Filing Details

Accession Number:
0001829126-23-005733
Form Type:
13D Filing
Publication Date:
2023-08-28 20:00:00
Filed By:
Lazar David E.
Company:
Lendway Inc. (NASDAQ:LDWY)
Filing Date:
2023-08-29
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
DAVID E. LAZAR 0%
Filing

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

(Rule 13d-101)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO

§ 240.13d-2(a)

 

(Amendment No. 3)1

 

Lendway, Inc.

(Name of Issuer)

 

Common Stock, $0.01 par value

(Title of Class of Securities)

 

45765Y204

(CUSIP Number)

 

DAVID E. LAZAR

Villa 1, 14-43rd Street

Jumeirah 2

Dubai, United Arab Emirates

(646) 768-8417

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

 

August 24, 2023

(Date of Event Which Requires Filing of This Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this Schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ☐.

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties to whom copies are to be sent.

 

 

 
1The 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 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).

 

 

 

 

 

1

NAME OF REPORTING PERSONS

 

DAVID E. LAZAR

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☐

(b) ☐

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 

PF

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ☐

 

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

PORTUGAL, ISRAEL

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7

SOLE VOTING POWER

 

- 0 -

8

SHARED VOTING POWER

 

- 0 -

9

SOLE DISPOSITIVE POWER

 

- 0 -

10

SHARED DISPOSITIVE POWER

 

- 0 -

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

- 0 -

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐

 

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0%

14

TYPE OF REPORTING PERSON

 

IN

 

1

 

The following constitutes Amendment No. 3 to the Schedule 13D (“Amendment No. 3”) filed by the undersigned. This Amendment No. 3 amends the Schedule 13D as specifically set forth herein.

 

Item 1. Security and Issuer.

 

This statement relates to the Common Stock, $0.01 par value (the “Shares”), of Lendway, Inc., a Delaware corporation (the “Issuer”). The address of the principal executive offices of the Issuer is 5000 W. 36th Street, Suite 220, Minneapolis, Minnesota 55416. On August 4, 2023, the Issuer changed its name from Insignia Systems, Inc. to Lendway, Inc. As of the filing of this Amendment No. 3, any reference to the Issuer shall be to Lendway, Inc.

 

Item 5. Interest in Securities of the Issuer.

 

Items 5(a) – (c) and (e) are hereby amended and restated to read as follows:

 

The aggregate percentage of Shares reported owned by each person named herein is based upon 1,797,659 Shares outstanding, which is the total number of Shares outstanding as of August 8, 2023, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 14, 2023.

 

A. Mr. Lazar

 

  (a) As of the close of business on August 28, 2023, Mr. Lazar did not own any Shares.

 

Percentage: 0%

 

  (b) 1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 0

 

  (c) The transactions in the Shares by the Reporting Person during the past sixty days are set forth in Schedule A and are incorporated herein by reference. All of such transactions were effected in the open market unless otherwise noted.

 

  (e) As of August 24, 2023, the Reporting Person ceased to beneficially own more than 5% of the outstanding Shares of the Issuer.

 

2

 

 

SIGNATURES

 

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: August 29, 2023

 

  /s/ David E. Lazar
  DAVID E. LAZAR

 

3

 

 

SCHEDULE A

 

Transaction in the Shares During the Past Sixty Days

 

Nature of
Transaction
  Shares
Sold
  Price Per
Share ($)
  Date of
Sale
          
DAVID E. LAZAR
          
Sale of Common Stock  1,000  $5.42691  08/24/2023
Sale of Common Stock  1,000  $5.40011  08/24/2023
Sale of Common Stock  1,000  $5.40501  08/24/2023
Sale of Common Stock  1,000  $5.40001  08/24/2023
Sale of Common Stock  1,000  $4.9462  08/24/2023
Sale of Common Stock  1,000  $4.75031  08/24/2023
Sale of Common Stock  1,000  $4.75001  08/24/2023
Sale of Common Stock  1,000  $4.52661  08/24/2023
Sale of Common Stock  1,000  $4.5293  08/24/2023
Sale of Common Stock  1,000  $4.5326  08/24/2023
Sale of Common Stock  1,000  $4.51451  08/24/2023
Sale of Common Stock  1,000  $4.46071  08/24/2023
Sale of Common Stock  1,000  $4.3413  08/24/2023
Sale of Common Stock  1,000  $4.32281  08/24/2023
Sale of Common Stock  1,000  $4.3852  08/24/2023
Sale of Common Stock  1,000  $4.33601  08/24/2023
Sale of Common Stock  1,000  $4.3365  08/24/2023
Sale of Common Stock  1,000  $4.30021  08/24/2023
Sale of Common Stock  1,000  $4.27841  08/24/2023
Sale of Common Stock  1,000  $4.2500  08/24/2023
Sale of Common Stock  1,000  $4.25471  08/24/2023
Sale of Common Stock  1,000  $4.27401  08/24/2023
Sale of Common Stock  1,000  $4.2740  08/24/2023
Sale of Common Stock  1,000  $4.2500  08/24/2023
Sale of Common Stock  1,000  $4.25001  08/24/2023
Sale of Common Stock  1,000  $4.25011  08/24/2023
Sale of Common Stock  1,000  $4.2648  08/24/2023
Sale of Common Stock  1,000  $4.25001  08/24/2023
Sale of Common Stock  1,000  $4.22471  08/24/2023
Sale of Common Stock  1,000  $4.21101  08/24/2023
Sale of Common Stock  1,000  $4.19691  08/24/2023
Sale of Common Stock  1,000  $4.30011  08/24/2023
Sale of Common Stock  1,000  $4.20291  08/24/2023
Sale of Common Stock  1,000  $4.31001  08/24/2023
Sale of Common Stock  1,000  $4.31001  08/24/2023
Sale of Common Stock  1,000  $4.3106  08/24/2023
Sale of Common Stock  1,000  $4.31011  08/24/2023

 

Sch. A-1

 

 

Sale of Common Stock  1,000  $4.21571  08/24/2023
Sale of Common Stock  1,000  $4.19001  08/24/2023
Sale of Common Stock  1,000  $4.18291  08/24/2023
Sale of Common Stock  1,000  $4.1827  08/24/2023
Sale of Common Stock  1,000  $4.18181  08/24/2023
Sale of Common Stock  1,000  $4.17801  08/24/2023
Sale of Common Stock  1,000  $4.1824  08/24/2023
Sale of Common Stock  1,000  $4.2500  08/24/2023
Sale of Common Stock  1,000  $4.2500  08/24/2023
Sale of Common Stock  1,000  $4.2500  08/24/2023
Sale of Common Stock  1,000  $4.2500  08/24/2023
Sale of Common Stock  1,000  $4.18251  08/24/2023
Sale of Common Stock  1,000  $4.18171  08/24/2023
Sale of Common Stock  1,000  $4.17001  08/24/2023
Sale of Common Stock  1,000  $4.17011  08/24/2023
Sale of Common Stock  1,000  $4.30391  08/24/2023
Sale of Common Stock  1,000  $4.19111  08/24/2023
Sale of Common Stock  1,000  $4.18101  08/24/2023
Sale of Common Stock  1,000  $4.16081  08/24/2023
Sale of Common Stock  1,000  $4.1500  08/24/2023
Sale of Common Stock  1,000  $4.15021  08/24/2023
Sale of Common Stock  1,000  $4.15001  08/24/2023
Sale of Common Stock  1,000  $4.4501  08/24/2023
Sale of Common Stock  1,000  $4.45001  08/24/2023
Sale of Common Stock  1,000  $4.45011  08/24/2023
Sale of Common Stock  1,000  $4.45221  08/24/2023
Sale of Common Stock  1,000  $4.45011  08/24/2023
Sale of Common Stock  1,000  $4.45001  08/24/2023
Sale of Common Stock  1,000  $4.44501  08/24/2023
Sale of Common Stock  1,000  $4.20201  08/24/2023
Sale of Common Stock  1,000  $4.18001  08/24/2023
Sale of Common Stock  1,000  $4.15001  08/24/2023
Sale of Common Stock  1,000  $4.15001  08/24/2023
Sale of Common Stock  5,000  $4.15251  08/24/2023
Sale of Common Stock  1,000  $4.15001  08/24/2023
Sale of Common Stock  1,000  $4.15691  08/24/2023
Sale of Common Stock  1,000  $4.1500  08/24/2023
Sale of Common Stock  1,000  $4.1617  08/24/2023
Sale of Common Stock  1,000  $4.1617  08/24/2023
Sale of Common Stock  1,000  $4.1617  08/24/2023
Sale of Common Stock  1,000  $4.2350  08/24/2023
Sale of Common Stock  1,000  $4.15001  08/24/2023
Sale of Common Stock  1,000  $4.15001  08/24/2023
Sale of Common Stock  1,000  $4.15001  08/24/2023
Sale of Common Stock  1,000  $4.2079  08/24/2023

 

Sch. A-2

 

 

Sale of Common Stock  1,000  $4.20011  08/24/2023
Sale of Common Stock  1,000  $4.18601  08/24/2023
Sale of Common Stock  1,000  $4.2000  08/24/2023
Sale of Common Stock  1,000  $4.1500  08/24/2023
Sale of Common Stock  1,000  $4.20001  08/24/2023
Sale of Common Stock  1,000  $4.19001  08/24/2023
Sale of Common Stock  1,000  $4.4300  08/24/2023
Sale of Common Stock  1,000  $4.23321  08/24/2023
Sale of Common Stock  1,000  $4.20141  08/24/2023
Sale of Common Stock  1,000  $4.19591  08/24/2023
Sale of Common Stock  1,000  $4.1900  08/24/2023
Sale of Common Stock  1,000  $4.1900  08/24/2023
Sale of Common Stock  1,000  $4.1900  08/24/2023
Sale of Common Stock  1,000  $4.20051  08/24/2023
Sale of Common Stock  1,000  $4.19011  08/24/2023
Sale of Common Stock  1,000  $4.22241  08/24/2023
Sale of Common Stock  1,000  $4.18001  08/24/2023
Sale of Common Stock  1,000  $4.18001  08/24/2023
Sale of Common Stock  1,000  $4.1800  08/24/2023
Sale of Common Stock  1,000  $4.15001  08/24/2023
Sale of Common Stock  5,000  $4.35101  08/24/2023
Sale of Common Stock  1,000  $4.26161  08/24/2023
Sale of Common Stock  1,000  $4.21011  08/24/2023
Sale of Common Stock  1,000  $4.19011  08/24/2023
Sale of Common Stock  1,000  $4.20701  08/24/2023
Sale of Common Stock  1,000  $4.17301  08/24/2023
Sale of Common Stock  1,000  $4.16191  08/24/2023
Sale of Common Stock  1,000  $4.15001  08/24/2023
Sale of Common Stock  1,000  $4.15001  08/24/2023
Sale of Common Stock  1,000  $4.15521  08/24/2023
Sale of Common Stock  1,000  $4.2001  08/24/2023
Sale of Common Stock  1,000  $4.19221  08/24/2023
Sale of Common Stock  1,000  $4.15001  08/24/2023
Sale of Common Stock  1,000  $4.16301  08/24/2023
Sale of Common Stock  1,000  $4.18141  08/24/2023
Sale of Common Stock  1,000  $4.17301  08/24/2023
Sale of Common Stock  1,000  $4.1701  08/24/2023
Sale of Common Stock  1,000  $4.1701  08/24/2023
Sale of Common Stock  1,000  $4.17001  08/24/2023
Sale of Common Stock  1,000  $4.16271  08/24/2023
Sale of Common Stock  1,000  $4.15001  08/24/2023
Sale of Common Stock  1,000  $4.8529  08/28/2023
Sale of Common Stock  1,000  $4.63061  08/28/2023
Sale of Common Stock  1,000  $4.60161  08/28/2023
Sale of Common Stock  1,000  $4.6413  08/28/2023

 

Sch. A-3

 

 

Sale of Common Stock  1,000  $4.63891  08/28/2023
Sale of Common Stock  7,000  $4.63301  08/28/2023
Sale of Common Stock  7,000  $4.63061  08/28/2023
Sale of Common Stock  7,000  $4.66091  08/28/2023
Sale of Common Stock  7,000  $4.57191  08/28/2023
Sale of Common Stock  5,000  $4.48721  08/28/2023
Sale of Common Stock  1,134  $4.6800  08/28/2023

 

 
1Represents a weighted average price. These Shares were sold in multiple transactions. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares sold at each separate price.

 

Sch. A-4