Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
- Peter Lynch
What is insider trading>>
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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).
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SCHEDULE 13G/A
CUSIP NO. 967590209
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1.
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Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)
Jin Kang
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2.
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Check the Appropriate Box if a Member of a Group (see instructions)
(a) ☐ (b) ☐
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3.
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SEC Use Only
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4.
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Citizenship or place of organization
United States
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Number of
Shares Beneficially Owned by Each Reporting Person With |
5.
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Sole Voting Power
537,597*
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6.
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Shared Voting Power
0
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7.
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Sole Dispositive Power
537,597*
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8.
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Shared Dispositive Power
0
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9.
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Aggregate Amount Beneficially Owned by Each Reporting Person
537,597*
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10.
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Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see Instructions)
☐
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11.
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Percent of Class Represented by Amount in Row (11)
6.1**%
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12.
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Type of Reporting Person (see Instructions)
IN
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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.
** Percent of class is calculated based on 8,843,673 shares Common Stock of the Issuer outstanding as of November 14, 2023.
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Item 1.
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(a)
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Name of Issuer
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WIDEPOINT CORPORATION
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(b)
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Address of Issuer’s Principal Executive Offices
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11250 Waples Mill Road
South Tower 210 Fairfax, Virginia 22030 |
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Item 2.
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(a)
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Name of Person Filing
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Jin Kang
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(b)
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Address of Principal Business Office or, if none, Residence
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11250 Waples Mill Road
South Tower 210 Fairfax, Virginia 22030 |
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(c)
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Citizenship
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United States
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(d)
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Title of Class of Securities
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Common Stock
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(e)
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CUSIP Number
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967590209
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| 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:
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(a) ☐ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
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(b) ☐ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
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(c) ☐ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C.
78c).
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(d) ☐ Investment company registered under section 8 of the Investment Company
Act of 1940 (15 U.S.C 80a-8).
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(e) ☐ An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
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(f) ☐ An employee benefit plan or endowment fund in accordance with
§240.13d-1(b)(1)(ii)(F);
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(g) ☐ A parent holding company or control person in accordance with §
240.13d-1(b)(1)(ii)(G);
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(h) ☐ A savings associations as defined in Section 3(b) of the Federal Deposit
Insurance Act (12 U.S.C. 1813);
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(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);
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(j) ☐ A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J).
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(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:
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| Item 4. |
Ownership.
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Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1
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(a) Amount beneficially owned: 537,597
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(b) Percent of class: 6.1%
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(c) Number of shares as to which the person has:
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(i) Sole power to vote or to direct the vote: 537,597
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(ii) Shared power to vote or to direct the vote: 0
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(iii) Sole power to dispose or to direct the disposition of: 537,597
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(iv) Shared power to dispose or to direct the disposition of: 0
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| Item 5. |
Ownership of Five Percent or Less of a Class.
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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 □
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| Item 6. |
Ownership of More than Five Percent on Behalf of Another Person.
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N/A
| Item 7. |
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.
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N/A
| Item 8. |
Identification and Classification of Members of the Group.
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N/A
| Item 9. |
Notice of Dissolution of Group.
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N/A
| Item 10. |
Certification.
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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 and correct.
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Date: February 6, 2024
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By:
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/s/ Jin Kang
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Name: Jin Kang
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Footnotes:
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Attention:
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Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)
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