SCHEDULE 13G/A

Tucows Inc

Common Stock, no par value · CUSIP: 898697206

Event date: 2025-03-31

Reporting persons may disclose overlapping interests. Their amounts are shown individually and are not added into a filing total.

Filing-level shares

Unavailable

Percent of class

Unavailable

• Blacksheep Fund Management Ltd.

  Shares: 1,091,985.00 · Class: 9.9%

• Blacksheep Master Fund Ltd.

  Shares: 1,091,985.00 · Class: 9.9%

• Herdwick Capital Ltd.

  Shares: 1,091,985.00 · Class: 9.9%

• Alexis Fortune

  Shares: 1,091,985.00 · Class: 9.9%

Amounts are as disclosed in this filing. Schedule type alone does not establish investment intent.