Trustee updates SCI Engineered Materials (SCIA) stake to 3.5% after share sales
Rhea-AI Filing Summary
SCI Engineered Materials, Inc. shareholder Curtis A. Loveland filed an amended Schedule 13D reporting his holdings in the company’s common stock. As trustee of generation-skipping irrevocable trusts established by Edward R. and Ingeborg V. Funk, he is deemed to beneficially own 158,656 shares, representing 3.5% of the outstanding common stock, and has sole voting and dispositive power over these shares, while expressly disclaiming beneficial ownership.
The filing details multiple open-market sales by the trusts in November and December 2025, including transactions such as 25,000 shares on November 12, 2025 at a weighted average price of $5.00 and additional sales through December 29, 2025 at prices generally around $5.00–$5.50 per share. The event date triggering this amendment is listed as December 31, 2025.
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