SCHEDULE: Z Squared Inc. Shareholder Completes Distribution

BSG Series CM, LLC has completed a pro rata distribution of all its Z Squared Inc. common stock to its members, terminating its reporting obligation.

Summary

• BSG Series CM, LLC, previously a holder of Z Squared Inc. common stock, has completed a pro rata distribution of all 41,521,276 shares it held to its members on April 30, 2026.
• This distribution was made in accordance with the members' respective percentage interests in BSG Series CM, LLC.
• No consideration was exchanged for this distribution.
• Following the distribution, BSG Series CM, LLC no longer beneficially owns any shares of Z Squared Inc. common stock and has no investment intent regarding the stock.
• Consequently, BSG Series CM, LLC's obligation to file reports under Section 13(d) of the Securities Exchange Act of 1934 has terminated, and this filing serves as the final report.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it primarily reports a change in beneficial ownership and termination of reporting obligations rather than new strategic initiatives or financial performance.

Positives

• Completion of a significant share distribution by BSG Series CM, LLC.
• Termination of reporting obligations for BSG Series CM, LLC, indicating a divestment.
• Clear separation of ownership from Z Squared Inc. common stock by BSG Series CM, LLC.

Negatives

• The filing indicates a complete divestment by a significant former shareholder, which could be interpreted negatively if the shareholder was seen as a supportive entity.

Future Outlook

Following the distribution, BSG Series CM, LLC has no further investment intent with respect to the Common Stock of Z Squared Inc. and no longer beneficially owns any shares.

Industry Context

StockSavvy.ai notes that Schedule 13D filings are typically made by entities that acquire beneficial ownership of more than 5% of a class of a company's registered equity securities. The termination of such a filing, as seen here, usually signifies a reduction in ownership below this threshold or a complete divestment, which can impact market perception of the stock's ownership structure.

Stakeholder Impact

• Shareholders of Z Squared Inc.: The distribution by BSG Series CM, LLC may alter the ownership landscape and potentially the trading dynamics of the company's stock.

Next Steps

• Termination of BSG Series CM, LLC's reporting obligation under Section 13(d) of the Securities Exchange Act of 1934.

Key Dates

Keywords

Schedule 13D, Z Squared Inc., BSG Series CM, LLC, Share Distribution, Beneficial Ownership, SEC Filing, Common Stock, Securities Exchange Act