# EDGAR Filing Document

**Accession Number:** 0002081187
**File Stem:** 0001493152-26-018716
**Filing Date:** 2026-4
**Character Count:** 16608
**Document Hash:** 7c6b05d1ac698d300b526f00fe37fd50
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-26-018716.hdr.sgml**: 20260423

**ACCESSION NUMBER**: 0001493152-26-018716

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

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260423

**DATE AS OF CHANGE**: 20260423

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CalEthos, Inc.
- **CENTRAL INDEX KEY:** 0001174891
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 000000000
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-81555
- **FILM NUMBER:** 26888705

**BUSINESS ADDRESS:**
- **STREET 1:** THREE SUGAR CREEK CENTER
- **STREET 2:** SUITE 100
- **CITY:** SUGAR LAND
- **STATE:** TX
- **ZIP:** 77478
- **BUSINESS PHONE:** 713-929-3863

**MAIL ADDRESS:**
- **STREET 1:** THREE SUGAR CREEK CENTER
- **STREET 2:** SUITE 100
- **CITY:** SUGAR LAND
- **STATE:** TX
- **ZIP:** 77478

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RealSource Residential, Inc
- **DATE OF NAME CHANGE:** 20130814

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** UPSTREAM BIOSCIENCES INC.
- **DATE OF NAME CHANGE:** 20090422

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FORCE ENERGY CORP.
- **DATE OF NAME CHANGE:** 20090415
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Thompson Chauncey Lennis
- **CENTRAL INDEX KEY:** 0002081187

**ORGANIZATION NAME:**

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

**MAIL ADDRESS:**
- **STREET 1:** 83844 CHARRO DR
- **CITY:** INDIO
- **STATE:** CA
- **ZIP:** 92203

## Ex-4

**Exhibit 4**

***CALETHOS INC.***

***11753 Willard Avenue<br> Tustin, CA 92782***

 ****

April 23, 2026

SFO IDF LLC

787 N. Palm Canyon Drive

Palm Springs, CA 92262

Attention: Chauncey Thompson

Dear Mr. Thompson:

Reference is made to (i) the outstanding promissory notes dated April 22, 2025, July 22 2025 and December 15, 2025 of CalEthos Inc. (the "Company") in the principal amounts of $250,000, $500,000 and $250,000, respectively (the "Outstanding Notes"), issued to and currently held by SFO IDF LLC ("SFO IDF") and (ii) the Confidential Letter Of Intent For Joint Venture and Data Center Campus Co-Development dated April 13, 2026 (the "JVLOI") between the Company and GW Finance, LLC ("GW Finance"), a copy of which is annexed hereto as <u>Annex A</u>, relating to the joint development by the Company and GW Finance of a proposed 524-acre data center campus to be known as the Raft River Data Center Campus (the "Campus") .

This letter will confirm the understanding and agreement of the Company and SFO IDF as to the following matters:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. On
 the date hereof, SFO IDF shall make a loan to the Company in the amount of $15,000,000, in
 consideration for which the Company shall issue to SFO IDF (i) a promissory note of the Company
 (the "Note"), substantially in the form and having the terms as set forth in
 the form of promissory note annexed hereto as <u>Annex B</u>, in the principal amount of
 $15,000,000 and (ii) a warrant of the Company (the "Warrant"), substantially
 in the form and having the terms as set forth in the form of warrant annexed hereto as <u>Annex C</u> to purchase 5,000,000 shares of common stock for a purchase price of $0.50 per share,
 each to be delivered by the Company to SFO IDF on the date hereof. The proceeds of such loan
 shall be used by the Company primarily for the purposes on enabling the Company to carry
 out its obligations under a joint venture and co-development agreement to be entered into
 by the Company and GW Finance, or affiliates thereof, on the basis of the terms agreed upon
 by such parties in the JVLOI, including, without limitation, for the purpose of purchasing
 a certificate of deposit in the amount of approximately $6,000,000 to be posted by the Company
 or a subsidiary thereof to secure a performance letter of credit in such amount to be delivered
 by the Company to Tenaska Marketing Ventures, a Nebraska general partnership ("TMV"),
 pursuant to the terms of the Letter Agreement dated as of April 14, 2026 between the Company,
 and TVM.

2. On
 the date hereof, the Company and SFO IDF shall restructure the amounts due and payable by
 the Company to SFO IDF under, and pursuant to, the Outstanding Notes as of the date hereof
 by cancelling the Outstanding Notes on the date hereof and, in consideration of such cancellation,
 (i) adding $1,000,000 of additional principal to the Note to be delivered by the Company
 to SFO IDF on the date hereof, and (ii) adding 1,000,000 shares of common stock of the Company
 to the Warrant to be delivered by the Company to SFO IDF on the date hereof. As a result
 of such cancellation of the Outstanding Notes, (a) the Note delivered by the Company on the
 date hereof to SFO IDF will be in the principal amount of $16,000,000 and (b) the Warrant
 delivered by the Company on the date hereof to SFO IDF will be for the purchase of 6,000,000
 shares of common stock. From and after the date hereof, the Company shall have no further
 obligations under the Outstanding Notes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. As
 additional consideration for the $15,000,000 loan to be made by SFO IDF to the Company pursuant
 to Section 1 above, the Company will pay to SFO IDF within five (5) business days of its
 receipt thereof, all amounts received by the Company or any affiliate thereof from the sale
 or lease by RRDC (as defined in the JVLOI) of any Phase 1 construction-ready building site
 or parcel to a data center off-taker (a company that will purchase one or all of the available
 parcels of RRDC for the purpose of constructing a data center) in Phase I of the Campus.
 As contemplated by the JVLOI, the Company or its affiliate is expected to receive fifty percent
 (50%) of the net proceeds from any such sale or lease.

4. It
 is contemplated by the JCLOI that construction-ready sites or parcels of RRDC will sell or
 lease for approximately $250,000 per MW on the first 300 megawatts (MW) of power to be supplied
 by the Company to its data center off-takers, which would result in net proceeds to the Company
 or its affiliates of approximately $37,500,000 (50% of $75,000,000). If construction-ready
 sites sell for more than $250,000 per MW, SFO IDF shall be entitled to 50% of whatever the
 net sale proceeds of construction-ready sites are, without an y limitations.

5. If
 the aggregate payments to SFO IDF from the sale or lease of Phase I construction-ready building
 sites pursuant to Section 3 above is less than $37,500,000, then the Company shall pay to
 SFO IDF over the two-year period commencing on the date of the final sale or lease of a Phase
 1 construction-ready building site(s) a percentage of the net income received by the Company
 or its affiliates from Campus Site Services (power, water, sewer, fiber or other services)
 provided by the Company or its affiliates to data center off-takers until SFO IDF has received
 in the aggregate $37,500,000 from the RRDC project. The Company and SFO IDF shall negotiate
 in good faith the source(s) of such additional payments and the percentage(s) of the Company's
 net income from each such source that shall be paid to SFO IDF.

6. If
 the Company shall develop Phase 2 or Phase 3 of the Campus, the Company shall pay to SFO
 IDF an amount equal to $10,000,000 per 300MW of construction-ready building sites sold or
 leased in such Phase 2 or Phase 3, or a pro rata percentage of that amount for any such powered
 building site that is powered in an amount less than 300MW.

If the foregoing accurately sets forth the understanding and agreement of the Company and SFO IDF as to the matters set forth above, please execute a copy of this letter where required below and return an executed copy to the undersigned.

---

| | |
|:---|:---|
| Very truly yours, | Very truly yours, |
| CALETHOS INC. | CALETHOS INC. |
| By: | Joel D. Stone |
|  | Joel D. Stone |
|  | Chief Executive Officer |

---

**Acknowledged and Agreed** this<br> 23<sup>rd</sup> day of April, 2026

SFO IDF LLC

---

| | |
|:---|:---|
| By: | /s/ Chauncey Thompson |
| Name: | Chauncey Thompson |
| Title: | Manager |

---

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

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 3)**

**CalEthos, Inc.**

*(Name of Issuer)*

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

*(Title of Class of Securities)*

**—**

*(CUSIP Number)*

**Chauncey Lennis Thompson**<br>83844 Charro Dr.<br>Indio CA 92203<br>(951) 634-6282

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

**04/23/2026**

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

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Chauncey Lennis Thompson** | Name of reporting person<br>**Chauncey Lennis Thompson** | |
| 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>**23783263.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**23783263.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**23783263.00** | Aggregate amount beneficially owned by each reporting person<br>**23783263.00** | |
| 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>**58.81%** | Percent of class represented by amount in Row (11)<br>**58.81%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** (1) Includes (i) 13,958,877 shares of Common Stock (as defined in Item 1) issuable upon the exercise of warrants to purchase 13,958,877 shares of Common Stock (the "Warrants") and (ii) 750,000 shares of Common Stock issuable upon the exercise of vested stock options (the "Options"). Of the securities reported herein, the outstanding shares of Common Stock and the Warrants and Options are owned directly by SFO IDF LLC ("SFO IDF"), a company of which the Reporting Person is the manager. As the manager of SFO IDF, the Reporting Person has the power to direct the voting and disposition of securities held in the name of SFO IDF and may be deemed to beneficially own the securities of the Issuer held by SFO IDF, but disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. (2) Based on 25,730,540 Shares issued and outstanding as of March 16, 2026 as reported in the Issuer's Form 10-K, filed with the United States Securities and Exchange Commission on March 31, 2026 (the "Form 10-K"), and includes (i) 13,958,877 shares of Common Stock issuable upon the exercise of the Warrants and (ii) 750,000 shares of Common Stock issuable upon the exercise of the Options.

**Item 1. Security and Issuer**

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

**(b) Name of Issuer:**
CalEthos, Inc.

**(c) Address of Issuer's Principal Executive Offices:**
11753 Willard Avenue, Tustin, CA, 92782

This Third Amendment (the "Third Amendment") to the Schedule 13D filed on August 13, 2025 (the "Original Schedule 13D"), as amended on December 18, 2025 (the "First Amendment") and on March 16, 2026 (the "Second Amendment"), relates to shares of Common Stock, $0.001 par value per share (the "Common Stock"), of CalEthos, Inc., a Nevada corporation (the "Issuer").

**Item 4. Purpose of Transaction**

The Reporting Person is filing this Schedule 13D to report that he has received the April 2026 Warrant and the April 2026 Note, as described in Item 3 above. Except as set forth herein, the Reporting Person has no present plans or proposals that relate to or would result in any of the actions required to be described in subsections (a) through (j) of Item 4 of Schedule 13D. The Reporting Person may, at any time, review or reconsider his positions with respect to the Issuer and formulate plans or proposals with respect to any of such matters, but except as described herein, he has no present intention of doing so.

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

**(a)**
The percentages reported in this Schedule 13D are calculated based on 25,730,540 Shares issued and outstanding as of March 16, 2026 as reported in the Issuer's Form 10-K, and includes (i) 13,958,877 shares of Common Stock issuable upon the exercise of the Warrants and (ii) 750,000 shares of Common Stock issuable upon the exercise of the Options. Aggregate number of shares beneficially owned: 23,783,263 Percentage: 58.81%

**(b)**
Number of shares as to which such person has: (i) Sole power to vote or direct the vote: 23,783,263 (ii) Shared power to vote or direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 23,783,263 (iv) Shared power to dispose or to direct the disposition of: 0

**(c)**
Other than pursuant to the transactions described in this Schedule 13D, the Reporting Person has not acquired or disposed of any shares of Common Stock during the past sixty days.

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

On July 18, 2025, SFO IDF entered into a letter agreement (the "July Letter Agreement") with the Issuer whereby the Issuer extended the maturity date of the July Note from August 31, 2025 to January 31, 2026, in exchange for additional consideration of $500,000. The July Letter Agreement was filed as Exhibit 1 to the Original Schedule 13D. On December 15, 2025, SFO IDF entered into a letter agreement (the "December Letter Agreement") with the Issuer whereby the Issuer extended the maturity date of each of the April Note and the July Note to June 30, 2026. The December Letter Agreement was filed as Exhibit 2 to the First Amendment. On September 7, 2024, SFO IDF entered into an Acquisition Agreement (the "Acquisition Agreement") with Sean Fontenot ("Fontenot") pursuant to which SFO IDF acquired from Fontenot (i) 9,074,386 shares of Common Stock, (ii) 4,458,877 shares of Common Stock issuable upon the exercise of warrants to purchase Common Stock, and (iii) 750,000 shares of Common Stock issuable upon the exercise of vested stock options. The Acquisition Agreement was filed as Exhibit 3 to the Second Amendment. On April 23, 2026, SFO IDF entered into a letter agreement (the "April Letter Agreement") with the Issuer whereby the Issuer extended the maturity date of each of the April Note, the July Note and the December Note to April 30, 2028. The April Letter Agreement is attached as Exhibit 4 to this Third Amendment. Other than the agreements described above, there are no contracts, arrangements, understandings or relationships (legal or otherwise) between the Reporting Person and any other person with respect to any securities of the Issuer.

### 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:** Chauncey Lennis Thompson

**Signature:** /s/ Chauncey Lennis Thompson

**Name/Title:** Chauncey Lennis Thompson

**Date:** 04/23/2026