SC 13D 1 RADLLCTFTM13DANo4.txt SCHEDULE 13D 9-6-22 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 4)* Tax Free Target Maturity Fund for Puerto Rico Residents, Inc. (Name of Issuer) Common Shares, $0.01 par value (Title of Class of Securities) 87677T105 (CUSIP Number) Daniel Morman 5055 Collins Ave, #6L Miami Beach, FL 33140 (305) 807-2136 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) September 1, 2022 (Date of Event Which Requires Filing of This Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box. [ ] (Page 1 of 7 Pages) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 87677T105 SCHEDULE 13D Page 2 of 7 Pages 1.NAME OF REPORTING PERSON RAD Investments LLC 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a): [ ] (b): [ ] 3. SEC USE ONLY 4. SOURCE OF FUNDS WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] 6. CITIZENSHIP OR PLACE OF ORGANIZATION Puerto Rico NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7.SOLE VOTING POWER 0 8.SHARED VOTING POWER 1,391,523 9.SOLE DISPOSITIVE POWER 0 10.SHARED DISPOSITIVE POWER 1,391,523 11.AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 1,391,523 12.CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13.PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.8% (1) 14.TYPE OF REPORTING PERSON OO (1) The percentages used herein are based upon 23,897,920 shares of common stock outstanding, which represents the shares of common stock outstanding as of December 31, 2021, according to the Fund's Certified Shareholder Report, Semi-Annual on Form N-CSRS (the "Shareholder Report") filed with the Securities and Exchange Commission ("SEC") on March 9, 2022. CUSIP No. 87677T105 SCHEDULE 13D Page 3 of 7 Pages 1.NAME OF REPORTING PERSON Ethan A. Danial 2.CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a): [ ] (b): [ ] 3.SEC USE ONLY 4.SOURCE OF FUNDS WC, PF 5.CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] 6.CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7.SOLE VOTING POWER 254,801 8.SHARED VOTING POWER 1,391,523 (1) 9.SOLE DISPOSITIVE POWER 254,801 10.SHARED DISPOSITIVE POWER 1,391,523 (1) 11.AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 1,646,324 12.CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13.PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.9% (2) 14.TYPE OF REPORTING PERSON IN (1) These shares are deemed to be beneficially owned by Mr. Danial in his capacity as manager of RAD Investments LLC. (2) The percentages used herein are based upon 23,897,920 shares of Common Stock outstanding as of December 31, 2021, as disclosed in the Shareholder Report. CUSIP No. 87677T105 SCHEDULE 13D Page 4 of 7 Pages The following constitutes Amendment No. 4 ("Amendment No. 4") to the Schedule 13D filed by the undersigned with the Securities and Exchange Commission (the "SEC") on June 7 , 2022, as amended by the Amendment No. 1 filed on June 27, 2022, Amendment No. 2 filed on July 13, 2022, and Amendment No. 3 filed on August 1, 2022 (collectively, the "Schedule 13D"). This Amendment No. 4 amends the Schedule 13D as specifically set forth herein: Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION Item 3 is hereby amended and restated in its entirety as follows: The funds for the purchase of the 1,391,523 shares of Common Stock beneficially owned by RAD Investments LLC were derived from the working capital of RAD Investments LLC. The funds for the purchase of the 254,801 shares of Common Stock beneficially owned by Mr. Danial were derived from the personal funds of Mr. Danial. A total of $1,548,044.67, inclusive of broker fees, was paid to acquire the shares of Common Stock reported herein, before giving effect to any return of principal distributions. CUSIP No. 87677T105 SCHEDULE 13D Page 5 of 7 Pages Item 5. INTEREST IN SECURITIES OF THE ISSUER Items 5(a) - (c) are hereby amended and restated as follows: (a) and (b) Items 7 through 11 and 13 of each of the cover pages of this Amendment No. 4 and Item 3 are incorporated herein by reference. The aggregate percentage of shares of Common Stock reported to be owned by each Reporting Person is based upon 23,897,920 shares of Common Stock outstanding as of December 31, 2021, as disclosed in the Issuer's Shareholder Report on Form N-CSRS filed with the SEC on March 9, 2022. (c) The transactions in the shares of Common Stock by RAD Investments LLC and Mr. Danial since its most recent filing of Schedule 13D or amendment thereof are set forth in Schedule A and are incorporated herein by reference. CUSIP No. 87677T105 SCHEDULE 13D Page 6 of 7 Pages SIGNATURES After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: September 6, 2022 RAD Investments LLC By: /s/ Ethan Danial Name: Ethan Danial Title: Member; Manager Ethan A. Danial /s/ Ethan Danial CUSIP No. 87677T105 SCHEDULE 13D Page 7 of 7 Pages Schedule A This Schedule sets forth information with respect to each purchase and sale of shares of Common Stock which were effectuated by the Reporting Person since its most recent filing of Schedule 13D or amendment thereof. All transactions were effectuated in the open market through a broker. Reporting Person Trade Date Shares Purchased (Sold) Price Per Share ($) Ethan Danial 9/1/2022 100,000 0.522 RAD Investments LLC 9/1/2022 111,538 0.522