SCHEDULE: Honig Group Discloses 5.6% Stake in Coda Octopus

Jonathan Honig and related entities have reported a beneficial ownership of 5.6% in Coda Octopus Group, Inc. common stock.

Summary

• Jonathan Honig and a group of related entities beneficially own 629,921 shares of CODA OCTOPUS GROUP, INC. common stock.
• This represents 5.59986% of the company's outstanding common shares, based on 11,248,867 shares as of September 15, 2025.
• The ownership is distributed across Jonathan Honig individually (386,900 shares), Jonathan Honig as UTMA custodian for Jett Honig (2,000 shares), Titan Multi-Strategy Fund I, Ltd. (18,600 shares), Elizabeth Honig TR FBO Elizabeth Honig Lifetime Trust UA July 9, 2013 (197,808 shares), and Elizabeth Honig as UTMA custodian for Jett Honig (8,547 shares), Morgan Honig (7,886 shares), and Skylar Honig (8,180 shares).
• The reporting group shares voting and dispositive power over the aggregate shares.
• The securities were not acquired for the purpose of changing or influencing control of the issuer, nor in connection with any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.

Sentiment

Score: 6

Explanation: The filing is a routine disclosure of beneficial ownership, indicating a significant stake by a related group. While not directly impacting company operations, a substantial ownership position by a family group can be viewed as a long-term commitment, which is generally a neutral to slightly positive signal for investors.

Positives

• A significant beneficial ownership stake by a group of related parties, indicating a vested interest in the company's performance.
• The filing explicitly states the shares were not acquired for the purpose of changing or influencing control, which may alleviate concerns about activist investor intentions.

Risks

• Concentrated ownership by a single family group could potentially influence corporate decisions, even if control is disclaimed.
• Potential for future disagreements within the beneficial ownership group regarding the company's direction.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of beneficial ownership and does not provide specific industry context or trends for CODA OCTOPUS GROUP, INC. It primarily reflects an individual and related entities' investment position.

Related Party Transactions

• Jonathan Honig is the President of Titan Multi-Strategy Fund, Inc., the general partner of Titan Multi-Strategy Fund I, Ltd., which holds 18,600 shares.
• Jonathan Honig is the husband of Elizabeth Honig.
• Elizabeth Honig is the sole trustee and beneficial owner of the Elizabeth Honig TR FBO Elizabeth Honig Lifetime Trust UA July 9, 2013, which holds 197,808 shares.
• Jonathan Honig and Elizabeth Honig are the parents of Jett Honig, Morgan Honig, and Skylar Honig, for whom they hold shares as UTMA custodians.
• Jonathan Honig and Elizabeth Honig share voting and dispositive power over the Elizabeth Honig TR FBO Elizabeth Honig Lifetime Trust UA July 9, 2013, though Jonathan Honig disclaims beneficial ownership of those specific shares.

Stakeholder Impact

• Shareholders: The disclosure of a significant beneficial ownership stake by a related group provides transparency regarding the company's ownership structure. It indicates a substantial, long-term interest by this group, which could be seen as a vote of confidence.
• Management: Awareness of a significant ownership group may influence strategic decisions, even with the disclaimer of intent to control.

Key Dates

Recommendation

This is a routine Schedule 13G filing disclosing a significant beneficial ownership stake by a related group. It does not contain operational or financial performance data that would warrant a 'buy' or 'sell' recommendation. The substantial stake by the Honig family and associated entities suggests a long-term interest in the company, which is a neutral to slightly positive signal. Without further information on the company's fundamentals or market conditions, a 'hold' recommendation is appropriate, acknowledging the transparency of the ownership structure.

Keywords

CODA OCTOPUS GROUP, 13G filing, beneficial ownership, Jonathan Honig, Elizabeth Honig, Titan Multi-Strategy Fund, common stock, shareholder stake, SEC filing, investment