17.5% Saker Aviation (SKAS) stake reported by Eriksen-led investor group

Rhea-AI Filing Summary

Cedar Creek Partners LLC, Eriksen Capital Management LLC and Tim Eriksen report a 17.5% beneficial stake in Saker Aviation Services, Inc. common shares. They collectively own 176,979 shares, based on 1,010,514 shares outstanding as of May 15, 2026.

The group acquired shares in open-market purchases using working capital from Cedar Creek Partners, Eriksen Capital Management managed accounts, and Mr. Eriksen, spending about $741,848, $451,664 and $76,504, respectively. They describe the position as for investment purposes but state they may seek changes in Saker’s operations, governance or capitalization, including potential transactions such as a sale or merger.

Insights

Activist investing analyst

Eriksen-led group discloses a sizable 17.5% stake with potential activist intentions.

The filing shows Cedar Creek Partners, Eriksen Capital Management and Tim Eriksen together beneficially own 176,979 Saker Aviation shares, or 17.5% of the company, acquired via open-market purchases funded by their working capital.

They characterize the holdings as an investment but explicitly leave open options to buy more, sell, or influence outcomes such as operational changes, governance or a potential sale or merger of Saker Aviation. This language is typical of an investor seeking flexibility for future activism.

The impact will depend on whether they actively pursue proposals under Item 4(c)–(j) in future. Investors can track subsequent Schedules 13D/A or company communications for any concrete plans or collaborations that might follow this initial 13D disclosure.

Key Figures

Beneficial ownership: 176,979 shares Ownership percentage: 17.5% Shares outstanding: 1,010,514 shares +5 more

8 metrics

Beneficial ownership 176,979 shares Combined holdings of reporting persons

Ownership percentage 17.5% Of 1,010,514 shares outstanding as of May 15, 2026

Shares outstanding 1,010,514 shares Outstanding as of May 15, 2026 per 10-Q

Cedar Creek purchase cost $741,848 Open-market purchases, excluding commissions

Eriksen Capital accounts cost $451,664 Open-market purchases, excluding commissions

Tim Eriksen personal cost $76,504 Open-market purchases, excluding commissions

Recent purchase price range $6.00–$7.57/share Trades from April 13 to June 11, 2026

Event date June 11, 2026 Date of event requiring Schedule 13D filing

Key Terms

beneficially owned, sole voting power, sole dispositive power, open market purchases, +2 more

6 terms

beneficially owned financial

"The following sets forth the aggregate number and percentage ... of outstanding shares owned beneficially by the Reporting Persons."

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole voting power financial

"Number of Shares Beneficially Owned by Each Reporting Person With: 7 | Sole Voting Power 122,846.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

sole dispositive power financial

"Number of Shares Beneficially Owned by Each Reporting Person With: 9 | Sole Dispositive Power 176,979.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

open market purchases financial

"The shares were acquired in open market purchases with working capital of Cedar Creek Partners LLC, Eriksen Capital Management LLC managed accounts, and Mr. Eriksen."

Open market purchases are buys of a company’s shares (or other securities) made on public exchanges at prevailing market prices rather than through private deals. For investors this matters because when a company buys back its own stock it reduces the number of shares available, which can boost per-share earnings and often signals management’s confidence; it also affects supply, demand and short-term liquidity much like someone quietly buying up items from a crowded marketplace.

working capital financial

"The shares were acquired in open market purchases with working capital of Cedar Creek Partners LLC, Eriksen Capital Management LLC managed accounts, and Mr. Eriksen."

Working capital is the money a business has available to cover its daily expenses, like paying bills and buying supplies. It’s like the cash in your wallet that helps you handle everyday costs; having enough ensures the business can operate smoothly without running into money shortages.

Schedule 13D regulatory

"If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this , and is filing this schedule because of §§ 240.13d-1(e)..."

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

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Available on EDGAR 06/11/2026 - 06:38 PM Accepted by SEC EDGAR 06/11/2026 - 06:38 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

Saker Aviation Services, Inc.

(Name of Issuer)

Common Shares, par value $0.03 per share

(Title of Class of Securities)

32025R104

(CUSIP Number)

Tim Eriksen
8695 Glendale Rd,
Custer, WA, 98240
360-354-3331

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

06/11/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 32025R104

1

Name of reporting person

Eriksen Capital Management LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

WASHINGTON

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 122,846.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 176,979.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

176,979.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

17.5 %

14

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person:

Percentage calculated based on 1,010,514 shares outstanding as of May 15, 2026, as reported in the 10-Q of Saker Aviation, filed with the Securities and Exchange Commission on May 15, 2026.

SCHEDULE 13D

CUSIP Number(s): 32025R104

1

Name of reporting person

Cedar Creek Partners LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

WASHINGTON

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 113,168.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 113,168.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

113,168.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

11.2 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

Percentage calculated based on 1,010,514 shares outstanding as of May 15, 2026, as reported in the 10-Q of Saker Aviation, filed with the Securities and Exchange Commission on May 15, 2026.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Shares, par value $0.03 per share
(b)	Name of Issuer: Saker Aviation Services, Inc.
(c)	Address of Issuer's Principal Executive Offices: 885 Second Ave, New York, NEW YORK , 10017.
Item 2.	Identity and Background
(a)	Cedar Creek Partners LLC, Eriksen Capital Management LLC and Tim Eriksen
(b)	The principal business address of Cedar Creek Partners LLC, Eriksen Capital Management LLC, and Mr. Eriksen is 8695 Glendale Road, Custer, WA 98240.
(c)	The principal business of Cedar Creek Partners LLC is acquiring, holding and disposing of investments in various companies. The principal business of Eriksen Capital Management and Mr. Eriksen is investment advisory services.
(d)	No
(e)	No
(f)	Mr. Eriksen is a citizen of the United States. Cedar Creek Partners LLC and Eriksen Capital Management LLC are Washington limited liability companies.
Item 3.	Source and Amount of Funds or Other Consideration
	The shares were acquired in open market purchases with working capital of Cedar Creek Partners LLC, Eriksen Capital Management LLC managed accounts, and Mr. Eriksen, respectively. The amount of funds expended, excluding commissions, to acquire units held were: Cedar Creek Partners - $741,848; Eriksen Capital Management managed accounts - $451,664; Mr. Eriksen - $76,504.
Item 4.	Purpose of Transaction
	The Reporting Persons acquired shares of Saker Aviation for investment purposes. In pursuing such investment purposes, the Reporting Persons may further purchase, hold, vote, trade, dispose or otherwise deal in the units at times, and in such manner, as they deem advisable to benefit from, among other things, (1) changes in the market prices of the units; (2) changes in the Issuer's operations, business strategy or prospects; or (3) from the sale or merger of the Issuer. To evaluate such alternatives, the Reporting Persons will closely monitor the Issuer's operations, prospects, business development, management, competitive and strategic matters, capital structure, and prevailing market conditions, as well as other economic, securities markets, and investment considerations. Consistent with their investment research methods and evaluation criteria, the Reporting Persons may discuss such matters with the Issuer, other shareholders, industry analysts, existing or potential strategic partners or competitors, investment and financing professionals, sources of credit, and other investors. Such evaluations and discussions may materially affect, and result in, among other things, the Reporting Persons (1) modifying their ownership of the shares; (2) exchanging information with the Issuer pursuant to appropriate confidentiality or similar agreements; (3) proposing changes in the Issuer's operations, governance or capitalization; (4) proposing changes of the Issuer's bylaws; or (5) pursuing one or more of the other actions described in subsections (a) through (j) of Item 4 of Schedule 13D. In addition to the information disclosed in this Statement, the Reporting Persons reserve the right to (1) formulate other plans and proposals; (2) take any actions with respect to their investment in the Issuer, including any or all of the actions set forth in subsections (a) through (j) of Item 4 of Schedule 13D; and (3) acquire additional shares or dispose of some or all of the shares beneficially owned by them, in each case in the open market, through privately negotiated transactions or otherwise. The Reporting Persons may at any time reconsider and change their plans or proposals relating to the foregoing.
Item 5.	Interest in Securities of the Issuer
(a)	The following sets forth the aggregate number and percentage (based on 1,010,514 shares outstanding on May 15, 2026, as reported in the 10-Q of the Issuer filed with the Securities and Exchange Commission on May 15, 2026) of outstanding shares owned beneficially by the Reporting Persons. Cedar Creek Partners LLC ("CCP") 113,168 11.2% Eriksen Capital Management LLC ("ECM") 4,132 5.4% Tim Eriksen ("Mr. Eriksen") 9,678 1.0% Total 176,978 17.5%
(b)	Cedar Creek Partners LLC ("CCP") 113,168 sole power to vote and dispose Eriksen Capital Management LLC ("ECM") 54,132 sole power to dispose Tim Eriksen ("Mr. Eriksen") 9,678 sole power to vote and dispose
(c)	Date Bought Price 4/13/2026 400 $6.82 4/14/2026 2,000 $6.80 4/15/2026 9 $7.57 4/16/2026 5,000 $6.80 4/16/2026 4,000 $6.80 4/16/2026 4,000 $6.80 4/16/2026 3,500 $6.80 4/16/2026 2,500 $6.80 4/16/2026 2,000 $6.80 4/16/2026 1,439 $6.80 4/17/2026 3,100 $6.80 5/12/2026 1,994 $6.75 5/15/2026 1 $13.45 5/27/2026 144 $6.55 6/1/2026 2,855 $6.50 6/1/2026 500 $6.51 6/3/2026 967 $6.51 6/4/2026 533 $6.51 6/11/2026 3,000 $6.00 6/11/2026 554 $6.01
(d)	Not applicable
(e)	Not applicable
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Other than as described herein, there are no contracts, arrangements, understandings or relationships among the Reporting Persons, or between the Reporting Persons and any other person, with respect to the securities of the Issuer.

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.

Eriksen Capital Management LLC

Signature:	/s/ Tim Eriksen
Name/Title:	Tim Eriksen/Managing Member
Date:	06/11/2026

Cedar Creek Partners LLC

Signature:	/s/ Tim Eriksen
Name/Title:	Tim Eriksen/Managing Member
Date:	06/11/2026

FAQ

What stake in Saker Aviation (SKAS) is reported in this Schedule 13D?

The reporting group discloses beneficial ownership of 176,979 Saker Aviation common shares, representing about 17.5% of outstanding stock based on 1,010,514 shares as of May 15, 2026. This makes them a significant minority shareholder with potential influence.

Who are the reporting persons in the Saker Aviation (SKAS) Schedule 13D?

The filing names Cedar Creek Partners LLC, Eriksen Capital Management LLC and Tim Eriksen as reporting persons. Cedar Creek and Eriksen Capital are Washington limited liability companies, and Mr. Eriksen is a U.S. citizen providing investment advisory services and managing related accounts.

How much did the Eriksen group spend to acquire Saker Aviation (SKAS) shares?

The group reports open-market purchases funded with working capital: Cedar Creek Partners spent $741,848, Eriksen Capital Management managed accounts spent $451,664, and Tim Eriksen personally spent $76,504. These figures exclude commissions and reflect cumulative acquisition costs.

What is the investment purpose stated for the Saker Aviation (SKAS) stake?

The reporting persons state they acquired Saker Aviation shares for investment purposes. They may buy more, hold, trade or sell shares, and could engage the company on operations, governance, capitalization, or strategic alternatives, including a possible sale or merger, depending on future evaluations.

Could this Saker Aviation (SKAS) Schedule 13D indicate potential activism?

The group reserves the right to propose changes in Saker’s operations, governance, capitalization or bylaws and to consider actions referenced in Item 4(a)-(j). While no specific plan is committed, such language often signals willingness to engage actively with company management.

What trading activity in Saker Aviation (SKAS) shares is detailed in the filing?

The filing lists numerous open-market buys from April 13, 2026 through June 11, 2026, with share prices generally around $6.00–$7.57 per share. Individual trades range from single-share purchases to blocks of 5,000 shares across multiple days.