TRUG · TruGolf Holdings, Inc.
Substantial doubt about the company's ability to continue as a going concern.
“The accompanying unaudited condensed consolidated financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern.”View the 10-Q filed Aug 14, 2026
Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 4 and 5. Form 3 supplies initial ownership rather than a trade; Form 4 must be filed within two business days of the trade.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2025-07-14 | POLANEN HUMPHREY P |
Director |
Sell↓
|
Common Stock
|
2,500 |
| 2025-04-21 | Johnson Steve Rolfe |
Chief Hardware Officer, 10% Owner |
Award↑
Filing footnotes — Class A Common Stock (Direct)
The shares of Class A and Class B common stock were acquired through a conversion of the promissory note payable by the Issuer to the Reporting Person at a per share price of $0.31204. |
Class A Common Stock
|
870,116 |
| 2025-04-21 | Jones Christopher Jon |
Director, Chief Executive Officer, 10% Owner |
Award↑
Filing footnotes — Class B Common Stock (Direct)
The shares of Class A and Class B common stock were acquired through a conversion of the promissory note payable by the Issuer to the Reporting Person at a per share price of $0.31204. |
Class B Common Stock
|
4,184,342 |
| 2025-04-21 | Jones Christopher Jon |
Director, Chief Executive Officer, 10% Owner |
Award↑
Filing footnotes — Class A Common Stock (Direct)
The shares of Class A and Class B common stock were acquired through a conversion of the promissory note payable by the Issuer to the Reporting Person at a per share price of $0.31204. |
Class A Common Stock
|
1,812,417 |
| 2025-04-21 | Johnson Steve Rolfe |
Chief Hardware Officer, 10% Owner |
Award↑
Filing footnotes — Class B Common Stock (Direct)
The shares of Class A and Class B common stock were acquired through a conversion of the promissory note payable by the Issuer to the Reporting Person at a per share price of $0.31204. |
Class B Common Stock
|
2,008,843 |
| 2023-10-31 | Bright Vision Sponsor LLC |
10% Owner |
Other↓
Filing footnotes — Class A Common Stock (Direct)
Pursuant to certain redemption agreement between Bright Vision Sponsor LLC (the "Sponsor") and certain holder of a portion of the Sponsor's membership interests (the "Interest Holder"), shares of Class A common stock of the registrant, converted by the shares of Class B common stock of the registrant (the "Founder Shares") at the Sponsor's election, were transferred by the Sponsor to the Interest Holder, in consideration for the redemption of the Interest Holder's membership interest of the Sponsor, entitling the Interest Holder to receive such shares of Class A common stock Consists of (1) 2,614,089 shares of Class A common stock that were issued upon the conversion of the Founder Shares and (2) 257,869 shares of Class A common stock included in an equal number of the private placement units purchased by the Sponsor in a private placement that occurred simultaneously with the completion of the Registrant's initial public offering. |
Class A Common Stock
|
150,000 |
| 2022-04-27 | Razmi Ronald M. |
Director |
Other↑
Filing footnotes — Class B Common Stock (Direct)
As described in the registrant's registration statement on Form S-1 (File No. 333-259500) under the heading "Description of Securities - Founder Shares", the shares of Class B common stock will automatically convert into shares of Class A common stock at the time of the registrant's initial business combination, or earlier at the option of the holder, on a one-for-one basis subject to certain adjustments and have no expiration date. Pursuant to certain redemption agreement between Bright Vision Sponsor LLC (the "Sponsor") and Ronald M. Razmi, a member of the Sponsor, shares of Class B common stock of the registrants were transferred by the Sponsor to Mr. Razmi in consideration for the redemption of such membership interest of the Sponsor entitling Mr. Razmi to receive such securities. |
Class B Common Stock
|
50,000 |
| 2022-04-27 | Bright Vision Sponsor LLC |
10% Owner |
Other↓
Filing footnotes — Class B Common Stock (Direct)
As described in the registrant's registration statement on Form S-1 (File No. 333-259500) under the heading "Description of Securities - Founder Shares", the shares of Class B common stock will automatically convert into shares of Class A common stock at the time of the registrant's initial business combination, or earlier at the option of the holder, on a one-for-one basis subject to certain adjustments and have no expiration date. Pursuant to certain redemption agreements between Bright Vision Sponsor LLC (the "Sponsor") and certain members of the Sponsor, shares of Class B common stock of the registrants and shares of Class A common stock underlying the private placement units of the registrant were transferred by the Sponsor to the members named therein in consideration for the redemption of such membership interest of the Sponsor entitling the members to receive such securities. |
Class B Common Stock
|
398,411 |
| 2022-04-27 | Bright Vision Sponsor LLC |
10% Owner |
Other↓
Filing footnotes — Class A Common Stock (Direct)
Pursuant to certain redemption agreements between Bright Vision Sponsor LLC (the "Sponsor") and certain members of the Sponsor, shares of Class B common stock of the registrants and shares of Class A common stock underlying the private placement units of the registrant were transferred by the Sponsor to the members named therein in consideration for the redemption of such membership interest of the Sponsor entitling the members to receive such securities. |
Class A Common Stock
|
148,631 |
| 2022-04-27 | POLANEN HUMPHREY P |
Director |
Other↑
Filing footnotes — Class B Common Stock (Indirect)
As described in the registrant's registration statement on Form S-1 (File No. 333-259500) under the heading "Description of Securities - Founder Shares", the shares of Class B common stock will automatically convert into shares of Class A common stock at the time of the registrant's initial business combination, or earlier at the option of the holder, on a one-for-one basis subject to certain adjustments and have no expiration date. Pursuant to certain redemption agreement between Bright Vision Sponsor LLC (the "Sponsor") and Polanen and Nicodimos Family Trust (the "Trust"), a member of the Sponsor, shares of Class B common stock of the registrants were transferred by the Sponsor to the Trust in consideration for the redemption of such membership interest of the Sponsor entitling the Trust to receive such securities. Humphrey P. Polanen is the trustee. By virtue of the relationship, Mr. Polanen may be deemed to have or share beneficial ownership of the securities held of record by the Trust. Mr. Polanen disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly. |
Class B Common Stock
(I)
|
25,000 |
| 2021-10-29 | Bright Vision Sponsor LLC |
10% Owner |
Other↑
Filing footnotes — Class A Common Stock (Direct)
Consists of 406,500 private placement units purchased by Bright Vision Sponsor LLC ("Sponsor") for $10.00 per unit in a private placement transaction with the Issuer. Each such unit consists of one share of Class A common stock and one right to receive one-tenth (1/10) of one share of Class A common stock upon the consummation of the Issuer's initial business combination. Sponsor is the record holder of the securities reported herein. Mr. Ke Li is the managing member of the Sponsor and may be deemed the beneficial owner of the shares held by the Sponsor. Mr. Ke Li disclaims beneficial ownership over any securities in which he does not have a pecuniary interest. |
Class A Common Stock
|
406,500 |