STOCK TITAN

[Form 4] Sacks Parente Golf, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Reporting person Brett Widney exercised a Series B warrant via a cashless alternative exercise on 08/27/2025, resulting in issuance of common stock. The exercise converted 833 Series B warrants into 14,286 shares of the issuer's common stock for no additional cash consideration, reflecting adjustments for a 1-for-30 reverse split completed March 14, 2025. After the transaction the reporting person beneficially owned 148,404 shares of common stock. The filing lists the reporting person as a director and was signed on 08/29/2025.

Il dichiarante Brett Widney ha esercitato un warrant di Serie B mediante esercizio alternativo senza versamento di contanti il 27/08/2025, con conseguente emissione di azioni ordinarie. L’esercizio ha convertito 833 warrant di Serie B in 14.286 azioni ordinarie della società senza alcun corrispettivo in denaro, comprendendo gli adeguamenti dovuti al raggruppamento azionario 1-per-30 completato il 14 marzo 2025. Dopo l’operazione il dichiarante deteneva beneficiariamente 148.404 azioni ordinarie. La comunicazione indica il dichiarante come amministratore ed è stata firmata il 29/08/2025.

La persona informante Brett Widney ejerció una garantía Serie B mediante un ejercicio alternativo sin pago en efectivo el 27/08/2025, lo que resultó en la emisión de acciones ordinarias. El ejercicio convirtió 833 garantías Serie B en 14.286 acciones ordinarias de la emisora sin pago adicional en efectivo, reflejando los ajustes por una consolidación de acciones 1 a 30 completada el 14 de marzo de 2025. Tras la transacción, la persona informante poseía de forma beneficiaria 148.404 acciones ordinarias. El informe indica que la persona informante es director y fue firmado el 29/08/2025.

보고자 브렛 위드니(Brett Widney)는 2025년 8월 27일 현금지급 없는 대체 행사 방식으로 시리즈 B 워런트를 행사하여 보통주가 발행되었습니다. 이번 행사로 833개의 시리즈 B 워런트가 추가 현금 지불 없이 발행회사 보통주 14,286주로 전환되었으며, 이는 2025년 3월 14일 완료된 주식 1대30 액면 병합(리버스 스플릿)에 대한 조정이 반영된 것입니다. 거래 후 보고자는 보통주 148,404주를 실질적으로 보유하고 있었습니다. 제출서류에는 보고자가 이사로 기재되어 있으며 2025년 8월 29일에 서명되었습니다.

La personne déclarante Brett Widney a exercé un warrant de série B par un exercice alternatif sans contrepartie en espèces le 27/08/2025, entraînant l’émission d’actions ordinaires. L’exercice a converti 833 warrants de série B en 14 286 actions ordinaires de l’émetteur sans versement supplémentaire en espèces, reflétant les ajustements liés à une réduction du nombre d’actions (reverse split) au ratio 1 pour 30 réalisée le 14 mars 2025. Après la transaction, la personne déclarante détenait à titre bénéficiaire 148 404 actions ordinaires. Le document indique que la personne déclarante est administrateur et a été signé le 29/08/2025.

Der meldepflichtige Brett Widney übte am 27.08.2025 eine Series-B-Warrant mittels einer bargeldlosen Alternativausübung aus, woraufhin Stammaktien ausgegeben wurden. Durch die Ausübung wurden 833 Series-B-Warrants in 14.286 Stammaktien des Emittenten umgewandelt, ohne zusätzliche Barzahlung, wobei Anpassungen für einen 1-zu-30 Reverse-Split berücksichtigt wurden, der am 14. März 2025 abgeschlossen wurde. Nach der Transaktion hielt die meldende Person wirtschaftlich 148.404 Stammaktien. Die Meldung führt die Person als Direktor auf und wurde am 29.08.2025 unterzeichnet.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Insider used a cashless warrant exercise to increase direct common stock holdings by 14,286 shares.

The transaction shows an insider exercise of Series B warrants through a cashless provision, yielding 14,286 common shares and raising the insider's direct stake to 148,404 shares. This is a standard Section 16 disclosure and does not state any sale or disposition of shares. The adjusted numbers reflect a prior 1-for-30 reverse split, which is properly noted in the explanation. For investors, the item signals an insider converting derivative exposure into direct equity rather than selling into the market.

TL;DR: The director increased beneficial ownership via warrant exercise; disclosure is compliant and informative.

The Form 4 identifies the reporting person as a director and discloses a non‑cash exercise of warrants on 08/27/2025. The filing includes the post-transaction beneficial ownership figure and explains the impact of the 1-for-30 reverse split on reported amounts. The form appears complete, signed, and timely filed. There is no indication of sales, pledged shares, or other compensatory arrangements in this filing.

Il dichiarante Brett Widney ha esercitato un warrant di Serie B mediante esercizio alternativo senza versamento di contanti il 27/08/2025, con conseguente emissione di azioni ordinarie. L’esercizio ha convertito 833 warrant di Serie B in 14.286 azioni ordinarie della società senza alcun corrispettivo in denaro, comprendendo gli adeguamenti dovuti al raggruppamento azionario 1-per-30 completato il 14 marzo 2025. Dopo l’operazione il dichiarante deteneva beneficiariamente 148.404 azioni ordinarie. La comunicazione indica il dichiarante come amministratore ed è stata firmata il 29/08/2025.

La persona informante Brett Widney ejerció una garantía Serie B mediante un ejercicio alternativo sin pago en efectivo el 27/08/2025, lo que resultó en la emisión de acciones ordinarias. El ejercicio convirtió 833 garantías Serie B en 14.286 acciones ordinarias de la emisora sin pago adicional en efectivo, reflejando los ajustes por una consolidación de acciones 1 a 30 completada el 14 de marzo de 2025. Tras la transacción, la persona informante poseía de forma beneficiaria 148.404 acciones ordinarias. El informe indica que la persona informante es director y fue firmado el 29/08/2025.

보고자 브렛 위드니(Brett Widney)는 2025년 8월 27일 현금지급 없는 대체 행사 방식으로 시리즈 B 워런트를 행사하여 보통주가 발행되었습니다. 이번 행사로 833개의 시리즈 B 워런트가 추가 현금 지불 없이 발행회사 보통주 14,286주로 전환되었으며, 이는 2025년 3월 14일 완료된 주식 1대30 액면 병합(리버스 스플릿)에 대한 조정이 반영된 것입니다. 거래 후 보고자는 보통주 148,404주를 실질적으로 보유하고 있었습니다. 제출서류에는 보고자가 이사로 기재되어 있으며 2025년 8월 29일에 서명되었습니다.

La personne déclarante Brett Widney a exercé un warrant de série B par un exercice alternatif sans contrepartie en espèces le 27/08/2025, entraînant l’émission d’actions ordinaires. L’exercice a converti 833 warrants de série B en 14 286 actions ordinaires de l’émetteur sans versement supplémentaire en espèces, reflétant les ajustements liés à une réduction du nombre d’actions (reverse split) au ratio 1 pour 30 réalisée le 14 mars 2025. Après la transaction, la personne déclarante détenait à titre bénéficiaire 148 404 actions ordinaires. Le document indique que la personne déclarante est administrateur et a été signé le 29/08/2025.

Der meldepflichtige Brett Widney übte am 27.08.2025 eine Series-B-Warrant mittels einer bargeldlosen Alternativausübung aus, woraufhin Stammaktien ausgegeben wurden. Durch die Ausübung wurden 833 Series-B-Warrants in 14.286 Stammaktien des Emittenten umgewandelt, ohne zusätzliche Barzahlung, wobei Anpassungen für einen 1-zu-30 Reverse-Split berücksichtigt wurden, der am 14. März 2025 abgeschlossen wurde. Nach der Transaktion hielt die meldende Person wirtschaftlich 148.404 Stammaktien. Die Meldung führt die Person als Direktor auf und wurde am 29.08.2025 unterzeichnet.

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*
Hoge Brett Widney

(Last) (First) (Middle)
551 CALLE SAN PABLO

(Street)
CAMARILLO, CA 93012

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Newton Golf Company, Inc. [ NWTG ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/27/2025
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)
Code V Amount (A) or (D) Price
Common Stock 08/27/2025 X 14,286(1) A $0 148,404 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Series B Warrants $72(2) 08/27/2025 X 833(2) 02/26/2025 08/26/2027 Common Stock 833(2) $0 0 D
Explanation of Responses:
1. On August 27, 2025, the reporting person exercised a Series B Warrant to purchase 833 shares of the issuer's common stock under an alternative cashless exercise provision, pursuant to which the reporting person received 14,286 shares of the issuer's common stock for no additional consideration.
2. The number of shares of common stock and exercise price reflect adjustments for the 1-for-30 reverse stock split of the issuer that was effected on March 14, 2025.
/s/ Brett Hoge 08/29/2025
** 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.
Sacks Parente

NASDAQ:SPGC

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5.00M
6.53M
26.71%
3.86%
66.85%
Leisure
Sporting & Athletic Goods, Nec
Link
United States
CAMARILLO