Keith Kosow Holds 9.9% Stake in AudioEye (AEYE)
Ticker: AEYE · Form: SC 13G/A · Filed: Jan 12, 2024 · CIK: 1362190
| Field | Detail |
|---|---|
| Company | Audioeye Inc (AEYE) |
| Form Type | SC 13G/A |
| Filed Date | Jan 12, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 4 min |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: insider-ownership, shareholder-update, institutional-holding
TL;DR
**Keith Kosow still owns 9.9% of AudioEye, signaling continued conviction.**
AI Summary
Keith Kosow, a significant investor, has updated his holdings in AudioEye, Inc. (AEYE) as of December 31, 2023, through an SC 13G/A filing. He beneficially owns 867,800 shares, representing 9.9% of the company's common stock, maintaining sole voting and dispositive power over these shares. This filing indicates a continued substantial stake by Kosow, which could signal his ongoing confidence in the company's future, potentially reassuring current and prospective investors about the stock's stability.
Why It Matters
This filing shows a major investor, Keith Kosow, continues to hold a significant portion of AudioEye, Inc., which can be a positive signal of long-term confidence in the company's performance and strategy.
Risk Assessment
Risk Level: low — This filing indicates a stable, significant ownership stake by an individual investor, which generally reduces uncertainty rather than increasing risk.
Analyst Insight
A smart investor would view Keith Kosow's continued significant stake as a potential vote of confidence, suggesting stability and possibly further engagement, and might consider this when evaluating AEYE's long-term prospects.
Key Numbers
- 867,800 shares — Shares Beneficially Owned (Keith Kosow's total beneficial ownership in AudioEye, Inc. as of December 31, 2023)
- 9.9% — Percent of Class (The percentage of AudioEye's common stock beneficially owned by Keith Kosow)
- December 31, 2023 — Date of Event (The date that triggered the requirement for this Schedule 13G/A filing)
Key Players & Entities
- Keith Kosow (person) — reporting person and beneficial owner of AudioEye shares
- AudioEye, Inc. (company) — the subject company whose securities are being reported
- KTK CAPITAL, INC. (company) — a group member associated with the reporting person
- CEDAR HOLDING MGMT (company) — a group member associated with the reporting person
Forward-Looking Statements
- Keith Kosow will maintain a significant ownership stake in AudioEye, Inc. for the foreseeable future. (Keith Kosow) — medium confidence, target: December 31, 2024
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person is Keith Kosow, as explicitly stated in Item 1 of the filing.
What is the name of the issuer whose securities are being reported?
The issuer is AudioEye, Inc., as identified in the 'Name of Issuer' section of the Schedule 13G.
How many shares of AudioEye, Inc. common stock does Keith Kosow beneficially own?
Keith Kosow beneficially owns 867,800 shares of AudioEye, Inc. common stock, as reported in Row 9 of the cover page.
What percentage of AudioEye, Inc.'s common stock does Keith Kosow's ownership represent?
Keith Kosow's ownership represents 9.9% of the class of AudioEye, Inc. common stock, as stated in Row 11 of the cover page.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as indicated on the cover page of the Schedule 13G.
Filing Stats: 1,089 words · 4 min read · ~4 pages · Grade level 12.6 · Accepted 2024-01-12 15:24:14
Filing Documents
- aeye_sc13ga.htm (SC 13G/A) — 63KB
- aeye_ex991.htm (EX-99.1) — 5KB
- 0001477932-24-000150.txt ( ) — 70KB
(a) Name of Issuer
Item 1(a) Name of Issuer: AudioEye, Inc.
(b) Address of Issuer's Principal Executive Offices
Item 1(b) Address of Issuer's Principal Executive Offices: 5210 E. Williams Circle, Suite 750, Tucson, AZ 85711
(a) Name of Person Filing
Item 2(a) Name of Person Filing: Keith Kosow KTK Capital, Inc. Cedar Holdings MGMT The foregoing are sometimes together referred to herein as "reporting person".
(b) Address of Principal Business Office or, if none, Residence
Item 2(b) Address of Principal Business Office or, if none, Residence: 100 South Pointe Drive #1206, Miami Beach, FL 33139
(c) Citizenship
Item 2(c) Citizenship: Keith Kosow - United States citizen KTK Capital, Inc - a corporation formed under the laws of the State of Florida Cedar Holdings MGMT - a corporation formed under the laws of the State of Florida
(d) Title of Class of Securities
Item 2(d) Title of Class of Securities: Common Stock
(e) CUSIP No.: 050734201
Item 2(e) CUSIP No.: 050734201 Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: Not applicable 5
Ownership
Item 4. Ownership: The information required by Items 4(a) – (c) is set forth in Rows (5) – (11) of the cover page for each of the Reporting Persons hereto, including footnotes, and is incorporated herein by reference for the Reporting Persons. The percentage set forth in Row (11) of the cover page for each of the Reporting Persons are calculated based upon 11,888,851 shares of Common Stock outstanding as of October 27, 2023, as disclosed on the Issuer's Quarterly Report on Form 10-Q for the period ended September 30, 2023.
Ownership of Five Percent or Less of a Class
Item 5. Ownership of Five Percent or Less of a Class: Not applicable
Ownership of More than Five Percent on Behalf of Another Person
Item 6. Ownership of More than Five Percent on Behalf of Another Person: Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person: Not applicable.
Identification and Classification of Members of the Group
Item 8. Identification and Classification of Members of the Group: Not applicable.
Notice of Dissolution of Group
Item 9. Notice of Dissolution of Group: Not applicable.
Certifications
Item 10. Certifications: Not applicable. 6 SIGNATURE 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. Dated: January 12, 2024 Keith Kosow /s/ Keith Kosow Dated: January 12, 2024 KTK Capital, Inc. By: /s/ Keith Kosow Name: Keith Kosow Title: Authorized Signatory Dated: January 12, 2024 Cedar Holdings MGMT By: /s/ Keith Kosow Name: Keith Kosow Title: Authorized Signatory 7