Funk Werner 4

What Happened

Werner Funk, listed as a 10% owner of Omnitek Engineering Corp (OMTK), reported the expiration of a short derivative position on 2026-01-15. The expiration is recorded as a disposition of 50,000 shares at $0.10 per share, with a total reported value of $4,950. This was a derivative expiration (transaction code E), not an open-market purchase — effectively a disposition rather than a buy.

Key Details

• Transaction date: 2026-01-15 (expiration of short derivative position, code E)
• Price per share: $0.10; total reported value: $4,950 (derivative)
• Shares affected: 50,000 (disposed)
• Shares owned after transaction: Not specified in the provided filing details
• Filing date: 2026-01-28 — filed 13 days after the reported transaction (exceeds the typical 2-business-day Form 4 deadline)
• No 10b5-1 plan, tax-withholding, or other footnotes were indicated in the provided data

Context

An expiration of a short derivative position means the derivative instrument expired and was settled as a disposition of the related shares or rights; it is not the same as an open-market sale or a direct purchase. As a 10% owner, Funk is a significant shareholder — these filings reflect holdings and derivative activity by a large holder rather than routine employee equity compensation. The small monetary value here ($4,950) suggests the position was modest in dollar terms despite the 50,000-share count.