STOCK TITAN

AGNT 10.8% holder to sell 8.7M shares at $3.68

A trust managed by Frank A. Selden reports a 10.8% AGNT stake and agrees to sell 8.7 million shares back to the company at $3.68 per share, subject to closing conditions.

(Moderate)
(Neutral)
Form Type
SCHEDULE 13D

Rhea-AI Filing Summary

AGNT, Inc. has a major shareholder reporting beneficial ownership of 18,037,824 shares of common stock, or 10.8% of the class, held through the Gratitude 2022 Trust U/A/D 8/26/22, for which Frank A. Selden now serves as successor trustee.

On September 3, 2026, AGNT entered into a stock purchase agreement with Selden as trustee of the Trust to buy back 8,693,290 shares of common stock at $3.68 per share, equal to the five-day volume‑weighted average price less a 10% discount, with closing subject to customary conditions. The Trust states that it holds the shares for investment and may sell additional shares over time depending on market and company factors.

Positive

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Negative

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Filing Explained

The filing clarifies the ownership mechanics: the Trust and Frank A. Selden each report shared voting and disposition power over 18,037,824 AGNT common shares, equal to 10.8% of the class; Selden holds them as successor trustee.

Shares beneficially owned 18,037,824 shares Common stock of AGNT beneficially owned by the Gratitude 2022 Trust and Frank A. Selden
Ownership percentage 10.8% Portion of AGNT common stock class represented by 18,037,824 shares
Shares outstanding 167,117,937 shares AGNT common stock issued and outstanding as of June 30, 2026
Shares under stock purchase agreement 8,693,290 shares Shares AGNT agreed to purchase from the Gratitude 2022 Trust
Repurchase price per share $3.68 per share Cash price AGNT will pay for each share purchased from the Trust
Discount to VWAP 10% Repurchase price set at five‑day volume‑weighted average price less this discount
beneficially owned financial
"Aggregate amount beneficially owned by each reporting person 18,037,824.00"
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.
stock purchase agreement financial
"the Issuer entered into a stock purchase agreement with Frank A. Selden"
A stock purchase agreement is a legal contract that sets the terms for buying or selling shares, specifying the price, number of shares, how payment is made, and any conditions or promises each side must meet. It matters to investors because it defines who owns what, when ownership changes, and what protections or obligations attach to the deal—think of it as a detailed receipt plus the house rules that determine the financial risks and benefits of the transaction.
volume-weighted average price financial
"equal to the volume-weighted average price of the Issuer's common stock"
Volume-weighted average price (VWAP) is the average price of a stock over a specific time period where each trade is weighted by the number of shares traded, so larger trades influence the average more than small ones. Investors and traders use VWAP as a reference point to judge whether trades are happening at relatively good or poor prices—like checking the average price paid for an item at a market where bulk purchases count more than single-item buys.
medallion signature guarantee regulatory
"bearing a medallion signature guarantee, evidencing the transfer"
Schedule 13D regulatory
"This statement on (the "") is being filed by the reporting persons"
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.

FAQ

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

How many AGNT shares does the Gratitude 2022 Trust beneficially own?

The Gratitude 2022 Trust beneficially owns 18,037,824 shares of AGNT common stock, representing 10.8% of the outstanding common stock, based on 167,117,937 shares outstanding as of June 30, 2026.

What stock repurchase agreement did AGNT (AGNT) enter into with the Trust?

On September 3, 2026, AGNT entered into a stock purchase agreement with Frank A. Selden, as trustee of the Gratitude 2022 Trust, to purchase 8,693,290 shares of AGNT common stock from the Trust, subject to customary closing conditions.

At what price will AGNT (AGNT) repurchase shares from the Gratitude 2022 Trust?

AGNT agreed to repurchase the 8,693,290 shares from the Trust at $3.68 per share, described as the volume‑weighted average price of AGNT common stock over the five trading days preceding the pricing date, less a 10% discount.

Why did Frank A. Selden become the reporting trustee for AGNT (AGNT) shares?

Record ownership of the Trust’s shares changed to Frank A. Selden as trustee following his appointment as successor trustee upon the death of Penny Sanford, the previous trustee. All reported shares are held in his capacity as trustee of the Gratitude 2022 Trust.

Does the Trust plan to continue holding AGNT (AGNT) shares as an investment?

The reporting persons state they acquired AGNT common stock for investment purposes. They may sell portions of their holdings in open‑market transactions, subject to laws, market conditions, the issuer’s prospects, stock price, and other factors they consider relevant.

What percentage of AGNT (AGNT) shares are outstanding according to this filing?

The filing references 167,117,937 shares of AGNT common stock issued and outstanding as of June 30, 2026, based on AGNT’s Quarterly Report filed on August 4, 2026.

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

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30212W100

(CUSIP Number)
Frank Selden
336 36th St. #389,
Bellingham, WA, 98225
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:
(1) Percent of Class based on 167,117,937 shares of common stock of the Issuer issued and outstanding as of June 30, 2026, as reported by the Issuer in its Quarterly Report filed with the Securities and Exchange Commission ("SEC") on August 4, 2026 (the "Quarterly Report").


SCHEDULE 13D




Comment for Type of Reporting Person:
(1) All shares beneficially owned by Frank A. Selden are held by and in the name of Mr. Selden solely in his capacity as trustee of the Gratitude 2022 Trust U/A/D 8/26/22 (the "Trust"). (2) Percent of Class based on 167,117,937 shares of common stock of the Issuer issued and outstanding as of June 30, 2026, as reported by the Issuer in the Quarterly Report.


SCHEDULE 13D


Gratitude 2022 Trust U/A/D 8/26/22
Signature:/s/ Frank A. Selden
Name/Title:Frank A. Selden, as Trustee
Date:09/08/2026
Frank A. Selden
Signature:/s/ Frank A. Selden
Name/Title:Frank A. Selden
Date:09/08/2026

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