Stewards Inc (SWRD) closes $2,025,142 private Rule 506(b) equity sale

Rhea-AI Filing Summary

Stewards, Inc., a Nevada corporation incorporated over five years ago and based in Lauderhill, Florida, conducted a private equity offering relying on the Rule 506(b) exemption under Regulation D. The business is classified in the filing as “Other Banking & Financial Services.”

The offering’s reported total amount sold was $2,025,142, with a further $6,974,858 shown as total remaining to be sold, and the offering is stated as closed on June 30, 2026, the same date as the first sale. Finders’ fees were reported as $0, and the issuer elected to decline to disclose its revenue or aggregate net asset size.

Key Figures

Total Amount Sold: $2,025,142 USD Total Remaining to be Sold: $6,974,858 USD Date of First Sale: 2026-06-30 +2 more

5 metrics

Total Amount Sold $2,025,142 USD Total amount sold in Stewards, Inc. exempt equity offering

Total Remaining to be Sold $6,974,858 USD Amount reported as remaining to be sold in the same offering

Date of First Sale 2026-06-30 First sale date for Stewards, Inc. exempt offering

Offering Closed Date June 30, 2026 Statement that the offering closed on June 30, 2026

Finders’ Fees $0 USD Reported finders’ fees associated with the offering

Key Terms

Rule 506(b), Regulation D exemption, Investment Company Act of 1940, covered securities, +2 more

6 terms

Rule 506(b) regulatory

"Federal exemption claimed is Rule 506(b) under Regulation D."

Rule 506(b) is a U.S. securities exemption that lets companies sell shares or debt privately without full public registration, provided sales are primarily to accredited investors, up to 35 non‑accredited but financially knowledgeable buyers, and there is no public advertising or solicitation. It matters to investors because offerings under 506(b) usually include less public disclosure than registered securities—like buying from a private seller rather than a retail store—so buyers must do more of their own fact‑checking and rely on their financial sophistication.

Regulation D exemption regulatory

"Certifying that, if the issuer is claiming a Regulation D exemption for the offering..."

Investment Company Act of 1940 regulatory

"the Investment Company Act of 1940, or any rule or regulation under any of these statutes"

A U.S. federal law that sets the rulebook for pooled investment vehicles such as mutual funds, exchange-traded funds and similar money managers, requiring them to register with regulators, disclose holdings and fees, limit conflicts of interest, and follow governance standards. It matters to investors because these protections and transparency rules act like a referee and scoreboard, helping people compare funds, trust that managers follow fair practices, and spot hidden costs or risks.

covered securities regulatory

"If the securities that are the subject of this Form D are "covered securities" for purposes of NSMIA..."

agent for service of process regulatory

"appointing ... as its agents for service of process, and agreeing that these persons may accept service"

National Securities Markets Improvement Act of 1996 regulatory

"Section 102(a) of the National Securities Markets Improvement Act of 1996 ("NSMIA") imposes limits"

A federal law that harmonizes and simplifies securities regulation by reducing conflicting state rules and giving the U.S. Securities and Exchange Commission primary authority over many aspects of securities offerings and investment adviser registration. Think of it as replacing a patchwork of local traffic laws with one consistent highway code — it lowers compliance costs and makes transactions more predictable, while investors should watch how it balances streamlined markets against the level of state-level protections.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/16/2026 - 06:03 AM Accepted by SEC EDGAR 07/15/2026 - 08:36 PM Learn about SEC filing dates

FAQ

What type of securities did Stewards, Inc. (SWRD) offer in its exempt transaction?

Stewards, Inc. offered equity securities in a private transaction relying on the Rule 506(b) exemption under Regulation D. The issuer is described as a Nevada corporation operating in the “Other Banking & Financial Services” industry group in connection with this exempt offering.

How much was sold in Stewards, Inc. (SWRD)’s private offering?

The notice reports a total amount sold of $2,025,142 in the exempt equity offering. It also lists $6,974,858 as the total remaining to be sold, while stating that the offering has closed, indicating sales stopped at that reported level.

When did the Stewards, Inc. (SWRD) exempt offering occur?

The filing lists the date of first sale as June 30, 2026, and separately states that the offering closed on June 30, 2026. This means the private equity securities were first sold and the offering period ended on the same calendar date.

Which securities law exemption did Stewards, Inc. (SWRD) rely on?

Stewards, Inc. relied on Rule 506(b) of Regulation D as its federal exemption from registration. The certification language also references a Regulation D exemption, confirming that the offering was structured as a private placement to fit that exemption framework.

Did Stewards, Inc. (SWRD) report any finders’ fees in the offering?

The Form D notice specifies finders’ fees of $0 USD for the exempt offering. The form requires separate disclosure of sales commissions and finders’ fees, and the issuer reported that no amounts were paid as finders’ fees in connection with the transaction.

How is Stewards, Inc. (SWRD) described in terms of size and industry?

Stewards, Inc. is identified as a Nevada corporation formed over five years ago, with principal offices in Lauderhill, Florida. For industry classification it is placed in the “Other Banking & Financial Services” group, and it chose “Decline to Disclose” for revenue and asset ranges.

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Intentional misstatements or omissions of fact constitute federal criminal violations. See 18 U.S.C. 1001.

FORM D

Notice of Exempt Offering of Securities

OMB APPROVAL

OMB Number:			3235-0076
Estimated average burden
hours per response:			4.00

1. Issuer's Identity

CIK (Filer ID Number)

Previous Names

None

Entity Type

0001795851

Favo Capital, Inc.

Favo Realty, Inc

X	Corporation
	Limited Partnership
	Limited Liability Company
	General Partnership
	Business Trust
	Other (Specify)

Name of Issuer

Stewards, Inc.

Jurisdiction of Incorporation/Organization

NEVADA

Year of Incorporation/Organization

X	Over Five Years Ago
	Within Last Five Years (Specify Year)
	Yet to Be Formed

2. Principal Place of Business and Contact Information

Name of Issuer
Stewards, Inc.
Street Address 1		Street Address 2
4300 N. UNIVERSITY DRIVE		SUITE D-105
City	State/Province/Country	ZIP/PostalCode	Phone Number of Issuer
LAUDERHILL	FLORIDA	33351	8333286477

3. Related Persons

Last Name	First Name	Middle Name
Quin	Shaun
Street Address 1	Street Address 2
4300 N. UNIVERSITY DRIVE	SUITE D-105
City	State/Province/Country	ZIP/PostalCode
LAUDERHILL	FLORIDA	33351

Relationship: X Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Korte	Vaughan
Street Address 1	Street Address 2
4300 N. UNIVERSITY DRIVE	SUITE D-105
City	State/Province/Country	ZIP/PostalCode
LAUDERHILL	FLORIDA	33351

Relationship: X Executive Officer Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Murless	Katuischia
Street Address 1	Street Address 2
4300 N. UNIVERSITY DRIVE	SUITE D-105
City	State/Province/Country	ZIP/PostalCode
LAUDERHILL	FLORIDA	33351

Relationship: X Executive Officer Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
McGowan	Scott
Street Address 1	Street Address 2
4300 N. UNIVERSITY DRIVE	SUITE D-105
City	State/Province/Country	ZIP/PostalCode
LAUDERHILL	FLORIDA	33351

Relationship: X Executive Officer Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Graeve	Zachary
Street Address 1	Street Address 2
4300 N. UNIVERSITY DRIVE	SUITE D-105
City	State/Province/Country	ZIP/PostalCode
LAUDERHILL	FLORIDA	33351

Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Barsoum	Wael
Street Address 1	Street Address 2
4300 N. UNIVERSITY DRIVE	SUITE D-105
City	State/Province/Country	ZIP/PostalCode
LAUDERHILL	FLORIDA	33351

Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Steward	Glen
Street Address 1	Street Address 2
4300 N. UNIVERSITY DRIVE	SUITE D-105
City	State/Province/Country	ZIP/PostalCode
LAUDERHILL	FLORIDA	33351

Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Bode	John
Street Address 1	Street Address 2
4300 N. UNIVERSITY DRIVE	SUITE D-105
City	State/Province/Country	ZIP/PostalCode
LAUDERHILL	FLORIDA	33351

Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):

4. Industry Group

Agriculture

Banking & Financial Services

Commercial Banking

Insurance

Investing

Investment Banking

Pooled Investment Fund

Is the issuer registered as
an investment company under
the Investment Company
Act of 1940?

Yes No

X

Other Banking & Financial Services

Business Services

Energy

Coal Mining

Electric Utilities

Energy Conservation

Environmental Services

Oil & Gas

Other Energy

	Health Care
	Biotechnology
	Health Insurance
	Hospitals & Physicians
	Pharmaceuticals
	Other Health Care
	Manufacturing
	Real Estate
	Commercial
	Construction
	REITS & Finance
	Residential
	Other Real Estate

Retailing

Restaurants

Technology

Computers

Telecommunications

Other Technology

Travel

Airlines & Airports

Lodging & Conventions

Tourism & Travel Services

Other Travel

Other

5. Issuer Size

Revenue Range		OR	Aggregate Net Asset Value Range
	No Revenues			No Aggregate Net Asset Value
	$1 - $1,000,000			$1 - $5,000,000
	$1,000,001 - $5,000,000			$5,000,001 - $25,000,000
	$5,000,001 - $25,000,000			$25,000,001 - $50,000,000
	$25,000,001 - $100,000,000			$50,000,001 - $100,000,000
	Over $100,000,000			Over $100,000,000
X	Decline to Disclose			Decline to Disclose
	Not Applicable			Not Applicable

6. Federal Exemption(s) and Exclusion(s) Claimed (select all that apply)

		Rule 504(b)(1) (not (i), (ii) or (iii))
		Rule 504 (b)(1)(i)
		Rule 504 (b)(1)(ii)
		Rule 504 (b)(1)(iii)
	X	Rule 506(b)
		Rule 506(c)
		Securities Act Section 4(a)(5)

Investment Company Act Section 3(c)

Section 3(c)(1) Section 3(c)(9)

Section 3(c)(2) Section 3(c)(10)

Section 3(c)(3) Section 3(c)(11)

Section 3(c)(4) Section 3(c)(12)

Section 3(c)(5) Section 3(c)(13)

Section 3(c)(6) Section 3(c)(14)

Section 3(c)(7)

7. Type of Filing

X	New Notice			Date of First Sale	2026-06-30				First Sale Yet to Occur
	Amendment

8. Duration of Offering

Does the Issuer intend this offering to last more than one year? Yes X No

9. Type(s) of Securities Offered (select all that apply)

X	Equity		Pooled Investment Fund Interests
	Debt		Tenant-in-Common Securities
	Option, Warrant or Other Right to Acquire Another Security		Mineral Property Securities
	Security to be Acquired Upon Exercise of Option, Warrant or Other Right to Acquire Security		Other (describe)

10. Business Combination Transaction

Is this offering being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer? Yes X No

Clarification of Response (if Necessary):

11. Minimum Investment

Minimum investment accepted from any outside investor $100 USD

12. Sales Compensation

Recipient	Recipient CRD Number X None
(Associated) Broker or Dealer X None	(Associated) Broker or Dealer CRD Number X None
Street Address 1	Street Address 2
City	State/Province/Country	ZIP/Postal Code
State(s) of Solicitation (select all that apply) Check "All States" or check individual States All States	Foreign/non-US

13. Offering and Sales Amounts

Total Offering Amount	$9,000,000	USD	or Indefinite
Total Amount Sold	$2,025,142	USD
Total Remaining to be Sold	$6,974,858	USD	or Indefinite

Clarification of Response (if Necessary):

The offering closed on June 30, 2026

14. Investors

Select if securities in the offering have been or may be sold to persons who do not qualify as accredited investors, and enter the number of such non-accredited investors who already have invested in the offering.

Regardless of whether securities in the offering have been or may be sold to persons who do not qualify as accredited investors, enter the total number of investors who already have invested in the offering:

17

15. Sales Commissions & Finder's Fees Expenses

Provide separately the amounts of sales commissions and finders fees expenses, if any. If the amount of an expenditure is not known, provide an estimate and check the box next to the amount.

Sales Commissions	$0	USD	Estimate
Finders' Fees	$0	USD	Estimate

Clarification of Response (if Necessary):

16. Use of Proceeds

Provide the amount of the gross proceeds of the offering that has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters in response to Item 3 above. If the amount is unknown, provide an estimate and check the box next to the amount.

$0 USD X Estimate

Clarification of Response (if Necessary):

Signature and Submission

Please verify the information you have entered and review the Terms of Submission below before signing and clicking SUBMIT below to file this notice.

Terms of Submission

In submitting this notice, each issuer named above is:

• Notifying the SEC and/or each State in which this notice is filed of the offering of securities described and undertaking to furnish them, upon written request, in the accordance with applicable law, the information furnished to offerees.*

• Irrevocably appointing each of the Secretary of the SEC and, the Securities Administrator or other legally designated officer of the State in which the issuer maintains its principal place of business and any State in which this notice is filed, as its agents for service of process, and agreeing that these persons may accept service on its behalf, of any notice, process or pleading, and further agreeing that such service may be made by registered or certified mail, in any Federal or state action, administrative proceeding, or arbitration brought against the issuer in any place subject to the jurisdiction of the United States, if the action, proceeding or arbitration (a) arises out of any activity in connection with the offering of securities that is the subject of this notice, and (b) is founded, directly or indirectly, upon the provisions of: (i) the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939, the Investment Company Act of 1940, or the Investment Advisers Act of 1940, or any rule or regulation under any of these statutes, or (ii) the laws of the State in which the issuer maintains its principal place of business or any State in which this notice is filed.

• Certifying that, if the issuer is claiming a Regulation D exemption for the offering, the issuer is not disqualified from relying on Rule 504 or Rule 506 for one of the reasons stated in Rule 504(b)(3) or Rule 506(d).

Each Issuer identified above has read this notice, knows the contents to be true, and has duly caused this notice to be signed on its behalf by the undersigned duly authorized person.

For signature, type in the signer's name or other letters or characters adopted or authorized as the signer's signature.

Issuer	Signature	Name of Signer	Title	Date
Stewards, Inc.	/s/ Katuischia Murless	Katuischia Murless	Chief Financial Officer	2026-07-15

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.

* This undertaking does not affect any limits Section 102(a) of the National Securities Markets Improvement Act of 1996 ("NSMIA") [Pub. L. No. 104-290, 110 Stat. 3416 (Oct. 11, 1996)] imposes on the ability of States to require information. As a result, if the securities that are the subject of this Form D are "covered securities" for purposes of NSMIA, whether in all instances or due to the nature of the offering that is the subject of this Form D, States cannot routinely require offering materials under this undertaking or otherwise and can require offering materials only to the extent NSMIA permits them to do so under NSMIA's preservation of their anti-fraud authority.