Orion Energy Systems (NASDAQ: OESX) — Tieton Capital reports 6.6% stake

Rhea-AI Filing Summary

Orion Energy Systems, Inc. ownership update: Tieton Capital Management, LLC reports beneficial ownership of 266,746 shares of common stock, representing 6.6% of the class. The filing (Amendment No. 3) states shared voting and dispositive power over the 266,746 shares.

The reporting person is Tieton Capital Management, LLC, a Washington limited liability company; the filing is signed by William J. Dezellem, CFA, President, dated 05/13/2026.

Insights

Institutional Ownership Analyst

Non-transactional ownership disclosure showing a sizeable, but sub-control stake.

The amendment confirms 266,746 shares (6.6%) are beneficially owned by Tieton Capital Management, LLC with shared voting and dispositive power. The filing is a standard Schedule 13G/A disclosure updating beneficial ownership details.

Key dependencies include the firm's continued holdings and any future amendments; timing of changes would appear in subsequent Schedule 13 filings or amendments.

Key Figures

Beneficial ownership: 266,746 shares Percent of class: 6.6% Shared voting power: 266,746 shares

3 metrics

Beneficial ownership 266,746 shares Amount beneficially owned reported in the amendment

Percent of class 6.6% Percent of common stock class reported in Item 4

Shared voting power 266,746 shares Number of shares with shared power to vote

Key Terms

beneficially owned, shared dispositive power, Schedule 13G/A

3 terms

beneficially owned regulatory

"Amount beneficially owned: 266,746"

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.

shared dispositive power regulatory

"Shared Dispositive Power 266,746.00"

Schedule 13G/A regulatory

"Form type: SCHEDULE 13G/A (Amendment No. 3)"

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.

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

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Accepted by SEC EDGAR 05/13/2026 - 02:01 PM Learn about SEC filing dates

FAQ

What stake does Tieton Capital report in Orion Energy Systems (OESX)?

Tieton Capital reports beneficial ownership of 266,746 shares, equal to 6.6% of the common stock class, as stated in the Schedule 13G/A amendment signed on 05/13/2026.

Does Tieton Capital have voting control over the shares in OESX?

The filing states Tieton has shared voting power for 266,746 shares and shared dispositive power for the same amount; sole voting and dispositive powers are listed as 0.

Who signed the Schedule 13G/A amendment for OESX?

The Schedule 13G/A Amendment No. 3 is signed by William J. Dezellem, CFA, President, on behalf of Tieton Capital Management, LLC, dated 05/13/2026.

What type of filing is this for Orion Energy Systems (OESX)?

This is a Schedule 13G/A amendment (Amendment No. 3) reporting beneficial ownership details under the beneficial ownership disclosure rules for passive/qualified institutional holders.

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

(Title of Class of Securities)

686275207

(CUSIP Number)

03/31/2026

(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): 686275207

1

Names of Reporting Persons

Tieton Capital Management, 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

WASHINGTON

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 266,746.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 266,746.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

266,746.00

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)

6.6 %

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: Tieton Capital Management, LLC
(b)	Address or principal business office or, if none, residence: 4700 Tieton Drive, Suite C, Yakima, WA 98908
(c)	Citizenship: Washington Limited Liability Company
(d)	Title of class of securities: Common Stock
(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: 266,746
(b)	Percent of class: 6.6 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 266,746
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 266,746
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.

Tieton Capital Management, LLC

Signature:	/s/ William J. Dezellem
Name/Title:	William J. Dezellem, CFA, President
Date:	05/13/2026