# MAY CAPITAL GROUP, L.L.C. X-17A-5 (2026-04-28) — Broker-dealer annual report - Company: MAY CAPITAL GROUP, L.L.C. - Form: X-17A-5 - Filed: 2026-04-28 - Period: 2025-12-31 - Accession: 0000930669-26-000004 - CIK: 930669 - File #: 8-47616 - Type: Broker-dealer - Material weakness: No - Auditor: OHAB AND COMPANY, PA - Auditor location: MAITLAND, FL - Contact: Lawrence E May - Phone: 2124890100 - Signed by: Lawrence E May (President) Original filing: https://www.sec.gov/Archives/edgar/data/930669/000093066926000004/audit_1.pdf --- {0}------------------------------------------------ | UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 | | | | nua ·----
0MB Number: 3235-0123
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hours per response: 12 | | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|------------------------------------------------------------------------------------------------------------------------|---------|--------------------------------------------------------------------------------------------------------------------|--| | | | ANNUAL REPORTS | | SEC FILE NUMBER | | | | | FORM X-17A-5 | | 8-47616 | | | | | PART Ill | | | | | FACING PAGE
Information Required Pursuant to Rules 17a•S, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 | | | | | | | FILING FOR THE PERIOD BEGINNING O 1/01/2025 | | | | AND ENDING 12/31/2025 | | | | | MM/DD/VY | | MM/DD/VY | | | | | A. REGISTRANT IDENTIFICATION | | | | | NAME oF FIRM: May Capital Group, LLC | | | | | | | TYPE OF REGISTRANT (check all applicable boxes):
l!l Broker-dealer
□ Security-based swap dealer
□ Major security-based swap participant
D Check here if respondent is also an OTC derivatives dealer
ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.)
1776 Broadway,
Suite 1900 | | | | | | | | | (No. and Street) | | | | | New York | | NY | | 10019 | | | (City) | | (State) | | (Zip Code) | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | Lawrence | E May | 212-489-01.00 | | lmay@swmgrp.com1 | | | (Name) | | (Area Code-Telephone Number) | | (Email Address) | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
OHAB AND COMPANY, PA | | | | | | | | | (Name - if individual, state last, first, and middle name) | | | | | | | 100 E SYBELIAAVENUE,130 MAITLAND | FL | 32751 | | | (Address) | | (City) | (State) | (Zip Code) | | | JULY 28, 2004 | | | 1839 | | | | (Date of RRlllstratlon with PCAOBUlf aoolicablel | | FOR OFFIOAL USE ONLY | | (PCAOB Retllstratlon Number, If aoollcable | | | | | • Claims for exemption from the requirement that the annual reports be covered by the reports of an independent public | | | | accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17 CFR 240.17a-5(e)(l)(ii), If applicable. : Penons who are to respond to the collection of Information contained In this form are not required to **respond** unless the foryn displays a currently valid 0MB control number. ' {1}------------------------------------------------ #### OATH OR AFFIRMATION | I, Lawrence E May | swear (or affirm) that, to the best of my knowledge and belief, the | |-------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------| | financial report pertaining to the firm of May Capital Group, LLC | as of | | 2~
December 31 | is true and correct. I further swear (or affirm) that neither the company nor any | | as that of a customer. | partner, officer, director, or equivalent person, as the case may be, has any proprietary in • re
• any ccount classified solely
Title:
President | This filing\*\* contains **(check all applicable boxes):** - **!!I** (a) Statement offinancial condition. - □ (b) Notes to consolidated statement of financial condition. - **l!!!l** (c) Statement of income (loss) or, if there is other comprehensive income in the period{s) presented, a statement of comprehensive income (as defined in§ 210.1-02 of Regulation S-X). - **!!I** {d) Statement of cash flows. - **!!I** (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - □ (f) Statement of changes in liabilities subordinated to claims of creditors. - **!!I** (g) Notes to consolidated financial statements. - **!!I** (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. - □ (i) Computation of tangible net worth under 17 CFR 240.18a-2. - **!!I** 0) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - □ {k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable. - □ (I) Computation for Determination of PAB Requirements under Exhibit A to§ 240.15c3-3. - **!!I** (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - □ (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.1Sc3-3(p)(2) or 17 CFR 240.18a-4, as applicable. - **!!I** (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-1, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences exist. - □ (p) summary of financial data for subsidiaries not consolidated in the statement of financial condition. - **li!l** (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. - □ (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - **!!I** (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - □ (t) Independent public accountant's report based on an examination of the statement of financial condition. - **!!I** (u) Independent public accountant's report based on an examination of the financial report or financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. - □ (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - **!!I** (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - □ (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.1Sc3-1e or 17 CFR 240.17a-12, as applicable. - □ (y) Report describing any material inadequacies found to exist or found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k). 0 (z)Other: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ \_ - 0 To request confidential treatment of certain portions of this filing, see 17 CFR 240.1.7a-5{e}{3} or 1.7 CFR 240.1.Ba-7{d)(2), as applicable. {2}------------------------------------------------ ## **MAY CAPITAL GROUP, LLC (SEC I.D. No. 8-47616)** # **FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULE FOR THE YEAR ENDED DECEMBER 31, 2025 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM AND REVIEW REPORT REGARDING EXEMPTION PROVISIONS AND** {3}------------------------------------------------ ![](_page_3_Picture_0.jpeg) I 00 E. Sybclia A vc. Suite 130 Maitland. rL 32751 *Certified* P11bfic Accounlants I mail : pam *a* ohabco com Tdephonc 407-740-7311 Fax 407-740-644 I #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Member of May Capital Group, LLC #### **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition of May Capital Group, LLC as of December 31, 2025, the related statements of income, changes in member's equity. and cash flows for the year then ended, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all materia I respects, the financia I position of May Capital Grau p, LLC as of December 31, 2 02 5, and the results of its operations and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America. #### **Basis for Opinion** These financial statements are the responsibility of May Capital Group, LLC management Our responsibility is to express an opinion on May Capital Group, LLC's financial statements 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 May Capital Group. 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 statements are 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 statements, 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 statements. Our audit also included evaluating the accounting principles used and significant estimates made by management. as welt as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion. #### **Auditor's Report on Supplemental Information** The Schedule I, Computation of Net Capital Under Rule 15c3-1 of the Securities and Exchange Commission has been subJected to audit procedures performed in conjunction with the audit of May Capital Group, LLC's financial statements. The supplemental information is the responsibility of May Capital Group, LLC's management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content. is presented in conformity with 17 C.F.R. §240 17a-5. ln our opinion, the Schedule I, Computation of Net Capital Under Rule 15c3- 1 of the Securities and Exchange Commission is fairly stated, in all material respects, m relation to the financial statements as a whole. *l~* ,.,.\_il.. ~ , ~,...- we have served as May Capital Group, LLC's auditor since 2021. Maitland, Florida April 17, 2026 {4}------------------------------------------------ ## **MAY CAPITAL GROUP, LLC STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2025** ### ASSETS | Total Assets | \$
33,987 | |---------------------------|--------------| | Prepaid Expense | 363 | | Accounts receivable | 10,478 | | Cash and cash equivalents | \$ 23,146 | ### LIABILITIES AND MEMBER'S EQUITY | Accrued expenses and Accounts Payable | \$
6,570 | |---------------------------------------|--------------| | Total Liabilities | 6,570 | | Contingencies | - | | Member's equity | 27,417 | | Total Liabilities and Member's Equity | \$
33,987 | {5}------------------------------------------------ ## **MAY CAPITAL GROUP, LLC STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2025** | Revenues: | | |----------------------------------------------------|---------------| | Mutual Funds, variable life and variable annuities | \$
141,804 | | Interest and dividends | 3,577 | | Total Revenues | 145,381 | | Expenses: | | | Rent | 6,000 | | Professional fees | 13,598 | | Travel and meals | 3,718 | | Office | 6,600 | | Regulatory fees | 3,253 | | Telephone | 840 | | Tax | 9,301 | | Total Expenses | 43,310 | | Net income | \$
102,071 | {6}------------------------------------------------ ## **MAY CAPITAL GROUP, LLC STATEMENT OF CHANGES IN MEMBER'S EQUITY FOR THE YEAR ENDED DECEMBER 31, 2025** | | Total
Member's Equity | | |----------------------------|--------------------------|-----------| | Balance, December 31, 2024 | \$ | 85,345 | | Member's distributions | | (160,000) | | Net income | | 102,071 | | Balance, December 31, 2025 | \$ | 27,417 | {7}------------------------------------------------ ## **MAY CAPITAL GROUP, LLC STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2025** | Cash Flows From Operating Activities: | | |----------------------------------------------------------------------|---------------| | Net income | \$
102,071 | | Adjustment to reconcile net income | | | to net cash provided by operating activities: | | | (Increase) decrease in Accounts Receivable | 1,140 | | (Increase) Decrease in Prepaid Expense | 1,082 | | Increase (Decrease) in Accounts payable and Accrued Expense | (170) | | Net Cash Provided by Operating Activities | 104,123 | | Cash Flows (Used) by Investing Activities | \$
- | | Cash Flows (Used) by Financing Activities:
Member's distributions | (160,000) | | Net Cash (Used) by Financing Activities | (160,000) | | Net Increase In cash and cash equivalents | (55,877) | | Cash and cash equivalents at beginning of the year | 79,023 | | Cash and cash equivalents at end of the year | \$
23,146 | | Non Cash Items | | | Interest | \$
- | | Taxes | \$
- | | Total Non-cash items | \$
- | {8}------------------------------------------------ # **MAY CAPITAL GROUP, LLC NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025** ### **1.** *ORGANIZATION AND NATURE OF BUSINESS* May Capital Group LLC (the "Company"), was formed as a limited liability company on August 15, 1994 in the State of New Jersey. The Company is a fully disclosed broker dealer and sells mutual funds, variable life insurance and variable annuities as outlined in their FINRA membership agreement. ## **2.** *SIGNIFICANT ACCOUNTING POLICIES* ## **Revenue Recognition** Commissions: Commissions and fees received from the sale of mutual funds and variable annuities are recognized at the time the associated service is fulfilled, including the investment company receiving the application which is based on the trade date. ## **Distribution Fees** The Company enters into agreements with Mutual Funds, Variable Life and Variable Annuities ("Funds") to distribute shares to investors. The Company may receive distribution fees paid by the Fund upfront, over time, upon the investors exit from the fund, or as a combination thereof. The Company believes that its performance obligation is the sale of securities to investors and as such this is fulfilled on the trade date. Any fixed amounts are recognized on the trade date and variable amounts are recognized to the extent it is probable that a significant revenue reversal will not occur once the uncertainty is resolved. For variable amounts, as the uncertainty is dependent on the value of the shares at future points in time as well as the length of time the investor remains in the fund, both of which are highly susceptible to factors outside the Company's influence. The Company does not believe that it can overcome this constraint until the market value of the Fund and the investor activities are known, which usually occurs monthly or quarterly. Mutual Fund Fees, Variable Life and Variable Annuity Fees recognized in the current period are primarily related to performance obligations that have been satisfied in prior periods. ### **Property and Equipment** Property and equipment are recorded at cost. Depreciation had been computed using accelerated methods of depreciation. Expenditures for repairs and maintenance are charged to operations as incurred. Additions and improvements are capitalized. ### **Income Taxes** No provision for Federal or State income taxes has been made in the accompanying financial statements since such liabilities and related expenses are the responsibility of the member. The Company is responsible for a NYC unincorporated business tax on income, which is calculated at the statutory rate. {9}------------------------------------------------ ### **Use of Estimates** The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of the 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. ### **3.** *NEW ACCOUNTING GUIDANCE* In June 2016, the FASB issued Accounting Standards Update (ASU) 2016-13 – Current Expected Credit Losses ("CECL") which replaces the current incurred loss model used to measure impairment loss with an expected loss model for trade and other receivables. The Company adopted the standard during 2020, under the modified retrospective approach to the earliest period resented. The adoption of ASU 2016-13 did not have a material effect on the Company's financial statements. ## **4.** *CASH FLOW INFORMATION* The Company considers all short-term investments with an original maturity of three months or less to be cash equivalents. ### **5.** *ACCOUNTS RECEIVABLE* Accounts receivable represent commissions due from mutual funds, insurance companies and trust sponsors. Management has determined that no allowance for credit losses is necessary at December 31, 2025. ## **6.** *CONCENTRATION OF CUSTOMER RECEIVABLES* For the year ended December 31, 2025, three customers accounted for 92% of the Company's Accounts Receivable. ### **7.** *DISAGGREGATED REVENUE FROM CONTRACTS WTH CUSTOMERS* Mutual Funds, variable life and variable annuities: | Commission income
Mutual Fund trails | \$122,896
\$ 18,908 | |-------------------------------------------------|------------------------| | Total mutual funds, variable life and annuities | \$141,804 | {10}------------------------------------------------ ## **8.** *NET CAPITAL REQUIREMENTS* The Company is a member of the Financial Industry Regulatory Authority (FINRA) and subject to the Securities and Exchange Commission's Uniform Net Capital Rule (Rule 15c3-1), which requires the maintenance of minimum net capital of \$5,000 and requires that the ratio of aggregate indebtedness to the net capital, both as defined, shall not exceed 15 to 1. At December 31, 2025 the Company had net capital of \$16,299 which was \$11,299 in excess of the amount required. The ratio of aggregate indebtedness to net capital was 40.31%. ## **9.** *BROKER DEALER – SINGLE REPORTABLE SEGMENT EXAMPLE* The Company is engaged in a single line of business as a securities broker-dealer, which is comprised of several classes of services, including principal transactions, agency transactions, investment banking, investment advisory, and venture capital businesses. The Company has identified its President as the chief operating decision maker ("CODM"), who uses net income to evaluate the results of the business, predominantly in the forecasting process, to manage the Company. Additionally, the CODM uses excess net capital (see Note 8), which is not a measure of profit and loss, to make operational decisions while maintaining capital adequacy, such as whether to reinvest profits or pay dividends. The Company's operations constitute a single operating segment and therefore, a single reportable segment, because the CODM manages the business activities using information of the Company as a whole. The accounting policies used to measure the profit and loss of the segment are the same as those described in the summary of significant accounting policies. ## **10.** *SUBSEQUENT EVENTS* The Company has evaluated subsequent events through the date on which these financial statements were available to be issued. The Company did not identify any material subsequent events requiring adjustment to or disclosure in its financial statements. ### **11.** *RELATED PARTY TRANSACTIONS* The Company entered into an Expense Sharing Agreement with May Financial Group, LTD ("Affiliate") dated January 4, 2018. The agreement provides that May Capital Group LLC will pay Affiliate \$830 per month for: Rent, administrative costs, telephone and postage. The total paid for 2025 was \$9,960. There was no amount due as of December 31, 2025. {11}------------------------------------------------ ### Schedule I ## MAY CAPITAL GROUP, LLC COMPUTATION OF NET CAPITAL UNDER RULE 15c3-1 OF THE SECURITIES AND EXCHANGE COMMISSION DECEMBER 31, 2025 | NET CAPITAL: | | |---------------------------------------------------------|--------------| | Total members' equity | \$
27,417 | | Deductions and/or charges: | | | Accounts receivable | (10,478) | | Prepaid expenses | (363) | | Total adjustments to Net Capital | (10,841) | | Net capital before haircuts on securities positions | 16,576 | | Haircuts on securities positions 2% | (277) | | Undue concentration | - | | Net Capital | \$
16,299 | | AGGREGATE INDEBTEDNESS: | | | Items included in the statement of financial condition: | | | Accounts payable and accrued expenses | 6,570 | | Minimum net capital required | 5,000 | | Excess net capital | \$
11,299 | | Percentage of aggregate indebtedness to net capital is | 40.31% | There was no material differences between the preceding computation and company's corresponding unaudited, Part IIA of form X-17a-5, as of December 31, 2025. {12}------------------------------------------------ ![](_page_12_Picture_0.jpeg) 100 E. Sybclia Ave. Suite 130 Maitland. Fl, 32751 Cerli}ied *Public* Accountants l mail: pain II ohahc<1.com Telephone 407-740-7311 Fax 407-740-6441 #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Member of May Capital Group. LLC We have reviewed management's statements, included in the accompanying Rule 15c3-3 Exemption Report pursuant to SEC Rule 17a-5, in which (1) May Capital Group, LLC (the Company) did not claim an exemption under paragraph (k) of 17 C.F.R. §240.15c3-3, and (2) the Company is filing this Exemption Report relying on Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5 because the Company limits its business activities ex.elusively to mutual fund retailer. broker or dealer selling variable life insurance or annuities and investment advisory services. In addition, the Company did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, other than money or other consideration received and promptly transmitted in compliance with paragraph (a) or (b)(2) of Rule 15c2-4 and/or funds received and promptly transmitted for effecting transactions via subscriptions on a subscription way basis where the funds are payable to the issuer or its agent and not to the Company; did not carry accounts of or for customers; and did not carry PAB accounts (as defined in Rule 15c3-3) throughout the most recent fiscal year without exception. May Capital Group, LLC's management is responsible for compliance with the provisions contemplated by Footnote 74 of SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5 and related SEC Staff Frequently Asked Questions and its statements. Our review was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included inquiries and other required procedures to obtain evidence about May Capital Group. LLC's compliance with the provisions of Footnote 74 of SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240. Ha-5. A review is substantially less in scope than an examination. the objective of which is the expression of an opinion on management's statements. Accordingly, we do not express such an opinion. Based on our review. we are not aware of any material modifications that should be made to management's statements referred to above for them to be fairly stated, in all material respects. based upon the Company's business activities contemplated by Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R § 240.17a-5, and related SEC Staff Frequently **Asked** Questions. C.~ ,Pl,,,, Ohab and Company, PA Maitland, Florida April 17, 2026 {13}------------------------------------------------ May Capital Group, LLC 1776 Broadway, Suite 1900 New York NY 10019 Phone: 212-489-0100 # **MAY CAPITAL GROUP,** LLC **EXEMPTION REPORT** I I **May Capital Gr~up, LLC (the "Company")** is a registered broker-dealer subject to I ~ule 17a-5 proITt lgated by the Securities and Exchange Commission (17 C.F.R. § 24q.1 *ia-5,* --Re~osts to be n;i de by certain brokers and dealers·'). This Exemption Report was prepan::d, as required by 17 C.1 .R. § 240. l 7a-5 (d)(l) and (4). To the best of its knowledge and belief, the Company states 1 1 e following: 1 - (1) The Con~ any does not claim an exemption under paragraph (k} of : 17 C.F.l{. § 240.1 Sc3-3, and i I ' - (2) The Co~ any is filing this Exemption Report relying on Footnote 74 of the S~C Release No. 34-1 073 adopting amendments to 17 C.F.R. § 240. l 7a-5 because the co~pany • limits its usiness activities exclusively to Mutual fund retailer, Broker or Deaier selling variable /1 fe insurance or annuities and Investment Advisory services; and the Company (1) did Ii t directly or indirectly receive, hold or otherwise owe funds or secu~'ties for or to custo~ers, ( other than money or other consideration received and promptly transmi. tted in compJJance with paragraph (a) or (b)(2) of Ruic I Sc2-4 and/or funds receiv d and ' promptly transmitted for effecting transactions via subscriptions on a subscrip ion way basis wit re the funds are payable to the issuer or its agent and not to the Company): . (2) did 1 t carry accounts of or for customers; and I , I (3) did n t carry PAB accounts (as defined in Ruic 15c3-3) throughout the m~st recent fiscal yl **r** without exception. , , **May Capital G oup, LLC** I **By:** I **Title: Preside~!-** • March 3, 2026 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.