STOCK TITAN

AGNT holder Penny Sanford now reports 0% stake

Amended Schedule 13D reports that former trustee Penny Sanford now holds 0% of AGNT common stock after 26,731,114 Trust shares were moved to successor trustee Frank Selden.

(Moderate)
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

AGNT, Inc. (AGNT) received an amended Schedule 13D filing reporting that Penny Sanford no longer beneficially owns any shares of the company’s common stock. Effective September 3, 2026, record ownership of 26,731,114 shares held by the Gratitude 2022 Trust was updated to Frank Selden as trustee.

The amendment states that, following this trustee change and related record update, Ms. Sanford’s beneficial ownership, and her sole and shared voting and dispositive power, are each reduced to zero, representing 0% of AGNT’s common stock. The Trust’s holdings are now reported on a separate Schedule 13D filed by Mr. Selden and the Trust.

Positive

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Negative

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Trust holdings 26,731,114 shares Shares of AGNT common stock held by the Gratitude 2022 Trust whose record ownership was updated to Frank Selden as trustee effective September 3, 2026
Penny Sanford beneficial ownership 0 shares Aggregate amount beneficially owned by the reporting person after the trustee and record-holder change
Percent of class 0% Percent of AGNT common stock class represented by Penny Sanford’s beneficial ownership after the change
Effective date of ownership update September 3, 2026 Date on which record ownership of the Trust’s 26,731,114 shares was updated to Frank Selden as trustee
Schedule 13D regulatory
"This Amendment No. 2 is being filed to reflect that, effective"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
beneficially owned financial
"Shares of Common Stock beneficially owned by the Trust are reported"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
dispositive power financial
"sole and shared voting and dispositive power each reduced to 0.00"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
trustee financial
"change in the trustee of the Trust from Penny Sanford to Frank Selden"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
percent of class financial
"the percent of class in Row 13 reduced to 0%"
Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What change in ownership is reported for AGNT in this Schedule 13D/A?

The amendment reports that Penny Sanford now beneficially owns zero shares of AGNT common stock, with her percent of class reduced to 0% after record ownership of 26,731,114 Trust shares was updated to successor trustee Frank Selden on September 3, 2026.

How many AGNT shares were held by the Gratitude 2022 Trust?

The Gratitude 2022 Trust held 26,731,114 shares of AGNT common stock. Record ownership of these shares was updated to Frank Selden as trustee, and the Trust’s holdings are now reported on a separate Schedule 13D filed by Mr. Selden and the Trust.

What is Penny Sanford’s current beneficial ownership percentage in AGNT?

Penny Sanford’s beneficial ownership percentage in AGNT is reported as 0%. Her sole and shared voting and dispositive power are each reported as 0.00, and the aggregate amount beneficially owned is 0.00 shares of AGNT common stock.

Why was this Amendment No. 2 to the Schedule 13D for AGNT filed?

Amendment No. 2 was filed to reflect that, effective September 3, 2026, record ownership of 26,731,114 shares held by the Gratitude 2022 Trust was updated to Frank Selden as trustee, and to update Penny Sanford’s reported beneficial ownership to zero shares and 0% of the class.

Who now reports the Gratitude 2022 Trust’s AGNT holdings?

The shares of AGNT common stock beneficially owned by the Gratitude 2022 Trust are reported by the Trust and Frank Selden on a separate Schedule 13D. This amendment concerns only the change that leaves Penny Sanford with no beneficial ownership in AGNT.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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30212W100

(CUSIP Number)
Frank Selden
7000 Bahia Beach Blvd.,
Rio Grande, PR, 00745
206-550-9777

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
09/03/2026

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

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).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
This Amendment No. 2 is being filed to reflect that, effective September 3, 2026, record ownership of the 26,731,114 shares of Common Stock held by the Gratitude 2022 Trust (the "Trust") was updated to Frank Selden to reflect the change in the trustee of the Trust from Penny Sanford to Frank Selden. As previously reported in Amendment No. 1 to this Schedule 13D, filed February 19, 2026, Ms. Sanford is deceased and Mr. Selden was appointed successor Trustee of the Trust following her death; this Amendment No. 2 reflects the completion of the corresponding change in the record holder of the Trust's shares. Accordingly, Ms. Sanford is reported herein as beneficially owning zero shares of Common Stock, with sole and shared voting and dispositive power each reduced to 0.00 and the percent of class in Row 13 reduced to 0%. Shares of Common Stock beneficially owned by the Trust are reported by the Trust on a separate Schedule 13D filed by Mr. Selden and the Trust.


SCHEDULE 13D


Penny Sanford
Signature:/s/ Frank Selden
Name/Title:Frank Selden, as Trustee of the Gratitude 2022 Trust
Date:09/08/2026

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