Grace & White reports 6.34% Orion Energy Systems (OESX) stake in 13G/A

Rhea-AI Filing Summary

Orion Energy Systems, Inc. received an amended ownership report from institutional investor Grace & White, Inc. on a Schedule 13G/A (Amendment No. 3) dated as of December 31, 2025. Grace & White reports beneficial ownership of 223,847 Orion common shares, representing 6.34% of the outstanding class.

The firm has sole voting power over 46,762 shares and sole dispositive (selling) power over all 223,847 shares, with no shared voting or dispositive authority. Grace & White certifies the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Orion Energy Systems.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

Orion Energy Systems, Inc.

(Name of Issuer)

Common stock, no par value

(Title of Class of Securities)

686275207

(CUSIP Number)

12/31/2025

(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)

SCHEDULE 13G

CUSIP No. 686275207

1

Names of Reporting Persons

Grace & White, Inc.

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

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 46,762.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 223,847.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

223,847.00

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)

6.34 %

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, WI 54220
Item 2.
(a)	Name of person filing: Grace & White, Inc
(b)	Address or principal business office or, if none, residence: Grace & White, Inc 515 Madison Ave. Suite 1700 NY, NY 10022
(c)	Citizenship: NY
(d)	Title of class of securities: Common stock, no par value
(e)	CUSIP No.: 686275207
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: 223,847
(b)	Percent of class: 6.34%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 46,762
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 223,847
	(iv) Shared power to dispose or to direct the disposition of: 0
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.

Grace & White, Inc.

Signature:	S/MARC RAVITZ
Name/Title:	Marc Ravitz Executive Vice President
Date:	01/27/2026

FAQ

What did Grace & White, Inc. disclose about its ownership in OESX?

Grace & White, Inc. reported beneficial ownership of Orion Energy Systems common stock on a Schedule 13G/A Amendment No. 3. The firm disclosed holding 223,847 shares, representing 6.34% of the outstanding class, and certified that the position is held in the ordinary course of business.

How many Orion Energy Systems (OESX) shares does Grace & White own and what percentage is this?

Grace & White, Inc. reported beneficial ownership of 223,847 Orion Energy Systems common shares, representing 6.34% of the company’s common stock. This percentage reflects its share of the total outstanding class as of the event date disclosed in the Schedule 13G/A filing.

What voting and dispositive powers does Grace & White have over its OESX shares?

Grace & White has sole voting power over 46,762 Orion Energy Systems shares and no shared voting power. It also has sole dispositive power over all 223,847 shares, with no shared dispositive authority, meaning it alone can decide when and how to sell those shares.

What is the event date for Grace & White’s Schedule 13G/A on Orion Energy Systems (OESX)?

The relevant event date for Grace & White’s ownership report is December 31, 2025. That date marks when the ownership level or status triggered the requirement to file this amended Schedule 13G/A, reflecting its 6.34% beneficial stake in Orion Energy Systems common stock.

Why did Grace & White file a Schedule 13G/A for Orion Energy Systems?

Grace & White filed a Schedule 13G/A because its beneficial ownership in Orion Energy Systems exceeded 5% of the outstanding shares. The firm reports holding 223,847 shares, or 6.34%, and uses the 13G format as it holds them in the ordinary course of business.

Does Grace & White seek to influence control of Orion Energy Systems (OESX)?

Grace & White certifies that its Orion Energy Systems shares were acquired and are held in the ordinary course of business. It states they were not acquired and are not held for the purpose of changing or influencing control of the issuer, subject to limited nomination-related activities.