Sec Form 13D Filing - Holmes William F Jr filing for HyreCar Inc. (HYRE) - 2023-01-17

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"
- Peter Lynch
What is insider trading>>

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

 

HyreCar Inc.

 

(Name of Issuer)

 

Common Stock, par value $0.00001 per share

 

(Title of Class of Securities)

 

44916T107

 

(Cusip Number)

 

Geoffrey Morgan

Croke Fairchild Duarte & Beres LLC

180 N. LaSalle Street, Suite 3400

Chicago, IL 60601

 

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

 

January 6, 2023

 

(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 Rule 13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐

 

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

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

 

CUSIP No. 44916T107

 

1

Name of Reporting Person:                                   I.R.S. Identification Nos. of Above Person (entities only):

 

William F. Holmes

2

Check the Appropriate Box if a Member of a Group (See Instructions):

(a) ☐

(b) ☐

 

3

SEC Use Only:

 

 

4

Source of Funds (See Instruction):

 

PF

5

Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): ☐

 

 

6

Citizenship or Place of Organization:

 

USA

 

 

 

Number of Shares

Beneficially

Owned by

Each

Reporting

Person With

 

 

 7

Sole Voting Power:

 

2,042,809

8

Shared Voting Power:

 

—

9

Sole Dispositive Power:

 

2,042,809

10

Shared Dispositive Power:

 

—

11

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

2,042,809

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ☐

 

13

Percent of Class Represented by Amount in Row (11):

 

6.7%

14

Type of Reporting Person (See Instructions):

 

IN

 

1 Based on 30,414,249 shares of Common Stock outstanding as of September 30, 2022 as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 14, 2022.

 

 

 

 

SCHEDULE 13D

 

Item 1. Security and Issuer.

 

This Schedule 13D (this “Schedule 13D”) relates to the common stock (the “Common Stock”) of HyreCar Inc., a Delaware corporation (the “Issuer” or “Registrant”). The address of the principal executive offices of the Issuer is 915 Wilshire Blvd, Suite 1950, Los Angeles, California 90017; its telephone number is (888) 688-6769.

 

Item 2. Identity and Background.

 

(a) This Schedule 13D is being filed by William F. Holmes (the “Reporting Person”).
   
(b) The principal business address for the Reporting Person is 831 Camden Park CT, Atlanta, GA 30342.
   
(c) The principal occupation of the Reporting Person is serving as the Chief Executive Officer of Holmes Motors Inc., the business address of which is 831 Camden Park CT, Atlanta, GA 30342.
   
(d) The Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) during the last five years.
   
(e) During the last five years, the Reporting Person has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is 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.
   
(f) The Reporting Person is a citizen of the United States.

 

Item 3. Source and Amount of Funds or Other Consideration.

 

The Reporting Person used available cash on hand to make the purchases of Common Stock listed on Schedule I hereto.

 

 
 

 

Item 4. Purpose of Transaction.

 

The Reporting Person holds the Common Stock of the Issuer for investment purposes. Depending on the factors discussed herein, the Reporting Person may, from time to time, acquire additional shares of Common Stock and/or retain and/or sell all or a portion of the shares of Common Stock held by the Reporting Person in the open market or in privately negotiated transactions, and/or may distribute the Common Stock held by the Reporting Person to other entities. Any actions the Reporting Person might undertake will be dependent upon the Reporting Person’s review of numerous factors, including, among other things, the price levels of the Common Stock, general market and economic conditions, ongoing evaluation of the Issuer’s business, financial condition, operations and prospects, the relative attractiveness of alternative business and investment opportunities, investor’s need for liquidity, and other future developments. Any future acquisitions of Common Stock will be subject to the Company’s policies, including its insider trading policy, as applicable.

 

From time to time, the Reporting Person may engage in discussions with members of the Issuer’s management team concerning, including, without limitation, strategic alternatives, the business, operations, capital structure, governance, management, strategy of the Issuer and other matters concerning the Issuer.

 

Except as set forth above, the Reporting Person has no present plans or intentions which would result in or relate to any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.

 

Item 5. Interests in Securities of the Issuer

 

(a,b) For information regarding beneficial ownership, see the information presented on the cover page of this Schedule 13D. The Common Stock beneficial owned by the Reporting Person is held by the Reporting Person.

 

(c) Schedule I sets forth the transactions in the Common Stock effected by the Reporting Person during the past 60 days.

 

(d) Not applicable

 

(e) Not applicable

 

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

 

Not applicable.

 

Item 7. Exhibits

 

Not applicable.

 

 

 

 

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.

 

Date: January 17, 2023

 

By: /s/ William F. Holmes  
  William F. Holmes  

 

 

 

 

SCHEDULE I

 

The following table lists all transactions completed by the Reporting Person in the Common Stock since November 6, 2022, which were all completed through open market purchases.

 

Transaction Date  Shares Purchased   Price   
12/13/2022  30,000.00   $0.4700 
12/13/2022  14,228.00   $0.4600 
12/14/2022  4,609.00   $0.4600 
12/15/2022  20,000.00   $0.4500 
12/15/2022  19,579.00   $0.4500 
12/15/2022  15,000.00   $0.4500 
12/16/2022  1.00   $0.4275 
12/16/2022  28,487.00   $0.4300 
12/16/2022  1,511.00   $0.4277 
12/16/2022  1.00   $0.4276 
12/16/2022  170.00   $0.4238 
12/16/2022  16,567.00   $0.4300 
12/16/2022  474.00   $0.4239 
12/16/2022  3.00   $0.4278 
12/16/2022  79.00   $0.4269 
12/16/2022  2,707.00   $0.4277 
12/16/2022  90.00   $0.4155 
12/16/2022  23,707.00   $0.4200 
12/16/2022  2,118.00   $0.4199 
12/16/2022  126.00   $0.4198  
12/16/2022  24,140.00   $0.4200 
12/16/2022  5,860.00   $0.4300 
12/16/2022  30,000.00   $0.4400 
12/16/2022  30,000.00   $0.4500 
12/16/2022  30,000.00   $0.4300 
12/19/2022  14,391.00   $0.4100 
12/19/2022  30,000.00   $0.4100 
12/19/2022  4,609.00   $0.4200 
12/20/2022  50,000.00   $0.4100 
12/20/2022  4,609.00   $0.4100 
12/20/2022  1,251.00   $0.3999 
12/20/2022  10,951.00   $0.4000 
12/20/2022  4,609.00   $0.4098 
12/20/2022  4,609.00   $0.4098 
12/20/2022  4,609.00   $0.4098 
12/20/2022  1,500.00   $0.4098 
12/20/2022  4,609.00   $0.4049 
12/20/2022  1,500.00   $0.4098 
12/20/2022  1,500.00   $0.4098 

 

 

 

 

Transaction Date  Shares Purchased   Price   
12/20/2022  1,500.00   $0.4097 
12/20/2022  4,609.00   $0.4000 
12/20/2022  50,000.00   $0.4100 
12/20/2022  4,609.00   $0.3975 
12/20/2022  4,609.00   $0.3999 
12/20/2022  1,500.00   $0.3955 
12/20/2022  1,500.00   $0.3989 
12/20/2022  1,500.00   $0.3999 
12/20/2022  1,500.00   $0.3999 
12/20/2022  4,200.00   $0.4099 
12/20/2022  2,700.00   $0.4097 
12/20/2022  2,346.00   $0.4098 
12/20/2022  35.00   $0.4099 
12/20/2022  190,719.00   $0.4100 
12/20/2022  55,000.00   $0.4000 
12/20/2022  4,609.00   $0.4100 
12/21/2022  91,135.00   $0.4000 
12/22/2022  25,000.00   $0.3900 
12/22/2022  3,841.00   $0.3999 
12/22/2022  3,488.00   $0.4000 
12/23/2022  2,573.00   $0.3900 
12/23/2022  100.00   $0.3867 
12/23/2022  47,638.00   $0.3900 
12/23/2022  1,866.00   $0.3899 
12/23/2022  396.00   $0.3849 
12/27/2022  500.00   $0.3898 
12/27/2022  191.00   $0.3700 
12/28/2022  200.00   $0.3900 
12/28/2022  95,849.00   $0.3900 
12/28/2022  4,104.00   $0.3850 
12/28/2022  24.00   $0.3838 
12/28/2022  23.00   $0.3849 
12/28/2022  10,000.00   $0.3800 
12/28/2022  1,000.00   $0.3928 
12/28/2022  3,230.00   $0.3700 
12/28/2022  1,400.00   $0.3699 
12/28/2022  976.00   $0.3849 
12/28/2022  24.00   $0.3838 
12/28/2022  1,000.00   $0.3850 
12/30/2022  4,900.00   $0.4100 
12/30/2022  4,609.00   $0.4100 
12/30/2022  4,609.00   $0.4100 
12/30/2022  4,609.00   $0.4099 

 

 

 

 

Transaction Date  Shares Purchased   Price   
12/30/2022  4,609.00   $0.4099 
12/30/2022  2,400.00   $0.4097 
12/30/2022  2,209.00   $0.4100 
12/30/2022  4,609.00   $0.4243 
12/30/2022  66.00   $0.4080 
12/30/2022  4,543.00   $0.4100 
12/30/2022  4,609.00   $0.4279 
12/30/2022  16,153.00   $0.4000 
12/30/2022  2,179.00   $0.3999 
12/30/2022  4,609.00   $0.4280 
12/30/2022  4,609.00   $0.4280 
12/30/2022  1,625.00   $0.4000 
12/30/2022  4,609.00   $0.4233 
12/30/2022  4,609.00   $0.4250 
12/30/2022  4,609.00   $0.4198 
12/30/2022  4,609.00   $0.4180 
12/30/2022  4,609.00   $0.4099 
12/30/2022  4,609.00   $0.4100 
12/30/2022  4,609.00   $0.4100 
12/30/2022  2,383.00   $0.4099 
12/30/2022  2,226.00   $0.4100 
12/30/2022  300.00   $0.4001 
12/30/2022  100.00   $0.4097 
12/30/2022  100.00   $0.4098 
12/30/2022  7,000.00   $0.4100 
12/30/2022  2,500.00   $0.4099 
1/4/2023  4,609.00   $0.4558 
1/4/2023  4,609.00   $0.4558 
1/4/2023  4,609.00   $0.4557 
1/4/2023  10.00   $0.4900 
1/4/2023  15,100.00   $0.4998 
1/4/2023  69,006.00   $0.5100 
1/4/2023  2,700.00   $0.4997 
1/4/2023  4,348.00   $0.5000 
1/4/2023  8,836.00   $0.4999 
1/4/2023  4,609.00   $0.5153 
1/4/2023  4,609.00   $0.5153 
1/4/2023  4,609.00   $0.4561 
1/4/2023  4,170.00   $0.5199 
1/4/2023  439.00   $0.5200 
1/4/2023  4,609.00   $0.5199 
1/4/2023  2,033.00   $0.4900 
1/4/2023  1,400.00   $0.4820 

 

 

 

 

Transaction Date  Shares Purchased   Price   
1/4/2023  900.00   $0.4800 
1/4/2023  600.00   $0.4899 
1/4/2023  1,109.00   $0.4900 
1/4/2023  600.00   $0.4860 
1/4/2023  409.00   $0.4869 
1/4/2023  600.00   $0.4870 
1/4/2023  3,600.00   $0.4800 
1/4/2023  1,731.00   $0.4615 
1/4/2023  98,236.00   $0.4780 
1/4/2023  5.00   $0.4611 
1/4/2023  28.00   $0.4700 
1/4/2023  3,609.00   $0.4600 
1/4/2023  1,000.00   $0.4581 
1/4/2023  4,609.00   $0.4576 
1/4/2023  4,609.00   $0.4576 
1/4/2023  4,609.00   $0.4515 
1/4/2023  4,509.00   $0.4514 
1/4/2023  100.00   $0.4515 
1/4/2023  4,609.00   $0.4462 
1/4/2023  4,609.00   $0.4900 
1/4/2023  4,609.00   $0.4769 
1/4/2023  4,609.00   $0.4770 
1/5/2023  100.00   $0.4849 
1/5/2023  191.00   $0.4847 
1/5/2023  4,318.00   $0.4850 
1/5/2023  4,609.00   $0.4847 
1/5/2023  265.00   $0.4898 
1/5/2023  1,644.00   $0.4900 
1/5/2023  2,700.00   $0.4899 
1/6/2023  4,609.00   $0.5200 
1/6/2023  11,233.00   $0.4800 
1/6/2023  3,400.00   $0.4896 
1/6/2023  437.00   $0.4892 
1/6/2023  1,988.00   $0.4883 
1/6/2023  94,175.00   $0.4900 
1/6/2023  4,609.00   $0.5300 
1/6/2023  4,609.00   $0.4900 
1/6/2023  52,396.00   $0.5100 
1/6/2023  47,604.00   $0.5095 
1/6/2023  4,609.00   $0.5100 
1/6/2023  4,609.00   $0.5100 
1/6/2023  45,000.00   $0.5165 
1/6/2023  4,609.00   $0.5200 

 

 

 

 

Transaction Date  Shares Purchased   Price   
1/9/2023  100.00   $0.4700 
1/9/2023  2,286.00   $0.4800 
1/9/2023  2,200.00   $0.4748 
1/9/2023  300.00   $0.4749 
1/9/2023  200.00   $0.4796 
1/9/2023  300.00   $0.4749 
1/9/2023  3,400.00   $0.4796 
1/9/2023  100.00   $0.4757 
1/9/2023  1,400.00   $0.4701 
1/9/2023  4,900.00   $0.4796 
1/9/2023  4,900.00   $0.4796 
1/9/2023  3,000.00   $0.4796 
1/9/2023  2,500.00   $0.4799 
1/9/2023  100.00   $0.4750 
1/9/2023  300.00   $0.4798 
1/9/2023  100.00   $0.4750 
1/9/2023  100.00   $0.4750 
1/9/2023  2,900.00   $0.4790 
1/9/2023  2,954.00   $0.4800 
1/9/2023  46.00   $0.4792 
1/10/2023  5,200.00   $0.5199 
1/10/2023  8,500.00   $0.5198 
1/10/2023  9,302.00   $0.5230 
1/10/2023  1,998.00   $0.5200 
1/10/2023  4,609.00   $0.4650 
1/10/2023  10,000.00   $0.5000 
1/10/2023  4,609.00   $0.4999 
1/10/2023  4,609.00   $0.4950 
1/10/2023  4,609.00   $0.4900 
1/10/2023  476.00   $0.4851 
1/10/2023  3,090.00   $0.4899 
1/10/2023  200.00   $0.4850 
1/10/2023  243.00   $0.4900 
1/10/2023  100.00   $0.4875 
1/10/2023  200.00   $0.4867 
1/10/2023  300.00   $0.4870 
1/10/2023  4,609.00   $0.4900 
1/10/2023  3,509.00   $0.4600 
1/10/2023  1,100.00   $0.4598 
1/10/2023  100.00   $0.4800 
1/10/2023  3,996.00   $0.4600 
1/10/2023  7,227.00   $0.5300 
1/10/2023  16,995.00   $0.5000 

 

 

 

 

Transaction Date  Shares Purchased   Price   
1/10/2023  1,358.00   $0.4900 
1/11/2023  4,609.00   $0.5399 
1/11/2023  2,200.00   $0.5399 
1/11/2023  2,409.00   $0.5398 
1/11/2023  4,609.00   $0.5400 
1/11/2023  1,700.00   $0.5376 
1/11/2023  2,055.00   $0.5400 
1/11/2023  854.00   $0.5391 
1/11/2023  3,800.00   $0.5374 
1/11/2023  809.00   $0.5376 
1/11/2023  4,609.00   $0.5375 
1/11/2023  700.00   $0.5375 
1/11/2023  3,909.00   $0.5374 
1/11/2023  300.00   $0.5266 
1/11/2023  14,309.00   $0.5300 
1/11/2023  686.00   $0.5299 
1/11/2023  3,719.00   $0.5300 
1/11/2023  100.00   $0.5266 
1/11/2023  100.00   $0.5286 
1/11/2023  4,505.00   $0.5299 
1/11/2023  100.00   $0.5266 
1/11/2023  3,066.00   $0.5294 
1/11/2023  2,900.00   $0.5300 
1/11/2023  4,600.00   $0.5300 
1/11/2023  4,609.00   $0.5300 
1/11/2023  4,609.00   $0.5300 
1/11/2023  4,609.00   $0.5300 
1/11/2023  4,609.00   $0.5300 
1/11/2023  4,609.00   $0.5200 
1/11/2023  4,609.00   $0.5300 
1/11/2023  4,609.00   $0.5200 
1/11/2023  4,509.00   $0.5300 
1/11/2023  100.00   $0.5280 
1/11/2023  31,920.00   $0.5400 
1/11/2023  2,600.00   $0.5200 
1/11/2023  5,986.00   $0.5300 
1/12/2023  923.00   $0.5400 
Total  2,042,809.00