Kustom Entertainment (KUST) investors cut reported stake to 1.4% via exit filing
Rhea-AI Filing Summary
Yield Point NY LLC and Yisroel Ari Kluger report updated beneficial ownership of Kustom Entertainment, Inc. common stock. They beneficially own 41,581 shares of common stock, all issuable upon exercise of common stock purchase warrants, representing 1.4% of the class based on 2,856,860 shares outstanding as of June 30, 2026. Voting and dispositive power over these shares is shared, with no sole voting or dispositive power reported. The filing is described as an exit filing and confirms that the reporting persons now own 5 percent or less of the outstanding common stock.
Positive
- None.
Negative
- None.
Key Figures
Beneficially owned shares: 41,581 shares
Ownership percentage: 1.4%
Shares outstanding baseline: 2,856,860 shares
+2 more
5 metrics
Beneficially owned shares
41,581 shares
Shares of Kustom Entertainment common stock issuable upon exercise of warrants
Ownership percentage
1.4%
Portion of Kustom Entertainment common stock class beneficially owned by each reporting person
Shares outstanding baseline
2,856,860 shares
Kustom Entertainment common shares outstanding as of June 30, 2026
Shared voting power
41,581.00
Number of shares over which each reporting person has shared voting power
Sole voting power
0.00
Number of shares over which each reporting person has sole voting power
Key Terms
beneficial ownership, Rule 13d-3, Sole Voting Power, Shared Dispositive Power, +2 more
6 terms
beneficial ownership financial
"The ownership percentages reported are based on 2,856,860 shares... Beneficial ownership consists of an aggregate of 41,581 shares"
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.
Rule 13d-3 regulatory
"By reason of the provisions of Rule 13d-3 of the Act, Mr. Kluger may be deemed to beneficially own the Shares"
Rule 13d-3 defines who is treated as the beneficial owner of a company’s shares for U.S. securities disclosure rules — essentially anyone who has the power to vote or direct how shares are voted, or the power to buy or sell them, even if they don’t hold the certificates. For investors this matters because crossing certain ownership thresholds triggers public filing and disclosure obligations and signals potential control or influence, much like having the keys to a car implies you can drive it even if it’s registered to someone else.
Sole Voting Power financial
"5 | Sole Voting Power 0.00 6 | Shared Voting Power 41,581.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
Joint Filing Agreement regulatory
"The Reporting Persons have entered into a Joint Filing Agreement, a copy of which is filed as Exhibit 1"
exit filing regulatory
"Comment for : This constitutes an exit filing for the reporting person"
FAQ
What ownership in KUST does Yield Point NY LLC report in this Schedule 13G/A?
Yield Point NY LLC reports beneficial ownership of 41,581 KUST common shares, all issuable upon exercise of warrants, representing 1.4% of the outstanding common stock based on 2,856,860 shares as of June 30, 2026.
How much of Kustom Entertainment (KUST) is beneficially owned by Yisroel Ari Kluger?
Yisroel Ari Kluger may be deemed to beneficially own 41,581 KUST shares, or 1.4% of the class, through his role as director of Yield Point NY LLC, which directly holds the warrants exercisable for these shares.
What does the exit filing status mean in this KUST Schedule 13G/A amendment?
The amendment states it constitutes an exit filing for the reporting persons, indicating their reported beneficial ownership is now 5 percent or less of Kustom Entertainment’s common stock, with current ownership at 1.4% of the class.
AI-generated analysis. How Rhea-AI works. Not financial advice.