Heilbron Amends Presidio Property Trust 13D Filing

TL;DR

Heilbron updated his stake in SQFT. Watch for more.

AI Summary

Jack K. Heilbron filed an amendment (No. 1) to Schedule 13D on March 22, 2024, regarding Presidio Property Trust, Inc. (NASDAQ: SQFT). Heilbron previously held shares and this amendment likely updates information regarding his beneficial ownership or recent transactions. The filing does not specify dollar amounts or new share counts in the provided text.

Why It Matters

This filing provides updated information on significant shareholder holdings in Presidio Property Trust, which can influence stock price and corporate strategy.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D often signal changes in significant shareholder positions, which can lead to increased volatility.

Key Players & Entities

• Jack K. Heilbron (person) — Filing person and significant shareholder
• Presidio Property Trust, Inc. (company) — Issuer of the securities
• NASDAQ: SQFT (company) — Ticker symbol for Presidio Property Trust, Inc.

FAQ

Key Financial Figures

• $0.01 — uer) Series A Common Stock, Par Value $0.01 Per Share (Title of class of securiti
• $4,001.01 — On December 16, 2022, Mr. Heilbron used $4,001.01 in personal funds to purchase 4,000 sha
• $1.01 — s of Common Stock on the open market at $1.01 per share. On December 19, 2022, Mr.
• $3,000 — On December 19, 2022, Mr. Heilbron used $3,000 in personal funds to purchase 3,000 sha
• $1.00 — s of Common Stock on the open market at $1.00 per share. On December 19, 2022, Mr.
• $1,980 — On December 19, 2022, Mr. Heilbron used $1,980 in personal funds to purchase 2,000 sha
• $0.99 — s of Common Stock on the open market at $0.99 per share. On December 19, 2022, Mr.
• $1,272.83 — On December 19, 2022, Mr. Heilbron used $1,272.83 in personal funds to purchase 1,300 sha
• $0.9791 — s of Common Stock on the open market at $0.9791 per share. On December 19, 2022, Mr.
• $968 — On December 19, 2022, Mr. Heilbron used $968 in personal funds to purchase 1,000 sha
• $0.968 — s of Common Stock on the open market at $0.968 per share. On December 19, 2022, Mr.
• $954 — On December 19, 2022, Mr. Heilbron used $954 in personal funds to purchase 1,000 sha
• $0.954 — s of Common Stock on the open market at $0.954 per share. On December 19, 2022, Mr.
• $941 — On December 19, 2022, Mr. Heilbron used $941 in personal funds to purchase 1,000 sha
• $0.941 — s of Common Stock on the open market at $0.941 per share. On December 22, 2022, Mr.

Filing Documents

• formsc13da.htm (SC 13D/A) — 81KB
• 0001493152-24-012596.txt ( ) — 83KB

From the Filing

SC 13D/A 1 formsc13da.htm UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A Under the Securities Exchange Act of 1934 (Amendment No. 1)* Presidio Property Trust, Inc. (Name of issuer) Series A Common Stock, Par Value $0.01 Per Share (Title of class of securities) 74102L303 (CUSIP number) Jack K. Heilbron 4995 Murphy Canyon Road, Suite 300 San Diego, CA 92123 760-471-8536 (Name, address and telephone number of person authorized to receive notices and communications) March 22, 2024 (Date of event which requires filing of this statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 74102L303 (1) Names of reporting persons Jack K. Heilbron (2) Check the appropriate box if a member of a group (see instructions) (a) (b) (3) SEC use only (4) Source of funds (see instructions) PF, OO, AF (5) Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) (6) Citizenship or place of organization United Number of shares beneficially owned by each reporting person with: (7) Sole voting power 1,271,435 (1) (8) Shared voting power 20,014 (2) (9) Sole dispositive power 1,271,435 (1) (10) Shared dispositive power 20,014 (2) (11) Aggregate amount beneficially owned by each reporting person 1,291,449 (3) (12) Check if the aggregate amount in Row (11) excludes certain shares (see instructions) (13) Percent of class represented by amount in Row (11) 8.2% (4) (14) Type of reporting person (see instructions) IN (1) Consists of: (a) 951,554 shares of Series A Common Stock, par value $0.01 per share, of the Issuer (the “Shares”) held as follows: (i) 859,409 Shares held directly, including 403,824 Shares underlying unvested restricted stock; (ii) 11,755 Shares held by Puppy Toes, Inc., of which the Reporting Person is the controlling shareholder; (iii) 300 Shares held by Mary R. Limoges Custodian FBO Connor Daniel Heilbron UGMA CA Until Age 18, of which the Reporting Person’s spouse is the custodian; (iv) 300 Shares held by Mary R. Limoges Custodian FBO Jackson David Heilbron Heilbron UGMA CA Until Age 18, of which the Reporting Person’s spouse is the custodian; (v) 238 Shares held by Centurion Counsel, Inc., of which the Reporting Person is the controlling shareholder; (vi) 79,552 Shares held by Centurion Counsel, Inc. on behalf of various account holders; (b) 319,881 Shares issuable upon the exercise of Series A Common Stock Purchase Warrants (the “Warrants”) held as follows: (i) 308,388 Warrants held directly; (ii) 10,655 Warrants held by Puppy Toes, Inc.; (iii) Warrants held by Mary R. Limoges Custodian FBO Connor Daniel Heilbron UGMA CA Until Age 18; (iv) 300 Warrants held by Mary R. Limoges Custodian FBO Jackson David Heilbron Heilbron UGMA CA Until Age 18; and (v) 238 Warrants held by Centurion Counsel, Inc., of which the Reporting Person is the controlling shareholder . (2) Consists of: (i) 10,007 Shares held by the Reporting Person’s spouse; and (ii) 10,007 Shares issuable upon exercise of Warrants held by the Reporting Person’s spouse . (3) Represents an aggregate of 951,554 Shares and 329,888 Warrants, as described in footnotes (1) and (2). (4) Percentage is based upon 14,463,802 shares of common stock outstanding as of 31, 2024 and 329,888 Shares issuable upon exercise of the Warrants. Item 1. Security and Issuer This Amendment No. 1 to Schedule 13D amends and supplements the Schedule 13D initially filed with the Securities and Exchange Commission on March 4, 2024 (the “Schedule 13D”), by Jack K. Heilbron (the “Reporting Person”) with respect to the Series A Common Stock, $0.01 par value per share, of Presidio Property Trust, Inc., a Maryland corporation (the “Issuer”). The addre

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