Wisa Tech SEC Filings

Toronto-Dominion Bank (TD) is offering US$1.263 million of Senior Debt Securities, Series H – Capped Notes linked to the S&P 500® Index, maturing 7 July 2028. The notes give investors unleveraged exposure to any positive performance of the index, capped at a Maximum Redemption Amount of US$1,240 per US$1,000 principal (24% total / c. 8% CAGR). If the Final Level of the index is equal to or below the Initial Level of 6,279.35, holders receive only their principal, resulting in full principal protection provided TD remains solvent. No periodic coupons are paid.

Key commercial terms

• Issue price: US$1,000 per note; minimum investment US$1,000.
• Term: ~3 years (Pricing Date 3 Jul 2025; Maturity 7 Jul 2028).
• Participation: 100% of positive index move, subject to the US$1,240 cap.
• Credit: senior unsecured obligations of TD; not CDIC/FDIC insured.
• Estimated value: US$986 – 1.4% below issue price, reflecting structuring & hedging costs.
• Fees: up to 0.95% selling concession plus US$7 marketing fee; total underwriting discount c. 0.26% of notional shown (variable).
• Liquidity: no exchange listing; any secondary market making is discretionary and may be at significant discount.

Risk highlights

• Upside is capped; investors forego any index gain above 24%.
• No dividend participation – index tracked on a price-return basis.
• Return may underperform a conventional fixed-rate bond of similar maturity because the notes pay no coupons.
• Market value likely to fall below issue price after settlement due to bid/ask spreads, embedded fees and TD’s funding curve.
• Subject to TD credit risk; deterioration in TD credit spreads will pressure secondary pricing.
• Taxed as Contingent Payment Debt Instruments (CPDI); holders accrue taxable OID income annually despite no cash flows before maturity.

The instrument targets investors seeking principal protection with limited equity upside over a three-year horizon and who are comfortable with TD credit exposure and illiquidity. It is not appropriate for investors requiring current income, uncapped equity participation or near-term liquidity.

Schedule 13D filing overview

On 06/30/2025 Atlantis Holding Corp. and Icon Energy Corp.’s Chairwoman & CEO, Ismini Panagiotidi, disclosed beneficial ownership of 7,685,546 common shares of Icon Energy (“ICON”), representing 77.9 % of the outstanding class.

The position consists of (i) 5,000 common shares held directly and (ii) 7,680,546 shares issuable upon conversion of 17,249 Series A Cumulative Convertible Perpetual Preferred Shares. The Series A shares are convertible, in whole (not in part), between 16 Jul 2025 and 15 Jul 2032 at the lower of US $240 or the 5-day VWAP immediately before notice.

The preferred stock was issued under a 11 Jun 2024 exchange whereby ICON acquired Maui Shipping Co.; a further 2,249 Series A shares were issued in-kind for dividends on 30 Jun 2025. Atlantis is incorporated in the Marshall Islands; Ms. Panagiotidi controls Atlantis and Pavimar Shipping, which manages vessels operated by ICON.

The filing states the stake is held for investment purposes and that there are currently no definitive plans for additional transactions affecting ICON’s capital, governance or operations, though regular discussions with management and directors occur.

Key investor takeaways: (1) ICON is effectively insider-controlled, limiting minority influence; (2) up to 7.68 million new shares could be issued after July 2025, creating potential dilution risk; (3) conversion price linkage to VWAP may mitigate extreme pricing but favors the holder if shares trade below US $240.

Estate of Daniel L. Goodwin has filed Amendment No. 2 to Schedule 13G for Byline Bancorp, Inc. (NYSE: BY). The filing shows beneficial ownership of 13,613 common shares, equal to approximately 0.0% of the 46.14 million shares outstanding as of 12 June 2025. All voting and dispositive power over the shares is shared; the estate reports no sole voting or dispositive authority. The estate also disclaims beneficial ownership because the shares are held through an indirect holding-company structure. Since the stake is now well below the 5% reporting threshold, the amendment primarily serves to update ownership levels and certify that the securities are not held to influence control of the issuer.

A Schedule 13D/A filing reveals significant ownership changes in Datavault AI. Nathaniel Bradley, the company's CEO and board member, beneficially owns 10,695,952 shares (13.1%) of common stock, consisting of:

• 3,715,361 shares held directly
• 3,999,911 shares through EOS Technology Holdings
• 2,980,680 shares held by spouse Sonia Choi

Recent transactions include Bradley receiving 50,000 shares from RSU vesting and 218,905 restricted shares as compensation. Sonia Choi, Chief Marketing Officer, received 150,000 and 54,726 restricted shares as employee compensation in February and June 2025, respectively. Notably, EOS Technology Holdings (formerly Data Vault Holdings) has dropped below 5% ownership, now holding 4.9% of outstanding shares. The filing is based on 81,593,467 total outstanding shares as of June 25, 2025.

WiSA Technologies director Wendy Wilson received 26,372 shares of common stock on June 25, 2025, as compensation for board service under the company's 2018 Long-Term Stock Incentive Plan. Following this transaction, Wilson now owns 120,366 shares directly.

Key details of the stock grant:

• Shares were granted at $0 cost to the director
• Vesting occurs in equal installments from September 20, 2025 to June 20, 2028
• Quarterly vesting dates: March 20, June 20, September 20, and December 20
• Vesting is contingent on continued service with the company

This Form 4 filing represents a standard director compensation arrangement through equity grants, demonstrating the company's approach to aligning board member interests with shareholders through long-term vesting schedules.

WiSA Technologies insider Stanley Mbugua, Chief Accounting Officer and VP of Finance, received 45,605 shares of common stock on June 25, 2025, as compensation under the company's 2018 Long-Term Stock Incentive Plan.

Key details of the transaction:

• Transaction price: $0 (compensatory grant)
• Post-transaction holdings: 238,338 shares held directly
• Vesting schedule: Equal installments from September 20, 2025 to June 20, 2028
• Vesting dates: Quarterly on September 20, December 20, March 20, and June 20

The vesting of LTIP shares is contingent upon the officer's continued service with the company on each vesting date. This grant represents a standard equity compensation arrangement for executive retention and alignment with shareholder interests.

WiSA Technologies director Sriram Krishnamurthy Peruvemba received 26,372 shares of common stock on June 25, 2025, as compensation for board service under the company's 2018 Long-Term Stock Incentive Plan. Following this transaction, Peruvemba now owns a total of 120,362 shares directly.

Key details of the stock grant:

• Acquisition price: $0 per share
• Vesting schedule: Equal installments from September 20, 2025 to June 20, 2028
• Vesting dates: Quarterly on September 20, December 20, March 20, and June 20
• Vesting condition: Continued service as director

This Form 4 filing indicates ongoing compensation alignment between the director and shareholders through equity-based awards. The quarterly vesting schedule over approximately three years promotes long-term retention and alignment with company performance.

Form 4 filing reveals that Robert Tobias, Director at Datavault AI, received 26,372 shares of common stock on June 25, 2025, as compensation for his board service under the company's 2018 Long-Term Stock Incentive Plan.

Key details of the transaction:

• Transaction was an acquisition at $0 price (compensation grant)
• Following the transaction, Tobias owns 120,362 shares directly
• The LTIP shares will vest in equal installments from September 20, 2025 to June 20, 2028
• Vesting occurs quarterly on fixed dates (September 20, December 20, March 20, June 20)
• Vesting is contingent on continued service with the company

This equity grant aligns the director's interests with shareholders through a long-term vesting schedule spanning approximately three years.