05/19/2026 | Press release | Distributed by Public on 05/19/2026 14:25
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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 | ||||||||
| Long Call Option (right to buy) | $2.99(1) | 05/15/2026 | X(1)(2) | 1,000(1)(2) | 02/25/2026 | 05/15/2026 | Common Stock, par value $0.00001 per share | 100,000 | $ 0 | 0 | I | By Woodmont Investing LLC(3) | |||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Brown Tice PO BOX 20907 NEW YORK, NY 10009 |
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Woodmont Investing LLC PO BOX 20907 NEW YORK, NY 10009 |
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| /s/ Tice P. Brown | 05/19/2026 | |
| **Signature of Reporting Person | Date | |
| /s/ Tice P. Brown, Managing Member, on behalf of Woodmont Investing LLC | 05/19/2026 | |
| **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 the automatic exercise at expiration on May 15, 2026 of 1,000 call option contracts previously reported by the Reporting Persons. Each contract represented the right to purchase 100 shares of the Issuer's common stock at an exercise price of $2.99 per share. |
| (2) | The closing of the derivative security position as a result of its automatic exercise at expiration and the acquisition of the underlying securities at a fixed exercise price are exempt from Section 16(b) pursuant to Rule 16b 6(b). |
| (3) | The securities are directly held by Woodmont Investing LLC. Mr. Brown, as the managing member of Woodmont Investing LLC, may be deemed to beneficially own such securities. Each Reporting Person disclaims beneficial ownership except to the extent of pecuniary interest. |
| (4) | Includes 67,634 shares previously held by Woodmont Investing LLC, which were transferred to Mr. Brown on March 6, 2026. |