[SCHEDULE 13G] Perfect Moment Ltd. SEC Filing

Rhea-AI Filing Summary

zSpace, Inc. (ZSPC) Form 4 filing: Director Joanna Morris reported the vesting of 6,720 Restricted Stock Units (RSUs) on 1 July 2025, which automatically converted into an equal number of common shares at $0 exercise price. The award was originally granted on 1 April 2025 under the company’s 2024 Equity Incentive Plan and board compensation policy. Following the conversion, Morris now holds 6,720 ZSPC common shares directly. The filing also shows she still retains approximately 6,721 RSUs outstanding. No open-market purchase or sale occurred; code “M” denotes an exempt, non-cash conversion, resulting in negligible cash flow and minimal dilution given the small share count.

Positive

• Increased insider alignment: Director Joanna Morris now directly owns 6,720 shares, signaling continued commitment to the company.

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine director RSU vesting; minimal market impact.

The conversion of 6,720 RSUs into common stock is standard board compensation. Because there was no open-market transaction and the share count is immaterial relative to zSpace’s likely float, the filing is neutral for valuation and liquidity. It does marginally increase insider ownership, which can be viewed as positive alignment, but does not alter control dynamics or capital structure in a meaningful way.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Perfect Moment Ltd.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

713715100

(CUSIP Number)

06/27/2025

(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. 713715100

1

Names of Reporting Persons

BARD ASSOCIATES 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

ILLINOIS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 402,500.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 402,500.00
8	Shared Dispositive Power 3,997,500.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,400,000.00

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)

16.4 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Perfect Moment Ltd.
(b)	Address of issuer's principal executive offices: 244 FIFTH AVENUE, SUITE 1219, NEW YORK, NEW YORK, 10001
Item 2.
(a)	Name of person filing: Bard Associates, Inc.
(b)	Address or principal business office or, if none, residence: 135 South LaSalle St, Suite 3700, Chicago, IL 60603
(c)	Citizenship: United States
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 713715100
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: 4400000
(b)	Percent of class: 16.4 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 402,500
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 402,500
	(iv) Shared power to dispose or to direct the disposition of: 3,997,500
Item 5.	Ownership of 5 Percent or Less of a Class.
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. By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to Michael Y. Demaray is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D. 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.

BARD ASSOCIATES INC

Signature:	Michael Y. Demaray
Name/Title:	President
Date:	07/02/2025

FAQ

How many zSpace (ZSPC) shares did Director Joanna Morris acquire?

She acquired 6,720 common shares through RSU vesting on 1 July 2025.

Was there a cash purchase price for the shares?

No. The RSUs converted at an exercise price of $0; no cash changed hands.

Does the filing indicate additional RSUs remain outstanding?

Yes. After the transaction, Morris still holds approximately 6,721 unvested RSUs.

What plan governed the RSU award?

The shares were granted under zSpace’s 2024 Equity Incentive Plan and its board compensation policy.

Is this Form 4 transaction likely to affect ZSPC’s share price?

The share amount is small relative to float, making the market impact immaterial.