American Shared Hospital Services (AMS) investor gifts 410,746 shares of stock

Rhea-AI Filing Summary

American Shared Hospital Services disclosed that reporting person John F. Ruffle has reduced his beneficial ownership of its common stock to 0% after transferring 410,746 shares as a gift to the Ruffle Family Foundation, a donor-advised fund.

The transfer occurred on September 29, 2025 for estate planning and charitable purposes, and Ruffle no longer has voting or dispositive power over any shares. As a result, he ceased to be a beneficial owner of more than 5% of the company’s common stock and reports no additional transactions in the past 60 days and no contracts or arrangements relating to the issuer’s securities.

Insights

Equity ownership and governance analyst

Former 5%+ holder now reports 0% AMS stake after gifting 410,746 shares.

This Schedule 13D/A amendment shows that John F. Ruffle has transferred 410,746 shares of American Shared Hospital Services common stock to the Ruffle Family Foundation as a gift, with no consideration. After this donation, he reports beneficial ownership of 0 shares, or 0% of the outstanding common stock, and no voting or dispositive power.

The filing states the transfer was for estate planning and charitable purposes and that he has no current plans involving corporate actions under Item 4. He also reports no other transactions in the past 60 days and no contracts or arrangements regarding the issuer’s securities. Overall, this is a structural change in reported ownership rather than an operational or financial event for the company.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 5)

AMERICAN SHARED HOSPITAL SERVICES

(Name of Issuer)

Common Stock, no par value

(Title of Class of Securities)

029595105

(CUSIP Number)

John F. Ruffle
603 Mountain Avenue, Apartment 231
New Providence, NJ, 07974
(973) 769-1232

Joseph R. DeHondt
Dykema Gossett PLLC, 39577 Woodward Avenue Suite 300
Bloomfield Hills, MI, 48304
(248) 203-0700

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

09/29/2025

(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).

SCHEDULE 13D

CUSIP No. 029595105

1

Name of reporting person

RUFFLE JOHN F

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.0 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, no par value
(b)	Name of Issuer: AMERICAN SHARED HOSPITAL SERVICES
(c)	Address of Issuer's Principal Executive Offices: 601 MONTGOMERY STREET, SUITE 850, SAN FRANCISCO, CALIFORNIA , 94111.
Item 1 Comment: This Schedule 13D/A constitutes Amendment No. 5 (this "Schedule 13D/A No. 5") to the Schedule 13D originally filed by John F. Ruffle ("Mr. Ruffle") with the Securities and Exchange Commission (the "SEC") on June 27, 2011, and amended by Schedules 13D/A filed on June 18, 2014, October 27, 2014, January 20, 2016, and December 18, 2023 (as amended, the "Original Schedule 13D") with respect to the common stock, no par value (the "Common Stock"), of American Shared Hospital Services, a California corporation (the "Issuer"). Only those items that are reported in this Schedule 13D/A No. 5 are amended; all other items reported in the Original Schedule 13D remain unchanged. Information given in response to each item shall be deemed incorporated by reference in all other items, as applicable. Capitalized terms used but not defined in this Schedule 13D/A No. 5 have the meanings given to them in the Original Schedule 13D.
Item 3.	Source and Amount of Funds or Other Consideration
	On September 29, 2025, Mr. Ruffle transferred 410,746 shares of Common Stock (the "Transferred Shares") as a gift for no consideration to the Ruffle Family Foundation (the "Foundation"), a donor-advised fund established through the J.P. Morgan Charitable Giving Fund, which is administered by the National Philanthropic Trust. Upon Mr. Ruffle's donation to the Foundation, he ceased having control over the Transferred Shares. Following the transfer, Mr. Ruffle does not beneficially own any shares of Common Stock.
Item 4.	Purpose of Transaction
	The information reported in Item 3 of this Schedule 13D is incorporated by reference into this Item 4 to the extent applicable. Mr. Ruffle donated the Transferred Shares to the Foundation for estate planning and charitable purposes. Mr. Ruffle does not have any current plans or proposals that relate to or would result in any of the matters specified in subparagraphs (a) through (j) of Item 4 of Schedule 13D. Mr. Ruffle reserves the right to increase or decrease his position in the Issuer through, among other things, the purchase or sale of securities of the Issuer on the open market, in private transactions, or otherwise, on such terms and at such times as Mr. Ruffle may deem advisable.
Item 5.	Interest in Securities of the Issuer
(a)	As of the filing date of this Schedule 13D/A No. 5 (the "Filing Date"), and following the transfer of all of Mr. Ruffle's shares of Common Stock to the Foundation, Mr. Ruffle does not beneficially own any shares of Common Stock, representing 0% of the issued and outstanding shares of the Issuer's Common Stock.
(b)	As of the Filing Date, Mr. Ruffle does not have the power to vote or to direct the voting of, and to dispose or to direct the disposition of, any shares of Common Stock.
(c)	Except for Mr. Ruffle's transfer to the Foundation disclosed in this Schedule 13D/A No. 5, Mr. Ruffle has not effected any transactions in the Issuer's Common Stock during the past 60 days.
(d)	Not applicable. Mr. Ruffle does not beneficially own any shares of Common Stock.
(e)	On September 29, 2025, Mr. Ruffle ceased to be the beneficial owner of more than 5% of the Issuer's Common Stock.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	There are no contracts, arrangements, understandings, or similar relationships between Mr. Ruffle and any other person with respect to the securities of the Issuer.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

RUFFLE JOHN F

Signature:	/s/ John F. Ruffle
Name/Title:	John F. Ruffle
Date:	12/16/2025

FAQ

What ownership change in AMS does this Schedule 13D/A report?

The filing reports that John F. Ruffle transferred 410,746 shares of American Shared Hospital Services common stock to the Ruffle Family Foundation and now beneficially owns 0 shares, or 0% of the class.

Why did John F. Ruffle transfer his American Shared Hospital Services (AMS) shares?

Ruffle donated the transferred shares to the Ruffle Family Foundation for estate planning and charitable purposes, according to the disclosure.

When did John F. Ruffle cease to be a more than 5% beneficial owner of AMS?

The filing states that on September 29, 2025, after the transfer to the foundation, Ruffle ceased to be the beneficial owner of more than 5% of American Shared Hospital Services’ common stock.

Does John F. Ruffle retain any voting or dispositive power over AMS shares?

No. After the transfer, Ruffle reports no power to vote or dispose of any American Shared Hospital Services common shares, with sole and shared voting and dispositive power all listed as 0.00.

Were there any other recent AMS stock transactions by John F. Ruffle?

Aside from the disclosed transfer of 410,746 shares to the Ruffle Family Foundation, the filing states that Ruffle has not effected any transactions in American Shared Hospital Services common stock during the past 60 days.

Are there any contracts or arrangements related to AMS securities involving John F. Ruffle?

No. The filing specifies there are no contracts, arrangements, understandings, or similar relationships between Ruffle and any other person with respect to American Shared Hospital Services securities.

Does John F. Ruffle indicate any future plans regarding AMS securities?

He states that he has no current plans or proposals relating to the corporate actions listed under Item 4 but reserves the right to increase or decrease his position in the issuer in the future.