Home / Auditor changes / Lite Strategy, Inc.
Filed 2025-12-05 路 Form 8-K 路 Accession 0001193125-25-309593 nano
Price before filing: $1.75 (2025-12-04 close, split/dividend-adjusted)
Market cap at flag: $11.1M (2025-12-05) 路 Latest: $39.8M (2026-10-16)
| Window | LITS | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -12.6% | +0.8% | -13.4% | 2026-01-05 |
| 90 days | -35.4% | -0.2% | -35.3% | 2026-03-05 |
| 180 days | -50.3% | +10.8% | -61.2% | 2026-06-03 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 1 insider bought $23K (1 purchase)
30 days after: 1 insider sold $946K (1 sale); 1 insider bought $98K (1 purchase)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-11-19 | Flynn James P Director | Purchase | 12,100 | $1.88 | $23K | no | Form 4 |
| 2025-12-05: red flag filed | |||||||
| 2025-12-18 | Schornstein Alexander 10% owner | Sale | 690,611 | $1.37 | $946K | no | Form 4 |
| 2025-12-19 | Flynn James P Director | Purchase | 70,000 | $1.40 | $98K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-09-06 to 2026-01-04. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"On December 2, 2025, the Committee approved the engagement of CBIZ CPAs P.C. ("CBIZ CPAs") as its independent registered public accounting firm for the fiscal year ending June 30, 2026."
Quoted from the filing. Source
The company changed its outside auditor (8-K Item 4.01). A dismissal or resignation, especially near an annual report or with reported disagreements, is a warning sign. Changes caused by audit firms merging are usually routine.
Type: dismissed
Disagreements reported: no
Former auditor: Deloitte & Touche LLP · New auditor: CBIZ CPAs P.C.
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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