Sec Form 13G Filing - Reda Joseph filing for SILO PHARMA INC (SILO) - 2024-01-25

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>>

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

(Rule 13d-102)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO § 240.13d-2(b)

 

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

(AMENDMENT NO. 2)

 

Silo Pharma, Inc.

 

(Name of Issuer)

 

Common Shares, par value $0.0001 per share

 

(Title of Class of Securities)

 

(CUSIP Number)

 82711P201

 

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 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. 82711P201

 

1.

NAME OF REPORTING PERSON OR

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Joseph Reda

2.

Check The Appropriate Box if a Member of a Group

(a) ☐

(b) ☐

3. SEC Use Only
4.

Citizenship or Place of Organization

U.S.

Number of
Shares
Beneficially
Owned By
Each
Reporting
Person With		 5.

Sole Voting Power

0

6.

Shared Voting Power

0

7.

Sole Dispositive Power

0

8.

Shared Dispositive Power

0

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
0

10. 

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐

11. 

Percent of Class Represented By Amount in Row (9)
0%(1)

12. 

Type of Reporting Person (See Instructions)
IN

 

(1)

Based on 3,108,797 shares of Common Stock outstanding as of November 13, 2023.

 

-1-

 

 

CUSIP No. 82711P201

 

1.

NAME OF REPORTING PERSON OR

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Joseph Reda C/F Dustin Russell Reda UTMA/NY

2.

Check The Appropriate Box if a Member of a Group

(a) ☐

(b) ☐

3. SEC Use Only
4.

Citizenship or Place of Organization

U.S.

Number of
Shares
Beneficially
Owned By
Each
Reporting
Person With		 5.

Sole Voting Power

0

6.

Shared Voting Power

0

7.

Sole Dispositive Power

0

8.

Shared Dispositive Power

0

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
0

10. 

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)  ☐

11. 

Percent of Class Represented By Amount in Row (9)
0%(1)

12. 

Type of Reporting Person (See Instructions)
OO

 

(1)

Based on 3,108,797 shares of Common Stock outstanding as of November 13, 2023.

 

-2-

 

 

CUSIP No. 82711P201

 

1.

NAME OF REPORTING PERSON OR

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Joseph Reda C/F Joseph William Reda UTMA/NY

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☐

(b) ☐

3. SEC Use Only
4.

CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH		 5.

Sole Voting Power

0

6.

Shared Voting Power

0

7.

Sole Dispositive Power

0

8.

Shared Dispositive Power

0

9.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0

10. 

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐

11. 

Percent of Class Represented By Amount in Row (9)
0%(1)

12. 

Type of Reporting Person (See Instructions)
OO

 

(1)

Based on 3,108,797 shares of Common Stock outstanding as of November 13, 2023.

 

-3-

 

 

CUSIP No. 82711P201

 

1.

NAME OF REPORTING PERSON OR

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Joseph Reda C/F Angus Patrick Deeney UTMA/NY

2.

Check The Appropriate Box if a Member of a Group

(a) ☐

(b) ☐

3. SEC Use Only
4.

Citizenship or Place of Organization

U.S.

Number of
Shares
Beneficially
Owned By
Each
Reporting
Person With		 5.

Sole Voting Power

0

6.

Shared Voting Power

0

7.

Sole Dispositive Power

0

8.

Shared Dispositive Power

0

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
0

10. 

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐

11. 

Percent of Class Represented By Amount in Row (9)
0%(1)

12. 

Type of Reporting Person (See Instructions)
OO

 

(1)

Based on 3,108,797 shares of Common Stock outstanding as of November 13, 2023.

 

-4-

 

 

CUSIP No. 82711P201

 

1.

NAME OF REPORTING PERSON OR

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Joseph Reda C/F Claire Estie Deeney UTMA/NY

2.

Check The Appropriate Box if a Member of a Group

(a) ☐

(b) ☐

3. SEC Use Only
4.

Citizenship or Place of Organization

U.S.

Number of
Shares
Beneficially
Owned By
Each
Reporting
Person With		 5.

Sole Voting Power

0

6.

Shared Voting Power

0

7.

Sole Dispositive Power

0

8.

Shared Dispositive Power

0

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
0

10. 

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐

11. 

Percent of Class Represented By Amount in Row (9)
0%(1)

12. 

Type of Reporting Person (See Instructions)
OO

 

(1)

Based on 3,108,797 shares of Common Stock outstanding as of November 13, 2023.

 

-5-

 

 

Item 1(a). Name of Issuer:
   
  Silo Pharma, Inc.
   
Item 1(b). Address of Issuer’s Principal Executive Offices:
   
  560 Sylvan Avenue, Suite 3160, Englewood Cliffs, NJ 07632
   
Item 2(a). Name of Person Filing.
   
 

The statement is filed on behalf of Joseph Reda, Joseph Reda C/F Dustin Russell Reda UTMA/NY (“DRR UTMA”), Joseph Reda C/F Joseph William Reda UTMA/NY (“JWR UTMA”), Joseph Reda C/F Angus Patrick Deeney UTMA/NY (“APD UTMA”), and Joseph Reda C/F Claire Estie Deeney UTMA/NY (“CED UTMA”)(collectively, the “Reporting Persons”).

 

Mr. Reda is also the custodian of each of DRR UTMA, JWR UTMA, APD UTMA, and CED UTMA and in such capacity each has voting and dispositive power over the securities held by each such entity.

   
Item 2(b). Address of Principal Business Office or, if None, Residence.
   
 

The address for Reporting Persons is:

1324 Manor Circle Pelham, NY 10803

   
Item 2(c). Citizenship.
 

U.S.

 

UTMA, JWR UTMA, APD UTMA, and CED UTMA are each organized under the laws of the State of New York.

   
Item 2(d). Title of Class of Securities.
   
  Common Shares
   
Item 2(e). CUSIP Number.
  82711P201
   
Item 3. Type of Person.
   
  Not applicable.
   
Item 4. Ownership.
   
 

The information required by Items 4(a) – (c) is set forth in Rows (5) – (11) of the cover page for each of the Reporting Persons hereto, including footnotes, and is incorporated herein by reference for the Reporting Persons. The percentage set forth in Row (11) of the cover page for each of the Reporting Persons are calculated based on 3,108,797 shares of Common Stock outstanding as of November 13, 2023, as disclosed on the Issuer’s Quarterly Report on Form 10-Q for the period ended September 30, 2023.

 

-6-

 

 

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 ☒.

   
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 by the Parent Holding Company.
   
  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. Certifications.
   
  Not applicable

 

-7-

 

 

SIGNATURE PAGE

 

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 25, 2024   By: /s/ Joseph Reda
    Name: Joseph Reda
     
Dated:  January 25, 2024   Joseph Reda C/F Dustin Russell Reda UTMA/NY
     
    By: /s/ Joseph Reda
    Name:  Joseph Reda
    Title: Custodian
     
Dated: January 25, 2024   Joseph Reda C/F Joseph William Reda UTMA/NY
     
    By: /s/ Joseph Reda
    Name: Joseph Reda
    Title: Custodian
     
Dated: January 25, 2024   Joseph Reda C/F Angus Patrick Deeney UTMA/NY
     
    By: /s/ Joseph Reda
    Name: Joseph Reda
    Title: Custodian
     
Dated: January 25, 2024   Joseph Reda C/F Claire Estie Deeney UTMA/NY
     
    By: /s/ Joseph Reda
    Name: Joseph Reda
    Title: Custodian

 

-8-