North Star reports 525,552 shares (14.93%) in Orion

Orion Energy Systems, Inc. disclosure: North Star Investment Management Corporation reports beneficial ownership of 525,552 shares of common stock, representing 14.93% of the class as of the filing.

Rhea-AI Filing Summary

Orion Energy Systems, Inc. disclosure: North Star Investment Management Corporation reports beneficial ownership of 525,552 shares of common stock, representing 14.93% of the class as of the filing. The filer reports 295,000 shares with sole voting and dispositive power and 230,552 shares with shared voting and dispositive power. The amendment is signed by the Chief Compliance Officer on 04/06/2026.

Key Figures

Beneficial ownership: 525,552 shares Percent of class: 14.93% Sole voting power: 295,000 shares +2 more

5 metrics

Beneficial ownership 525,552 shares Amount beneficially owned reported in Item 4(a)

Percent of class 14.93% Percent of class reported in Item 4(b)

Sole voting power 295,000 shares Sole power to vote reported in Item 4(c)(i)

Shared voting power 230,552 shares Shared power to vote reported in Item 4(c)(ii)

Filing date / signature 04/06/2026 Signature date in amendment header and signature block

Key Terms

Schedule 13G/A, beneficially owned, sole voting power, dispositive power

4 terms

Schedule 13G/A regulatory

"Item 1. (a) Name of issuer: Orion Energy Systems, Inc."

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

beneficially owned financial

"Item 4. (a) Amount beneficially owned: 525,552"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole voting power regulatory

"Item 4. (c)(i) Sole power to vote or to direct the vote: 295,000"

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.

dispositive power financial

"Item 4. (c)(iii) Sole power to dispose or to direct the disposition of: 295,000"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

FAQ

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

What does North Star's Schedule 13G/A for Orion Energy Systems (OESX) show?

It shows North Star beneficially owns 525,552 shares (14.93%). The filing details voting and dispositive powers: 295,000 sole and 230,552 shared, signed 04/06/2026 by the CCO.

Does North Star report voting control over OESX shares?

Yes. The filing reports 295,000 shares with sole voting power and 230,552 shares with shared voting power. Those counts are stated under Item 4(a)-(c) of the amendment.

Is North Star an insider or passive investor in OESX according to the filing?

The filing is a Schedule 13G/A amendment, typically used by passive or qualifying institutional investors. It reports ownership percentages and voting/dispositive power without indicating active control measures.

When was the ownership reported and who signed the filing for OESX?

The amendment is dated and signed on 04/06/2026. The signature block shows Andrew Eisenberg, Chief Compliance Officer for North Star Investment Management Corporation.

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

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Accepted by SEC EDGAR 04/06/2026 - 11:47 AM 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. 11)

Orion Energy Systems, Inc.

(Name of Issuer)

Common Stock, no par value

(Title of Class of Securities)

686275108

(CUSIP Number)

04/06/2026

(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): 686275108

1

Names of Reporting Persons

North Star Investment Management Corporation

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 295,000.00
6	Shared Voting Power 230,552.00
7	Sole Dispositive Power 295,000.00
8	Shared Dispositive Power 230,552.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

525,552.00

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)

14.93 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Orion Energy Systems, Inc.
(b)	Address of issuer's principal executive offices: 2210 Woodland Drive, Manitowoc, WISCONSIN 54220
Item 2.
(a)	Name of person filing: North Star Investment Management Corporation
(b)	Address or principal business office or, if none, residence: 20 N. Wacker Drive, Suite 1416 Chicago, IL 600606
(c)	Citizenship: USA
(d)	Title of class of securities: Common Stock, no par value
(e)	CUSIP No.:
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 525,552
(b)	Percent of class: 14.93 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 295,000
	(ii) Shared power to vote or to direct the vote: 230,552
	(iii) Sole power to dispose or to direct the disposition of: 295,000
	(iv) Shared power to dispose or to direct the disposition of: 230,552
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
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:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

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.

North Star Investment Management Corporation

Signature:	/s/ Andrew Eisenberg
Name/Title:	Chief Compliance Officer
Date:	04/06/2026