Red Oak Partners, LLC 4

Accession 0001325533-25-000001

CIK 0001846084other

Filed

Feb 23, 7:00 PM ET

Accepted

Feb 24, 5:37 PM ET

Size

22.1 KB

Accession

0001325533-25-000001

Form 4

Period: 2025-02-20

10% Owner

Transactions

Purchase
Class A Non-Voting Common Stock
2025-02-20$0.73/sh+3,634,139$2,649,287→ 3,634,139 total(indirect: By The Red Oak Fund, LP directly)
Exercise: $0.00→ Common Stock (3,634,139 underlying)
Purchase
Class B Non-Voting Common Stock
2025-02-20$0.70/sh+412,479$288,323→ 418,111 total(indirect: By The Red Oak Long Fund, L.P. directly)
Exercise: $0.00→ Common Stock (412,479 underlying)
Purchase
Warrants
2025-02-20$0.01/sh+4,946,739$49,467→ 4,946,739 total(indirect: By The Red Oak Fund, LP directly)
Exercise: $1.50Exp: 2026-04-29→ Common Stock (4,946,739 underlying)
Purchase
Class B Non-Voting Common Stock
2025-02-20$0.70/sh+787,521$550,477→ 798,389 total(indirect: By The Red Oak Fund, LP directly)
Exercise: $0.00→ Common Stock (787,521 underlying)
Purchase
Common Stock
2025-02-20$0.73/sh+516,277$376,366→ 5,529,498 total(indirect: By The Red Oak Fund, LP directly)
Purchase
Warrants
2025-02-20$0.01/sh+2,590,574$25,906→ 2,590,574 total(indirect: By The Red Oak Long Fund, L.P. directly)
Exercise: $1.50Exp: 2026-04-29→ Common Stock (2,590,574 underlying)
Purchase
Common Stock
2025-02-20$0.73/sh+283,723$206,834→ 2,896,169 total(indirect: By The Red Oak Long Fund, L.P. directly)
Purchase
Class A Non-Voting Common Stock
2025-02-20$0.73/sh+1,903,174$1,387,414→ 1,903,174 total(indirect: By The Red Oak Long Fund, L.P. directly)
Exercise: $0.00→ Common Stock (1,903,174 underlying)

Footnotes (5)

[F1]Red Oak Partners, LLC ("ROP") serves as the general partner of The Red Oak Fund, LP, a Delaware limited partnership (the "Fund"), the direct owner of the subject securities. David Sandberg is the managing member of ROP and the Fund's portfolio manager.
[F2]ROP serves as the general partner of The Red Oak Long Fund, LP, a Delaware limited partnership (the "Long Fund"), the direct owner of the subject securities. David Sandberg is the managing member of ROP and the Long Fund's portfolio manager.
[F3]Each Reporting Person disclaims beneficial ownership of all securities reported herein, except to the extent of their pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the shares for purposes of Section 16 of the Securities and Exchange Act of 1934 or for any other purpose.
[F4]Warrants may not be exercised to the extent that, after giving effect to such exercise, the Reporting Persons would beneficially own in excess of 4.99% of the issued and outstanding common stock after such exercise.
[F5]Immediately exercisable and do not expire.

Documents

1 file

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CIK 0001846084

Entity typeother

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