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.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
POTBELLY CORPORATION
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
73754Y100
(CUSIP Number)
12/31/21
(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).
CUSIP No. 73754Y100
| 1 | Name of Reporting Persons
AGMAN INVESTMENTS LLC | |||||
| 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
Delaware Limited Liability Company | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With |
5 | Sole Voting Power
| ||||
| 6 | Shared Voting Power
2,444,415(1) | |||||
| 7 | Sole Dispositive Power
| |||||
| 8 | Shared Dispositive Power
2,444,415 (1) | |||||
| 9 |
Aggregate Amount Beneficially Owned by Each Reporting Person
2,444,415 (1) | |||||
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
☐ | |||||
| 11 | Percent of Class Represented by Amount in Row (9)
8.48%(2) | |||||
| 12 | Type of Reporting Person (See Instructions)
OO | |||||
| (1) | Includes 89,561 shares of common stock that Agman Investments LLC has the right to acquire through the exercise of a warrant. |
| (2) | The percentage of the common stock beneficially owned is based on 28,812,262 shares of common stock reported to be outstanding on October 23, 2022 according to Issuer’s Quarterly Report on Form 10-Q filed with the SEC on November 3, 2022. |
CUSIP No. 73754Y100
| 1 | Name of Reporting Persons
HOWARD SCOTT SILVERMAN | |||||
| 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
U.S. CITIZEN | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With |
5 | Sole Voting Power
| ||||
| 6 | Shared Voting Power
2,444,415 (1) | |||||
| 7 | Sole Dispositive Power
| |||||
| 8 | Shared Dispositive Power
2,444,415 (1) | |||||
| 9 |
Aggregate Amount Beneficially Owned by Each Reporting Person
2,444,415 (1) | |||||
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
☐ | |||||
| 11 | Percent of Class Represented by Amount in Row (9)
8.48%(2) | |||||
| 12 | Type of Reporting Person (See Instructions)
OO | |||||
| (1) | Includes 89,561 shares of common stock that Agman Investments LLC has the right to acquire through the exercise of a warrant. |
| (2) | The percentage of the common stock beneficially owned is based on 28,812,262 shares of common stock reported to be outstanding on October 23, 2022 according to Issuer’s Quarterly Report on Form 10-Q filed with the SEC on November 3, 2022. |
This Amendment No. 3 (“Amendment No. 3”) amends and supplements the statement on Schedule 13G initially filed on April 3, 2020 and as amended on February 16, 2021 and February 14, 2022 (the “Original Filing”) by Agman Investments, LLC (“Agman”). The Original Filing remains in effect except to the extent that it is amended, restated or superseded by information contained in this Amendment No. 3. Capitalized terms used and not defined in this Amendment No. 3 have the meanings set forth in the Original Filing.
| Item 1. | |
| (a) | Name of Issuer |
POTBELLY CORPORATION
| (b) | Address of Issuer’s Principal Executive Offices |
111 N. Canal St., Ste. 850, Chicago, IL 60606
| Item 2. | |
| (a) | Name of Person Filing |
This Amendment No. 3 is jointly filed by Agman and Silverman. Silverman is the manager of Agman and controls Agman.
| (b) | Address of Principal Business Office or, if none, Residence |
The principal business office for both Agman and Silverman is 10 E. Ohio St., Second Floor, Chicago, IL 60611.
| (c) | Citizenship |
Agman is a Delaware Limited Liability Company and Silverman is a U.S. citizen.
| (d) | Title of Class of Securities |
Common Stock
| (e) | CUSIP Number |
737554Y100
| 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.
| 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.
| (a) | Amount beneficially owned: |
Agman and Silverman may be deemed to beneficially own 2,444,415 (1) shares of common stock.
| (b) | Percent of class: |
8.48(2)
| (c) | Number of shares as to which such person has: |
| (i) | Sole power to vote or to direct the vote: |
| (ii) | Shared power to vote or to direct the vote: |
Agman and Silverman have shared voting power over 2,444,415 (1) shares of common stock.
| (iii) | Sole power to dispose or to direct the disposition of: |
| (iv) | Shared power to dispose or to direct the disposition of: |
Agman and Silverman have shared voting power over 2,444,415 (1) shares of common stock.
| (1) | Includes 89,561 shares of common stock that Agman Investments LLC has the right to acquire through the exercise of a warrant. |
| (2) | The percentage of the common stock beneficially owned is based on 28,812,262 shares of common stock reported to be outstanding on October 23, 2022 according to Issuer’s Quarterly Report on Form 10-Q filed with the SEC on November 3, 2022. |
| 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 5 percent of the class of securities, check the following: ☐
| 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
| Item 8. | Identification and Classification of Members of the Group |
Not applicable
| Item 9. | Notice of Dissolution of Group |
Not applicable
| Item 10. | Certification |
(d) By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing 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 that purpose or effect.
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: February 6, 2023
| AGMAN INVESTMENTS, LLC | ||
| By: | /s/ Howard Scott Silverman | |
| Name: Howard Scott Silverman | ||
| Title: Manager | ||
| HOWARD SCOTT SILVERMAN | ||
| By: | /s/ Howard Scott Silverman | |
| Howard Scott Silverman, Individually | ||