Sec Form 13D Filing - Stachowiak Raymond C filing for - 2026-06-25

The residence or business address of each Reporting Person is as follows: (i) Mr. Stachowiak: 601 Montgomery Street, Suite 850, San Francisco, California 94111 (ii) RCS: 7N120 Weybridge Drive, St. Charles, Illinois 60175 Attn: Raymond C. Stachowiak (iii) Stachowiak Equity: 7N120 Weybridge Drive, St. Charles, Illinois 60175 Attn: Raymond C. Stachowiak (iv) RCS/TIG: 11515 Wightman Lane, Captiva, Florida 33924 Attn: Raymond C. Stachowiak

The principal business of each Reporting Person is as follows: (i) Mr. Stachowiak: Executive Chairman of the Board of the Issuer. (ii) RCS: Makes and holds investments in securities and other assets. (iii) Stachowiak Equity: Makes and holds investments in securities and other assets. (iv) RCS/TIG: Makes and holds investments in securities and other assets.

During the last five years, none of the Reporting Persons have been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

During the last five years, no Reporting Person was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction that resulted in the Reporting Person being subject to a judgment, decree, or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

Mr. Stachowiak is a citizen of the United States. RCS is an Illinois corporation. Stachowiak Equity is an Illinois limited liability company. RCS/TIG is a Delaware limited liability company.

This Schedule 13D/A No. 9 supplements Item 3 of the Original Schedule 13D by adding the following: Source of Mr. Stachowiak's Shares. The aggregate number of Common Shares reported as beneficially owned (the "Total Beneficial Ownership Amount") by Mr. Stachowiak in this Schedule 13 D/A No. 9 includes the Common Shares acquired or disposed of in the transactions described below that occurred since Mr. Stachowiak's reporting of beneficial ownership in the Schedule 13D/A No. 8. On June 26, 2025, Mr. Stachowiak was granted an award of 110,000 RSUs (the "2025 RSUs"), of which 30,000 vested on each of June 27, 2025 and July 2, 2025, and 25,000 vested on each of October 1, 2025 and January 1, 2026. The Total Beneficial Ownership Amount reported for Mr. Stachowiak in this Schedule 13D/A No. 9 includes the 110,000 Common Shares underlying all 110,000 of the 2025 RSUs, which have all vested. On March 26, 2026, Mr. Stachowiak was granted an award of 100,000 RSUs (the "2026 RSUs"), of which 25,000 vested on April 1, 2026, and 25,000 will vest on each of July 1, 2026, October 1, 2026, and January 1, 2027. The Total Beneficial Ownership Amount reported for Mr. Stachowiak in this Schedule 13D/A No. 9 includes an aggregate of 50,000 Common Shares underlying 50,000 of the 2026 RSUs that have vested or will vest within 60 days of the Filing Date, consisting of (i) 25,000 RSUs that vested on April 1, 2026, and (ii) 25,000 RSUs that will vest on July 1, 2026. The 50,000 Common Shares underlying the remaining 50,000 RSUs that will vest on October 1, 2026 and January 1, 2027 have been excluded from Mr. Stachowiak's Total Beneficial Ownership Amount in this Schedule 13D/A No. 9 because such RSUs will not vest within 60 days of the Filing Date. On or about May 14, 2026, Mr. Stachowiak conveyed 594,000 Common Shares previously owned directly by Mr. Stachowiak to RCS. On June 20, 2026, 2,000 stock options granted to Mr. Stachowiak expired before being exercised. Accordingly, the 2,000 Common Shares underlying the expired stock options, which were included in the Total Beneficial Ownership Amount reported for Mr. Stachowiak in the Schedule 13D/A No. 8, are not included in such amount in this Schedule 13D/A No. 9. On June 22, 2026, RCS/TIG purchased 586,468 Common Shares in a private transaction at the price of $2.28 per Common Share, for an aggregate purchase price of $1,319,553.

This Schedule 13D/A No. 9 amends and restates Item 4 of the Original Schedule 13D as follows: The information reported in Item 3 of this Schedule 13D/A No. 9 is incorporated by reference into this Item 4. The Common Shares reported as beneficially owned by the Reporting Persons will be held for investment purposes. Before Mr. Stachowiak became an officer and director of the Issuer, the securities acquired by Mr. Stachowiak were primarily acquired through purchases using his personal funds. After Mr. Stachowiak became an officer of the Issuer, Mr. Stachowiak acquired Common Shares from the Issuer as partial compensation for his service as a director and officer. Mr. Stachowiak is a director and the Executive Chairman of the Board of the Issuer, the owner-president of RCS, the owner-manager of Stachowiak Equity, and the owner-manager of RCS/TIG. Except as set forth herein and to the extent that Mr. Stachowiak may have influence over the corporate activities of the Issuer, including activities that may relate to the items described in subparagraphs (a) through (j) of Item 4 of Schedule 13D, the Reporting Persons do not have any present plan or proposal that relate to or would result in any of the matters set forth in subparagraphs (a) through (j) of Item 4 of Schedule 13D. The Reporting Persons reserve the right to increase or decrease their position in the Issuer through, among other things, the purchase or sale of securities of the Issuer on the open market or in private transactions or otherwise on such terms and at such times as the Reporting Persons may deem advisable. The Reporting Persons reserve the right to change their intention with respect to any and all matters referred to in this Item 4.

This Schedule 13D/A No. 9 amends and restates Item 5 of the Original Schedule 13D as follows: The information below reports the aggregate number of Common Shares beneficially owned by each Reporting Person, the total issued and outstanding Common Shares ( the "Total I&O Amount") used to calculate each Reporting Person's percentage of beneficial ownership in accordance with the SEC rules for calculating percentages of beneficial ownership, and each Reporting Person's percentage of beneficial ownership as of the Filing Date of this Schedule 13D/A No. 9. Reporting Person - Mr. Stachowiak(1) Aggregate Number of Common Shares Beneficially Owned - 2,220,205 Total I&O Amount of Common Shares - 6,582,678(2) Beneficial Ownership Percentage - 33.0% Reporting Person - RCS Aggregate Number of Common Shares Beneficially Owned - 752,500 Total I&O Amount of Common Shares - 6,625,000(3) Beneficial Ownership Percentage - 11.4% Reporting Person - Stachowiak Equity Aggregate Number of Common Shares Beneficially Owned - 760,559 Total I&O Amount of Common Shares - 6,625,000(3) Beneficial Ownership Percentage - 11.5% Reporting Person - RCS/TIG Aggregate Number of Common Shares Beneficially Owned - 586,468 Total I&O Amount of Common Shares - 6,625,000(3) Beneficial Ownership Percentage - 8.9% (1) Mr. Stachowiak's beneficial ownership includes his direct beneficial holdings as well as his indirect beneficial holdings as the (i) owner-president of RCS, (ii) owner-manager of Stachowiak Equity, and (iii) owner-manager of RCS/TIG. (2) Mr. Stachowiak's Total I&O Amount consists of the (i) 6,625,000 Common Shares reported by the Issuer as being issued and outstanding as of May 11, 2026, as reported by the Issuer in its Quarterly Report, and (ii) 95,678 Common Shares that Mr. Stachowiak has the right to acquire within 60 days of the Filing Date of this Schedule 13D/A No. 9 upon the vesting of RSUs. (3) The Reporting Person's Total I&O Amount is equal to the 6,625,000 Common Shares reported by the Issuer as being issued and outstanding in its Quarterly Report.

With respect to each Reporting Person as of the Filing Date, the information below reports the number of Common Shares as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition. Each Reporting Person expressly disclaims beneficial ownership of all of the Common Shares reported in this Schedule 13D/A No. 9 except to the extent of such Reporting Person's pecuniary interest therein, and the filing of this Schedule 13D/A No. 9 shall not be construed as an admission that any such Reporting Person is, for purposes of Sections 13(d) or 13(g) of the Exchange Act, the beneficial owner of any securities covered by this Schedule 13D/A No. 9. Reporting Person - Mr. Stachowiak Sole Voting Power - 120,678 Shared Voting Power - 2,099,527(1) Sole Dispositive Power - 120,678 Shared Dispositive Power - 2,099,527(1) Total Beneficially Owned - 2,220,205 Reporting Person - RCS Sole Voting Power - 0 Shared Voting Power - 752,500 Sole Dispositive Power - 0 Shared Dispositive Power - 752,500 Total Beneficially Owned - 752,500 Reporting Person - Stachowiak Equity Sole Voting Power - 0 Shared Voting Power - 760,559 Sole Dispositive Power - 0 Shared Dispositive Power - 760,559 Total Beneficially Owned - 760,559 Reporting Person - RCS/TIG Sole Voting Power - 0 Shared Voting Power - 586,468 Sole Dispositive Power - 0 Shared Dispositive Power - 586,468 Total Beneficially Owned - 586,468 (1) Includes: (i) 752,500 Common Shares held of record by RCS, of which Mr. Stachowiak is the president and which is wholly owned by the Raymond C Stachowiak Revocable Trust dated November 19, 1998 (the "Stachowiak Trust"), of which Mr. Stachowiak is the sole trustee; (ii) 760,559 Common Shares held of record by Stachowiak Equity, of which Mr. Stachowiak is the manager and which is owned 60% by the Stachowiak Trust, of which Mr. Stachowiak is the sole trustee, and 20% by each of two trusts established for Mr. Stachowiak's children (the "Stachowiak Children Trusts"), of which Mr. Stachowiak's spouse is the sole trustee; and (iii) 586,468 Common Shares held of record by RCS/TIG, of which Mr. Stachowiak is the manager and which is wholly owned by the Stachowiak Trust, of which Mr. Stachowiak is the sole trustee. The principal address of the Stachowiak Children Trusts is 7N120 Weybridge Drive, St. Charles, Illinois 60175. The principal business of the Stachowiak Children Trusts is to make and hold investments in securities and other assets. No other information required by Item 2 with respect to the Stachowiak Children Trusts is applicable.

Except as described in Item 3, Item 6, or elsewhere in this Schedule 13D/A No. 9, no transactions in the Common Shares reported in this Schedule 13D/A No. 9 were effected by the Reporting Persons during the past 60 days.

Except as set forth herein, to the knowledge of the Reporting Persons, no other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any Common Shares beneficially owned by the Reporting Persons.

Not applicable.

Except as otherwise set forth in this Schedule 13D/A No. 9, there are no contracts, arrangements, understandings, or similar relationships existing with respect to the securities of the Issuer between the Issuer and the Reporting Persons.

99.1 Joint Filing Agreement by and among the Reporting Persons.