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

Rhea-AI Filing Summary

Gold Resource Corporation (Ticker: GORO) – Insider Form 4 Snapshot

Director Ronald Little filed a Form 4 disclosing the grant of 19,778 deferred stock units (DSUs) on 06/30/2025. Each DSU is equivalent to one share of common stock (or the cash value of one share) and vests immediately. The units are redeemable upon the earlier of Mr. Little’s departure from the board or ten years after the grant date. The filing lists a derivative security price of $0.6162 per unit. After this transaction, Mr. Little directly holds 19,778 derivative securities; no changes to his non-derivative share holdings were reported.

• Transaction code: A – award/grant (equity compensation)
• Ownership form: Direct
• No other insiders were part of this filing

This appears to be routine board compensation rather than an open-market purchase, so while it modestly aligns the director’s interests with shareholders, the absolute size is relatively small and unlikely to influence near-term trading dynamics.

Positive

• Equity-based compensation adds modest alignment between the director and shareholders.

Negative

• Small grant size (19,778 shares) and absence of open-market buying limit informational value.

Insights

Securities Analyst

TL;DR – Board member granted 19,778 DSUs; standard pay, limited market impact.

The filing shows a straightforward equity-based compensation grant. Immediate vesting provides alignment, but the notional value (≈$12k at $0.6162) is marginal versus GORO’s market cap. Because the units were granted—not bought—there is no signal of incremental insider conviction, so I view the event as neutral for valuation or sentiment.

Corporate Governance Specialist

TL;DR – Grant improves alignment yet remains routine and immaterial.

From a governance lens, DSUs are preferable to cash, encouraging long-term focus. Immediate vesting eliminates forfeiture risk but still ties value to share performance until redemption. However, the small award size and lack of purchase reduce its signaling power. Overall governance practices appear standard; no red flags or strong positives emerge.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 6)

Two Roads Shared Trust

(Name of Issuer)

Exchange Traded Product

(Title of Class of Securities)

90214Q543

(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. 90214Q543

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 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

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)

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.: 90214Q543
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: 0
(b)	Percent of class: 0 %
(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 - 0
	(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.
	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:	07/08/2025

FAQ

What did GORO director Ronald Little acquire?

He received 19,778 deferred stock units, each convertible into one share of common stock or cash.

When were the DSUs granted according to the Form 4?

The grant date shown is 06/30/2025.

What is the price listed for the DSUs?

The Form 4 indicates a $0.6162 price for the derivative security.

Do the DSUs have any vesting period?

No. The units vest immediately but are redeemable upon service termination or ten years after grant.

Is this an open-market purchase or a compensation grant?

It is a compensation grant (transaction code “A”), not an open-market buy.

How many derivative securities does Ronald Little own after the transaction?

He now directly owns 19,778 derivative securities.

What role does Ronald Little hold at Gold Resource Corp?

The filing lists him as a Director of GORO.