# EDGAR Filing Document

**Accession Number:** 0001399386
**File Stem:** 0000921895-26-000050
**Filing Date:** 2026-1
**Character Count:** 16703
**Document Hash:** 779d34d89c8ddda8721c9e847d0324ab
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000921895-26-000050.hdr.sgml**: 20260107

**ACCESSION NUMBER**: 0000921895-26-000050

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

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20260107

**DATE AS OF CHANGE**: 20260107

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JOINT Corp
- **CENTRAL INDEX KEY:** 0001612630
- **STANDARD INDUSTRIAL CLASSIFICATION:** PATENT OWNERS & LESSORS [6794]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 900544160
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-88412
- **FILM NUMBER:** 26516853

**BUSINESS ADDRESS:**
- **STREET 1:** 16767 N PERIMETER DRIVE
- **STREET 2:** SUITE 110
- **CITY:** SCOTTSDALE
- **STATE:** AZ
- **ZIP:** 85260
- **BUSINESS PHONE:** 480 245 5960

**MAIL ADDRESS:**
- **STREET 1:** 16767 N PERIMETER DRIVE
- **STREET 2:** SUITE 110
- **CITY:** SCOTTSDALE
- **STATE:** AZ
- **ZIP:** 85260
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Bandera Partners LLC
- **CENTRAL INDEX KEY:** 0001399386

**ORGANIZATION NAME:**
- **EIN:** 205269850
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** 138 ATLANTIC AVENUE
- **CITY:** BROOKLYN
- **STATE:** NY
- **ZIP:** 11201
- **BUSINESS PHONE:** 2122324582

**MAIL ADDRESS:**
- **STREET 1:** 138 ATLANTIC AVENUE
- **CITY:** BROOKLYN
- **STATE:** NY
- **ZIP:** 11201

## Exhibit 99.1

Exhibit 99.1

![](image_001.jpg)

January 5, 2026

Bandera Partners LLC

138 Atlantic Avenue

Brooklyn, New York 11201

Attention: Jefferson Gramm

Dear Mr. Gramm:

This letter agreement (this "**Agreement**") effective as of December 19, 2025 (the "Effective Date"), constitutes the agreement between The Joint Corp. (the "**Company**") on the one hand, and Bandera Partners LLC and Jefferson Gramm on the other hand (Bandera Partners LLC and its affiliates together with Jefferson Gramm collectively referred to herein as, "**Bandera**"), with respect to the matters set forth below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Board Matters</u>. The Company irrevocably agrees to (A) nominate Jefferson Gramm (the "**Bandera Director**") for election to the Board of Directors of the Company (the "**Board**") at the Company's 2026 Annual Meeting of Stockholders (the "**2026 Annual Meeting**") and (B) recommend that the Company's stockholders vote in favor of the election of the Bandera Director at the 2026 Annual Meeting in a manner no less rigorous and favorable than the manner in which the Company supports its other nominees in connection with the 2026 Annual Meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>No Purchases</u>. Until the Termination Date (as defined below), Bandera agrees not to purchase or otherwise acquire beneficial ownership of securities of the Company in excess of the 3,937,296 shares of common stock of the Company beneficially owned by Bandera as of the date hereof; *provided*, *however*, it is understood and agreed that any securities acquired pursuant to or underlying any award or grant from the Company with respect to the Bandera Director's service as a director of the Company shall be excluded from such restriction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Termination</u>. Unless otherwise mutually agreed to in writing by each of Bandera and the Company, this Agreement shall remain in effect until the date that is the earlier to occur of (i) thirty (30) days prior to the deadline for delivery of notice under the Fourth Amended and Restated Bylaws of the Company for the nomination of director candidates for election to the Board at the Company's 2027 Annual Meeting of Stockholders (the "**2027 Annual Meeting**") or (ii) January 21, 2027 (such date, the "**Termination Date**"), it being understood that the Company shall be required to give sufficient advance notice to Bandera in the event the Company determines to advance or delay the 2027 Annual Meeting, so that Bandera will continue to have no less than thirty (30) days to nominate at such meeting.

The Joint Corp. \| 16767 N. Perimeter Dr. Suite 110 \| Scottsdale, AZ 85260 \| (480) 245-5960 \| thejoint.com

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Governing Law</u>. This Agreement, and any disputes arising out of or related to this Agreement (whether for breach of contract, tortious conduct or otherwise), shall be governed by, and construed in accordance with, the laws of the State of Delaware, without giving effect to its conflict of laws principles.

If the terms of this Agreement are in accordance with your understanding, please sign below, whereupon this Agreement shall constitute a binding agreement among us as of the Effective Date. An executed copy of this Agreement may be transmitted by email and the transmission of a signature by such means constitutes effective delivery.

[*signature page follows*]

The Joint Corp. \| 16767 N. Perimeter Dr. Suite 110 \| Scottsdale, AZ 85260 \| (480) 245-5960 \| thejoint.com

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Yours truly, |  |  |  |
|  | &nbsp;&nbsp;**THE JOINT CORP.** | &nbsp;&nbsp;**THE JOINT CORP.** | &nbsp;&nbsp;**THE JOINT CORP.** |
|  | &nbsp;&nbsp;By: | &nbsp;&nbsp; /s/ Matthew Rubel | &nbsp;&nbsp; /s/ Matthew Rubel |
|  |  | &nbsp;&nbsp;Name: | &nbsp;&nbsp;Matthew Rubel |
|  |  | &nbsp;&nbsp;Title: | &nbsp;&nbsp;Lead Director |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**AGREED and ACCEPTED** as of this 5th day of January 2026. | &nbsp;&nbsp;**AGREED and ACCEPTED** as of this 5th day of January 2026. | &nbsp;&nbsp;**AGREED and ACCEPTED** as of this 5th day of January 2026. |
| &nbsp;&nbsp;**BANDERA PARTNERS LLC** | &nbsp;&nbsp;**BANDERA PARTNERS LLC** | &nbsp;&nbsp;**BANDERA PARTNERS LLC** |
| &nbsp;&nbsp;By: | &nbsp;&nbsp; /s/ Jefferson Gramm | &nbsp;&nbsp; /s/ Jefferson Gramm |
|  | &nbsp;&nbsp;Name: | &nbsp;&nbsp;Jefferson Gramm |
|  | &nbsp;&nbsp;Title: | &nbsp;&nbsp;Managing Member |
| &nbsp;&nbsp;By: | &nbsp;&nbsp; /s/ Jefferson Gramm | &nbsp;&nbsp; /s/ Jefferson Gramm |
|  | &nbsp;&nbsp;Name: | &nbsp;&nbsp;Jefferson Gramm, individually |

---

The Joint Corp. \| 16767 N. Perimeter Dr. Suite 110 \| Scottsdale, AZ 85260 \| (480) 245-5960 \| thejoint.com

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

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 5)**

**JOINT Corp**

*(Name of Issuer)*

**Common Stock, $0.001 par value**

*(Title of Class of Securities)*

**47973J102**

*(CUSIP Number)*

**JEFFERSON GRAMM**<br>BANDERA PARTNERS LLC<br>138 Atlantic Avenue<br>Brooklyn NY 11201<br>212-232-4583

*(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.** | **47973J102** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Bandera Partners LLC** | Name of reporting person<br>**Bandera Partners 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>**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>**3937296.00** |
| 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>**3937296.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**3937296.00** | Aggregate amount beneficially owned by each reporting person<br>**3937296.00** | |
| 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>**26.5%** | Percent of class represented by amount in Row (11)<br>**26.5%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

| **CUSIP No.** | **47973J102** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Bylinsky Gregory** | Name of reporting person<br>**Bylinsky Gregory** | |
| 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>**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>**3937296.00** |
| 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>**3937296.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**3937296.00** | Aggregate amount beneficially owned by each reporting person<br>**3937296.00** | |
| 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>**26.5%** | Percent of class represented by amount in Row (11)<br>**26.5%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

| **CUSIP No.** | **47973J102** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Gramm Jefferson** | Name of reporting person<br>**Gramm Jefferson** | |
| 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>**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>**3937296.00** |
| 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>**3937296.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**3937296.00** | Aggregate amount beneficially owned by each reporting person<br>**3937296.00** | |
| 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>**26.5%** | Percent of class represented by amount in Row (11)<br>**26.5%** | |
| 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, $0.001 par value

**(b) Name of Issuer:**
JOINT Corp

**(c) Address of Issuer's Principal Executive Offices:**
16767 N PERIMETER DRIVE, SUITE 110, SCOTTSDALE, AZ, 85260

**Item 4. Purpose of Transaction**

Item 4 is hereby amended to add the following:

On January 5, 2026, Bandera Partners and certain of its affiliates (collectively, "Bandera") entered into a Letter Agreement (the "Letter Agreement") with the Issuer pursuant to which the Issuer agreed, among other things, to nominate Jefferson Gramm for election to the Board of Directors of the Issuer (the "Board") at the Issuer's 2026 annual meeting of stockholders and recommend that the Issuer's stockholders vote in favor of his election.

Pursuant to the Letter Agreement, until the Termination Date (as defined below), Bandera agreed not to purchase or otherwise acquire securities of the Issuer in excess of the 3,937,296 Shares currently beneficially owned by Bandera, excluding awards or grants received from the Issuer in connection with Mr. Gramm's service as a director. The Letter Agreement shall remain in effect until the earlier of (i) 30 days prior to the deadline for delivery of notice for the nomination of director candidates for election to the Board at the Issuer's 2027 annual meeting of stockholders or (ii) January 21, 2027 (such date, the "Termination Date").

The foregoing description of the Letter Agreement does not purport to be complete and is qualified in its entirety by reference to the Letter Agreement, which is attached as Exhibit 99.1 hereto and is incorporated herein by reference.

**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 14,866,192 Shares outstanding as of November 3, 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 November 7, 2025.

As of the date hereof, Bandera Partners and Messrs. Bylinsky and Gramm may be deemed to beneficially own the 3,937,296 Shares, constituting approximately 26.5% of the Shares outstanding, held by Bandera Master Fund.

**(b)**
—

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

No Reporting Person has entered into any transactions in the securities of the Issuer during the past 60 days.

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

Item 6 is hereby amended to add the following:

On January 5, 2026, Bandera and the Issuer entered into the Letter Agreement as defined and described in Item 4 above and attached as Exhibit 99.1 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:** Bandera Partners LLC

**Signature:** /s/ Jefferson Gramm

**Name/Title:** Jefferson Gramm, Managing Member

**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:** Bylinsky Gregory

**Signature:** /s/ Gregory Bylinsky

**Name/Title:** Gregory Bylinsky

**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:** Gramm Jefferson

**Signature:** /s/ Jefferson Gramm

**Name/Title:** Jefferson Gramm

**Date:** 01/07/2026