STOCK TITAN

OpenWorld chief accounting officer reports 5.1% stake

The two option tranches expire on December 7, 2035, and August 27, 2036.

(Moderate)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Form Type
SCHEDULE 13D

Rhea-AI Filing Summary

Gerard Hernandez, OpenWorld, Inc.'s chief accounting officer, and GM Consulting Group Inc. reported aggregate beneficial ownership of 702,999 shares, or 5.1%, as of September 30, 2026. The position followed the merger closing that day: GM Consulting's 5,000 OpenWorld Ltd. shares converted into 386,348 OpenWorld shares, and LB2 Capital Partners LLC's 221 shares converted into 17,077 shares at a 1:77.27 ratio. The reporting persons paid no monetary consideration for those conversions.

The total also includes 299,574 shares underlying options held by GM Consulting that are presently exercisable or exercisable within 60 days. The replacement options were issued under OpenWorld's 2020 Equity Incentive Plan, as amended. Hernandez reported sole voting and dispositive power over 702,999 shares; GM Consulting reported that power over 685,922 shares.

Filing Explained

In this Schedule 13D, the reporting persons state that they have no present plans or proposals concerning the listed corporate or control matters, but may buy shares or sell or otherwise dispose of some or all of their holdings depending on market conditions and other factors.

Aggregate beneficial ownership 702,999 shares Reported as of September 30, 2026
Percentage of class 5.1% Reported for the aggregate beneficial ownership
Shares held by GM Consulting after conversion 386,348 shares Converted at the September 30, 2026 merger closing
Shares held by LB2 Capital Partners LLC after conversion 17,077 shares Converted at the September 30, 2026 merger closing
Shares underlying options 299,574 shares Held by GM Consulting; presently exercisable or exercisable within 60 days
First option tranche 154,539 shares at an exercise price of $2.18 Expires December 7, 2035
Second option tranche 145,035 shares at an exercise price of $6.51 Expires August 27, 2036
beneficially owned financial
"aggregate number of Shares of the Issuer beneficially owned"
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 and dispositive power financial
"Mr. Hernandez has sole voting and dispositive power over 702,999 Shares"
presently exercisable financial
"options that are presently exercisable or exercisable within 60 days"
replacement stock options financial
"received replacement stock options over Shares of the Issuer"

FAQ

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

How many OPNW shares does Gerard Hernandez beneficially own?

Gerard Hernandez reported sole voting and dispositive power over 702,999 shares, or 5.1% of the class, as of September 30, 2026. The total includes 386,348 shares held by GM Consulting, 17,077 shares held by LB2 Capital Partners LLC, and 299,574 shares underlying options held by GM Consulting.

How did the OPNW beneficial ownership position arise?

At the September 30, 2026 merger closing, GM Consulting's 5,000 OpenWorld Ltd. shares converted into 386,348 OpenWorld shares, and LB2 Capital Partners LLC's 221 shares converted into 17,077 shares at a 1:77.27 ratio. The reporting persons paid no monetary consideration for the conversions.

What are the terms of GM Consulting's OPNW stock options?

GM Consulting holds options for 154,539 shares at an exercise price of $2.18, expiring December 7, 2035, and options for 145,035 shares at an exercise price of $6.51, expiring August 27, 2036. The options were issued under OpenWorld's 2020 Equity Incentive Plan, as amended.

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
Learn about SEC filing dates





92346X305

(CUSIP Number)
Alexander R. McClean, Esq.
Harter Secrest & Emery LLP, 1600 Bausch & Lomb Place
Rochester, NY, 14604
585-231-1248

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
09/30/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
The figures included in rows 7, 9 and 11 above include: (i) 386,348 shares of common stock held by GM Consulting Group Inc., of which Mr. Hernandez has sole voting and dispositive power; (ii) 17,077 shares of common stock held by LB2 Capital Partners LLC, of which Mr. Hernandez has sole voting and dispositive power; and (iii) shares underlying 299,574 stock options that are presently exercisable or exercisable within 60 days, which are held by GM Consulting Group Inc. The percentage in row 13 above is based on 13,472,360 shares of common stock issued and outstanding as of September 30, 2026 plus shares underlying 299,574 stock options that are presently exercisable or exercisable within 60 days.


SCHEDULE 13D




Comment for Type of Reporting Person:
The figures included in rows 7, 9 and 11 above include: (i) 386,348 shares of common stock held by GM Consulting Group Inc.; and (ii) shares underlying 299,574 stock options that are presently exercisable or exercisable within 60 days, which are held by GM Consulting Group Inc. The percentage in row 13 above is based on 13,472,360 shares of common stock issued and outstanding as of September 30, 2026 plus shares underlying 299,574 stock options that are presently exercisable or exercisable within 60 days.


SCHEDULE 13D


Hernandez Gerard Albert Palana
Signature:/s/ Gerard Hernandez
Name/Title:Gerard Hernandez
Date:10/07/2026
GM Consulting Group Inc.
Signature:/s/ Gerard Hernandez
Name/Title:Gerard Hernandez, Owner of GM Consulting Group Inc.
Date:10/07/2026

Keep reading