The Lion Fund II plans to sell 4M LOCO shares in open market trades (LOCO)

Rhea-AI Filing Summary

An affiliate stockholder, The Lion Fund II, L.P., has filed to sell up to 4,000,000 shares of the issuer’s common stock for cash through open market purchases on or after 06/28/2023. The securities section lists an aggregate market value of $16,018,099.93 for the securities covered and notes that 30,455,298 shares of common stock were outstanding as of 06/26/2026 on NASDAQ; this is a baseline figure, not the amount being offered. The filing also details multiple recent sales of common stock by The Lion Fund II, L.P. over the prior three months, including several transactions of 100,000 shares each.

Key Figures

Shares proposed to be sold: 4,000,000 shares Aggregate market value of securities: $16,018,099.93 Shares outstanding: 30,455,298 shares +3 more

6 metrics

Shares proposed to be sold 4,000,000 shares Common stock to be sold for cash via open market purchases beginning 06/28/2023

Aggregate market value of securities $16,018,099.93 Aggregate market value in the securities information section

Shares outstanding 30,455,298 shares Common stock outstanding as of 06/26/2026 on NASDAQ

Sale on 06/26/2026 100,000 shares for $1,675,000.00 Common stock sold by The Lion Fund II, L.P. during past 3 months

Sale on 06/29/2026 100,000 shares for $1,658,000.00 Common stock sold by The Lion Fund II, L.P. during past 3 months

Sale on 07/01/2026 132,421 shares for $2,286,911.00 Common stock sold by The Lion Fund II, L.P. during past 3 months

Key Terms

Form 144, open market purchases, aggregate market value, securities to be sold

4 terms

Form 144 regulatory

"144/A: Securities To Be Sold"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

open market purchases market

"Common Stock | 06/28/2023 | Open Market Purchases | N/A"

Open market purchases are buys of a company’s shares (or other securities) made on public exchanges at prevailing market prices rather than through private deals. For investors this matters because when a company buys back its own stock it reduces the number of shares available, which can boost per-share earnings and often signals management’s confidence; it also affects supply, demand and short-term liquidity much like someone quietly buying up items from a crowded marketplace.

aggregate market value financial

"Common Stock | 982103 | 16018099.93 | 30455298"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

securities to be sold regulatory

"144/A: Securities To Be Sold"

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 07/29/2026 - 06:38 PM Accepted by SEC EDGAR 07/29/2026 - 06:38 PM Learn about SEC filing dates

FAQ

What does the Form 144/A filing indicate for LOCO common stock?

The filing shows The Lion Fund II, L.P. plans to sell up to 4,000,000 shares of LOCO common stock for cash via open market purchases, and discloses recent sales over the past three months.

How many LOCO shares are proposed to be sold under this Form 144/A?

The selling holder proposes to sell up to 4,000,000 shares of LOCO common stock. These shares are to be sold for cash through open market purchases beginning on or after 06/28/2023.

What is the aggregate market value of the LOCO shares covered?

The securities section lists an aggregate market value of $16,018,099.93 for the common stock covered. This value relates to the securities referenced in the filing rather than all shares outstanding.

How many LOCO shares were outstanding as of 06/26/2026?

The filing states that 30,455,298 shares of LOCO common stock were outstanding as of 06/26/2026. This figure provides context for the issuer’s capital structure and is separate from the 4,000,000 shares proposed for sale.

Who is the selling security holder in this LOCO Form 144/A?

The selling security holder is The Lion Fund II, L.P.. The filing lists its address in San Antonio, Texas and details multiple common stock sales it executed during the past three months.

What recent LOCO stock sales by The Lion Fund II, L.P. are disclosed?

Disclosed sales include 100,000 shares on 06/26/2026 for $1,675,000.00, another 100,000 shares on 06/29/2026 for $1,658,000.00, plus several smaller transactions through 07/17/2026 with specified share counts and dollar amounts.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144/A

144/A: Filer Information

Filer CIK
Filer CCC
Previous Accession Number Of The Filing
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144/A: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144/A: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	Wells Fargo 280 Park Ave Floor 28 New York NY 10017	982103	16018099.93	30455298	06/26/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144/A: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	06/28/2023	Open Market Purchases	N/A			4000000	06/28/2023	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144/A: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
The Lion Fund II, L.P. 19100 Ridgewood Pkwy Suite 1200 San Antonio TX 78259	Common Stock	06/26/2026	100000	1675000.00
The Lion Fund II, L.P. 19100 Ridgewood Pkwy Suite 1200 San Antonio TX 78259	Common Stock	06/29/2026	100000	1658000.00
The Lion Fund II, L.P. 19100 Ridgewood Pkwy Suite 1200 San Antonio TX 78259	Common Stock	06/30/2026	22600	382166.00
The Lion Fund II, L.P. 19100 Ridgewood Pkwy Suite 1200 San Antonio TX 78259	Common Stock	07/01/2026	132421	2286911.00
The Lion Fund II, L.P. 19100 Ridgewood Pkwy Suite 1200 San Antonio TX 78259	Common Stock	07/02/2026	9525	161163.00
The Lion Fund II, L.P. 19100 Ridgewood Pkwy Suite 1200 San Antonio TX 78259	Common Stock	07/13/2026	75000	1255500.00
The Lion Fund II, L.P. 19100 Ridgewood Pkwy Suite 1200 San Antonio TX 78259	Common Stock	07/14/2026	1211	20260.00
The Lion Fund II, L.P. 19100 Ridgewood Pkwy Suite 1200 San Antonio TX 78259	Common Stock	07/15/2026	6533	109166.00
The Lion Fund II, L.P. 19100 Ridgewood Pkwy Suite 1200 San Antonio TX 78259	Common Stock	07/16/2026	2749	45908.00
The Lion Fund II, L.P. 19100 Ridgewood Pkwy Suite 1200 San Antonio TX 78259	Common Stock	07/17/2026	11000	183810.00

144/A: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)