Track Group (TRCK) CFO buys 50,000 shares in private placement deal

Rhea-AI Filing Summary

Track Group, Inc. Chief Financial Officer James A. Berg acquired 50,000 shares of common stock on April 30, 2026 at $0.35 per share. The shares were purchased directly from the company in a private placement under a Securities Purchase Agreement approved by the board. Following this transaction, Berg holds 50,000 shares directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider BERG JAMES A

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	50,000	$0.35	$18K

Holdings After Transaction: Common Stock — 50,000 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares acquired: 50,000 shares Acquisition price: $0.35 per share Post-transaction holdings: 50,000 shares +2 more

5 metrics

Shares acquired 50,000 shares Common stock acquired on April 30, 2026

Acquisition price $0.35 per share Price per share in private placement

Post-transaction holdings 50,000 shares Shares held directly after transaction

Transaction code A (Grant, award, or other acquisition) SEC Form 4 non-derivative transaction

Transaction date April 30, 2026 Date of private placement acquisition

Key Terms

private placement, Securities Purchase Agreement, Rule 16b-3, Securities Exchange Act of 1934

4 terms

private placement financial

"Represents shares of common stock (the "Shares") purchased in a private placement transaction directly from the Company"

A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.

Securities Purchase Agreement financial

"purchased in a private placement transaction directly from the Company 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 of 1934"

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.

Securities Exchange Act of 1934 regulatory

"pursuant to Rule 16b-3 of the Securities Exchange Act of 1934, as amended"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 05/04/2026 - 09:30 PM Accepted by SEC EDGAR 05/04/2026 - 09:30 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^*

BERG JAMES A

(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 Financial 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		50,000(1)	A	$0.35	50,000	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/ James A. Berg	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 insider transaction did Track Group (TRCK) report for James A. Berg?

Track Group reported that Chief Financial Officer James A. Berg acquired 50,000 shares of common stock. The shares were obtained in a private placement directly from the company at $0.35 per share under a Securities Purchase Agreement dated April 30, 2026.

At what price did the Track Group CFO acquire shares in this Form 4 filing?

The CFO acquired the shares at $0.35 per share. He received 50,000 shares of Track Group common stock in a private placement, resulting from a Securities Purchase Agreement dated April 30, 2026 that was approved by the company’s board of directors.

How many Track Group shares does James A. Berg hold after the reported transaction?

After the transaction, James A. Berg holds 50,000 shares of Track Group common stock directly. These shares were acquired in a board-approved private placement on April 30, 2026, and the transaction was treated as exempt under Rule 16b-3 of the Exchange Act.

Was the Track Group CFO’s share acquisition part of a private placement?

Yes. The 50,000 shares acquired by the Track Group CFO were purchased in a private placement directly from the company. The transaction occurred under a Securities Purchase Agreement dated April 30, 2026 and was approved by the board of directors as a Rule 16b-3 exempt transaction.

What regulatory exemption applied to the Track Group CFO’s share acquisition?

The acquisition was deemed exempt under Rule 16b-3 of the Securities Exchange Act of 1934. This rule allows certain insider transactions, such as board-approved grants or purchases, to avoid short-swing profit rules when properly authorized by the company’s board of directors.