What does the 3,690-share entry represent?

A disposition labeled code J tied to accounts that are no longer advised by GVIC as of November 4, 2025 .

RMCF insider activity: 8,935-share buy, 1.79M indirect stake

Q: What insider transaction did RMCF's Jeffrey R. Geygan report?

On 11/04/2025 , an indirect account purchased 8,935 RMCF shares at a weighted average $1.6389 .

Q: How many RMCF shares does Jeffrey R. Geygan report holding after the transactions?

1,788,093 shares indirectly via GVIC and 185,041 shares directly.

Q: What roles does Jeffrey R. Geygan hold at RMCF?

Interim CEO , Director , and 10% Owner .

Q: Were the purchased shares reported with an exact price?

The filing reports a weighted average price of $1.6389 for the 8,935 shares, with details available upon request.

Q: How are the indirect holdings structured?

They are held through accounts managed by Global Value Investment Corporation , which Mr. Geygan controls.

Filing Impact

(Neutral)

Filing Sentiment

(Positive)

Form Type

Rhea-AI Filing Summary

Rocky Mountain Chocolate Factory (RMCF) interim CEO, director, and 10% owner Jeffrey R. Geygan reported insider activity. On 11/04/2025, an indirect account bought 8,935 common shares at a weighted average price of $1.6389 and a separate line item reflected 3,690 shares as a disposition due to accounts no longer advised by GVIC.

Following these transactions, he reported 1,788,093 shares held indirectly via Global Value Investment Corporation and 185,041 shares held directly.

Insider Trade Summary

Net Buyer: 8,935 shares ($14,644)

Net Buy 3 txns

Insider GEYGAN JEFFREY RICHART

Role Interim CEO

Bought 8,935 shs ($15K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	8,935	$1.6389	$15K
Other	Common Stock	3,690	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 1,791,783 shares (Indirect, By Global Value Investment Corporation); Common Stock — 185,041 shares (Direct)

Footnotes (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. These securities are held in one or more accounts managed indirectly by Global Value Investment Corporation or its subsidiary or its affiliated entities (collectively, "GVIC"). GVIC is controlled by the reporting person. These securities may be deemed to be beneficially owned by the reporting person because he controls GVIC, and GVIC may be deemed to have beneficial ownership of these securities because it serves as the investment manager to separate managed accounts and/or investment partnerships. The reporting person disclaims beneficial ownership in the securities except to the extent of his pecuniary interest, if any, and this report shall not be deemed to be an admission that the reporting person is the beneficial owner of such securities for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. As of November 4, 2025, certain separately managed accounts terminated their relationship with, and are no longer advised by, GVIC. The positions held in such accounts are therefore no longer included herein.

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Form 4 Insider Transactions: What Each Field Means →

11/06/2025 - 04:00 PM

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^*

GEYGAN JEFFREY RICHART

(Last)

(First)

(Middle)

1433 N. WATER STREET

SUITE 400

(Street)

MILWAUKEE

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)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Interim CEO

3. Date of Earliest Transaction (Month/Day/Year)
11/04/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	11/04/2025		P		8,935	A	$1.6389⁽¹⁾	1,791,783	I	By Global Value Investment Corporation⁽²⁾⁽³⁾
Common Stock	11/04/2025		J		3,690	D	⁽⁴⁾	1,788,093	I	By Global Value Investment Corporation⁽²⁾⁽³⁾
Common Stock								185,041	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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. These securities are held in one or more accounts managed indirectly by Global Value Investment Corporation or its subsidiary or its affiliated entities (collectively, "GVIC"). GVIC is controlled by the reporting person. These securities may be deemed to be beneficially owned by the reporting person because he controls GVIC, and GVIC may be deemed to have beneficial ownership of these securities because it serves as the investment manager to separate managed accounts and/or investment partnerships.

3. The reporting person disclaims beneficial ownership in the securities except to the extent of his pecuniary interest, if any, and this report shall not be deemed to be an admission that the reporting person is the beneficial owner of such securities for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

4. As of November 4, 2025, certain separately managed accounts terminated their relationship with, and are no longer advised by, GVIC. The positions held in such accounts are therefore no longer included herein.

	Jeffrey R. Geygan	11/06/2025
	** 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

FAQ

What insider transaction did RMCF's Jeffrey R. Geygan report?

On 11/04/2025, an indirect account purchased 8,935 RMCF shares at a weighted average $1.6389.

How many RMCF shares does Jeffrey R. Geygan report holding after the transactions?

1,788,093 shares indirectly via GVIC and 185,041 shares directly.

What roles does Jeffrey R. Geygan hold at RMCF?

Interim CEO, Director, and 10% Owner.

Were the purchased shares reported with an exact price?

The filing reports a weighted average price of $1.6389 for the 8,935 shares, with details available upon request.

How are the indirect holdings structured?

They are held through accounts managed by Global Value Investment Corporation, which Mr. Geygan controls.