# EDGAR Filing Document

**Accession Number:** 0001283832
**File Stem:** 0001185185-26-000068
**Filing Date:** 2026-1
**Character Count:** 30937
**Document Hash:** a1d890a907a844e8b6fbd5a0d9d5c66a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001185185-26-000068.hdr.sgml**: 20260108

**ACCESSION NUMBER**: 0001185185-26-000068

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

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260108

**DATE AS OF CHANGE**: 20260108

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tectonic Financial, Inc.
- **CENTRAL INDEX KEY:** 0001766526
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 820764846
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-91423
- **FILM NUMBER:** 26517260

**BUSINESS ADDRESS:**
- **STREET 1:** 16200 DALLAS PARKWAY, SUITE 190
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75248
- **BUSINESS PHONE:** 972-720-9000

**MAIL ADDRESS:**
- **STREET 1:** 16200 DALLAS PARKWAY, SUITE 190
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75248

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** T Acquisition, Inc.
- **DATE OF NAME CHANGE:** 20190131
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SHERMAN A HAAG
- **CENTRAL INDEX KEY:** 0001283832

**ORGANIZATION NAME:**

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

**MAIL ADDRESS:**
- **STREET 1:** 600 TRAVIS STREET, SUITE 5900
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77002

## Ex-1

<u>Annex A</u>

---

| | |
|:---|:---|
| THE BOLT TRUST |  |
| Name: | Principal Occupation: |
| Tracy A. Bolt, Co-Trustee | Retired; former accountant |
| Max H. Bolt, Co-Trustee | Tax consultant |
| IF HOLDINGS, LLC |  |
| Name: | Principal Occupation: |
| Randall W. Woods, Sole Member | Chief Executive Officer of the Integra division within T Bank, N.A. 011021.0000001 DMS 354238935v4 |

---

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

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 2)**

**Tectonic Financial, Inc.**

*(Name of Issuer)*

**Common Stock, par value $0.01 per share**

*(Title of Class of Securities)*

**87877Q109**

*(CUSIP Number)*

**A. Haag Sherman**<br>Chief Executive Officer<br>16200 Dallas Parkway, Suite 190<br>Dallas TX 75248<br>(972) 720-9000

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

**01/05/2026**

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

| **CUSIP No.** | **87877Q109** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**A. Haag Sherman** | Name of reporting person<br>**A. Haag Sherman** | |
| 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>**2101000.00** |
| 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>**2101000.00** |
| 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>**2101000.00** | Aggregate amount beneficially owned by each reporting person<br>**2101000.00** | |
| 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>**39.78%** | Percent of class represented by amount in Row (11)<br>**39.78%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** * Mr. Sherman is the sole trustee of, and has voting power over the shares held by, The Sherman 2018 Irrevocable Trust and is the Chief Executive Officer of the general partner of, and has voting power over the shares held by, Sherman Tectonic FLP LP.

1 Based on 5,280,986 shares of common stock of Tectonic Financial, Inc. issued and outstanding as of January 5, 2026.

| **CUSIP No.** | **87877Q109** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Sherman Tectonic FLP LP** | Name of reporting person<br>**Sherman Tectonic FLP 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>**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>**TEXAS** | Citizenship or place of organization<br>**TEXAS** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**370000.00** |
| 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>**370000.00** |
| 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>**370000.00** | Aggregate amount beneficially owned by each reporting person<br>**370000.00** | |
| 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>**7.01%** | Percent of class represented by amount in Row (11)<br>**7.01%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**PN** | Type of Reporting Person (See Instructions)<br>**PN** | |

---

| **CUSIP No.** | **87877Q109** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**The Sherman 2018 Irrevocable Trust** | Name of reporting person<br>**The Sherman 2018 Irrevocable Trust** | |
| 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>**TEXAS** | Citizenship or place of organization<br>**TEXAS** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**1719000.00** |
| 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>**1719000.00** |
| 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>**1719000.00** | Aggregate amount beneficially owned by each reporting person<br>**1719000.00** | |
| 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>**32.55%** | Percent of class represented by amount in Row (11)<br>**32.55%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

| **CUSIP No.** | **87877Q109** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**George L. Ball** | Name of reporting person<br>**George L. Ball** | |
| 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>**208457.00** |
| 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>**208457.00** |
| 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>**208457.00** | Aggregate amount beneficially owned by each reporting person<br>**208457.00** | |
| 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>**3.95%** | Percent of class represented by amount in Row (11)<br>**3.95%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

| **CUSIP No.** | **87877Q109** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Darrell W. Cain** | Name of reporting person<br>**Darrell W. Cain** | |
| 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>**213100.00** |
| 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>**213100.00** |
| 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>**213100.00** | Aggregate amount beneficially owned by each reporting person<br>**213100.00** | |
| 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>**4.04%** | Percent of class represented by amount in Row (11)<br>**4.04%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

| **CUSIP No.** | **87877Q109** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Michelle Baird** | Name of reporting person<br>**Michelle Baird** | |
| 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>**67740.00** |
| 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>**67740.00** |
| 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>**67740.00** | Aggregate amount beneficially owned by each reporting person<br>**67740.00** | |
| 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>**1.27%** | Percent of class represented by amount in Row (11)<br>**1.27%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** * Includes options covering 25,000 shares of our common stock, all of which are vested.

| **CUSIP No.** | **87877Q109** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**The Bolt Family Irrevocable Trust** | Name of reporting person<br>**The Bolt Family Irrevocable Trust** | |
| 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>**TEXAS** | Citizenship or place of organization<br>**TEXAS** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**349417.00** |
| 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>**349417.00** |
| 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>**349417.00** | Aggregate amount beneficially owned by each reporting person<br>**349417.00** | |
| 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>**6.62%** | Percent of class represented by amount in Row (11)<br>**6.62%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

| **CUSIP No.** | **87877Q109** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**IF Holdings, LLC** | Name of reporting person<br>**IF Holdings, 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>**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>**TEXAS** | Citizenship or place of organization<br>**TEXAS** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**123030.00** |
| 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>**123030.00** |
| 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>**123030.00** | Aggregate amount beneficially owned by each reporting person<br>**123030.00** | |
| 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>**2.33%** | Percent of class represented by amount in Row (11)<br>**2.33%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Stock, par value $0.01 per share

**(b) Name of Issuer:**
Tectonic Financial, Inc.

**(c) Address of Issuer's Principal Executive Offices:**
Chief Executive Officer, 16200 Dallas Parkway, Suite 190, Dallas, TX, 75248

This Amendment No. 2 on Schedule 13D (the "Second Amendment") filed on behalf of the Reporting Persons (as defined below) relates to the common stock, par value $0.01 per share (the "Common Stock"), of Tectonic Financial, Inc., a Texas corporation and registered financial holding company (the "Issuer").  This Second Amendment amends and supplements the original Schedule 13D, which was filed with the Securities and Exchange Commission (the "SEC") on February 14, 2020 (the "Original Schedule 13D"), as amended by Amendment No. 1 to the Original Schedule 13D filed with the SEC on February 15, 2022 (the "First Amendment").  The principal executive offices of the Issuer are located at 16200 Dallas Parkway, Suite 190, Dallas, Texas 75248.  The Common Stock is not listed on any market or exchange, and it is not registered with the SEC.  The Common Stock is entitled to one vote per share.

Each Item below amends and supplements the information disclosed under the corresponding Item of the Original Schedule 13D, as amended by the First Amendment, as described below. Except as specifically provided herein, this Second Amendment does not modify any of the information previously reported in the Original Schedule 13D, as amended by the First Amendment. Unless otherwise indicated, all capitalized terms used, but not defined, herein shall have the same meanings as set forth in the Original Schedule 13D.  Information given in response to each Item shall be deemed incorporated by reference in all other Items, as applicable.

All beneficial ownership and voting percentage calculations in this Second Amendment with respect to the Common Stock are based on 5,280,986 shares of Common Stock outstanding as of January 6, 2026, with the exception of Mrs. Baird's whose is based on 5,305,986 shares of Common Stock and includes options covering an aggregate of 25,000 shares of Common Stock, which have vested and are exercisable within the next 60 days.  All beneficial ownership calculations contained in this Second Amendment have been made in accordance with Rule 13d-3 of the Securities Exchange Act of 1934, as amended.

**Item 4. Purpose of Transaction**

Item 4 is of the Original Schedule 13D, as amended by the First Amendment, is hereby amended and supplemented by adding the following:

We are filing this Second Amendment to report that Withdrawn Reporting Persons have left the Former Group and to update the holdings of certain other Reporting Persons as a result of the Separation and Distribution (defined below) and certain equity grants.

On January 5, 2026, the Issuer consummated the previously announced separation and distribution transactions in accordance with the Separation Agreement and Plan of Distribution (the "Separation Agreement"), dated as of December 19, 2025, by and among the Issuer, Tectonic Advisors, LLC, a Texas limited liability company and wholly-owned subsidiary of the Issuer ("Spinco"), and certain equity owners (the "TA Continuing Shareholders") of Cain Watters & Associates, LLC ("Cain Watters"), pursuant to which Spinco was separated from the Company and distributed to the TA Continuing Shareholders.

 Pursuant to the Separation Agreement, the Issuer separated the business, operations, assets, and liabilities of Spinco from the Issuer's organizational structure (the "Separation") and distributed 100% of the outstanding membership interests of Spinco to the TA Continuing Shareholders (the "Distribution").

 In connection with the Distribution, the Issuer received (i) 1,529,880 shares of Common Stock, representing approximately 22.31% of the fully diluted issued and outstanding shares of Common Stock as of the date of Distribution, and (ii) a promissory note issued by Spinco and payable to the Issuer in the amount of $35 million. Immediately following the Distribution, Spinco refinanced and paid the promissory note in full and the Issuer received $35 million in cash proceeds.

The foregoing description of the transactions contemplated by the Separation Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Separation Agreement, attached as Exhibit 2.1 to the Company's Current Report on Form 8-K filed on December 19, 2025, and incorporated by reference herein.

The Issuer continues to qualify as a "controlled company" under applicable Nasdaq Marketplace Rules. Under such rules, Nasdaq-listed issuers that qualify as controlled companies may avail themselves of certain corporate governance exemptions involving board and committee independent director requirements. Except for the previously filed Amended and Restated Right of First Refusal, the Reporting Persons do not have any arrangement, relationship, understanding or agreement among them for the purpose of holding or disposing of any of such Common Stock.

Other than in connection with the contracts, arrangements, understandings or relationships with respect to securities of the Issuer described in Item 6 below, there are no other plans or proposals that would result in the acquisition of additional securities or disposition of additional securities of the Issuer.

Except as described above in this Item 4, the Reporting Persons do not have, as of the date hereof, any other plans or proposals that relate to or would result in any of the actions or events specified in clauses (a) through (j) of Item 4 of Schedule 13D. Each of the Reporting Persons reserves the right, however, to formulate such plans or proposals, and to take such action with respect to any or all of such matters and any other matters as they may determine in their sole discretion.

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

**(a)**
Paragraphs (a) and (b) of Item 5 of the Original Schedule 13D, as amended by the First Amendment, are hereby amended and supplemented by adding the following:

(a), (b) The Reporting Persons may be deemed to beneficially own an aggregate of 3,062,744 shares of Common Stock, or 58.0% of the outstanding shares of Common Stock.  This amount includes shares beneficially owned as of the date hereof by each Reporting Person as set forth below.

(i) 2,101,000 shares, or 39.78% of the outstanding shares of Common Stock, by A. Haag Sherman, for which he has sole voting and dispositive power, including 1,719,000 shares of Common Stock as trustee of the Sherman Trust, 370,000 shares of Common Stock as the chief executive officer of the general partner of the Sherman LP and 12,000 shares of Common Stock held in an individual retirement account ("IRA") for his benefit;

(ii) 208,457 shares, or 3.95% of the outstanding shares of Common Stock, by George L. Ball, for which he has sole voting and dispositive power;

(iii) 213,100 shares, or 4.04% of the outstanding shares of Common Stock, by Darrell W. Cain, for which he has sole voting and dispositive power, including 10,000 shares of Common Stock held in an IRA for his benefit;

(iv) 67,740 shares, or 1.27% of the outstanding shares of Common Stock, by Michelle Baird, for which she has sole voting and dispositive power, including stock options covering 25,000 shares of Common Stock;

(v) 349,417 shares, or 6.62% of the outstanding shares of Common Stock, by the Bolt Trust, for which it has sole voting and dispositive power; and

(vi) 123,030 shares, or 2.33% of the outstanding shares of Common Stock, by IF Holdings, for which it has sole voting and dispositive power.

Except as described in this Second Amendment, no shares of Common Stock are beneficially owned by the Covered Persons in their individual capacity.

**(b)**
Paragraphs (a) and (b) of Item 5 of the Original Schedule 13D, as amended by the First Amendment, are hereby amended and supplemented by adding the following:

(a), (b) The Reporting Persons may be deemed to beneficially own an aggregate of 3,062,744 shares of Common Stock, or 58.0% of the outstanding shares of Common Stock.  This amount includes shares beneficially owned as of the date hereof by each Reporting Person as set forth below.

(i) 2,101,000 shares, or 39.78% of the outstanding shares of Common Stock, by A. Haag Sherman, for which he has sole voting and dispositive power, including 1,719,000 shares of Common Stock as trustee of the Sherman Trust, 370,000 shares of Common Stock as the chief executive officer of the general partner of the Sherman LP and 12,000 shares of Common Stock held in an individual retirement account ("IRA") for his benefit;

(ii) 208,457 shares, or 3.95% of the outstanding shares of Common Stock, by George L. Ball, for which he has sole voting and dispositive power;

(iii) 213,100 shares, or 4.04% of the outstanding shares of Common Stock, by Darrell W. Cain, for which he has sole voting and dispositive power, including 10,000 shares of Common Stock held in an IRA for his benefit;

(iv) 67,740 shares, or 1.27% of the outstanding shares of Common Stock, by Michelle Baird, for which she has sole voting and dispositive power, including stock options covering 25,000 shares of Common Stock;

(v) 349,417 shares, or 6.62% of the outstanding shares of Common Stock, by the Bolt Trust, for which it has sole voting and dispositive power; and

(vi) 123,030 shares, or 2.33% of the outstanding shares of Common Stock, by IF Holdings, for which it has sole voting and dispositive power.

Except as described in this Second Amendment, no shares of Common Stock are beneficially owned by the Covered Persons in their individual capacity.

**(c)**
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### 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:** A. Haag Sherman

**Signature:** /s/ A. Haag Sherman

**Name/Title:** A. Haag Sherman

**Date:** 01/07/2026

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:** Sherman Tectonic FLP LP

**Signature:** /s/ A. Haag Sherman

**Name/Title:** A. Haag Sherman/CEO of the general partner of Sherman Tectonic FLP LP

**Date:** 01/07/2026

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:** The Sherman 2018 Irrevocable Trust

**Signature:** /s/ A. Haag Sherman

**Name/Title:** A. Haag Sherman/ Trustee

**Date:** 01/07/2026

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:** George L. Ball

**Signature:** /s/ By A. Haag Sherman as Attorney-in-Fact for George L. Ball

**Name/Title:** George L. Ball

**Date:** 01/07/2026

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:** Darrell W. Cain

**Signature:** /s/ By A. Haag Sherman as Attorney-in-Fact for Darrell W. Cain

**Name/Title:** Darrell W. Cain

**Date:** 01/07/2026

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:** Michelle Baird

**Signature:** /s/ Michelle Baird

**Name/Title:** Michelle Baird

**Date:** 01/07/2026

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:** The Bolt Family Irrevocable Trust

**Signature:** /s/ By A. Haag Sherman as Attorney-in-Fact for Tracy A. Bolt

**Name/Title:** Tracy A. Bolt/Trustee

**Date:** 01/07/2026

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:** IF Holdings, LLC

**Signature:** /s/ By A. Haag Sherman as Attorney-in-Fact for Randall W. Woods

**Name/Title:** Randall W. Woods/Manager

**Date:** 01/07/2026