Bard Associates reports 4.8% FalconStor (FALC) ownership in Schedule 13G/A

Rhea-AI Filing Summary

Bard Associates, Inc. has filed an amended ownership report showing beneficial ownership of 344,501 shares of FalconStor Software common stock, representing 4.8% of the class as of the reported event date.

Bard has sole voting and dispositive power over 15,000 shares and shared dispositive power over the full 344,501 shares. The firm states the holdings are maintained in the ordinary course of business and not for the purpose of changing or influencing control of FalconStor.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

FALCONSTOR SOFTWARE INC

(Name of Issuer)

Common Stock

(Title of Class of Securities)

306137209

(CUSIP Number)

12/05/2025

(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. 306137209

1

Names of Reporting Persons

BARD ASSOCIATES INC

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

ILLINOIS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 15,000.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 15,000.00
8	Shared Dispositive Power 329,501.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

344,501.00

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)

4.8 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: FALCONSTOR SOFTWARE INC
(b)	Address of issuer's principal executive offices: 125 BAYLIS ROAD, MELVILLE, NEW YORK, 11747
Item 2.
(a)	Name of person filing: Bard Associates, Inc.
(b)	Address or principal business office or, if none, residence: 233 South Wacker Drive, Suite 4400, Chicago, IL 60606
(c)	Citizenship: United States
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 306137209
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: 344501
(b)	Percent of class: 4.8 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 15000
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 15000
	(iv) Shared power to dispose or to direct the disposition of: 344501
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.

BARD ASSOCIATES INC

Signature:	Michael Demaray
Name/Title:	President
Date:	02/13/2026

FAQ

What ownership stake in FalconStor Software (FALC) does Bard Associates report?

Bard Associates reports beneficial ownership of 344,501 shares of FalconStor Software common stock, equal to 4.8% of the class. This reflects Bard’s combined sole and shared dispositive power over these shares as disclosed in the Schedule 13G/A filing.

How much voting power does Bard Associates have in FalconStor Software (FALC)?

Bard Associates reports sole voting power over 15,000 shares of FalconStor common stock and no shared voting power. The remaining shares where Bard has shared dispositive power do not carry shared voting authority under this disclosure.

Does Bard Associates intend to influence control of FalconStor Software (FALC)?

No. Bard Associates certifies the securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing control of FalconStor, consistent with a passive institutional investor stance.

Why is Bard Associates filing an Amendment No. 3 to Schedule 13G for FALC?

Amendment No. 3 updates Bard Associates’ current beneficial ownership in FalconStor, now at 4.8% of the common stock. The filing reflects their latest holdings as of the reported event date and confirms passive-investor certification.

What does the 4.8% ownership disclosure mean for FalconStor Software (FALC) shareholders?

The 4.8% figure shows Bard Associates is a significant but sub‑5% holder of FalconStor stock. The filing signals continued institutional interest while confirming that Bard does not seek to influence or change corporate control through these holdings.