Zone Frontier Inc. (ZONE) shareholders
Close on Nov 12, 2026Market cap $1.78BP/E –Yield –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| MMCAP International Inc. SPC Joint filing with MM Asset Management Inc. (8.00%) | 16,867,613 | 8.00% | 13G (passive) amendment | Mar 31, 2026 |
| MM Asset Management Inc. Joint filing with MMCAP International Inc. SPC (6.30%) | 13,950,444 | 6.30% | 13G (passive) amendment | Jun 30, 2026 |
| Ansari Mohammad Jawad Joint filing with Bethor Ltd (9.90%) | 1,323,707 | 11.80% | 13D (active) amendment | Sep 2, 2025 |
| Brent Cox | 906,250 | 11.35% | 13D (active) | May 10, 2024 |
| Chris Etherington Joint filing with Oleta Investments, LLC (8.54%) | 649,879 | 9.54% | 13G (passive) | Apr 30, 2024 |
| Chris Kostopoulos | 480,845 | 5.66% | 13G (passive) | Oct 16, 2026 |
| Mark Olivier | 464,868 | 6.82% | 13G (passive) | Apr 30, 2024 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of ZONE | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| MMCAP International Inc. SPC | 13,950,444 | 2.74% | $11.44M | −2,917,169 | 0.97% |
| Mozayyx Management LLC | 12,000,000 | 2.35% | $9.84M | – | 9.47% |
| Vanguard Capital Management LLC | 9,497,719 | 1.86% | $7.79M | −1,302,538 | 0.00% |
| Steadfast Capital Management LP | 2,296,923 | 0.45% | $1.88M | −703,077 | 0.06% |
| Geode Capital Management, LLC | 2,234,575 | 0.44% | $1.83M | +78,776 | 0.00% |
| Vanguard Fiduciary Trust Co | 1,258,445 | 0.25% | $1.03M | +281,762 | 0.00% |
| America First Investment Advisors, LLC | 1,253,713 | 0.25% | $1.03M | +1,196,242 | 0.19% |
| State Street Corp | 1,079,414 | 0.21% | $885.12K | +784,500 | 0.00% |
| Jane Street Group, LLC | 731,844 | 0.14% | $600.11K | New | 0.00% |
| Corient Private Wealth LLC | 725,000 | 0.14% | $594.50K | −917,716 | 0.00% |
| Osaic Holdings, Inc. | 709,000 | 0.14% | $581.38K | +555,470 | 0.00% |
| BlackRock, Inc. | 656,129 | 0.13% | $538.03K | −4,528 | 0.00% |
| TCG Advisory Services, LLC | 510,569 | 0.10% | $418.67K | – | 0.01% |
| FNY Investment Advisers, LLC | 475,824 | 0.09% | $390.00K | New | 0.14% |
| Northern Trust Corp | 473,043 | 0.09% | $387.90K | +31,446 | 0.00% |
| Alpine Global Management, LLC | 400,000 | 0.08% | $328.00K | −430,655 | 0.05% |
| Stifel Financial Corp | 360,000 | 0.07% | $295.20K | New | 0.00% |
| Meridian Wealth Management, LLC | 355,138 | 0.07% | $291.21K | – | 0.01% |
| Hrt Financial LP | 343,379 | 0.07% | $281.00K | New | 0.00% |
| UBS Group AG | 261,075 | 0.05% | $214.08K | +260,673 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 45 | 51M | 10.0% | 14 / 12 | 7 / 12 | 6M | 14M |
| Q1 2026 | 43 | 60M | 11.7% | 11 / 6 | 8 / 15 | 14M | 21M |
| Q4 2025 | 48 | 71M | 13.8% | 29 / 9 | 2 / 14 | 56M | 21M |
| Q3 2025 | 33 | 36M | 7.0% | 25 / 5 | 1 / 5 | 36M | 0M |
| Q2 2025 | 13 | 0M | 0.0% | 7 / 4 | 2 / 4 | 0M | 0M |
| Q1 2025 | 10 | 0M | 0.0% | 3 / 3 | 3 / 3 | 0M | 0M |
| Q4 2024 | 10 | 0M | 0.0% | 6 / 3 | 0 / 0 | 0M | 0M |
| Q3 2024 | 4 | 0M | 0.0% | 1 / 2 | 1 / 1 | 0M | 0M |
| Q2 2024 | 4 | 0M | 0.0% | 4 / 0 | 0 / 0 | 0M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
8 funds held ZONE in Q2 2026, 83% of their shares through ETFs. Each fund counts once per quarter, from its quarter-end report.
| Fund | Shares | % of ZONE | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 6,943,942 | 1.36% | $5.69M | 0.00% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 2,279,030 | 0.45% | $1.87M | 0.00% | Jun 30, 2026 |
| Fidelity Extended Market Index Fund | 1,051,716 | 0.21% | $841.37K | 0.00% | May 31, 2026 |
| Fidelity Total Market Index Fund | 321,269 | 0.06% | $257.02K | 0.00% | May 31, 2026 |
| Fidelity Series Total Market Index Fund | 297,914 | 0.06% | $238.33K | 0.00% | May 31, 2026 |
| Vanguard Balanced Index Fund | 124,659 | 0.02% | $102.22K | 0.00% | Jun 30, 2026 |
| Vanguard Institutional Total Stock Market Index Fund | 110,427 | 0.02% | $90.55K | 0.00% | Jun 30, 2026 |
| Victory Extended Market Index Fund | 24,217 | 0.00% | $8.72K | 0.00% | Jul 31, 2026 |
| Blackstone Alternative Multi-Strategy Fund | -24,170 | -0.00% | -$19.82K | -0.00% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Tyler Lewis Hassen | Chief Executive Officer, Director | 4,500,000 | 0.88% | Oct 16, 2026 |
| Clayton Adams | Chief Executive Officer, Director | 6,118,795 | 1.20% | Oct 15, 2025 |
| David James Enholm | Chief Financial Officer | 340,850 | 0.07% | Jul 2, 2026 |
| Travis Buchanan | President | 317,908 | 0.06% | Jan 5, 2026 |
| Gary Gilbert Hollst | Chief Revenue Officer | 389,352 | 0.08% | Jan 5, 2026 |
| Marco Margiotta | Chief Investment Officer | 4,000,000 | 0.78% | Oct 15, 2025 |
| Peter Thomas Frei | Director | 203,459 | 0.04% | Jul 8, 2026 |
| Tim Stebbing | Director | 120,000 | 0.02% | Sep 24, 2025 |
| Alex Spiro | Director | 360,000 | 0.07% | Sep 12, 2025 |
| Ltd Bethor | 10% owner | 1,112,500 | 0.22% | Sep 4, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Tyler Lewis Hassen Chief Executive Officer, Director | Oct 16, 2026 | Buy | +500,000 | $0.11 | $55.15K | 4,500,000 |
| Tyler Lewis Hassen Chief Executive Officer, Director | Oct 14, 2026 | Buy | +750,000 | $0.11 | $85.20K | 4,000,000 |
| Tyler Lewis Hassen Chief Executive Officer, Director | Oct 13, 2026 | Buy | +1,000,000 | $0.12 | $116.40K | 3,250,000 |
| Tyler Lewis Hassen Chief Executive Officer, Director | Oct 13, 2026 | Buy | +250,000 | $0.12 | $29.68K | 2,250,000 |
| Tyler Lewis Hassen Chief Executive Officer, Director | Aug 12, 2026 | Award | +2,000,000 | $0.25 | $500.00K | 2,000,000 |
| David James Enholm Chief Financial Officer | Jul 1, 2026 | Option exercise | +40,000 | – | – | 67,300 |
| Peter Thomas Frei Director | Jun 30, 2026 | Award | +200,000 | – | – | 203,459 |
| Travis Buchanan President | Dec 31, 2025 | Other | −255,296 | – | – | 27,973 |
| Gary Gilbert Hollst Chief Revenue Officer | Dec 31, 2025 | Other | −389,352 | – | – | 0 |
| David James Enholm Chief Financial Officer, Director | Dec 31, 2025 | Other | −265,000 | – | – | 27,300 |
| David James Enholm Chief Financial Officer, Director | Dec 1, 2025 | Buy | +18,750 | $0.30 | $5.63K | 292,300 |
| Marco Margiotta Chief Investment Officer | Oct 13, 2025 | Award | +4,000,000 | – | – | 4,000,000 |
| Clayton Adams Chief Executive Officer, Director | Oct 13, 2025 | Award | +3,250,000 | – | – | 6,118,795 |
| Gary Gilbert Hollst Chief Revenue Officer | Oct 1, 2025 | Option exercise | +10,416 | – | – | 389,352 |
| David James Enholm Chief Financial Officer, Director | Sep 25, 2025 | Award | +175,000 | – | – | 273,550 |
| David James Enholm Chief Financial Officer, Director | Sep 9, 2025 | Option exercise | +67,500 | – | – | 98,550 |
| Clayton Adams Chief Executive Officer, Director, 10% owner | Sep 5, 2025 | Conversion | −1,875,795 | – | – | 0 |
| Clayton Adams Chief Executive Officer, Director, 10% owner | Sep 5, 2025 | Conversion | +1,875,795 | – | – | 2,868,795 |
| Travis Buchanan President | Sep 4, 2025 | Conversion | +1,333 | $1.06 | $1.41K | 3,333 |
| Ltd Bethor 10% owner | Sep 4, 2025 | Sale | −18,117 | $3.61 | $65.40K | 1,112,500 |
| Ltd Bethor 10% owner | Sep 3, 2025 | Sale | −26,883 | $2.95 | $79.30K | 1,130,617 |
| Ltd Bethor 10% owner | Sep 2, 2025 | Sale | −45,000 | $3.04 | $136.80K | 1,157,500 |
| Ltd Bethor 10% owner | Jul 25, 2025 | Sale | −10,000 | $3.69 | $36.90K | 1,202,500 |
| Ltd Bethor 10% owner | Jul 22, 2025 | Sale | −24,618 | $3.47 | $85.42K | 1,212,500 |
| Travis Buchanan President | Jul 21, 2025 | Award | +250,000 | – | – | 283,269 |
| Ltd Bethor 10% owner | Jul 17, 2025 | Sale | −3,482 | $3.50 | $12.19K | 1,237,118 |
| Ltd Bethor 10% owner | Jul 16, 2025 | Sale | −9,400 | $3.50 | $32.90K | 1,240,600 |
| David James Enholm Chief Financial Officer, Director | Jul 1, 2025 | Option exercise | +22,500 | – | – | 31,050 |
| Gary Gilbert Hollst Chief Revenue Officer | Jul 1, 2025 | Option exercise | +10,416 | – | – | 378,936 |
| Gary Gilbert Hollst Chief Revenue Officer | Jun 13, 2025 | Sale | −10,000 | $3.20 | $32.00K | 368,520 |
| Gary Gilbert Hollst Chief Revenue Officer | Jun 11, 2025 | Sale | −7,500 | $4.00 | $30.00K | 378,520 |
| Clayton Adams Chief Executive Officer, Director, 10% owner | Jun 11, 2025 | Award | +500,000 | – | – | 993,000 |
| Gary Gilbert Hollst Chief Revenue Officer | Jun 6, 2025 | Sale | −7,500 | $4.01 | $30.08K | 386,020 |
| Gary Gilbert Hollst Chief Revenue Officer | Jun 4, 2025 | Sale | −7,500 | $4.24 | $31.80K | 393,520 |
| Clayton Adams Chief Executive Officer, Director, 10% owner | Jun 3, 2025 | Other | −124,205 | $4.03 | $500.55K | 1,875,795 |
| Clayton Adams Chief Executive Officer, Director, 10% owner | Jun 3, 2025 | Conversion | +2,000,000 | $0.25 | $500.00K | 2,000,000 |
| Gary Gilbert Hollst Chief Revenue Officer | Jun 2, 2025 | Conversion | +307,701 | $1.12 | $344.63K | 401,020 |
| Gary Gilbert Hollst Chief Revenue Officer | May 6, 2025 | Award | +7,903 | – | – | 93,319 |
| Travis Buchanan President | May 6, 2025 | Award | +5,269 | – | – | 33,269 |
| Gary Gilbert Hollst Chief Revenue Officer | Apr 1, 2025 | Option exercise | +10,416 | – | – | 85,416 |
| David James Enholm Chief Financial Officer, Director | Mar 7, 2025 | Buy | +8,550 | $1.14 | $9.75K | 8,550 |
| Clayton Adams Chief Executive Officer, Director, 10% owner | Feb 25, 2025 | Buy | +2,000 | $0.99 | $1.98K | 493,000 |
| Clayton Adams Chief Executive Officer, Director, 10% owner | Nov 15, 2024 | Buy | +10,000 | $2.12 | $21.20K | 491,000 |
| Clayton Adams Chief Executive Officer, Director, 10% owner | Jun 28, 2024 | Buy | +5,000 | $2.37 | $11.85K | 481,000 |
| Clayton Adams 10% owner | May 28, 2024 | Buy | +1,000 | $3.05 | $3.05K | 476,000 |
| Clayton Adams 10% owner | May 16, 2024 | Buy | +5,000 | $3.57 | $17.85K | 475,000 |
| Brent Cox Director | May 10, 2024 | Buy | +880,000 | $0.26 | $228.80K | 880,000 |
| Mohammad Jawad Ansari 10% owner | Apr 30, 2024 | Buy | +125,000 | $4.01 | $501.25K | 1,461,207 |
| Clayton Adams 10% owner | Apr 30, 2024 | Buy | +5,000 | $3.10 | $15.50K | 470,000 |
| Douglas T. Moore Chief Executive Officer, Director | Apr 30, 2024 | Award | +87,500 | – | – | 87,500 |
| Clayton Adams 10% owner | Apr 26, 2024 | Buy | +145,000 | $4.01 | $581.45K | 465,000 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Short interest
Shares sold short and not yet bought back, as of Oct 30, 2026 (FINRA, reported twice a month)
Shares sold short, last 12 months
Short sale volume counts trades marked short on any given day, including market-maker hedging, so it runs far higher than the share of Zone Frontier's stock actually held short. Settlement fails (shares not delivered on time) peaked at 541,793 shares on Sep 30, 2026 over the last 90 days.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Gary Gilbert Hollst Chief Revenue Officer | May 19, 2025 | 85,416 | $150.24K | Jun 1, 2025 | GRANT: (Employment Agreement) |
| Basestones Inc 10% or greater owner | Oct 31, 2024 | 127,294 | $178.21K | Oct 30, 2024 | IPO |
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