05/07/2026 | Press release | Distributed by Public on 05/07/2026 18:20
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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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Tractors & Farm Equipment Ltd OLD NO. 35, NEW NO. 77 NUNGAMBAKKAM HIGH ROAD, POTTIPATTI PLAZA CHENNAI 600 034 |
X | |||
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TAFE Motors & Tractors Ltd OLD NO. 35, NEW NO. 77 NUNGAMBAKKAM HIGH ROAD, POTTIPATTI PLAZA CHENNAI 600 034 |
See Explanation of Responses | |||
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SRINIVASAN MALLIKA OLD NO. 35, NEW NO. 77 NUNGAMBAKKAM HIGH ROAD, POTTIPATTI PLAZA CHENNAI 600 034 |
X | |||
| Tractors and Farm Equipment Limited, By: /s/ Andrew M. Freedman, Attorney-in-Fact | 05/07/2026 | |
| **Signature of Reporting Person | Date | |
| TAFE Motors and Tractors Limited, By: /s/ Andrew M. Freedman, Attorney-in-Fact | 05/07/2026 | |
| **Signature of Reporting Person | Date | |
| Mallika Srinivasan, By: /s/ Andrew M. Freedman, Attorney-in-Fact | 05/07/2026 | |
| **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) | This Form 4 is filed jointly by Tractors and Farm Equipment Limited ("TAFE"), TAFE Motors and Tractors Limited ("TMTL") and Ms. Mallika Srinivasan (collectively, the "Reporting Persons"). Each of the Reporting Persons is a member of a group for purposes of Section 13(d) of the Securities Exchange Act of 1934 (the "Exchange Act") that collectively beneficially owns over 10% of the Issuer's outstanding shares of Common Stock (the "Common Stock"). Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its or her pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Persons are the beneficial owners of such shares for purposes of Section 16 or for any other purpose. |
| (2) | The sales reported herein were undertaken pursuant to Section 6 of that certain Cooperation Agreement by and between TAFE and the Issuer, dated June 30, 2025 (the "Cooperation Agreement"). Pursuant to the Cooperation Agreement, the price per share is equal to daily volume weighted average trading prices of the Common Stock as reported on the New York Stock Exchange as determined in accordance with Rule 10b-18 of the Exchange Act for each day during the sixty (60) consecutive trading day period ending on May 4, 2026. The sales reported herein are expected to close on the fifth (5th) business day following May 5, 2026. |
| (3) | Securities owned directly by TAFE. Ms. Srinivasan is an officer of TAFE and is a beneficial owner of certain equity securities of TAFE, and may be deemed to beneficially own the securities owned by TAFE. |
| (4) | Securities owned directly by TMTL, a wholly owned subsidiary of TAFE. As the direct parent company of TMTL, TAFE may be deemed to beneficially own the securities owned by TMTL. Ms. Srinivasan is an officer of TMTL and TAFE and is a beneficial owner of certain equity securities of TMTL and TAFE, and may be deemed to beneficially own the securities owned by TMTL. |
| (5) | Securities owned directly by Ms. Srinivasan. |
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Remarks: Exhibit 24 - Power of Attorney |
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