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
Under the Securities Exchange Act of 1934
(Amendment No. )*
| ACORN ENERGY, INC. |
| (Name of Issuer) |
| COMMON STOCK |
| (Title of Class of Securities) |
| 004848107 |
| (CUSIP Number) |
| April 22, 2024 |
| (Date of Event Which Requires Filing of this Statement) |
Check the appropriate box to designate the rule pursuant to which this Schedule 13G 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. 004848107 | |
| (1) | Names of Reporting Persons:
Joel Charles Sklar |
| (2) | Check the Appropriate Box if a Member of a Group (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:
141,775* |
| (6) | Shared Voting Power:
0 |
|
| (7) | Sole Dispositive Power:
141,775* |
|
| (8) | Shared Dispositive Power:
0 |
| (9) | Aggregate Amount Beneficially Owned by Each Reporting Person:
141,775* |
| (10) | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions): ☐
|
| (11) | Percent of Class Represented by Amount in Row (9):
5.70* |
| (12) | Type of Reporting Person (See Instructions):
IN |
*See Item 4 for additional information.
Item 1(a). Name Of Issuer:
Acorn Energy, Inc. (the “Company”)
Item 1(b). Address of Issuer’s Principal Executive Offices:
1000 N West Street, Suite 1200
Wilmington, DE 19801
Item 2(a). Name of Person Filing:
Joel Charles Sklar
Item 2(b). Address of Principal Business Office or, if None, Residence:
1 Lenape Avenue
Rockaway, NJ 07866
Item 2(c). Citizenship:
Mr. Sklar is a citizen of the United States.
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP No.:
004848107
Item 3. If This Statement Is Filed Pursuant to Section 240.13d-1(b) or 240.13d-2(b) or (c), check whether the Person Filing is a:
Not Applicable.
Item 4. Ownership:
As reported in the cover pages to this report, the ownership information with respect to Mr. Sklar is as follows:
| (a) Amount Beneficially Owned: | 141,775* | ||
| (b) Percent of Class: | 5.70* | ||
| (c) Number of Shares as to which such person has: | |||
| (i) sole power to vote or to direct the vote: | 141,775* | ||
| (ii) shared power to vote or to direct the vote: | 0 | ||
| (iii) sole power to dispose or to direct the disposition of: | 141,775* | ||
| (iv) shared power to dispose or to direct the disposition of: | 0 | ||
*As of May 2, 2024, Mr. Sklar directly holds 141,775 shares of Common Stock of the Company and beneficially owns 141,775 shares of Common Stock of the Company.
The foregoing beneficial ownership percentage is based upon 2,487,307 shares of Common Stock, issued and outstanding as of March 5, 2024, based on information reported by the Company in its Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 7, 2024.
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 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
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.
May 2, 2024
| /s/ Joel Charles Sklar | |
| Joel Charles Sklar |
Attention: Intentional misstatements or omissions of fact constitute
Federal criminal violations (See 18 U.S.C. 1001).