[SCHEDULE 13D/A] ASTROTECH Corp SEC Filing

Rhea-AI Filing Summary

Astrotech Corporation (ASTC) had a reporting holder fully exit its position. BML Investment Partners, L.P. and its related person, Braden M. Leonard, reported that they no longer beneficially own any common shares after selling a total of 229,576 shares on 10/03/2025. The filing states BML Investment Partners sold 220,410 shares at a weighted average price of $7.1305 and Mr. Leonard sold 9,166 shares at $5.83. The original acquisition used approximately $3.77 million of working capital. The report updates ownership to 0 shares (0%) and discloses organizational relationships linking Mr. Leonard, BML Capital Management, LLC and BML Investment Partners.

Positive

• Full divestiture disclosed, reducing ownership to 0 shares (0%)
• Transaction prices and volumes provided: 220,410 shares at $7.1305 (weighted) and 9,166 shares at $5.83
• Clear organizational disclosure linking BML Investment Partners, BML Capital Management, LLC, and Braden M. Leonard

Negative

• Material exit by a holder: sale of 229,576 shares may signal reduced insider/aligned ownership
• Potential liquidity/price pressure from multiple transactions selling a combined position on a single day

Insights

Corporate Governance Specialist

Large shareholder fully divested; disclosure clarifies control links.

The filing documents a complete sale of holdings by BML Investment Partners and an affiliated individual, reducing aggregate beneficial ownership to 0 shares as of 10/03/2025. It also explains the ownership and control chain: BML Capital Management, LLC is the general partner and Braden M. Leonard is the managing member.

This change removes a previously disclosed holder from the shareholder register and eliminates any indirect ownership interest from that reporting group, which may affect voting dynamics ahead of near-term corporate actions.

Equity Trading/Market Impact Analyst

Sale executed in multiple transactions at defined prices; volume and prices disclosed.

The report states 220,410 shares were sold at a weighted average price of $7.1305 and 9,166 shares at $5.83, totaling 229,576 shares sold on 10/03/2025. The filing also notes approximately $3.77 million of working capital funded the original purchases.

Investors can compare the disclosed trade sizes and prices to intraday volume on 10/03/2025 to assess potential price impact and liquidity; the immediate effect depends on market depth and timing of the multiple transactions.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)

Astrotech Corporation

(Name of Issuer)

Common Stock, $0.001 par value per share

(Title of Class of Securities)

046484309

(CUSIP Number)

Braden M Leonard
65 E Cedar, Suite 2
Zionsville, IN, 46077
317-344-2447

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

10/03/2025

(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. 046484309

1

Name of reporting person

BML Investment Partners, L.P.

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)

WC

5

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

6

Citizenship or place of organization

DELAWARE

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 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

BML Investment Partners, L.P. is a Delaware limited partnership whose sole general partner is BML Capital Management, LLC. The managing member of BML Capital Management, LLC is Braden M. Leonard. As a result, Braden M. Leonard is deemed to be the indirect owner of the shares held directly by BML Investment Partners, L.P. Despite such shared beneficial ownership, the reporting persons disclaim that they constitute a statutory group within the meaning of Rule 13d-5(b) (1) of the Securities Exchange Act of 1934.

SCHEDULE 13D

CUSIP No. 046484309

1

Name of reporting person

Leonard Braden Michael

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 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, $0.001 par value per share
(b)	Name of Issuer: Astrotech Corporation
(c)	Address of Issuer's Principal Executive Offices: 2105 Donley Drive, 100, Austin, TEXAS , 78758.
Item 2.	Identity and Background
(a)	This statement is being filed by BML Investment Partners, L.P., a Delaware limited partnership, and Braden M. Leonard. BML Capital Management, LLC, an Indiana limited liability company, is the general partner to BML Investment Partners, L.P. Braden M. Leonard is the sole managing member of the general partner.
(b)	65 E Cedar Suite 2, Zionsville, IN 46077
(c)	BML Investment Partners, L.P. The business address of BML Investment Partners, L.P. is 65 E Cedar Suite 2, Zionsville, IN 46077. The principal business of BML Investment Partners, L.P. is to purchase, sell, trade and invest in securities. BML Capital Management, LLC The business address of BML Capital Management, LLC is 65 E Cedar ,Suite 2, Zionsville, IN 46077. The principal business of BML Capital Management, LLC is to serve as the general partner to BML Investment Partners, L.P. Braden M. Leonard business address is 65 E Cedar Suite 2, Zionsville, IN 46077. Mr. Leonards principal business is to serve as managing member of BML Capital Management, LLC.
(d)	During the past five years, none of BML Investment Partners, L.P., BML Capital Management, LLC or Braden M. Leonard have been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or a party to a civil proceeding of a judicial or administrative body of competent jurisdiction where as a result of such proceeding BML Investment Partners, L.P., BML Capital Management, LLC or Braden M. Leonard was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(e)	During the past five years, none of BML Investment Partners, L.P., BML Capital Management, LLC or Braden M. Leonard have been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or a party to a civil proceeding of a judicial or administrative body of competent jurisdiction where as a result of such proceeding BML Investment Partners, L.P., BML Capital Management, LLC or Braden M. Leonard was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f)	United States
Item 3.	Source and Amount of Funds or Other Consideration
	BML Investment Partners, L.P. shares of Common Stock which were acquired using approximately $3.77 million of working capital.
Item 4.	Purpose of Transaction
	On October 3, 2025 the Reporting Person sold all shares held by the reporting person, which required an update to the 13D.
Item 5.	Interest in Securities of the Issuer
(a)	0
(b)	0
(c)	On October 3, 2025, BML Investment Partners sold 220,410 shares in multiple transactions at a weighted average price of $7.1305. On October 3, 2025, Braden M Leonard sold 9,166 shares at $5.83.
(d)	Braden M Leonard is the Managing Member of BML Capital Management, LLC, which is the General Partner to BML Investment Partners, L.P.
(e)	10/3/25
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	N/A
Item 7.	Material to be Filed as Exhibits.
	N/A

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.

BML Investment Partners, L.P.

Signature:	Braden M Leonard
Name/Title:	Braden M Leonard - Managing Member of BML Capital Management, LLC
Date:	10/07/2025

Leonard Braden Michael

Signature:	Braden Michael Leonard
Name/Title:	Braden Michael Leonard
Date:	10/07/2025

FAQ

What did the Schedule 13D/A for ASTC disclose about share ownership?

The filing discloses that reported holders now own 0 shares (0%) after selling a total of 229,576 shares on 10/03/2025.

How many shares did BML Investment Partners sell and at what price?

BML Investment Partners sold 220,410 shares at a weighted average price of $7.1305.

How many shares did Braden M. Leonard sell and at what price?

Braden M. Leonard sold 9,166 shares at a price of $5.83.

How much capital was used to acquire the shares originally?

The filing states approximately $3.77 million of working capital was used to acquire the shares.

When did the reported transactions occur for ASTC?

All disclosed sales occurred on 10/03/2025.