Marshall Corby 4

What Happened

• Marshall Corby, a reported 10% owner of Hawkeye Systems, had two transactions disclosed on the Form 4. On 2025-10-01 he acquired 500,000 shares as an award/grant at $0.10 per share (value $50,000). On 2026-06-02 he disposed of 1,200,000 shares in an open-market or private sale at $0.15 per share (proceeds $180,000).
• The activity shows a recent net sale (more shares sold than awarded). Purchases/awards can signal accumulation, while sales are often routine — this filing reports both an earlier award and a later sale. Do not infer motive from the transactions.

Key Details

• Transactions and prices:
  • 2025-10-01: Award/Grant (A) — 500,000 shares @ $0.10 ($50,000)
  • 2026-06-02: Open market/private sale (S) — 1,200,000 shares @ $0.15 ($180,000)
• Shares owned after the June 2, 2026 sale: not specified in the excerpt provided (the filing includes a correction to prior beneficial ownership; see footnote).
• Footnote: F1 corrects the number of securities beneficially owned prior to the June 2, 2026 transaction as previously reported on the reporting person’s earlier Form 4.
• Filing timeliness: The sale on 2026-06-02 was reported on Form 4 filed 2026-06-03 (timely for that trade). The Oct 1, 2025 award is included here as a correction to prior reporting rather than a newly late disclosure.

Context

• Corby is a 10% owner (significant holder), which is different from an executive’s routine compensation-driven trades — ownership and trades by 10% holders are still material but don’t necessarily reflect management sentiment.
• The Oct 1 entry is an award/grant (not an option exercise or cashless sale). The June 2 entry is a sale of shares into the market or to a private buyer.
• These entries are factual reporting of transfers; they do not, by themselves, indicate the insider’s reasons for buying or selling.