# EDGAR Filing Document

**Accession Number:** 0001688522
**File Stem:** 0000921895-25-001987
**Filing Date:** 2025-7
**Character Count:** 17669
**Document Hash:** 0602f80161c98630faf9b17726f4f700
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000921895-25-001987.hdr.sgml**: 20250710

**ACCESSION NUMBER**: 0000921895-25-001987

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

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250710

**DATE AS OF CHANGE**: 20250710

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ONE Group Hospitality, Inc.
- **CENTRAL INDEX KEY:** 0001399520
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-EATING PLACES [5812]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 141961545
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1228

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-82996
- **FILM NUMBER:** 251117235

**BUSINESS ADDRESS:**
- **STREET 1:** 1624 MARKET STREET
- **STREET 2:** SUITE 311
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202
- **BUSINESS PHONE:** 212 277 5351

**MAIL ADDRESS:**
- **STREET 1:** 1624 MARKET STREET
- **STREET 2:** SUITE 311
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** COMMITTED CAPITAL ACQUISITION Corp
- **DATE OF NAME CHANGE:** 20110523

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PLASTRON ACQUISITION CORP II
- **DATE OF NAME CHANGE:** 20070515
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Philotimo Fund, LP
- **CENTRAL INDEX KEY:** 0001688522

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** 6810 LYONS TECHNOLOGY CIRCLE
- **STREET 2:** SUITE 160
- **CITY:** COCONUT CREEK
- **STATE:** FL
- **ZIP:** 33076
- **BUSINESS PHONE:** 631-863-3100

**MAIL ADDRESS:**
- **STREET 1:** 6810 LYONS TECHNOLOGY CIRCLE
- **STREET 2:** SUITE 160
- **CITY:** COCONUT CREEK
- **STATE:** FL
- **ZIP:** 33076

## Ex-1

Exhibit 1

**<u>Transactions in the Shares of the Issuer Since the Filing of Amendment No. 10 to the Schedule 13D</u>**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;<u>Nature of the Transaction</u> | &nbsp;&nbsp; Amount of Shares<br> <u>Purchased/(Sold)</u> | &nbsp;&nbsp;<u>Price ($)</u> | &nbsp;&nbsp; Date of<br> <u>Purchase/Sale</u> |

---

**<u>PHILOTIMO FUND, LP</u>**

Sale of Common Stock (40,000) 4.94 07/07/2025 <br> Sale of Common Stock (34,638) 4.77 07/08/2025 <br> Sale of Common Stock (72,096) 4.70 07/09/2025

**<u>KANEN WEALTH MANAGEMENT, LLC (through the Managed Accounts)</u>**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Sale of Common Stock | &nbsp;&nbsp;(24431) | &nbsp;&nbsp;4.61 | &nbsp;&nbsp;06/27/2025 |
| &nbsp;&nbsp;Sale of Common Stock | &nbsp;&nbsp;(48780) | &nbsp;&nbsp;4.94 | &nbsp;&nbsp;07/07/2025 |
| &nbsp;&nbsp;Sale of Common Stock | &nbsp;&nbsp;(42242) | &nbsp;&nbsp;4.77 | &nbsp;&nbsp;07/08/2025 |
| &nbsp;&nbsp;Sale of Common Stock | &nbsp;&nbsp;(87904) | &nbsp;&nbsp;4.70 | &nbsp;&nbsp;07/09/2025 |

---

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

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 11)**

**ONE Group Hospitality, Inc.**

*(Name of Issuer)*

**Common Stock, par value $0.0001 per share**

*(Title of Class of Securities)*

**88338K103**

*(CUSIP Number)*

**MR. DAVID L. KANEN**<br>KANEN WEALTH MANAGEMENT, LLC<br>6810 Lyons Technology Circle, Suite 160<br>Coconut Creek FL 33073<br>631-863-3100

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

**07/09/2025**

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

| **CUSIP No.** | **88338K103** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Philotimo Fund, LP** | Name of reporting person<br>**Philotimo Fund, LP** | |
| 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>**1823266.00** |
| 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>**1823266.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**1823266.00** | Aggregate amount beneficially owned by each reporting person<br>**1823266.00** | |
| 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>**5.9%** | Percent of class represented by amount in Row (11)<br>**5.9%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**PN** | Type of Reporting Person (See Instructions)<br>**PN** | |

---

| **CUSIP No.** | **88338K103** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Philotimo Focused Growth & Income Fund** | Name of reporting person<br>**Philotimo Focused Growth & Income Fund** | |
| 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>**393975.00** |
| 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>**393975.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**393975.00** | Aggregate amount beneficially owned by each reporting person<br>**393975.00** | |
| 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>**1.3%** | Percent of class represented by amount in Row (11)<br>**1.3%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

| **CUSIP No.** | **88338K103** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Kanen Wealth Management LLC** | Name of reporting person<br>**Kanen Wealth Management LLC** | |
| 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>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 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>**FLORIDA** | Citizenship or place of organization<br>**FLORIDA** | |
| 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>**4328182.00** |
| 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>**4328182.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**4328182.00** | Aggregate amount beneficially owned by each reporting person<br>**4328182.00** | |
| 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>**14.0%** | Percent of class represented by amount in Row (11)<br>**14.0%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IA** | Type of Reporting Person (See Instructions)<br>**IA** | |

---

| **CUSIP No.** | **88338K103** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Kanen David** | Name of reporting person<br>**Kanen David** | |
| 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>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[x] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[x] | |
| 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>**20237.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**4328182.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**20237.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**4328182.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**4348419.00** | Aggregate amount beneficially owned by each reporting person<br>**4348419.00** | |
| 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>**14.1%** | Percent of class represented by amount in Row (11)<br>**14.1%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Stock, par value $0.0001 per share

**(b) Name of Issuer:**
ONE Group Hospitality, Inc.

**(c) Address of Issuer's Principal Executive Offices:**
1624 MARKET STREET, SUITE 311, DENVER, CO, 80202

The following constitutes Amendment No. 11 to the Schedule 13D filed by the undersigned ("Amendment No. 11"). This Amendment No. 11 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.

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

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

The aggregate percentage of Shares reported owned by each person named herein is based upon 30,902,798 Shares outstanding as of April 30, 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 May 7, 2025.

A. Philotimo
As of the close of business on July 10, 2025, Philotimo beneficially owned 1,823,266 Shares. Percentage: Approximately 5.9%

B. PHLOX
As of the close of business on July 10, 2025, PHLOX beneficially owned 393,975 Shares. Percentage: Approximately 1.3%

C. KWM
As of the close of business on July 10, 2025, KWM beneficially owned 4,328,182 Shares, consisting of (a) the 1,823,266 Shares owned directly by Philotimo, which KWM may be deemed to beneficially own as the general partner of Philotimo, (b) the 393,975 Shares owned directly by PHLOX, which KWM may be deemed to beneficially own as the investment manager of PHLOX and (c) the 2,110,941 Shares held in the Managed Accounts (including 97,145 Shares held in the Managed Accounts of certain members of Mr. Kanen's immediate family), which KWM may be deemed to beneficially own as the investment manager of the Managed Accounts. Percentage: Approximately 14.0%

D. Mr. Kanen
As of the close of business on July 10, 2025, Mr. Kanen beneficially owned 4,348,419 Shares, consisting of (a) the 20,237 Shares owned directly by Mr. Kanen, (b) the 1,823,266 Shares owned directly by Philotimo, which Mr. Kanen may be deemed to beneficially own as the managing member of KWM, (c) the 393,975 Shares owned directly by PHLOX, which Mr. Kanen may be deemed to beneficially own as the managing member of KWM, and (d) the 2,110,941 Shares held in the Managed Accounts (including 97,145 Shares held in the Managed Accounts of certain members of Mr. Kanen's immediate family), which Mr. Kanen may be deemed to beneficially own as the managing member of KWM. Percentage: Approximately 14.1%

Each Reporting Person is 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, and such group may be deemed to beneficially own the 4,348,419 Shares beneficially owned in the aggregate by all the Reporting Persons, constituting approximately 14.1% of the outstanding Shares. Each Reporting Person disclaims beneficial ownership of the Shares that he or it does not directly own.

**(b)**
Item 5(b) is hereby amended and restated to read as follows:

A. Philotimo
1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 1,823,266
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 1,823,266

B. PHLOX
1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 393,975
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 393,975

C. KWM
1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 4,328,182
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 4,328,182

D. Mr. Kanen
1. Sole power to vote or direct vote: 20,237
2. Shared power to vote or direct vote: 4,328,182
3. Sole power to dispose or direct the disposition: 20,237
4. Shared power to dispose or direct the disposition: 4,328,182

**(c)**
Item 5(c) is hereby amended and restated to read as follows:

A. Philotimo
The transactions in the Shares by Philotimo since the filing of Amendment No. 10 to the Schedule 13D are set forth in Exhibit 1 and are incorporated herein by reference. All of such transactions were effected in the open market.

B. PHLOX
PHLOX has not transacted in the securities of the Issuer during the past sixty days.

C. KWM
The transactions in the Shares by KWM through the Managed Accounts since the filing of Amendment No. 10 to the Schedule 13D are set forth in Exhibit 1 and are incorporated herein by reference. All of such transactions were effected in the open market.

D. Mr. Kanen
Mr. Kanen has not transacted in the securities of the Issuer during the past sixty days.

### 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:** Philotimo Fund, LP

**Signature:** /s/ David L. Kanen

**Name/Title:** David L. Kanen, Managing Member of Kanen Wealth Management, LLC, its general partner

**Date:** 07/10/2025

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:** Philotimo Focused Growth & Income Fund

**Signature:** /s/ David L. Kanen

**Name/Title:** David L. Kanen, Managing Member of Kanen Wealth Management, LLC, its investment adviser

**Date:** 07/10/2025

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:** Kanen Wealth Management LLC

**Signature:** /s/ David L. Kanen

**Name/Title:** David L. Kanen, Managing Member

**Date:** 07/10/2025

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:** Kanen David

**Signature:** /s/ David L. Kanen

**Name/Title:** David L. Kanen

**Date:** 07/10/2025