Five Narrow Lane LP discloses 4.69% SMTK stake in Schedule 13G/A

Rhea-AI Filing Summary

Five Narrow Lane LP has filed an amended Schedule 13G reporting its beneficial ownership of common stock of SmartKem Inc. The filing shows beneficial ownership of 287,187 shares of common stock, representing 4.69% of the outstanding shares. The percentage is calculated based on 6,134,963 shares outstanding as of November 11, 2025, as referenced from a prior Form 10-Q. Five Narrow Lane LP reports sole power to vote and dispose of all 287,187 shares and no shared voting or dispositive power.

The holder also certifies that the securities were not acquired and are not held for the purpose of changing or influencing control of SmartKem Inc., indicating a passive investment position rather than an activist or control-seeking stake.

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

SMARTKEM INC.

(Name of Issuer)

COMMON STOCK, $0.001 PAR VALUE PER SHARE

(Title of Class of Securities)

83193D203

(CUSIP Number)

12/31/2025

(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)

SCHEDULE 13G

CUSIP No. 83193D203

1

Names of Reporting Persons

Five Narrow Lane LP

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

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 287,187.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 287,187.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

287,187.00

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)

4.69 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Note to 5, 7 and 11: Based on 6,134,963 shares outstanding as of November 11, 2025 pursuant to a Form 10-Q filed on November 13, 2025 with the Securities and Exchange Commission.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: SMARTKEM INC.
(b)	Address of issuer's principal executive offices: Manchester Technology Center, Hexagon Tower, Delaunays Road, Blackley, Manchester, M9 8GQ, U.K.
Item 2.
(a)	Name of person filing: Five Narrow Lane LP
(b)	Address or principal business office or, if none, residence: 510 Madison Avenue, Suite 1400, New York, NY 10022
(c)	Citizenship: New York
(d)	Title of class of securities: COMMON STOCK, $0.001 PAR VALUE PER SHARE
(e)	CUSIP No.: 83193D203
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: 287,187.00
(b)	Percent of class: 4.69%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 287,187.00
	(ii) Shared power to vote or to direct the vote: 0 Shares
	(iii) Sole power to dispose or to direct the disposition of: 287,187.00
	(iv) Shared power to dispose or to direct the disposition of: 0 Shares
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
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.

Five Narrow Lane LP

Signature:	/s/ Arie Rabinowitz
Name/Title:	Arie Rabinowitz/Managing Member of the General Partner
Date:	01/21/2026

FAQ

What stake does Five Narrow Lane LP report owning in SMTK?

Five Narrow Lane LP reports beneficial ownership of 287,187 shares of SmartKem Inc. common stock, representing 4.69% of the company’s outstanding common shares.

Is Five Narrow Lane LP an active or passive investor in SmartKem Inc. (SMTK)?

Five Narrow Lane LP certifies that the shares were not acquired and are not held to change or influence the control of SmartKem Inc., indicating a passive investment under Schedule 13G.

How is the 4.69% ownership in SMTK calculated for Five Narrow Lane LP?

The 4.69% figure is based on 287,187 shares owned by Five Narrow Lane LP and 6,134,963 shares outstanding as of November 11, 2025, as disclosed in a SmartKem Form 10-Q.

What voting and dispositive powers does Five Narrow Lane LP have over SMTK shares?

Five Narrow Lane LP reports sole voting power and sole dispositive power over all 287,187 SmartKem Inc. shares, with no shared voting or dispositive power.

Why did Five Narrow Lane LP file an amended Schedule 13G for SMTK?

This Amendment No. 2 to Schedule 13G updates the ownership information for Five Narrow Lane LP in SmartKem Inc., reflecting its position of 287,187 shares, or 4.69% of the class as of the reported date.

What class of securities of SmartKem Inc. does this Schedule 13G/A cover?

The filing covers common stock, $0.001 par value per share, of SmartKem Inc., identified by CUSIP 83193D203.