{"url_path":"/sec/upyy/10-k/2026/item-12","section_key":"item-12","section_title":"Item 12 SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-06-02","source_url":"https://www.sec.gov/Archives/edgar/data/1677897/0001575872-26-000390-index.html","accession_number":"0001575872-26-000390","cik":"0001677897","ticker":"UPYY","issuer_name":"UPAY","edgar_url":"https://www.sec.gov/Archives/edgar/data/1677897/0001575872-26-000390-index.html","primary_entity_key":"0001677897","primary_entity_name":"UPAY"},"word_count":464,"has_tables":true,"body_markdown":"ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT\n\nSecurity Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.\n\nThe following table sets forth certain information as of  May 27, 2026 with respect to the beneficial ownership of our Common Stock by: (i) all persons known by the Company to be beneficial owners of more than 5% of our Common Stock, (ii) each director and Named Executive Officer, and (iii) by all executive officers and directors as a group.\n\nBeneficial Owners over 5%\n\n28\n\nName\n\n \n\nShares Held\n\n \n\n \n\nPercentage\n\n \n\nJacob C Fölscher\n\n \n\n \n\n \n\n \n\n \n\n9,125,000\n\n \n\n \n\n \n\n51.80\n\n%\n\nTwin Harbor Web Solutions Inc. \n\n \n\n \n\n2,030,000\n\n \n\n \n\n \n\n11.52\n\n% \n\nEmerging Markets Consulting LLC\n\n \n\n \n\n2,003,432\n\n \n\n \n\n \n\n11.37\n\n%\n\nRKP Securities LLC\n\n \n\n \n\n1,000,000\n\n \n\n \n\n \n\n5.68\n\n%\n\nExecutive Officers/Directors (3)\n\nName\n\n \n\nShares Held\n\n \n\n \n\nPercentage\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nPieter A Swanepoel\n\n \n\n \n\n300,000\n\n \n\n \n\n \n\n1.70\n\n%\n\n \n\n \n\n \n\n \n\n \n\n \n\nJacob C Fölscher\n\n \n\n \n\n9,125,000\n\n \n\n \n\n \n\n51.80\n\n%\n\n \n\n \n\n \n\n \n\n \n\n \n\nRandall F Greene\n\n(including TMI Trust)\n\n \n\n \n\n533,333\n\n \n\n \n\n \n\n3.03\n\n%\n\n \n\n \n\n \n\n \n\n \n\n \n\nRichard Pellerin (RKP Securities LLC)\n\n \n\n \n\n1,000,000\n\n \n\n \n\n \n\n5.68\n\n%\n\n \n\n \n\n \n\n \n\n \n\n \n\nTotal – All officers\n\n \n\n \n\n10,858,333\n\n \n\n \n\n \n\n61.64\n\n%\n\n \n\n \n\n \n\n \n\n \n\n \n\nTotal – All over 5% shareholders and officers\n\n \n\n \n\n14,991,765\n\n \n\n \n\n \n\n84.54\n\n%\n\nWe presently have\n\n17,615,211\n\ncommon shares outstanding. Of these shares,\n\n2,623,446\n\n \n\ncommon shares are held by non-affiliates and\n\n14,991,765\n\ncommon shares are held by affiliates, which Securities Act of 1933 Rule 144 defines as restricted securities.\n\nUnder Rule 13d-3, a beneficial owner of a security includes any person who, directly or indirectly, through any contract, arrangement, understanding, relationship, or otherwise has or shares: (i) voting power, which includes the power to vote, or to direct the voting of shares; and (ii) investment power, which includes the power to dispose or direct the disposition of shares. Certain shares may be deemed to be beneficially owned by more than one person (if, for example, persons share the power to vote or the power to dispose of the shares). In addition, shares are deemed to be beneficially owned by a person if the person has the right to acquire the shares (for example, upon exercise of an option) within 60 days of the date as of which the information is provided.\n\nBased on\n\n17,615,211\n\nissued and outstanding shares of common stock.\n\n5. The principal of Twin Harbor Web Solutions is Michael McCloy, who has sole dispositive and voting power over the shares. The business address of Twin Harbor Web Solutions is 29 Creek Road, Bayville, NY 11709 US. Twin Harbor Web Solutions is a beneficial owner and a related party.\n\nThe address for Chief Executive Officer Jacob C. Fölscher is no 92 Jean avenue, Centurion 0157, South Africa.\n\nJacob C. Fölscher’s ownership is composed of: (a) 9,025,000 shares he individually owns; (b) 100,000 shares in the name of Fölscher Family Trust, a trust he controls through which he has dispositive and voting power; and (c) 50,000 shares owned by his wife, Kim Elizabeth Fölscher.\n\n \n\n29"}