Yield Point reports 41,581 warrants (7.32%)

Kustom Entertainment, Inc. amendment updates beneficial ownership for Yield Point NY LLC and Yisroel Ari Kluger.

Rhea-AI Filing Summary

Kustom Entertainment, Inc. amendment updates beneficial ownership for Yield Point NY LLC and Yisroel Ari Kluger. Each Reporting Person is reported as beneficially owning 41,581 shares, representing 7.32% of the 526,613 shares outstanding as of March 31, 2026, based on warrants exercisable into common stock. The cover notes the issuer effected 1-for-3 and 1-for-5 reverse stock splits on January 8, 2026 and April 22, 2026, respectively. Yield Point holds Warrants exercisable for up to 41,581 shares; Mr. Kluger holds the power to vote and dispose of those shares through his role as director of Yield Point and is reported as deemed beneficial owner under Rule 13d-3.

Insights

Securities Ownership Specialist

Amendment clarifies warrant-based beneficial ownership and post-split share counts.

The filing shows Yield Point NY LLC holds Warrants exercisable for 41,581 shares, which the amendment reports as beneficial ownership for both Yield Point and Yisroel Ari Kluger under Rule 13d-3. The ownership percentage is calculated on March 31, 2026 outstanding shares of 526,613.

Key dependencies include the exercise status of the Warrants and the issuer-verified outstanding share count; cash‑flow treatment and exercise timing are not disclosed in the excerpt. Subsequent filings or issuer confirmations would specify any exercises, transfers, or changes in outstanding shares.

Corporate Actions Analyst

Reverse splits materially changed share arithmetic used to report ownership counts.

The amendment explicitly ties reported share counts to the issuer's 1-for-3 reverse split on January 8, 2026 and 1-for-5 reverse split on April 22, 2026. The stated 41,581 shares reflect those adjustments for reporting purposes.

Investors should note the filing updates arithmetic only; the excerpt does not state that any Warrants were exercised or that cash proceeds were received. Future issuer disclosures may show post-split capital structure changes or Warrant activity.

Key Figures

Outstanding shares: 526,613 shares Warrants exercisable: 41,581 shares Percent of class: 7.32% +3 more

6 metrics

Outstanding shares 526,613 shares as of March 31, 2026

Warrants exercisable 41,581 shares issuable upon exercise of Warrants held by Yield Point

Percent of class 7.32% reported beneficial ownership for Yield Point and Mr. Kluger

Reverse split 1 1-for-3 effected on January 8, 2026

Reverse split 2 1-for-5 effected on April 22, 2026

CUSIP 25382T606 Common Stock, par value $0.001

Key Terms

Warrants, Schedule 13G/A, Rule 13d-3, Reverse stock split

4 terms

Warrants financial

"Beneficial ownership consists of an aggregate of 41,581 shares issuable upon exercise of certain common stock purchase warrants"

Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.

Schedule 13G/A regulatory

"The purpose of this Amendment No. 1 is to amend and supplement the in order to update the beneficial ownership information"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

Rule 13d-3 regulatory

"By reason of the provisions of Rule 13d-3 of the Act, Mr. Kluger may be deemed to beneficially own the Shares"

Rule 13d-3 defines who is treated as the beneficial owner of a company’s shares for U.S. securities disclosure rules — essentially anyone who has the power to vote or direct how shares are voted, or the power to buy or sell them, even if they don’t hold the certificates. For investors this matters because crossing certain ownership thresholds triggers public filing and disclosure obligations and signals potential control or influence, much like having the keys to a car implies you can drive it even if it’s registered to someone else.

Reverse stock split corporate

"Such numbers of shares of Common Stock reflect the issuer's 1-for-3 and 1-for-5 reverse stock splits"

A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What percentage of Kustom Entertainment (DGLY) does Yield Point NY LLC report owning?

Yield Point NY LLC reports beneficial ownership of 7.32%. That percentage is based on 526,613 shares outstanding as of March 31, 2026 and reflects warrants exercisable into 41,581 shares.

How many shares are reported as issuable upon exercise of warrants by the reporting persons?

The reporting persons disclose a total of 41,581 shares issuable upon exercise of Warrants. These Warrants are held directly by Yield Point and are reflected in the reported beneficial ownership figures.

Do Yisroel Ari Kluger’s filings show direct ownership of the shares?

Mr. Kluger does not directly own the Shares; he is reported as a deemed beneficial owner because he has shared voting and dispositive power over Yield Point’s 41,581 shares under Rule 13d-3.

Did the reported ownership figures account for recent reverse stock splits?

Yes. The counts reflect a 1-for-3 reverse split on January 8, 2026 and a 1-for-5 reverse split on April 22, 2026, and the filing states the share numbers were adjusted accordingly.

On what date is the outstanding share count measured for the percentage calculation?

The ownership percentage is calculated using 526,613 shares outstanding as of March 31, 2026, as verified with the issuer and stated in the amendment.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/12/2026 - 07:30 PM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Kustom Entertainment, Inc.

(Name of Issuer)

Common Stock, par value $0.001 per share

(Title of Class of Securities)

25382T606

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 25382T606

1

Names of Reporting Persons

Yield Point NY LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 41,581.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 41,581.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

41,581.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.3 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: As more fully described in Item 4 of this Amendment No. 1 to the Statement on Schedule 13G (this ''Amendment No. 1''), such shares and percentage are based on 526,613 outstanding shares of common stock, par value $0.001 per share, of the issuer (the ''Common Stock'') as of March 31, 2026, as verified with the issuer. Beneficial ownership consists of an aggregate of 41,581 shares of Common Stock issuable upon exercise of certain common stock purchase warrants (the ''Warrants'') held directly by the reporting person. Such numbers of shares of Common Stock reflect the issuer's 1-for-3 and 1-for-5 reverse stock splits of its outstanding shares of Common Stock effected on January 8, 2026 and on April 22, 2026, respectively (collectively the ''Reverse Stock Splits'').

SCHEDULE 13G

CUSIP Number(s): 25382T606

1

Names of Reporting Persons

Yisroel Ari Kluger

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 41,581.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 41,581.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

41,581.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.3 %

12

Type of Reporting Person (See Instructions)

HC, IN

Comment for Type of Reporting Person: As more fully described in Item 4 of this Amendment No. 1, such shares and percentage are based on 526,613 shares of Common Stock outstanding as of March 31, 2026, as verified with the issuer. Beneficial ownership consists of an aggregate of 41,581 shares of Common Stock issuable upon exercise of the Warrants held indirectly by the reporting person. Such numbers of shares of Common Stock reflect the Reverse Stock Splits.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Kustom Entertainment, Inc.
(b)	Address of issuer's principal executive offices: 6366 College Blvd., Overland Park, KS, 66211
Item 2.
(a)	Name of person filing: (i) Yield Point NY LLC, a New York limited liability company ("Yield Point"); and (ii) Yisroel Ari Kluger ("Mr. Kluger"). The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons". Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party. The Reporting Persons have entered into a Joint Filing Agreement, a copy of which is filed as Exhibit 1 to the Schedule 13G filed by the Reporting Persons with the U.S. Securities and Exchange Commission (the ''SEC'') on October 6, 2025 (the "Schedule 13G"), pursuant to which the Reporting Persons have agreed to file the Schedule 13G, this Amendment No. 1 and all subsequent amendments jointly in accordance with the provisions of Rule 13d-1(k) of the Act. The filing of this Amendment No. 1 should not be construed in and of itself as an admission by any Reporting Person as to beneficial ownership of the shares of Common Stock reported herein.
(b)	Address or principal business office or, if none, residence: 477 Madison Avenue, 24th Floor, New York, NY 10022.
(c)	Citizenship: Yield Point is a New York limited liability company. Mr. Kluger is a citizen of the United States.
(d)	Title of class of securities: Common Stock, par value $0.001 per share
(e)	CUSIP No.: 25382T606
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The purpose of this Amendment No. 1 is to amend and supplement the Schedule 13G in order to update the beneficial ownership information on the cover pages and in Item 4 in the Schedule 13G. The information required by this item with respect to each Reporting Person is set forth in Rows 5 through 9 and 11 of the cover pages to this Amendment No. 1 and is incorporated herein by reference for each such Reporting Person. The ownership percentages reported are based on 526,613 shares of Common Stock outstanding as of March 31, 2026, as verified with the issuer. Yield Point holds Warrants exercisable for up to 41,581 shares of Common Stock. Such numbers of shares of Common Stock reflect the Reverse Stock Splits. Consequently, Yield Point is the beneficial owner of 41,581 shares of Common Stock (the "Shares"). Yield Point has the power to dispose of and the power to vote the Shares beneficially owned by it, which power may be exercised by Mr. Kluger, the director of Yield Point. Mr. Kluger, as the director of Yield Point, has shared power to vote and/or dispose of the Shares beneficially owned by Yield Point. Mr. Kluger does not directly own the Shares. By reason of the provisions of Rule 13d-3 of the Act, Mr. Kluger may be deemed to beneficially own the Shares beneficially owned by Yield Point.
(b)	Percent of class: (A) Yield Point: 7.32 % (B) Mr. Kluger: 7.32 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: (A) Yield Point: 0.00 (B) Mr. Kluger: 0.00
	(ii) Shared power to vote or to direct the vote: (A) Yield Point: 41,581.00 (B) Mr. Kluger: 41,581.00
	(iii) Sole power to dispose or to direct the disposition of: (A) Yield Point: 0.00 (B) Mr. Kluger: 0.00
	(iv) Shared power to dispose or to direct the disposition of: (A) Yield Point: 41,581.00 (B) Mr. Kluger: 41,581.00
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. See Exhibit 1 filed with the Schedule 13G.
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

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.

Yield Point NY LLC

Signature:	/s/ Yisroel Ari Kluger
Name/Title:	Yisroel Ari Kluger, Director
Date:	05/12/2026

Yisroel Ari Kluger

Signature:	/s/ Yisroel Ari Kluger
Name/Title:	Yisroel Ari Kluger
Date:	05/12/2026

Comments accompanying signature: LIST OF EXHIBITS Exhibit No. 1 - Joint Filing Agreement, dated October 6, 2025 (incorporated by reference to Exhibit 1 to the Schedule 13G filed by the Reporting Persons with the SEC on October 6, 2025).