President Erik Herzfeld's Clients Reduce Stake to 36.47% Post-Reverse Split, Report Minor Share Sale

summarizeSummary

President Erik M. Herzfeld and his advisory clients updated their beneficial ownership to 36.47% following a reverse stock split and reported a minor sale of shares.

check_boxKey Events

• Beneficial Ownership Updated

  Erik M. Herzfeld and his advisory clients now beneficially own 730,542 shares, representing 36.47% of the company's common stock, a decrease from the 37.89% reported on February 10, 2026.

• Post-Reverse Stock Split Reporting

  This amendment reflects ownership information on a post-split basis following a 10-to-1 reverse stock split effective February 6, 2026, including shares from rounding up fractional shares.

• Minor Share Sale Reported

  Advisory clients sold 1,835 shares through open market transactions on February 18, 2026, at an average price of $17.3134 per share, totaling approximately $31,790.

auto_awesomeAnalysis

This Schedule 13D/A filing from President Erik M. Herzfeld and his advisory clients provides an updated view of their beneficial ownership following a recent 10-to-1 reverse stock split. The reported ownership now stands at 36.47%, a decrease from the previously reported 37.89% by Erik M. Herzfeld and his advisory clients on February 10, 2026. Additionally, the filing discloses a minor sale of 1,835 shares by advisory clients for approximately $31,790. While the sale itself is small in value, the overall update is important for investors to understand the current insider ownership structure after the corporate action and the slight reduction in the President's affiliated holdings.