SEC Form SC 13D/A filed by Edible Garden AG Incorporated (Amendment)
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)1
Edible Garden AG Incorporated
(Name of Issuer)
Common Stock, par value $0.0001 per share
(Title of Class of Securities)
28059P204
(CUSIP Number)
MARK S. HOWELLS
ZELLA TRIBE LIMITED PARTNERSHIP
23350 N. Pima Rd.
Scottsdale, Arizona 85255
(602) 230-2014
ELIZABETH GONZALEZ-SUSSMAN, ESQ.
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)
June 21, 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.
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. 28059P204
1 | NAME OF REPORTING PERSON | ||||||||||||||||||
Zella Tribe Limited Partnership | |||||||||||||||||||
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 | ||||||||||||||||||
Arizona | |||||||||||||||||||
NUMBER OF | 7 | SOLE VOTING POWER | |||||||||||||||||
SHARES | |||||||||||||||||||
BENEFICIALLY | - 0 - | ||||||||||||||||||
OWNED BY | 8 | SHARED VOTING POWER | |||||||||||||||||
EACH | |||||||||||||||||||
REPORTING | - 0 - | ||||||||||||||||||
PERSON WITH | 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 | ||||||||||||||||||
PN |
2 |
CUSIP No. 28059P204
1 | NAME OF REPORTING PERSON | ||||||||||||||||||
Howells Family Holdings, LLC | |||||||||||||||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☐ | |||||||||||||||||
(b) ☐ | |||||||||||||||||||
3 | SEC USE ONLY | ||||||||||||||||||
4 | SOURCE OF FUNDS | ||||||||||||||||||
AF | |||||||||||||||||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ☐ | |||||||||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||||||||||
Arizona | |||||||||||||||||||
NUMBER OF | 7 | SOLE VOTING POWER | |||||||||||||||||
SHARES | |||||||||||||||||||
BENEFICIALLY | - 0 - | ||||||||||||||||||
OWNED BY | 8 | SHARED VOTING POWER | |||||||||||||||||
EACH | |||||||||||||||||||
REPORTING | - 0 - | ||||||||||||||||||
PERSON WITH | 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 | ||||||||||||||||||
OO |
3 |
CUSIP No. 28059P204
1 | NAME OF REPORTING PERSON | ||||||||||||||||||
Mark S. Howells | |||||||||||||||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☐ | |||||||||||||||||
(b) ☐ | |||||||||||||||||||
3 | SEC USE ONLY | ||||||||||||||||||
4 | SOURCE OF FUNDS | ||||||||||||||||||
AF | |||||||||||||||||||
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 | - 0 - | ||||||||||||||||||
OWNED BY | 8 | SHARED VOTING POWER | |||||||||||||||||
EACH | |||||||||||||||||||
REPORTING | - 0 - | ||||||||||||||||||
PERSON WITH | 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 |
4 |
CUSIP No. 28059P204
Explanatory Note: The following constitutes Amendment No. 1 to the Schedule 13D filed by the undersigned (the “Amendment No. 1”). This Amendment No. 1 combines multiple amendments to the Schedule 13D, which the Reporting Persons inadvertently failed to file when required, including a greater than 1% change in percentage ownership of the Issuer’s Shares as of June 21, 2023, July 10, 2023, July 31, 2023 and August 10, 2023.
Item 3. | Source and Amount of Funds or Other Consideration. |
Item 3 is hereby amended and restated to read as follows:
The securities of the Issuer purchased by Zella Tribe 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 in Schedule A, which is incorporated herein by reference. The aggregate purchase price of the 275,000 Shares owned directly by Zella Tribe prior to the sale of its entire position on August 10, 2023, was approximately $441,727, including brokerage commissions.
Item 5. | Interest in Securities of the Issuer. |
Items 5 (a)-(c) and (e) are hereby amended and restated to read as follows:
The aggregate percentage of Shares reported owned by each person named herein is based upon 2,827,082 Shares outstanding as of August 10, 2023 as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 10, 2023.
(a) | As of the close of business on August 17, 2023, none of the Reporting Persons beneficially own any Shares. |
Percentage: 0%
(b) | 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 0 |
(c) | The transactions in the Shares by the Reporting Persons since the filing of the Schedule 13D are set forth in Schedule A and are incorporated herein by reference. |
(e) | The Reporting Persons ceased to be the beneficial owners of more than 5% of the Shares of the Issuer as of August 10, 2023. |
5 |
CUSIP No. 28059P204
SIGNATURES
After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
Dated: August 18, 2023
Zella Tribe Limited Partnership | |||
By: | Howells Family Holdings, LLC | ||
General Partner | |||
By: |
/s/ Mark S. Howells | ||
Name: | Mark S. Howells | ||
Title: | Managing Member |
Howells Family Holdings, LLC | |||
By: |
/s/ Mark S. Howells | ||
Name: | Mark S. Howells | ||
Title: | Managing Member |
/s/ Mark S. Howells | |
Mark S. Howells |
6 |
CUSIP No. 28059P204
SCHEDULE A
Transactions in the Shares Since the Filing of the Schedule 13D
Nature of the Transaction | Amount of Securities Purchased / (Sold) |
Price ($) | Date of Purchase / Sale |
ZELLA TRIBE LIMITED PARTNERSHIP
Purchase of Common Stock | 2,663 | 1.7100 | 05/02/2023 |
Purchase of Common Stock | 1,829 | 1.5633 | 05/03/2023 |
Purchase of Common Stock | 10,300 | 1.6485 | 05/05/2023 |
Purchase of Common Stock | 1,642 | 1.6841 | 05/08/2023 |
Purchase of Common Stock | 3,566 | 1.7474 | 05/11/2023 |
Sale of Common Stock | (3,000) | 1.7904 | 05/11/2023 |
Purchase of Common Stock | 3,000 | 1.7200 | 05/12/2023 |
Sale of Common Stock | (517) | 1.7002 | 05/17/2023 |
Purchase of Common Stock | 170 | 1.6000 | 05/19/2023 |
Purchase of Common Stock | 5,347 | 1.6300 | 05/22/2023 |
Purchase of Common Stock | 2,000 | 1.5050 | 06/13/2023 |
Purchase of Common Stock | 960 | 1.4700 | 06/14/2023 |
Purchase of Common Stock | 2,040 | 1.4726 | 06/15/2023 |
Purchase of Common Stock | 917 | 1.3800 | 06/16/2023 |
Purchase of Common Stock | 11,000 | 1.2427 | 06/20/2023 |
Purchase of Common Stock | 13,083 | 1.1962 | 06/21/2023 |
Purchase of Common Stock | 3,000 | 1.3400 | 06/22/2023 |
Purchase of Common Stock | 4,182 | 1.2500 | 06/28/2023 |
Purchase of Common Stock | 9,359 | 1.2100 | 06/29/2023 |
Purchase of Common Stock | 8,469 | 1.2531 | 06/30/2023 |
Purchase of Common Stock | 3,245 | 1.2684 | 07/05/2023 |
Purchase of Common Stock | 6,772 | 1.2153 | 07/06/2023 |
Purchase of Common Stock | 1,611 | 1.2000 | 07/10/2023 |
Purchase of Common Stock | 3,364 | 1.2288 | 07/12/2023 |
Purchase of Common Stock | 200 | 1.2700 | 07/13/2023 |
Purchase of Common Stock | 1,298 | 1.2453 | 07/17/2023 |
Purchase of Common Stock | 1,586 | 1.2268 | 07/18/2023 |
Purchase of Common Stock | 1,914 | 1.4600 | 07/19/2023 |
Purchase of Common Stock | 4,000 | 1.2250 | 07/20/2023 |
Purchase of Common Stock | 3,000 | 1.2395 | 07/24/2023 |
Purchase of Common Stock | 1,000 | 1.2800 | 07/25/2023 |
Purchase of Common Stock | 9,887 | 1.2551 | 07/27/2023 |
Purchase of Common Stock | 2,213 | 1.2191 | 07/28/2023 |
Purchase of Common Stock | 100 | 1.2400 | 07/31/2023 |
Purchase of Common Stock | 4,291 | 1.2158 | 08/01/2023 |
Purchase of Common Stock | 509 | 1.2500 | 08/02/2023 |
Sale of Common Stock | (275,000) | 1.9213 | 08/10/2023 |