Teamshares holders fall below 5% ownership threshold
Teamshares Inc received an amended ownership report from Harraden Circle Investments, LLC and Frederick V. Fortmiller, Jr., who now report beneficial ownership of 479,167 Class A shares, representing 0.09% of the class.
Teamshares Inc received an amended ownership report from Harraden Circle Investments, LLC and Frederick V. Fortmiller, Jr., who now report beneficial ownership of 479,167 Class A shares, representing 0.09% of the class. All voting and dispositive power over these shares is shared, with no sole voting or dispositive authority reported.
The amendment follows an internal reorganization effective June 30, 2026 and states that the reporting persons have ceased to be beneficial owners of more than five percent of Teamshares’ Class A common stock, constituting an exit filing from major-holder status. The shares are held for the accounts of several Harraden-managed investment funds.
Key Figures
Beneficial ownership:479,167 Class A sharesPercent of class:0.09%Shared voting power:479,167 shares+2 more
5 metrics
Beneficial ownership479,167 Class A sharesShares beneficially owned by the reporting persons
Percent of class0.09%Portion of Teamshares Class A common stock beneficially owned
Shared voting power479,167 sharesShares over which voting power is shared
Shared dispositive power479,167 sharesShares over which dispositive power is shared
Effective reorganization date06/30/2026Internal reorganization leading to exit from >5% ownership
"have ceased to be the beneficial owners of more than five percent"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
shared voting powerregulatory
"Shared Voting Power 479,167.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive powerregulatory
"Shared Dispositive Power 479,167.00"
exit filingregulatory
"This Amendment constitutes an exit filing for the Reporting Persons."
investment managerfinancial
"Harraden Adviser serves as investment manager to Harraden Fund"
percent of classfinancial
"Percent of class: 0.09 %"
Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake in Teamshares Inc (TMS) do Harraden Circle and Frederick V. Fortmiller now report?
They report beneficial ownership of 479,167 Class A shares of Teamshares Inc, representing 0.09% of the outstanding Class A common stock, with all voting and dispositive power shared between the reporting persons and affiliated investment funds.
Why did Harraden Circle file this amended Schedule 13G/A for Teamshares Inc (TMS)?
The amendment reports that the reporting persons have ceased to be beneficial owners of more than five percent of Teamshares’ Class A stock following an internal reorganization effective June 30, 2026, and is characterized as an exit filing from major-holder status.
How is voting power over Teamshares Inc (TMS) shares allocated for Harraden Circle?
The reporting persons disclose 0 shares with sole voting power and 479,167 shares with shared voting power. They also report the same split for dispositive power, with no sole authority and 479,167 shares subject to shared dispositive control.
Which entities actually hold the Teamshares Inc (TMS) shares reported by Harraden Circle?
The reported 479,167 Class A shares are held for the accounts of several funds, including Harraden Circle Investors, LP and related Harraden funds, for which Harraden Circle Investments, LLC acts as investment manager with voting and dispositive power.
What is the CUSIP and class of securities reported for Teamshares Inc (TMS)?
The securities are Class A common stock of Teamshares Inc with CUSIP 87821B109. The amendment notes that the issuer was formerly Live Oak Acquisition Corp. V with a different CUSIP prior to its current structure.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Teamshares Inc
(Name of Issuer)
Class A
(Title of Class of Securities)
87821B109
(CUSIP Number)
06/30/2026
(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):
87821B109
1
Names of Reporting Persons
Harraden Circle Investments, LLC
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
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
479,167.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
479,167.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
479,167.00
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)
0.09 %
12
Type of Reporting Person (See Instructions)
OO, IA
SCHEDULE 13G
CUSIP Number(s):
87821B109
1
Names of Reporting Persons
Frederick V. Fortmiller, Jr.
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
0.00
6
Shared Voting Power
479,167.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
479,167.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
479,167.00
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)
0.09 %
12
Type of Reporting Person (See Instructions)
HC, IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Teamshares Inc
(b)
Address of issuer's principal executive offices:
214 SULLIVAN STREET, 3B, NEW YORK, NY, 10012
Item 2.
(a)
Name of person filing:
This Statement is filed on behalf of Harraden Circle Investments, LLC ("Harraden Adviser") and Frederick V. Fortmiller, Jr. ("Mr. Fortmiller") (collectively, the "Reporting Persons").
This Statement relates to Shares (as defined herein) held for the accounts of Harraden Circle Investors, LP ("Harraden Fund"), Harraden Circle Special Opportunities, LP ("Harraden Special Op Fund"), Harraden Circle Strategic Investments, LP ("Harraden Strategic Fund"), and Harraden Circle Concentrated, LP ("Harraden Concentrated Fund"). Harraden Adviser serves as investment manager to Harraden Fund, Harraden Special Op Fund, Harraden Strategic Fund, Harraden Concentrated Fund, and other high net worth individuals and, in such capacity, exercises voting and dispositive power over the Shares reported herein. Mr. Fortmiller is the managing member of Harraden Adviser.
(b)
Address or principal business office or, if none, residence:
885 Third Avenue, Suite 2600B, New York, NY 10022
(c)
Citizenship:
Harraden Adviser is a Delaware limited liability company. Mr. Fortmiller is a citizen of the United States of America.
(d)
Title of class of securities:
Class A
(e)
CUSIP No.:
87821B109
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:
479,167
(b)
Percent of class:
0.09 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
479,167
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
479,167
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.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Certain funds identified in Item 2(a) have the right to receive any dividends from, or the proceeds from the sale of, the securities reported herein.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
See disclosure in Item 2 hereof.
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 acquired and are held in the ordinary course of business and 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.
Harraden Circle Investments, LLC
Signature:
/s/ Frederick V. Fortmiller, Jr.
Name/Title:
Frederick V. Fortmiller, Jr., managing member
Date:
08/14/2026
Frederick V. Fortmiller, Jr.
Signature:
/s/ Frederick V. Fortmiller, Jr.
Name/Title:
Frederick V. Fortmiller, Jr.
Date:
08/14/2026
Comments accompanying signature: This Schedule 13G amends the Schedule 13G filed under Rule 13d-1(c) to remove the reporting persons who, after an internal reorganization effective June 30, 2026, are no longer beneficial owners of the securities reported herein and to change the Rule under which this Schedule 13G is filed to Rule 13d-1(b), because the remaining reporting persons qualify to file Schedule 13G under Rule 13d-1(b).
Explanatory Note: This Amendment is being filed to report that the Reporting Persons have ceased to be the beneficial owners of more than five percent of the outstanding shares of Class A common stock of the "Issuer". This Amendment constitutes an exit filing for the Reporting Persons.
Explanatory Note: This issuer was formerly Live Oak Acquisition Corp. V, formerly CUSIP G5509P102.
