# EDGAR Filing Document

**Accession Number:** 0000091668
**File Stem:** 0001491567-23-000005
**Filing Date:** 2023-2
**Character Count:** 13592
**Document Hash:** 44bae44c4615b65f0c250eabe93c7790
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001491567-23-000005.hdr.sgml**: 20230215

**ACCESSION NUMBER**: 0001491567-23-000005

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230127

**FILED AS OF DATE**: 20230215

**DATE AS OF CHANGE**: 20230215

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Olesen Christian
- **CENTRAL INDEX KEY:** 0001758002

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-04978
- **FILM NUMBER:** 23636914

**MAIL ADDRESS:**
- **STREET 1:** C/O OLESEN CAPITAL MANAGEMENT LLC
- **STREET 2:** 185 HUDSON STREET, SUITE 2539
- **CITY:** JERSEY CITY
- **STATE:** NJ
- **ZIP:** 07311
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Olesen Value Fund L.P.
- **CENTRAL INDEX KEY:** 0001491567
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-04978
- **FILM NUMBER:** 23636917

**BUSINESS ADDRESS:**
- **STREET 1:** C/O OLESEN CAPITAL MANAGEMENT LLC
- **STREET 2:** 185 HUDSON STREET, SUITE 2539
- **CITY:** JERSEY CITY
- **STATE:** NJ
- **ZIP:** 07311
- **BUSINESS PHONE:** (610) 866-6200

**MAIL ADDRESS:**
- **STREET 1:** C/O OLESEN CAPITAL MANAGEMENT LLC
- **STREET 2:** 185 HUDSON STREET, SUITE 2539
- **CITY:** JERSEY CITY
- **STATE:** NJ
- **ZIP:** 07311
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Olesen Capital Management LLC
- **CENTRAL INDEX KEY:** 0001758049
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-04978
- **FILM NUMBER:** 23636915

**BUSINESS ADDRESS:**
- **STREET 1:** 185 HUDSON STREET
- **STREET 2:** SUITE 2539
- **CITY:** JERSEY CITY
- **STATE:** NJ
- **ZIP:** 07311
- **BUSINESS PHONE:** 6108666200

**MAIL ADDRESS:**
- **STREET 1:** 185 HUDSON STREET
- **STREET 2:** SUITE 2539
- **CITY:** JERSEY CITY
- **STATE:** NJ
- **ZIP:** 07311
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Olesen Value Fund GP LLC
- **CENTRAL INDEX KEY:** 0001758043
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-04978
- **FILM NUMBER:** 23636916

**BUSINESS ADDRESS:**
- **STREET 1:** C/O OLESEN CAPITAL MANAGEMENT LLC
- **STREET 2:** 185 HUDSON STREET, SUITE 2539
- **CITY:** JERSEY CITY
- **STATE:** NJ
- **ZIP:** 07311
- **BUSINESS PHONE:** 6108666200

**MAIL ADDRESS:**
- **STREET 1:** C/O OLESEN CAPITAL MANAGEMENT LLC
- **STREET 2:** 185 HUDSON STREET, SUITE 2539
- **CITY:** JERSEY CITY
- **STATE:** NJ
- **ZIP:** 07311
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SOLITRON DEVICES INC
- **CENTRAL INDEX KEY:** 0000091668
- **STANDARD INDUSTRIAL CLASSIFICATION:** SEMICONDUCTORS & RELATED DEVICES [3674]
- **IRS NUMBER:** 221684144
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0228

**BUSINESS ADDRESS:**
- **STREET 1:** 3301 ELECTRONICS WAY
- **CITY:** WEST PALM BEACH
- **STATE:** FL
- **ZIP:** 33407
- **BUSINESS PHONE:** 561-848-4311

**MAIL ADDRESS:**
- **STREET 1:** 3301 ELECTRONICS WAY
- **CITY:** WEST PALM BEACH
- **STATE:** FL
- **ZIP:** 33407

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Olesen Value Fund L.P.<br><sub>(Last) (First) (Middle)</sub><br>C/O OLESEN CAPITAL MANAGEMENT LLC<br>185 HUDSON STREET, SUITE 2539<br><sub>(Street)</sub><br>JERSEY CITY, NJ 07311<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-01-27 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>SOLITRON DEVICES INC [ SODI ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Olesen Value Fund GP LLC<br><sub>(Last) (First) (Middle)</sub><br>C/O OLESEN CAPITAL MANAGEMENT LLC<br>185 HUDSON STREET, SUITE 2539<br><sub>(Street)</sub><br>JERSEY CITY, NJ 07311<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-01-27 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>SOLITRON DEVICES INC [ SODI ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Olesen Capital Management LLC<br><sub>(Last) (First) (Middle)</sub><br>185 HUDSON STREET<br>SUITE 2539<br><sub>(Street)</sub><br>JERSEY CITY, NJ 07311<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-01-27 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>SOLITRON DEVICES INC [ SODI ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Olesen Christian<br><sub>(Last) (First) (Middle)</sub><br>C/O OLESEN CAPITAL MANAGEMENT LLC<br>185 HUDSON STREET, SUITE 2539<br><sub>(Street)</sub><br>JERSEY CITY, NJ 07311<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-01-27 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>SOLITRON DEVICES INC [ SODI ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock, $0.01 par value<sup>(1)</sup> | 2023-01-27 |  | P |  | 800 | A | $10.02 | 286290 | D |  |
| Common Stock, $0.01 par value<sup>(1)</sup> | 2023-01-27 |  | P |  | 800 | A | $10.02 | 286290 | I | By Olesen Value Fund GP LLC<sup>(2)</sup> |
| Common Stock, $0.01 par value<sup>(1)</sup> | 2023-01-27 |  | P |  | 800 | A | $10.02 | 286290 | I | By Olesen Capital Management LLC<sup>(3)</sup> |
| Common Stock, $0.01 par value<sup>(1)</sup> | 2023-01-27 |  | P |  | 800 | A | $10.02 | 286290 | I | By Christian Olesen<sup>(4)</sup> |
| Common Stock, $0.01 par value<sup>(1)</sup> | 2023-02-09 |  | P |  | 100 | A | $10.02 | 286390 | D |  |
| Common Stock, $0.01 par value<sup>(1)</sup> | 2023-02-09 |  | P |  | 100 | A | $10.02 | 286390 | I | By Olesen Value Fund GP LLC<sup>(2)</sup> |
| Common Stock, $0.01 par value<sup>(1)</sup> | 2023-02-09 |  | P |  | 100 | A | $10.02 | 286390 | I | By Olesen Capital Management LLC<sup>(3)</sup> |
| Common Stock, $0.01 par value<sup>(1)</sup> | 2023-02-09 |  | P |  | 100 | A | $10.02 | 286390 | I | By Christian Olesen<sup>(4)</sup> |
| Common Stock, $0.01 par value<sup>(1)</sup> | 2023-02-14 |  | P |  | 5800 | A | $10.01 | 292190 | D |  |
| Common Stock, $0.01 par value<sup>(1)</sup> | 2023-02-14 |  | P |  | 5800 | A | $10.01 | 292190 | I | By Olesen Value Fund GP LLC<sup>(2)</sup> |
| Common Stock, $0.01 par value<sup>(1)</sup> | 2023-02-14 |  | P |  | 5800 | A | $10.01 | 292190 | I | By Olesen Capital Management LLC<sup>(3)</sup> |
| Common Stock, $0.01 par value<sup>(1)</sup> | 2023-02-14 |  | P |  | 5800 | A | $10.01 | 292190 | I | By Christian Olesen<sup>(4)</sup> |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

### Footnotes:

(1) This Form 4 is filed jointly by Olesen Value Fund L.P., Olesen Value Fund GP LLC, Olesen Capital Management LLC and Christian Olesen, the address of each of which is c/o Olesen Capital Management LLC, 185 Hudson Street, Suite 2539, Jersey City, NJ 07311 (collectively, the "Reporting Persons"). Each Reporting Person disclaims beneficial ownership of the shares of common Stock reported herein except to the extent of its or his pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such shares of Common Stock for purposes of Section 16 or for any other purpose.

(2) Shares of Common Stock beneficially owned directly by Olesen Value Fund L.P. Olesen Value Fund GP LLC, as the general partner of Olesen Value Fund L.P., may be deemed the beneficial owner of the shares of Common Stock beneficially owned by Olesen Value Fund L.P.

(3) Shares of Common Stock beneficially owned directly by Olesen Value Fund L.P. Olesen Capital Management LLC, as the investment manager of Olesen Value Fund L.P., may be deemed the beneficial owner of the shares of Common Stock beneficially owned by Olesen Value Fund L.P.

(4) Shares of Common Stock beneficially owned directly by Olesen Value Fund L.P. Christian Olesen, as the managing member of Olesen Value Fund GP LLC and Olesen Capital Management LLC, may be deemed the beneficial owner of the shares of Common Stock beneficially owned by Olesen Value Fund L.P.

**Signature:** For Olesen Value Fund L.P.; By: Olesen Capital Management LLC,; By: /s/ Christian Olesen, Managing Member  
**Date:** 2023-02-15

**Signature:** For Olesen Value Fund GP LLC; By: /s/ Christian Olesen, Managing Member  
**Date:** 2023-02-15

**Signature:** For Olesen Capital Management LLC; By: /s/ Christian Olesen, Managing Member  
**Date:** 2023-02-15

**Signature:** For Christian Olesen; By: /s/ Christian Olesen  
**Date:** 2023-02-15

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**