Hawkeye Systems (HWKE) affiliate buys warrant on 221.9M common shares

Rhea-AI Filing Summary

Hawkeye Systems, Inc. insider filing shows an entity associated with major shareholder Martin A. Sumichrast buying a warrant linked to a very large share amount. On this Form 4, Hawkeye Holdco LLC, where Sumichrast is the sole managing member, purchased 1 warrant for Hawkeye Systems at $0.01 per warrant. This warrant is exercisable into 221,878,595 shares of common stock at an exercise price of $0.01 per share and expires on March 31, 2027. The filing notes that Sumichrast disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.

Insights

Equity ownership analyst

Entity tied to major shareholder bought a large-coverage warrant.

The Form 4 shows Hawkeye Holdco LLC, an entity managed by Martin A. Sumichrast, purchasing 1 warrant at $0.01 with the right to buy 221,878,595 shares of Hawkeye Systems common stock at the same price, expiring March 31, 2027.

The transaction is coded as an open‑market or private purchase and classified as a derivative. The filing states that Sumichrast disclaims beneficial ownership beyond his pecuniary interest, highlighting that the position is held indirectly through Hawkeye Holdco LLC rather than in his own name.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Sumichrast Martin A.

Role 10% Owner

Bought 1 shs ($0.01)

Type	Security	Shares	Price	Value
Purchase	Warrant (Right to Buy)	1	$0.01	$0.01

Holdings After Transaction: Warrant (Right to Buy) — 1 shares (Indirect, See Footnote)

Footnotes (1)

1. F1. The securities shown are owned by Hawkeye Holdco LLC, of which the Reporting Person is the sole managing member. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

Key Figures

Warrants purchased: 1 warrant Purchase price per warrant: $0.01 Underlying common shares: 221,878,595 shares +3 more

6 metrics

Warrants purchased 1 warrant Derivative purchase on June 3, 2026

Purchase price per warrant $0.01 Open-market or private purchase

Underlying common shares 221,878,595 shares Shares issuable upon exercise of the warrant

Exercise price $0.01 per share Conversion price for underlying common stock

Warrant expiration March 31, 2027 Expiration date of the warrant

Total warrants held after transaction 1 warrant Total derivative holdings reported post-transaction

Key Terms

Warrant (Right to Buy), derivative security, pecuniary interest, ten percent owner, +1 more

5 terms

Warrant (Right to Buy) financial

"Warrant (Right to Buy)"

derivative security financial

"The transaction is coded as an open‑market or private purchase and classified as a derivative."

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

pecuniary interest financial

"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein."

ten percent owner financial

"is_ten_percent_owner"

indirect ownership financial

"direct_or_indirect: "I" and nature_of_ownership: "See Footnote""

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/05/2026 - 08:00 AM Accepted by SEC EDGAR 06/05/2026 - 08:00 AM Learn about SEC filing dates

FAQ

What insider transaction did Hawkeye Systems (HWKE) report for Martin A. Sumichrast?

The filing reports an entity associated with Martin A. Sumichrast buying 1 warrant at $0.01. This warrant gives the right to purchase 221,878,595 Hawkeye Systems common shares at $0.01 per share, expiring on March 31, 2027, and is held indirectly.

Who actually owns the new Hawkeye Systems (HWKE) warrant in this Form 4?

The warrant is owned by Hawkeye Holdco LLC, not directly by Martin A. Sumichrast. He is the sole managing member of Hawkeye Holdco LLC but disclaims beneficial ownership of the securities except for his pecuniary interest, meaning the position is held through this affiliated entity.

What are the key terms of the Hawkeye Systems (HWKE) warrant purchased?

The warrant was purchased for $0.01 and is exercisable into 221,878,595 common shares at an exercise price of $0.01 per share. It is a derivative security that expires on March 31, 2027, giving long‑dated optionality on Hawkeye Systems stock.

How large is the reported Hawkeye Systems (HWKE) insider derivative position after this transaction?

After the transaction, the filing shows total holdings of 1 warrant by the indirect owner. That single warrant is linked to 221,878,595 underlying common shares, reflecting a substantial notional exposure if fully exercised at the stated $0.01 exercise price before expiration.

Does Martin A. Sumichrast fully control the Hawkeye Systems (HWKE) warrant position?

The filing notes that the securities are owned by Hawkeye Holdco LLC, where Sumichrast is sole managing member. It explicitly states he disclaims beneficial ownership of these securities except to the extent of his pecuniary interest, indicating a formal limitation on how his ownership is characterized.

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^*

Sumichrast Martin A.

(Last) (First) (Middle)

C/O HAWKEYE SYSTEMS INC.

7401 CARMEL EXECUTIVE PARK DR., STE 315

(Street)

CHARLOTTE NORTH CAROLINA 28277

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Hawkeye Systems, Inc. [ HWKE ]

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)
06/03/2026

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

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
Warrant (Right to Buy)	$0.01	06/03/2026	06/03/2026	P		1		06/03/2026	03/31/2027	Common Stock	221,878,595	$0.01	1	I	See Footnote(1)

Explanation of Responses:

1. The securities shown are owned by Hawkeye Holdco LLC, of which the Reporting Person is the sole managing member. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

	/s/ Martin Sumichrast	06/05/2026
	** 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)