Hilary L. Shane reports 11.6% stake in FONAR (FONR) via trusts

Rhea-AI Filing Summary

FONAR CORP filed an amendment to a Schedule 13G reporting beneficial ownership of 720,065 shares of Common Stock, representing 11.60% of the class. The filing states these shares are held with shared voting and dispositive power by Hilary L. Shane and related trusts and entities.

Insights

Governance Analyst

Reporting persons disclose an 11.60% beneficial stake held in shared capacity.

The Schedule 13G/A amendment lists 720,065 shares (CUSIP 344437405) beneficially owned by Hilary L. Shane and affiliated trusts/ entities, with shared voting and dispositive power. This filing updates ownership details and affiliations among related holders.

Cash‑flow treatment is not stated; timing is the filing amendment dated 05/11/2026. Subsequent filings could disclose changes in stake or voting arrangements.

Compliance Specialist

This is a routine beneficial‑ownership amendment under Rule 13d‑1.

The filing identifies the Reporting Persons (Hilary L. Shane and Hilary L. Shane Revocable Trust) and provides residence and trust relationships. It shows shared powers across named entities (ODS Capital LLC, Oliver Shane Irrevocable Trust, Hilary L. Shane Traditional IRA).

It serves disclosure and recordkeeping purposes; no transaction or proceeds are disclosed in this excerpt.

Key Figures

Shares beneficially owned: 720,065 shares Percent of class: 11.60% CUSIP: 344437405 +2 more

5 metrics

Shares beneficially owned 720,065 shares Amount beneficially owned reported by Hilary L. Shane

Percent of class 11.60% Percent of Common Stock reported in Item 4(b)

CUSIP 344437405 CUSIP for FONAR common stock as listed on cover

Shared voting power 720,065 shares Shared voting power reported in Item 4(c)(ii)

Signature date 05/11/2026 Date signatures were provided on the amendment

Key Terms

Schedule 13G/A, Beneficial ownership, Shared voting power, Dispositive power

4 terms

Schedule 13G/A regulatory

"Amendment No. 1 FONAR CORP COMMON STOCK"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

Beneficial ownership financial

"Item 4. | Ownership (a) | Amount beneficially owned"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Shared voting power governance

"Shared Voting Power 720,065.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

Dispositive power governance

"Shared Dispositive Power 720,065.00"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

FONAR CORP

(Name of Issuer)

COMMON STOCK, $.0001 par value

(Title of Class of Securities)

344437405

(CUSIP Number)

05/07/2026

(Date of Event Which Requires Filing of this Statement)

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)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 344437405

1

Names of Reporting Persons

Hilary L. Shane

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

FLORIDA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 720,065.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 720,065.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

720,065.00

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)

11.60 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

CUSIP Number(s): 344437405

1

Names of Reporting Persons

Hilary L. Shane Revocable Trust

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

FLORIDA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 477,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 477,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

720,065.00

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)

11.60 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP Number(s): 344437405

1

Names of Reporting Persons

ODS Capital 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

FLORIDA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 27,278.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 720,065.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

720,065.00

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)

11.60 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP Number(s): 344437405

1

Names of Reporting Persons

Oliver Shane Irrevocable Trust

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

FLORIDA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 194,574.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 194,574.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

720,065.00

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)

11.60 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP Number(s): 344437405

1

Names of Reporting Persons

Hilary L. Shane Traditional IRA

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

FLORIDA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 21,213.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 21,213.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

720,065.00

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)

11.60 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: FONAR CORP
(b)	Address of issuer's principal executive offices: 110 MARCUS DR, MELVILLE NY 11747
Item 2.
(a)	Name of person filing: This Schedule 13G is being jointly filed by each of the following persons pursuant to Rule 13d-1 promulgated by the Securities and Exchange Commission pursuant to Section 13 of the Securities Exchange Act of 1934, as amended (the "Act"): (i) Hilary L. Shane Revocable Trust with respect to shares of Common Stock (as defined in Item 2(d) below) directly held by it; and Hilary L. Shane Revocable Trust and Ms. Shane are hereinafter sometimes collectively referred to as the "Reporting Persons." Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party.
(b)	Address or principal business office or, if none, residence: The principal office and business address of Hilary L. Shane Revocable Trust and Ms. Shane is: 78 Lighthouse Drive, Jupiter, Florida 33469.
(c)	Citizenship: Florida, United States of America
(d)	Title of class of securities: COMMON STOCK, $.0001 par value
(e)	CUSIP No.: 344437405
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: I. Hilary L. Shane Amount beneficially owned: 720,065
(b)	Percent of class: 11.6%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 720,065
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 720,065
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
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:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

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.

Hilary L. Shane

Signature:	/s/ Hilary L. Shane
Name/Title:	Individual
Date:	05/11/2026

Hilary L. Shane Revocable Trust

Signature:	/s/ Hilary L. Shane
Name/Title:	Trustee
Date:	05/11/2026

ODS Capital LLC

Signature:	/s/ Hilary L. Shane
Name/Title:	Manager
Date:	05/11/2026

Oliver Shane Irrevocable Trust

Signature:	/s/ Hilary L. Shane
Name/Title:	Grantor
Date:	05/11/2026

Hilary L. Shane Traditional IRA

Signature:	/s/ Hilary L. Shane
Name/Title:	Owner
Date:	05/11/2026

FAQ

What stake does Hilary L. Shane report in FONAR (FONR)?

Hilary L. Shane reports beneficial ownership of 720,065 shares, equal to 11.60% of the Common Stock. The filing attributes shared voting and dispositive power across Ms. Shane and affiliated trusts and entities as of the amendment.

Does the Schedule 13G/A show who controls the voting of those shares?

The filing states shared voting power of 720,065 shares among the Reporting Persons and affiliated entities. It does not attribute sole voting power to any single person in the excerpt provided.

When was the beneficial ownership amendment signed for FONAR?

The signatures on the amendment are dated 05/11/2026. The cover metadata shows an associated date of 05/07/2026 for the filing header and CUSIP entry.

Which entities are listed as holding shares related to Ms. Shane?

The filing lists Hilary L. Shane, Hilary L. Shane Revocable Trust, ODS Capital LLC, Oliver Shane Irrevocable Trust, and Hilary L. Shane Traditional IRA as holders or related parties sharing power over the reported shares.

What class of securities and CUSIP are reported in the filing?

The filing reports Common Stock, $0.0001 par value with CUSIP 344437405. The beneficial‑ownership percentage is reported as 11.60% of that class.