SC 13D 1 e620051_sc13d-ikonics.htm SC 13D

 

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. )1

 

IKONICS Corporation

(Name of Issuer)

 

Common Stock, $0.10 par value

(Title of Class of Securities)

 

45172K102

(CUSIP Number)

 

David Elliot Lazar

Activist Investing LLC

1185 Avenue of the Americas, 3rd Floor

New York, New York 10036

(646) 768-8417

 

Spencer G. Feldman

OLSHAN FROME WOLOSKY LLP

1325 Avenue of the Americas

New York, New York 10019

(212) 451-2300

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

 

October 22, 2020

(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.

 

_______________

1       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. 45172K102

 

  1   NAME OF REPORTING PERSON  
         
        ACTIVIST INVESTING LLC  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
       

WC

 
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
       

New York

 
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         - 0 -  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         7,500  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          - 0 -  
    10   SHARED DISPOSITIVE POWER  
           
          7,500  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        7,500  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        Less than 1%  
  14   TYPE OF REPORTING PERSON  
         
        OO  

  

2 

CUSIP No. 45172K102

 

  1   NAME OF REPORTING PERSON  
         
        CUSTODIAN VENTURES LLC  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
       

WC

 
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
       

Wyoming

 
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         - 0 -  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         162,770  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          - 0 -  
    10   SHARED DISPOSITIVE POWER  
           
          162,770  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        162,770  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
       

8.2%

 
  14   TYPE OF REPORTING PERSON  
         
       

OO

 

 

3 

CUSIP No. 45172K102

  

  1   NAME OF REPORTING PERSON  
         
        DAVID ELLIOT LAZAR  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
       

OO, 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  
         
       

USA

 
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         30,738  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         162,770  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          30,738  
    10   SHARED DISPOSITIVE POWER  
           
          162,770  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        193,508  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        9.8%  
  14   TYPE OF REPORTING PERSON  
         
        IN  

 

4 

CUSIP No. 45172K102

 

The following constitutes the Schedule 13D filed by the undersigned (the “Schedule 13D”).

 

Item 1.Security and Issuer.

 

This statement relates to the Common Stock, $0.10 par value (the “Shares”), of IKONICS Corporation, a Minnesota corporation (the “Issuer”). The address of the principal executive offices of the Issuer is 4832 Grand Avenue, Duluth, Minnesota 55807.

 

Item 2.Identity and Background.

 

(a)       This statement is filed by:

 

(i)Activist Investing LLC, a New York limited liability company (“Activist”);

 

(ii)Custodian Ventures LLC, a Wyoming limited liability company (“Custodian”); and

 

(iii)David Elliot Lazar, as the sole member and Chief Executive Officer of each of Activist and Custodian.

 

Each of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting Persons.” Each of the Reporting Persons is party to that certain Joint Filing Agreement, as further described in Item 6. Accordingly, the Reporting Persons are hereby filing a joint Schedule 13D.

 

(b)       The principal business address of each of Activist and Mr. Lazar is 1185 Avenue of the Americas, 3rd Floor, New York, New York 10036. The principal business address of Custodian is 3445 Lawrence Avenue, Oceanside, New York, 11572.

 

(c)       The principal business of each of Activist and Custodian is investing in securities and engaging in all related activities and transactions. The principal occupation of Mr. Lazar is serving as Chief Executive Officer of each of Activist and Custodian.

 

(d)       No Reporting Person has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

 

(e)       No Reporting Person has, during the last five years, been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

 

(f)       Mr. Lazar is a citizen of the United States of America.

 

Item 3.Source and Amount of Funds or Other Consideration.

 

The Shares purchased by each of Activist and Custodian were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases, except as otherwise noted. The aggregate purchase price of the 7,500 Shares directly beneficially owned by Activist is approximately $32,336, excluding brokerage commissions. The aggregate purchase price of the 162,770 Shares directly beneficially owned by Custodian is approximately $743,859, excluding brokerage commissions.

 

5 

CUSIP No. 45172K102

 

The Shares purchased by Mr. Lazar personally, including Shares held in a 401(k) Account and an IRA Account in Mr. Lazar’s name, which Mr. Lazar is deemed to beneficially own, were purchased with personal funds in the open market. The aggregate purchase price of the 30,738 Shares, including the 12,967 Shares held in a 401(k) Account and 2,771 Shares held in an IRA Account, directly beneficially owned by Mr. Lazar is approximately $136,813, excluding brokerage commissions.

 

Item 4.Purpose of Transaction.

 

The Reporting Persons purchased the Shares based on the Reporting Persons’ belief that the Shares, when purchased, were undervalued and represented an attractive investment opportunity. Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Shares at prices that would make the purchase or sale of Shares desirable, the Reporting Persons may endeavor to increase or decrease their position in the Issuer through, among other things, the purchase or sale of Shares on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Persons may deem advisable.

 

No Reporting Person has any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D except as set forth herein or such as would occur upon or in connection with completion of, or following, any of the actions discussed herein. The Reporting Persons intend to review their investment in the Issuer on a continuing basis. Depending on various factors including, without limitation, the Issuer’s financial position and investment strategy, the price levels of the Shares, conditions in the securities markets and general economic and industry conditions, the Reporting Persons may in the future take such actions with respect to their investment in the Issuer as they deem appropriate including, without limitation, engaging in communications with management and the Board of Directors of the Issuer, engaging in discussions with stockholders of the Issuer or other third parties about the Issuer and the Reporting Persons’ investment, including potential business combinations or dispositions involving the Issuer or certain of its businesses, making recommendations or proposals to the Issuer concerning changes to the capitalization, ownership structure, board structure (including board composition), potential business combinations or dispositions involving the Issuer or certain of its businesses, or suggestions for improving the Issuer’s financial and/or operational performance, purchasing additional Shares, selling some or all of their Shares, engaging in short selling of or any hedging or similar transaction with respect to the Shares, including swaps and other derivative instruments, or changing their intention with respect to any and all matters referred to in Item 4.

 

Item 5.Interest in Securities of the Issuer.

 

The aggregate percentage of Shares reported owned by each person named herein is based upon 1,976,354 Shares outstanding, which is the total number of Shares outstanding as of August 7, 2020, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 12, 2020.

 

A.Activist

 

(a)As of the close of business on November 2, 2020, Activist directly beneficially owned 7,500 Shares.

 

Percentage: Less than 1%

 

(b)1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 7,500
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 7,500

 

(c)The transactions in the Shares by Activist during the past sixty days are set forth in Schedule A and are incorporated herein by reference.

 

6 

CUSIP No. 45172K102

 

B.Custodian

 

(a)As of the close of business on November 2, 2020, Custodian directly beneficially owned 162,770 Shares.

 

Percentage: Approximately 8.2%

 

(b)1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 162,770
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 162,770

 

(c)The transactions in the Shares by Custodian during the past sixty days are set forth in Schedule A and are incorporated herein by reference.

 

C.Mr. Lazar

 

(a)As of the close of business on November 2, 2020, Mr. Lazar directly beneficially owned 30,738 Shares, including 12,967 Shares held in a 401(k) Account and 2,771 Shares held in an IRA Account in his name. Mr. Lazar, as the sole member and Chief Executive Officer of Custodian, may be deemed the beneficial owner of the 162,770 Shares owned by Custodian.

 

Percentage: Approximately 9.8%

 

(b)1. Sole power to vote or direct vote: 30,738
2. Shared power to vote or direct vote: 162,770
3. Sole power to dispose or direct the disposition: 30,738
4. Shared power to dispose or direct the disposition: 162,770

 

(c)The transactions in the Shares by Mr. Lazar and on behalf of Activist and Custodian during the past sixty days are set forth in Schedule A and are incorporated herein by reference.

 

The filing of this Schedule 13D shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer that he or it does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein that he or it does not directly own.

 

(d)No person other than the Reporting Persons is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the Shares.

 

(e)Not applicable.

 

7 

CUSIP No. 45172K102

 

Item 6.Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

 

On November 2, 2020, the Reporting Persons entered into a Joint Filing Agreement in which the Reporting Persons agreed to the joint filing on behalf of each of them of statements on Schedule 13D with respect to the securities of the Issuer to the extent required by applicable law. The Joint Filing Agreement is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

Other than as described herein, there are no contracts, arrangements, understandings or relationships among the Reporting Persons, or between the Reporting Persons and any other person, with respect to the securities of the Issuer.

 

Item 7.Material to be Filed as Exhibits.

 

99.1Joint Filing Agreement by and among Activist Investing LLC, Custodian Ventures LLC and David Elliot Lazar, dated November 2, 2020.

 

8 

CUSIP No. 45172K102

 

SIGNATURES

 

After reasonable inquiry and to the best of his knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: November 2, 2020

 

  ACTIVIST INVESTING LLC
   
  By:

/s/ David Elliot Lazar

    Name: David Elliot Lazar
    Title: Chief Executive Officer
       
  CUSTODIAN VENTURES LLC
   
  By:

/s/ David Elliot Lazar

     
    Name: David Elliot Lazar
    Title: Chief Executive Officer
       
  /s/ David Elliot Lazar
  David Elliot Lazar

 

9 

CUSIP No. 45172K102

 

SCHEDULE A

 

Transaction in the Shares During the Past Sixty Days

 

Nature of Transaction

Shares of Common Stock

Purchased/(Sold)

Price Per

Share($)

Date of

Purchase/Sale

       

Activist Investing LLC

 

Purchase of Common Stock 5,000 4.2432 10/27/2020
Purchase of Common Stock 2,500 4.4481 10/28/2020

 

Custodian Ventures LLC

 

Purchase of Common Stock 29 3.4000 09/03/2020
Purchase of Common Stock 100 3.4499 09/03/2020
Purchase of Common Stock 300 3.4499 09/03/2020
Purchase of Common Stock 100 3.4499 09/03/2020
Purchase of Common Stock 100 3.4499 09/03/2020
Purchase of Common Stock 4 3.4200 09/03/2020
Purchase of Common Stock 300 3.4499 09/03/2020
Purchase of Common Stock 100 3.4499 09/03/2020
Purchase of Common Stock 100 3.4499 09/03/2020
Purchase of Common Stock 300 3.4499 09/03/2020
Purchase of Common Stock 100 3.4499 09/03/2020
Purchase of Common Stock 200 3.4499 09/03/2020
Purchase of Common Stock 2,500 3.4500 09/03/2020
Purchase of Common Stock 100 3.4499 09/03/2020
Purchase of Common Stock 96 3.4499 09/03/2020
Purchase of Common Stock 100 3.4499 09/03/2020
Purchase of Common Stock 100 3.4500 09/03/2020
Purchase of Common Stock 500 3.4499 09/03/2020
Purchase of Common Stock 100 3.4499 09/03/2020
Purchase of Common Stock 100 3.4499 09/03/2020
Purchase of Common Stock 100 3.4499 09/03/2020
Purchase of Common Stock 200 3.4499 09/03/2020
Purchase of Common Stock 100 3.4499 09/03/2020
Purchase of Common Stock 100 3.4499 09/03/2020
Purchase of Common Stock 100 3.4499 09/03/2020
Purchase of Common Stock 100 3.4499 09/03/2020
Purchase of Common Stock 200 3.4425 09/03/2020
Purchase of Common Stock 200 3.4425 09/03/2020
Purchase of Common Stock 100 3.4425 09/03/2020
Purchase of Common Stock 100 3.4425 09/03/2020
Purchase of Common Stock 100 3.4425 09/03/2020
Purchase of Common Stock 100 3.4425 09/03/2020
Purchase of Common Stock 100 3.4425 09/03/2020

 

10 

CUSIP No. 45172K102

 

Purchase of Common Stock 100 3.4425 09/03/2020
Purchase of Common Stock 4,000 4.4899 09/03/2020
Purchase of Common Stock 5 3.8200 09/08/2020
Purchase of Common Stock 71 3.8400 09/08/2020
Purchase of Common Stock 100 3.8200 09/08/2020
Purchase of Common Stock 84 3.8400 09/08/2020
Purchase of Common Stock 200 3.8500 09/08/2020
Purchase of Common Stock 100 3.8300 09/08/2020
Purchase of Common Stock 770 3.8500 09/08/2020
Purchase of Common Stock 230 3.7700 09/08/2020
Purchase of Common Stock 592 3.8500 09/08/2020
Purchase of Common Stock 110 3.8500 09/08/2020
Purchase of Common Stock 738 3.8500 09/08/2020
Purchase of Common Stock 2,000 3.8326 09/08/2020
Purchase of Common Stock 100 3.8300 09/08/2020
Purchase of Common Stock 76 3.8300 09/08/2020
Purchase of Common Stock 20 3.8599 09/08/2020
Purchase of Common Stock 200 3.8599 09/08/2020
Purchase of Common Stock 40 3.8600 09/08/2020
Purchase of Common Stock 71 3.8600 09/08/2020
Purchase of Common Stock 100 3.9000 09/08/2020
Purchase of Common Stock 3 3.9000 09/08/2020
Purchase of Common Stock 85 3.9000 09/08/2020
Purchase of Common Stock 750 3.9000 09/08/2020
Purchase of Common Stock 22 3.9000 09/08/2020
Purchase of Common Stock 60 3.9000 09/08/2020
Purchase of Common Stock 151 3.9000 09/08/2020
Purchase of Common Stock 65 3.9000 09/08/2020
Purchase of Common Stock 125 3.9000 09/08/2020
Purchase of Common Stock 75 3.9000 09/08/2020
Purchase of Common Stock 19 3.9000 09/08/2020
Purchase of Common Stock 38 3.9000 09/08/2020
Purchase of Common Stock 100 3.7700 09/08/2020
Purchase of Common Stock 100 3.7800 09/08/2020
Purchase of Common Stock 100 3.7800 09/08/2020
Purchase of Common Stock 100 3.7800 09/08/2020
Purchase of Common Stock 100 3.7800 09/08/2020
Purchase of Common Stock 100 3.8000 09/08/2020
Purchase of Common Stock 2,400 3.8800 09/08/2020
Purchase of Common Stock 2,000 3.7599 09/08/2020
Purchase of Common Stock 100 3.7375 09/08/2020
Purchase of Common Stock 1,000 3.7375 09/08/2020
Purchase of Common Stock 300 3.6850 09/08/2020
Purchase of Common Stock 100 3.6850 09/08/2020
Purchase of Common Stock 100 3.6500 10/19/2020
Purchase of Common Stock 1,900 3.7000 10/19/2020

 

11 

CUSIP No. 45172K102

 

Purchase of Common Stock 761 3.6813 10/19/2020
Purchase of Common Stock 2,239 3.6813 10/19/2020
Purchase of Common Stock 1,600 3.7000 10/19/2020
Purchase of Common Stock 25 3.5700 10/19/2020
Purchase of Common Stock 1,275 3.7000 10/19/2020
Purchase of Common Stock 100 3.6000 10/19/2020
Purchase of Common Stock 3,000 3.6995 10/19/2020
Purchase of Common Stock 472 3.6415 10/19/2020
Purchase of Common Stock 200 3.6415 10/19/2020
Purchase of Common Stock 100 3.6415 10/19/2020
Purchase of Common Stock 201 3.6415 10/19/2020
Purchase of Common Stock 800 3.7100 10/19/2020
Purchase of Common Stock 100 3.6300 10/19/2020
Purchase of Common Stock 100 3.6100 10/19/2020
Purchase of Common Stock 100 3.6100 10/19/2020
Purchase of Common Stock 100 3.6300 10/19/2020
Purchase of Common Stock 27 3.6400 10/19/2020
Purchase of Common Stock 100 3.6200 10/19/2020
Purchase of Common Stock 100 3.6415 10/19/2020
Purchase of Common Stock 100 3.6300 10/19/2020
Purchase of Common Stock 3,000 3.6311 10/20/2020
Purchase of Common Stock 100 3.6500 10/20/2020
Purchase of Common Stock 100 3.6500 10/20/2020
Purchase of Common Stock 100 3.6500 10/20/2020
Purchase of Common Stock 2,400 3.7100 10/20/2020
Purchase of Common Stock 100 3.6500 10/20/2020
Purchase of Common Stock 200 3.6500 10/20/2020
Purchase of Common Stock 3,000 3.6899 10/20/2020
Purchase of Common Stock 2,000 3.7996 10/20/2020
Purchase of Common Stock 974 3.8500 10/20/2020
Purchase of Common Stock 10 3.8500 10/20/2020
Purchase of Common Stock 300 3.8500 10/20/2020
Purchase of Common Stock 100 3.8500 10/20/2020
Purchase of Common Stock 200 3.8500 10/20/2020
Purchase of Common Stock 66 3.8500 10/20/2020
Purchase of Common Stock 3,000 3.8798 10/21/2020
Purchase of Common Stock 200 3.8348 10/21/2020
Purchase of Common Stock 100 3.8347 10/21/2020
Purchase of Common Stock 200 3.8347 10/21/2020
Purchase of Common Stock 200 3.8347 10/21/2020
Purchase of Common Stock 100 3.8100 10/21/2020
Purchase of Common Stock 100 3.8100 10/21/2020
Purchase of Common Stock 100 3.8347 10/21/2020
Purchase of Common Stock 175 3.8100 10/21/2020
Purchase of Common Stock 200 3.8347 10/21/2020
Purchase of Common Stock 100 3.8347 10/21/2020

 

12 

CUSIP No. 45172K102

 

Purchase of Common Stock 125 3.8347 10/21/2020
Purchase of Common Stock 100 3.8347 10/21/2020
Purchase of Common Stock 100 3.8100 10/21/2020
Purchase of Common Stock 60 3.8347 10/21/2020
Purchase of Common Stock 72 3.8347 10/21/2020
Purchase of Common Stock 400 3.7550 10/21/2020
Purchase of Common Stock 500 3.9000 10/21/2020
Purchase of Common Stock 100 3.9000 10/21/2020
Purchase of Common Stock 68 3.7900 10/21/2020
Purchase of Common Stock 2,700 3.9000 10/21/2020
Purchase of Common Stock 300 3.7700 10/21/2020
Purchase of Common Stock 3,000 3.8703 10/21/2020
Purchase of Common Stock 3,000 3.8659 10/21/2020
Purchase of Common Stock 300 3.8347 10/21/2020
Purchase of Common Stock 100 3.8347 10/21/2020
Purchase of Common Stock 300 3.8347 10/21/2020
Purchase of Common Stock 100 3.8347 10/21/2020
Purchase of Common Stock 100 3.8347 10/21/2020
Purchase of Common Stock 1 3.8347 10/21/2020
Purchase of Common Stock 685 4.1000 10/22/2020
Purchase of Common Stock 100 4.1200 10/22/2020
Purchase of Common Stock 100 4.1400 10/22/2020
Purchase of Common Stock 2,115 4.1404 10/22/2020
Purchase of Common Stock 1,300 4.1350 10/22/2020
Purchase of Common Stock 1,700 4.1500 10/22/2020
Purchase of Common Stock 200 4.1200 10/22/2020
Purchase of Common Stock 100 4.1200 10/22/2020
Purchase of Common Stock 100 4.1200 10/22/2020
Purchase of Common Stock 100 4.1200 10/22/2020
Purchase of Common Stock 1,500 4.1400 10/22/2020
Purchase of Common Stock 70 4.1400 10/22/2020
Purchase of Common Stock 100 4.1400 10/22/2020
Purchase of Common Stock 2,700 4.1500 10/22/2020
Purchase of Common Stock 70 4.1300 10/22/2020
Purchase of Common Stock 30 4.1300 10/22/2020
Purchase of Common Stock 30 4.1300 10/22/2020
Purchase of Common Stock 5 4.1800 10/22/2020
Purchase of Common Stock 5 4.1800 10/22/2020
Purchase of Common Stock 100 4.1900 10/22/2020
Purchase of Common Stock 5 4.2000 10/22/2020
Purchase of Common Stock 100 4.2000 10/22/2020
Purchase of Common Stock 2,585 4.2000 10/22/2020
Purchase of Common Stock 95 4.1900 10/22/2020
Purchase of Common Stock 5 4.1800 10/22/2020
Purchase of Common Stock 100 4.1900 10/22/2020
Purchase of Common Stock 5,921 4.4800 10/22/2020

 

13 

CUSIP No. 45172K102

 

Purchase of Common Stock 7 4.3300 10/22/2020
Purchase of Common Stock 200 4.3800 10/22/2020
Purchase of Common Stock 100 4.3300 10/22/2020
Purchase of Common Stock 100 4.3900 10/22/2020
Purchase of Common Stock 3 4.4500 10/22/2020
Purchase of Common Stock 100 4.3800 10/22/2020
Purchase of Common Stock 500 4.3300 10/22/2020
Purchase of Common Stock 100 4.4000 10/22/2020
Purchase of Common Stock 200 4.3800 10/22/2020
Purchase of Common Stock 100 4.3900 10/22/2020
Purchase of Common Stock 1 4.3300 10/22/2020
Purchase of Common Stock 1,000 4.4000 10/22/2020
Purchase of Common Stock 200 4.3800 10/22/2020
Purchase of Common Stock 10 4.3400 10/22/2020
Purchase of Common Stock 4,000 4.4000 10/22/2020
Purchase of Common Stock 100 4.3800 10/22/2020
Purchase of Common Stock 100 4.3700 10/22/2020
Purchase of Common Stock 100 4.4000 10/22/2020
Purchase of Common Stock 45 4.3300 10/22/2020
Purchase of Common Stock 5 4.2800 10/22/2020
Purchase of Common Stock 300 4.3900 10/22/2020
Purchase of Common Stock 2 4.3700 10/22/2020
Purchase of Common Stock 100 4.4000 10/22/2020
Purchase of Common Stock 197 4.4500 10/22/2020
Purchase of Common Stock 10 4.2900 10/22/2020
Purchase of Common Stock 2 4.3900 10/22/2020
Purchase of Common Stock 5 4.3300 10/22/2020
Purchase of Common Stock 100 4.4000 10/22/2020
Purchase of Common Stock 1,300 4.3200 10/22/2020
Purchase of Common Stock 1,300 4.2800 10/22/2020
Purchase of Common Stock 200 4.3800 10/22/2020
Purchase of Common Stock 200 4.3300 10/22/2020
Purchase of Common Stock 10 4.3900 10/22/2020
Purchase of Common Stock 200 4.2800 10/22/2020
Purchase of Common Stock 394 4.4500 10/22/2020
Purchase of Common Stock 200 4.3800 10/22/2020
Purchase of Common Stock 100 4.3300 10/22/2020
Purchase of Common Stock 1,800 4.4800 10/22/2020
Purchase of Common Stock 388 4.4500 10/22/2020
Purchase of Common Stock 100 4.3800 10/22/2020
Purchase of Common Stock 200 4.3300 10/22/2020
Purchase of Common Stock 100 4.4800 10/22/2020
Purchase of Common Stock 100 4.4800 10/22/2020
Purchase of Common Stock 9,800 4.4900 10/22/2020
Purchase of Common Stock 295 4.5000 10/22/2020
Purchase of Common Stock 483 4.5000 10/22/2020

 

14 

CUSIP No. 45172K102

 

Purchase of Common Stock 2,222 4.5000 10/22/2020
Purchase of Common Stock 200 4.5000 10/22/2020
Purchase of Common Stock 1,600 4.5000 10/22/2020
Purchase of Common Stock 100 4.5000 10/22/2020
Purchase of Common Stock 200 4.5000 10/22/2020
Purchase of Common Stock 100 4.4900 10/22/2020
Purchase of Common Stock 15 4.5000 10/22/2020
Purchase of Common Stock 100 4.4900 10/22/2020
Purchase of Common Stock 100 4.5000 10/22/2020
Purchase of Common Stock 45 4.5000 10/22/2020
Purchase of Common Stock 100 4.4900 10/22/2020
Purchase of Common Stock 100 4.4500 10/22/2020
Purchase of Common Stock 100 4.0052 10/26/2020
Purchase of Common Stock 30 4.0052 10/26/2020
Purchase of Common Stock 200 3.9750 10/26/2020
Purchase of Common Stock 100 4.0052 10/26/2020
Purchase of Common Stock 70 4.0052 10/26/2020
Purchase of Common Stock 100 4.0052 10/26/2020
Purchase of Common Stock 100 4.0052 10/26/2020
Purchase of Common Stock 30 4.0052 10/26/2020
Purchase of Common Stock 70 4.0052 10/26/2020
Purchase of Common Stock 2,500 4.0300 10/26/2020
Purchase of Common Stock 70 4.0052 10/26/2020
Purchase of Common Stock 600 3.9750 10/26/2020
Purchase of Common Stock 30 4.0052 10/26/2020
Purchase of Common Stock 30 4.0052 10/26/2020
Purchase of Common Stock 100 4.0052 10/26/2020
Purchase of Common Stock 100 4.0052 10/26/2020
Purchase of Common Stock 70 4.0052 10/26/2020
Purchase of Common Stock 100 4.0052 10/26/2020
Purchase of Common Stock 30 4.0052 10/26/2020
Purchase of Common Stock 100 4.0052 10/26/2020
Purchase of Common Stock 100 4.0052 10/26/2020
Purchase of Common Stock 100 4.0052 10/26/2020
Purchase of Common Stock 100 4.0052 10/26/2020
Purchase of Common Stock 70 4.0052 10/26/2020
Purchase of Common Stock 100 3.9750 10/26/2020
Purchase of Common Stock 7,000 4.1300 10/26/2020
Purchase of Common Stock 3,000 4.1300 10/27/2020
Purchase of Common Stock 300 4.1500 10/27/2020
Purchase of Common Stock 100 4.1600 10/27/2020
Purchase of Common Stock 100 4.1200 10/27/2020
Purchase of Common Stock 900 4.1600 10/27/2020
Purchase of Common Stock 67 4.0900 10/27/2020
Purchase of Common Stock 200 4.2500 10/27/2020
Purchase of Common Stock 100 4.1300 10/27/2020

 

15 

CUSIP No. 45172K102

 

Purchase of Common Stock 100 4.2500 10/27/2020
Purchase of Common Stock 200 4.1200 10/27/2020
Purchase of Common Stock 100 4.2500 10/27/2020
Purchase of Common Stock 100 4.1300 10/27/2020
Purchase of Common Stock 100 4.1400 10/27/2020
Purchase of Common Stock 100 4.1400 10/27/2020
Purchase of Common Stock 500 4.1400 10/27/2020
Purchase of Common Stock 400 4.4000 10/27/2020
Purchase of Common Stock 100 4.4400 10/27/2020
Purchase of Common Stock 3,200 4.4500 10/27/2020
Purchase of Common Stock 3,233 4.4500 10/27/2020
Purchase of Common Stock 100 4.4100 10/27/2020
Purchase of Common Stock 235 4.7460 10/29/2020
Purchase of Common Stock 1,806 4.7460 10/29/2020
Purchase of Common Stock 2,959 4.7200 10/29/2020
Purchase of Common Stock 10 4.9600 10/29/2020
Purchase of Common Stock 32 4.9700 10/29/2020
Purchase of Common Stock 700 4.7800 10/29/2020
Purchase of Common Stock 3,800 4.7800 10/29/2020
Purchase of Common Stock 30 4.8900 10/29/2020
Purchase of Common Stock 50 4.9500 10/29/2020
Purchase of Common Stock 100 4.9460 10/29/2020
Purchase of Common Stock 100 4.9484 10/29/2020
Purchase of Common Stock 22 4.9400 10/29/2020
Purchase of Common Stock 22 4.9400 10/29/2020
Purchase of Common Stock 134 4.9220 10/29/2020
Purchase of Common Stock 5,000 4.7365 10/29/2020
Purchase of Common Stock 100 4.7600 10/29/2020
Purchase of Common Stock 100 4.7599 10/29/2020
Purchase of Common Stock 500 4.7600 10/29/2020
Purchase of Common Stock 100 4.7599 10/29/2020
Purchase of Common Stock 1,800 4.8800 10/29/2020
Purchase of Common Stock 100 4.7599 10/29/2020
Purchase of Common Stock 100 4.7599 10/29/2020
Purchase of Common Stock 42 4.7600 10/29/2020
Purchase of Common Stock 100 4.7599 10/29/2020
Purchase of Common Stock 100 4.7599 10/29/2020
Purchase of Common Stock 100 4.7599 10/29/2020
Purchase of Common Stock 100 4.7599 10/29/2020
Purchase of Common Stock 100 4.7599 10/29/2020
Purchase of Common Stock 100 4.7599 10/29/2020
Purchase of Common Stock 100 4.7599 10/29/2020
Purchase of Common Stock 100 4.7600 10/29/2020
Purchase of Common Stock 100 4.7599 10/29/2020
Purchase of Common Stock 79 4.7600 10/29/2020
Purchase of Common Stock 79 4.7600 10/29/2020

 

16 

CUSIP No. 45172K102

 

Purchase of Common Stock 60 5.3400 10/29/2020
Purchase of Common Stock 2,080 5.3931 10/29/2020
Purchase of Common Stock 100 5.3931 10/29/2020
Purchase of Common Stock 10 5.3400 10/29/2020
Purchase of Common Stock 20 5.3400 10/29/2020
Purchase of Common Stock 40 5.3400 10/29/2020
Purchase of Common Stock 80 5.3400 10/29/2020
Purchase of Common Stock 60 5.3400 10/29/2020
Purchase of Common Stock 20 5.3400 10/29/2020
Purchase of Common Stock 40 5.3400 10/29/2020
Purchase of Common Stock 80 5.3400 10/29/2020

 

David Elliot Lazar

 

Purchase of Common Stock 100 4.0717 10/27/2020
Purchase of Common Stock 200 4.0717 10/27/2020
Purchase of Common Stock 100 4.0717 10/27/2020
Purchase of Common Stock 100 4.0717 10/27/2020
Purchase of Common Stock 100 4.0717 10/27/2020
Purchase of Common Stock 100 4.0717 10/27/2020
Purchase of Common Stock 100 4.0717 10/27/2020
Purchase of Common Stock 100 4.0717 10/27/2020
Purchase of Common Stock 100 4.0717 10/27/2020
Purchase of Common Stock 100 4.0717 10/27/2020
Purchase of Common Stock 100 4.0717 10/27/2020
Purchase of Common Stock 100 4.0717 10/27/2020
Purchase of Common Stock 100 4.0717 10/27/2020
Purchase of Common Stock 44 4.0717 10/27/2020
Purchase of Common Stock 100 4.0717 10/27/2020
Purchase of Common Stock 100 4.0717 10/27/2020
Purchase of Common Stock 100 4.0717 10/27/2020
Purchase of Common Stock 100 4.0717 10/27/2020
Purchase of Common Stock 100 4.0717 10/27/2020
Purchase of Common Stock 100 4.0717 10/27/2020
Purchase of Common Stock 100 4.0717 10/27/2020
Purchase of Common Stock 100 4.0717 10/27/2020
Purchase of Common Stock 100 4.0717 10/27/2020
Purchase of Common Stock 100 4.0717 10/27/2020
Purchase of Common Stock 100 4.0717 10/27/2020
Purchase of Common Stock 100 4.0717 10/27/2020
Purchase of Common Stock 100 4.0717 10/27/2020
Purchase of Common Stock 100 4.0717 10/27/2020
Purchase of Common Stock 100 4.0717 10/27/2020
Purchase of Common Stock 100 4.0717 10/27/2020
Purchase of Common Stock 1,332 4.2500 10/27/2020
Purchase of Common Stock 200 4.2500 10/27/2020
Purchase of Common Stock 424 4.2500 10/27/2020
Purchase of Common Stock 4,700 4.2800 10/27/2020
Purchase of Common Stock 100 4.1200 10/27/2020

 

17 

CUSIP No. 45172K102

 

Purchase of Common Stock 17 4.1200 10/27/2020
Purchase of Common Stock 100 4.1600 10/27/2020
Purchase of Common Stock 83 4.2400 10/27/2020
Purchase of Common Stock 100 4.2900 10/27/2020
Purchase of Common Stock 100 4.2900 10/27/2020
Purchase of Common Stock 100 4.3100 10/27/2020
Purchase of Common Stock 96 4.1200 10/27/2020
Purchase of Common Stock 200 4.3100 10/27/2020
Purchase of Common Stock 300 4.2900 10/27/2020
Purchase of Common Stock 100 4.3200 10/27/2020
Purchase of Common Stock 17 4.2400 10/27/2020
Purchase of Common Stock 2,625 4.3200 10/27/2020
Purchase of Common Stock 500 4.2500 10/27/2020
Purchase of Common Stock 400 4.2700 10/27/2020
Purchase of Common Stock 400 4.2500 10/27/2020
Purchase of Common Stock 62 4.2500 10/27/2020
Purchase of Common Stock 100 4.4400 10/27/2020
Purchase of Common Stock 10 4.5000 10/27/2020
Purchase of Common Stock 25 4.4400 10/27/2020
Purchase of Common Stock 55 4.4400 10/27/2020
Purchase of Common Stock 65 4.4400 10/27/2020
Purchase of Common Stock 159 4.4500 10/27/2020
Purchase of Common Stock 116 4.1560 10/27/2020
Purchase of Common Stock 400 4.1560 10/27/2020
Purchase of Common Stock 200 4.1560 10/27/2020
Purchase of Common Stock 200 4.1560 10/27/2020
Purchase of Common Stock 100 4.1560 10/27/2020
Purchase of Common Stock 13 4.1560 10/27/2020
Purchase of Common Stock 100 4.1560 10/27/2020
Purchase of Common Stock 100 4.1560 10/27/2020
Purchase of Common Stock 100 4.1560 10/27/2020
Purchase of Common Stock 100 4.1560 10/27/2020
Purchase of Common Stock 100 4.1560 10/27/2020
Purchase of Common Stock 100 4.1560 10/27/2020
Purchase of Common Stock 92 4.1200 10/27/2020
Purchase of Common Stock 100 4.1560 10/27/2020
Purchase of Common Stock 100 4.1560 10/27/2020
Purchase of Common Stock 100 4.1560 10/27/2020
Purchase of Common Stock 300 4.1560 10/27/2020
Purchase of Common Stock 657 4.3200 10/27/2020
Purchase of Common Stock 1,368 4.3200 10/27/2020
Purchase of Common Stock 654 4.3200 10/28/2020
Purchase of Common Stock 96 4.3100 10/28/2020
Purchase of Common Stock 377 4.3100 10/28/2020
Purchase of Common Stock 1,900 4.4500 10/28/2020
Purchase of Common Stock 460 4.4400 10/28/2020
Purchase of Common Stock 60 4.4500 10/28/2020
Purchase of Common Stock 80 4.4500 10/28/2020
Purchase of Common Stock 2,950 4.9560 10/29/2020

 

18 

CUSIP No. 45172K102

 

Purchase of Common Stock 1,300 4.9560 10/29/2020
Purchase of Common Stock 100 4.9372 10/29/2020
Purchase of Common Stock 230 4.9372 10/29/2020
Purchase of Common Stock 1 5.0000 10/29/2020
Purchase of Common Stock 100 5.0800 10/29/2020
Purchase of Common Stock 100 5.2400 10/29/2020
Purchase of Common Stock 100 5.2400 10/29/2020
Purchase of Common Stock 700 5.2400 10/29/2020
Purchase of Common Stock 80 5.2400 10/29/2020
Purchase of Common Stock 400 5.2400 10/29/2020
Purchase of Common Stock 100 5.2400 10/29/2020
Purchase of Common Stock 1,190 5.2400 10/29/2020

 

19