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SCHEDULE 13D/A 0001104659-24-090874 0002034160 XXXXXXXX LIVE 4 Common Stock, $0.0001 par value per share 12/05/2025 false 0000803578 317970101 Firefly Neuroscience, Inc. 1100 MILITARY ROAD KENMORE NY 14217 Jordan Kupinsky (416) 515-2318 22 St. Clair Avenue East Suite 202 Toronto A6 M4T 2S3 0002034112 N WPC Management Services Inc. b OO N A6 0 938521 0 938521 938521 N 7.0 CO In reference to Rows 8, 10 and 11 above, this amount includes 938,521 shares of common stock ("Common Shares") of Firefly Neurosciences, Inc. (the "Issuer") held by Windsor Private Capital LP. In reference to Row 13 above, percentage ownership is based on 13,492,928 Common Shares of the Issuer outstanding as of December 2, 2025. 0002034166 N WPC GP I Inc. b OO N A6 0 938521 0 938521 938521 N 7.0 CO In reference to Rows 8, 10 and 11 above, this amount includes 938,521 Common Shares of the Issuer held by Windsor Private Capital LP. In reference to Row 13 above, percentage ownership is based on 13,492,928 Common Shares of the Issuer outstanding as of December 2, 2025. 0002034160 N Windsor Private Capital LP b OO N A6 0 938521 0 938521 938521 N 7.0 PN In reference to Rows 8, 10 and 11 above, this amount includes 938,521 Common Shares of the Issuer. In reference to Row 13 above, percentage ownership is based on 13,492,928 Common Shares of the Issuer outstanding as of December 2, 2025. 0001544321 N Jordan Kupinsky b OO N Z4 0 1007281 0 1007281 1007281 N 7.5 IN In reference to Rows 8, 10 and 11 above, this amount includes 938,521 Common Shares of the Issuer held by Windsor Private Capital LP, and 68,760 Common Shares held by HJRK Holdings Inc. In reference to Row 13 above, percentage ownership is based on 13,492,928 Common Shares of the Issuer outstanding as of December 2, 2025. 0002034082 N HJRK Holdings Inc. b OO N A6 0 68760 0 68760 68760 N 0.5 CO In reference to Row 13 above, percentage ownership is based on 13,492,928 Common Shares of the Issuer outstanding as of December 2, 2025. 0002034039 N Rocco Marcello b OO N Z4 0 938521 0 938521 938521 N 7.0 IN In reference to Rows 8, 10 and 11 above, this amount includes 938,521 Common Shares of the Issuer held by Windsor Private Capital LP. In reference to Row 13 above, percentage ownership is based on 13,492,928 Common Shares of the Issuer outstanding as of December 2, 2025. 0002034031 N John Cundari b OO N Z4 0 938521 0 938521 938521 N 7.0 IN In reference to Rows 8, 10 and 11 above, this amount includes 938,521 Common Shares of the Issuer held by Windsor Private Capital LP. In reference to Row 13 above, percentage ownership is based on 13,492,928 Common Shares of the Issuer outstanding as of December 2, 2025. Common Stock, $0.0001 par value per share Firefly Neuroscience, Inc. 1100 MILITARY ROAD KENMORE NY 14217 This Amendment No. 4 (this "Amendment No. 4") to Schedule 13D amends and supplements the Schedule 13D originally filed on August 19, 2024, as amended by Amendment No. 1 filed on October 15, 2025, Amendment No. 2 filed on October 23, 2025 and Amendment No. 3 filed on November 7, 2025 (the "Schedule 13D"). As used in this Amendment No. 4, the term "Reporting Persons" collectively refers to: WPC Management Services Inc., a corporation formed under the laws of Ontario, Canada ("WPC Management"); WPC GP I Inc., a corporation formed under the laws of Ontario, Canada ("WPC"); Windsor Private Capital LP, a limited partnership formed under the laws of Ontario, Canada ("Windsor"); Jordan Kupinsky, a Canadian citizen ("Mr. Kupinsky"), Managing Partner of Windsor; HJRK Holdings Inc., a corporation formed under the laws of Ontario, Canada ("HJRK"); Rocco Marcello, a Canadian citizen ("Mr. Marcello"), Founder, Chairman and Executive Officer of Windsor; and John Cundari, a Canadian citizen ("Mr. Cundari"), President of Windsor. Information reported in the original Schedule 13D remains in effect except to the extent that it is amended or superseded by information contained in this Amendment No. 4. The information set forth in Items 4 and 5 is hereby incorporated by reference into Item 3. As further described in Item 5(c) below, the Reporting Persons sold an aggregate of 164,252 Common Shares between November 6, 2025 and December 9, 2025. As a result of the transactions described herein, the aggregate percentage of Common Shares that the Reporting Persons may be deemed to beneficially own decreased, as disclosed on the cover pages of this Amendment No. 4. The information relating to the beneficial ownership of the Common Shares by each of the Reporting Persons set forth in Rows 7 through 13 of the cover pages hereto is incorporated by reference herein. The percentages set forth in Row 13 for all cover pages filed herewith are calculated based upon 13,492,928 Common Shares outstanding as of December 2, 2025, as reported in the Issuer's Registration Statement on Form S-3 filed with the Securities and Exchange Commission on December 3, 2025. See (a). The Reporting Persons effected the following transactions in the open market in the Common Shares on the dates indicated, and such transactions are the only transactions in the Common Shares by the Reporting Persons in the sixty days preceding the filing of this Amendment No. 4, or since the most recent filing of Schedule 13D by the Reporting Persons, whichever is less. Windsor sold 17,200 Common Shares on November 17, 2025 at a price of $1.5020 per Common Share. Windsor sold 10,700 Common Shares on November 18, 2025 at a price of $1.5670 per Common Share. Windsor sold 24,500 Common Shares on November 19, 2025 at a price of $1.6319 per Common Share. Windsor sold 15,400 Common Shares on November 20, 2025 at a price of $1.5969 per Common Share. Windsor sold 18,100 Common Shares on November 21, 2025 at a price of $1.5461 per Common Share. Windsor sold 4,600 Common Shares on November 24, 2025 at a price of $1.5709 per Common Share. Windsor sold 4,600 Common Shares on November 25, 2025 at a price of $1.5941 per Common Share. Windsor sold 5,100 Common Shares on November 26, 2025 at a price of $1.5679 per Common Share. Windsor sold 7,000 Common Shares on November 28, 2025 at a price of $1.7456 per Common Share. Windsor sold 8,000 Common Shares on December 1, 2025 at a price of $1.6483 per Common Share. Windsor sold 4,600 Common Shares on December 2, 2025 at a price of $1.5934 per Common Share. Windsor sold 3,900 Common Shares on December 3, 2025 at a price of $1.6206 per Common Share. Windsor sold 7,152 Common Shares on December 4, 2025 at a price of $1.6997 per Common Share. Windsor sold 14,000 Common Shares on December 5, 2025 at a price of $1.6493 per Common Share. Windsor sold 4,600 Common Shares on December 8, 2025 at a price of $1.6366 per Common Share. Windsor sold 14,800 Common Shares on December 9, 2025 at a price of $1.7010 per Common Share. WPC Management Services Inc. /s/ John Cundari John Cundari, Partner 12/09/2025 WPC GP I Inc. /s/ John Cundari John Cundari, Partner 12/09/2025 Windsor Private Capital LP /s/ John Cundari John Cundari, Partner, WPC GP I Inc., as general partner of Windsor Private Capital LP 12/09/2025 Jordan Kupinsky /s/ JORDAN KUPINSKY JORDAN KUPINSKY 12/09/2025 HJRK Holdings Inc. /s/ Jordan Kupinsky Jordan Kupinsky, President and Director 12/09/2025 Rocco Marcello /s/ ROCCO MARCELLO ROCCO MARCELLO 12/09/2025 John Cundari /s/ JOHN CUNDARI JOHN CUNDARI 12/09/2025