---
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"
generated_at: "2026-08-10T16:49:06.225258+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# BS1 Fund converts Class B shares, triggering auto-conversion of all Class B to Class A and loss of majority control

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 3.03, 5.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-036799
- JSON: https://secwatch.observer/filing/0001493152-26-036799.json
- Plain text: https://secwatch.observer/filing/0001493152-26-036799.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.