AIFF Form 4: Windsor group sells shares under Rule 144

Rhea-AI Filing Summary

Firefly Neuroscience (AIFF): insider group reports open-market sales

A group of reporting persons led by Windsor Private Capital LP, identified as more than 10% beneficial owners, disclosed multiple sales of Firefly Neuroscience common stock under Rule 144. Reported transactions include sales on 10/09/2025 (30,126 shares at $2.9441), 10/10/2025 (74,810 shares at $2.6994), 10/13/2025 (32,136 shares at $2.6525), and 10/14/2025 (29,500 shares at $2.739). Following these trades, the group reports 1,470,201 shares beneficially owned indirectly.

The securities are held by Windsor; related entities and individuals (including WPC entities and certain officers) may be deemed beneficial owners, with stated disclaimers of beneficial ownership except to the extent of pecuniary interest.

Insider Trade Summary

Net Seller: 166,572 shares

Net Sell 4 txns

Insider Windsor Private Capital LP, WPC Management Services Inc., WPC GP I Inc., Kupinsky Jordan, HJRK Holdings Inc., HJR Kupinsky 2013 Family Trust, Marcello Rocco, Cundari John

Role 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner

Sold 166,572 shs ($457K)

Type	Security	Shares	Price	Value
Sale	Common Stock	29,500	$2.739	$81K
Sale	Common Stock	32,136	$2.6525	$85K
Sale	Common Stock	74,810	$2.6994	$202K
Sale	Common Stock	30,126	$2.9441	$89K

Holdings After Transaction: Common Stock — 1,470,201 shares (Indirect, See footnote)

Footnotes (3)

1. F1. This Form 4 is filed jointly by Windsor Private Capital LP ("Windsor"), WPC Management Services Inc. ("WPC Management Services"), WPC GP I Inc. ("WPC"), Jordan Kupinsky ("Mr. Kupinsky"), HJRK Holdings Inc. ("HJRK"), HJR Kupinsky 2013 Family Trust ("HJRK Trust"), Rocco Marcello ("Mr. Marcello") and John Cundari ("Mr. Cundari", and collectively, the "Reporting Persons"). The Reporting Persons are members of a "group" that beneficially owns more than 10% of the shares of common stock of Firefly Neurosciences, Inc. (the "Issuer").
2. F2. These transactions occurred pursuant to broker-dealer sales conducted in accordance with Rule 144 under the Securities Act of 1933, as amended.
3. F3. The reported securities are held directly by Windsor. Mr. Marcello is Founder, Chairman and Chief Executive Officer of Windsor. Mr. Cundari is President of Windsor. Mr. Kupinsky is Managing Partner of Windsor. WPC is the general partner of Windsor and WPC Management Services is the sole shareholder of WPC. Mr. Marcello, Mr. Cundari and Mr. Kupinsky are the directors of WPC and WPC Management Services. WPC Management Services, WPC, Mr. Kupinsky, Mr. Marcello and Mr. Cundari may be deemed to beneficially own the reported securities. WPC Management Services, WPC, Mr. Kupinsky, Mr. Marcello and Mr. Cundari disclaim beneficial ownership of the securities held directly by Windsor except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that any of WPC Management Services, WPC, Mr. Kupinsky, Mr. Marcello or Mr. Cundari is a beneficial owner of such securities for purposes of Section 16 or any other purpose.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 10/14/2025 - 07:15 PM Learn about SEC filing dates

FAQ

What did AIFF insiders report in this Form 4?

A group including Windsor Private Capital LP reported open-market sales of common stock under Rule 144 across four dates in October 2025.

How many AIFF shares were sold and at what prices?

Reported sales were 30,126 at $2.9441 on 10/09, 74,810 at $2.6994 on 10/10, 32,136 at $2.6525 on 10/13, and 29,500 at $2.739 on 10/14.

How many AIFF shares remain beneficially owned after these trades?

The filing lists 1,470,201 shares beneficially owned following the reported transactions, held indirectly.

Who are the reporting persons for AIFF in this filing?

The group includes Windsor Private Capital LP, WPC Management Services Inc., WPC GP I Inc., Jordan Kupinsky, HJRK Holdings Inc., HJR Kupinsky 2013 Family Trust, Rocco Marcello, and John Cundari.

How is ownership of the reported AIFF shares structured?

The shares are held by Windsor. Certain related entities and individuals may be deemed beneficial owners, with disclaimers except for pecuniary interest.

What method was used to sell the AIFF shares?

The sales were broker-dealer transactions conducted in accordance with Rule 144 under the Securities Act of 1933.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Windsor Private Capital LP

(Last) (First) (Middle)

22 ST. CLAIR AVENUE EAST

SUITE 202

(Street)

TORONTO A6 M4T 2S3

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FIREFLY NEUROSCIENCE, INC. [ AIFF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/09/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock(1)	10/09/2025		S(2)		30,126	D	$2.9441	1,606,647	I	See footnote(3)
Common Stock(1)	10/10/2025		S(2)		74,810	D	$2.6994	1,531,837	I	See footnote(3)
Common Stock(1)	10/13/2025		S(2)		32,136	D	$2.6525	1,499,701	I	See footnote(3)
Common Stock(1)	10/14/2025		S(2)		29,500	D	$2.739	1,470,201	I	See footnote(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

Windsor Private Capital LP

(Last) (First) (Middle)

22 ST. CLAIR AVENUE EAST

SUITE 202

(Street)

TORONTO A6 M4T 2S3

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

WPC Management Services Inc.

(Last) (First) (Middle)

22 ST. CLAIR AVENUE EAST

SUITE 202

(Street)

TORONTO A6 M4T 2S3

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

WPC GP I Inc.

(Last) (First) (Middle)

22 ST. CLAIR AVENUE EAST

SUITE 202

(Street)

TORONTO A6 M4T 2S3

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Kupinsky Jordan

(Last) (First) (Middle)

395 BROOKE AVENUE

(Street)

TORONTO A6 M5M 2L5

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

HJRK Holdings Inc.

(Last) (First) (Middle)

395 BROOKE AVENUE

(Street)

TORONTO A6 M5M 2L5

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

HJR Kupinsky 2013 Family Trust

(Last) (First) (Middle)

395 BROOKE AVENUE

(Street)

TORONTO A6 M5M 2L5

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Marcello Rocco

(Last) (First) (Middle)

22 ST. CLAIR AVENUE EAST

SUITE 202

(Street)

TORONTO A6 M4T 2S3

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Cundari John

(Last) (First) (Middle)

22 ST. CLAIR AVENUE EAST

SUITE 202

(Street)

TORONTO A6 M4T 2S3

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. This Form 4 is filed jointly by Windsor Private Capital LP ("Windsor"), WPC Management Services Inc. ("WPC Management Services"), WPC GP I Inc. ("WPC"), Jordan Kupinsky ("Mr. Kupinsky"), HJRK Holdings Inc. ("HJRK"), HJR Kupinsky 2013 Family Trust ("HJRK Trust"), Rocco Marcello ("Mr. Marcello") and John Cundari ("Mr. Cundari", and collectively, the "Reporting Persons"). The Reporting Persons are members of a "group" that beneficially owns more than 10% of the shares of common stock of Firefly Neurosciences, Inc. (the "Issuer").

2. These transactions occurred pursuant to broker-dealer sales conducted in accordance with Rule 144 under the Securities Act of 1933, as amended.

3. The reported securities are held directly by Windsor. Mr. Marcello is Founder, Chairman and Chief Executive Officer of Windsor. Mr. Cundari is President of Windsor. Mr. Kupinsky is Managing Partner of Windsor. WPC is the general partner of Windsor and WPC Management Services is the sole shareholder of WPC. Mr. Marcello, Mr. Cundari and Mr. Kupinsky are the directors of WPC and WPC Management Services. WPC Management Services, WPC, Mr. Kupinsky, Mr. Marcello and Mr. Cundari may be deemed to beneficially own the reported securities. WPC Management Services, WPC, Mr. Kupinsky, Mr. Marcello and Mr. Cundari disclaim beneficial ownership of the securities held directly by Windsor except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that any of WPC Management Services, WPC, Mr. Kupinsky, Mr. Marcello or Mr. Cundari is a beneficial owner of such securities for purposes of Section 16 or any other purpose.

	Windsor Private Capital LP, by its General Partner, WPC GP I Inc., /s/ John Cundari, Partner	10/14/2025
	WPC Management Services Inc., /s/ John Cundari, Partner	10/14/2025
	WPC GP I Inc., /s/ John Cundari, Partner	10/14/2025
	/s/ Jordan Kupinsky	10/14/2025
	HJRK Holdings Inc., /s/ Jordan Kupinsky, President and Director	10/14/2025
	HJR Kupinsky 2013 Family Trust, by its Trustee, Jordan Kupinsky, /s/ Jordan Kupinsky	10/14/2025
	/s/ Rocco Marcello	10/14/2025
	/s/ John Cundari	10/14/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.