Charles & Colvard Ltd has 8 Schedule 13D or 13G filings on record since 2025-07-16. 3 holders' latest filing reports 5% or more of common stock. Each figure below is the holder's own, as filed, with the filing linked.
Stated intent
Intent stated in Item 4 Riverstyx Capital Management LLC
The Reporting Persons intend to solicit proxies from the Issuer's shareholders in support of the election of the Nominees at the Annual Meeting.From Item 4 of the SCHEDULE 13D/A filed 2025-09-02
Intent stated in Item 4 Pham Duc Hoang
The Reporting Person intends to solicit proxies from holders representing at least 67 percent of the voting power entitled to vote in the election of directors and to furnish a universal proxy card in accordance with Rule 14a-19.From Item 4 of the SCHEDULE 13D/A filed 2025-08-27
Holders
| Holder | Percent | Shares | Latest | Event date |
|---|---|---|---|---|
| Ethara Capital LLC | 42.79% | 1,913,302 | SCHEDULE 13D, 2025-09-08 | 2025-08-29 |
| Riverstyx Capital Management LLC | 11.9% | 532,216 | SCHEDULE 13D/A, 2025-09-24 | 2025-09-23 |
| Pham Duc Hoang | 11.9% | 532,216 | SCHEDULE 13D/A, 2025-09-25 | 2025-09-23 |
Purpose of Transaction (Item 4)
Riverstyx Capital Management LLC
No material change has been made to the disclosure under Item 4 of the Schedule 13D previously filed by the other Reporting Persons except as set forth herein. Duc Pham has been a committed investor in the Company for nearly a decade. Despite this long standing support for the Company and belief in its mission, he is deeply concerned about the Company's current trajectory. In order to address these issues, Mr. Pham has increased his position in the Company over time. Following an irrevocable proxy made on August 20, 2025, Mr. Pham now holds voting power over approximately 6.7 percent of the Company's outstanding shares. Of this total, 3.5 percent is directly held by Mr. Pham and 3.2 percent is attributable to Don Pham's voting power. As a result, Mr. Pham has become one of the company's largest voting shareholders. Mr. Pham intends to seek election to the Company's Board of Directors in order to propose a strategy focused on governance reform, financial stabilization, and operational turnaround. The Reporting Persons have formed a group for the purpose of nominating a slate of directors for election at the Issuer's 2025 Annual Meeting of Shareholders and soliciting proxies in support of such nominees. The Reporting Persons believe that change in the composition of the Issuer's Board of Directors is necessary to protect and enhance shareholder value. The Reporting Persons are also party to litigation in the North Carolina Business Court compelling the Issuer to hold the …The first part of Item 4 of the SCHEDULE 13D/A filed 2025-09-24; the filing has the rest
Pham Duc Hoang
On September 23, 2025, Mr. Pham formed a group within the meaning of Section 13(d)(3) with Riverstyx Capital Management, LLC; The Riverstyx Fund, LP; Riverstyx Fund GP, LLC; Benjamin O. Franklin IV; Michael R. Levin; and Lloyd M. Sems; collectively, the Reporting Persons in connection with nominating and soliciting proxies for a director slate at the Issuer 2025 annual meeting and related engagement with the Issuer and its shareholders.Item 4 of the SCHEDULE 13D/A filed 2025-09-25
Ethara Capital LLC
The information set forth in Item 3 of this Schedule 13D is incorporated by reference into this Item 4. The purpose of the transaction was to improve the Company's balance sheet and to further align the Reporting Person's interests with the other shareholders of the Company.Item 4 of the SCHEDULE 13D filed 2025-09-08
Timeline
| Filed | Holder | Percent | Filing |
|---|---|---|---|
| 2025-07-16 | Riverstyx Capital Management LLC | 7.4% | SCHEDULE 13D/A |
| 2025-08-22 | Pham Duc Hoang | 9.6% | SCHEDULE 13D |
| 2025-08-25 | Riverstyx Capital Management LLC | 7.4% | SCHEDULE 13D/A |
| 2025-08-27 | Pham Duc Hoang intent stated | 9.6% | SCHEDULE 13D/A |
| 2025-09-02 | Riverstyx Capital Management LLC intent stated | 7.4% | SCHEDULE 13D/A |
| 2025-09-08 | Ethara Capital LLC | 42.79% | SCHEDULE 13D |
| 2025-09-24 | Riverstyx Capital Management LLC | 11.9% | SCHEDULE 13D/A |
| 2025-09-25 | Pham Duc Hoang | 11.9% | SCHEDULE 13D/A |
Tools for this story
Each opens in a new tab, filled in for Charles & Colvard Ltd. With no account yet, you sign up free and land on the result.
Where this comes from
Anyone who comes to own more than 5% of a class of a listed company's voting shares has to tell the SEC. A holder who may seek to change or influence the company files Schedule 13D, and has to say in Item 4, "Purpose of Transaction", what it intends to do. A holder with no such intent, such as many index and passive funds, may file the shorter Schedule 13G. Both are amended when the stake changes, including when it falls below 5%.
Every row here is one of those filings, linked to the filing itself. Percentages and share counts are exactly as the holder filed them, for the holder the filing names; an amendment showing a lower figure is shown as filed. Item 4 text is quoted word for word. Where a 13D's Item 4 contains a sentence stating a definite intent to influence the company, that sentence is marked and quoted; the page does not describe the holder or its motives beyond the words it filed. Nothing here is investment advice.