Michael Rapoport filed an amendment to a Schedule 13G/A reporting beneficial ownership of 548,830 shares of Swarmer, Inc. The filing states this equals 4.99% of the class, giving effect to a 4.99% beneficial ownership blocker on outstanding warrants.
The filing breaks the position into 475,000 shares held by Broadband Capital Investments LLC and 73,830 shares issuable upon exercise of warrants and pre-funded warrants. It cites March 18, 2026 disclosure that there were 10,998,609 shares outstanding as of the referenced offering completion.
Positive
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Insights
Filing clarifies beneficial ownership and applies a 4.99% blocker on warrants.
The statement attributes sole voting and dispositive power to Michael Rapoport over shares held by Broadband Capital Investments LLC and an IRA, and reports an aggregate position of 548,830 shares (stated as 4.99% of the class).
The filing notes the Blocker limits warrant conversion impact; cash‑flow treatment and any planned disposals are not stated. Subsequent filings would show any changes in holdings or exercises.
Key Figures
Beneficial ownership:548,830 sharesPercent of class:4.99%Shares outstanding:10,998,609 shares+2 more
5 metrics
Beneficial ownership548,830 sharesaggregate reported position
Percent of class4.99%percentage after giving effect to the Blocker
Shares outstanding10,998,609 sharesas disclosed in Form 8-K referenced in filing (completion of offering)
Broadband-held shares475,000 sharesheld by Broadband Capital Investments LLC
Warrants issuable shares73,830 sharesissuable upon exercise of warrants and pre-funded warrants
"The Warrants are subject to a 4.99% beneficial ownership blocker"
pre-funded warrantsfinancial
"pre-funded warrants (the "Pre-Funded Warrants" and together with the Common Warrants, the "Warrants")"
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.
Schedule 13G/Aregulatory
"This statement is being filed by Michael Rapoport."
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.
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Swarmer, Inc
(Name of Issuer)
Common Stock, par value $0.00001 per share
(Title of Class of Securities)
86989Y109
(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):
86989Y109
1
Names of Reporting Persons
Michael Rapoport
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 STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
548,830.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
548,830.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
548,830.00
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)
4.99 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: Consists of (i) 475,000 shares of common stock of Swarmer, Inc (the "Issuer") held by Broadband Capital Investments LLC ("Broadband") over which Michael Rapp (the "Reporting Person") holds sole voting and dispositive power and (ii) 73,830 shares of common stock issuable upon the exercise of Warrants (as defined in item 4(a) below) over which the Reporting Person holds sole voting and dispositive power. The Warrants are subject to a 4.99% beneficial ownership blocker (the "Blocker"). Accordingly, securities reported in rows (5), (7) and (9) do not show the number of shares of common stock that would be issuable upon full exercise of the Warrants, and the percentage in row (11) gives effect to the Blocker.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Swarmer, Inc
(b)
Address of issuer's principal executive offices:
4515 Seton Center Pkwy #330 Austin, TX 78759
Item 2.
(a)
Name of person filing:
This statement is being filed by Michael Rapoport.
The Reporting Person has sole voting and dispositive power over the shares and Warrants held by Broadband and the Michael Rappoport Roth IRA (the "IRA"). The Reporting Person is the managing member of Broadband. The Reporting Person has the sole authority and responsibility for the investments made on behalf of Broadband and the IRA, and, as such, the Reporting Person may be deemed to be the beneficial owner of all shares of common stock and Warrants held by Broadband and the IRA, as applicable.
(b)
Address or principal business office or, if none, residence:
The principal business address for the Reporting Person is 319 Clematis St., Suite 300, West Palm Beach, FL 33401.
(c)
Citizenship:
USA
(d)
Title of class of securities:
Common Stock, par value $0.00001 per share
(e)
CUSIP No.:
86989Y109
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 the Reporting Person's cover page to this Schedule 13G sets forth the aggregate number of (i) shares of common stock held by Broadband over which the Reporting Person holds sole voting and dispositive power and (ii) shares of common stock issuable in any combination upon any (x) exercise of warrants (the "Common Warrants") held by the IRA over which the Reporting Person holds sole voting and dispositive power (subject to the limitations of the Blocker) and (y) pre-funded warrants (the "Pre-Funded Warrants" and together with the Common Warrants, the "Warrants") held by Broadband over which the Reporting Person holds sole voting and dispositive power (subject to the limitations of the Blocker) as of the date of the event which requires filing of this statement and is incorporated herein by reference.
(b)
Percent of class:
Row (11) of the Reporting Person's cover page to this Schedule 13G sets forth the percent of class of securities set forth on row (9) as of the date of the event which requires filing of this statement and is incorporated herein by reference after giving effect to the Blocker. The Company's Current Report on Form 8-K filed on March 18, 2026 indicates there were 10,998,609 shares of common stock outstanding as of the completion of the offering of the common stock referred to therein
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
The information required by Item 4(c)(i) is set forth in Row (5) of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(ii) Shared power to vote or to direct the vote:
The information required by Item 4(c)(ii) is set forth in Row (6) of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(iii) Sole power to dispose or to direct the disposition of:
The information required by Item 4(c)(iii) is set forth in Row (7) of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(iv) Shared power to dispose or to direct the disposition of:
The information required by Item 4(c)(iv) is set forth in Row (8) of the cover page for each of the Reporting Persons and is incorporated herein by reference.
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.
What does Michael Rapoport's Schedule 13G/A for SWMR report?
Direct answer: It reports beneficial ownership of 548,830 shares, equal to 4.99% of the class after a blocker. Context: The position includes 475,000 shares held by Broadband and 73,830 shares issuable upon warrant exercise.
How is the 4.99% ownership percentage calculated in the filing?
Direct answer: The percentage gives effect to a 4.99% beneficial ownership blocker on the reported warrants. Context: The filing references 10,998,609 shares outstanding as of the offering completion disclosed on March 18, 2026.
What instruments make up the reported 548,830 shares?
Direct answer: The total comprises 475,000 shares held by Broadband Capital Investments LLC and 73,830 shares issuable upon exercise of Common Warrants and Pre-Funded Warrants. Context: The Reporting Person holds sole voting and dispositive power over these holdings.
Does the Schedule 13G/A show any sales or purchases by Rapoport?
Direct answer: No trades are reported; the filing discloses ownership only. Context: The statement attributes voting and dispositive power and explains the Blocker; it does not describe any acquisitions, dispositions, or cash proceeds.
