Teamshares sponsor lists 9.62M voting interest

Teamshares Inc. reporting persons Live Oak Sponsor V, LLC and Richard Hendrix disclose beneficial ownership positions following the Business Combination and domestication.

Rhea-AI Filing Summary

Teamshares Inc. reporting persons Live Oak Sponsor V, LLC and Richard Hendrix disclose beneficial ownership positions following the Business Combination and domestication. As of June 18, 2026, the Sponsor holds 5,124,781 shares and 4,500,000 warrants, with 9,624,781 voting/dispositive powers noted and a stated ownership percentage of 12.3% based on 73,660,538 shares outstanding.

Key Figures

Shares outstanding: 73,660,538 shares Sponsor common stock held: 5,124,781 shares Private placement warrants: 4,500,000 warrants +3 more

6 metrics

Shares outstanding 73,660,538 shares used as basis for percent calculation

Sponsor common stock held 5,124,781 shares as of June 18, 2026 following Closing and Domestication

Private placement warrants 4,500,000 warrants warrants held by the Sponsor exercisable into common stock

Reported voting/dispositive power 9,624,781 sole/shared voting and dispositive powers reported on cover page

Ownership percentage 12.3% percentage based on 73,660,538 shares outstanding

Earn-Out Shares 1,674,781 shares includes 1,150,000 Deferred Founder Shares and 524,781 Earnout Incentive Founder Shares subject to forfeiture

Key Terms

Domestication, Earn-Out Shares, Sponsor Letter Agreement, private placement warrants

4 terms

Domestication regulatory

"In connection with the domestication of the Issuer as a Delaware corporation"

Domestication is the legal process by which a company changes its official ‘legal home’ from one place to another without creating a new business entity, similar to moving a household’s registration from one city to another while keeping the same people and possessions. It matters to investors because it can alter which laws, tax rules, reporting standards and shareholder rights apply, potentially affecting costs, governance and the value or liquidity of the company’s shares.

Earn-Out Shares financial

"Includes 1,674,781 Earn-Out Shares, consisting of (i) 1,150,000 Deferred Founder Shares"

Earn-out shares are company shares promised to sellers or managers only if the business meets agreed future targets after a merger or acquisition, functioning like a performance-based payout instead of immediate cash. They matter to investors because they can dilute existing ownership, change future earnings prospects and reveal how confident buyers are about growth — like a conditional bonus that shifts payment and risk into the future.

Sponsor Letter Agreement legal

"forfeited an aggregate of 524,105 shares pursuant to the Sponsor Letter Agreement"

private placement warrants financial

"Includes 4,500,000 shares of common stock which may be purchased by exercising private placement warrants"

Private placement warrants are tradable coupons given directly to a limited group of investors that let the holder buy a company's shares at a fixed price before a set expiration date. They matter to investors because they can provide extra upside if the stock rises and give companies a way to raise money outside a public offering, but they also can increase the number of shares outstanding (dilution) and therefore affect share value and investor returns.

FAQ

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

What stake does Live Oak Sponsor V, LLC report in Teamshares (TMS)?

Live Oak Sponsor V, LLC reports beneficial ownership including 5,124,781 shares of common stock and 4,500,000 warrants as of June 18, 2026. The filing cites a combined voting/dispositive figure of 9,624,781 and a 12.3% ownership basis.

How is Richard Hendrix connected to the reported Teamshares holdings?

Richard Hendrix is the managing member of Live Oak Sponsor V, LLC and disclaims personal beneficial ownership beyond any pecuniary interest. The filing states he has voting and investment discretion over securities held of record by the Sponsor and is listed with shared voting/dispositive power of 9,624,781.

What outstanding share base does the filing use to calculate ownership percentage for TMS?

The filing bases percentage calculations on 73,660,538 shares of common stock issued and outstanding as of the filing date. The reported 12.3% ownership figure explicitly references that outstanding share count reported in the referenced Form 8-K.

Are there contingent or forfeitable shares noted in the Teamshares filing?

Yes. The filing discloses 1,674,781 Earn-Out Shares composed of 1,150,000 Deferred Founder Shares and 524,781 Earnout Incentive Founder Shares, which are subject to forfeiture under the Sponsor Letter Agreement referenced in the filing.

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

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Accepted by SEC EDGAR 07/08/2026 - 06:03 PM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Teamshares Inc.

(Name of Issuer)

COMMON STOCK, PAR VALUE $0.0001 PER SHARE

(Title of Class of Securities)

87821B109

(CUSIP Number)

06/30/2026

(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): 87821B109

1

Names of Reporting Persons

Live Oak Sponsor V, 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 9,624,781.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 9,624,781.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

9,624,781.00

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)

12.3 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP Number(s): 87821B109

1

Names of Reporting Persons

Richard Hendrix

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 0.00
6	Shared Voting Power 9,624,781.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 9,624,781.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

9,624,781.00

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)

12.3 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: (1) In connection with the domestication of the Issuer as a Delaware corporation (the "Domestication") and the closing (the "Closing") of the business combination (the "Business Combination") pursuant to the Agreement and Plan of Merger, dated as of November 14, 2025 (as amended on April 1, 2026 and May 13, 2026), by and among Live Oak Acquisition Corp. V, Teamshares Inc. and the other parties thereto, the Sponsor's 5,750,000 Class B ordinary shares of Live Oak Acquisition Corp. V converted into shares of Live Oak Class B Common Stock and subsequently into shares of Combined Company Common Stock. In connection with the Closing, the Sponsor transferred an aggregate of 101,790 shares to certain investors in connection with financing transactions and forfeited an aggregate of 524,105 shares pursuant to the Sponsor Letter Agreement, dated as of November 14, 2025, by and among Live Oak Acquisition Corp. V, Teamshares Inc. and Live Oak Sponsor V, LLC (the "Sponsor"). The Sponsor is the record holder of the shares reported herein. Mr. Richard Hendrix is the managing member of the Sponsor. As such, he may be deemed to have or share voting and dispositive power of the shares held directly by the Sponsor. Mr. Hendrix disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly. (2) Includes 4,500,000 shares of common stock of the Issuer which may be purchased by exercising private placement warrants held by the Sponsor. Includes 1,674,781 Earn-Out Shares, consisting of (i) 1,150,000 Deferred Founder Shares and (ii) 524,781 Earnout Incentive Founder Shares, that are subject to forfeiture pursuant to the Sponsor Letter Agreement, dated as of November 14, 2025, by and among Live Oak Acquisition Corp. V, Teamshares Inc. and the Sponsor. (3) Based on 73,660,538 shares of common stock of the Issuer issued and outstanding as of the date of this filing.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Teamshares Inc.
(b)	Address of issuer's principal executive offices: 214 Sullivan Street, 3B, New York, NY 10012
Item 2.
(a)	Name of person filing: Live Oak Sponsor V, LLC and Richard Hendrix (collectively, the "Reporting Persons")
(b)	Address or principal business office or, if none, residence: 4921 William Arnold Road, Memphis TN 38117
(c)	Citizenship: Live Oak Sponsor V, LLC is a limited liability company formed in Delaware. Richard Hendrix is a citizen of the United States of America.
(d)	Title of class of securities: COMMON STOCK, PAR VALUE $0.0001 PER SHARE
(e)	CUSIP No.: 87821B109
Item 4.	Ownership
(a)	Amount beneficially owned: As of June 18, 2026, following the consummation of the Business Combination and the Domestication, the Sponsor holds 5,124,781 shares of common stock of the Issuer and 4,500,000 warrants to purchase shares of common stock of the Issuer. The Sponsor's 5,750,000 Class B ordinary shares of Live Oak Acquisition Corp. V, converted into shares of Live Oak Class B Common Stock and subsequently into shares of Combined Company Common Stock. In connection with the Closing, the Sponsor transferred an aggregate of 101,790 shares to certain investors in connection with financing transactions pursuant to the Sponsor Letter Agreement, dated as of November 14, 2025, and forfeited an aggregate of 524,105 shares pursuant to the Sponsor Letter Agreement. Richard Hendrix, as managing member of Live Oak Sponsor V, LLC, has voting and investment discretion with respect to the securities held of record by the Sponsor. As such, Mr. Hendrix may be deemed to have beneficial ownership of the securities held of record by the Sponsor. Mr. Hendrix disclaims any beneficial ownership except to the extent of his pecuniary interest therein.
(b)	Percent of class: The responses to Items 5-11 of the cover pages of this Schedule 13G are incorporated herein by reference. The percentage of the shares held by the Reporting Persons is based on 73,660,538 shares of common stock of the Issuer issued and outstanding as of the date of this filing, as reported in the Current Report on Form 8-K filed by the Issuer with the Securities and Exchange Commission on June 25, 2026
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Live Oak Sponsor V, LLC: 9,624,781; Richard Hendrix: 0
	(ii) Shared power to vote or to direct the vote: Live Oak Sponsor V, LLC: 0; Richard Hendrix: 9,624,781
	(iii) Sole power to dispose or to direct the disposition of: Live Oak Sponsor V, LLC: 9,624,781; Richard Hendrix: 0
	(iv) Shared power to dispose or to direct the disposition of: Live Oak Sponsor V, LLC: 0; Richard Hendrix: 9,624,781
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 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

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.

Live Oak Sponsor V, LLC

Signature:	/s/ Richard Hendrix
Name/Title:	Richard Hendrix, as managing member of Live Oak Sponsor V, LLC
Date:	07/08/2026

Richard Hendrix

Signature:	/s/ Richard Hendrix
Name/Title:	Richard Hendrix
Date:	07/08/2026

Exhibit Information

99.1 Joint Filing Agreement (incorporated by reference to Exhibit 99.1 to the Reporting Persons' Schedule 13G dated filed with the Securities and Exchange Commission on June 12, 2026).