[SCHEDULE 13G] ReposiTrak, Inc. Passive Investment Disclosure (>5%)
Ashford Capital reports 5.57% stake in ReposiTrak
ReposiTrak, Inc. Schedule 13G filed by Ashford Capital Management, Inc. reports beneficial ownership of 1,014,028 shares of common stock, representing 5.57% of the class based on February 17, 2026 outstanding share count.
ReposiTrak, Inc. Schedule 13G filed by Ashford Capital Management, Inc. reports beneficial ownership of 1,014,028 shares of common stock, representing 5.57% of the class based on February 17, 2026 outstanding share count. The filing states these shares are held across separate client accounts, three limited partnerships, and one commingled fund.
Positive
None.
Negative
None.
Insights
Institutional holder discloses a 5.57% stake across client accounts and pooled vehicles.
Ashford Capital Management reports 1,014,028 shares with sole voting and dispositive power over those shares. The percentage is calculated using the issuer's reported 18,203,410 shares outstanding as of February 17, 2026.
Holder concentration is meaningful for registry purposes but below common 10% materiality thresholds; subsequent filings could show changes if accounts or fund allocations shift.
Key Figures
Reported shares beneficially owned:1,014,028 sharesPercent of class:5.57%Shares outstanding used:18,203,410 shares+2 more
5 metrics
Reported shares beneficially owned1,014,028 sharesSchedule 13G filed by Ashford Capital Management
Percent of class5.57%Calculated using 18,203,410 shares outstanding as of February 17, 2026
Shares outstanding used18,203,410 sharesIssuer's December 31, 2025 Quarterly Report, as of February 17, 2026
Sole voting power1,014,028.00Number of shares with sole voting power reported
Filing signature date05/06/2026Schedule 13G signature by Chief Compliance Officer
Key Terms
Schedule 13G, Beneficial ownership, Sole dispositive power, Commingled fund
4 terms
Schedule 13Gregulatory
"Schedule 13G filed by Ashford Capital Management, Inc."
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.
Beneficial ownershipregulatory
"Amount beneficially owned: 1,014,028.00 (b) Percent of class: 5.57%"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Sole dispositive powerregulatory
"(iii) Sole power to dispose or to direct the disposition of: 1,014,028.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
Commingled fundfinancial
"the shares reported ... are held in ... one commingled fund"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake does Ashford Capital hold in ReposiTrak (TRAK)?
Ashford Capital reports beneficial ownership of 1,014,028 shares, equal to 5.57% of the outstanding common stock based on the issuer's February 17, 2026 outstanding share count of 18,203,410 shares.
How is Ashford Capital's reported ownership held?
The filing states the shares are held across separate individual client accounts, three separate limited partnerships, and one commingled fund, with Ashford reporting sole voting and dispositive power over the 1,014,028 shares they report.
Does Ashford Capital have voting control over the reported shares?
Yes. The filing reports sole voting power and sole dispositive power for 1,014,028 shares, with no shared voting or dispositive power disclosed in the excerpt provided.
What outstanding share base was used to calculate the 5.57%?
The percentage is calculated using 18,203,410 shares of common stock outstanding as reported by the issuer in its Form 10-Q for the period ending December 31, 2025, cited as of February 17, 2026.
Who signed the Schedule 13G for Ashford Capital?
The Schedule 13G excerpt is signed by Alex Patseliev, identified as Chief Compliance Officer, with the signature date shown as 05/06/2026.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
ReposiTrak, Inc.
(Name of Issuer)
Common Shares, par value $0.01 per share
(Title of Class of Securities)
700215304
(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):
700215304
1
Names of Reporting Persons
ASHFORD CAPITAL MANAGEMENT INC
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
1,014,028.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
1,014,028.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,014,028.00
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)
5.6 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
ReposiTrak, Inc.
(b)
Address of issuer's principal executive offices:
5282 SOUTH COMMERCE DRIVE, SUITE D292, MURRAY, UTAH, 84107
Item 2.
(a)
Name of person filing:
Ashford Capital Management, Inc.
(b)
Address or principal business office or, if none, residence:
1 Walker's Mill Rd, Wilmington DE 19807
(c)
Citizenship:
A Delaware Corporation
(d)
Title of class of securities:
Common Shares, par value $0.01 per share
(e)
CUSIP Number(s):
700215304
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:
1,014,028.00
(b)
Percent of class:
5.57%. The foregoing percentage is calculated based on 18,203,410 shares of Common Stock reported to be outstanding as of February 17, 2026 in the Issuer's December 31, 2025 Quarterly Report filed on Form 10-Q.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
1,014,028.00
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
1,014,028.00
(iv) Shared power to dispose or to direct the disposition of:
0
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 reported by the Reporting Person, a registered investment advisor, are held in separate individual client accounts, three separate limited partnerships, and one commingled fund.
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.
