Hawkeye Systems (HWKE) insider-linked LLC exercises 218.9M shares via warrant

Rhea-AI Filing Summary

Hawkeye Systems, Inc. director and ten percent owner Martin A. Sumichrast reported an indirect exercise of derivative securities through Hawkeye Holdco LLC. The filing shows the exercise of rights into 218,952,662 shares of Common Stock at $0.01 per share, increasing indirect holdings to 242,017,296 Common shares.

The report also lists a remaining Warrant (Right to Buy) with an exercise price of $0.01 per share, expiring on March 31, 2027, tied to 221,878,595 underlying Common shares. A footnote explains these securities are owned by Hawkeye Holdco LLC, where Sumichrast is the sole managing member, and he disclaims beneficial ownership except to the extent of his pecuniary interest.

Insights

Equity compensation & insider activity analyst

Large warrant exercise into common stock, indirectly held via an LLC.

The Form 4 shows Hawkeye Holdco LLC, associated with director and ten percent owner Martin A. Sumichrast, exercising derivative rights into 218,952,662 shares of Common Stock at $0.01 per share. This is coded as an exercise or conversion of a derivative security, not an open‑market purchase or sale.

Following the transaction, indirect holdings are reported as 242,017,296 Common shares, and one warrant remains with an exercise price of $0.01 and a March 31, 2027 expiration, tied to 221,878,595 underlying Common shares. The footnote states these securities are owned by Hawkeye Holdco LLC and that Sumichrast disclaims beneficial ownership beyond his pecuniary interest, indicating entity‑level ownership rather than direct personal holdings.

Insider Trade Summary

1 shares exercised/converted

Mixed 2 txns

Insider Sumichrast Martin A.

Role null

Type	Security	Shares	Price	Value
Exercise	Warrant (Right to Buy)	1	$0.01	$0.01
Exercise	Common Stock	218,952,662	$0.01	$2.19M

Holdings After Transaction: Warrant (Right to Buy) — 1 shares (Indirect, See Footnote); Common Stock — 242,017,296 shares (Indirect, See Footnote)

Footnotes (1)

1. [object Object]

Key Figures

Common shares acquired via exercise: 218,952,662 shares Exercise price: $0.01/share Common shares held after: 242,017,296 shares +3 more

6 metrics

Common shares acquired via exercise 218,952,662 shares Non-derivative Common Stock acquired at $0.01 per share

Exercise price $0.01/share Price for exercised Common Stock and warrant

Common shares held after 242,017,296 shares Indirect Common Stock holdings following the transaction

Remaining warrant units 1 warrant Warrant (Right to Buy) still held after exercise

Underlying shares on warrant 221,878,595 shares Common Stock underlying remaining warrant at $0.01 exercise price

Warrant expiration March 31, 2027 Expiration date of remaining Warrant (Right to Buy)

Key Terms

Warrant (Right to Buy), derivative security, pecuniary interest

3 terms

Warrant (Right to Buy) financial

"The report also lists a remaining Warrant (Right to Buy) with an exercise price"

derivative security financial

"This is coded as an exercise or conversion of a derivative security, not an open‑market purchase"

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

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

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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^*

Sumichrast Martin A.

(Last) (First) (Middle)

C/O HAWKEYE SYSTEMS INC.

7401 CARMEL EXECUTIVE PARK DRIVE, # 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)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026

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
Common Stock	06/11/2026		M		218,952,662	A	$0.01	242,017,296	I	See Footnote(1)

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	06/11/2026		M			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	06/12/2026
	** 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 insider transaction did Hawkeye Systems (HWKE) report in this Form 4?

The Form 4 reports an indirect exercise of derivative securities into 218,952,662 shares of Hawkeye Systems Common Stock at $0.01 per share. These shares are held through Hawkeye Holdco LLC, which is associated with director and ten percent owner Martin A. Sumichrast.

How many Hawkeye Systems (HWKE) shares does the insider hold after the transaction?

After the reported exercise, indirect holdings stand at 242,017,296 shares of Hawkeye Systems Common Stock. All of these shares are reported as owned by Hawkeye Holdco LLC, with Martin A. Sumichrast disclaiming beneficial ownership except for his pecuniary interest.

What are the key terms of the remaining warrant reported for Hawkeye Systems (HWKE)?

The filing lists one remaining Warrant (Right to Buy) with an exercise price of $0.01 per share. It expires on March 31, 2027 and is tied to 221,878,595 underlying shares of Hawkeye Systems Common Stock, all held indirectly.

Is the Hawkeye Systems (HWKE) Form 4 an open-market stock purchase or sale?

No, the transactions are coded as M, meaning an exercise or conversion of a derivative security. The insider acquired Common Stock by exercising derivative rights at $0.01 per share, rather than buying or selling shares in the open market.

Who actually owns the Hawkeye Systems (HWKE) securities reported in this Form 4?

The securities are owned by Hawkeye Holdco LLC, where Martin A. Sumichrast is the sole managing member. A footnote states he disclaims beneficial ownership of these securities except to the extent of his pecuniary interest in the LLC.