{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-036799","form_type":"8-K","ticker":"VSTD","cik":"0001898604","company_name":"Vestand Inc.","filed_at":"2026-08-10T16:47:53+00:00","discovered_at":"2026-08-10T16:49:00.824547+00:00","generated_at":"2026-08-10T16:49:06.225258+00:00","sec_items":["3.03","5.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"BS1 Fund converts Class B shares, triggering auto-conversion of all Class B to Class A and loss of majority control","bullets":["On June 23, 2026, BS1 Fund converted its 1,760,000 Class B shares into Class A common stock, cutting its voting power below 25%.","All outstanding Class B shares automatically converted to Class A; voting rights fell from 10 votes per share to 1 vote per share.","BS1 Fund no longer controls a majority of total voting power; no third party acquired control in the transaction."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-036799","json":"https://secwatch.observer/filing/0001493152-26-036799.json","markdown":"https://secwatch.observer/filing/0001493152-26-036799.md","text":"https://secwatch.observer/filing/0001493152-26-036799.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1898604/000149315226036799/0001493152-26-036799-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1898604/000149315226036799/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-10T16:49:06.225258+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}