Bimini Capital Management (BMNM) director reports 14.8% ownership stake

Rhea-AI Filing Summary

Bimini Capital Management director reports 14.8% ownership stake. Director Robert J. Dwyer filed an amended ownership report showing he beneficially owns 1,476,339 shares of Bimini Capital Management, Inc. Class A common stock, representing approximately 14.8% of the outstanding class. He has sole voting and dispositive power over all of these shares.

Dwyer acquired all shares using personal funds or as compensation for serving as a director. On December 19, 2025, he purchased 100,000 shares of common stock at $1.55 per share. He states the holdings are for investment purposes and indicates he may buy additional shares for cash or as director fees, or sell shares in the future, but currently has no plans related to major corporate actions such as mergers, changes in control, or significant restructurings.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 9)

BIMINI CAPITAL MANAGEMENT, INC.

(Name of Issuer)

Class A Common Stock

(Title of Class of Securities)

090319104

(CUSIP Number)

Robert B. Lamm
Gunster, 4855 Technology Way, Suite 630
Boca Raton, FL, 33431
(954) 468-1321

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

12/19/2025

(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. 090319104

1

Name of reporting person

Dwyer Robert J

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 1,476,339.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 1,476,339.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

1,476,339.00

12

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

13

Percent of class represented by amount in Row (11)

14.8 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Class A Common Stock
(b)	Name of Issuer: BIMINI CAPITAL MANAGEMENT, INC.
(c)	Address of Issuer's Principal Executive Offices: 3305 FLAMINGO DRIVE, VERO BEACH, FLORIDA , 32963.
Item 1 Comment: This Amendment No. 9 to Schedule 13D relates to the Class A Common Stock, $0.001 par value per share (the "Common Stock"), of Bimini Capital Management, Inc. (the "Issuer"). The Issuer's principal executive offices are located at 3305 Flamingo Drive, Vero Beach, FL 32963.
Item 2.	Identity and Background
(a)	The person filing this statement is Robert J. Dwyer (the "Reporting Person")
(b)	c/o Bimini Capital Management, Inc., 3305 Flamingo Drive, Vero Beach, Florida 32963.
(c)	The Reporting Person is a director of the Issuer.
(d)	During the last five years, the Reporting Person has not (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding 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 last five years, the Reporting Person has not (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding 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)	The Reporting Person is a United States citizen.
Item 3.	Source and Amount of Funds or Other Consideration
	The shares of Common Stock described in Item 4 below were acquired by the Reporting Person using personal funds. All shares of Common Stock owned by the Reporting Person were acquired using personal funds or were issued as compensation for serving as a director of the Issuer. No shares of Common Stock were acquired by the Reporting Person using funds or other consideration borrowed or otherwise obtained for the purpose of acquiring, holding, trading or voting such shares.
Item 4.	Purpose of Transaction
	The Reporting Person has acquired the shares of Common Stock that are beneficially owned by him for investment purposes. The Reporting Person may acquire additional shares of Common Stock for cash or as director's fees and may otherwise acquire or dispose of shares of Common Stock in the future. Other than as described herein, the Reporting Person has no current plans or proposals which relate to, or could result in, any of the matters referred to in paragraphs (a) through (j), inclusive, of Item 4 of Schedule 13D.
Item 5.	Interest in Securities of the Issuer
(a)	The Reporting Person beneficially owns 1,476,339 shares of Common Stock, which represents approximately 14.8% of the Issuer's outstanding shares of Class A Common Stock. The Reporting Person has the sole power to vote and dispose of all such shares.
(b)	On December 19, 2025, the Reporting Person acquired 100,000 shares of Common Stock at a price of $1.55 per share. During the past 60 days the Reporting Person did not acquire or dispose of any other shares of Common Stock.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	The Reporting Person continues to be a member of the Board of Directors of the Issuer and as such, may receive future director's compensation in the form of shares of Common Stock. There are currently no contracts, arrangements, understandings or relationships (legal or otherwise) between the Reporting Person and any other person with respect to any securities of the Issuer, including, but not limited to, transfer or voting of any other securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies.
Item 7.	Material to be Filed as Exhibits.
	None.

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.

Dwyer Robert J

Signature:	/s/ Robert J. Dwyer
Name/Title:	Robert J. Dwyer
Date:	12/23/2025