Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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- Peter Lynch
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
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Presidio Property Trust, Inc. (Name of Issuer) |
Series A Common Stock (Title of Class of Securities) |
74102L501 (CUSIP Number) |
Edwin Bentzen 4995 Murphy Canyon Road, Suite 300 San Diego, CA, 92123 760-471-8536 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
09/03/2024 (Date of Event Which Requires Filing of This Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
SCHEDULE 13D
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| CUSIP No. | 74102L501 |
| 1 |
Name of reporting person
Heilbron Jack Kendrick | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
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| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
AF, PF, OO | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
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| 6 | Citizenship or place of organization
UNITED STATES
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 11 | Aggregate amount beneficially owned by each reporting person
237,482.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
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| 13 | Percent of class represented by amount in Row (11)
15.2 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IN |
SCHEDULE 13D
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| Item 1. | Security and Issuer | |
| (a) | Title of Class of Securities:
Series A Common Stock | |
| (b) | Name of Issuer:
Presidio Property Trust, Inc. | |
| (c) | Address of Issuer's Principal Executive Offices:
4995 Murphy Canyon Road, Suite 300, San Diego,
CALIFORNIA
, 92123. | |
Item 1 Comment:
This Amendment No. 2 (the "Amendment") amends and supplements the Schedule 13D filed by the Reporting Person on March 3, 2024, as amended on April 1, 2024 (as amended and supplemented by this Amendment, the "Schedule 13D"). Except as specifically provided herein, this Amendment does not modify any of the information previously reported on the Schedule 13D. Capitalized terms not otherwise defined in this Amendment shall have the same meanings ascribed thereto in the Schedule 13D. | ||
| Item 3. | Source and Amount of Funds or Other Consideration | |
On December 12, 2024, 14,925 shares were voluntarily forfeited back to the Company. On December 31, 2024, 5,393 shares were canceled and returned back to the Company in connection with his vesting granted. On May 20, 2025, Mr. Heilbron used $11,880.00 in personal funds to purchase 1,800 shares at $6.60 per share. On June 9, 2025, Mr. Heilbron was granted 20,000 restricted shares that will vest annually over three years on December 29th each year. On August 21, 2025, Mr. Heilbron used $491.00 in personal funds to purchase 100 shares at $4.91 per share. On August 22, 2025, Mr. Heilbron used $5,868 in personal funds to purchase 1,200 shares at $4.89 per share. On September 4, 2025, Mr. Heilbron used $5,868 in personal funds to purchase 1,200 shares at $4.89 per share. On December 16, 2025, Mr. Heilbron used $32,900.00 in personal funds to purchase 10,000 shares at $3.29 per share. On December 26, 2025, Mr. Heilbron used $28,200.00 in personal funds to purchase 10,000 shares at $2.82 per share. On December 29, 2025, 6,783 shares were canceled and returned back to the Company in connection with his vesting granted. The canceled share were used to cover the payroll taxes associated with Mr. Heilbron's annual vesting. On January 4, 2026 Mr. Heilbron was granted 4,000 restricted shares that will vest annually over three years on December 29th each year. On April 10, 2026, Mr. Heilbron received $23,059.40 after selling 5,884 shares at $3.92 per share. On June 3, 2024, Mr. Heilbron used $62.42 in personal funds to purchase 1,900 tradeable warrants (NASDAQ:SQFTW), or the "warrants", at $0.0329 per warrant. On June 3, 2024, Mr. Heilbron used $62.42 in personal funds to purchase 1,900 warrants at $0.0329 per warrant. On June 10, 2024, Mr. Heilbron used $39.76 in personal funds to purchase 800 warrants at $0.0497 per warrant. On June 11, 2024, Mr. Heilbron used $99.55 in personal funds to purchase 2,299 warrants at $0.0433 per warrant. On June 12, 2024, Mr. Heilbron used $37.94 in personal funds to purchase 923 warrants at $0.0411 per warrant. On June 17, 2024, Mr. Heilbron used $133.89 in personal funds to purchase 3,339 warrants at $0.0401 per warrant. On June 20, 2024, Mr. Heilbron used $7.37 in personal funds to purchase 179 warrants at $0.0412 per warrant. On June 24, 2024, Mr. Heilbron used $800.00 in personal funds to purchase 20,000 warrants at $0.0400 per warrant. On June 26, 2024, Mr. Heilbron used $0.08 in personal funds to purchase 2 warrants at $0.0390 per warrant. On June 27, 2024, Mr. Heilbron used $1,645.80 in personal funds to purchase 42,200 warrants at $0.0390 per warrant. On August 19, 2024, Mr. Heilbron used $25.92 in personal funds to purchase 900 warrants at $0.0288 per warrant. On August 20, 2024, Mr. Heilbron used $468.06 in personal funds to purchase 17,400 warrants at $0.0269 per warrant. On August 22, 2024, Mr. Heilbron used $182.70 in personal funds to purchase 7,000 warrants at $0.0261 per warrant. On August 29, 2024, Mr. Heilbron used $260.40 in personal funds to purchase 8,651 warrants at $0.0301 per warrant. On August 30, 2024, Mr. Heilbron used $27.12 in personal funds to purchase 901 warrants at $0.0301 per warrant. On September 3, 2024, Mr. Heilbron used $103.25 in personal funds to purchase 3,500 warrants at $0.0295 per warrant. On September 9, 2024, Mr. Heilbron used $120.95 in personal funds to purchase 4,100 warrants at $0.0295 per warrant. On September 10, 2024, Mr. Heilbron used $47.79 in personal funds to purchase 1,620 warrants at $0.0295 per warrant. On September 11, 2024, Mr. Heilbron used $0.06 in personal funds to purchase 2 warrants at $0.0295 per warrant. On September 12, 2024, Mr. Heilbron used $46.30 in personal funds to purchase 1,513 warrants at $0.0306 per warrant. On September 13, 2024, Mr. Heilbron used $22.21 in personal funds to purchase 721 warrants at $0.0308 per warrant. On September 20, 2024, Mr. Heilbron used $128.93 in personal funds to purchase 4,159 warrants at $0.0310 per warrant. On September 23, 2024, Mr. Heilbron used $15.60 in personal funds to purchase 500 warrants at $0.0312 per warrant. On September 24, 2024, Mr. Heilbron used $21.58 in personal funds to purchase 696 warrants at $0.0310 per warrant. On September 26, 2024, Mr. Heilbron used $19.06 in personal funds to purchase 613 warrants at $0.0311 per warrant. On December 6, 2024, Mr. Heilbron used $18,255.64 in personal funds to purchase 616,328 warrants at $0.0296 per warrant. On December 16, 2024, Mr. Heilbron used $32.88 in personal funds to purchase 1,162 warrants at $0.0283 per warrant. On December 19, 2024, Mr. Heilbron used $248.81 in personal funds to purchase 8,792 warrants at $0.0283 per warrant. On December 27, 2024, Mr. Heilbron used $318.14 in personal funds to purchase 10,748 warrants at $0.0296 per warrant. On May 27, 2025, Mr. Heilbron used $1.71 in personal funds to purchase 50 warrants at $0.0342 per warrant. On May 30, 2025, Mr. Heilbron used $167.77 in personal funds to purchase 5,084 warrants at $0.0330 per warrant. On June 2, 2025, Mr. Heilbron used $167.77 in personal funds to purchase 5,084 warrants at $0.0330 per warrant. On June 4, 2025, Mr. Heilbron used $12.72 in personal funds to purchase 400 warrants at $0.0318 per warrant. On June 5, 2025, Mr. Heilbron used $21.99 in personal funds to purchase 685 warrants at $0.0321 per warrant. On June 6, 2025, Mr. Heilbron used $66.25 in personal funds to purchase 2,051 warrants at $0.0323 per warrant. On June 11, 2025, Mr. Heilbron used $323.57 in personal funds to purchase 10,080 warrants at $0.0321 per warrant. On June 18, 2025, Mr. Heilbron used $87.55 in personal funds to purchase 2,899 warrants at $0.0302 per warrant. On June 23, 2025, Mr. Heilbron used $87.54 in personal funds to purchase 2,889 warrants at $0.0303 per warrant. On August 20, 2025, Mr. Heilbron used $301.00 in personal funds to purchase 10,000 warrants at $0.0301 per warrant. On August 21, 2025, Mr. Heilbron used $346.51 in personal funds to purchase 11,589 warrants at $0.0299 per warrant. On August 22, 2025, Mr. Heilbron used $61.86 in personal funds to purchase 2,062 warrants at $0.0300 per warrant. On December 17, 2025, Mr. Heilbron used $159.98 in personal funds to purchase 5,653 warrants at $0.0283 per warrant. | ||
| Item 5. | Interest in Securities of the Issuer | |
| (a) | As of March 31, 2026, the aggregate number and percentage of the shares of Class A Common Stock (the securities identified pursuant to Item 1 of this Schedule 13D) that are beneficially owned by the Reporting Person is set forth in boxes (11) and (13) of the cover page to this Schedule 13D, and such information is incorporated herein by reference. The percentages reported herein are calculated based upon 1,441,678 shares of Class A Common Stock issued and outstanding on March 31, 2026. Ownership includes (i) 60,869 shares of Class A Common Stock and 1,212,772 warrants held directly by Mr. Heilbron, (ii) 22,480 shares and 10,655 warrants held by Puppy Toes, Inc. and its subsidiaries (including Centurion Counsel, Inc.), of which Mr. Heilbron is the controlling shareholder, (iii) 1,000 shares and 10,007 warrants held by Mr. Heilbron's spouse, of which Mr. Heilbron has shared voting and dispositive power, (iv) 60 shares and 600 warrants held by or for the benefit of Mr. Heilbron's grandchildren, (v) 29,670 shares of unvested stock and (vi) 7,955 shares held by Centurion Counsel, Inc. on behalf of various account holders that Mr. Heilbron holds certain voting rights. Each warrant is exercisable into 1/10 of a share. | |
| (b) | The numbers of shares of Class A Common Stock as to which the Reporting Person has sole voting power, shared voting power, sole dispositive power and shared dispositive power is set forth in boxes (7), (8), (9) and (10), respectively, on the cover page to this Schedule 13D, and such information is incorporated herein by reference. | |
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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