GEYGAN JEFFREY RICHART 4

What Happened

• Jeffrey R. Geygan, listed as a 10% owner of Rocky Mountain Chocolate Factory, Inc. (RMCF), reported an open-market/private purchase of 11,300 shares on 2026-01-16 at a weighted average price of $1.98 per share, totaling about $22,353. This was a purchase (a net acquisition), which many investors view as a more informative signal than routine selling.

Key Details

• Transaction date: 2026-01-16; Form 4 filed: 2026-01-22 (appears to be filed after the typical 2-business-day Form 4 deadline).
• Amount purchased: 11,300 shares @ $1.98 (weighted average) — total ≈ $22,353.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes of note:
  • F1: Reported price is a weighted average; reporting person can provide breakdown of shares bought at each price.
  • F2: Securities are held in accounts managed indirectly by Global Value Investment Corporation (GVIC), which Geygan controls; GVIC serves as investment manager to managed accounts/partnerships.
  • F3: Geygan disclaims beneficial ownership except to the extent of any pecuniary interest.
• No indication this was an option exercise, award, gift, or tax withholding event.

Context

• As a 10% owner whose holdings are held through managed accounts controlled by his firm (GVIC), this purchase reflects activity by an affiliated investment manager rather than a routine insider payroll event. The filing date (Jan 22) is several days after the trade (Jan 16); Form 4s are normally due within two business days, so this may be a late filing.