Tofutti Brands Inc. Schedule 13G reports that LPL Financial LLC, as investment adviser, may be deemed to beneficially own 266,367 shares of Common Stock, representing 5.2% of the class. Percentage is calculated using 5,153,706 shares outstanding as of May 18, 2026.
The filing states the shares are owned by LPL clients who granted discretionary authority to an independent contractor of LPL; those clients retain rights to dividends and sale proceeds. The filing is signed by Jim McHale, EVP, Chief Compliance Officer, dated 07/06/2026.
Positive
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Negative
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Insights
LPL reports a >5% passive stake held in a client-managed capacity.
LPL Financial files a Schedule 13G indicating 266,367 shares (5.2% of the class) held for clients who granted discretionary authority; the filing cites 5,153,706 shares outstanding as of May 18, 2026. The position is reported in an advisory capacity, not as direct proprietary ownership.
Key dependencies include clients' discretionary mandates and the independent contractor's control over disposition; subsequent Form 13D/13G amendments or changes in voting/dispositive power would alter disclosure. Future filings will show any material ownership changes.
Key Figures
Shares beneficially owned:266,367 sharesPercent of class:5.2%Shares outstanding (anchor):5,153,706 shares+2 more
5 metrics
Shares beneficially owned266,367 sharesreported by LPL Financial in Schedule 13G
Percent of class5.2%calculated using 5,153,706 shares outstanding as of May 18, 2026
Shares outstanding (anchor)5,153,706 sharesas of May 18, 2026 (issuer's Form 10-Q)
Filing date / signature07/06/2026Schedule 13G signed by Jim McHale, EVP, Chief Compliance Officer
Shared dispositive power266,367 sharesLPL reports shared power to dispose or direct disposition
"The filing is a Schedule 13G reporting beneficial ownership"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
beneficially ownfinancial
"LPL Financial may be deemed to beneficially own the shares reported herein"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
shared dispositive powerregulatory
"Shared Dispositive Power 266,367.00 is listed on the cover page"
investment adviserfinancial
"LPL Financial LLC, in its capacity as investment adviser, may be deemed to beneficially own"
An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.
What stake does LPL Financial report in Tofutti (TOFB)?
LPL Financial reports beneficial ownership of 266,367 shares, equal to 5.2% of the class. This percentage uses 5,153,706 shares outstanding as of May 18, 2026, per the issuer's Form 10-Q referenced in the filing.
Are the shares reported by LPL owned by the firm or its clients?
The shares are owned by LPL clients who granted discretionary authority to an independent contractor. LPL reports holdings in its capacity as investment adviser, not as direct proprietary ownership.
What voting and dispositive powers does LPL report for these shares?
LPL reports 0 sole voting and dispositive power and 266,367 shared dispositive power. The filing describes shared power arising from LPL's advisory role over client accounts.
What outstanding share base is used to calculate the 5.2% figure?
The filing uses 5,153,706 shares outstanding as of May 18, 2026, as reported in the issuer's Form 10-Q for the period ended March 28, 2026, which the Schedule 13G cites for its percentage calculation.
Who signed the Schedule 13G for LPL Financial and when?
The Schedule 13G is signed by Jim McHale, EVP, Chief Compliance Officer, and dated 07/06/2026. The signature attests to the accuracy of the reported information in the filing.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Tofutti Brands Inc.
(Name of Issuer)
Common Stock, $0.01 par value
(Title of Class of Securities)
88906B105
(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):
88906B105
1
Names of Reporting Persons
LPL Financial 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
CALIFORNIA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
266,367.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
266,367.00
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)
5.2 %
12
Type of Reporting Person (See Instructions)
BD, IA
Comment for Type of Reporting Person: Row 8 and 9. LPL Financial LLC, in its capacity as investment adviser, may be deemed to beneficially own the shares of Common Stock reported herein, which are held by clients who have granted discretionary authority to dispose of or direct the disposition of the shares to an independent contractor of LPL Financial LLC.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Tofutti Brands Inc.
(b)
Address of issuer's principal executive offices:
105 Newfield Ave., Suite H, Edison, NJ 08837
Item 2.
(a)
Name of person filing:
LPL Financial LLC ("LPL")
(b)
Address or principal business office or, if none, residence:
4707 Executive Drive, San Diego, CA 92121
(c)
Citizenship:
California
(d)
Title of class of securities:
Common Stock, $0.01 par value
(e)
CUSIP Number(s):
88906B105
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:
The information requested by this paragraph is incorporated herein by reference to the cover page to this Schedule 13G.
(b)
Percent of class:
The information requested by this paragraph is incorporated herein by reference to the cover page to this Schedule 13G. Percentage ownership is based on 5,153,706 shares of Common Stock outstanding as of May 18, 2026, as reported in the Issuer's Report on Form 10-Q for the period ended March 28, 2026 filed with the Securities and Exchange Commission on May 18, 2026.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
The information requested by this paragraph is incorporated herein by reference to the cover page to this Schedule 13G.
(ii) Shared power to vote or to direct the vote:
The information requested by this paragraph is incorporated herein by reference to the cover page to this Schedule 13G.
(iii) Sole power to dispose or to direct the disposition of:
The information requested by this paragraph is incorporated herein by reference to the cover page to this Schedule 13G.
(iv) Shared power to dispose or to direct the disposition of:
The information requested by this paragraph is incorporated herein by reference to the cover page to this Schedule 13G.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
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.
The shares of Common Stock reported herein by LPL in its capacity as investment adviser are owned by clients who have granted discretionary authority to dispose of or direct the disposition of such shares to an independent contractor of LPL. Those clients have the right to receive, or the power to direct the receipt of, dividends from, or the proceeds from the sale of, such shares. No such clients are known to have such right or power with respect to more than five percent of the Common Stock.
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 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.
