Hawkeye HoldCo LLC 4

What Happened
Hawkeye HoldCo LLC, a disclosed 10% owner of Hawkeye Systems, exercised derivatives (transaction code M) to acquire 218,952,662 shares at $0.01 per share, for a total cash price of $2,189,527, on June 11, 2026. The filing also reports a separate disposition of 1 share at $0.01 (negligible value). This was an acquisition via exercise/conversion of a derivative instrument rather than an open-market purchase.

Key Details

• Transaction date: 2026-06-11 (reported on Form 4 filed 2026-06-12; Period of Report: 2026-06-03)
• Primary transaction: 218,952,662 shares acquired at $0.01 each; total cash paid $2,189,527 (code M = exercise/conversion of derivative)
• Minor transaction: 1 share disposed at $0.01 (value $0)
• Shares owned after transaction: not specified in the filing
• No 10b5-1 plan, tax-withholding, or other footnotes disclosed in the filing

Context

• "M" indicates an exercise or conversion of a derivative (e.g., options or convertible instrument); the filing does not show any immediate sale of the newly acquired shares (no cashless exercise reported).
• As a 10% owner, Hawkeye HoldCo LLC is a significant holder but this is institutional/ownership reporting, not an executive's personal trade.
• Purchases via exercise increase beneficial ownership; the filing is factual and does not state the holder’s motivations.