SCHEDULE: AppTech Payments Corp. Independent Director Albert L. Lord Discloses 8.5% Stake

AppTech Payments Corp. Independent Director Albert L. Lord has disclosed a beneficial ownership of 8.5% of the company's common stock, acquired through personal funds and family trusts for investment purposes.

Summary

• Albert L. Lord, an Independent Director of AppTech Payments Corp., beneficially owns an aggregate of 2,838,694 shares of Common Stock, representing approximately 8.5% of the Issuer's outstanding Common Stock.
• The shares were acquired for investment purposes using a combination of personal funds, assets of The Albert L. Lord Jr. Revocable Trust, The Suzanne D. Lord Revocable Trust, The Albert L. Lord, Jr. 2025 Spousal Estate Reduction Trust, and the Starfish Fund, LLC.
• No part of the purchase price for these securities was financed through borrowings or other forms of indebtedness.
• The total investment for the acquired shares by the trusts and fund controlled by Mr. Lord was $2,650,670.
• Beneficial ownership includes 538,694 shares jointly held by the two revocable trusts, 1,300,000 shares held by the Spousal Estate Reduction Trust, and 1,000,000 shares held by Starfish Fund, Inc.
• Lord holds sole voting and dispositive power over 2,838,694 shares and shared voting and dispositive power over 1,838,694 shares.
• The filing acknowledges that beneficial ownership exceeded 5% on or about February 4, 2025, but the Schedule 13D was not filed at that time.

Sentiment

Score: 7

Explanation: The significant investment by an independent director, funded without debt, indicates strong confidence in the company. However, the delay in filing the Schedule 13D is a minor negative.

Positives

• A significant investment by an Independent Director, Albert L. Lord, indicates strong confidence in AppTech Payments Corp.'s future prospects.
• The acquisitions were made using personal funds and family trusts, with no debt financing, suggesting a robust financial position of the investor and a long-term commitment.
• The investor's substantial stake of 8.5% aligns their interests closely with those of other shareholders.

Negatives

• The Schedule 13D filing was delayed, as beneficial ownership exceeded 5% on February 4, 2025, but the filing was made on July 3, 2025, well beyond the 10-day requirement.

Risks

• The Reporting Person holds 5,750,000 immediately exercisable warrants, but their exercise is prohibited if it would cause beneficial ownership to exceed 4.99% of outstanding shares due to a Beneficial Ownership Limitation (BOL).
• While the BOL can be increased to 9.99% upon notice to the Issuer, the increase does not take effect until 61 days after the notice is delivered, limiting immediate flexibility for warrant exercise.

Future Outlook

The Reporting Person acquired the securities for investment purposes and reserves the right to develop future plans, including acquiring additional securities, disposing of some or all of the beneficially owned securities, or otherwise changing their investment intentions regarding the Issuer.

Management Comments

• Acquired the securities of the Issuer for investment purposes.

Industry Context

This filing indicates a significant insider stake in a payments technology company, which could be viewed positively by the market as a vote of confidence in the sector or the specific company's strategy within the fintech space.

Related Party Transactions

• The Albert L. Lord Jr. Revocable Trust and The Suzanne D. Lord Revocable Trust, where Albert L. Lord is a co-trustee with his spouse, jointly acquired 538,694 shares.
• The Albert L. Lord, Jr. 2025 Spousal Estate Reduction Trust, where Suzanne D. Lord (spouse) is the sole trustee but Albert L. Lord retains de facto authority, acquired 1,300,000 shares.
• Starfish Fund, Inc., where Albert L. Lord is President and his family members are directors, acquired 1,000,000 shares.

Stakeholder Impact

• Shareholders: The significant insider stake could be seen as a positive signal, aligning the interests of a key director with those of other shareholders.
• Company: Increased insider ownership may provide stability and strategic alignment, potentially influencing corporate decisions.

Next Steps

• The Reporting Person may acquire additional securities of the Issuer.
• The Reporting Person may dispose of some or all of the securities beneficially owned.
• The Reporting Person may change their investment intentions or formulate new plans with respect to the Issuer or its securities.
• The Reporting Person has the option to increase the Beneficial Ownership Limitation on warrants to 9.99% upon notice to the Issuer, which would take effect 61 days after notice is delivered.

Key Dates

Recommendation

Keywords

AppTech Payments Corp., Albert L. Lord, Schedule 13D, beneficial ownership, common stock, insider buying, investment, corporate governance, SEC filing, ATPS