The activist's stake remains large but static at 29.9% with no new demands. Monitor for any future 13D amendments that signal escalation, such as board representation demands or strategic review requests, especially given the recent CEO compensation formalization.
Price Chart
Executive Summary
Jason Christopher Dorsett filed an amended Schedule 13D disclosing beneficial ownership of 4,193,028 shares of RTB Digital, Inc. common stock, representing 29.9% of the outstanding shares. The stake was acquired for investment purposes with personal funds, and no new demands or changes in purpose were stated. This filing updates a prior 13D from June 2026 and follows a recent CEO employment agreement formalization, suggesting the activist is maintaining a large passive position without escalation.
Key Financial Metrics
Key Facts
- Jason Christopher Dorsett beneficially owns 4,193,028 shares of RTB Digital common stock, representing 29.9% of outstanding shares.
- The shares were acquired with personal funds for investment purposes.
- No changes in purpose, demands, or intentions were stated in this amendment.
- This filing updates a prior Schedule 13D filed June 26, 2026, and follows a recent CEO employment agreement (8-K filed September 16, 2026).
Financial Impact
29.9% stake valued at approximately $4.2 million based on share count; no transaction value disclosed.
Risk Factors
- Potential for activist escalation if the company's financial performance (per the 10-K) does not improve.
- Large concentrated ownership could lead to governance changes or a sale process if the activist becomes dissatisfied.
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13D/A Filing (Primary) | 0002146263-26-000004 |
| Document: 0002146263-26-000004-index.html | 0002146263-26-000004 |
| Document: 0002146263-26-000004.txt | 0002146263-26-000004 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 20d ago | 8-K | $8.73 $7.62 | ▼ −12.71% | ▼ −12.58% | $7.50 (−14.09%) |
Oct 2, 2026 24d ago | 8-K | $8.89 $8.09 | ▼ −9.00% | ▼ −9.42% | $7.50 (−15.64%) |
Sep 23, 2026 4w ago | SC 13D/A | $9.84 $8.86 | ▼ −9.96% | ▼ −9.28% | $7.50 (−23.78%) |
Sep 23, 2026 4w ago | Insider Buy | $9.84 $8.86 | ▼ −9.96% | ▼ −9.28% | $7.50 (−23.78%) |
Sep 22, 2026 4w ago | 8-K | $9.84 $8.86 | ▲ +9.96% | ▲ +9.28% | $7.50 (+23.78%) |
Sep 22, 2026 4w ago | 8-K | $9.55 $9.43 | ▼ −1.26% | ▼ −0.07% | $7.50 (−21.47%) |
Sep 21, 2026 5w ago | SC 13D/A | $8.44 $9.36 | ▲ +10.90% | ▲ +11.92% | $7.50 (−11.14%) |
Sep 21, 2026 5w ago | Insider Buy | $8.44 $9.36 | ▲ +10.90% | ▲ +11.92% | $7.50 (−11.14%) |
Sep 18, 2026 5w ago | 8-K | $8.44 $9.36 | ▲ +10.90% | ▲ +11.92% | $7.50 (−11.14%) |
Sep 18, 2026 5w ago | 8-K | $8.02 $10.27 | ▲ +28.05% | ▲ +26.79% | $7.50 (−6.48%) |
US Market Status
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