CRC Founders Fund Updates Track Group Stake as of Dec 31, 2023

TL;DR

**CRC Founders Fund just updated their Track Group ownership, watch for shifts!**

AI Summary

CRC Founders Fund, LP filed an amended SC 13G/A on January 10, 2024, updating their ownership stake in Track Group, Inc. as of December 31, 2023. This filing indicates a change in their beneficial ownership, which is important for investors as it signals a significant institutional investor's updated position in the company. This matters to shareholders because large institutional holdings can influence stock stability and future strategic decisions.

Why It Matters

This filing shows an institutional investor's updated position, which can influence market perception and potentially impact the stock's liquidity and stability.

Risk Assessment

Risk Level: low — This is an informational filing about an ownership stake, not an event that inherently carries high risk.

Analyst Insight

Investors should review the full SC 13G/A filing to understand the specific changes in CRC Founders Fund, LP's beneficial ownership percentage and share count in Track Group, Inc., as this could signal a shift in institutional confidence or strategy.

Key Players & Entities

• CRC Founders Fund, LP (company) — the reporting person filing the SC 13G/A
• Track Group, Inc. (company) — the subject company in which shares are owned
• Denver J. Smith (person) — listed as a group member
• December 31, 2023 (date) — the date of the event requiring this filing
• $0.0001 (dollar_amount) — par value per share of Track Group, Inc. Common Stock

FAQ

Key Financial Figures

• $0.0001 — me of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securiti

Filing Documents

• g110241sc13ga1.htm (SC 13G/A) — 60KB
• 0001214659-24-000546.txt ( ) — 62KB

(a). Name of Issuer

Item 1(a). Name of Issuer: Track Group, Inc.

(b). Address of Issuer’s Principal Executive Offices

Item 1(b). Address of Issuer’s Principal Executive Offices: 200 E. 5 th Avenue, Suite 100, Naperville, IL, 60563

(a). Name of Person Filing

Item 2(a). Name of Person Filing: CRC Founders Fund, LP Denver J. Smith

(b). Address of Principal Business Office or, if none, Residence

Item 2(b). Address of Principal Business Office or, if none, Residence: Denver J. Smith lives at 350 S Race Street, Denver, CO, 80209. CRC Founders Fund, LP is located at 1040 S Gaylord Street, Suite 25, Denver, CO, 80209.

(c). Citizenship

Item 2(c). Citizenship: Denver J. Smith is a citizen of the United States of America. CRC Founders Fund, LP is a Delaware LP.

(d). Title of Class of Securities

Item 2(d). Title of Class of Securities: Common Stock, par value $0.0001 per share

(e). CUSIP Number

Item 2(e). CUSIP Number: 81373R109 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: (a) ¨ Broker or dealer registered under Section 15 of the Act; (b) ¨ Bank as defined in Section 3(a)(6) of the Act; (c) ¨ Insurance company as defined in Section 3(a)(19) of the Act; (d) ¨ Investment company registered under Section 8 of the Investment Company Act of 1940; (e) ¨ An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) ¨ An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) ¨ A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) ¨ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940; (j) ¨ A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J); (k) ¨ Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

Ownership

Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. CRC Founders Fund, LP (a) Amount Beneficially Owned: 691,691 shares (b) Percent of Class: 5.8% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 691,691 shares (ii) shared power to vote or to direct the vote: 0 shares (iii) sole power to dispose or to direct the disposition of: 691,691 shares (iv) shared power to dispose or to direct the disposition of: 0 shares Page 4 of 6 Pages Denver J. Smith (a) Amount Beneficially Owned: 691,691 shares (b) Percent of Class: 5.8% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 0 shares (ii) shared power to vote or to direct the vote: 691,691 shares (iii) sole power to dispose or to direct the disposition of: 0 shares (iv) shared power to dispose or to direct the disposition of: 691,691 shares

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ¨ .

Ownership of More than Five Percent on Behalf of Another Person

Item 6. Ownership of More than Five Percent on Behalf of Another Person. N/A Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. N/A

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group. Denver J. Smith is the Lead Manager for the CRC Founders Fund, LP, an investment partnership. Mr. Smith has the shared power to vote and dispose of the shares held by the CRC Founders Fund, LP.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group. N/A

Certification

Item 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of and do not have the effect of changing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or effect for the time being. Page 5 of 6 Pages

SIGNATURES

SIGNATURES 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 10, 2024 /s/ Denver Smith Name: Denver Smith Title: Self Dated: January 10, 2024 /s/ Denver Smith Name: CRC Founders Fund Title: Lead Manager Page 6 of 6 Pages

View Full Filing

View this SC 13G/A filing on SEC EDGAR