Initial Statement of Beneficial Ownership (Form 3)

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * Smith Denver Johnson 2. Date of Event Requiring Statement (Month/Day/Year) 04/30/2026 3. Issuer Name and Ticker or Trading Symbol Track Group, Inc. [TRCK] (Last) (First) (Middle) C/O TRACK GROUP, INC., 200 E 5TH AVE, SUITE 100 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below) 5. If Amendment, Date Original Filed (Month/Day/Year) (Street) NAPERVILLE, IL 60563 6. Individual or Joint/Group Filing (Check Applicable Line) ___ Form filed by One Reporting Person _X_ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Common Stock(1) 17,555,695 I By CRC Founders Fund, LP(2)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrant(1)	04/30/2026	04/30/2036	Common Stock	375,000	$0.35	I	CRC Founders Fund, LP(2)

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Smith Denver Johnson C/O TRACK GROUP, INC. 200 E 5TH AVE, SUITE 100 NAPERVILLE, IL 60563	X	X
CRC Founders Fund, LP 1528 WAZEE STREET DENVER, CO 80202		X
Carlson Ridge Capital, LLC 1528 WAZEE STREET DENVER, CO 80202		X
Carlson Ridge Capital GP, LLC 1528 WAZEE STREET DENVER, CO 80202		X

Signatures

/s/ Denver Smith		05/06/2026
**Signature of Reporting Person		Date
CRC Founders Fund, LP By: /s/ Denver J. Smith, Managing Member of its General Partner		05/06/2026
**Signature of Reporting Person		Date
Carlson Ridge Capital, LLC By: /s/ Denver J. Smith, Managing Member		05/06/2026
**Signature of Reporting Person		Date
Carlson Ridge Capital GP, LLC By: /s/ Denver J. Smith, Managing Member		05/06/2026
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	This Form 3 is filed jointly by CRC Founders Fund, LP ("CRC Founders"), Carlson Ridge Capital, LLC ("Carlson Ridge Capital"), Carlson Ridge Capital GP, LLC ("Carlson Ridge GP") and Denver J. Smith (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to beneficially own more than 10% of the Issuer's outstanding shares of Common Stock. Mr. Smith is also a director of the Issuer. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
(2)	Represents securities owned directly by CRC Founders. Carlson Ridge Capital, as the investment manager of CRC Founders, may be deemed to beneficially own the securities owned by CRC Founders. Carlson Ridge GP, as the general partner of CRC Founders, may be deemed to beneficially own the securities owned by CRC Founders. Mr. Smith, as the Managing Member of each of Carlson Ridge Capital and Carlson Ridge GP, may be deemed to beneficially own the securities owned by CRC Founders.

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