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  4. [Form 4] Rocky Mountain Chocolate Factory, Inc. Insider Trading Activity

GVIC reports open‑market RMCF purchases, indirect holdings near 1.96M

Filing Impact
(Neutral)
Filing Sentiment
(Positive)
Form Type
4

Rhea-AI Filing Summary

Rocky Mountain Chocolate Factory (RMCF): Insider purchases reported. Global Value Investment Corporation (GVIC) and affiliated reporting persons filed a Form 4 noting open‑market buys of RMCF common stock. On 10/21/2025, they acquired 14,562 shares at a weighted average price of $1.6537. On 10/22/2025, they acquired 8,775 shares at a weighted average price of $1.7801.

Indirect beneficial ownership was 1,948,326 shares after the 10/21 transactions and 1,957,101 shares after the 10/22 transactions. The prices are weighted averages; the filer undertakes to provide full price‑by‑trade details upon request. The filing is made jointly by GVIC and related entities/individuals as described in the footnotes, with roles including director, 10% owner, and chief executive officer.

Positive

  • None.

Negative

  • None.
Insider GLOBAL VALUE INVESTMENT CORP., GVP 2021-A, L.P., GVP 2021-A, LLC, GEYGAN JEFFREY RICHART, GEYGAN JAMES, Wilke Stacy, Geygan Kathleen, Rice Shawn G
Role 10% Owner | Insider | Insider | Interim CEO | Insider | Insider | Insider | Insider
Bought 23,337 shs ($40K)
Type Security Shares Price Value
Purchase Cmmon Stock 8,775 $1.7801 $16K
Purchase Common Stock 14,562 $1.6537 $24K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 1,948,326 shares (Indirect, See footnotes.); Cmmon Stock — 1,957,101 shares (Indirect, See footnotes.); Common Stock — 6,213 shares (Direct)
Footnotes (3)
  1. F1. The reported price represents a weighted average purchase price. The Reporting Person undertakes to provide to the staff, the issuer, or a security holder full information regarding the number of shares purchased at each separate price.
  2. F2. In addition to Global Value Investment Corporation, a Delaware corporation ("GVIC"), this Form 4 is being filed jointly by GVP 2021-A, L.P., a Delaware limited partnership, GVP 2021-A, L.L.C., a Delaware limited liability company, Jeffrey R. Geygan, a citizen of the United States of America, James P. Geygan, a citizen of the United States of America, Stacy A. Wilke, a citizen of the United States of America, Kathleen M. Geygan, a citizen of the United States of America, and Shawn G. Rice, a citizen of the United States of America, each of whom has the same business address as GVIC. GVIC beneficially owns the shares of common stock, par value $0.01 per share ("Common Stock"), of Rocky Mountain Chocolate Factory, Inc. reported on this Form 4.
  3. F3. In accordance with Instruction 4(b)(iv), the entire amount of Common Stock held by GVIC is reported herein. Common Stock reported as indirectly owned by GVIC includes shares owned by GVP 2021-A, L.P., GVP 2021-A, L.L.C., Jeffrey R. Geygan, James P. Geygan, Stacy A. Wilke, Kathleen M. Geygan, and Shawn G. Rice.

FAQ

How many RMCF shares did GVIC and affiliates purchase?
They purchased 14,562 shares on 10/21/2025 and 8,775 shares on 10/22/2025.

What were the purchase prices reported for RMCF (RMCF)?
Weighted average prices were $1.6537 on 10/21/2025 and $1.7801 on 10/22/2025.

What was the post-transaction beneficial ownership reported?
Indirect beneficial ownership was 1,948,326 shares after 10/21 and 1,957,101 shares after 10/22.

What transaction code appears on the Form 4 for RMCF?
Transaction code P, indicating an open-market purchase.

Who are the reporting persons associated with GVIC in this filing?
The footnotes list GVIC, GVP 2021-A, L.P., GVP 2021-A, L.L.C., Jeffrey R. Geygan, James P. Geygan, Stacy A. Wilke, Kathleen M. Geygan, and Shawn G. Rice.

Are the reported prices exact trade prices or averages?
They are weighted average prices; the filer undertakes to provide complete trade-by-trade pricing on request.

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

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
GLOBAL VALUE INVESTMENT CORP.
(Last) (First) (Middle)
1433 N. WATER STREET
SUITE 400
(Street)
MILWAUKEE WI 53202
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Rocky Mountain Chocolate Factory, Inc. [ RMCF ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
10/21/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 10/21/2025 P 14,562 A $1.6537(1) 1,948,326 I See footnotes.(2)(3)
Cmmon Stock 10/22/2025 P 8,775 A $1.7801(1) 1,957,101 I See footnotes.(2)(3)
Common Stock 6,213 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
GLOBAL VALUE INVESTMENT CORP.
(Last) (First) (Middle)
1433 N. WATER STREET
SUITE 400
(Street)
MILWAUKEE WI 53202
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
GVP 2021-A, L.P.
(Last) (First) (Middle)
1433 N. WATER STREET
SUITE 400
(Street)
MILWAUKEE WI 53202
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director 10% Owner
Officer (give title below) X Other (specify below)
GVIC-Controlled Entity
1. Name and Address of Reporting Person*
GVP 2021-A, LLC
(Last) (First) (Middle)
1433 N. WATER STREET
SUITE 400
(Street)
MILWAUKEE WI 53202
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director 10% Owner
Officer (give title below) X Other (specify below)
GVIC-Controlled Entity
1. Name and Address of Reporting Person*
GEYGAN JEFFREY RICHART
(Last) (First) (Middle)
1433 N. WATER STREET
SUITE 400
(Street)
MILWAUKEE WI 53202
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Interim CEO
1. Name and Address of Reporting Person*
GEYGAN JAMES
(Last) (First) (Middle)
1433 N. WATER STREET
SUITE 400
(Street)
MILWAUKEE WI 53202
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director 10% Owner
Officer (give title below) X Other (specify below)
Director and Officer of GVIC
1. Name and Address of Reporting Person*
Wilke Stacy
(Last) (First) (Middle)
1433 N. WATER STREET
SUITE 400
(Street)
MILWAUKEE WI 53202
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director 10% Owner
Officer (give title below) X Other (specify below)
Officer of GVIC
1. Name and Address of Reporting Person*
Geygan Kathleen
(Last) (First) (Middle)
1433 N. WATER STREET
SUITE 400
(Street)
MILWAUKEE WI 53202
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director 10% Owner
Officer (give title below) X Other (specify below)
Director of GVIC
1. Name and Address of Reporting Person*
Rice Shawn G
(Last) (First) (Middle)
1433 N. WATER STREET
SUITE 400
(Street)
MILWAUKEE WI 53202
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director 10% Owner
Officer (give title below) X Other (specify below)
Director of GVIC
Explanation of Responses:
1. The reported price represents a weighted average purchase price. The Reporting Person undertakes to provide to the staff, the issuer, or a security holder full information regarding the number of shares purchased at each separate price.
2. In addition to Global Value Investment Corporation, a Delaware corporation ("GVIC"), this Form 4 is being filed jointly by GVP 2021-A, L.P., a Delaware limited partnership, GVP 2021-A, L.L.C., a Delaware limited liability company, Jeffrey R. Geygan, a citizen of the United States of America, James P. Geygan, a citizen of the United States of America, Stacy A. Wilke, a citizen of the United States of America, Kathleen M. Geygan, a citizen of the United States of America, and Shawn G. Rice, a citizen of the United States of America, each of whom has the same business address as GVIC. GVIC beneficially owns the shares of common stock, par value $0.01 per share ("Common Stock"), of Rocky Mountain Chocolate Factory, Inc. reported on this Form 4.
3. In accordance with Instruction 4(b)(iv), the entire amount of Common Stock held by GVIC is reported herein. Common Stock reported as indirectly owned by GVIC includes shares owned by GVP 2021-A, L.P., GVP 2021-A, L.L.C., Jeffrey R. Geygan, James P. Geygan, Stacy A. Wilke, Kathleen M. Geygan, and Shawn G. Rice.
/s/ James P. Geygan, Chief Executive Officer 10/23/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR