[SCHEDULE 13G/A] Hypatia Women CEO ETF SEC Filing

Rhea-AI Filing Summary

Textron Inc. (TXT) Form 4: EVP & CHRO Julie G. Duffy executed and immediately sold shares related to two option grants on 25 Jul 2025. She exercised 6,260 options at $49.58 (grant exp. Mar 2027) and 22,283 options at $40.60 (grant exp. Mar 2030), then sold the exact share counts in the open market at weighted-average prices of $79.3978 and $79.3627, respectively. Gross sale proceeds total roughly $2.27 million versus an aggregate exercise cost of about $1.21 million, producing an estimated pretax gain of ~$1.06 million.

Duffy also reported a gift of 585 shares. After all transactions, her direct beneficial ownership declined from 43,884 to 37,039 common shares and the two option positions are now fully exercised, leaving no remaining derivatives from those grants.

Positive

• None.

Negative

• Executive reduced direct holdings by 6,845 shares after fully liquidating shares obtained from option exercises, which some investors may view as a modest negative sentiment signal.

Insights

Securities Analyst

TL;DR – Routine option exercise and sale; minor ownership reduction, limited fundamental impact.

The filing shows a classic same-day exercise-and-sell transaction: the executive monetised soon-to-expire options, covering strike costs and capturing a ~$1 million gain. While the 28,543-share sale equates to ~0.02% of Textron’s float, insider sales can signal reduced personal exposure; however, the executive still retains 37,039 shares and the sale appears tied to compensation realisation rather than policy commentary. No new options were granted and no change to corporate outlook is implied, making the event neutral for valuation models. Liquidity impact is negligible and no compliance red-flags arise.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

Two Roads Shared Trust

(Name of Issuer)

Exchange Traded Product

(Title of Class of Securities)

90214Q642

(CUSIP Number)

06/30/2025

(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. 90214Q642

1

Names of Reporting Persons

FOUNDATIONS INVESTMENT 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

ARIZONA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 4,182,422.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,182,422.00

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)

82.0 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Two Roads Shared Trust
(b)	Address of issuer's principal executive offices: 225 PICTORIA DRIVE, SUITE 450, CINCINNATI, OHIO 45246
Item 2.
(a)	Name of person filing: FOUNDATIONS INVESTMENT ADVISORS, LLC
(b)	Address or principal business office or, if none, residence: 4050 E. COTTON CENTER BLVD. SUITE 40 PHOENIX, Arizona 85040
(c)	Citizenship: FOUNDATIONS INVESTMENT ADVISORS, LLC - ARIZONA
(d)	Title of class of securities: Exchange Traded Product
(e)	CUSIP No.: 90214Q642
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: 4,182,422
(b)	Percent of class: 82 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: FOUNDATIONS INVESTMENT ADVISORS, LLC - 0
	(ii) Shared power to vote or to direct the vote: FOUNDATIONS INVESTMENT ADVISORS, LLC - 0
	(iii) Sole power to dispose or to direct the disposition of: FOUNDATIONS INVESTMENT ADVISORS, LLC - 4,182,422
	(iv) Shared power to dispose or to direct the disposition of: FOUNDATIONS INVESTMENT ADVISORS, LLC - 0
Item 5.	Ownership of 5 Percent or Less of a Class.
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:
	Not Applicable

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.

FOUNDATIONS INVESTMENT ADVISORS, LLC

Signature:	/s/Marc Pugsley
Name/Title:	CCO
Date:	07/29/2025

FAQ

How many Textron (TXT) shares did EVP Julie G. Duffy sell?

She sold 28,543 common shares on 25 Jul 2025.

What prices were the Textron shares sold for?

Weighted-average sale prices were $79.3978 for 6,260 shares and $79.3627 for 22,283 shares.

Which stock options were exercised in this Form 4?

Options for 6,260 shares at $49.58 (exp. 03/01/2027) and 22,283 shares at $40.60 (exp. 03/01/2030).

How many Textron shares does the executive now own?

Post-transaction, Duffy directly owns 37,039 common shares.

Did the executive retain any unexercised options after these transactions?

No. The two reported option grants are now fully exercised, leaving zero derivatives from those grants.