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Hawkeye Systems (HWKE) director sells 1.2M shares in open-market trade

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Hawkeye Systems director and 10% owner Marshall Corby reported a major open-market sale of common stock. On June 2, 2026, he sold 1,200,000 shares of Hawkeye Systems, Inc. common stock at $0.15 per share, an open-market or private transaction. After this sale, he directly holds 2,794,675 common shares.

The filing also reports an earlier compensation-related event. On October 1, 2025, Corby acquired 500,000 common shares as a grant or award at a reported price of $0.10 per share, increasing his holdings at that time. A footnote explains that the current Form 4 corrects the number of securities beneficially owned before the June 2, 2026 transaction that had been shown in the preceding Form 4.

Positive

  • None.

Negative

  • None.

Insights

Form 4 shows a large net sale, but the insider still holds a sizable stake.

The filing highlights an open-market sale by director and 10% owner Marshall Corby of 1,200,000 shares of Hawkeye Systems, Inc. common stock at $0.15 per share. This is a strong-signal transaction because it is an active open-market disposition rather than a mechanical tax or award entry.

After the sale, Corby continues to hold 2,794,675 shares directly, so the trade reduces but does not eliminate his equity exposure. The filing also records a prior grant/award acquisition of 500,000 shares at $0.10 per share on October 1, 2025 and notes a correction to previously reported beneficial ownership, emphasizing accurate share counts.

Insider Marshall Corby
Role null
Sold 1,200,000 shs ($180K)
Type Security Shares Price Value
Sale Common Stock 1,200,000 $0.15 $180K
Grant/Award Common Stock 500,000 $0.10 $50K
Holdings After Transaction: Common Stock — 2,794,675 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Shares sold 1,200,000 shares Common stock sold on June 2, 2026 in open-market or private transaction
Sale price $0.15 per share Price for 1,200,000 common shares sold on June 2, 2026
Shares held after sale 2,794,675 shares Direct ownership of Hawkeye Systems common stock following June 2, 2026 sale
Grant shares 500,000 shares Common stock granted or awarded on October 1, 2025
Grant price $0.10 per share Reported price for 500,000-share grant on October 1, 2025
Net shares sold 1,200,000 shares NetBuySellShares from transaction summary indicating net-sell direction
open-market sale financial
"transaction_action: "open-market sale" for 1,200,000 common shares at $0.15 per share"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
grant/award acquisition financial
"transaction_action: "grant/award acquisition" for 500,000 common shares at $0.10 per share"
beneficially owned financial
"footnote notes it corrects the number of securities "beneficially owned" prior to the June 2, 2026 transaction"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
10% owner financial
"reportingPersons data shows Marshall Corby flagged as a "ten percent owner" of the issuer"
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SEC Form 4
FORM 4UNITED 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*
Marshall Corby

(Last)(First)(Middle)
C/O HAWKEYE SYSTEMS INC.
7401 CARMEL EXECUTIVE PARK DR, SUITE 315

(Street)
CHARLOTTE NORTH CAROLINA 28226

(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)
XDirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock10/01/2025A500,000A$0.13,994,675(1)D
Common Stock06/02/2026S1,200,000D$0.152,794,675D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. This number corrects the number of securities beneficially owned prior to the June 2, 2026 transaction, previously reported in the Reporting Person's Form 4 preceding this form here.
/s/ Corby Marshall06/04/2026
** Signature of Reporting PersonDate
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 transaction did Hawkeye Systems (HWKE) report for Marshall Corby?

Hawkeye Systems reported that director and 10% owner Marshall Corby sold 1,200,000 common shares on June 2, 2026. The sale was an open-market or private transaction at $0.15 per share, according to the Form 4 filing.

At what price did Marshall Corby sell Hawkeye Systems (HWKE) shares?

Marshall Corby sold 1,200,000 Hawkeye Systems common shares at a reported price of $0.15 per share. The Form 4 describes this as a sale in open market or private transaction, providing specific pricing for the disposed shares.

How many Hawkeye Systems (HWKE) shares does Marshall Corby hold after the reported sale?

Following the June 2, 2026 transaction, Marshall Corby directly holds 2,794,675 common shares of Hawkeye Systems, Inc. This post-transaction figure reflects his remaining ownership after selling 1,200,000 shares at $0.15 per share, as disclosed in the Form 4.

Did Marshall Corby previously acquire Hawkeye Systems (HWKE) shares in a grant or award?

Yes. On October 1, 2025, Marshall Corby acquired 500,000 common shares of Hawkeye Systems through a grant or award. The transaction used a reported price of $0.10 per share, increasing his holdings at that time, according to the Form 4 record.

Does the Hawkeye Systems (HWKE) Form 4 mention any correction to prior ownership figures?

The Form 4 includes a footnote stating that it corrects the number of securities beneficially owned prior to the June 2, 2026 transaction. It explains that the previously reported beneficial ownership in the prior Form 4 needed adjustment to reflect the accurate share count.

What is the net effect of Marshall Corby’s recent Hawkeye Systems (HWKE) transactions?

The transactions show a net sale of 1,200,000 shares. Corby previously received a 500,000-share grant at $0.10 on October 1, 2025, and later sold 1,200,000 shares at $0.15, leaving him with 2,794,675 common shares held directly.