Gate City Capital (IPI) discloses 224,275 shares (1.70%) in amended 13G

Rhea-AI Filing Summary

Intrepid Potash Inc. filing: Gate City Capital Management, LLC and Michael Melby report beneficial ownership of 224,275 shares of Common Stock, representing 1.70% of the class. This filing is an Amendment No. 3 to the Schedule 13G and is signed by Michael Melby on 05/15/2026.

The disclosure states the Management Company and Mr. Melby hold sole voting and sole dispositive power over the 224,275 shares. The address of the filer and issuer principal office are included in the filing.

Insights

Institutional Ownership Analyst

Small passive stake disclosed: 224,275 shares (1.70%).

The Schedule 13G/A amendment lists 224,275 shares and 1.70% ownership, indicating a sub‑5% passive position by Gate City Capital Management and Michael Melby. The filing records sole voting and dispositive power for those shares.

Cash‑flow treatment or plans for disposition are not included in the excerpt; subsequent filings would state any changes to ownership or strategy.

Governance & Compliance Specialist

Amendment confirms reporting mechanics and ownership attribution.

The amendment format attributes holdings to Gate City Capital Management, LLC and reports Mr. Melby as managing member, consistent with trustee/manager attribution practices. Signatures dated 05/15/2026 complete the amendment.

Any material change above 5% or trading plans would require new disclosures in subsequent filings.

Key Figures

Beneficial ownership: 224,275 shares Percent of class: 1.70% Signature date: 05/15/2026 +1 more

4 metrics

Beneficial ownership 224,275 shares Amount beneficially owned per Schedule 13G/A

Percent of class 1.70% Percent of Common Stock reported

Signature date 05/15/2026 Date the amendment was signed by Michael Melby

Reporting period header 03/31/2026 Date shown in header of the amendment

Key Terms

Schedule 13G/A, beneficial ownership, sole dispositive power

3 terms

Schedule 13G/A regulatory

"Amendment No. 3 ) Intrepid Potash Inc. Common Stock"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

beneficial ownership regulatory

"Item 4. | Ownership (a) | Amount beneficially owned: 224275"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

sole dispositive power regulatory

"7 | Sole Dispositive Power 224,275.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

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

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Accepted by SEC EDGAR 05/15/2026 - 04:05 PM Learn about SEC filing dates

FAQ

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

Gate City Capital reports beneficial ownership of 224,275 shares, equal to 1.70% of the common stock. The Schedule 13G/A amendment attributes sole voting and dispositive power over these shares to the Management Company and Michael Melby, and is signed on 05/15/2026.

Who is listed as the reporting person on the Schedule 13G/A for IPI?

The filing lists Gate City Capital Management, LLC as the reporting person and Michael Melby as managing member. The document gives the filer’s address as 8725 W. Higgins Road, Suite 530, Chicago, IL 60631 and cites Mr. Melby’s signature date of 05/15/2026.

Does the filing indicate active trading or an intent to sell IPI shares?

No trading intent or disposition plan is disclosed in the amendment. The Schedule 13G/A lists ownership and voting/dispositive power only; it does not describe any planned sales, purchases, or cash‑flow treatment for the 224,275 shares.

When was the Schedule 13G/A amendment signed for the IPI disclosure?

The amendment is signed by Michael Melby, Managing Member, with signature dates shown as 05/15/2026. The header also references 03/31/2026, which appears as the reporting period in the document header.

Does the filing show shared voting or dispositive power for the IPI shares?

No; the filing reports 0 shared voting power and 0 shared dispositive power. It indicates the filer has sole voting power and sole dispositive power over the 224,275 shares reported (1.70%).

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

Intrepid Potash Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

46121Y201

(CUSIP Number)

03/31/2026

(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)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 46121Y201

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 224,275.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 224,275.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

224,275.00

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)

1.7 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP Number(s): 46121Y201

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 224,275.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 224,275.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

224,275.00

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)

1.7 %

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.

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: 224275
(b)	Percent of class: 1.70%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 224275
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 224275
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
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:	05/15/2026

Michael Melby

Signature:	/s/ Michael Melby
Name/Title:	Michael Melby, Managing Member
Date:	05/15/2026