 CALIFORNIA STREET SUITE 1210 SAN FRANCISCO, CA 94108 |
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| /s/ Mark Shamia, Chief Operating Officer of the General Partner of Coastlands Capital LP | 11/03/2026 | |
| **Signature of Reporting Person | Date | |
| /s/ Mark Shamia, Chief Operating Officer of the General Partner of Coastlands Capital Partners LP | 11/03/2026 | |
| **Signature of Reporting Person | Date | |
| /s/ Mark Shamia, Chief Operating Officer of Coastlands Capital GP LLC | 11/03/2026 | |
| **Signature of Reporting Person | Date | |
| /s/ Mark Shamia, Chief Operating Officer of Coastlands Capital LLC | 11/03/2026 | |
| **Signature of Reporting Person | Date | |
| /s/ Matthew D. Perry | 11/03/2026 | |
| **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) | On November 2, 2026, shares of Series A Non-Voting Convertible Preferred Stock, par value $0.001 per share ("Series A Preferred Stock"), of the Issuer automatically converted into shares of common stock, par value $0.001 per share (the "common stock"), of the Issuer, subject to certain beneficial ownership limitations set by each holder of Series A Preferred Stock. As a result of such conversion, the Reporting Persons ceased to beneficially own more than 10% of the outstanding common stock. Accordingly, the Reporting Persons are no longer subject to Section 16 in connection with their transactions in the equity securities of the Issuer and therefore will no longer report any such transactions on Form 4 or Form 5. |
| (2) | Coastlands Capital LP ("Coastlands") and Coastlands Capital GP LLC (the "General Partner") are the investment adviser and general partner, respectively, of Coastlands Capital Partners LP, a Delaware limited partnership (the "Partnership"). Coastlands Capital LLC ("Coastlands GP") is the general partner of Coastlands. Matthew Perry is the control person of Coastlands, the Partnership, Coastlands GP and the General Partner. The reporting persons are filing this Form 4 jointly, but not as members of a group, and each disclaims membership in a group. Each reporting person also disclaims beneficial ownership of common stock except to the extent of that person's pecuniary interest therein. |