STOCK TITAN

Ensysce (ENSC) chair boosts stake, locks in votes on merger

(High)
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Ensysce Biosciences, Inc. (ENSC) had an ownership update from its chairman, Bob Gene Gower, who now reports beneficial ownership of 1,206,576 shares of common stock, representing 6.1% of the company’s outstanding shares as of August 12, 2026.

The position includes common shares, options and warrants, and reflects two 2026 transactions: on April 23, $246,169 of senior secured convertible notes (principal and interest) were converted into 508,614 shares plus a warrant for 254,307 shares at an exercise price of $0.484; on August 7, he used $198,000 of personal funds to buy 400,000 shares at $0.495 per share, pushing his stake above 5%.

Gower acquired the securities in connection with his role as director and for investment purposes and may trade ENSC shares subject to the company’s insider trading policy. He is party to a Support Agreement tied to a merger, obligating him to vote his shares in favor of specified stockholder proposals, including those related to preferred stock conversion, potential charter amendments and a possible reverse stock split.

Positive

  • None.

Negative

  • None.

Filing Explained

The August 18, 2026 amendment specifies that Bob Gower’s Support Agreement voting obligation expires at the earliest of approval of the covered stockholder proposals, mutual agreement, or ten months after the August 5, 2026 execution date, making the commitment time- and event-limited.

Beneficial ownership 1,206,576 shares Shares of ENSC common stock beneficially owned by Bob Gene Gower
Ownership percentage 6.1% Portion of ENSC common stock class represented by Gower’s beneficial ownership
Shares outstanding 19,456,794 shares ENSC common shares outstanding as of August 12, 2026
August 7, 2026 purchase amount $198,000 Personal funds used by Gower to buy ENSC shares
August 7, 2026 shares purchased 400,000 shares ENSC common shares bought by Gower at $0.495 per share
Note conversion amount $246,169.00 Aggregate principal and interest of notes converted on April 23, 2026
Shares from note conversion 508,614 shares ENSC shares issued to Gower in April 23, 2026 conversion
Warrant size 254,307 shares Shares of ENSC common stock underlying warrant at $0.484 exercise price
beneficial ownership financial
"Number of Shares Beneficially Owned by Each Reporting Person With"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Support Agreement regulatory
"the Reporting Person executed a support agreement (the "Support Agreement") that obligates"
A support agreement is a written commitment in which one or more parties promise to take specific actions—such as lending money, voting a certain way, or providing other help—to back a corporate deal, restructuring or financing. For investors it matters because these promises raise the chances a plan will succeed and reduce uncertainty about who will pay or vote for what; think of it like neighbors formally agreeing to chip in and carry out a shared repair so everyone knows it will get done.
Indemnification Agreement regulatory
"The Issuer entered into an indemnification agreement (an "Indemnification Agreement") with each"
An indemnification agreement is a contract in which one party promises to cover losses, costs, or legal claims that another party might face, acting like a tailored safety net or private insurance policy. For investors, it matters because such agreements shift potential financial risk away from a company or its officers and onto the indemnifier, which can affect a company’s future liabilities, cash flow and how risky the investment appears during deal-making or litigation.
Senior Secured Convertible Notes financial
"Related Amendments to Senior Secured Convertible Notes by which outstanding convertible"
A senior secured convertible note is a loan a company issues that sits near the top of its repayment order (senior), is backed by specific assets as collateral (secured), and can be swapped into company shares later (convertible). For investors this matters because it combines lower risk of repayment and legal protection from the collateral with the upside of converting into equity—so it affects both the safety of debt holders and potential dilution for shareholders.
warrant financial
"was issued a warrant (the "Warrant") to purchase up to 254,307 shares"
A warrant is a time-limited financial contract that gives its holder the right to buy a company's shares at a set price before a specified date, like a coupon that lets you purchase stock at a fixed discount for a limited time. It matters to investors because warrants offer leveraged exposure to a stock’s upside and can dilute existing shareholders if exercised, so they affect potential gains and the company’s outstanding share count.

FAQ

What percentage of Ensysce Biosciences (ENSC) does Bob Gene Gower currently beneficially own?

Bob Gene Gower beneficially owns 6.1% of Ensysce Biosciences’ common stock. This equals 1,206,576 shares, based on 19,456,794 shares outstanding as of August 12, 2026, as reported in the company’s Form 10-Q filed on August 13, 2026.

What recent share purchases did Bob Gene Gower make in ENSC common stock?

On August 7, 2026, Bob Gene Gower purchased 400,000 ENSC shares using $198,000 of personal funds. The shares were bought at a price of $0.495 per share, which caused his beneficial ownership to exceed the 5% reporting threshold.

How did the April 23, 2026 note conversion affect Bob Gene Gower’s ENSC holdings?

On April 23, 2026, outstanding senior secured convertible notes plus interest totaling $246,169 were converted into 508,614 ENSC shares and a warrant for 254,307 shares with a $0.484 exercise price, increasing Bob Gene Gower’s potential equity exposure to the company.

What securities make up Bob Gene Gower’s reported ENSC beneficial ownership?

Bob Gene Gower’s 1,206,576 ENSC shares of beneficial ownership include 916,740 common shares, 2,013 shares issuable upon exercisable options, and 287,823 shares issuable upon exercise of warrants, according to the ownership breakdown in the Schedule 13D amendment.

What is the Support Agreement mentioned in Bob Gene Gower’s ENSC Schedule 13D/A?

The Support Agreement obligates Bob Gene Gower to vote all his ENSC shares in favor of specified stockholder proposals related to a merger, including conversion of Series C preferred stock, potential charter amendments, and a possible reverse stock split, until the agreement expires under stated conditions.

What is the size of the ENSC warrant issued to Bob Gene Gower in April 2026?

In connection with the April 23, 2026 note conversion, Bob Gene Gower received a warrant to purchase up to 254,307 ENSC shares of common stock, with a per share exercise price of $0.484, expanding his potential future equity position if exercised.

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

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Learn about SEC filing dates





293602504

(CUSIP Number)
Bob Gene Gower
101 Westcott Street, Unit 303,
Houston, TX, 77007
832-771-7438

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
08/07/2026

(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).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
1.Beneficial ownership of the Common Stock of the Issuer was acquired by the Reporting Person as a result of the closing of a business combination in 2021. Additional purchases were funded with the personal funds of the Reporting Person. 2.Includes 916,740 shares of Common Stock held by the Reporting Person, 2,013 shares of Common Stock subject to exercisable options and 287,823 shares of Common Stock that may be acquired through the exercise of warrants. 3.Based on 19,456,794 shares of Ensysce Biosciences, Inc.'s common stock, par value $0.0001 per share outstanding as of August 12, 2026, as reported in Ensysce Biosciences, Inc.'s Quarterly Report on Form 10-Q, filed with the Securities and Exchange Commission ("SEC") on August 13, 2026. 4.See Disclosure in Items 2 and 5 of this Schedule 13D.


SCHEDULE 13D


Bob Gene Gower
Signature:/s/ Bob Gene Gower
Name/Title:Bob Gene Gower
Date:08/18/2026