STOCK TITAN

[Form 4] LENDWAY, INC. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4

Nicholas J. Swenson, a Director and reported 10% owner of Lendway, Inc. (LDWY), reported transactions dated 09/30/2025. He disposed of 3,300 shares of common stock and, following that transaction, beneficially owns 139,444 shares in total (held indirectly through entities including AO Partners I, L.P. with 60,284 shares and Groveland Capital LLC with 11,428 shares). Separately, Mr. Swenson acquired 1,008 Common Stock Equivalents under the company’s Director Deferred Compensation Plan at an indicated per-equivalent amount of $5.4523, bringing his reported derivative-equivalent holdings to 11,597 Common Stock Equivalents. The filing notes the parties may be part of a Section 13(d) group that collectively owns more than 10% of the outstanding common stock. The Form is signed on 10/02/2025.

Nicholas J. Swenson, un Director e segnalato 10% proprietario di Lendway, Inc. (LDWY), ha riportato operazioni datate 30/09/2025. Ha disposto di 3.300 azioni ordinarie e, a seguito di tale operazione, detiene in totale 139.444 azioni (possedute indirettamente tramite entità tra cui AO Partners I, L.P. con 60.284 azioni e Groveland Capital LLC con 11.428 azioni). Separatamente, il Signor Swenson ha acquisito 1.008 equivalenti di azioni ordinarie sotto il piano di compensazione differita per i direttori della società, a un importo per equivalente indicato di 5,4523 USD, portando le sue partecipazioni derivate a 11.597 equivalenti di azioni ordinarie. La dichiarazione nota che le parti potrebbero far parte di un gruppo della Sezione 13(d) che nel complesso possiede più del 10% delle azioni ordinarie in circolazione. Il modulo è firmato il 02/10/2025.

Nicholas J. Swenson, un Director y propietario reportado del 10% de Lendway, Inc. (LDWY), reportó transacciones con fecha 30/09/2025. Disposó de 3.300 acciones comunes y, tras esa operación, posee en total 139.444 acciones (poseídas indirectamente a través de entidades que incluyen AO Partners I, L.P. con 60.284 acciones y Groveland Capital LLC con 11.428 acciones). Por separado, el Sr. Swenson adquirió 1.008 Equivalentes de Acciones Comunes bajo el Plan de Compensación Diferida para Directores de la empresa, a un importe por equivalente indicado de $5,4523, llevando sus holdings derivados a 11.597 Equivalentes de Acciones Comunes. La presentación señala que las partes pueden formar parte de un grupo de la Sección 13(d) que posee colectivamente más del 10% de las acciones comunes en circulación. El formulario está firmado el 02/10/2025.

Nicholas J. Swenson님은 Lendway, Inc. (LDWY)의 이사이자 10% 보유자로 보고된 거래를 2025-09-30자로 보고했습니다. 그는 보통주 3,300주를 처분했고, 그 후 총 139,444주를 지분적으로 소유하게 되었으며 이는 A0 Partners I, L.P.60,284주와 Groveland Capital LLC11,428주를 포함한 엔티티를 통해 간접 보유한 것입니다. 별도로 Swenson 씨는 회사의 이사회 보상 계획에 따라 1,008주당 주식 등가물(Common Stock Equivalents)을 취득했고, 등가물당 금액은 5.4523달러로 명시되어 파생적 등가 보유를 11,597주로 늘렸습니다. 신고서는 당사자들이 13(d) 섹션 그룹의 일부일 수 있으며, 이 그룹이 합쳐 발행 주식의 10% 이상을 보유하고 있을 수 있다고 밝힙니다. 양식은 2025-10-02에 서명되었습니다.

Nicholas J. Swenson, un Directeur et propriétaire déclaré à 10% de Lendway, Inc. (LDWY), a signalé des transactions datées du 30/09/2025. Il a cédé 3.300 actions ordinaires et, après cette opération, détient au total 139.444 actions (détenues indirectement via des entités incluant AO Partners I, L.P. avec 60.284 actions et Groveland Capital LLC avec 11.428 actions). Séparément, M. Swenson a acquis 1.008 équivalents d’actions ordinaires dans le cadre du Plan de compensation différée du Directeur de l’entreprise, à un montant par équivalent indiqué de 5,4523 $, portant ses positions dérivées à 11.597 équivalents d’actions ordinaires. Le dépôt note que les parties pourraient faire partie d’un groupe de la Section 13(d) qui détient collectivement plus de 10% des actions ordinaires en circulation. Le formulaire est signé le 02/10/2025.

Nicholas J. Swenson, ein Director und gemeldeter 10%-Eigentümer von Lendway, Inc. (LDWY), meldete Transaktionen mit Datum 30.09.2025. Er veräußerte 3.300 Stammaktien und besitzt danach insgesamt 139.444 Aktien (indirekt gehalten über Entitäten, darunter AO Partners I, L.P. mit 60.284 Aktien und Groveland Capital LLC mit 11.428 Aktien). Separat erwarb Herr Swenson 1.008 Stammaktienäquivalente im Rahmen des Director Deferred Compensation Plans des Unternehmens zu einem angegebenen Äquivalenzbetrag von 5,4523 $, wodurch seine derivativen Äquivalente auf 11.597 Stammaktienäquivalente steigen. Die Einreichung weist darauf hin, dass die Parteien Teil einer Section-13(d)-Gruppe sein könnten, die zusammen mehr als 10% der umlaufenden Stammaktien besitzt. Das Formular ist am 02.10.2025 unterschrieben.

Nicholas J. Swenson، مدير ومُبلغ عن امتلاكه 10% من Lendway, Inc. (LDWY)، أبلغ عن معاملات بتاريخ 30/09/2025. لقد باع 3,300 سهمًا من الأسهم العادية وبذلك يملك إجمالاً 139,444 سهمًا (يملكها بشكل غير مباشر من خلال كيانات تشمل AO Partners I, L.P. مع 60,284 سهمًا و Groveland Capital LLC مع 11,428 سهمًا). على نحو منفصل، اشترى السيد Swenson 1,008 مكافئًا للسهم العادي بموجب خطة التعويض المؤجل للمديرين في الشركة وبمبلغ مُحدّد لكل مكافئ قدره 5.4523 دولار، مما رفع حصصه من الأسهم المشتقة إلى 11,597 مكافئًا للسهم العادي. تشير العريضة إلى أن الأطراف قد تكون جزءًا من مجموعة القسم 13(d) التي تمتلك جماعيًا أكثر من 10% من الأسهم العادية القائمة. تم توقيع النموذج في 02/10/2025.

Nicholas J. Swenson,Lendway, Inc.(LDWY)的董事及披露的 10% 所有者,报告日期为 2025/09/30 的交易。他处置了 3,300 股普通股,之后合计直接持有 139,444 股(通过包括 A0 Partners I, L.P. 持有的 60,284 股和 Groveland Capital LLC 持有的 11,428 股等实体间接持有)。另外,Swenson 先生在公司的董事Deferred Compensation Plan(董事延期补偿计划)下获得了 1,008 股普通股等价物(Common Stock Equivalents),每个等价物金额为 5.4523 美元,使其派生等价持股增至 11,597 股普通股等价物。申报指出各方可能属于第 13(d) 条款下的一组,合计持有超过 10% 的在外普通股。表格在 2025/10/02 签署。

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Insights

Insider sold 3,300 shares and received 1,008 deferred stock equivalents.

The reported 3,300 share disposal lowers direct holdings while the 1,008 Common Stock Equivalents reflect compensation deferred under the Director Deferred Compensation Plan and are recorded at $5.4523 per equivalent.

The filing shows total beneficial ownership of 139,444 shares and notes a Section 13(d) group owning more than 10%, which is material for ownership disclosure and potential collective voting influence.

Nicholas J. Swenson, un Director e segnalato 10% proprietario di Lendway, Inc. (LDWY), ha riportato operazioni datate 30/09/2025. Ha disposto di 3.300 azioni ordinarie e, a seguito di tale operazione, detiene in totale 139.444 azioni (possedute indirettamente tramite entità tra cui AO Partners I, L.P. con 60.284 azioni e Groveland Capital LLC con 11.428 azioni). Separatamente, il Signor Swenson ha acquisito 1.008 equivalenti di azioni ordinarie sotto il piano di compensazione differita per i direttori della società, a un importo per equivalente indicato di 5,4523 USD, portando le sue partecipazioni derivate a 11.597 equivalenti di azioni ordinarie. La dichiarazione nota che le parti potrebbero far parte di un gruppo della Sezione 13(d) che nel complesso possiede più del 10% delle azioni ordinarie in circolazione. Il modulo è firmato il 02/10/2025.

Nicholas J. Swenson, un Director y propietario reportado del 10% de Lendway, Inc. (LDWY), reportó transacciones con fecha 30/09/2025. Disposó de 3.300 acciones comunes y, tras esa operación, posee en total 139.444 acciones (poseídas indirectamente a través de entidades que incluyen AO Partners I, L.P. con 60.284 acciones y Groveland Capital LLC con 11.428 acciones). Por separado, el Sr. Swenson adquirió 1.008 Equivalentes de Acciones Comunes bajo el Plan de Compensación Diferida para Directores de la empresa, a un importe por equivalente indicado de $5,4523, llevando sus holdings derivados a 11.597 Equivalentes de Acciones Comunes. La presentación señala que las partes pueden formar parte de un grupo de la Sección 13(d) que posee colectivamente más del 10% de las acciones comunes en circulación. El formulario está firmado el 02/10/2025.

Nicholas J. Swenson님은 Lendway, Inc. (LDWY)의 이사이자 10% 보유자로 보고된 거래를 2025-09-30자로 보고했습니다. 그는 보통주 3,300주를 처분했고, 그 후 총 139,444주를 지분적으로 소유하게 되었으며 이는 A0 Partners I, L.P.60,284주와 Groveland Capital LLC11,428주를 포함한 엔티티를 통해 간접 보유한 것입니다. 별도로 Swenson 씨는 회사의 이사회 보상 계획에 따라 1,008주당 주식 등가물(Common Stock Equivalents)을 취득했고, 등가물당 금액은 5.4523달러로 명시되어 파생적 등가 보유를 11,597주로 늘렸습니다. 신고서는 당사자들이 13(d) 섹션 그룹의 일부일 수 있으며, 이 그룹이 합쳐 발행 주식의 10% 이상을 보유하고 있을 수 있다고 밝힙니다. 양식은 2025-10-02에 서명되었습니다.

Nicholas J. Swenson, un Directeur et propriétaire déclaré à 10% de Lendway, Inc. (LDWY), a signalé des transactions datées du 30/09/2025. Il a cédé 3.300 actions ordinaires et, après cette opération, détient au total 139.444 actions (détenues indirectement via des entités incluant AO Partners I, L.P. avec 60.284 actions et Groveland Capital LLC avec 11.428 actions). Séparément, M. Swenson a acquis 1.008 équivalents d’actions ordinaires dans le cadre du Plan de compensation différée du Directeur de l’entreprise, à un montant par équivalent indiqué de 5,4523 $, portant ses positions dérivées à 11.597 équivalents d’actions ordinaires. Le dépôt note que les parties pourraient faire partie d’un groupe de la Section 13(d) qui détient collectivement plus de 10% des actions ordinaires en circulation. Le formulaire est signé le 02/10/2025.

Nicholas J. Swenson, ein Director und gemeldeter 10%-Eigentümer von Lendway, Inc. (LDWY), meldete Transaktionen mit Datum 30.09.2025. Er veräußerte 3.300 Stammaktien und besitzt danach insgesamt 139.444 Aktien (indirekt gehalten über Entitäten, darunter AO Partners I, L.P. mit 60.284 Aktien und Groveland Capital LLC mit 11.428 Aktien). Separat erwarb Herr Swenson 1.008 Stammaktienäquivalente im Rahmen des Director Deferred Compensation Plans des Unternehmens zu einem angegebenen Äquivalenzbetrag von 5,4523 $, wodurch seine derivativen Äquivalente auf 11.597 Stammaktienäquivalente steigen. Die Einreichung weist darauf hin, dass die Parteien Teil einer Section-13(d)-Gruppe sein könnten, die zusammen mehr als 10% der umlaufenden Stammaktien besitzt. Das Formular ist am 02.10.2025 unterschrieben.

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).
1. Name and Address of Reporting Person*
Swenson Nicholas John

(Last) (First) (Middle)
5000 WEST 36TH STREET
SUITE 130

(Street)
MINNEAPOLIS MN 55416

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
LENDWAY, INC. [ LDWY ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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 3,300 D(1)
Common Stock 139,444 I(2) AO Partners I, L.P.(1)
Common Stock 60,284 I(2) Groveland Capital LLC(1)
Common Stock 11,428 I(2) Glenhurst Co(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
Common Stock Equivalent (3) 09/30/2025 A 1,008 (3) (3) Common Stock 1,008 $5.4523 11,597 D
Explanation of Responses:
1. Each of the parties herein may be deemed to be a member of a Section 13(d) group disclosed in a Schedule 13D filed on behalf of the parties and Air T, Inc., the other member of such group. The members of this Section 13(d) group collectively own more than 10% of the Issuer's outstanding shares of Common Stock. Each of the parties disclaims beneficial ownership of the shares of Common Stock held by the other members of this Section 13(d) group except to the extent of his or its pecuniary interest therein. The securities reported herein do not include any securities held by Air T, Inc., as such shares are reported in a separate filing.
2. Note the following with regard to Groveland Capital LLC ("Groveland Capital"); AO Partners I, L.P. ("AO Partners Fund"); AO Partners, LLC, the General Partner to the AO Partners Fund ("AO Partners"); and Glenhurst Co. ("Glenhurst"): Mr. Swenson is the Managing Member of Groveland Capital and may direct Groveland Capital as to the vote and disposition of the shares of Common Stock it holds; Mr. Swenson is the Managing Member of AO Partners, the General Partner of AO Partners Fund, and has the power to direct the affairs of AO Partners Fund, including the voting and disposition of shares of Common Stock held in the name of AO Partners Fund; and Mr. Swenson is the sole owner of Glenhurst, and he has the power to direct the affairs of Glenhurst, including the voting and disposition of shares of Common Stock held in the name of Glenhurst.
3. Each Common Stock Equivalent is the economic equivalent of one share of Lendway, Inc. common stock. The Common Stock Equivalents were acquired pursuant to the Lendway, Inc. Deferred Compensation Plan for Directors (the "Plan"), whereby Directors may elect to defer receipt of cash fees. The Common Stock Equivalents will be settled (i) in Lendway, Inc. common stock upon a separation from service with the Company or (ii) in cash upon an earlier change in control of the Company.
/s/ Nicholas J. Swenson 10/02/2025
** 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.
Lendway Inc

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40.33%
10.74%
1.04%
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