Unifi Inc received an updated ownership report from Minerva Advisors and related entities on a Schedule 13G/A. The filing shows that Minerva Advisors LLC and its affiliates, including Minerva Group, LP and David P. Cohen, beneficially own 1,222,420 shares of Unifi common stock, representing 6.6% of the outstanding shares. Of this, 703,441 shares (3.8%) are held by Minerva Group, LP, with the balance held through Minerva Advisors LLC, over which Minerva Advisors and Cohen share voting and dispositive power for 518,979 shares. The percentages are based on 18,581,051 shares outstanding as of January 30, 2026. The reporting persons certify the shares are not held for the purpose of changing or influencing control of Unifi.
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
Unifi Inc
(Name of Issuer)
Common Stock, $0.10 par value
(Title of Class of Securities)
904677200
(CUSIP Number)
12/31/2025
(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)
SCHEDULE 13G
CUSIP No.
904677200
1
Names of Reporting Persons
Minerva Advisors LLC
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
703,441.00
6
Shared Voting Power
518,979.00
7
Sole Dispositive Power
703,441.00
8
Shared Dispositive Power
518,979.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,222,420.00
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)
6.6 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP No.
904677200
1
Names of Reporting Persons
MINERVA GROUP LP
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
703,441.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
703,441.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
703,441.00
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)
3.8 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
904677200
1
Names of Reporting Persons
MINERVA GP, LP
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
703,441.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
703,441.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
703,441.00
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)
3.8 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
904677200
1
Names of Reporting Persons
MINERVA GP, 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
PENNSYLVANIA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
703,441.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
703,441.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
703,441.00
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)
3.8 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
CUSIP No.
904677200
1
Names of Reporting Persons
COHEN DAVID P
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
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
703,441.00
6
Shared Voting Power
518,979.00
7
Sole Dispositive Power
703,441.00
8
Shared Dispositive Power
518,979.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,222,420.00
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)
6.6 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Unifi Inc
(b)
Address of issuer's principal executive offices:
7201 WEST FRIENDLY RD, P O BOX 19109, GREENSBORO, NC 27419-9109
Item 2.
(a)
Name of person filing:
Minerva Advisors LLC
Minerva Group, LP
Minerva GP, LP
Minerva GP, Inc.
David P. Cohen
(b)
Address or principal business office or, if none, residence:
50 Monument Road, Suite 201
Bala Cynwyd, PA 19004
(c)
Citizenship:
David P. Cohen is a U.S. Citizen.
Minerva Advisors LLC, Minerva Group, LP, and Minerva GP, LP are organized under Delaware law.
Minerva GP, Inc. is organized under Pennsylvania law.
(d)
Title of class of securities:
Common Stock, $0.10 par value
(e)
CUSIP No.:
904677200
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:
Minerva Advisors LLC* - 1,222,420
Minerva Group, LP - 703,441
Minerva GP, LP* - 703,441
Minerva GP, Inc.* - 703,441
David P. Cohen* - 1,222,420
*Each of these reporting persons is deemed a beneficial owner of the 703,441 shares of the Issuer held by Minerva Group, LP. David P. Cohen is also deemed a beneficial owner of the 1,222,420 shares of the Issuer beneficially owned by Minerva Advisors LLC.
(b)
Percent of class:
Minerva Advisors LLC* - 6.6%
Minerva Group, LP - 3.8%
Minerva GP, LP* - 3.8%
Minerva GP, Inc.* - 3.8%
David P. Cohen* - 6.6%
*Each of these reporting persons is deemed a beneficial owner of the 3.8% of the shares of the Issuer held by Minerva Group, LP. David P. Cohen is also deemed a beneficial owner of the 6.6% of the shares of the Issuer beneficially owned by Minerva Advisors LLC.
Based on a total of 18,581,051 shares of the Issuer's Common Stock outstanding as of January 30, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q for the period ended December 28, 2025.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Minerva Advisors LLC* - 703,441
Minerva Group, LP - 703,441
Minerva GP, LP* - 703,441
Minerva GP, Inc.* - 703,441
David P. Cohen* - 703,441
*Each of these reporting persons is deemed a beneficial owner of the 703,441 shares of the Issuer held by Minerva Group, LP.
(ii) Shared power to vote or to direct the vote:
Minerva Advisors LLC - 518,979
David P. Cohen** - 518,979
**David P. Cohen is deemed a beneficial owner of the 518,979 shares of the Issuer beneficially owned by Minerva Advisors LLC.
(iii) Sole power to dispose or to direct the disposition of:
Minerva Advisors LLC* - 703,441
Minerva Group, LP - 703,441
Minerva GP, LP* - 703,441
Minerva GP, Inc.* - 703,441
David P. Cohen* - 703,441
*Each of these reporting persons is deemed a beneficial owner of the 703,441 shares of the Issuer held by Minerva Group, LP.
(iv) Shared power to dispose or to direct the disposition of:
Minerva Advisors LLC - 518,979
David P. Cohen** - 518,979
**David P. Cohen is deemed a beneficial owner of the 518,979 shares of the Issuer beneficially owned by Minerva Advisors LLC.
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.
Not Applicable
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 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.
What stake in Unifi Inc (UFI) did Minerva report on this Schedule 13G/A?
Minerva Advisors LLC and related entities reported beneficial ownership of 1,222,420 Unifi shares, equal to 6.6% of the company’s common stock, based on 18,581,051 shares outstanding as of January 30, 2026.
How many Unifi (UFI) shares are directly held by Minerva Group, LP?
Minerva Group, LP directly holds 703,441 shares of Unifi common stock. This position represents 3.8% of Unifi’s outstanding shares, according to the ownership percentages calculated from the issuer’s reported 18,581,051 shares outstanding.
What is David P. Cohen’s reported ownership in Unifi Inc (UFI)?
David P. Cohen is deemed to beneficially own 1,222,420 Unifi shares, or 6.6% of the company. This includes 703,441 shares held by Minerva Group, LP and 518,979 shares beneficially owned by Minerva Advisors LLC, over which he shares voting and dispositive power.
How are Minerva Advisors LLC’s Unifi (UFI) voting and dispositive powers structured?
Minerva Advisors LLC has sole voting and dispositive power over 703,441 Unifi shares and shared voting and dispositive power over an additional 518,979 shares. These combined positions result in its total reported beneficial ownership of 1,222,420 shares, or 6.6%.
Does Minerva state an intent to influence control of Unifi Inc (UFI)?
The reporting persons certify the Unifi shares were not acquired and are not held for the purpose of changing or influencing control of the issuer, and are not held in connection with any transaction having that purpose or effect, aside from activities tied to a nomination under Rule 14a-11.
Which entities are included in the Minerva group reporting Unifi (UFI) ownership?
The filing lists Minerva Advisors LLC, Minerva Group, LP, Minerva GP, LP, Minerva GP, Inc., and individual David P. Cohen as reporting persons, with each deemed a beneficial owner of the 703,441 shares held by Minerva Group, LP.