$ Value
—
Shares
520,000
Price
—
Filed
Mar 30
Insider
Name
Ten31 LLC
Title
—
CIK
0002121678
Roles
Transaction Details
Transaction Date
2026-02-26
Code
A
Table
Non-Derivative
Ownership
Indirect
Equity Swap
No
Shares After
5,560,889
Footnotes
SATS Credit Fund LP entered into a transaction with the Issuer on February 26, 2026 pursuant to which it purchased a Senior Unsecured Promissory Note and 520,000 shares of Common Stock from the Issuer for the aggregate purchase price of $13,000,000. | The reported securities are owned directly by (i) SATS Credit Fund and (ii) LP Low Time Preference Fund II, LLC, which are private investment funds managed by Ten31 LLC (the "Adviser"), and may be deemed to be indirectly beneficially owned by the Adviser and Jonathan Kirkwood, the co-founder and managing member of Ten31 LLC. | On February 26, 2026, the convertible note (convertible into approximately 3.7 million shares of Common Stock pursuant to the terms therein), previously purchased from the Issuer on March 6, 2025, was redeemed without ever being exercised. For additional information regarding the transaction, see the Form 8-K filed by the Issuer with the SEC on February 26, 2026.
Filing Info
Other Insiders at FLD (90d)
| Insider | Bought | Sold | Last |
|---|---|---|---|
|
Reeves William Brian Poppic
Chief Executive Officer
|
— | $7K | 2026-04-10 |
|
Repass Wolfe
Chief Financial Officer
|
— | $2K | 2026-04-20 |
|
Dickman Thomas J
Chief Technology Officer
|
— | $99 | 2026-04-20 |
|
McManus Matt
Chief Operating Officer
|
— | $15K | 2026-04-22 |
| Ten31 LLC | — | — | 2026-02-26 |