Form 4: RMCF Interim CEO Geygan Boosts Indirect Stock Holdings

Rocky Mountain Chocolate Factory's Interim CEO, Jeffrey R. Geygan, reported an indirect purchase of 8,935 shares and a disposition of 3,690 shares through Global Value Investment Corporation.

Summary

• Jeffrey R. Geygan, who serves as Director, 10% Owner, and Interim CEO of Rocky Mountain Chocolate Factory, Inc. (RMCF), reported changes in his beneficial ownership.
• On November 4, 2025, Geygan indirectly acquired 8,935 shares of Common Stock at a weighted average price of $1.6389 per share.
• Also on November 4, 2025, Geygan indirectly disposed of 3,690 shares of Common Stock.
• The disposition of shares was due to the termination of separately managed accounts with Global Value Investment Corporation (GVIC), an entity controlled by Geygan.
• Following these transactions, Geygan indirectly beneficially owns 1,788,093 shares through GVIC and directly owns 185,041 shares of Common Stock.
• The reported price for the acquisition is a weighted average, and Geygan undertakes to provide full information on shares purchased at each separate price upon request.

Sentiment

Score: 7

Explanation: The net increase in indirect beneficial ownership by a key insider (Interim CEO, Director, 10% Owner) suggests a positive outlook from management. The disposition was explained as an account termination, not a direct sale for personal reasons, mitigating potential negative sentiment.

Positives

• Interim CEO Jeffrey R. Geygan made a net acquisition of 5,245 shares (8,935 acquired 3,690 disposed) of Rocky Mountain Chocolate Factory Common Stock, signaling confidence in the company.
• The acquisition was made at a price of $1.6389 per share, indicating a specific valuation point for the insider's investment.

Negatives

• A disposition of 3,690 shares occurred, although it was attributed to the termination of separately managed accounts with Global Value Investment Corporation, rather than a direct sale by the insider for personal reasons.

Management Comments

• The reporting person disclaims beneficial ownership in the securities except to the extent of his pecuniary interest, if any, and this report shall not be deemed to be an admission that the reporting person is the beneficial owner of such securities for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
• As of November 4, 2025, certain separately managed accounts terminated their relationship with, and are no longer advised by, GVIC. The positions held in such accounts are therefore no longer included herein.

Industry Context

This filing is an insider transaction report and does not provide broader industry context. However, insider buying can be interpreted by the market as a signal of management's confidence in the company's future performance relative to its industry peers.

Related Party Transactions

• The reported transactions involve shares held indirectly by Global Value Investment Corporation (GVIC), which is controlled by the reporting person, Jeffrey R. Geygan. This constitutes a related party transaction.

Stakeholder Impact

• Shareholders may view the net insider buying by the Interim CEO as a positive signal of management's confidence in the company's valuation and future prospects.
• The transparency of these transactions, as required by SEC regulations, provides investors with insights into insider activity.

Key Dates

Keywords

RMCF, Rocky Mountain Chocolate Factory, Jeffrey R. Geygan, Insider Trading, Stock Purchase, Beneficial Ownership, CEO, Director, 10% Owner, Global Value Investment Corporation