Schedule 13G/A: Kayne Anderson Holds 8.8% of Fonar Corp

Rhea-AI Filing Summary

Kayne Anderson Rudnick Investment Management, LLC reports beneficial ownership of 544,036 shares of Fonar Corp ordinary stock, representing 8.8% of the class. The filer indicates sole voting power and sole dispositive power over all reported shares. The statement is filed as a Schedule 13G amendment and the filer certifies the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. The filing lists the reporting person as an investment adviser (Type IA) and notes no shared power or group affiliation.

Positive

• Material disclosure of stake: Reporting of 544,036 shares representing 8.8% of the class provides clear, material ownership information.
• Sole authority reported: The filer reports sole voting and sole dispositive power over all reported shares, clarifying control of vote and disposition within the reporting entity.

Negative

• None.

Insights

Financial Analyst

TL;DR: A material passive stake of 8.8% is disclosed with sole voting and dispositive power, presented as a Schedule 13G amendment.

The filing reports a meaningful position of 544,036 shares representing 8.8% of Fonar Corp's class. The reporting person is classified as an investment adviser (Type IA) and reports sole voting and dispositive authority over the shares, with no shared power reported. Because the filer certifies the holdings are held in the ordinary course of business and not to influence control, this disclosure signals a material ownership level without an expressed intent to pursue control. For market participants, the key facts are stake size and the filers passive characterization; no additional transactions or strategic actions are disclosed in this statement.

Corporate Governance Expert

TL;DR: Ownership is large enough to attract attention but the filer explicitly asserts passive intent and reports no group or shared control.

The Schedule 13G/A identifies Kayne Anderson Rudnick as holding 544,036 shares with sole voting and dispositive power, and lists Items related to group affiliation and parent/subsidiary acquisition as Not Applicable. The filers certification states the position was not acquired to influence control, consistent with a passive 13G filing. From a governance perspective, the disclosure documents a concentrated ownership position that could be relevant for shareholder communications or monitoring, but the filing contains no indication of coordinated action, contested nominations, or control-seeking behavior.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 6)

Fonar Corp

(Name of Issuer)

Fonar Ord Shs

(Title of Class of Securities)

344437405

(CUSIP Number)

06/30/2025

(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. 344437405

1

Names of Reporting Persons

Kayne Anderson Rudnick Investment Management, 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

CALIFORNIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 544,036.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 544,036.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

544,036.00

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)

8.8 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Fonar Corp
(b)	Address of issuer's principal executive offices: 110 MARCUS DR, MELVILLE, NY, 11747
Item 2.
(a)	Name of person filing: Kayne Anderson Rudnick Investment Management, LLC
(b)	Address or principal business office or, if none, residence: 2000 Avenue of the Stars, Suite 1110, Los Angeles, 90067, CA, United States
(c)	Citizenship: CALIFORNIA
(d)	Title of class of securities: Fonar Ord Shs
(e)	CUSIP No.: 344437405
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: 544,036
(b)	Percent of class: 8.8 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 544,036
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 544,036
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	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.

Kayne Anderson Rudnick Investment Management, LLC

Signature:	/s/Michael Shoemaker
Name/Title:	Chief Compliance Officer
Date:	08/13/2025

FAQ

How many FONR shares does Kayne Anderson Rudnick report owning?

The filing reports beneficial ownership of 544,036 shares of Fonar Corp ordinary stock.

What percentage of Fonar (FONR) does this stake represent?

The reported position represents 8.8% of the class.

Does Kayne Anderson Rudnick have voting or dispositive power over the shares?

Yes. The filer reports sole voting power and sole dispositive power for all 544,036 shares and 0 shares with shared power.

Is the filing a Schedule 13G or 13D?

This statement is filed as a Schedule 13G (amendment), indicating a passive disclosure rather than an active 13D control filing.

Does the filer state the shares were acquired to influence control of Fonar?

No. The filer 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 the issuer.

Who signed the filing on behalf of Kayne Anderson Rudnick?

The filing is signed by Michael Shoemaker, identified as Chief Compliance Officer for Kayne Anderson Rudnick Investment Management, LLC.

Was any group affiliation or shared control reported?

No. Items related to group identification and shared ownership are marked Not Applicable and the filing reports 0 shared voting and dispositive power.