Saker Aviation (SKAS) 10% Owner Eriksen Buys 5,500 Shares

What Happened

• Howard Eriksen, a reported 10% owner of Saker Aviation Services, Inc. (SKAS), acquired 5,500 shares on Aug 14, 2026 at $5.84 per share, for a total reported cost of $32,120. This was a purchase (reporting code P), which is generally viewed as a direct acquisition rather than a sale.

Key Details

• Transaction date and price: Aug 14, 2026 — 5,500 shares at $5.84 each.
• Total value: $32,120.
• Shares owned after transaction: Footnotes report 118,668 shares held by Cedar Creek Partners LLC and 54,133 shares held by managed accounts of Eriksen Capital Management (total 172,801) tied to the reporting person; adding the 5,500 purchase would bring the implied total to 178,301 shares. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest (see footnote).
• Filing date / timeliness: Form 4 filed Aug 17, 2026 — within the required reporting window (timely).
• Footnotes of note:
  • F1: 118,668 shares are held by Cedar Creek Partners LLC (an investment partnership for which Eriksen Capital Management LLC is Managing Member) and 54,133 by managed accounts of ECM; the reporting person disclaims beneficial ownership except to the extent of pecuniary interest.
  • F2: The Form 4 is filed jointly by ECM, Cedar Creek Partners LLC, and Mr. Eriksen; Mr. Eriksen may be deemed to beneficially own the shares held by those entities under ECM’s advisory agreements.

Context

• This was a straight purchase (code P), not an option exercise, gift, or tax-related withholding. Because the filing involves a 10% owner and related investment entities (Cedar Creek and ECM), the filing reflects associated institutional/managed holdings as well as the reported purchase. Purchases by insiders can be of interest to retail investors, but filings do not state the insider’s motivation. For full details, review the original Form 4 (Accession 0001104659-26-097681).