Track Group (TRCK) CIO acquires 60,000 shares in private placement

Rhea-AI Filing Summary

Track Group, Inc. Chief Information Officer Timothy Hardy acquired 60,000 shares of common stock on April 30, 2026. The shares were obtained in a private placement directly from the company at $0.35 per share, bringing his directly held position to 60,000 shares.

The transaction was carried out under a Securities Purchase Agreement approved by the board of directors and treated as exempt under Rule 16b-3 of the Exchange Act, indicating it was a board-sanctioned insider acquisition rather than an open-market trade.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Hardy Timothy

Role Chief Information Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	60,000	$0.35	$21K

Holdings After Transaction: Common Stock — 60,000 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares acquired: 60,000 shares Acquisition price: $0.35 per share Post-transaction holdings: 60,000 shares +2 more

5 metrics

Shares acquired 60,000 shares Common Stock acquired April 30, 2026

Acquisition price $0.35 per share Private placement transaction price

Post-transaction holdings 60,000 shares Direct ownership after acquisition

Transaction code A (Grant, award, or other acquisition) SEC Form 4 transaction code description

Transaction date April 30, 2026 Date of acquisition

Key Terms

private placement, Securities Purchase Agreement, Rule 16b-3, Exchange Act

4 terms

private placement financial

"Shares purchased in a private placement transaction directly from the Company"

A private placement is a way for companies to raise money by selling securities directly to a small group of investors instead of through a public offering. This process is often quicker and less regulated, making it similar to offering a special, exclusive investment opportunity to select individuals or institutions. For investors, it can provide access to unique investment options that are not available on public markets.

Securities Purchase Agreement financial

"pursuant to a Securities Purchase Agreement, dated April 30, 2026"

A securities purchase agreement is a written contract between a buyer and a seller outlining the terms for buying or selling financial assets such as stocks or bonds. It specifies details like the price, quantity, and conditions of the transaction, similar to a shopping list with agreed-upon terms. For investors, it provides clarity and legal protection when transferring ownership of these financial instruments.

Rule 16b-3 regulatory

"deemed an exempt transaction pursuant to Rule 16b-3 of the Securities Exchange Act"

Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.

Exchange Act regulatory

"Securities Exchange Act of 1934, as amended (the "Exchange Act")"

A federal law that sets rules for trading securities on public exchanges, requiring companies and market participants to register, disclose regular financial information, and follow standards that promote honest, orderly markets. For investors, it matters because it creates transparency and legal protections—like stopping insider trading and ensuring timely company disclosures—so you can evaluate risks and rely on consistent rules much as players rely on a referee to keep a game fair.

Form 4 Insider Transactions: What Each Field Means →

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^*

Hardy Timothy

(Last) (First) (Middle)

C/O TRACK GROUP, INC.

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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Information Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/30/2026

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)

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	04/30/2026		A		60,000(1)	A	$0.35	60,000	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 shares of common stock (the "Shares") purchased in a private placement transaction directly from the Company pursuant to a Securities Purchase Agreement, dated April 30, 2026 (the "Private Placement"). The issuance of the Shares to the reporting person pursuant to the Private Placement was approved by the Company's board of directors and was deemed an exempt transaction pursuant to Rule 16b-3 of the Securities Exchange Act of 1934, as amended (the "Exchange Act").

	/s/ Timothy Hardy	05/04/2026
	** 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)

FAQ

What did Track Group (TRCK) insider Timothy Hardy do in this Form 4?

Chief Information Officer Timothy Hardy acquired 60,000 shares of Track Group common stock. The shares came through a private placement directly from the company, giving him 60,000 shares held directly after the transaction.

At what price did Timothy Hardy acquire Track Group (TRCK) shares?

Timothy Hardy acquired his 60,000 Track Group shares at $0.35 per share. This per-share value is reported in the Form 4 as the transaction price, reflecting the terms of the private placement agreement with the company.

How many Track Group (TRCK) shares does Timothy Hardy hold after this transaction?

Following the reported transaction, Timothy Hardy holds 60,000 shares of Track Group common stock directly. The Form 4 identifies this amount as his total direct ownership immediately after the April 30, 2026 acquisition.

Was the Track Group (TRCK) insider transaction an open-market trade?

No, the filing describes the acquisition as a private placement directly from Track Group. It was executed under a Securities Purchase Agreement and approved by the board, rather than being an open-market purchase on a stock exchange.

How was Timothy Hardy’s Track Group (TRCK) share acquisition treated under SEC rules?

The transaction was deemed exempt under Rule 16b-3 of the Exchange Act. This rule generally covers board-approved insider transactions, so the acquisition was structured and approved to fall within that exemption framework.