# EDGAR Filing Document

**Accession Number:** 0001616262
**File Stem:** 0001193125-25-329267
**Filing Date:** 2025-12
**Character Count:** 33718
**Document Hash:** 70e5957d4350cce33bac7355ab494216
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-329267.hdr.sgml**: 20251222

**ACCESSION NUMBER**: 0001193125-25-329267

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20251222

**DATE AS OF CHANGE**: 20251222

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Rocky Mountain Chocolate Factory, Inc.
- **CENTRAL INDEX KEY:** 0001616262
- **STANDARD INDUSTRIAL CLASSIFICATION:** SUGAR & CONFECTIONERY PRODUCTS [2060]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 471535633
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-89350
- **FILM NUMBER:** 251594517

**BUSINESS ADDRESS:**
- **STREET 1:** 265 TURNER DRIVE
- **CITY:** DURANGO
- **STATE:** CO
- **ZIP:** 80202
- **BUSINESS PHONE:** (970) 259-0554

**MAIL ADDRESS:**
- **STREET 1:** 265 TURNER DRIVE
- **CITY:** DURANGO
- **STATE:** CO
- **ZIP:** 80202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Rocky Mountain Brands, Inc.
- **DATE OF NAME CHANGE:** 20140808
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GLOBAL VALUE INVESTMENT CORP.
- **CENTRAL INDEX KEY:** 0001569866

**ORGANIZATION NAME:**
- **EIN:** 260585642
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** 1433 N WATER STREET
- **STREET 2:** SUITE 400
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 262-478-0640

**MAIL ADDRESS:**
- **STREET 1:** 1433 N WATER STREET
- **STREET 2:** SUITE 400
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MILWAUKEE PRIVATE WEALTH MANAGEMENT, INC.
- **DATE OF NAME CHANGE:** 20130215

## Ex-14

**Exhibit 14**

**Transactions by the Reporting Persons in the Past 60 Days**

The following table sets forth all unreported transactions with respect to the Common Stock effected in the last 60 days by or on behalf of the Reporting Persons, inclusive of any transactions effected through 4:00 p.m., Eastern time, on December 22, 2025. Unless otherwise indicated, all such transactions were effected in the open market.

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Person Effecting the Transaction** | &nbsp;&nbsp;**Transaction Date** | &nbsp;&nbsp;**Nature of Transaction** | &nbsp;&nbsp;**Securities Purchased or Sold** | &nbsp;&nbsp;**Price per Share** |
| &nbsp;&nbsp;Clients of GVIC | &nbsp;&nbsp;10/23/2025 | &nbsp;&nbsp;Delivery of Common Stock<sup>(1)</sup> | &nbsp;&nbsp;2145 | &nbsp;&nbsp;N/A |
| &nbsp;&nbsp;Clients of GVIC | &nbsp;&nbsp;10/24/2025 | &nbsp;&nbsp;Purchase of Common Stock | &nbsp;&nbsp;6720 | &nbsp;&nbsp;$1.82<sup>(4)</sup> |
| &nbsp;&nbsp;Clients of GVIC | &nbsp;&nbsp;10/29/2025 | &nbsp;&nbsp;Delivery of Common Stock<sup>(2)</sup> | &nbsp;&nbsp;3690 | &nbsp;&nbsp;N/A |
| &nbsp;&nbsp;Clients of GVIC | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;Purchase of Common Stock | &nbsp;&nbsp;8935 | &nbsp;&nbsp;$1.64<sup>(4)</sup> |
| &nbsp;&nbsp;Clients of GVIC | &nbsp;&nbsp;11/24/2025 | &nbsp;&nbsp;Sale of Common Stock<sup>(3)</sup> | &nbsp;&nbsp;6915 | &nbsp;&nbsp;$1.62<sup>(4)</sup> |

---

**______________________**

<sup>(1)</sup> As of October 23, 2025, certain separately managed accounts terminated their relationship with, and are no longer advised by, GVIC. The positions held in such accounts are therefore no longer included herein.

<sup>(2)</sup> As of October 29, 2025, certain separately managed accounts terminated their relationship with, and are no longer advised by, GVIC. The positions held in such accounts are therefore no longer included herein.

<sup>(3)</sup> On the listed transaction date, GVIC executed a non-discretionary, unsolicited trade in a client account, at the sole direction of the account owner, for the purpose of tax management.

<sup>(4)</sup> This transaction price represents the weighted average transaction price of the shares referenced. Upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, the Reporting Persons will provide full information regarding the number of shares purchased at each separate price within the range set forth in this Statement

------

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

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 17)**

**Rocky Mountain Chocolate Factory, Inc.**

*(Name of Issuer)*

**Common Stock, $0.001 par value per share**

*(Title of Class of Securities)*

**77467X101**

*(CUSIP Number)*

**Global Value Investment Corp.**<br>1433 N. Water Street<br>Suite 400<br>Milwaukee WI 53202<br>(262) 478-0640

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**12/18/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **77467X101** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Global Value Investment Corporation** | Name of reporting person<br>**Global Value Investment Corporation** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**1966219.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**1966219.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**1966219.00** | Aggregate amount beneficially owned by each reporting person<br>**1966219.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**21.14%** | Percent of class represented by amount in Row (11)<br>**21.14%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IA** | Type of Reporting Person (See Instructions)<br>**IA** | |

---

**Comment for Reporting Person:** Percentage calculated is based on 7,800,508 shares of Common Stock, $0.001 par value outstanding as of October 10, 2025, as reported in the Form 10-Q for the fiscal quarterly period ended August 31, 2025, of Rocky Mountain Chocolate Factory, Inc., plus 1,500,000 shares of Common Stock, $0.001 par value, issued on December 18, 2025, pursuant to an offering of Common Stock, $0.001 par value, as reported in the Form 8-K filed by the Issuer with the U.S. Securities and Exchange Commission on December 19, 2025.

| **CUSIP No.** | **77467X101** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**GVP 2021-A, L.P.** | Name of reporting person<br>**GVP 2021-A, L.P.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**135820.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**135820.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**135820.00** | Aggregate amount beneficially owned by each reporting person<br>**135820.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**1.46%** | Percent of class represented by amount in Row (11)<br>**1.46%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**PN** | Type of Reporting Person (See Instructions)<br>**PN** | |

---

**Comment for Reporting Person:** Percentage calculated is based on 7,800,508 shares of Common Stock, $0.001 par value outstanding as of October 10, 2025, as reported in the Form 10-Q for the fiscal quarterly period ended August 31, 2025, of Rocky Mountain Chocolate Factory, Inc., plus 1,500,000 shares of Common Stock, $0.001 par value, issued on December 18, 2025, pursuant to an offering of Common Stock, $0.001 par value, as reported in the Form 8-K filed by the Issuer with the U.S. Securities and Exchange Commission on December 19, 2025.

| **CUSIP No.** | **77467X101** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**GVP 2021-A, L.L.C.** | Name of reporting person<br>**GVP 2021-A, L.L.C.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**135820.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**135820.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**135820.00** | Aggregate amount beneficially owned by each reporting person<br>**135820.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**1.46%** | Percent of class represented by amount in Row (11)<br>**1.46%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** Percentage calculated is based on 7,800,508 shares of Common Stock, $0.001 par value outstanding as of October 10, 2025, as reported in the Form 10-Q for the fiscal quarterly period ended August 31, 2025, of Rocky Mountain Chocolate Factory, Inc., plus 1,500,000 shares of Common Stock, $0.001 par value, issued on December 18, 2025, pursuant to an offering of Common Stock, $0.001 par value, as reported in the Form 8-K filed by the Issuer with the U.S. Securities and Exchange Commission on December 19, 2025.

| **CUSIP No.** | **77467X101** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Jeffrey R. Geygan** | Name of reporting person<br>**Jeffrey R. Geygan** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**1966219.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**1966219.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**1966219.00** | Aggregate amount beneficially owned by each reporting person<br>**1966219.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**21.14%** | Percent of class represented by amount in Row (11)<br>**21.14%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** Percentage calculated is based on 7,800,508 shares of Common Stock, $0.001 par value outstanding as of October 10, 2025, as reported in the Form 10-Q for the fiscal quarterly period ended August 31, 2025, of Rocky Mountain Chocolate Factory, Inc., plus 1,500,000 shares of Common Stock, $0.001 par value, issued on December 18, 2025, pursuant to an offering of Common Stock, $0.001 par value, as reported in the Form 8-K filed by the Issuer with the U.S. Securities and Exchange Commission on December 19, 2025.

| **CUSIP No.** | **77467X101** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**James P. Geygan** | Name of reporting person<br>**James P. Geygan** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**PF** | Source of funds (See Instructions)<br>**PF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**1966219.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**1966219.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**1966219.00** | Aggregate amount beneficially owned by each reporting person<br>**1966219.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**21.14%** | Percent of class represented by amount in Row (11)<br>**21.14%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** Percentage calculated is based on 7,800,508 shares of Common Stock, $0.001 par value outstanding as of October 10, 2025, as reported in the Form 10-Q for the fiscal quarterly period ended August 31, 2025, of Rocky Mountain Chocolate Factory, Inc., plus 1,500,000 shares of Common Stock, $0.001 par value, issued on December 18, 2025, pursuant to an offering of Common Stock, $0.001 par value, as reported in the Form 8-K filed by the Issuer with the U.S. Securities and Exchange Commission on December 19, 2025.

| **CUSIP No.** | **77467X101** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Stacy A. Wilke** | Name of reporting person<br>**Stacy A. Wilke** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**PF** | Source of funds (See Instructions)<br>**PF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**8650.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**8650.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**8650.00** | Aggregate amount beneficially owned by each reporting person<br>**8650.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0.09%** | Percent of class represented by amount in Row (11)<br>**0.09%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** Percentage calculated is based on 7,800,508 shares of Common Stock, $0.001 par value outstanding as of October 10, 2025, as reported in the Form 10-Q for the fiscal quarterly period ended August 31, 2025, of Rocky Mountain Chocolate Factory, Inc., plus 1,500,000 shares of Common Stock, $0.001 par value, issued on December 18, 2025, pursuant to an offering of Common Stock, $0.001 par value, as reported in the Form 8-K filed by the Issuer with the U.S. Securities and Exchange Commission on December 19, 2025.

| **CUSIP No.** | **77467X101** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Kathleen M. Geygan** | Name of reporting person<br>**Kathleen M. Geygan** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**PF** | Source of funds (See Instructions)<br>**PF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**108036.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**108036.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**108036.00** | Aggregate amount beneficially owned by each reporting person<br>**108036.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**1.16%** | Percent of class represented by amount in Row (11)<br>**1.16%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** Percentage calculated is based on 7,800,508 shares of Common Stock, $0.001 par value outstanding as of October 10, 2025, as reported in the Form 10-Q for the fiscal quarterly period ended August 31, 2025, of Rocky Mountain Chocolate Factory, Inc., plus 1,500,000 shares of Common Stock, $0.001 par value, issued on December 18, 2025, pursuant to an offering of Common Stock, $0.001 par value, as reported in the Form 8-K filed by the Issuer with the U.S. Securities and Exchange Commission on December 19, 2025.

| **CUSIP No.** | **77467X101** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Shawn G. Rice** | Name of reporting person<br>**Shawn G. Rice** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**PF** | Source of funds (See Instructions)<br>**PF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**5325.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**5325.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**5325.00** | Aggregate amount beneficially owned by each reporting person<br>**5325.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0.05%** | Percent of class represented by amount in Row (11)<br>**0.05%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** Percentage calculated is based on 7,800,508 shares of Common Stock, $0.001 par value outstanding as of October 10, 2025, as reported in the Form 10-Q for the fiscal quarterly period ended August 31, 2025, of Rocky Mountain Chocolate Factory, Inc., plus 1,500,000 shares of Common Stock, $0.001 par value, issued on December 18, 2025, pursuant to an offering of Common Stock, $0.001 par value, as reported in the Form 8-K filed by the Issuer with the U.S. Securities and Exchange Commission on December 19, 2025.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Stock, $0.001 par value per share

**(b) Name of Issuer:**
Rocky Mountain Chocolate Factory, Inc.

**(c) Address of Issuer's Principal Executive Offices:**
265 Turner Drive, Durango, CO, 81303

The securities to which this statement on Schedule 13D (this "Statement") relates are the Common Stock, $0.001 par value (the "Common Stock"), of Rocky Mountain Chocolate Factory, Inc., a Delaware corporation (the "Issuer"). The address of the principal executive offices of the Issuer is 265 Turner Drive, Durango, Colorado 81303.

**Item 4. Purpose of Transaction**

Item 4 is amended and restated as follows:

The Reporting Persons purchased the shares of Common Stock for investment purposes, and such purchases have been made in the ordinary course of business of the Reporting Persons.

In pursuing such investment purposes but subject to the terms of the Cooperation Agreement (as defined and described below), the Reporting Persons may further purchase, hold, vote, trade, dispose, or otherwise deal in the Common Stock at times, and in such manner, as they deem advisable to benefit from, among other things, (1) changes in the market prices of the shares of Common Stock; (2) changes in the Issuer's operations, business strategy, or prospects; or (3) the sale or merger of the Issuer. To evaluate such alternatives, the Reporting Persons will closely monitor the Issuer's operations, prospects, business development, management, competitive and strategic matters, capital structure, and prevailing market conditions, as well as other economic, securities markets, and investment considerations. Consistent with their investment research methods and evaluation criteria, the Reporting Persons have in the past discussed, and may in the future discuss, subject to the terms of the Cooperation Agreement, such matters with the management or Board of Directors of the Issuer (the "Board"), other stockholders, industry analysts, existing or potential strategic partners or competitors, investment and financing professionals, sources of credit, and other investors. Subject to the terms of the Cooperation Agreement, such evaluations and discussions may materially affect, and result in, among other things, the Reporting Persons (1) modifying their ownership of the Common Stock; (2) exchanging information with the Issuer pursuant to appropriate confidentiality or similar agreements; (3) proposing changes in the Issuer's operations, governance, or capitalization; (4) initiating or pursuing a transaction that would result in the Reporting Persons' acquisition of all or a controlling interest in the Issuer; or (5) pursuing one or more of the other actions described in subsections (a) through (j) of Item 4 of Schedule 13D.

In addition to the information disclosed in this Statement but subject to the terms of the Cooperation Agreement, the Reporting Persons reserve the right to (1) formulate other plans and proposals; (2) take any actions with respect to their investment in the Issuer, including any or all of the actions set forth in subsections (a) through (j) of Item 4 of Schedule 13D; and (3) acquire additional shares of Common Stock or dispose of some or all of the shares of Common Stock beneficially owned by them, in each case in the open market, through privately negotiated transactions, or otherwise.

On December 18, 2025 (the "Effective Date"), the Company, GVIC, GVP 2021-A, L.P., GVP, 2021-A, L.L.C., Jeffrey R. Geygan, James P. Geygan, Stacy A. Wilke, Kathleen, M. Geygan, and Shawn G. Rice entered into an amendment (the "Amendment") to the cooperation agreement dated November 26, 2024 (the "Cooperation Agreement"), between the Company, Global Value Investment Corporation and certain of its affiliates (collectively, "GVIC"), and certain other parties. As a result of the Amendment, GVIC is not permitted to increase its ownership of the Company's securities to an amount that would result in GVIC owning, controlling or otherwise having any beneficial or other ownership interest of more than 25.0% of the then-outstanding Voting Securities (as defined in the Cooperation Agreement).

The foregoing descriptions of the Amendment and Cooperation Agreement are not complete and are qualified in their entirety by reference to the Cooperation Agreement (filed with the Securities and Exchange Commission on November 26, 2024, as Exhibit 12 to GVIC's sixteenth amendment to Schedule 13D) and the Amendment, which is attached as Exhibit 13.

**Item 5. Interest in Securities of the Issuer**

**(a)**
Item 5 is amended and restated as follows:

The responses of the Reporting Persons to rows 7, 8, 9, 10, 11 and 13 on the cover pages of this Statement are incorporated herein by reference. As of 4:00 p.m., Eastern time, on December 22, 2025, the Reporting Persons beneficially owned 1,966,219 shares of Common Stock, representing approximately 21.14% of the outstanding shares of Common Stock. Percentage calculated is based on 7,800,508 shares of Common Stock, $0.001 par value outstanding as of October 10, 2025, as reported in the Form 10-Q for the fiscal quarterly period ended August 31, 2025, of Rocky Mountain Chocolate Factory, Inc., plus 1,500,000 shares of Common Stock, $0.001 par value, issued on December 18, 2025, pursuant to an offering of Common Stock, $0.001 par value, as reported in the Form 8-K filed by the Issuer with the U.S. Securities and Exchange Commission on December 19, 2025.

Each Reporting Person, as a member of a "group" with the other Reporting Persons for the purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, may be deemed to be the beneficial owner of the shares of Common Stock directly owned by the other Reporting Persons. Each Reporting Person disclaims beneficial ownership of such shares except to the extent of his, her or its pecuniary interest therein.

**(b)**
See above.

**(c)**
Except as set forth in Exhibit 14, none of the Reporting Persons has effected any transactions in the Common Stock in the 60 days prior to the date of this Statement.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

Item 6 is hereby amended to add the following:

On December 18, 2025, the Reporting Persons and the Issuer entered into the Amendment as defined and described in Item 4 above and attached as Exhibit 13 hereto.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Global Value Investment Corporation

**Signature:** James P. Geygan

**Name/Title:** Chief Executive Officer

**Date:** 12/22/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** GVP 2021-A, L.P.

**Signature:** James P. Geygan

**Name/Title:** Chief Executive Officer

**Date:** 12/22/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** GVP 2021-A, L.L.C.

**Signature:** James P. Geygan

**Name/Title:** Chief Executive Officer

**Date:** 12/22/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Jeffrey R. Geygan

**Signature:** Jeffrey R. Geygan

**Name/Title:** Director

**Date:** 12/22/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** James P. Geygan

**Signature:** James P. Geygan

**Name/Title:** Chief Executive Officer and Director

**Date:** 12/22/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Stacy A. Wilke

**Signature:** Stacy A. Wilke

**Name/Title:** Chief Financial Officer

**Date:** 12/22/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Kathleen M. Geygan

**Signature:** Kathleen M. Geygan

**Name/Title:** Director

**Date:** 12/22/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Shawn G. Rice

**Signature:** Shawn G. Rice

**Name/Title:** Director

**Date:** 12/22/2025