Track Group CEO granted 1.0M restricted shares

Track Group’s CEO filed an amended Form 4 to correct the size of a multi-year restricted stock grant vesting from 2027 through 2031.

This filing corrects an earlier one, and you can read the original Form 4 if you want to see what changed.

Rhea-AI Filing Summary

Track Group, Inc. (symbol: TRCK) is the issuer of record for a Form 4/A filing submitted to the SEC. Cassell Derek reported acquisition or exercise transactions in this Form 4 filing.

Track Group, Inc. (TRCK) reported that Chief Executive Officer and director Derek Cassell received a grant of 1,002,000 shares of restricted common stock on August 21, 2026. This Form 4 amendment states it is filed solely to correct the number of restricted shares previously reported.

The restricted stock will vest in five equal installments, with 1/5 vesting on each of April 30, 2027, 2028, 2029, 2030, and 2031. Following this grant, Cassell is reported to hold 1,619,209 shares of Track Group common stock directly.

Insider Trade Summary

Grant/Award: 1,002,000 shares

Grant/Award 1 txn

Insider Cassell Derek

Role CHIEF EXECUTIVE OFFICER

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1, F2	1,002,000	--	--

Holdings After Transaction: Common Stock — 1,619,209 shares (Direct)

Footnotes (2)

1. F1. Represents grant of restricted stock. Shares shall vest 1/5 on April 30, 2027, 1/5 on April 30, 2028, 1/5 on April 30, 2029, 1/5 on April 30, 2030 and 1/5 on April 30, 2031.
2. F2. This amendment to the Form 4 originally filed on August 24, 2026 is being filed solely to correct the number of shares of restricted stock granted to the reporting person.

Key Figures

Restricted stock granted: 1,002,000 shares Shares owned after transaction: 1,619,209 shares Vesting schedule portion: 1/5 of grant +1 more

4 metrics

Restricted stock granted 1,002,000 shares Grant of restricted common stock to CEO on August 21, 2026

Shares owned after transaction 1,619,209 shares Direct holdings of CEO following the restricted stock grant

Vesting schedule portion 1/5 of grant Vests on each of April 30, 2027, 2028, 2029, 2030, and 2031

Number of vesting dates 5 Annual vesting dates for the restricted stock from 2027 to 2031

Key Terms

restricted stock, vest, Form 4

3 terms

restricted stock financial

"Represents grant of restricted stock. Shares shall vest 1/5 on April 30"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

vest financial

"Shares shall vest 1/5 on April 30, 2027, 1/5 on April 30, 2028"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

Form 4 regulatory

"This amendment to the Form 4 originally filed on August 24, 2026"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did TRCK report for its CEO in this amended Form 4?

Track Group reported that CEO Derek Cassell received a grant of 1,002,000 shares of restricted common stock on August 21, 2026, and that this amendment is filed solely to correct the number of restricted shares previously reported.

How do the restricted stock shares for TRCK’s CEO vest?

The 1,002,000 restricted shares granted to Track Group’s CEO vest in five equal installments: 1/5 on April 30 of each year from 2027 through 2031, resulting in pro rata vesting over that five-year period.

What is Derek Cassell’s total TRCK shareholding after this transaction?

After the reported restricted stock grant, Derek Cassell is shown as directly owning 1,619,209 shares of Track Group common stock. This figure comes from the post-transaction holdings reported in the Form 4 amendment.

Why was this Form 4/A amendment filed for TRCK?

The amendment was filed because the company states it is being made solely to correct the number of shares of restricted stock granted to the reporting person in the original Form 4 filed on August 24, 2026.

Is the TRCK CEO’s transaction under a Rule 10b5-1 trading plan?

No. The filing indicates the Rule 10b5-1 checkbox is not affirmed, and the footnotes do not state that the restricted stock grant was made pursuant to a Rule 10b5-1 trading plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/14/2026 - 04:18 PM Accepted by SEC EDGAR 09/14/2026 - 04:17 PM Learn about SEC filing dates

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^*

Cassell Derek

(Last) (First) (Middle)

C/O TRACK GROUP

200 E 5TH AVE, SUITE 100

(Street)

NAPERVILLE ILLINOIS 60563

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Track Group, Inc. [ TRCK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CHIEF EXECUTIVE OFFICER

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)
08/24/2026

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	08/21/2026		A		1,002,000(1)(2)	A	(1)	1,619,209	D

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. Represents grant of restricted stock. Shares shall vest 1/5 on April 30, 2027, 1/5 on April 30, 2028, 1/5 on April 30, 2029, 1/5 on April 30, 2030 and 1/5 on April 30, 2031.

2. This amendment to the Form 4 originally filed on August 24, 2026 is being filed solely to correct the number of shares of restricted stock granted to the reporting person.

	/s/ Derek Cassell	09/14/2026
	** 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.
* Form 4: SEC 1474 (03-26)