[SCHEDULE 13D] Universal Security Instruments, Inc. SEC Filing

Rhea-AI Filing Summary

DigitalOcean Holdings, Inc. (DOCN) – Form 4 insider transaction

Director Hilary Schneider elected to receive her 2Q-25 board retainer wholly in equity, resulting in an award of 601 fully-vested restricted stock units (RSUs) on 30-Jun-2025. The share count was calculated by dividing the cash retainer of $16,826.92 by the 10-day average closing price of $27.97. Following the grant, Schneider’s direct ownership increased to 27,427 common shares. No derivative securities were involved and the filing does not disclose any open-market purchases or sales. Because the RSUs served as compensation in lieu of cash, the transaction represents routine board remuneration rather than a discretionary buy signal. Dilution to existing shareholders is de minimis.

Positive

• Director increased ownership to 27,427 shares, modestly aligning interests with shareholders.
• Cash-saving compensation structure preserves company liquidity by settling director fees in stock.

Negative

• No discretionary open-market purchase; therefore, the filing offers little insight into management’s conviction.
• Minor dilution, though negligible, marginally increases shares outstanding.

Insights

Corporate Governance Expert

TL;DR: Routine equity retainer; improves alignment but immaterial to float or valuation.

The issuance of 601 fully-vested RSUs to a non-employee director is standard practice under DigitalOcean’s board compensation policy. It converts a modest cash payment into shares, marginally increasing insider ownership and strengthening alignment with shareholders. However, the dollar amount ($16.8k) represents less than 0.01% of market cap and will not move the stock’s supply-demand dynamics. No open-market buying took place, so investors should view the filing as neutral from a signaling perspective.

Portfolio Manager

TL;DR: Neutral—tiny share issuance, routine comp, no trading insight.

From a portfolio standpoint, the award does not affect DOCN’s investment thesis. Insider participation remains positive in concept, yet the share count change is immaterial and fully anticipated under board policies. I would not adjust position sizing or valuation multiples based on this filing alone.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

UNIVERSAL SAFETY PRODUCTS, INC.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

913821302

(CUSIP Number)

Kenneth Schlesinger, Esq.
Olshan Frome Wolosky LLP, 1325 Avenue of the Americas
New York, NY, 10019
212-451-2300

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

06/05/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 913821302

1

Name of reporting person

JLA Realty Associates, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 203,400.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 203,400.00

11

Aggregate amount beneficially owned by each reporting person

203,400.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

8.8 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP No. 913821302

1

Name of reporting person

CASPI STEVEN

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 203,400.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 203,400.00

11

Aggregate amount beneficially owned by each reporting person

203,400.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

8.8 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock
(b)	Name of Issuer: UNIVERSAL SAFETY PRODUCTS, INC.
(c)	Address of Issuer's Principal Executive Offices: 11407 CRONHILL DRIVE, SUITES A-D, OWINGS MILLS, MARYLAND , 21117-3586.
Item 2.	Identity and Background
(a)	This Schedule 13D is filed by: (i) JLA Realty Associates, LLC, a New York limited liability company ("JLA"), with respect to the shares of Common Stock of the Issuer (the "Shares") beneficially owned by it; and (ii) Steven J. Caspi, as Manager of JLA. Each of the foregoing is referred to as a "Reporting Person" and collectively as the "Reporting Persons."
(b)	The principal business address of the Reporting Persons is 120 Bloomingdale Road, White Plains, NY 10605.
(c)	The principal business of JLA is investing in securities. The principal occupation of Mr. Caspi is serving as the manager of JLA.
(d)	No Reporting Person has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e)	No Reporting Person has, during the last five years, been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f)	JLA is organized under the laws of the State of New York. Mr. Caspi is a citizen of the United States of America.
Item 3.	Source and Amount of Funds or Other Consideration
	The aggregate purchase price of the 203,400 Shares beneficially owned by JLA were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases is $501,504, including brokerage commissions.
Item 4.	Purpose of Transaction
	Depending upon overall market conditions, other investment opportunities available to the Reporting Person, and the availability of Shares at prices that would make the purchase or sale of Shares desirable, the Reporting Person may endeavor to increase or decrease its position in the Issuer through, among other things, the purchase or sale of Shares on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Person may deem advisable. The Reporting Persons do not have any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D except as set forth herein or such as would occur upon or in connection with completion of, or following, any of the actions discussed herein. The Reporting Person intends to review its investment in the Issuer on a continuing basis. Depending on various factors including, without limitation, the Issuer's financial position, results and strategic direction, actions taken by the Issuer's management team and the Board, price levels of the Shares, conditions in the securities markets, general economic and industry conditions, and other investment opportunities available to the Reporting Person, the Reporting Person may in the future take such actions with respect to its investment in the Issuer as it deems appropriate including, without limitation, engaging in communications with management and the Board, engaging in discussions with the Issuer, stockholders of the Issuer or other third parties about the Issuer and the Reporting Person's investment, including potential business combinations, financings or dispositions involving the Issuer or certain of its businesses or assets, including transactions in which the Reporting Person may seek to participate and potentially engage in, making recommendations or proposals to the Issuer concerning changes to the capitalization, ownership structure, Board structure (including Board composition), or suggestions for improving the Issuer's financial and/or operational performance, purchasing additional Shares, selling some or all of its Shares, engaging in short selling of or any hedging or similar transaction with respect to the Shares, including swaps and other derivative transactions, or changing its intention with respect to any and all matters referred to in Item 4.
Item 5.	Interest in Securities of the Issuer
(a)	The aggregate percentage of Shares reported beneficially owned by the Reporting Person is based upon 2,312,887 Shares outstanding as of February 14, 2025, which is the total number of Shares outstanding as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on February 14, 2025. As of the date hereof, JLA beneficially owned 203,400 Shares by virtue of the termination of the Coordination Agreement (as defined and described in Item 6 below) effective as of August 4, 2025. Percentage: Approximately 8.8% As of the date hereof, Mr. Caspi, as the Manager of JLA, may be deemed to beneficially own the 203,400 Shares beneficially owned by JLA. Percentage: Approximately 8.8%
(b)	JLA: 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 203,400 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 203,400 Mr. Caspi: 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 203,400 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 203,400
(c)	The transactions in the Shares by each of the Reporting Persons during the past sixty days are set forth in Exhibit 1 and are incorporated herein by reference.
(d)	Not applicable.
(e)	Not applicable.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	On December 18, 2024, JLA entered into a coordination agreement (the "Coordination Agreement") with Ault & Company, Inc. ("A&C") and certain other stockholders of the Issuer set forth on the signature pages thereto, pursuant to which JLA granted A&C the sole authority to vote or dispose of, or cause or direct the voting or disposition of, the Shares owned by JLA (the "Subject Shares") for the duration of the Coordination Agreement. Pursuant to the Coordination Agreement, JLA appointed A&C as the sole and exclusive attorney-in-fact and proxy of JLA with full power to vote and dispose of the Subject Shares. A&C and JLA further agreed, among other things, that A&C is authorized to take any and all action that may be necessary or desirable to manage the Subject Shares or otherwise exercise the rights of the holders of the Subject Shares, and that JLA is subject to certain restrictions regarding transactions in the Shares. On June 4, 2025, A&C delivered a notice of termination to JLA, terminating the Coordination Agreement effective as of August 4, 2025. Such termination will be automatically effective on August 4, 2025, with no further action or notice required by any party. Upon the termination of the Coordination Agreement, A&C's authority to vote or dispose of, or cause or direct the voting or disposition of, the Shares owned by JLA will terminate, and A&C will cease to beneficially own the Shares owned by JLA. As of the date hereof, JLA also beneficially owns its 203,400 Shares subject to the Coordination Agreement as the termination of the Coordination Agreement will be effective within fewer than 60 days. The foregoing summary does not purport to be a complete description and is qualified in its entirety by reference to the full text of the Coordination Agreement, which is attached hereto as Exhibit 99.1 and is incorporated herein by reference. On July 2, 2025, the Reporting Persons entered into a Joint Filing Agreement in which the Reporting Persons agreed to the joint filing on behalf of each of them of statements on Schedule 13D with respect to the securities of the Issuer to the extent required by applicable law. The Joint Filing Agreement is attached hereto as Exhibit 99.2 and is incorporated herein by reference. Other than as described herein, there are no contracts, arrangements, understandings or relationships among the Reporting Persons, or between the Reporting Persons and any other person, with respect to the securities of the Issuer.
Item 7.	Material to be Filed as Exhibits.
	Item 7. Material to be Filed as Exhibits 1 - Transactions in the Securities of the Issuer During the Past Sixty Days 99.1 - Coordination Agreement, dated December 18, 2024 99.2 - Joint Filing Agreement, dated July 2, 2025

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.

JLA Realty Associates, LLC

Signature:	/s/ Steven J. Caspi
Name/Title:	Steven J. Caspi, Manager
Date:	07/02/2025

CASPI STEVEN

Signature:	/s/ Steven J. Caspi
Name/Title:	Steven J. Caspi
Date:	07/02/2025

FAQ

How many DigitalOcean (DOCN) shares did Director Hilary Schneider acquire?

She received 601 fully-vested RSUs on 30-Jun-2025.

What valuation was used to calculate the RSU grant to Hilary Schneider?

The grant used the 10-day average closing price of $27.97 per share.

What is the total dollar value of the RSU grant?

The RSUs equal the quarterly retainer of $16,826.92.

How many DigitalOcean shares does Hilary Schneider now own?

Post-grant, she directly owns 27,427 common shares.

Are the RSUs vested immediately?

Yes, the RSUs are fully vested as of the grant date.

Does this Form 4 represent open-market insider buying?

No. The shares were issued as compensation in lieu of cash, not purchased on the market.

Will the RSU grant materially dilute existing DOCN shareholders?

Dilution is minimal, adding only 601 shares to the float.