1 |
NAME OF REPORTING PERSON:
Nepsis Capital Management, Inc.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
41-1887702
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2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
[ ] (a)
[X] (b)
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3 |
SEC USE ONLY
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4 |
SOURCE OF FUNDS:
OO
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5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
[ ]
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6 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Minnesota, USA
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7 |
SOLE VOTING POWER
0
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8 |
SHARED VOTING POWER
0
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9 |
SOLE DISPOSITIVE POWER
8,383,325
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10 |
SHARED DISPOSITIVE POWER
0
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11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,383,325
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12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
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13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.96%
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14 |
TYPE OF REPORTING PERSON
IA
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ITEM 1. | SECURITY AND ISSUER: |
Ecoark Holdings, Inc. Common 3333 S. Pinnacle Hills Pkwy Suite 220 Rogers, AR 72758 USA |
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ITEM 2. | IDENTITY AND BACKGROUND: |
a. Nepsis Capital Management Inc. b. 8692 Eagle Creek Circle Minneapolis, MN 55378 c. Registered Investment Advisor d. N/A e. N/A f. USA |
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ITEM 3. | SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION: |
Over the period of the last 60 days, Nepsis Capital Management, Inc., in its capacity as a RIA, used an aggregate of $14,266,954.59 of funds provided through the accounts of certain of its investment advisory clients to purchase the Securities reported as beneficially owned. |
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ITEM 4. | PURPOSE OF TRANSACTION: |
The Securities reported as beneficially owned in Item 5 were purchased by Nepsis Capital Management, Inc. in its capacity as a RIA on behalf of its investment advisory clients for investment purposes in the ordinary course of business. a. Nepsis Capital Management, Inc. intends to make additional purchases in limited amounts as deemed appropriate by market conditions. b. None c. None d. None e. None f. None g. Nepsis Capital Management, Inc. has no interest in obtaining control of Ecoark Holdings, Inc. h. Nepsis Capital Management, Inc. would likely reduce its position in Ecoark Holdings, Inc. i. See (h.) j. See (h.) |
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ITEM 5. | INTEREST IN SECURITIES OF THE ISSUER: |
a. The aggregate number of Securities to which this Schedule 13D relates is 8,383,325 shares, representing 19.96% of the 42,010,000 shares outstanding. b. 8,383,325 shares c. Date Advisor Account Account Description Description Date Symbol Type Price Total Shares 2/21/2017 EARK BUY 4.16 3797 2/22/2017 EARK BUY 4.16 17887 2/22/2017 EARK SELL $4.05 5,000 2/22/2017 EARK SELL $4.20 10,000 2/23/2017 EARK BUY 4.03 4290 2/24/2017 EARK BUY 4 997 2/24/2017 EARK BUY 3.85 6923 2/27/2017 EARK BUY 4.02 19950 2/27/2017 EARK BUY 4 3200 2/28/2017 EARK BUY 4.09 18469 2/28/2017 EARK SELL $4.10 100 3/1/2017 EARK BUY 4.2 2100 3/1/2017 EARK BUY 4.25 100 3/1/2017 EARK BUY 4.3 8675 3/1/2017 EARK BUY 4.44 19253 3/1/2017 EARK BUY 4.48 11000 3/1/2017 EARK BUY 4.57 100 3/1/2017 EARK BUY 4.5 9800 3/1/2017 EARK SELL $4.48 10,000 3/2/2017 EARK BUY 4.74 2498 3/2/2017 EARK BUY 4.63 4100 3/2/2017 EARK BUY 4.57 1900 3/2/2017 EARK BUY 4.65 500 3/3/2017 EARK BUY 4.67 8744 3/3/2017 EARK BUY 4.65 2215 3/6/2017 EARK BUY 4.56 4642 3/6/2017 EARK BUY 4.74 3422 3/6/2017 EARK BUY 4.53 600 3/6/2017 EARK BUY 4.55 1318 3/6/2017 EARK BUY 4.5 1000 3/6/2017 EARK BUY 4.2 500 3/6/2017 EARK BUY 4.15 500 3/6/2017 EARK BUY 4.1 600 3/6/2017 EARK BUY 4.25 782 3/6/2017 EARK BUY 4.54 500 3/6/2017 EARK BUY 4.59 500 3/6/2017 EARK BUY 4.6 400 3/6/2017 EARK BUY 4.7 500 3/6/2017 EARK BUY 4.72 2000 3/7/2017 EARK BUY 5.04 72319 3/7/2017 EARK BUY 5.1 9175 3/7/2017 EARK BUY 5.23 3872 3/7/2017 EARK BUY 5.09 800 3/7/2017 EARK BUY 4.67 8 3/7/2017 EARK BUY 5.22 1000 3/7/2017 EARK BUY 5.2 800 3/7/2017 EARK SELL $5.05 100 3/7/2017 EARK SELL $5.00 4,900 3/7/2017 EARK SELL $5.04 1,438 3/7/2017 EARK SELL $5.04 1,135 3/7/2017 EARK SELL $5.00 300 3/8/2017 EARK BUY 5.89 192293 3/8/2017 EARK BUY 5.8 38618 3/9/2017 EARK BUY 6.28 12049 3/9/2017 EARK BUY 6.39 121735 3/9/2017 EARK BUY 6.5 900 3/9/2017 EARK BUY 5.04 4670 3/9/2017 EARK SELL $6.30 11 3/10/2017 EARK BUY 7.37 111795 3/10/2017 EARK BUY 7.43 13148 3/13/2017 EARK BUY 7.65 73973 3/13/2017 EARK BUY 7.52 1000 3/14/2017 EARK BUY 5.9 153597 3/15/2017 EARK BUY 5.56 180919 3/15/2017 EARK BUY 4.91 93550 3/15/2017 EARK SELL $5.90 876 3/16/2017 EARK BUY 4.99 55881 3/16/2017 EARK BUY 5 68355 3/16/2017 EARK SELL $4.95 762 3/17/2017 EARK BUY 5.01 57878 3/17/2017 EARK BUY 5 5000 3/17/2017 EARK SELL $4.95 900 3/20/2017 EARK BUY 4.99 102206 3/20/2017 EARK SELL $5.00 200 3/21/2017 EARK BUY 5 49883 3/22/2017 EARK BUY 4.94 140583 3/22/2017 EARK BUY 4.88 68 3/22/2017 EARK BUY 5.04 1 3/22/2017 EARK SELL $4.81 1,950 3/22/2017 EARK SELL $5.00 2,050 3/22/2017 EARK SELL $4.85 23 3/23/2017 EARK BUY 4.81 9118 3/23/2017 EARK SELL $4.56 566 3/23/2017 EARK SELL $4.82 230 3/23/2017 EARK SELL $4.56 1,351 3/23/2017 EARK SELL $4.56 1,837 3/23/2017 EARK SELL $4.56 1,587 3/24/2017 EARK BUY 4.83 34833 3/24/2017 EARK SELL $4.65 2 3/27/2017 EARK BUY 4.48 18448 3/28/2017 EARK BUY 4.41 84960 3/28/2017 EARK BUY 4.4 4 3/28/2017 EARK SELL $4.45 44 3/28/2017 EARK SELL $4.41 2,620 3/28/2017 EARK SELL $4.41 446 3/29/2017 EARK BUY 4.59 121196 3/29/2017 EARK BUY 4.57 20455 3/29/2017 EARK BUY 4.5 10 3/29/2017 EARK SELL $4.59 2,650 3/30/2017 EARK BUY 4.5 20000 3/30/2017 EARK BUY 4.41 19620 3/30/2017 EARK BUY 4.59 3294 3/30/2017 EARK BUY 4.57 3843 3/30/2017 EARK SELL $4.40 10,000 3/31/2017 EARK BUY 4.73 125636 3/31/2017 EARK BUY 4.65 12908 3/31/2017 EARK BUY 7.37 12210 4/3/2017 EARK BUY 4.45 1000 4/3/2017 EARK BUY 4.5 465 4/3/2017 EARK BUY 4.3 8 4/3/2017 EARK SELL $4.27 271 4/3/2017 EARK SELL $4.40 5,000 4/3/2017 EARK SELL $4.25 2,970 4/3/2017 EARK SELL $4.30 3,000 4/4/2017 EARK BUY 4.54 103058 4/4/2017 EARK BUY 4.46 18817 4/4/2017 EARK SELL $4.43 200 4/5/2017 EARK BUY 4.45 2294 4/5/2017 EARK BUY 4.59 74 4/5/2017 EARK BUY 4.49 4670 4/5/2017 EARK BUY 4.54 149 4/5/2017 EARK SELL $4.45 805 4/6/2017 EARK BUY 4.63 2900 4/6/2017 EARK BUY 4.69 55450 4/6/2017 EARK BUY 4.7 12100 4/6/2017 EARK BUY 4.6 873 4/6/2017 EARK SELL $4.65 587 4/6/2017 EARK SELL $4.67 431 4/7/2017 EARK BUY 4.72 75127 4/10/2017 EARK BUY 4.92 96250 4/10/2017 EARK BUY 5 400 4/11/2017 EARK BUY 5.06 50300 4/11/2017 EARK BUY 5.1 81 4/11/2017 EARK BUY 5.15 836 4/11/2017 EARK SELL $5.00 52 4/12/2017 EARK BUY 4.99 2000 4/12/2017 EARK BUY 4.98 16600 4/12/2017 EARK BUY 4.92 395 4/12/2017 EARK BUY 5 2170 4/12/2017 EARK SELL $4.80 1,296 4/13/2017 EARK BUY 5.07 7900 4/13/2017 EARK BUY 4.99 301 4/13/2017 EARK SELL $4.85 89 4/13/2017 EARK SELL $4.70 1 4/13/2017 EARK SELL $4.85 546 4/17/2017 EARK BUY 4.59 6200 4/17/2017 EARK BUY 4.57 7100 4/17/2017 EARK SELL $4.50 2,245 4/18/2017 EARK BUY 4.43 15100 4/18/2017 EARK BUY 4.59 2390 4/18/2017 EARK BUY 4.58 1122 4/18/2017 EARK BUY 4.5 10000 d.N/A e.N/A |
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ITEM 6. | CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER: |
None | |
ITEM 7. | MATERIALS TO BE FILES AS EXHIBITS: |
None |
October 27 2017 |
Nepsis Capital Management, Inc.
By:
/s/ Mark W. Pearson
Name:
Mark W. Pearson
Title:
CIO & President
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