Kewaunee Scientific: Minerva reports 5.2% stake

Kewaunee Scientific Corporation ownership disclosure: Minerva Advisors LLC, Minerva Group LP, Minerva GP, LP, Minerva GP, Inc., and David P. Cohen report beneficial ownership stakes in the issuer's common stock.

Rhea-AI Filing Summary

Kewaunee Scientific Corporation ownership disclosure: Minerva Advisors LLC, Minerva Group LP, Minerva GP, LP, Minerva GP, Inc., and David P. Cohen report beneficial ownership stakes in the issuer's common stock.

The filing states specific holdings: Minerva Advisors LLC and David P. Cohen are each shown as beneficial owners of 149,410 shares (5.2%), while Minerva Group LP, Minerva GP, LP and Minerva GP, Inc. each hold 103,167 shares (3.6%). The filing cites 2,870,410 shares outstanding as of 6/24/2026 from the issuer's Form 10-K.

Insights

Corporate Governance Analyst

Concentrated ownership shown across related Minerva entities and an individual reporting person.

The disclosure lists 149,410 shares for Minerva Advisors LLC and David P. Cohen and 103,167 shares for Minerva Group LP and affiliated entities, representing 5.2% and 3.6% of the outstanding common stock, respectively. These figures are tied to the issuer's reported 6/24/2026 outstanding share count.

Voting and dispositive power lines indicate both sole and shared control among the reporting persons. Subsequent filings may clarify any changes in control or coordinated voting arrangements.

Equity Ownership Specialist

Position sizes are modest but notable for a small-cap ownership profile.

The filing attributes sole voting and dispositive power over 103,167 shares to multiple Minerva entities while showing an additional 46,243 shared vote/dispositive line for Minerva Advisors LLC and Mr. Cohen. Percentages are calculated from the cited 2,870,410 shares outstanding.

Cash‑flow or trading activity is not disclosed here; this is a beneficial‑ownership snapshot per Schedule 13G/A reporting conventions.

Key Figures

Shares outstanding: 2,870,410 shares Minerva Advisors ownership: 149,410 shares David P. Cohen ownership: 149,410 shares +3 more

6 metrics

Shares outstanding 2,870,410 shares as of 6/24/2026 per issuer Form 10-K

Minerva Advisors ownership 149,410 shares beneficially owned, 5.2%

David P. Cohen ownership 149,410 shares beneficially owned, 5.2%

Minerva Group LP ownership 103,167 shares beneficially owned, 3.6%

Sole voting power (example) 103,167 shares sole power to vote listed for several reporting persons

Shared voting/dispositive power 46,243 shares shared power attributed to Minerva Advisors LLC and David P. Cohen

Key Terms

Schedule 13G/A, beneficial owner, sole dispositive power, shares outstanding

4 terms

Schedule 13G/A regulatory

"Item 1. (a) Name of issuer: Kewaunee Scientific Corporation"

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 owner financial

"Item 4. (a) Amount beneficially owned: Minerva Advisors LLC* - 149,410"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

sole dispositive power regulatory

"(iii) Sole power to dispose or to direct the disposition of: Minerva Advisors LLC* - 103,167"

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.

shares outstanding market

"Based on a total of 2,870,410 shares of the Issuer's Common Stock outstanding as of 6/24/2026"

Shares outstanding are the total number of a company’s stock units held by all shareholders, including institutional investors and company insiders — think of them as the total number of slices of the company’s ownership pie. Investors use this number to calculate how much of the company each share represents, and it directly affects per-share measures like earnings per share, ownership percentage and valuation; when the slice count changes, an investor’s claim and the company’s per-share metrics change too.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake does Minerva Advisors LLC report in KEQU?

Minerva Advisors LLC reports beneficial ownership of 149,410 shares (5.2%). This figure is shown in the filing and is computed using the issuer's reported 2,870,410 shares outstanding as of 6/24/2026 from the Form 10-K.

How many shares does David P. Cohen beneficially own in KEQU?

David P. Cohen is reported as a beneficial owner of 149,410 shares (5.2%). The filing shows Mr. Cohen has sole and shared voting and dispositive power over portions of these holdings as declared on the Schedule 13G/A.

What percentage of KEQU does Minerva Group LP hold?

Minerva Group LP is reported to beneficially own 103,167 shares, equal to 3.6% of the outstanding common stock. The filing ties this percentage to the issuer's outstanding share count of 2,870,410 as of 6/24/2026.

Does the filing show voting or dispositive power details?

Yes. The Schedule 13G/A lists both sole and shared voting and dispositive power lines: for example, 103,167 shares sole power and 46,243 shares shared power for Minerva Advisors LLC and David P. Cohen, as reported in the table.

What is the reporting basis for the outstanding share count?

The filing states the outstanding share total of 2,870,410 shares is taken from the issuer's Annual Report on Form 10-K for the period ended 4/30/2026, and the ownership percentages are calculated using the 6/24/2026 reference.

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

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Accepted by SEC EDGAR 06/29/2026 - 04:44 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 5)

Kewaunee Scientific Corporation

(Name of Issuer)

COMMON STOCK, $2.50 PAR VALUE

(Title of Class of Securities)

492854104

(CUSIP Number)

06/24/2026

(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): 492854104

1

Names of Reporting Persons

Minerva Advisors 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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 103,167.00
6	Shared Voting Power 46,243.00
7	Sole Dispositive Power 103,167.00
8	Shared Dispositive Power 46,243.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

149,410.00

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)

5.2 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP Number(s): 492854104

1

Names of Reporting Persons

Minerva Group LP

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 103,167.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 103,167.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

103,167.00

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)

3.6 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP Number(s): 492854104

1

Names of Reporting Persons

Minerva GP, LP

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 103,167.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 103,167.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

103,167.00

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)

3.6 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP Number(s): 492854104

1

Names of Reporting Persons

Minerva GP, INC.

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

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 103,167.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 103,167.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

103,167.00

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)

3.6 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

CUSIP Number(s): 492854104

1

Names of Reporting Persons

DAVID P. COHEN

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 103,167.00
6	Shared Voting Power 46,243.00
7	Sole Dispositive Power 103,167.00
8	Shared Dispositive Power 46,243.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

149,410.00

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)

5.2 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Kewaunee Scientific Corporation
(b)	Address of issuer's principal executive offices: 2700 West Front Street Statesville, North Carolina 28677-2927
Item 2.
(a)	Name of person filing: Minerva Advisors LLC Minerva Group, LP Minerva GP, LP Minerva GP, Inc. David P. Cohen
(b)	Address or principal business office or, if none, residence: 50 Monument Road, Suite 201 Bala Cynwyd, PA 19004
(c)	Citizenship: David P. Cohen is a U.S. Citizen. Minerva Advisors LLC, Minerva Group, LP, and Minerva GP, LP are organized under Delaware law. Minerva GP, Inc. is organized under Pennsylvania law.
(d)	Title of class of securities: COMMON STOCK, $2.50 PAR VALUE
(e)	CUSIP No.: 492854104
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: Minerva Advisors LLC* - 149,410 Minerva Group LP - 103,167 Minerva GP, LP* - 103,167 Minerva GP, Inc.* - 103,167 David P. Cohen* - 149,410 *Each of these reporting persons is deemed a beneficial owner of the 103,167 shares of the Issuer held by Minerva Group, LP. David P. Cohen is also deemed a beneficial owner of the 149,410 shares of the Issuer beneficially owned by Minerva Advisors LLC.
(b)	Percent of class: Minerva Advisors LLC* - 5.2% Minerva Group LP - 3.6% Minerva GP, LP* - 3.6% Minerva GP, Inc.* - 3.6% David P. Cohen* - 5.2% *Each of these reporting persons is deemed a beneficial owner of the 3.6% of the shares of the Issuer held by Minerva Group, LP. David P. Cohen is also deemed a beneficial owner of the 5.2% of the shares of the Issuer beneficially owned by Minerva Advisors LLC. Based on a total of 2,870,410 shares of the Issuer's Common Stock outstanding as of 6/24/2026, as reported in the Issuer's Annual Report on Form 10-K for the period ended 4/30/2026.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Minerva Advisors LLC* - 103,167 Minerva Group, LP - 103,167 Minerva GP, LP* - 103,167 Minerva GP, Inc.* - 103,167 David P. Cohen* - 103,167 *Each of these reporting persons is deemed a beneficial owner of the 103,167 shares of the Issuer held by Minerva Group, LP.
	(ii) Shared power to vote or to direct the vote: Minerva Advisors LLC - 46,243 David P. Cohen** - 46,243 **David P. Cohen is deemed a beneficial owner of the 46,243 shares of the Issuer beneficially owned by Minerva Advisors LLC.
	(iii) Sole power to dispose or to direct the disposition of: Minerva Advisors LLC* - 103,167 Minerva Group, LP - 103,167 Minerva GP, LP* - 103,167 Minerva GP, Inc.* - 103,167 David P. Cohen* - 103,167 *Each of these reporting persons is deemed a beneficial owner of the 103,167 shares of the Issuer held by Minerva Group, LP.
	(iv) Shared power to dispose or to direct the disposition of: Minerva Advisors LLC - 46,243 David P. Cohen** - 46,243 **David P. Cohen is deemed a beneficial owner of the 46,243 shares of the Issuer beneficially owned by Minerva Advisors LLC.
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 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 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.

Minerva Advisors LLC

Signature:	David P. Cohen
Name/Title:	President
Date:	06/29/2026

Minerva Group LP

Signature:	Minerva GP, LP
Name/Title:	General Partner
Date:	06/29/2026

Signature:	Minerva GP, Inc.
Name/Title:	General Partner
Date:	06/29/2026

Signature:	David P. Cohen
Name/Title:	President
Date:	06/29/2026

Minerva GP, LP

Signature:	Minerva GP, Inc.
Name/Title:	General Partner
Date:	06/29/2026

Signature:	David P. Cohen
Name/Title:	President
Date:	06/29/2026

Minerva GP, INC.

Signature:	David P. Cohen
Name/Title:	President
Date:	06/29/2026

DAVID P. COHEN

Signature:	David P. Cohen
Name/Title:	Individual
Date:	06/29/2026