SCHEDULE: Presidio Property Trust: Heilbron Adjusts Beneficial Ownership

Jack Heilbron has amended his Schedule 13D filing to reflect changes in beneficial ownership of Presidio Property Trust, Inc. Series A Common Stock following an issuer exchange offer.

Summary

• This filing is an amendment (Amendment No. 3) to a previously filed Schedule 13D concerning Presidio Property Trust, Inc. Series A Common Stock.
• The amendment primarily updates information regarding the beneficial ownership of Jack Heilbron.
• On October 2, 2026, Jack Heilbron exchanged 18,163 shares of Series D Preferred Stock for 99,897 shares of common stock.
• This exchange did not involve any additional funds or consideration.
• As of October 6, 2026, the reporting person beneficially owns 337,379 shares of Class A Common Stock, representing 14.17% of the outstanding shares.
• This ownership includes shares held directly, by related entities (Puppy Toes, Inc., Centurion Counsel, Inc.), by his spouse, and by his grandchildren, as well as unvested stock.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a neutral to slightly negative filing due to the nature of the disclosure, which primarily concerns changes in beneficial ownership and stock exchanges rather than operational or financial performance.

Positives

• The exchange of preferred stock for common stock may simplify the capital structure.
• The reporting person's beneficial ownership percentage remains significant, indicating continued interest in the company.

Negatives

• The filing does not provide any new financial performance data or operational updates, focusing solely on ownership changes.
• The exchange of preferred stock for common stock could indicate a need for liquidity or a shift in the company's capital strategy that is not fully explained.

Risks

• Changes in beneficial ownership, especially significant ones, can sometimes precede further corporate actions or shifts in strategy that may impact shareholder value.
• The reliance on shares held by related entities and family members for a substantial portion of the beneficial ownership could present governance considerations.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding future performance or strategy.

Management Comments

• "This Amendment No. 3 (the ""Amendment"") amends and supplements the Schedule 13D filed by the Reporting Person on March 3, 2024, as amended on April 1, 2024 and May 8, 2026 (as amended and supplemented by this Amendment, the ""Schedule 13D"")."
• "Except as specifically provided herein, this Amendment does not modify any of the information previously reported on the Schedule 13D."
• "On October 2, 2026, Jack Heilbron, the reporting person, disposed of 18,163 shares of Series D Preferred Stock in exchange for 99,897 shares of common stock in an issuer exchange offer."
• "There was no consideration used in making the disposition of the Series D Preferred Stock or in making the acquisition of the common stock."
• "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."

Industry Context

StockSavvy.ai notes that Schedule 13D filings are common for significant beneficial owners of public companies and are used to disclose holdings and intentions. This particular amendment focuses on a stock-for-stock exchange, which is a typical corporate action that requires such disclosures.

Related Party Transactions

• Jack Heilbron, the reporting person, exchanged 18,163 shares of Series D Preferred Stock for 99,897 shares of common stock in an issuer exchange offer.

Stakeholder Impact

• Shareholders: Changes in beneficial ownership can signal shifts in control or strategic direction, potentially impacting share price and future company performance.
• Management: The filing confirms the holdings of a significant shareholder, which is relevant for corporate governance discussions.

Next Steps

• Continue to monitor future Schedule 13D filings for any further changes in beneficial ownership or stated intentions by Jack Heilbron.
• Observe any subsequent corporate actions or financial disclosures by Presidio Property Trust, Inc.

Key Dates

Keywords

Presidio Property Trust, Schedule 13D, Beneficial Ownership, Common Stock, Preferred Stock, Exchange Offer, Securities Exchange Act