SEC Form 3 · accession 0001663577-26-000297
Stewards, Inc. · SWRD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Wael Kamal Barsoum
Director
Period of report
Sep 9, 2026
Accepted (ET)
Sep 21, 2026 · 3:32 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001795851
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.0001 per shareF1 | holding | — | — | — | 630,000 | I | Held in an account at Stewards Investment Capital Limited as nominee |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common WarrantsF1,F2 | $0.40 | holding | — | — | — | Sep 9, 2026 | Nov 15, 2029 | Common Stock | 630,000 | — | I |
| Pre-Funded WarrantsF1,F2,F3 | $0.0001 | holding | — | — | — | — | — | Common Stock | 9,000 | — | I |
| Restricted Stock UnitsF5,F4 | $0.00 | holding | — | — | — | May 8, 2027 | — | Common Stock | 45,000 | — | D |
Explanation of responses
- F1These common shares, common warrants, and pre-funded warrants are held of record by Stewards Investment Capital Limited as nominee under a client mandate for the reporting person. The reporting person has the pecuniary interest and investment power. The record holder disclaims beneficial ownership except as a nominee.
- F2Represents common warrants to purchase 630,000 shares at $0.40 per share, expiring November 15, 2029, acquired in connection with Common Units issued under the issuer's September 9, 2024 Securities Purchase Agreement.
- F3Represents 600,000 pre-funded warrants. Each pre-funded warrant is exercisable for 3/200ths of one share, or 9,000 shares in the aggregate, at $0.0001 per share. Exercisability and expiration are as set forth in the applicable warrant.
- F4Represents 45,000 restricted stock units granted on May 8, 2026 under the issuer's 2024 Equity Incentive Plan. The units cliff-vest 100% on May 8, 2027, subject to continued service as a director. Each unit represents the right to receive one share of common stock upon settlement. The units have no expiration date other than forfeiture if the vesting conditions are not met.
- F5There is no expiration date for this security.