# ZIV INVESTMENT COMPANY X-17A-5 (2026-03-17) — Broker-dealer annual report

- Company: ZIV INVESTMENT COMPANY
- Form: X-17A-5
- Filed: 2026-03-17
- Period: 2025-12-31
- Accession: 0000200854-26-000004
- CIK: 200854
- File #: 8-18119
- Type: Broker-dealer
- Material weakness: Yes
- Auditor: Ryan & Juraska
- Auditor location: CHICAGO, IL
- Contact: Pamela Lambert
- Phone: 3124277208
- Email: plambert@zivinvestment.com
- Website: zivinvestment.com
- Signed by: Peter Ziv (President)

Original filing: https://www.sec.gov/Archives/edgar/data/200854/000020085426000004/zivaudit25p-.pdf

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# ZIV INVESTMENT COMPANY, LLC

FINANCIAL STATEMENTS AND REPORT OF INDEPENDENT REGISTERED PUBUC ACCOUNTING FIRM PURSUANTTO RULE 17a-S

DECEMBER 31, 2025

PUBLIC

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| UNITED STATES                      |
|------------------------------------|
| SECURITIES AND EXCHANGE COMMISSION |
| Washington, D.C. 20549             |

# ANNUAL REPORTS FORM X-17A-5 PART III

| Expires: Nov. 01, 2026   |     |
|--------------------------|-----|
| Estimated average burden |     |
| hours per response:      | 112 |
|                          |     |
| SEC FILE NUMBER          |     |
| 8-18119                  |     |

OMB APPROVAL OMB Number: 3235-0123

FACING PAGE

Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934

| FILING FOR THE PERIOD BEGINNING 01/01/2025 |                              | AND ENDING | 12/31/2025 |  |
|--------------------------------------------|------------------------------|------------|------------|--|
|                                            | MM/0D/YY                     |            | MM/DD/YY   |  |
|                                            | A DEAICTh ANT Inchitic ATION |            |            |  |

NAME OF FIRM: Ziv Investment Company, LLC.

TYPE OF REGISTRANT (check all applicable boxes):

E Broker-dealer D Security-based swap dealer J Major security-based swap participant O Check here if respondent is also an OTC derivatives dealer

ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.)

# 141 W Jackson Blvd, Suite 2095

|                                              | B. ACCOUNTANT IDENTIFICATION   |                            |
|----------------------------------------------|--------------------------------|----------------------------|
| (Name)                                       | (Area Code - Telephone Number) | (Email Addross)            |
| Pamela Lambert                               | (312) 427-7208                 | plambert@zivinvestment.com |
| PERSON TO CONTACT WITH REGARD TO THIS FILING |                                |                            |
| (City)                                       | (State)                        | (Zip Code)                 |
| Chicago                                      | Illinois                       | 60604                      |
|                                              | (No. and Street)               |                            |

INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filling \*

Ryan & Juraska LLP

|                                                  | (Name - if Individual, state last, first, and middle name) |         |                                          |
|--------------------------------------------------|------------------------------------------------------------|---------|------------------------------------------|
| 141 W Jackson Blvd, Suite 2250 Chicago           |                                                            |         | Illinois . 60604                         |
| (Address)                                        | (City)                                                     | (State) | (Zip Code)                               |
| March 24, 2009                                   |                                                            | 3407    |                                          |
| (Date of Registration with PCAOB)(If applicable) |                                                            |         | PCAOB Registration Number, If applicable |
|                                                  | FOR OFFICIAL USE ONLY                                      |         |                                          |
|                                                  |                                                            |         |                                          |

\* Claims for exemption from the requirement that the annual reports he covered by the reports of an Independent public accountant must be supported by a statement of facts and circumstances relled on as the basis of the exemption. See 17 CFR 240.17a-5(e){1}(li}, if applicable.

Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

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### OATH OR AFFIRMATION

I, Peter G. Ziv, swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of Ziv Investment Company, LLC as of 12/31, 2025, is true and correct. I further swear (or affirm) that neither the company nor any partner, office, director, or equivalent person, as case may be, has any proprietary Interest In any account classified solely as that of a customer.

This fUlng<sup>0</sup>contains (check all appllcol>lo lioxes):

- ~ (a) statement of flnanclal condition.
- ~ (bl Noles to consolidated statement of flnanclal conJltlon.
- f; (c) Statement of h1come (loss) or, If there Is other comprchonslve Income In the perlod(s) presented, a statement of comprehensive Income (as defined In § 210,1·02 of negulatlon **S·X).**
- f.4 (d) Statement of cash flows.
- ~ (e) Statement of changes In stockholders' or patlners' or sole proprietor's equity,
- *o=:* (I) Statement of changes In llabllltl()s subordinated to clalms of creditors,
- ~ (gl Notes to consolidated flnanclal statements,
- ~ (h) Computation of net capital under 17 Cl'R 2il0,1Sc:l·1 or 17 crn 240.1Ba•1, as applicable.
- 0 (I) Computation of tanglblenetworth under l7 Cfn 240,18a-2,
- 1:1 (I) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 cm 240.15c3•3,
- 0 (kl Computation for deterr'lllnatlon of security-based swap reserve requirements pursuant to Exhibit B to 17 cm l40.15c:1•3 or EKhlblt A to17 CFR 2il0.18a•il, as applicable,
- *B* (I) Computation for Determination of PAO nequlrements under Exhibit A to§ 240,1.5c'3·S.
- El (m) Information relatlng to possession or control requirements for customers under 17 cFn 2i10.15ca-3,
- D (n) 1nformatlo11 relallno to possession or control requirements for serntlty-based swap customers under 17 cr-11 :i.40,1Sc3-3(p)(2) or 1.7 CFf\ :>.40,18a•4, as applicable.
- [iJ (o) naconclllatlons, lncludlna appropriate explanntlons, of the FOCUS ne»ort with computation of net capltnl or tanglble net ,vo,th under 17 CFn 240,1.5ca-1, 17 Cffi 240.1Ba•1, or 17 crn 240.1Ba•2, as npplicahle, and \he roserve requirements under l7 cm 240.1.5c3•3 or 17 crn 2,\0,1Ba-4, as appllcable, If material cllflerences exist, or n statement that no materlal differences exist,
- O (p) summary of flnanclal data for subsidiaries not consolidated In thestateinent of financial condition. .
- ~ (ql Oath or offlrmatlon In accordance with 17 CFn 240.17a•5, 17 cm 21\0.17a•12, or 1 '/ crn 240.1Ba•7, as applicable,
- :J (r) Compliance report In accordance with 17 Cff\ 21l0.17a•S or 17 cr-n2i10.1Ba•7, as applicable,
- 0 (~) E><empllon report In accordance with 17 Cl'n 240.17a·5 or 17 cr-n 240,1Ba-7, as applicable,

.-

- \i It) lndependelll pullllcaccountont's report based on an examination of the statement of nnanclal condition.
- ~ (u) lndependentpul>llcaccountant's report based on :in examination of the flnanclal report or financial statements under 17 cm 240.17a•5, 17 CFn 240.1Ba•7, or17 cm 2'10,170-12, as applicable,
- ~ (v) lnclependqnt publlc accountant's report based on an exomlnatlon of cerl~ln statements ln the cornpllonce report under 17 cr,n 240,17a•S or 17 CfR 240.18a-7, as applkalile .
- . O (w) Independent pul.Jlic accountant's report based on a review of the exemption report under 17 crn ?.40,17a-5 t1r 17 Cr-rt 240,lBa-7, as r1ppltcable,
	- n (x) Supplemental reports on applvlng ngreed-upon procedures, In uccordance with 17 Cff\ ?.40,1!.ic3-1e or 17 Cflt 2'10,17a·12, os applicable,
	- ~;,• (y) neport descrlblno any material Inadequacies found to exist or found to have existed ~nee the date of the previous audit, or a staternont that no material Inadequacies exist, under 17 CFR 240,17a•12(k).
	- 0 (l)Other: \
	- <sup>0</sup> *To request confidentlo/ lreotment of cerloln porlfo11s of* 1/11s ///lflO, *\$ee 17 CFR.240.17o-.5(e){3) or 17 CFR 2il0.18a-l(d)(2), ns*  oppl/coble. '

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RYAN &JURASKA LLP Certified Public Accountants

141 West Jackson Boulevard Chicago, Jlllnols 60604

Tel: 312.922.0062 Fax: 312.922.0672

### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

To the Member of Ziv Investment Company LLC

### **Opinion on the Financial Statement**

We have audited the accompanying statement of financial condition of Ziv Investment Company LLC (the "Company") as of December 31, 2025, and the related notes (collectively referred to as the "financial statement"). In our opinion, the statement of financial condition presents fairly, in all material respects, the financial position of Ziv Investment Company LLC as of December 31, 2025 in conformity with accounting principles generally accepted in the United States of America.

#### **Basis for Opinion**

This financial statement is the responsibility of Ziv Investment Company LLC's management. Our responsibility is to express an opinion on the Company's financial statement based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to Ziv Investment Company LLC in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement is free of material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statement, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statement. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statement. We believe that our audit provides a reasonable basis for our opinion.

We have served as the Company's auditor since 2015. Chicago, Illinois March 16, 2026

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# ZIV INVESTMENT COMPANY U.C STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2025

### ASSETS

| Cash and Cash Equivalents                                  | 208,732   |
|------------------------------------------------------------|-----------|
| Receivables from Brol<er/Dealer and Clearing Organizations | 705,464   |
| Securities Owned, at Fair Value                            | 3,606,909 |
| Right of Use Asset                                         | 75,840    |
| other Assets                                               | 34,072    |
| TOTAL ASSETS                                               | 4,631,017 |

### **LIABILITIES AND MEMBER'S EQUITY**

#### **LIABILITIES**

| Bani< Loan Payable                                  | 1,120,000 |
|-----------------------------------------------------|-----------|
| Payable to Noncustomers                             | 3,017     |
| Payable to Broker/Dealer and Clearing Organizations | 5,249     |
| Payable to Customers                                | 726,142   |
| Lease Ltability                                     | 75,840    |
| Accounts Payable                                    | 47,992    |
| TOTAL LIABILITIES                                   | 1,978,240 |
| MEMBER'S EQUITY                                     |           |
| Total Member's Equity                               | 2,652,777 |
| TOTAL LIABILITIES AND MEMBER'S EQUITY               | 4,631,017 |

Note: The accompanying notes are an integral part of these financial statements,

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# ZlV 1NVESTMENTCOMPANY, LLC NOTES TO FINANCIAL STATEMENTS YEARENDEDDECEMBER31, 2025

### NOTE i -ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES

Organization - Ziv Investment Company (the "Company") was inco1µornted \lnder the laws of the slate of Delaware on October 29, 1969. On December 22 of 2025, lhe Company changed it's cmporate structure from an S-Corp to a Limited Liability Company('LLC'). The Company is registered as a brokel'/dealer and investment advisor with the Securities and Exchange Commission and is also a member of the Financial Industry Regnlato1y Authority (FlNRA) and the Depository Trnst Cleal'ing Corporation. The Company's prima1y activity is equity and options llrokerage.

The Company's financial statements have been prepared in accordance with accounting pt'inciples generally accepted in the United States or U.S. GAAP. The Accounting Standards Codification or ASC, established by the Financial Accounting Standards Board, or FASB is the source of all authoritative U.S. GAAP to be applied by non-governmental entities.

Securities Transactions - Prnprietary secmities transactions in regular-way trades are recorded on !he trade date, as if they had settled. Profit and loss arising from all securities lrnnsaclions entered into for the account and risk of the Company are recorded on a trade date basis. Commission income and expenses from customer securities transactions are rcpmicd on a settlement date basis. Management has concluded there is no material difference between lhe sel!lement date and trade date basis.

Secnrities Owned - Securities are **recortled** at fair value in accordance with FASB ASC 820, *Fair Value*  }vf.easure111e11ts *mu/ Disclosures.* 

Concentrations of Credit Risk - Tl1e Company is engaged in various trading and brokernge activities in which the counterparties primarily include broker/dealers, banks, other financial institutions and the Company's own customers. In the event the counterparties do not fulfill theii· obligations, the Company may be exposed to risk, The risk of defaull depends on the creditworthiness of the counterpaity or issuer of the instrnment. II is Lhe Company's policy to review, as necessary, thecredit standing ofeachcounterparty.

In addition, the Company's cash is 011 deposit at one financial institution and the balance at times may exceed the federally insured limit. The Company believes it is not exposed to any significant credit J'isk lo cash. At December 31, 2025 the Company's cash deposits did not exceeded federally insured limits.

Cash Equivalents - The Company has defined cash equivalents as highly liquid investments, with original maturities ofless than three months that are not held for sale in the ordinary course of business.

Estimates ~ The preparation of financial statements in conformity wilh accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

#### NOTE2-PA1R VALUE MEASUREMENT

FASB ASC 820 defines fnir value, creates a framework for measuring fair value, and establishes a fair value hiernrchy wl1ich prioritizes the inputs to valuation techniques. Fair value is the price that would be received lo sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement dale. A fak value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or, in the absence ofa principal

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# ZIV INVESTMENT COMPANY LLC NOTES TO FINANCIAL STATEMENTS YEAR ENDED DECEMBER 31, 2025

market, the most advantageous markel. Valuation techniques that are consistent with themarket, income or cost approach, as specified by FASB ASC 820, are used to measure fair value.

The fair value hicrarchy prioritizes the inputs to valuation techniques used to measure fair value into three broad levels:

- · Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities the Company has the ability to access.
- · Level 2 inputs are inputs (other than quoted within Level 1) that are observable for the asset or liability, either directly or indirectly.
- · Level 3 inputs are unobservable inputs for the asset or liability and rely on management's own assumptions about the assumptions that market participants would use in pricing the asset or liability.

A description of the valuation techniques applied to the Company's major categories of assets and fiabilities measured at fair value on a recuring basis follows.

U.S. Government Securities. U.S. Government Securities are valued using quoted market prices. Valuation adjustments are not applied. Accordingly, U.S. Government Securities are generally categorized in Level 1 of fair value hierarchy.

Exchange Traded Equity Securities. Exchange Traded Equity Securities are generally valued based on quoted prices from the exchange. To the extent these securities are actively traded, valuation adjustments are not applied, and they are categorized in Level I of the fair value hierarchy; otherwise, they are categorized in Level 2 or Level 3 of the fair value hierarchy.

U.S. Treasury securities listed below are not considered cash equivalents. At December 31, 2025, the Company held no Level 2 or Level 3 investments.

| Description       | Securities Owned | Securities Sold not yet Purchased |
|-------------------|------------------|-----------------------------------|
| U. S. Treasuries  | \$593,148        | 80                                |
| Equity Securities | \$3,013,761      | 80                                |
| Totals            | \$3.606.909      | \$0                               |

No valuation techniques have been applied to any other assels or liabilities included in the statement of financial condition. All other items in the above table are considered Level I assets and have been recorded at their fair market value.

### NOTE 3 - PAYABLE TO CUSTOMERS

Payable to customers include amounts due on cash and margin transactions. Securities owned by customers are held as collateral for receivable from customers, when applicable. As of December 31, 2025 there were no receivables from customers.

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# ZIV INVESTMENT COMPANY LLC NOTES TO FINANCIAL STATEMENTS YEAR ENDED DECEMBER 31, 2025

### NOTE 4 -INCOME TAXES

The Company is organized in the State of Delaware as a single member limited liability company ("LLC"). A single member LLC is treated as a disregarded entity for federal and state income tax purposes and is not required to file a separate federal or state income tax return. Accordingly, no provision for federal income taxes has been made in thesa 1inanclal statements because the single member is individually responsible for reporting income or loss based upon the Company's reportfld income and expenses for income tax purposes.

FASB ASC 740 requires the evaluation of tax provisions taken or expected to be taken in the course of preparing the Company's tax returns to determine whether the tax positions are "more-likely-than-not" of being sustained "when challenged11 or "when examined" by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax benefit or expense and liability in the current year.

Management has reviewed the Company's tax positions for the open tax years (current and prior three tax years) and concluded that no provision for income lax is required in the Company's financial statements. Such open tax years remain subject lo examination by tax authorities.

The Company continues to evaluate uncertain tax positions, if any, and income tax contingencies under F ASB ASC topic 450 Accounting for Contingencies. FASS ASC 450 requires the Company to accrue for losses it believes are probable and can be reasonably estimated. Management believes the impact of FASB ASC 740 on its financial position and results of operations has had no material impact on lts financial statement.

### NOTE 5 v NET CAPITAL REQUIREMENTS

As a registered brol<er/dealer and member of the Financial lndlbey Regulatory Authority, the Company is subject to the Securities ad Exchange Commission Uniform Net Capital Rule (Rule 15c3- I), which requires the Company to maintain the greater of minimum net capital of \$250,000 or two percent of "aggregate debit items," as these terms are defined. Net capital and aggregate debit items change from day to day. The Company had net capital and a net capital requirement of \$2,139,977 and \$250,000, respectively at December 31, 2025.

### NOTE 6 ~ LEASE COMMITMENT

The Company conducts operations in one leased facility under a non-cancellable lease in Chicago, Illinois that expired on April 30"' of 2025 and was renewed. The Wilmington, DE office was closed as of December 31, 2025. The Delaware office lease was assigned as of December 31, 2025. The Company is liable for lease payments in the event of an assignee default.

The Company's future annual rental commitments for the office facility as of December 31, 2025,

| are as follows: | Year-Ending December 31: Amount |           |
|-----------------|---------------------------------|-----------|
|                 | 2026                            | \$54,923  |
|                 | 2027                            | \$18,487  |
|                 | TOTAL                           | \$73,4 L0 |

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# ZIV INVESTMENT COMPANY LLC NOTES TO FINANCIAL STATEMENTS YEAR ENDED DECEMBER 31, 2025

NOTE 6 (continued)

ASC 842, Leases, requires the recognition of the right of use assets and lease liabilities to reflect the discounted net present value of the future annual rent commitments and related right of use benefit on the statement of financial condition.

The Com.pany recorded a right of use asset and lease liability in its financial statements. As of December 31st, 2025, the Company had right of use asset and lease liability of \$75,840 and \$75,840, respectively.

The Company recognizes leases in accordance with FASB ASC 842. The components oflease cost for the year ended December 31, 2025, are lease cost \$78,532. The weighted average remaining lease term for operating leases is 1.34 years. The weighted average discount rate for the operating lease is 7. 75%.

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# ZIV INVESTMENT COMP ANY LLC NOTES TO FlNANCIAL STATEMENTS YEAR ENDED DECEMBER 31, 2025

### NOTE 7 - CASH AND SECURITIES SEGREGATED UNDER FEDERAL AND OTHER REGULATIONS

fncluded in cash and cash equivalents is cash of \$190,980, which has been segregated in a special reserve bank account for the benefit of customen;, under Rule I 5c3~3 of the Securities and Exd1a11ge Commission. Jncluded in securities owned are U.S. Treasury securities with a market value of \$593,148 wl1ich also have been segregated in a special reserve bank custodial account for !he benefit of customers under Rule l 5c3-3 of the Securities and Exchange Commission.

#### NOTE 8 - LINE OF CREDIT

The Company has a line of credit with a bank which it utilizes from time to lime for liquidity purposes. The line of credit bears inlcrest at 6.50% al December 31, 2025 and is collateralized by secmilies owned by the Company. The outstanding balance at Decembe1· 3 l, 2025 was \$1,120,000. The Company had \$68,249, which is inclt1ded in interest expense. and owed interest of \$5,868 which is included in Accounts Payable on the Statement of Financial Condition, for the yeal'-ended December 31, 2025.

#### NOTE 9 - CLEARING AGREEMENT WITH OFF-BALANCE-SHEET RISK

In May 2012, the Company entered into an agreement with another broker/dealer (Clearing Bl'Okc1·/dealer) with an initial three-year term, wherel}y the Company forwards (introduces) ce1tain customer secmities transactions to the Clearing Broker/dealer, folly disctosing the customer name and other informalion. The processing and, if applicable, any financing pertaining to thcinlroduced securities transactions is performed l)y the Clearing Brnkel'/dealer. Thecustomer accounts are therefore maintained and recorded in the books and records of the Clearing Broker/dealer 011 the Company's behalf. In consideration for introducing customers to the Clearing Broker/dealer, the Company receives commissions and other eonsideralion, less the processing and other charges of the Cleal'ing Brokeddealer. Pursuant to the terms of the agreement, the Company is rectuired to maintain a deposit of \$50,000 with theClearing1'roker/dealerto assure theCompany's perfonnanceunder the agreement. The agreement may be terminated by either parly with 90 days prior written notification. The Company is also prohibited from entering into a similar agreement with another broker/dealer withoutpriorwritlcn approval from tl1c Clearing Broker/dealer.

Additional provisions of the agreement stale that the Company is to be held responsiule for any losses arising when I he customers introduced l}y the Company to the Clearing Broker/dealer fail *to* meet their co111ract11al commitments pe11aining to the purchase, sale, and possible financing of securities transactions.

The Company may therefore lie expo~ed to offMbalance-sheet risk in tl1e event the customer is unable to fulfill its contracted obligations and it is necessary for the Clearing Broke1Jdealer to purchase or sell the securities at a loss. The Compnny's exposure to risk would consist ofll1e amount of the loss realized and any addilionnl expenses incurred pet1aining lo the transaction or olher customer activity. The maximum potential amount of fhlure payments lhallhe Company could lie required to make under these provisions cannot lie estimated. The Company seeks lo minimize this risk through proce<lmes designed to monitol' the cre<lilworlhiness of its customers and Iha! customer transactions nrc executed properly by the clearing broker/dealer. However, !he Company believes that it is unlikely il will have lo make material payments under these provisions and has not recorded a contingent liability in the financial statements.

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# ZIV INVESTMENT COMPANY LLC NOTES TO FINANCIAL STATEMENTS YEAR ENDED DECEMBER 31, 2025

#### NOTE 10 - FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK

The Company enters into various transactions involving derivatives and other off-balance sheet financial instruments. These financial instruments consist primarily of exchange-traded options. These derivative financial instruments are used to meet the customers and conduct trading activities and are, therefore, subject to varying degrees of market and credit risk.

Derivative transactions are entered into for trading purposes or to economically hedge other positions or thansactions. As a writer of options, the Company or its customers receive a premium in exchange for giving the counterparty the right to buy or sell the underlying security at a finure date at a contracted price, The contractual or notional announts related to these financial instruments reflect the volume and activity and do not reflect the amounts at risk. The credit risk for options is linited to the un-realized market valuation gains recorded in the statement of financial condition. Market risk is substantially dependent upon the value of the underlying financial instruments and is affected by market forces such as volatility and changes in interest and foreign currency exchange rates,

In addition, the Company may sell securities that it does not currently own (short sales) and would therefore be obligated to purchase such securities at a futuredate.

In the normal course of business, the Commer activities involve the execution, settlement, and financing of various customer securities transactions. These activities may expose the Company to off-balance-sheet risk in the event the customer or other is unable to fulfill its contracted obligations and the Company has to purchase or sell the financial instrument underlying the contract at a loss.

The Company's customer securities transactions (those not introduced to its Clearing Broker/dealers, as described in Note 09) are transacted on either a cash or margin transactions, the Company extends credit to its customers, subject to various regulatory and internal margin requirements, collateralized by cash and securities in the customers' accounts.

In the event the customers fail to satisfy their contractual commitments, the Company may be required to purchase or sell financial instruments at prevailing market prices to fulfill the customer's obligations. The Company seeks to control the risks associated with its customer activities by requiring customers to maintain margin collateral in compliance with various regulatory and internal guidelines. The Company monitors required margin levels daily and, pursuant to such guidelines, requires the customer to deposit additional collateral or to reduce positions when necessary.

#### NOTE 11 - SUBSEQUENT EVENTS

The Company's management has evaluated events and transactions through March 16, 2026, the date the financial statements were available to be issued, noting no material events requiring disclosure in the Company's financial statements, other than the following: The Company has entered into an equity interest purchase agreement as of March 2, 2026.

#### NOTE 12-REVENUE RECOGNITION

The Company recognizes revenue in accordance with Financial Accounting Standards Board Accounting Standards Codification ("FASB ASC") Topic 606, Revenue from Contracts with Customers. That guidance was amended to require public business entities to recognize revenue to depict the transfer

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# ZIV INVESTMENT COMPANY LLC NOTES *TO* FINANClAL STATEMENTS YEAR ENDED DECEMBER 31, 2025

of promised goods or services to customers i11 an amount that reflects the consideration to which the enlity expects to be entitled in exchange for those goods 01· services. The amendment is effective fOl· lhe Company for fiscal years beginning aflel' December 15, 2017. The Company's management believes the impact of the amendment to Topic 606 has no material impact on its financial statements.

Revenue from contracts with customers includes commission income. The t'ecotnitionand measurement of revenue is based on the assessment of individual contract terms. Significant judgment is required to determine whetl1er performance obligations are satisfied al a point in time; how to allocate transaction price where multiple performance obligations are identified; when to recognize revenue based on the appropriate measure of the Company's progress under the contract; whether revenue should be presented gross or net of certain costs; and whether constraints on variable consideration should be applied due to uncertain future events.

The Company buys and sells securities on behalf of its c11stomers. Each time a custome1· enters into a buy or sell transaction, the Company charges a commission, Commissions and related clearing expenses are rncorded on the settlement date (the date thal the trade settles at the clearing co1·poratio11). The Company believes !hat the performance obligation is estal>lished on the settlement date l>ecause that is when the obligation is fixed lo both parties, the pricing is agreed upon, the risks and rewards of ownership of the securities have been transferred to/from the customer and the transactions have settled, There were no material differences between the application of settlement date versus trade date on the Company's assets or oliligatioi1s at December 31, 2025.

#### NOTE J 3 - RECEIVABLES FROM BROKER-DEALERS AND CLEARING ORGANIZATIONS

Receivables from Broker--Dealern and Clearing Organizations consists of commissions receivable of\$30,604 and cash deposits with broker-dealers of \$301,431 and cash deposits with clearing organizations of \$373,429.

#### NOTE 14 - FINANCIAL INSTRUMENTS - CREDIT LOSSES

ln June 2016, the FASB issued ASU 2016-l3, Financial Instruments - Credit Loses (Topic 326): Measurement of Credit Loses 011 Financial Instruments (ASU 2013-13). The new guidance broadens the information that an entity must consider i1t developing its estimated credit losses expected to occur over the remaining life of assets measured either collectively or individually to include historical experie11ce, current conditions, and reasonable and supportable forecasts. ASU 2016-13 replaces the existing incurred credit loss model with the current expected credit loss model. The standard is effective for the Company for the fiscal year beginning Jam1a1y l, 2020. The standard did not have a material impact on the Company's financial statements. The Company had no allowance at December 31, 2025.

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### ZIV INVESTMENTCOMPANYLLC NOTES TO FINANCIAL STATEMENTS YEAR ENDED DECEMBER 31, 202.5

#### NOTE 15 -ASC280

the Company is engaged in a single line of business as a securities broker-dealer, which Is comprised of several classes of se1vlcos, Including principal transactions, agency transactions,

and lnveslme11l advlso1y seIvlces. The Company has identified Us' President as !he chief

operatlng decision maker {CODM), who uses net Income lo evaluate the resulls of the

business, predominantly in the forecasting process, lo manage the Company. Addltionally,

the CODM uses excess nel capl1al, which is not a measure of profit and loss, lo make operatlonal decisions while malntalnlng capltal adequacy, such as whether to reinvest profits

or pay dividends.

Note 16: Related Party Transaclions

Peter Ziv Is the sole owner o! ZlvCo Holdings, which Is the parent company of Ziv Investment Company LLC. The payable to noncustomers represents an account ol Peter Ziv.

Note 17: Employee Retention Credit

During Covld, tho Cop many applied for Federal funds from the Employee Retention Program. Funds recelved from this were recognized as Income.

{13}------------------------------------------------

# Ziv Investment Company LL<;\_ Annual Reporl of Compliance and Internal Control over Compliance Pursuant to SEC Rule l 7a-5(d)(3)

Ziv Investment ~ompnny LLC's Compliance Report

Ziv Jnvestmenl Company LLC (the "Company") is a registered brokcr-.lcaler subject lo Ruic l 7a-5 promulgaletl by the Secmitics and Exchange Commission (17 C.F.R. §240.17a-51 "Reports to be ma<le by certain brokers ancl dealers"). As requirctl by 17 C.F.R. §240. I 7n-5( d)( I) mul (3), the Company states as follows:

- (1) The Company has established **anll** maintained Internal Control Ovel' Compliance, as that term is clefincd in parngrnph **(tl)(3)(ii)** of Rule 17a-5, with the exception note.t below.
- (2) The Company's Internal Control over Compliance was not effective during the most recent fiscal year ended December 31, 2025, due to lhe following material weakness: The Company had ineffective management review control ovel' !5c3-1 for the period January I, 2025 through December 31, 2025. The Company has taken steps to remediate this material weakness in January, 2026.
- (3) The Compai~y•s Internal Control over Compliance was not cff eclive during the most recent fiscal year ended December 31; 2025, due to the material weakness identified above. The Company has taken sleps to remediate this matel'ial weakness in January, 2026. •
- (4) The Company WllS in complittllCC with 17 C.F.R. §24O.15c3-l and 17 C.F.R. §240.15c3-3(e) as of the end of the most recent fiscal yenr **ended** December 31, 2025; and
- (5) The informat[on the Company used to state that the Company was **in** compliance wilh 17 C.F.R. §240.15c3-l and 17 C.f.R. §240.1Sc3-3(e) was dedved flom the books and records of the Company.

Ziv Investment Company LLC

I, Pctc1· Ziv, swear (or affirm) that, to my best knowledge and belief, this Compliance Report is true ancl conect.

March 16, 2026


Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.