SCHEDULE: Alvin McCoy III Exits Cycurion 5% Stake
Beneficial Ownership Amendment
Alvin McCoy III has filed a final amendment to his Schedule 13D, indicating he no longer beneficially owns more than 5% of Cycurion, Inc. due to an increase in outstanding shares.
Summary
- Alvin McCoy III filed an Amendment No. 1 to his Schedule 13D, serving as a final amendment and exit filing for his beneficial ownership in Cycurion, Inc.
- As of November 26, 2025, Mr. McCoy ceased to be the beneficial owner of more than five percent of Cycurion, Inc.'s common stock due to an increase in the total number of outstanding shares.
- Mr. McCoy beneficially owns 163,635 shares of common stock, representing approximately 4.5% of the outstanding shares, based on 3,608,277 shares outstanding as of December 22, 2025.
- Key events affecting his ownership include a 1-for-30 reverse stock split on October 27, 2025.
- On August 4, 2025, Mr. McCoy received 100,000 shares under the Issuer's 2025 Equity Incentive Plan.
- His initial investment in October 2017 was approximately $600 in Cycurion, Inc. common stock.
- Following the Business Combination completed on February 14, 2025, his initial shares were exchanged for 40,853 shares of the post-combination Issuer.
- Additionally, after the Business Combination, Mr. McCoy received 22,782 shares of common stock, representing approximately $330,000 in deferred compensation.
Sentiment
Score: 5
Explanation: The filing is an administrative update regarding a change in beneficial ownership percentage, not directly reflecting positive or negative operational performance or strategic shifts for the company.
Positives
- The company completed a business combination on February 14, 2025, which restructured its corporate entity and operations.
- Cycurion, Inc. issued 100,000 shares under its 2025 Equity Incentive Plan, indicating ongoing employee motivation and retention strategies.
Negatives
- Alvin McCoy III's percentage of beneficial ownership in Cycurion, Inc. decreased below 5% due to an increase in the total number of outstanding shares, reducing his relative influence.
Future Outlook
This filing primarily details historical ownership changes and does not provide forward-looking statements or guidance regarding Cycurion, Inc.'s future operations or financial performance.
Industry Context
This filing is an administrative update regarding an individual's beneficial ownership and does not provide information on broader industry trends or competitive landscape.
Related Party Transactions
- Alvin McCoy III received 22,782 shares of common stock, representing approximately $330,000 in deferred compensation, following the Business Combination. This could be considered a related party transaction if Mr. McCoy is an insider or executive.
Stakeholder Impact
- Shareholders: The increase in outstanding shares, which led to the dilution of Mr. McCoy's percentage ownership, affects the overall share structure. The reverse stock split also impacted the number of shares held by all shareholders.
- Alvin McCoy III: His beneficial ownership percentage has decreased below the 5% threshold, reducing his reporting obligations and potentially his influence as a significant shareholder.
Key Dates
| Date | Description |
|---|---|
| October 2017 | Alvin McCoy III purchased approximately $600 in shares of common stock of Cycurion, Inc. (pre-Business Combination). |
| November 11, 2022 | Date of the original Agreement and Plan of Merger for the Business Combination. |
| February 13, 2025 | Date of the latest amendment to the Merger Agreement. |
| February 14, 2025 | Completion of the Business Combination and transaction, where Western Acquisition Ventures Corp. was renamed Cycurion, Inc. |
| April 26, 2024 | Date of an amendment to the Merger Agreement. |
| August 4, 2025 | Alvin McCoy III received 100,000 shares of common stock under Cycurion, Inc.'s 2025 Equity Incentive Plan. |
| August 29, 2025 | Original Schedule 13D filed with the U.S. Securities and Exchange Commission. |
| October 27, 2025 | Cycurion, Inc. effected a 1-for-30 reverse stock split. |
| November 26, 2025 | Alvin McCoy III ceased to be the beneficial owner of more than five percent of Cycurion, Inc.'s common stock. |
| December 22, 2025 | Date as of which 3,608,277 shares of Common Stock were outstanding, as reported in the Issuer's Registration Statement on Form S-1. |
| December 31, 2024 | Date of an amendment to the Merger Agreement. |
| December 29, 2025 | Signature date of the Amendment No. 1 to Schedule 13D. |
Keywords
Cycurion Inc., Alvin McCoy III, Schedule 13D, Beneficial Ownership, Reverse Stock Split, Equity Incentive Plan, Business Combination, SEC Filing
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