Draganfly Inc. received an amended Schedule 13G filing from SIG Brokerage, LP and Susquehanna Securities, LLC, reporting beneficial ownership of 689,804 common shares, or 2.7% of the class as of the company data used in the filing.
The filing explains that SIG Brokerage’s position consists of options to buy shares, while Susquehanna Securities’ position includes options to buy 658,200 shares. Both firms are Delaware broker-dealers and may be deemed a group, but each disclaims beneficial ownership of shares directly held by the other.
The investors state that the securities were acquired and are held in the ordinary course of business, and not for the purpose of changing or influencing control of Draganfly. The ownership level is below 5% of the outstanding 25,581,802 shares reported in the company’s Form F-10.
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Draganfly Inc.
(Name of Issuer)
Common Shares, no par value
(Title of Class of Securities)
26142Q304
(CUSIP Number)
12/31/2025
(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)
SCHEDULE 13G
CUSIP No.
26142Q304
1
Names of Reporting Persons
SIG Brokerage, LP
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
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
1,000.00
6
Shared Voting Power
689,804.00
7
Sole Dispositive Power
1,000.00
8
Shared Dispositive Power
689,804.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
689,804.00
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)
2.7 %
12
Type of Reporting Person (See Instructions)
BD, PN
Comment for Type of Reporting Person: With respect to Row 5 through Row 9 above, SIG Brokerage, LP and Susquehanna Securities, LLC are affiliated independent broker-dealers which may be deemed a group. For purposes of this report, we have indicated that each reporting person has sole voting and dispositive power with respect to the shares beneficially owned by it and that the reporting persons have shared voting and dispositive power with respect to all shares beneficially owned by all of the reporting persons. Each of the reporting persons disclaims beneficial ownership of shares owned directly by another reporting person.
SCHEDULE 13G
CUSIP No.
26142Q304
1
Names of Reporting Persons
Susquehanna Securities, 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
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
688,804.00
6
Shared Voting Power
689,804.00
7
Sole Dispositive Power
688,804.00
8
Shared Dispositive Power
689,804.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
689,804.00
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)
2.7 %
12
Type of Reporting Person (See Instructions)
BD, OO
Comment for Type of Reporting Person: With respect to Row 5 through Row 9 above, SIG Brokerage, LP and Susquehanna Securities, LLC are affiliated independent broker-dealers which may be deemed a group. For purposes of this report, we have indicated that each reporting person has sole voting and dispositive power with respect to the shares beneficially owned by it and that the reporting persons have shared voting and dispositive power with respect to all shares beneficially owned by all of the reporting persons. Each of the reporting persons disclaims beneficial ownership of shares owned directly by another reporting person.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Draganfly Inc.
(b)
Address of issuer's principal executive offices:
235 103rd St. E, Saskatoon, SK, S7N 1Y8 Canada
Item 2.
(a)
Name of person filing:
This statement is filed by the entities listed below, who are collectively referred to herein as "Reporting Persons" with respect to the Common Shares, no par value (the "Shares"), of Draganfly Inc. (the "Company").
(i) SIG Brokerage, LP
(ii) Susquehanna Securities, LLC
(b)
Address or principal business office or, if none, residence:
The address of the principal business office of each of SIG Brokerage, LP and Susquehanna Securities, LLC is:
401 E. City Avenue
Suite 220
Bala Cynwyd, PA 19004
(c)
Citizenship:
Citizenship is set forth in Row 4 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.
(d)
Title of class of securities:
Common Shares, no par value
(e)
CUSIP No.:
26142Q304
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 information required by this Item 4(a) is set forth in Row 9 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.
The number of Shares reported as beneficially owned by SIG Brokerage, LP consists of options to buy Shares. The number of Shares reported as beneficially owned by Susquehanna Securities, LLC includes options to buy 658,200 Shares.
The Company's Registration Statement on Form F-10 (Registration No. 333-290823), filed on October 10, 2025, indicates there were 25,581,802 Shares outstanding as of October 8, 2025.
(b)
Percent of class:
2.7 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
The information required by this Item 4(c)(i) is set forth in Row 5 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.
(ii) Shared power to vote or to direct the vote:
The information required by this Item 4(c)(ii) is set forth in Row 6 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.
(iii) Sole power to dispose or to direct the disposition of:
The information required by this Item 4(c)(iii) is set forth in Row 7 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.
(iv) Shared power to dispose or to direct the disposition of:
The information required by this Item 4(c)(iv) is set forth in Row 8 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
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.
Not Applicable
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 acquired and are held in the ordinary course of business and 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.
What stake in Draganfly Inc. (DPRO) is reported in this Schedule 13G/A?
The filing reports that SIG Brokerage, LP and Susquehanna Securities, LLC together beneficially own 689,804 Draganfly common shares, representing 2.7% of the class. This percentage is based on 25,581,802 shares outstanding cited from Draganfly’s Form F-10.
Who are the reporting persons in Draganfly Inc. (DPRO)’s Schedule 13G/A?
The reporting persons are SIG Brokerage, LP and Susquehanna Securities, LLC, both Delaware-organized broker-dealers. The filing states they may be deemed a group but each disclaims beneficial ownership of shares directly owned by the other affiliated entity.
How much of Draganfly (DPRO)’s reported position is held through options?
SIG Brokerage’s reported beneficial ownership consists of options to buy Draganfly shares. Susquehanna Securities’ position includes options to buy 658,200 shares. These options are counted for beneficial ownership purposes under SEC rules in calculating the 689,804 total shares.
What does the 2.7% ownership reported for Draganfly (DPRO) represent?
The 2.7% ownership is the portion of Draganfly’s common shares that the reporting persons beneficially own, including options. It is calculated using 25,581,802 shares outstanding as of October 8, 2025, referenced from Draganfly’s Form F-10 registration statement.
Do the Draganfly (DPRO) reporting holders intend to influence control of the company?
The filing certifies the securities were acquired and are held in the ordinary course of business, and not for the purpose of changing or influencing control of Draganfly. It also states they are not held in connection with any control-related transaction.
Why is the Draganfly (DPRO) Schedule 13G/A classified as a passive ownership filing?
Schedule 13G is used for passive ownership reporting. Here, the investors certify they are broker-dealers holding Draganfly shares in the ordinary course, with no intent to influence control, which is consistent with a passive, rather than activist, ownership stance.
