0000897069-24-001467.txt : 20240702 0000897069-24-001467.hdr.sgml : 20240702 20240702114708 ACCESSION NUMBER: 0000897069-24-001467 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240702 DATE AS OF CHANGE: 20240702 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Swenson Nicholas John CENTRAL INDEX KEY: 0001478067 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-13471 FILM NUMBER: 241093576 MAIL ADDRESS: STREET 1: 5000 WEST 36TH STREET STREET 2: SUITE 130 CITY: MINNEAPOLIS STATE: MN ZIP: 55416 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: LENDWAY, INC. CENTRAL INDEX KEY: 0000875355 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ADVERTISING [7310] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 411656308 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 5000 WEST 36TH STREET STREET 2: SUITE 220 CITY: MINNEAPOLIS STATE: MN ZIP: 55416 BUSINESS PHONE: 7633926200 MAIL ADDRESS: STREET 1: 5000 WEST 36TH STREET STREET 2: SUITE 220 CITY: MINNEAPOLIS STATE: MN ZIP: 55416 FORMER COMPANY: FORMER CONFORMED NAME: INSIGNIA SYSTEMS INC/MN DATE OF NAME CHANGE: 19930328 4 1 form4.xml X0508 4 2024-06-30 0000875355 LENDWAY, INC. LDWY 0001478067 Swenson Nicholas John 5000 WEST 36TH STREET SUITE 130 MINNEAPOLIS MN 55416 true true false Common Stock 3300 D Common Stock 139444 I AO Partners I, L.P. Common Stock 60284 I Groveland Capital LLC Common Stock 11428 I Glenhurst Co. Common Stock Equivalent 2024-06-30 4 A 0 1157 4.75 A Common Stock 1157 5353 D Each of the parties herein may be deemed to be a member of a Section 13(d) group disclosed in a Schedule 13D filed on behalf of the parties and Air T, Inc., the other member of such group. The members of this Section 13(d) group collectively own more than 10% of the Issuer's outstanding shares of Common Stock. Each of the parties disclaims beneficial ownership of the shares of Common Stock held by the other members of this Section 13(d) group except to the extent of his or its pecuniary interest therein. The securities reported herein do not include any securities held by Air T, Inc., as such shares are reported in a separate filing. Note the following with regard to Groveland Capital LLC ("Groveland Capital"); AO Partners I, L.P. ("AO Partners Fund"); AO Partners, LLC, the General Partner to the AO Partners Fund ("AO Partners"); and Glenhurst Co. ("Glenhurst"): Mr. Swenson is the Managing Member of Groveland Capital and may direct Groveland Capital as to the vote and disposition of the shares of Common Stock it holds; Mr. Swenson is the Managing Member of AO Partners, the General Partner of AO Partners Fund, and has the power to direct the affairs of AO Partners Fund, including the voting and disposition of shares of Common Stock held in the name of AO Partners Fund; and Mr. Swenson is the sole owner of Glenhurst, and he has the power to direct the affairs of Glenhurst, including the voting and disposition of shares of Common Stock held in the name of Glenhurst. Each Common Stock Equivalent is the economic equivalent of one share of Lendway, Inc. common stock. The Common Stock Equivalents were acquired pursuant to the Lendway, Inc. Deferred Compensation Plan for Directors (the "Plan"), whereby Directors may elect to defer receipt of cash fees. The Common Stock Equivalents will be settled (i) in Lendway, Inc. common stock upon a separation from service with the Company or (ii) in cash upon an earlier change in control of the Company. /s/ Nicholas J. Swenson 2024-07-02