Hawkeye HoldCo LLC 4

What Happened

• Hawkeye HoldCo LLC, reported as a 10% owner of Hawkeye Systems, converted derivative securities into 23,064,634 common shares on 2026-06-01 at a conversion price of $0.12 per share, valuing the conversion at $2,767,756. The Form 4 shows an additional derivative-disposal line (N/A shares) that reflects the derivative instrument being extinguished as part of the conversion. This transaction is an acquisition via conversion (not an open-market purchase or a sale).

Key Details

• Transaction date: 2026-06-01; Form 4 filed: 2026-06-03.
• Transaction type/code: Conversion of derivative security (C).
• Shares acquired: 23,064,634 common shares at $0.12 per share; total reported value $2,767,756.
• Derivative disposal line: filing lists a corresponding derivative-security disposal (N/A shares) indicating the original derivative was converted/terminated.
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Footnotes/plan notes: none provided in the data supplied (no 10b5-1, tax-withholding, or immediate sale reported).

Context

• As a 10% owner (an institutional/entity holder), Hawkeye HoldCo LLC is not an individual executive; conversions like this commonly reflect contractual terms (e.g., convertible instruments or warrants) rather than a discretionary open-market purchase. Because the shares were acquired through conversion, this is an addition to holdings rather than a sale, but it should be interpreted in light of the underlying agreement that governed the derivative conversion.