Sindex SSI Lending, LLC - 11 Aug 2025 Form 3 Insider Report for Picard Medical, Inc. (PMI)

Role: 10%+ Owner
Signature: /s/ Randall Schultz, Authorized Agent for Sindex SSI Lending, LLC
Issuer symbol: PMI
Transactions as of: 11 Aug 2025
Transactions value $: $0
Form type: 3
Filing time: 13 Nov 2025, 16:15:36 UTC
SEC: View on sec.gov

Reporting Owners (6)

Name	Relationship	Address	Signature	Signature date	CIK
Sindex SSI Lending, LLC	10%+ Owner	C/O VERSA CAPITAL MANAGEMENT, LLC, 130 N. 18TH STREET, SUITE 315, PHILADELPHIA	/s/ Randall Schultz, Authorized Agent for Sindex SSI Lending, LLC	13 Nov 2025	0002095507
VERSA CAPITAL FUND III, L.P.	10%+ Owner	C/O VERSA CAPITAL MANAGEMENT, LLC, 130 N. 18TH STREET, SUITE 315, PHILADELPHIA	/s/ Randall Schultz, Authorized Agent for Versa Capital Fund III, L.P.	13 Nov 2025	0001563325
Versa FGP-III, L.P.	10%+ Owner	C/O VERSA CAPITAL MANAGEMENT, LLC, 130 N. 18TH STREET, SUITE 315, PHILADELPHIA	/s/ Randall Schultz, Authorized Agent for Versa FGP-III, L.P.	13 Nov 2025	0002096232
Versa UGP-III, LLC	10%+ Owner	C/O VERSA CAPITAL MANAGEMENT, LLC, 130 N. 18TH STREET, SUITE 315, PHILADELPHIA	/s/ Randall Schultz, Authorized Agent for Versa UGP-III, LLC	13 Nov 2025	0002093908
Versa Capital Group, LLC	10%+ Owner	C/O VERSA CAPITAL MANAGEMENT, LLC, 130 N. 18TH STREET, SUITE 315, PHILADELPHIA	/s/ Randall Schultz, Authorized Agent for Versa Capital Group, LLC	13 Nov 2025	0001613119
Segall Gregory L	10%+ Owner	C/O VERSA CAPITAL MANAGEMENT, LLC, 130 N. 18TH STREET, SUITE 315, PHILADELPHIA	/s/ Randall Schultz, Authorized Agent for Gregory L. Segall, an individual	13 Nov 2025	0001560010

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	PMI	Common Stock, par value $0.0001 per share						7.94M	11 Aug 2025	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares are held by Sindex SSI Lending, LLC, a Delaware limited liability company ("Sindex"). Versa Capital Fund III, L.P. ("CF III") is the sole member of Sindex. Versa FGP-III, L.P. ("FGP-III") is the general partner of CF III. Versa UGP-III, LLC ("UGP-III") is the general partner of FGP-III. Versa Capital Group, LLC ("Versa") is the sole member of UGP-III. Gregory L. Segall ("Mr. Segall," and together with Sindex, CF III, FGP-III, UGP-III, and Versa, the "Reporting Persons") has voting and dispositive power over shares held by Versa.

Content

These shares are held by Sindex SSI Lending, LLC, a Delaware limited liability company ("Sindex"). Versa Capital Fund III, L.P. ("CF III") is the sole member of Sindex. Versa FGP-III, L.P. ("FGP-III") is the general partner of CF III. Versa UGP-III, LLC ("UGP-III") is the general partner of FGP-III. Versa Capital Group, LLC ("Versa") is the sole member of UGP-III. Gregory L. Segall ("Mr. Segall," and together with Sindex, CF III, FGP-III, UGP-III, and Versa, the "Reporting Persons") has voting and dispositive power over shares held by Versa.

Remarks:

The filing of this Statement shall not be construed as an admission by any Reporting Person (a) that such person is, for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the beneficial owner of any securities covered by this Statement, or (b) that this Statement is legally required to be filed by such person. Each of the Reporting Persons disclaims beneficial ownership of any securities covered by this Statement except to the extent of such person's pecuniary interest in such securities. Exhibit List: Exhibit 24.1 - Power of Attorney