Gate City Capital files 13G/A on 788,880 IPI shares (IPI)

Rhea-AI Filing Summary

Intrepid Potash Inc. Schedule 13G/A amendment shows Gate City Capital Management, LLC and Michael Melby report beneficial ownership of 788,880 common shares of Intrepid Potash Inc., representing 5.9% of the class.

The filing, styled as Amendment No. 2 and signed 03/02/2026, states the reporting persons are filing under Rule 13d-1(h) because the shares are no longer held with the intent to change or influence control of the issuer.

Insights

Corporate Governance Analyst

Amendment reclassifies ownership as non-control; stake is 788,880 shares (5.9%).

The filing confirms Gate City Capital Management, LLC and Michael Melby beneficially own 788,880 common shares and report sole voting and dispositive power over those shares. The filing references Rule 13d-1(h) and states the position is no longer held with control intent.

This change is procedural under the rule; subsequent disclosures would show any change in intent or holdings. Timing and cash-flow treatment are not stated in the provided excerpt.

Securities Compliance Specialist

Amendment aligns prior Schedule filings with non-control status under Rule 13d-1(h).

The filing operates as Amendment No. 2 to the previously filed Schedule (Amendment 5 filed 01/13/2026) and documents that the reporting persons no longer possess control intent. It lists sole voting and dispositive power of 788,880 shares.

Regulatory effect is administrative: it updates beneficial ownership and intent status. Future filings would reflect any material change in holdings or control intent.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Intrepid Potash Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

02/26/2026

(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 Number(s):

1

Names of Reporting Persons

Gate City Capital Management, LLC

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

ILLINOIS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 788,880.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 788,880.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

788,880.00

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)

5.9 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: This Schedule 13G (this "Schedule 13G") is being filed in accordance with Rule 13d-1(h), which states that any person who has filed a Schedule 13D may again report its beneficial ownership on Schedule 13G so long as the shares are no longer held with the effect of changing or influencing the control of the issuer. As of the date of the event, the reporting person no longer holds the shares with control intent. Accordingly, this Schedule 13G, Amendment 2, operates as an amendment to the reporting person's previously filed Schedule D, Amendment 5, filed on January 13, 2026.

SCHEDULE 13G

CUSIP Number(s):

1

Names of Reporting Persons

Michael Melby

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

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 788,880.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 788,880.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

788,880.00

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)

5.9 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: This Schedule 13G is being filed on behalf of Gate City Capital Management, LLC, an Illinois limited liability company (the "Management Company") and Michael Melby. Mr. Melby serves as the managing member of the Management Company. The Management Company serves as an adviser to certain private investment funds and managed accounts (the "Funds"). This Schedule 13G relates to Common Shares (the "Common Shares") of the Issuer held by the Funds. This Schedule 13G is being filed in accordance with Rule 13d-1(h), which states that any person who has filed a Schedule 13D may again report its beneficial ownership on Schedule 13G so long as the shares are no longer held with the effect of changing or influencing the control of the issuer. As of the date of the event, the reporting person no longer holds the shares with control intent. Accordingly, this Schedule 13G, Amendment 2, operates as an amendment to the reporting person's previously filed Schedule D, Amendment 5, filed on January 13, 2026.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Intrepid Potash Inc.
(b)	Address of issuer's principal executive offices: 707 17TH STREET, SUITE 4200, DENVER, CO, 80202
Item 2.
(a)	Name of person filing: Gate City Capital Management, LLC
(b)	Address or principal business office or, if none, residence: 8725 W. Higgins Road, Suite 530, Chicago, IL 60631
(c)	Citizenship: United States
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 46121Y201
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: 788880
(b)	Percent of class: 5.90%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 788880
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 788880
	(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.

Gate City Capital Management, LLC

Signature:	/s/ Michael Melby
Name/Title:	Michael Melby, Managing Member
Date:	03/02/2026

Michael Melby

Signature:	/s/ Michael Melby
Name/Title:	Michael Melby, Managing Member
Date:	03/02/2026

FAQ

What stake does Gate City Capital report in Intrepid Potash (IPI)?

Gate City Capital reports beneficial ownership of 788,880 common shares, representing 5.9% of the class. The filing shows sole voting and dispositive power over those shares and is filed as Amendment No. 2.

Why was this Schedule 13G/A amendment filed for IPI?

The amendment was filed under Rule 13d-1(h) to report that the shares are no longer held with the intent to change or influence control. The filing restates ownership and the change in control intent.

Who is the reporting person on the filing for IPI?

The filing lists Gate City Capital Management, LLC and Michael Melby; Mr. Melby is named as Managing Member and signed the amendment dated 03/02/2026.

What class of securities and CUSIP are covered in the IPI filing?

The amendment covers Common Stock of Intrepid Potash Inc. and cites CUSIP 46121Y201. The issuer's principal executive office address is listed in Denver, Colorado.

Does the filing indicate any shared voting power for the IPI stake?

No; the filing states shared voting power: 0 and shared dispositive power: 0, with sole voting and dispositive power reported over 788,880 shares.