01/21/2026 | Press release | Distributed by Public on 01/21/2026 15:43
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN 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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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Stock Options | $3 | (2) | 11/30/2030 | Common Stock | 10,000 | 10,000 | D | ||||||||
| Stock Options | $3.75 | (3) | 08/31/2029 | Common Stock | 10,000 | 10,000 | D | ||||||||
| Stock Options | $3.50 | (3) | 05/31/2028 | Common Stock | 1,000 | 1,000 | D | ||||||||
| Stock Options | $3.43 | (3) | 06/30/2028 | Common Stock | 2,120 | 2,120 | D | ||||||||
| Stock Option | $8.40 | (3) | 04/30/2027 | Common Stock | 1,000 | 1,000 | D | ||||||||
| Stock Option | $13.20 | (3) | 12/31/2027 | Common Stock | 1,000 | 1,000 | D | ||||||||
| Stock Option | $23.80 | (3) | 12/31/2026 | Common Stock | 1,000 | 1,000 | D | ||||||||
| Convertible Notes(4) | $15 | 09/30/2018 | 07/01/2026 | Common Stock | 84,877(5) | $1,273,157(5) | D | ||||||||
| Convertible Notes | $9.30 | 01/15/2019 | 07/01/2026 | Common Stock | 110,323(5) | $1,026,000(5) | D | ||||||||
| Convertible Notes | $15 | 09/30/2018 | 07/01/2026 | Common Stock | 7,812(5) | $117,166(5) | D | ||||||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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TAGLICH MICHAEL N C/O TAGLICH BROTHERS, INC. 37 MAIN STREET COLD SPRING HARBOR, NY 11724 |
X | X | ||
| /s/ Michael N. Taglich | 01/21/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(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) | Taglich Brothers, Inc., of which the Reporting Person is Chairman and President, sold 11,998 shares to the Reporting Person and 11,998 shares to Robert Taglich. |
| (2) | Vests as to 5,000 shares on December 31, 2025, 2,500 shares on February 28, 2026 and 2,500 shares on May 31, 2026. |
| (3) | Exercisable in full. |
| (4) | Represents Issuer's 6% convertible notes received pursuant to amendment to Issuer's 8% convertible notes and includes unpaid interest through December 31, 2020. |
| (5) | Includes accrued interest on the Notes through December 31, 2020 and the shares that would be issued upon conversion for the interest accrued through December 31, 2020. Does not include shares to be issued upon conversion for interest accrued after December 31, 2020. |