Form 4: QT Imaging Holdings: Avi Katz and GigAcquisitions5, LLC Report Changes in Beneficial Ownership

Avi Katz, Chairman and Director of QT Imaging Holdings, and GigAcquisitions5, LLC, report a distribution of shares resulting in GigAcquisitions5, LLC no longer being a 10% owner.

Summary

• On September 4, 2024, Avi Katz and GigAcquisitions5, LLC reported changes in beneficial ownership of QT Imaging Holdings, Inc. common stock.
• GigAcquisitions5, LLC distributed 5,735,000 shares of common stock to its direct and indirect members.
• Following the distribution, GigAcquisitions5, LLC is no longer a 10% owner of QT Imaging Holdings and is no longer subject to Section 16 reporting requirements.
• Avi Katz directly owns 187,070 shares of common stock.
• Avi Katz also indirectly owns shares through GigAcquisitions5, LLC, for which he serves as the Manager with sole voting and dispositive power.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing changes in share ownership. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency regarding the ownership positions of company insiders.

Stakeholder Impact

• The distribution of shares may have a minor impact on shareholders due to the change in ownership structure.

Key Dates

Keywords

Beneficial Ownership, QT Imaging Holdings, GigAcquisitions5, LLC, Avi Katz, Form 4, Share Distribution, Section 16