SEC Filing - Teamshares Inc.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Teamshares Inc.
COMMON STOCK, PAR VALUE $0.0001 PER SHARE
CUSIP Number
Date of Event Which Requires Filing of this Statement: 06/30/2026
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
1 Names of Reporting Persons
Live Oak Sponsor V, LLC
2 Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3 Sec Use Only
4 Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
| 5 | Sole Voting Power |
| 9,624,781.00 | |
| 6 | Shared Voting Power |
| 0.00 | |
| 7 | Sole Dispositive Power |
| 9,624,781.00 | |
| 8 | Shared Dispositive Power |
| 0.00 | |
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person |
| 9,624,781.00 | |
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions) |
| 11 | Percent of class represented by amount in row (9)
12.3 %
| 12 | Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
1 Names of Reporting Persons
Richard Hendrix
2 Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3 Sec Use Only
4 Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
| 5 | Sole Voting Power |
| 0.00 | |
| 6 | Shared Voting Power |
| 9,624,781.00 | |
| 7 | Sole Dispositive Power |
| 0.00 | |
| 8 | Shared Dispositive Power |
| 9,624,781.00 | |
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person |
| 9,624,781.00 | |
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions) |
| 11 | Percent of class represented by amount in row (9)
12.3 %
| 12 | Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person:
(1) In connection with the domestication of the Issuer as a Delaware corporation (the "Domestication") and the closing (the "Closing") of the business combination (the "Business Combination") pursuant to the Agreement and Plan of Merger, dated as of November 14, 2025 (as amended on April 1, 2026 and May 13, 2026), by and among Live Oak Acquisition Corp. V, Teamshares Inc. and the other parties thereto, the Sponsor's 5,750,000 Class B ordinary shares of Live Oak Acquisition Corp. V converted into shares of Live Oak Class B Common Stock and subsequently into shares of Combined Company Common Stock. In connection with the Closing, the Sponsor transferred an aggregate of 101,790 shares to certain investors in connection with financing transactions and forfeited an aggregate of 524,105 shares pursuant to the Sponsor Letter Agreement, dated as of November 14, 2025, by and among Live Oak Acquisition Corp. V, Teamshares Inc. and Live Oak Sponsor V, LLC (the "Sponsor"). The Sponsor is the record holder of the shares reported herein. Mr. Richard Hendrix is the managing member of the Sponsor. As such, he may be deemed to have or share voting and dispositive power of the shares held directly by the Sponsor. Mr. Hendrix disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
(2) Includes 4,500,000 shares of common stock of the Issuer which may be purchased by exercising private placement warrants held by the Sponsor. Includes 1,674,781 Earn-Out Shares, consisting of (i) 1,150,000 Deferred Founder Shares and (ii) 524,781 Earnout Incentive Founder Shares, that are subject to forfeiture pursuant to the Sponsor Letter Agreement, dated as of November 14, 2025, by and among Live Oak Acquisition Corp. V, Teamshares Inc. and the Sponsor.
(3) Based on 73,660,538 shares of common stock of the Issuer issued and outstanding as of the date of this filing.
SCHEDULE 13G
Item 1.
(a) Name of issuer:
Teamshares Inc.
(b) Address of issuer's principal executive offices:
214 Sullivan Street, 3B, New York, NY 10012
Item 2.
(a) Name of person filing:
Live Oak Sponsor V, LLC and Richard Hendrix (collectively, the "Reporting Persons")
(b) Address or principal business office or, if none, residence:
4921 William Arnold Road, Memphis TN 38117
(c) Citizenship:
Live Oak Sponsor V, LLC is a limited liability company formed in Delaware. Richard Hendrix is a citizen of the United States of America.
(d) Title of class of securities:
COMMON STOCK, PAR VALUE $0.0001 PER SHARE
(e) CUSIP No.:
Item 4. Ownership
(a) Amount beneficially owned:
As of June 18, 2026, following the consummation of the Business Combination and the Domestication, the Sponsor holds 5,124,781 shares of common stock of the Issuer and 4,500,000 warrants to purchase shares of common stock of the Issuer. The Sponsor's 5,750,000 Class B ordinary shares of Live Oak Acquisition Corp. V, converted into shares of Live Oak Class B Common Stock and subsequently into shares of Combined Company Common Stock. In connection with the Closing, the Sponsor transferred an aggregate of 101,790 shares to certain investors in connection with financing transactions pursuant to the Sponsor Letter Agreement, dated as of November 14, 2025, and forfeited an aggregate of 524,105 shares pursuant to the Sponsor Letter Agreement. Richard Hendrix, as managing member of Live Oak Sponsor V, LLC, has voting and investment discretion with respect to the securities held of record by the Sponsor. As such, Mr. Hendrix may be deemed to have beneficial ownership of the securities held of record by the Sponsor. Mr. Hendrix disclaims any beneficial ownership except to the extent of his pecuniary interest therein.
(b) Percent of class:
The responses to Items 5-11 of the cover pages of this Schedule 13G are incorporated herein by reference. The percentage of the shares held by the Reporting Persons is based on 73,660,538 shares of common stock of the Issuer issued and outstanding as of the date of this filing, as reported in the Current Report on Form 8-K filed by the Issuer with the Securities and Exchange Commission on June 25, 2026
(c) Number of shares as to which the person has:
- (i) Sole power to vote or to direct the vote:
Live Oak Sponsor V, LLC: 9,624,781; Richard Hendrix: 0 - (ii) Shared power to vote or to direct the vote:
Live Oak Sponsor V, LLC: 0; Richard Hendrix: 9,624,781 - (iii) Sole power to dispose or to direct the disposition of:
Live Oak Sponsor V, LLC: 9,624,781; Richard Hendrix: 0 - (iv) Shared power to dispose or to direct the disposition of:
Live Oak Sponsor V, LLC: 0; Richard Hendrix: 9,624,781
Item 6. Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8. Identification and Classification of Members of the Group.
Not Applicable
Item 9. Notice of Dissolution of Group.
Not Applicable
Item 10. Certifications:
Not Applicable
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.
Live Oak Sponsor V, LLC
Signature: /s/ Richard Hendrix
Name/Title: Richard Hendrix, as managing member of Live Oak Sponsor V, LLC
Date: 07/08/2026
Richard Hendrix
Signature: /s/ Richard Hendrix
Name/Title: Richard Hendrix
Date: 07/08/2026
Exhibit Information
99.1 Joint Filing Agreement (incorporated by reference to Exhibit 99.1 to the Reporting Persons' Schedule 13G dated filed with the Securities and Exchange Commission on June 12, 2026).