Investor group holds 5.6% of Park Dental Partners (PARK) shares

Rhea-AI Filing Summary

Park Dental Partners, Inc. received a Schedule 13G filing showing that investor Nicholas John Swenson and affiliated entities collectively beneficially own 230,769 shares of Park Dental common stock, representing 5.6% of the class as of 12/31/2025.

The filing lists AO Partners I, LP, Park Investors LLC, and AO Partners LLC, all Delaware entities, with shared voting and dispositive power over these shares and no sole authority. The reporting persons certify the shares were not acquired or held for the purpose of changing or influencing control of Park Dental Partners, but instead as a passive investment.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Park Dental Partners, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

700402100

(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. 700402100

1

Names of Reporting Persons

AO Partners I, LP

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 0.00
6	Shared Voting Power 61,538.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 61,538.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

61,538.00

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)

1.5 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP No. 700402100

1

Names of Reporting Persons

Park Investors 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 0.00
6	Shared Voting Power 169,231.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 169,231.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

169,231.00

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)

4.1 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP No. 700402100

1

Names of Reporting Persons

AO Partners 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 0.00
6	Shared Voting Power 61,538.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 61,538.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

61,538.00

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)

1.5 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP No. 700402100

1

Names of Reporting Persons

Swenson Nicholas John

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 230,769.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 230,769.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

230,769.00

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)

5.6 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Park Dental Partners, Inc.
(b)	Address of issuer's principal executive offices: 2200 COUNTY ROAD C WEST, SUITE 2210, ROSEVILLE, Minnesota, 55113
Item 2.
(a)	Name of person filing: AO Partners I, LP Nicholas John Swenson Park Investors LLC AO Partners LLC
(b)	Address or principal business office or, if none, residence: The business address of each reporting person is: 5000 W 36th Street, Suite 200, Minneapolis, MN 55416
(c)	Citizenship: Each entity was organized in Delaware. Mr. Swenson is a U.S. citizen.
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 700402100
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: 230,769
(b)	Percent of class: 5.6 %
(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: 230,769 Nicholas John Swenson 169,231 Park Investors LLC 61,538 AO Partners I LP 61,538 AO Partners LLC
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 230,769 Nicholas John Swenson 169,231 Park Investors LLC 61,538 AO Partners I LP 61,538 AO Partners LLC
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.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. See Exhibit 99.1.
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 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.

AO Partners I, LP

Signature:	/s/ Nicholas J. Swenson
Name/Title:	Manager of AO Partners, LLC
Date:	02/17/2026

Park Investors LLC

Signature:	/s/ Nicholas J. Swenson
Name/Title:	Manager of AO Partners, LLC
Date:	02/17/2026

AO Partners LLC

Signature:	/s/ Nicholas J. Swenson
Name/Title:	Manager
Date:	02/17/2026

Swenson Nicholas John

Signature:	/s/ Nicholas J. Swenson
Name/Title:	Nicholas J. Swenson
Date:	02/17/2026

Exhibit Information

Exhibit 99.1 Exhibit 99.2

FAQ

What ownership stake in Park Dental Partners (PARK) is reported in this Schedule 13G?

The filing reports that Nicholas John Swenson and related entities beneficially own 230,769 shares of Park Dental Partners common stock, representing 5.6% of the outstanding class as of December 31, 2025, giving them a disclosed minority but reportable ownership position.

Who are the reporting persons in the Park Dental Partners (PARK) Schedule 13G?

The Schedule 13G lists Nicholas John Swenson, AO Partners I, LP, Park Investors LLC, and AO Partners LLC as reporting persons. The entities are organized in Delaware, while Mr. Swenson is a U.S. citizen with shared voting and dispositive power over the reported shares.

How many Park Dental Partners (PARK) shares does each reporting entity hold?

The filing attributes 169,231 shares of Park Dental common stock to Park Investors LLC and 61,538 shares each to AO Partners I, LP and AO Partners LLC. In total, 230,769 shares are beneficially owned with shared voting and dispositive power among the reporting persons.

Is the 5.6% Park Dental Partners (PARK) stake intended to influence control?

The reporting persons certify the securities were not acquired and are not held for the purpose of changing or influencing control of Park Dental Partners. They state the holdings are not in connection with any transaction having that purpose, other than activities tied to a nomination under Rule 14a-11.

What voting power do the reporting persons have over Park Dental Partners (PARK) shares?

The Schedule 13G shows no sole voting or dispositive power and shared power over 230,769 shares of Park Dental common stock. Nicholas John Swenson, Park Investors LLC, AO Partners I, LP, and AO Partners LLC share authority to vote and dispose of these shares collectively.

Why did Nicholas John Swenson and affiliates file a Schedule 13G for Park Dental Partners (PARK)?

They crossed the 5% beneficial ownership threshold, reporting a 5.6% stake as of December 31, 2025. By using Schedule 13G, they indicate a passive investment intent, certifying the shares are not held to change or influence control of Park Dental Partners.