Track Group holder reports over 10% stake
Track Group, Inc. insider entities led by CRC Founders Fund, LP filed an initial Form 3 showing significant indirect ownership.
Sentiment and the balance of points
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Form Type
3
Rhea-AI Filing Summary
Track Group, Inc. insider entities led by CRC Founders Fund, LP filed an initial Form 3 showing significant indirect ownership. CRC Founders reports indirect holdings of 17,555,695 shares of Common Stock and warrants exercisable for 375,000 shares at an exercise price of $0.3500 per share, expiring on April 30, 2036.
The filing is made jointly by CRC Founders Fund, Carlson Ridge Capital, Carlson Ridge Capital GP, and Denver J. Smith, who is a director of Track Group. Each party may be deemed to beneficially own more than 10% of the company’s outstanding Common Stock, while all disclaim beneficial ownership beyond their pecuniary interest.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Smith Denver Johnson, CRC Founders Fund, LP, Carlson Ridge Capital, LLC, Carlson Ridge Capital GP, LLC
Role
Director, 10% Owner | 10% Owner | 10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Warrant | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Warrant — 375,000 contracts (Indirect, CRC Founders Fund, LP);
Common Stock — 17,555,695 shares (Indirect, By CRC Founders Fund, LP)
Footnotes (2)
- F1. This Form 3 is filed jointly by CRC Founders Fund, LP ("CRC Founders"), Carlson Ridge Capital, LLC ("Carlson Ridge Capital"), Carlson Ridge Capital GP, LLC ("Carlson Ridge GP") and Denver J. Smith (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to beneficially own more than 10% of the Issuer's outstanding shares of Common Stock. Mr. Smith is also a director of the Issuer. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
- F2. Represents securities owned directly by CRC Founders. Carlson Ridge Capital, as the investment manager of CRC Founders, may be deemed to beneficially own the securities owned by CRC Founders. Carlson Ridge GP, as the general partner of CRC Founders, may be deemed to beneficially own the securities owned by CRC Founders. Mr. Smith, as the Managing Member of each of Carlson Ridge Capital and Carlson Ridge GP, may be deemed to beneficially own the securities owned by CRC Founders.
Key Figures
Indirect common share holdings: 17,555,695 shares
Warrant underlying shares: 375,000 shares
Warrant exercise price: $0.3500 per share
+3 more
6 metrics
Indirect common share holdings
17,555,695 shares
Common Stock indirectly owned through CRC Founders as of April 30, 2026
Warrant underlying shares
375,000 shares
Underlying Track Group Common Stock for warrants held indirectly
Warrant exercise price
$0.3500 per share
Exercise price for warrants on 375,000 Track Group shares
Warrant expiration date
April 30, 2036
Stated expiration date of CRC Founders’ Track Group warrants
Unknown transaction entries
2 entries
Transaction summary shows two holding entries with unknown code
Ownership threshold
More than 10% of shares
Each reporting person may be deemed a more-than-10% beneficial owner
Key Terms
beneficially own, pecuniary interest, warrant, ten percent owner, +1 more
5 terms
beneficially own financial
"Each of the Reporting Persons may be deemed to beneficially own more than 10% of the Issuer's outstanding shares"
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.
pecuniary interest financial
"Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest"
warrant financial
"Warrant ... conversion_or_exercise_price: "0.3500" ... underlying_security_title: "Common Stock""
A warrant is a time-limited financial contract that gives its holder the right to buy a company's shares at a set price before a specified date, like a coupon that lets you purchase stock at a fixed discount for a limited time. It matters to investors because warrants offer leveraged exposure to a stock’s upside and can dilute existing shareholders if exercised, so they affect potential gains and the company’s outstanding share count.
ten percent owner regulatory
"Each of the Reporting Persons may be deemed to beneficially own more than 10% of the Issuer's outstanding shares of Common Stock"
general partner financial
"Carlson Ridge GP, as the general partner of CRC Founders, may be deemed to beneficially own the securities"
A general partner is the person or firm that runs an investment partnership and legally represents it — they make the day-to-day decisions, choose which assets to buy or sell, and are responsible for the partnership’s obligations. Investors care because the general partner’s judgment, risk-taking and fee and profit-sharing arrangements determine both the potential returns and the level of exposure to losses; think of the GP as the ship’s captain whose skill and honesty shape the voyage’s outcome.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the TRCK Form 3 filed by CRC Founders Fund show?
The Form 3 shows CRC Founders Fund and related entities hold 17,555,695 Track Group Common shares indirectly, plus warrants for 375,000 shares at $0.3500 per share. Each reporting person may be deemed a more-than-10% beneficial owner.
Who are the reporting persons on Track Group (TRCK) Form 3?
Reporting persons are CRC Founders Fund, LP, Carlson Ridge Capital, LLC, Carlson Ridge Capital GP, LLC, and Denver J. Smith. Smith is a Track Group director and managing member of the Carlson Ridge entities, tying him to CRC Founders’ reported holdings and warrants.
Why are the TRCK reporting persons described as more-than-10% owners?
The filing states each reporting person may be deemed to beneficially own more than 10% of Track Group’s outstanding Common Stock based on CRC Founders’ large share position. However, each disclaims beneficial ownership of the securities except to the extent of their pecuniary interest.
How is Denver J. Smith connected to CRC Founders’ TRCK holdings?
Denver J. Smith is a Track Group director and Managing Member of both Carlson Ridge Capital and Carlson Ridge Capital GP. Because those entities manage and act as general partner to CRC Founders, Smith may be deemed to beneficially own CRC Founders’ TRCK securities, subject to his pecuniary interest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
