FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
Barsoum Wael Kamal

(Last) (First) (Middle)
343 CORAL WAY

(Street)
FORT LAUDERDALE FL 33301

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
09/09/2026
3. Issuer Name and Ticker or Trading Symbol
Stewards, Inc. [ SWRD ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, par value $0.0001 per share 630,000
I
Held in an account at Stewards Investment Capital Limited as nominee (1)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Common Warrants 09/09/2026 11/15/2029 Common Stock 630,000 0.4 I Same as Table I (1) (2)
Pre-Funded Warrants   (3)   (3) Common Stock 9,000 0.0001 I Same as Table I (1) (2)
Restricted Stock Units 05/08/2027   (5) Common Stock 45,000 (4) 0 D  
Explanation of Responses:
1. These common shares, common warrants, and pre-funded warrants are held of record by Stewards Investment Capital Limited as nominee under a client mandate for the reporting person. The reporting person has the pecuniary interest and investment power. The record holder disclaims beneficial ownership except as a nominee.
2. Represents common warrants to purchase 630,000 shares at $0.40 per share, expiring November 15, 2029, acquired in connection with Common Units issued under the issuer's September 9, 2024 Securities Purchase Agreement.
3. Represents 600,000 pre-funded warrants. Each pre-funded warrant is exercisable for 3/200ths of one share, or 9,000 shares in the aggregate, at $0.0001 per share. Exercisability and expiration are as set forth in the applicable warrant.
4. Represents 45,000 restricted stock units granted on May 8, 2026 under the issuer's 2024 Equity Incentive Plan. The units cliff-vest 100% on May 8, 2027, subject to continued service as a director. Each unit represents the right to receive one share of common stock upon settlement. The units have no expiration date other than forfeiture if the vesting conditions are not met.
5. There is no expiration date for this security.
/s/ Wael Kamal Barsoum 09/21/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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