<SEC-DOCUMENT>0001539497-25-002230.txt : 20250827
<SEC-HEADER>0001539497-25-002230.hdr.sgml : 20250827
<ACCEPTANCE-DATETIME>20250827182821
ACCESSION NUMBER:		0001539497-25-002230
CONFORMED SUBMISSION TYPE:	SCHEDULE 13D/A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20250827
DATE AS OF CHANGE:		20250827

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UNIVERSAL ELECTRONICS INC
		CENTRAL INDEX KEY:			0000101984
		STANDARD INDUSTRIAL CLASSIFICATION:	HOUSEHOLD AUDIO & VIDEO EQUIPMENT [3651]
		ORGANIZATION NAME:           	04 Manufacturing
		EIN:				330204817
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-43065
		FILM NUMBER:		251266859

	BUSINESS ADDRESS:	
		STREET 1:		15147 N SCOTTSDALE RD
		STREET 2:		SUITE H300
		CITY:			SCOTTSDALE
		STATE:			AZ
		ZIP:			85254
		BUSINESS PHONE:		480-530-3000

	MAIL ADDRESS:	
		STREET 1:		15147 N SCOTTSDALE RD
		STREET 2:		SUITE H300
		CITY:			SCOTTSDALE
		STATE:			AZ
		ZIP:			85254

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Kent Lake PR LLC
		CENTRAL INDEX KEY:			0002037231
		ORGANIZATION NAME:           	
		EIN:				661073290
		STATE OF INCORPORATION:			PR
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		CARR. 115 KM 12.1 AVENUE
		STREET 2:		AVE. ALBIZU CAMPOS #2490, SUITE 28
		CITY:			RINCON
		PROVINCE COUNTRY:   	PR
		ZIP:			00677
		BUSINESS PHONE:		(415) 799-2720

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		116 CALLE MANUEL DOMENECH
		STREET 2:		#2035
		CITY:			SAN JUAN
		PROVINCE COUNTRY:   	PR
		ZIP:			00918
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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  <headerData>
    <submissionType>SCHEDULE 13D/A</submissionType>
    <previousAccessionNumber>0001539497-25-001264</previousAccessionNumber>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: Kent Lake PR LLC -->
          <cik>0002037231</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>


    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>2</amendmentNo>
      <securitiesClassTitle>Common Stock, par value $0.01 per share</securitiesClassTitle>
      <dateOfEvent>08/25/2025</dateOfEvent>
      <previouslyFiledFlag>false</previouslyFiledFlag>
      <issuerInfo>
        <issuerCIK>0000101984</issuerCIK>
        <issuerCUSIP>913483103</issuerCUSIP>
        <issuerName>UNIVERSAL ELECTRONICS INC</issuerName>
        <address>
          <com:street1>15147 N SCOTTSDALE RD</com:street1>
          <com:street2>SUITE H300</com:street2>
          <com:city>SCOTTSDALE</com:city>
          <com:stateOrCountry>AZ</com:stateOrCountry>
          <com:zipCode>85254</com:zipCode>
        </address>
      </issuerInfo>
      <authorizedPersons>
        <notificationInfo>
          <personName>BENJAMIN NATTER</personName>
          <personPhoneNum>415-237-0007</personPhoneNum>
          <personAddress>
            <com:street1>KENT LAKE PR LLC, Carr. 115 km 12.1 Ave.</com:street1>
            <com:street2>Albizu Campos #2490 Suite 28</com:street2>
            <com:city>Rincon</com:city>
            <com:stateOrCountry>PR</com:stateOrCountry>
            <com:zipCode>00677</com:zipCode>
          </personAddress>
        </notificationInfo>
        <notificationInfo>
          <personName>SEBASTIAN ALSHEIMER, ESQ.</personName>
          <personPhoneNum>(212) 999-5800</personPhoneNum>
          <personAddress>
            <com:street1>WILSON SONSINI GOODRICH &amp; ROSATI</com:street1>
            <com:street2>1301 Avenue of the Americas</com:street2>
            <com:city>New York</com:city>
            <com:stateOrCountry>NY</com:stateOrCountry>
            <com:zipCode>10019</com:zipCode>
          </personAddress>
        </notificationInfo>
      </authorizedPersons>
    </coverPageHeader>
    <reportingPersons>
      <reportingPersonInfo>
        <reportingPersonNoCIK>Y</reportingPersonNoCIK>
        <reportingPersonName>Kent Lake Partners LP</reportingPersonName>
        <fundType>WC</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>DE</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>990870.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>990870.00</sharedDispositivePower>
        <aggregateAmountOwned>990870.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>7.4</percentOfClass>
        <typeOfReportingPerson>PN</typeOfReportingPerson>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonCIK>0002037231</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>Kent Lake PR LLC</reportingPersonName>
        <fundType>AF</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>PR</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>990870.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>990870.00</sharedDispositivePower>
        <aggregateAmountOwned>990870.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>7.4</percentOfClass>
        <typeOfReportingPerson>IA</typeOfReportingPerson>
        <typeOfReportingPerson>HC</typeOfReportingPerson>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonNoCIK>Y</reportingPersonNoCIK>
        <reportingPersonName>Benjamin Natter</reportingPersonName>
        <fundType>AF</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>X1</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>990870.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>990870.00</sharedDispositivePower>
        <aggregateAmountOwned>990870.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>7.4</percentOfClass>
        <typeOfReportingPerson>IN</typeOfReportingPerson>
        <typeOfReportingPerson>HC</typeOfReportingPerson>
      </reportingPersonInfo>
    </reportingPersons>
    <items1To7>
      <item1>
        <securityTitle>Common Stock, par value $0.01 per share</securityTitle>
        <issuerName>UNIVERSAL ELECTRONICS INC</issuerName>
        <issuerPrincipalAddress>
          <com:street1>15147 N SCOTTSDALE RD</com:street1>
          <com:street2>SUITE H300</com:street2>
          <com:city>SCOTTSDALE</com:city>
          <com:stateOrCountry>AZ</com:stateOrCountry>
          <com:zipCode>85254</com:zipCode>
        </issuerPrincipalAddress>
        <commentText>The following constitutes Amendment No. 2 to the Schedule 13D filed by the undersigned ("Amendment No. 2"). This Amendment No. 2 amends the Schedule 13D as specifically set forth herein. Unless otherwise defined herein, all capitalized terms used herein shall have the meanings given to them in the Schedule 13D.</commentText>
      </item1>
      <item3>
        <fundsSource>Item 3 is hereby amended as follows:

The securities purchased by Kent Lake Partners, were purchased with working capital in open market purchases as set forth in Exhibit 1, which is incorporated by reference herein. The aggregate purchase price of the 990,870 Shares directly owned by Kent Lake Partners is approximately $8,850,076, including brokerage commissions.</fundsSource>
      </item3>
      <item5>
        <percentageOfClassSecurities>Items 5(a)-(c) are hereby amended and restated to read as follows:

As of the date hereof, the Reporting Persons beneficially own 990,870 shares in the aggregate, representing approximately 7.4% of the outstanding Shares. The aggregate percentage of Shares reported owned by the Reporting Persons herein is based upon approximately 13,336,969 outstanding, as of August 5, 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 August 8, 2025.</percentageOfClassSecurities>
        <numberOfShares>The Reporting Persons have sole voting power and sole investment power with respect to the Shares beneficially owned by the Reporting Persons.</numberOfShares>
        <transactionDesc>During the past 60 days, none of the Reporting Persons has effected any transaction in the Shares, except as set forth in Exhibit 1, which is incorporated herein by reference.</transactionDesc>
      </item5>
      <item7>
        <filedExhibits>Item 7 is hereby amended to add the following exhibit:

Exhibit 1: Transactions in the Shares.</filedExhibits>
      </item7>
    </items1To7>
    <signatureInfo>
      <signaturePerson>
        <signatureReportingPerson>Kent Lake Partners LP</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Benjamin Natter</signature>
          <title>Managing Member</title>
          <date>08/27/2025</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>Kent Lake PR LLC</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Benjamin Natter</signature>
          <title>Managing Member</title>
          <date>08/27/2025</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>Benjamin Natter</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Benjamin Natter</signature>
          <title>Managing Member</title>
          <date>08/27/2025</date>
        </signatureDetails>
      </signaturePerson>
    </signatureInfo>
  </formData>

</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1
<SEQUENCE>2
<FILENAME>exh1.htm
<DESCRIPTION>TRANSACTIONS IN THE SHARES
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="text-align: right; margin: 0"><B>Exhibit 1</B></P>

<P STYLE="margin: 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>Transactions in Shares Effected by Kent Lake Partners LP During the Past Sixty Days</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 25%; padding-right: 5.4pt; padding-left: 20pt; layout-grid-mode: char; font-size: 10pt; text-align: left"><U>Nature of Transaction</U></TD>
    <TD STYLE="vertical-align: bottom; width: 25%; padding-right: 5.4pt; padding-left: 5.4pt; layout-grid-mode: char; font-size: 10pt; text-align: center">Amount of Securities<BR>
<U>Purchased/(Sold)</U></TD>
    <TD STYLE="vertical-align: top; width: 18%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><U>Price ($)</U></P></TD>
    <TD STYLE="vertical-align: bottom; width: 32%; padding-right: 5.4pt; padding-left: 5.4pt; layout-grid-mode: char; font-size: 10pt; text-align: center">Date of<BR>
<U>Purchase/Sale</U></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 25%; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char">Sale of Common Stock</TD>
    <TD STYLE="vertical-align: top; width: 25%; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">(343)</TD>
    <TD STYLE="vertical-align: top; width: 18%; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">$7.1424 </TD>
    <TD STYLE="vertical-align: top; width: 32%; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">07/10/2025</TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char">Sale of Common Stock</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">(100)</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">$6.9800 </TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">07/11/2025</TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char">Sale of Common Stock</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">(999)</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">$6.9053 </TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">07/14/2025</TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char">Sale of Common Stock</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">(136)</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">$6.8003 </TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">07/15/2025</TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char">Sale of Common Stock</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">(2)</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">$6.7500 </TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">07/17/2025</TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char">Sale of Common Stock</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">(1,355)</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">$6.5011 </TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">07/18/2025</TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char">Sale of Common Stock</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">(2,619)</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">$6.5327 </TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">07/21/2025</TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char">Sale of Common Stock</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">(2,232)</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">$6.5265 </TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">07/22/2025</TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char">Sale of Common Stock</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">(2,098)</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">$6.6791 </TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">07/23/2025</TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char">Sale of Common Stock</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">(2,971)</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">$6.4246 </TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">07/24/2025</TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char">Sale of Common Stock</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">(1,531)</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">$6.4122 </TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">07/25/2025</TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char">Sale of Common Stock</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">(1,470)</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">$6.4533 </TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">07/28/2025</TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char">Sale of Common Stock</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">(1,223)</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">$6.3614 </TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">07/29/2025</TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char">Sale of Common Stock</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">(1,200)</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">$6.3542 </TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">07/30/2025</TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char">Sale of Common Stock</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">(6,921)</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">$6.1276 </TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">07/31/2025</TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char">Sale of Common Stock</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">(10,562)</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">$6.0298 </TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">08/01/2025</TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char">Sale of Common Stock</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">(10,580)</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">$6.3850 </TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">08/04/2025</TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char">Sale of Common Stock</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">(8,828)</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">$6.4626 </TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">08/05/2025</TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char">Sale of Common Stock</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">(1,487)</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">$6.3832 </TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">08/06/2025</TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char">Sale of Common Stock</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">(9,294)</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">$6.3801 </TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">08/07/2025</TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char">Sale of Common Stock</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">(34,050)</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">$5.2179 </TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">08/08/2025</TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char">Sale of Common Stock</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">(53,508)</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">$4.7759 </TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">08/11/2025</TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char">Sale of Common Stock</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">(21,504)</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">$4.9555 </TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">08/12/2025</TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char">Sale of Common Stock</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">(10,569)</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">$5.0144 </TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">08/13/2025</TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char">Sale of Common Stock</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">(8,500)</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">$4.5464 </TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">08/14/2025</TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char">Sale of Common Stock</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">(8,500)</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">$4.5018 </TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">08/15/2025</TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char">Sale of Common Stock</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">(8,500)</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">$4.7157 </TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">08/18/2025</TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char">Sale of Common Stock</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">(7,224)</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">$4.6389</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">08/19/2025</TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char">Sale of Common Stock</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">(10,000)</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">$4.5401 </TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">08/20/2025</TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char">Sale of Common Stock</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">(8,166)</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">$4.5829 </TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">08/21/2025</TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char">Sale of Common Stock</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">(7,800)</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">$4.8139 </TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">08/22/2025</TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char">Sale of Common Stock</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">(8,500)</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">$4.7735</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">08/25/2025</TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char">Sale of Common Stock</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">(8,500)</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">$5.0017</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">08/26/2025</TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char">Sale of Common Stock</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">(8,500)</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">$5.0272</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; layout-grid-mode: char; text-align: center">08/27/2025</TD></TR>
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