Large warrant purchase in Hawkeye Systems (HWKE) by 10% holder

Rhea-AI Filing Summary

Hawkeye Systems, Inc. reported that major shareholder Hawkeye HoldCo LLC, a more than 10% owner, bought a derivative security tied to its stock. On June 3, 2026, the holder made an open-market purchase of 1 warrant at $0.01 per warrant. This warrant gives the right to buy 221,878,595 shares of Hawkeye Systems common stock at an exercise price of $0.01 per share until March 31, 2027. After this transaction, the filing shows Hawkeye HoldCo LLC directly holding this single warrant position.

Insights

Equity ownership analyst

Large warrant-linked stake acquired cheaply in a single transaction.

Hawkeye HoldCo LLC, a more than 10% owner of Hawkeye Systems, executed an open-market purchase of one warrant priced at $0.01. That warrant is structurally significant because it is exercisable into 221,878,595 shares of common stock at an exercise price of $0.01 per share.

The warrant, expiring on March 31, 2027, is the only derivative position visible in this filing, as the derivative summary is empty beyond this transaction. Actual effects for existing shareholders will depend on whether, when, and to what extent the holder chooses to exercise the warrant over its life.

Insider Trade Summary

Net Buyer: 1 shares ($0)

Net Buy 1 txn

Insider Hawkeye HoldCo LLC

Role null

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 (Direct, null)

Footnotes (1)

Key Figures

Warrants purchased: 1 warrant Warrant purchase price: $0.01 per warrant Underlying common shares: 221,878,595 shares +4 more

7 metrics

Warrants purchased 1 warrant Open-market derivative purchase on June 3, 2026

Warrant purchase price $0.01 per warrant Transaction price for the derivative security

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

Warrant exercise price $0.01 per share Exercise price for underlying Hawkeye Systems common stock

Warrant expiration date March 31, 2027 Expiration of right to exercise the warrant

Derivative transactions in filing 1 derivative transaction All transactions in this Form 4 are derivative-type

Net buy-sell shares 1 net share-equivalent bought Net direction of reported transactions is net-buy

Key Terms

Warrant (Right to Buy), open-market purchase, underlying security title, exercise price, +1 more

5 terms

Warrant (Right to Buy) financial

"security_title: "Warrant (Right to Buy)""

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.

underlying security title financial

"underlying_security_title: "Common Stock""

exercise price financial

"conversion_or_exercise_price: "0.0100""

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

derivative security financial

"transaction_type: "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.

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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^*

Hawkeye HoldCo LLC

(Last) (First) (Middle)

C/O HAWKEYE SYSTEMS INC.

7401 CARMEL EXECUTIVE PARK DR., STE 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)

	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	D

Explanation of Responses:

	/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)

FAQ

What transaction did Hawkeye HoldCo LLC report in Hawkeye Systems (HWKE) stock?

Hawkeye HoldCo LLC reported buying one warrant for Hawkeye Systems common stock. The warrant cost $0.01 and gives the right to purchase 221,878,595 shares of common stock, according to the Form 4 insider filing.

Is Hawkeye HoldCo LLC an insider or major shareholder of Hawkeye Systems (HWKE)?

Hawkeye HoldCo LLC is identified as a more than 10% owner of Hawkeye Systems. This status makes it a statutory insider for reporting purposes and requires disclosure of its transactions on Form 4 with the SEC.

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

The reported warrant has an exercise price of $0.01 per share, is exercisable into 221,878,595 shares of Hawkeye Systems common stock, and carries an expiration date of March 31, 2027, as disclosed in the filing.

Was the Hawkeye Systems (HWKE) warrant transaction a buy or a sell?

The Form 4 shows the transaction as an open-market purchase of a derivative security. It is coded as a P transaction and described as an open-market purchase of one warrant by Hawkeye HoldCo LLC.

What holdings does Hawkeye HoldCo LLC show after this Hawkeye Systems (HWKE) warrant trade?

Following the reported transaction, the filing lists 1 warrant held directly by Hawkeye HoldCo LLC. That warrant is linked to 221,878,595 underlying common shares and represents the derivative position visible in this specific Form 4.

When does the newly purchased Hawkeye Systems (HWKE) warrant expire?

The warrant purchased by Hawkeye HoldCo LLC expires on March 31, 2027. Until that date, it provides the right, but not the obligation, to buy 221,878,595 Hawkeye Systems common shares at $0.01 per share.