Large FONAR (FONR) insider buys 267,339 shares via LLC and trust

Rhea-AI Filing Summary

FONAR CORP insider Hilary Shane reported significant net share purchases of Common Stock. Entities associated with Shane, including ODS Capital LLC and the Oliver Shane Irrevocable Trust, executed three open-market purchases totaling 267,339 shares at $19.05 per share.

After these transactions, Shane also reports direct ownership of 1,058,818 Common Stock shares, with additional indirect holdings through the related entities. The filing shows a clear net-buy pattern, indicating increased exposure to FONAR through both direct and indirect positions.

Insights

Insider trading and ownership analyst

Associated entities made sizeable open-market buys, increasing this 10% holder’s exposure.

Hilary Shane, identified as a ten percent owner of FONAR CORP, reports that associated entities executed three open-market purchases totaling 267,339 Common Stock shares at $19.05 per share. These are classic discretionary purchases coded "P".

Shares are held indirectly via ODS Capital LLC and the Oliver Shane Irrevocable Trust, where Shane may be deemed to beneficially own the securities. A direct position of 1,058,818 shares is also reported, so the new buying adds to an already large stake.

Because all visible transactions in this filing are net purchases and there are no derivative exercises or sales, the overall signal is a straightforward increase in economic exposure. Future filings may clarify how this ownership compares to total shares outstanding for context.

Insider Trade Summary

Net Buyer: 267,339 shares ($5,092,808)

Net Buy 4 txns

Insider shane hilary

Role null

Bought 267,339 shs ($5.09M)

Type	Security	Shares	Price	Value
Purchase	Common Stock	225,426	$19.05	$4.29M
Purchase	Common Stock	41,758	$19.05	$795K
Purchase	Common Stock	155	$19.05	$3K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 324,118 shares (Indirect, See footnote); Common Stock — 1,058,818 shares (Direct, null)

Footnotes (1)

1. Shares are held directly by ODS Capital LLC, of which the reporting person is the managing member and may be deemed to beneficially own the securities held by the LLC. Shares are held directly by Oliver Shane Irrevocable trust, of which the reporting person is the grantor of the trust and may be deemed to own the securities held by the trust.

Key Figures

Total shares purchased: 267,339 shares Purchase price: $19.05 per share Direct holdings after transactions: 1,058,818 shares +4 more

7 metrics

Total shares purchased 267,339 shares Aggregate open-market purchases in this Form 4

Purchase price $19.05 per share Price for each reported purchase transaction

Direct holdings after transactions 1,058,818 shares Common Stock held directly by Hilary Shane

Smallest individual purchase 155 shares One of the open-market buys at $19.05

Medium individual purchase 41,758 shares Open-market Common Stock purchase at $19.05

Largest individual purchase 225,426 shares Open-market Common Stock purchase at $19.05

Indirect holdings example 324,273 shares Indirect Common Stock holding following one purchase

Key Terms

open-market purchase, ten percent owner, indirect ownership, beneficially own, +1 more

5 terms

open-market purchase financial

"transaction_action: open-market purchase"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

ten percent owner financial

"reporting person is marked as is_ten_percent_owner: 1"

indirect ownership financial

"transactions list ownership_type: indirect and direct_or_indirect: I"

beneficially own financial

"may be deemed to beneficially own the securities held by the LLC"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

irrevocable trust financial

"Oliver Shane Irrevocable trust, of which the reporting person is the grantor"

An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

shane hilary

(Last) (First) (Middle)

78 LIGHTHOUSE DRIVE

(Street)

JUPITER FLORIDA 33469

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
FONAR CORP [ FONR ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/28/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/28/2026		P		225,426	A	$19.05	324,118	I	See footnote(1)
Common Stock	05/29/2026		P		41,758	A	$19.05	236,332	I	See footnote(2)
Common Stock	05/29/2026		P		155	A	$19.05	324,273	I	See footnote(1)
Common Stock								1,058,818	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares are held directly by ODS Capital LLC, of which the reporting person is the managing member and may be deemed to beneficially own the securities held by the LLC.

2. Shares are held directly by Oliver Shane Irrevocable trust, of which the reporting person is the grantor of the trust and may be deemed to own the securities held by the trust.

	/s/ Hilary Shane	05/29/2026
	** 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 4 (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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider activity did FONAR CORP (FONR) report for Hilary Shane?

FONAR CORP reported that entities associated with ten percent owner Hilary Shane made three open-market purchases of Common Stock. These transactions totaled 267,339 shares and were executed at a price of $19.05 per share, increasing Shane’s overall reported beneficial ownership position.

How many FONAR CORP shares were bought in the latest Form 4 for FONR?

The Form 4 shows aggregate open-market purchases of 267,339 FONAR CORP Common Stock shares. These were executed in three separate transactions, each coded as a purchase, and all at a reported price of $19.05 per share, through entities associated with Hilary Shane.

What price did entities tied to Hilary Shane pay for FONAR CORP (FONR) shares?

Entities associated with Hilary Shane bought FONAR CORP Common Stock at $19.05 per share. All three reported purchase transactions in the Form 4 used this same price, covering a combined volume of 267,339 shares acquired in the open market or similar private transactions.

What is Hilary Shane’s direct FONAR CORP shareholding after these transactions?

After the reported activity, Hilary Shane’s direct holding is 1,058,818 FONAR CORP Common Stock shares. The filing also lists separate indirect positions through ODS Capital LLC and the Oliver Shane Irrevocable Trust, where Shane may be deemed to beneficially own additional securities.

How are ODS Capital LLC and the Oliver Shane Irrevocable Trust involved with FONAR CORP shares?

The Form 4 states that FONAR CORP shares are held directly by ODS Capital LLC and by the Oliver Shane Irrevocable Trust. Hilary Shane is the managing member of the LLC and grantor of the trust and may be deemed to beneficially own the securities held by these entities.

Does the latest FONR Form 4 show net buying or selling by the reporting person?

The Form 4 shows net buying activity. Transactions coded as purchases total 267,339 Common Stock shares, while there are no reported sales. A holding line reflects existing direct ownership, so the overall effect of this filing is an increase in reported beneficial exposure to FONAR.