SCHEDULE: AGNT, INC. Trustee Change Filing

AGNT, INC. files Schedule 13D Amendment No. 2 to report a change in the trustee of the Gratitude 2022 Trust, with Frank Selden succeeding Penny Sanford.

Summary

• This filing is an amendment to a Schedule 13D, specifically Amendment No. 2.
• The amendment reflects a change in the trustee of the Gratitude 2022 Trust.
• Effective September 3, 2026, Frank Selden has been appointed as the new trustee, succeeding Penny Sanford.
• Penny Sanford is deceased, and Frank Selden was previously appointed as the successor trustee.
• This filing formalizes the change in record ownership of 26,731,114 shares of AGNT, INC. Common Stock held by the Trust.
• As a result of this change, Penny Sanford is now reported as beneficially owning zero shares of AGNT, INC. Common Stock.

Sentiment

Score: 2

Explanation: StockSavvy.ai views this as a neutral to slightly negative filing due to its administrative nature and the absence of new financial or strategic information, primarily reflecting a change in trustee.

Positives

• The change in trustee has been formally documented and filed with the SEC, ensuring transparency.
• The transition of trustee responsibilities appears to be orderly, with a successor already appointed.

Negatives

• The filing does not contain any new financial performance data or strategic updates for AGNT, INC.
• The primary purpose of the filing is administrative, reflecting a change in beneficial ownership due to a trustee transition, rather than a new investment or change in control.

Risks

• While not explicitly stated as a risk in this filing, any administrative change in a significant trust holding could potentially lead to unforeseen operational adjustments.
• The absence of new information could be interpreted as a lack of recent developments or strategic shifts by the Trust concerning its AGNT, INC. holdings.

Future Outlook

This filing does not contain any forward-looking statements or guidance related to AGNT, INC.'s business operations or financial performance. It solely addresses an administrative change in trust management.

Management Comments

• "This Amendment No. 2 is being filed to reflect that, effective September 3, 2026, record ownership of the 26,731,114 shares of Common Stock held by the Gratitude 2022 Trust (the ""Trust"") was updated to Frank Selden to reflect the change in the trustee of the Trust from Penny Sanford to Frank Selden."
• "As previously reported in Amendment No. 1 to this Schedule 13D, filed February 19, 2026, Ms. Sanford is deceased and Mr. Selden was appointed successor Trustee of the Trust following her death; this Amendment No. 2 reflects the completion of the corresponding change in the record holder of the Trust's shares."
• "Accordingly, Ms. Sanford is reported herein as beneficially owning zero shares of Common Stock, with sole and shared voting and dispositive power each reduced to 0.00 and the percent of class in Row 13 reduced to 0%."
• "Shares of Common Stock beneficially owned by the Trust are reported by the Trust on a separate Schedule 13D filed by Mr. Selden and the Trust."

Industry Context

StockSavvy.ai notes that Schedule 13D filings are typically made by entities or individuals who acquire beneficial ownership of more than 5% of a company's voting stock. Amendments are filed to report material changes. This particular amendment is administrative, reflecting a change in the fiduciary responsible for managing a significant block of shares, rather than a change in the underlying beneficial interest or investment strategy.

Management Changes

Stakeholder Impact

• Shareholders: No immediate impact is expected as this is an administrative change in trust management. The underlying beneficial ownership remains with the trust.
• Trust Beneficiaries: The change ensures continuity in the management of the trust's assets, including the AGNT, INC. shares.
• Creditors/Suppliers: No direct impact is anticipated from this trustee change.

Next Steps

• The Gratitude 2022 Trust, under the new trusteeship of Frank Selden, will continue to report its beneficial ownership of AGNT, INC. shares on a separate Schedule 13D.
• AGNT, INC. will continue its business operations as disclosed in its other filings.

Key Dates

Keywords

Schedule 13D, Trustee Change, Beneficial Ownership, Gratitude 2022 Trust, AGNT, INC., Successor Trustee, Record Ownership