Jin Kang Amends WIDEPOINT Stake, Maintains Significant Ownership

TL;DR

**Major individual investor Jin Kang still owns a big chunk of WIDEPOINT.**

AI Summary

Jin Kang, an individual investor, filed an amended SC 13G/A on February 6, 2024, confirming his beneficial ownership of WIDEPOINT CORP (WYY) common stock as of December 31, 2023. This filing, an amendment to a previous disclosure, indicates that Kang continues to hold a significant stake in the company. For investors, this means a major individual shareholder remains committed, which can be a sign of confidence in the company's future.

Why It Matters

This filing shows that a key individual investor, Jin Kang, is still holding a substantial position in WIDEPOINT CORP, which can signal stability and continued belief in the company's prospects.

Risk Assessment

Risk Level: low — This filing is an amendment confirming existing ownership, indicating stability rather than a new, volatile event.

Analyst Insight

Investors should note that a significant individual shareholder, Jin Kang, continues to hold a stake in WIDEPOINT CORP, suggesting ongoing confidence. This filing doesn't introduce new information about share changes but confirms the status quo, so no immediate action is required based solely on this amendment.

Key Players & Entities

• Jin Kang (person) — reporting person and beneficial owner of WIDEPOINT CORP shares
• WIDEPOINT CORP (company) — the issuer of the securities being reported on
• December 31, 2023 (date) — the date of the event which required the filing of this statement
• February 6, 2024 (date) — the filing date of the SC 13G/A amendment

FAQ

Filing Documents

• tm54.htm (SC 13G/A) — 53KB
• 0000897069-24-000250.txt ( ) — 54KB

From the Filing

SC 13G/A 1 tm54.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G/A Under the Securities Exchange Act of 1934 (Amendment No. 1 )* WIDEPOINT CORPORATION (Name of Issuer) Common Stock (Title of Class of Securities) 967590209 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * 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 the disclosures provided in a prior cover page. The information required in 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). SCHEDULE 13G/A CUSIP NO. 967590209 1. Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only) Jin Kang 2. Check the Appropriate Box if a Member of a Group (see instructions) (a) (b) 3. SEC Use Only 4. Citizenship or place of organization United States Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power 537,597* 6. Shared Voting Power 0 7. Sole Dispositive Power 537,597* 8. Shared Dispositive Power 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person 537,597* 10. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see Instructions) 11. Percent of Class Represented by Amount in Row (11) 6.1**% 12. Type of Reporting Person (see Instructions) IN FOOTNOTES * Includes shares of restricted Common Stock. ** Percent of class is calculated based on 8,843,673 shares Common Stock of the Issuer outstanding as of November 14, 2023. Item 1. (a) Name of Issuer WIDEPOINT CORPORATION (b) Address of Issuer's Principal Executive Offices 11250 Waples Mill Road South Tower 210 Fairfax, Virginia 22030 Item 2. (a) Name of Person Filing Jin Kang (b) Address of Principal Business Office or, if none, Residence 11250 Waples Mill Road South Tower 210 Fairfax, Virginia 22030 (c) Citizenship United States (d) Title of Class of Securities Common Stock (e) CUSIP Number 967590209 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 (15 U.S.C. 78o). (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). (e) An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) A savings associations 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 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J). (k) A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1 (a) Amount beneficially owned: 537,597 (b) Percent of class: 6.1% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 537,597 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 537,597 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5. 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 Item 6. N/A Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. N/A Item 8. Identification and Classification of Members of the Group. N/A Item 9. Notice of Dissolution of Group. N/A Item 10. Certification. Not applicable 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 a

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