Other Events ·
BS1 Fund converts 1.76M Class B shares to Class A, eliminating its control and ending super-voting rights
VSTDVestand Inc.
On June 23, 2026, BS1 Fund converted its 1,760,000 shares of Class B Common Stock into Class A Common Stock, triggering the automatic conversion of all remaining outstanding Class B shares. This event reduced BS1 Fund's beneficial ownership to less than 25% and eliminated its control over a majority of voting power. Consequently, all former Class B shareholders now hold Class A shares with one vote per share, down from ten votes previously. Vestand Inc. operates in the technology sector.