[SCHEDULE 13G/A] Sharps Technology Inc. Amended Passive Investment Disclosure
Sharps Technology insiders report 9.99% stake cap
Sharps Technology, Inc. reporting persons filed an amended Schedule 13G/A disclosing shared beneficial ownership positions in the company's common stock as of May 15, 2026.
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Sharps Technology, Inc. reporting persons filed an amended Schedule 13G/A disclosing shared beneficial ownership positions in the company's common stock as of May 15, 2026.
The filing lists aggregate holdings including 4,355,147 shares attributable to Wei Zhu (capped at 9.99% by warrant blockers) and shows a disclosed outstanding share base of 42,322,168 shares as of May 8, 2026. The filing states pre-funded warrants exercisable for 4,234,615 shares and stapled warrants exercisable for 5,384,615 shares held by Bastion Trading.
"Each of the Pre-Funded Warrants and the Stapled Warrants contains a provision (the "Beneficial Ownership Blockers")"
Pre-Funded Warrantsfinancial
"includes (i) 311,495 shares of common stock; (ii) pre-funded warrants (the "Pre-Funded Warrants") exercisable for up to 4,234,615 shares"
Pre-funded warrants are financial instruments that give investors the right to purchase a company's stock at a set price, but with most or all of the purchase price paid upfront. They function like a coupon or gift card for stock, allowing investors to buy shares later at a fixed price, which can be beneficial if they want to avoid future price increases. This makes them important for investors seeking flexibility and certainty in their investment plans.
Stapled Warrantsfinancial
"and (iii) warrants (the "Stapled Warrants" and, together with the Pre-Funded Warrants, the "Warrants") exercisable for up to 5,384,615 shares"
Stapled warrants are financial instruments that are permanently attached to another security, such as a share or unit, and cannot be bought or sold on their own. They give the holder the right to buy additional shares at a set price within a set time, creating potential extra upside or dilution; think of them like a discount coupon that comes fixed to a product — it can boost future returns but also affects overall share supply and valuation for investors.
Schedule 13G/Aregulatory
"The names of the persons filing this report (collectively, the "Reporting Persons") are: Bastion Trading Limited ..."
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What ownership does Wei Zhu report in STSS?
Wei Zhu reports beneficial ownership of 4,355,147 shares, reflecting a capped ownership percentage of 9.99% due to warrant Beneficial Ownership Blockers. The percentage basis uses 42,322,168 shares outstanding as of May 8, 2026.
How many shares does Bastion Trading hold or control in STSS?
Bastion Trading directly holds 311,495 shares and holds Warrants exercisable for up to 9,619,230 combined shares (including 4,234,615 pre-funded and 5,384,615 stapled warrants). Exercise is limited by the filing's ownership blockers.
What outstanding share count does the filing use for STSS calculations?
The filing uses 42,322,168 shares of common stock outstanding as of May 8, 2026, as reported in the issuer's Form 10-Q filed May 14, 2026, to compute percentage ownerships stated in the Schedule 13G/A.
Do the warrants held by Bastion Trading have exercise limits?
Yes. Each Pre-Funded and Stapled Warrant contains a Beneficial Ownership Blocker that prevents exercise to the extent such exercise would cause ownership above specified caps, including a 9.99% cap for Bastion Trading and a 4,355,147-share practical limit tied to Mr. Zhu.
Which entities are listed as reporting persons on the Schedule 13G/A for STSS?
The reporting persons are Bastion Trading Limited, Bastion Holdings Limited, Lucio Holding Limited, and Wei Zhu, with addresses and citizenships noted and a joint filing agreement executed as Exhibit 99.1.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Sharps Technology, Inc.
(Name of Issuer)
Common Stock, $0.0001 par value per share
(Title of Class of Securities)
82003F309
(CUSIP Number)
03/31/2026
(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)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
82003F309
1
Names of Reporting Persons
Bastion Trading Limited
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
VIRGIN ISLANDS, BRITISH
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,584,401.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,584,401.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,584,401.00
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)
3.6 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
CUSIP Number(s):
82003F309
1
Names of Reporting Persons
Bastion Holdings Limited
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
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,584,401.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,584,401.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,584,401.00
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)
3.6 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
CUSIP Number(s):
82003F309
1
Names of Reporting Persons
Lucio Holding Limited
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
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
2,770,746.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,770,746.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,770,746.00
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)
6.5 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
82003F309
1
Names of Reporting Persons
Wei Zhu
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
UNITED KINGDOM
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
4,355,147.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
4,355,147.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,355,147.00
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)
9.9 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Sharps Technology, Inc.
(b)
Address of issuer's principal executive offices:
105 Maxess Road, Melville, NY, 11747.
Item 2.
(a)
Name of person filing:
The names of the persons filing this report (collectively, the "Reporting Persons") are:
Bastion Trading Limited ("Bastion Trading")
Bastion Holdings Limited ("Bastion Holdings")
Lucio Holding Limited ("Lucio Holding")
Wei Zhu ("Mr. Zhu")
The Reporting Persons expressly disclaim status as a "group" for purposes of this Schedule 13G.
(b)
Address or principal business office or, if none, residence:
Office 4, Ground Floor, Parcel 134
Block 2837E, Road Town
Tortola, British Virgin Islands
(c)
Citizenship:
Bastion Trading British Virgin Islands
Bastion Holdings Cayman Islands
Lucio Holding Cayman Islands
Mr. Zhu United Kingdom
(d)
Title of class of securities:
Common Stock, $0.0001 par value per share
(e)
CUSIP No.:
82003F309
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:
Row 9 of each Reporting Person's cover page to this Schedule 13G sets forth the aggregate number of shares of common stock of the Issuer beneficially owned by such Reporting Person as of May 15, 2026 and is incorporated by reference.
The Reporting Persons' ownership of the Issuer's securities includes (i) 311,495 shares of common stock; (ii) pre-funded warrants (the "Pre-Funded Warrants") exercisable for up to 4,234,615 shares of common stock; and (iii) warrants (the "Stapled Warrants" and, together with the Pre-Funded Warrants, the "Warrants") exercisable for up to 5,384,615 shares of common stock held directly by Bastion Trading and (ii) 2,770,746 shares of common stock held directly by Lucio Holding. Each of the Pre-Funded Warrants and the Stapled Warrants contains a provision (the "Beneficial Ownership Blockers") which precludes exercise of the Warrants to the extent that, following exercise, Bastion Trading, together with its affiliates and other attribution parties, would own more than 9.99% of the common stock outstanding. Bastion Trading is currently prohibited from exercising the Warrants to the extent that such exercise would result in Mr. Zhu's beneficial ownership of more than 4,355,147 shares of common stock.
Bastion Trading is wholly owned by Bastion Holdings and Mr. Zhu is the director of Bastion Holdings and the indirect control person of Bastion Trading. Each of Bastion Holdings and Mr. Zhu may be deemed to share voting and investment authority over the shares held by Bastion Trading.
Mr. Zhu is the director of Lucio Holding and may be deemed to share voting and investment authority over the shares held by Lucio Holding.
(b)
Percent of class:
Row 11 of each Reporting Person's cover page to this Schedule 13G sets forth the percentages of the shares of common stock of the Issuer beneficially owned by such Reporting Person as of May 15, 2026 and is incorporated by reference.
The percentage set forth in each row 11 is based upon 42,322,168 shares of common stock outstanding as of May 8, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (the "SEC") on May 14, 2026 and, in the case of Bastion Trading, Bastion Holdings and Mr. Zhu, 1,272,906 shares of common stock issuable upon the exercise of Warrants held by Bastion Trading within 60 days. Due to the Beneficial Ownership Blocker in the Warrants, Mr. Zhu's beneficial ownership percentage is 9.99%. Due to field limitations of the EDGAR filing system, the percentage listed in Row 11 of Mr. Zhu's cover page has been rounded down to 9.9%.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Row 5 of each Reporting Person's cover page to this Schedule 13G sets forth the sole power to vote or to direct the vote of securities of the Issuer beneficially owned by such Reporting Person as of May 15, 2026 and is incorporated by reference.
(ii) Shared power to vote or to direct the vote:
Row 6 of each Reporting Person's cover page to this Schedule 13G sets forth the shared power to vote or to direct the vote of securities of the Issuer beneficially owned by such Reporting Person as of May 15, 2026 and is incorporated by reference.
(iii) Sole power to dispose or to direct the disposition of:
Row 7 of each Reporting Person's cover page to this Schedule 13G sets forth the sole power to dispose or to direct the disposition of securities of the Issuer beneficially owned by such Reporting Person as of May 15, 2026 and is incorporated by reference.
(iv) Shared power to dispose or to direct the disposition of:
Row 8 of each Reporting Person's cover page to this Schedule 13G sets forth the shared power to dispose or to direct the disposition of securities of the Issuer beneficially owned by such Reporting Person as of May 15, 2026 and is incorporated by reference.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
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 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.
