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Research Solutions, Inc. — Director's Dealing 2023
Sep 19, 2023
34019_dirs_2023-09-19_7aad0c4c-2a76-4323-aa3a-01fad7ce34b4.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Research Solutions, Inc. (RSSS)
CIK: 0001386301
Period of Report: 2023-09-18
Reporting Person: BRISTOL INVESTMENT FUND LTD (See Explanation of Responses)
Reporting Person: Bristol Capital Advisors, LLC (See Explanation of Responses)
Reporting Person: KESSLER PAUL L. (See Explanation of Responses)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-09-18 | Common Stock, par value $0.001 per share | S | 256336 | $2.45 | Disposed | 2325772 | Indirect |
| 2023-09-18 | Common Stock, par value $0.001 per share | S | 77362 | $2.45 | Disposed | 2248410 | Indirect |
| 2023-09-18 | Common Stock, par value $0.001 per share | S | 325000 | $2.45 | Disposed | 1923410 | Indirect |
| 2023-09-18 | Common Stock, par value $0.001 per share | S | 491302 | $2.45 | Disposed | 1432108 | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock, par value $0.001 per share | 10000 | Direct |
Footnotes
F1: This Form 4 is filed jointly by Bristol Investment Fund, Ltd. ("Bristol Fund"), Bristol Capital Advisors, LLC ("Bristol Advisors") and Paul Kessler (collectively, the "Reporting Persons").
F2: As of September 19, 2023, the Reporting Persons ceased to be members of a Section 13(d) group that may be deemed to collectively beneficially own more than 10% of the Issuer's outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
F3: Securities beneficially owned directly by Bristol Fund. As the investment advisor of Bristol Fund, Bristol Advisors may be deemed to beneficially own the securities owned directly by Bristol Fund. As the manager and Chief Executive Officer of Bristol Advisors, Mr. Kessler may be deemed to beneficially own the securities owned directly by Bristol Fund.
F4: Securities beneficially owned directly by Mr. Kessler, which are held in an IRA account of which he is the beneficiary.