First Wilshire exits Gulf Island Fabrication (GIFI) with reported 0% stake

Rhea-AI Filing Summary

Gulf Island Fabrication Inc. is the subject of an amended ownership report by First Wilshire Securities Management, Inc. In this Schedule 13G/A (Amendment No. 6), First Wilshire reports beneficial ownership of 0 shares of the company’s common stock, representing 0.0% of the class.

The filing shows First Wilshire has no sole or shared voting power and no sole or shared dispositive power over any Gulf Island Fabrication shares. The reported event date is 01/20/2026, and the certification states the securities referenced were acquired and held in the ordinary course of business, not to change or influence control of the issuer.

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Accepted by SEC EDGAR 02/11/2026 - 07:59 PM Learn about SEC filing dates

FAQ

What does First Wilshire’s Schedule 13G/A say about its GIFI holdings?

The Schedule 13G/A shows First Wilshire Securities Management, Inc. now beneficially owns 0 shares of Gulf Island Fabrication Inc., representing 0.0% of the class, with no sole or shared voting or dispositive power over any shares.

Who filed the amended Schedule 13G/A related to GIFI and when was the event?

First Wilshire Securities Management, Inc. filed the amended Schedule 13G/A for Gulf Island Fabrication Inc. The filing relates to an event dated 01/20/2026, and the certification was signed by CEO Howard Lu on 02/10/2026.

What percentage of Gulf Island Fabrication (GIFI) does First Wilshire report owning?

First Wilshire reports beneficial ownership of 0.0% of Gulf Island Fabrication Inc.’s class of securities. The filing lists 0 shares for sole voting power, shared voting power, sole dispositive power, and shared dispositive power, indicating no current reportable position.

What is the main purpose of this Schedule 13G/A for Gulf Island Fabrication (GIFI)?

This Schedule 13G/A (Amendment No. 6) updates First Wilshire’s beneficial ownership in Gulf Island Fabrication Inc. It confirms ownership is now 0 shares, or 0.0% of the class, and includes a certification regarding ordinary-course investment and non-control intent.

Where is First Wilshire, the GIFI Schedule 13G/A filer, based?

First Wilshire Securities Management, Inc., the filer for the Gulf Island Fabrication Inc. Schedule 13G/A, lists its principal business office at 1214 East Green Street, Suite 104, Pasadena, CA 91106, and states its citizenship or place of organization as California.

What certification does First Wilshire make in the GIFI Schedule 13G/A?

First Wilshire certifies the referenced 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 Gulf Island Fabrication Inc., except in connection with a nomination under Rule 240.14a-11.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 6)

GULF ISLAND FABRICATION INC

(Name of Issuer)

COM

(Title of Class of Securities)

402307102

(CUSIP Number)

01/20/2026

(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. 402307102

1

Names of Reporting Persons

First Wilshire Securities Management, 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

CALIFORNIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

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)

0.0 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: GULF ISLAND FABRICATION INC
(b)	Address of issuer's principal executive offices: 2170 BUCKTHORNE PL, SUITE 420, THE WOODLANDS, TX 77380
Item 2.
(a)	Name of person filing: First Wilshire Securities Management, Inc.
(b)	Address or principal business office or, if none, residence: 1214 East Green Street, Suite 104, Pasadena, CA 91106
(c)	Citizenship: California
(d)	Title of class of securities: COM
(e)	CUSIP No.: 402307102
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: 0
(b)	Percent of class: 0.0 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
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.

First Wilshire Securities Management, Inc.

Signature:	Howard Lu
Name/Title:	CEO
Date:	02/10/2026