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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
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Data443 Risk Mitigation, Inc. (Name of Issuer) |
Common Shares (Title of Class of Securities) |
23804G203 (CUSIP Number) |
Nathan Reid 1 Taylors Mill Lane, Wilmington, DE, 19808 302-513-5864 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
01/08/2025 (Date of Event Which Requires Filing of This Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
SCHEDULE 13D
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| CUSIP No. | 23804G203 |
| 1 |
Name of reporting person
Reid Rexford | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
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| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
PF | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
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| 6 | Citizenship or place of organization
DELAWARE
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 11 | Aggregate amount beneficially owned by each reporting person
99,000.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
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| 13 | Percent of class represented by amount in Row (11)
12.3 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IN |
SCHEDULE 13D
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| Item 1. | Security and Issuer |
| (a) | Title of Class of Securities:
Common Shares |
| (b) | Name of Issuer:
Data443 Risk Mitigation, Inc. |
| (c) | Address of Issuer's Principal Executive Offices:
4000 SANCAR WAY, 4000 SANCAR WAY, RESEARCH TRIANGLE PARK,
NORTH CAROLINA
, 27709. |
| Item 2. | Identity and Background |
| (a) | Rexford Ralston Reid |
| (b) | 1 Taylors Mill Lane, Wilmington DE, 19808 |
| (c) | National Accounts Manager at Constallation Brands, 1 Taylors Mill Lane, Wilmington DE, 19808 |
| (d) | No |
| (e) | No |
| (f) | United States of America |
| Item 3. | Source and Amount of Funds or Other Consideration |
Personal Funds | |
| Item 4. | Purpose of Transaction |
The reporting person has acquired Data443 Risk Mitigation, Inc. (ATDS) shares for investment purposes, believing the company to be undervalued based on its current market price relative to its potential. While the company shows promise in its niche data security and privacy solutions market, the reporting person recognizes that significant changes may be necessary to unlock shareholder value. The reporting person intends to monitor the company's performance closely and may discuss potential strategic alternatives, operational improvements, and corporate governance enhancements with management, the board of directors, or other shareholders. These discussions include, but are not limited to, exploring options for improving the company's financial position, enhancing its product offerings, and strengthening its market presence. The reporting person reserves the right to increase or decrease their position in the company's securities, depending on market conditions and other factors. Currently, the reporting person has no immediate plans or proposals that would result in any of the transactions or changes contemplated in Item 4 of Schedule 13D but may consider such actions in the future if deemed necessary to protect or enhance shareholder value. | |
| Item 5. | Interest in Securities of the Issuer |
| (a) | As of January 7, 2025, the reporting person beneficially owns a total of 99,000 shares of common stock of Data443 Risk Mitigation Inc. (the "Issuer"), representing approximately 12.3% of the outstanding shares of the Issuer. |
| (b) | 99000 |
| (c) | The following transactions in the common stock of Data443 Risk Mitigation Inc. (ATDS) were effected by the Reporting Person during the past 60 days:
Run Date Action Quantity Price Type Settled
01/07/2025 Buy 647 $0.07 Margin 1/8/25
01/07/2025 Buy 14,353 $0.07 Margin 1/8/25
01/07/2025 Buy 14,000 $0.07 Margin 1/8/25
01/07/2025 Buy 1,000 $0.07 Margin 1/8/25
01/07/2025 Buy 20,000 $0.07 Margin 1/8/25
12/12/2024 Buy 19,000 $0.10 Cash 12/13/24
12/12/2024 Buy 1,000 $0.09 Cash 12/13/24
12/11/2024 Buy 5,000 $0.10 Cash 12/12/24
12/11/2024 Buy 5,000 $0.11 Cash 12/12/24
12/04/2024 Buy 5,000 $0.12 Cash 12/5/24
12/04/2024 Buy 5,000 $0.13 Cash 12/5/24
12/04/2024 Buy 4,930 $0.14 Cash 12/5/24
12/04/2024 Buy 1,000 $0.10 Cash 12/5/24
12/04/2024 Buy 1,000 $0.13 Cash 12/5/24
12/04/2024 Buy 1,000 $0.13 Cash 12/5/24
12/04/2024 Buy 1,000 $0.13 Cash 12/5/24
12/04/2024 Buy 70 $0.14 Cash 12/5/24
All transactions were effected through the Reporting Person's brokerage account at Fidelity Investments.
Total shares acquired: 99,000 |
| (d) | No other person has the right to receive or direct the receipt of dividends from, or the proceeds from the sale of, the securities beneficially owned by the reporting person.
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| (e) | N/A
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| Item 6. | Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer |
There are no contracts, arrangements, understandings, or relationships (legal or otherwise) between the reporting person and any other person with respect to any securities of Data443 Risk Mitigation Inc.
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| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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