[Form 3] CHARLES & COLVARD LTD Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Ethara Capital LLC filed an Initial Statement of Beneficial Ownership (Form 3) reporting direct ownership of 1,353,180 shares of Charles & Colvard Ltd (CTHR). The form lists the reporting person's address in New York, NY and indicates a relationship to the issuer as a Director. The event date triggering the filing is 08/29/2025 and the form was signed by Donald R. Reynolds by power of attorney on 10/09/2025.

Positive

• Direct beneficial ownership of 1,353,180 CTHR shares disclosed
• Director status is explicitly reported, increasing transparency

Negative

• None.

Insights

Corporate Governance Analyst

Director reports direct ownership of 1,353,180 CTHR shares.

The filing shows a Director designation and a direct beneficial ownership of 1,353,180 shares of CTHR. This is a straightforward disclosure under Section 16 that notifies the market of an insider holding.

The main dependency for material impact is the stake size relative to outstanding shares; the filing does not state percentage ownership or any derivative holdings. Investors should note the filing date 08/29/2025 and the signature date 10/09/2025 as administrative timestamps.

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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

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1. Name and Address of Reporting Person^*

Ethara Capital LLC

(Last) (First) (Middle)

50 WEST 47TH STREET, SUITE 1711

(Street)

NEW YORK NY 10036

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
08/29/2025

3. Issuer Name and Ticker or Trading Symbol
CHARLES & COLVARD LTD [ CTHR ]

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

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

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

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

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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	1,353,180	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Donald R. Reynolds, by power of attorney	10/09/2025
	** 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 5 (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.

FAQ

What did Ethara Capital LLC report for CTHR?

Ethara Capital LLC reported direct ownership of 1,353,180 shares of Charles & Colvard Ltd (CTHR) on Form 3.

When is the event date and signature date on the Form 3 for CTHR?

The event date requiring the statement is 08/29/2025 and the form was signed by power of attorney on 10/09/2025.

What relationship to the issuer does the reporting person hold?

The filing indicates the reporting person is a Director of the issuer.

Does the Form 3 report any derivative securities or indirect holdings?

No. Table II is empty and the Form 3 lists only a direct holding of 1,353,180 common shares.

Who signed the Form 3 for Ethara Capital LLC?

The form was signed /s/ Donald R. Reynolds by power of attorney on 10/09/2025.