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TechPrecision Director reports 10,000-share dispositions, retains 300,902 indirect stake

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

TechPrecision Corporation (TPCS) insider reported multiple open-market disposals of common stock by Walter Schenker, a director and affiliated manager. The filing shows three dispositions totaling 10,000 shares executed on 08/15/2025, which reduced the reporting person’s direct beneficial ownership to 53,220 shares. The report also discloses an indirect holding of 300,902 shares held by MAZ Partners LP, where the reporting person is the manager and disclaims beneficial ownership except for his pecuniary interest. The filing is a standard Section 16 disclosure documenting compliance with insider reporting requirements and clarifies ownership form as direct and indirect.

Positive

  • Transparent disclosure of multiple disposals and indirect holdings in a timely Section 16 filing
  • Clear explanatory note detailing the GP/manager relationship and disclaimer of beneficial ownership

Negative

  • Director sold 10,000 shares in open-market dispositions, reducing direct holdings to 53,220 shares
  • Large indirect position of 300,902 shares is held by MAZ Partners LP, which concentrates economic exposure outside the direct stake

Insights

TL;DR: Director executed modest open-market sales totaling 10,000 shares, reducing direct stake to 53,220 while retaining a larger indirect position.

The transactions reported are three sales coded "G" (Rule 10b5-1 plan or similar) totaling 10,000 shares executed the same day, lowering direct holdings sequentially to 53,220 shares. The report also shows an indirect stake of 300,902 shares held by MAZ Partners LP, disclosed with customary disclaimer of full beneficial ownership. From a market-impact perspective, these sales are clearly disclosed but do not in isolation indicate a change in control or a material shift in economic exposure due to the much larger indirect position.

TL;DR: Filing meets Section 16 transparency; the reporting structure highlights manager/general partner relationships and a standard disclaimer.

The form properly identifies the reporting person as a company director and documents both direct disposals and indirect holdings via MAZ Partners LP. The explanatory note clarifies that MAZ Capital Advisors, LLC is general partner and the reporting person is its sole member/manager, and that the reporting person disclaims beneficial ownership except to the extent of pecuniary interest. This is a routine governance disclosure ensuring investors understand ownership channels and responsibility.

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*
Schenker Walter Milton

(Last) (First) (Middle)
C/O TECHPRECISION CORPORATION
1 BELLA DRIVE

(Street)
WESTMINSTER MA 01473

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
TECHPRECISION CORP [ TPCS ]
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)
08/15/2025
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 08/15/2025 G 2,000 D $0 61,220 D
Common Stock 08/15/2025 G 4,000 D $0 57,220 D
Common Stock 08/15/2025 G 4,000 D $0 53,220 D
Common Stock 300,902 I Held by MAZ Partners LP(1)
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
Explanation of Responses:
1. MAZ Capital Advisors, LLC is the General Partner of MAZ Partners LP, and the reporting person is the sole member and manager of MAZ Capital Advisors, LLC. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
/s/ Phillip Podgorski, attorney-in-fact for Walter Schenker 08/19/2025
** 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.

FAQ

What transactions did Walter Schenker report for TPCS?

The filing shows three dispositions on 08/15/2025 totaling 10,000 shares of TechPrecision common stock, coded as sales.

How many shares does the reporting person directly own after the transactions?

Following the reported transactions the reporting person directly beneficially owns 53,220 shares.

What indirect holdings are disclosed in the Form 4 for TPCS?

The Form 4 discloses an indirect holding of 300,902 shares held by MAZ Partners LP, with an explanatory disclaimer of beneficial ownership.

What is the relationship between the reporting person and MAZ Partners LP?

The filing states MAZ Capital Advisors, LLC is the general partner of MAZ Partners LP and the reporting person is the sole member and manager of MAZ Capital Advisors, LLC.

Does the filing indicate these sales were made under a trading plan?

Each transaction is coded "G", which in this filing context indicates the reported dispositions were made pursuant to a contractual plan or instruction.
Techprecision Corp

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48.26M
8.21M
14.49%
15.75%
0.6%
Metal Fabrication
Fabricated Structural Metal Products
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United States
WESTMINSTER