[Form 4] LENDWAY, INC. Insider Trading Activity
Rhea-AI Filing Summary
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.
Positive
- None.
Negative
- None.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock Equivalent | 1,008 | $5.4523 | $5K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (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. 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. 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.
