SCHEDULE: Brown Stone Capital Reports 4.7% Stake in XCF Global

Brown Stone Capital Ltd and Nima Montazeri report beneficial ownership of 19,659,767 shares, representing 4.7% of XCF Global, Inc.'s Class A Common Stock.

Summary

• Brown Stone Capital Ltd and Nima Montazeri have filed a Schedule 13G, indicating a change in beneficial ownership of XCF Global, Inc. Class A Common Stock.
• The filing reports that Brown Stone Capital Ltd and Nima Montazeri collectively beneficially own 19,659,767 shares of Class A Common Stock.
• This ownership stake represents 4.7% of the total outstanding Class A Common Stock, based on 415,296,896 shares outstanding as of September 23, 2026.
• Both reporting persons have sole voting power and sole dispositive power over these shares.
• The filing asserts that the securities were not acquired or held for the purpose of influencing control of the issuer.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a neutral filing, primarily reporting a change in beneficial ownership without significant new financial or strategic information.

Positives

• Increased institutional interest in XCF Global, Inc. as indicated by the filing.
• Transparency in ownership structure is maintained through the Schedule 13G filing.

Negatives

• The filing does not provide any new financial performance data or strategic updates for XCF Global, Inc.

Risks

• Potential for future changes in beneficial ownership that could impact share price or control.
• Concentration of ownership among a few entities could lead to increased volatility.

Future Outlook

No forward-looking statements or guidance are provided in this filing.

Management Comments

• "The percentage of class is based on 415,296,896 shares of the issuer's Class A common stock outstanding, as reported in the prospectus supplement filed by the issuer with the Securities and Exchange Commission (the "SEC") on September 23, 2026."
• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors crossing certain ownership thresholds. This filing indicates a significant passive investment in XCF Global, Inc. by Brown Stone Capital Ltd and Nima Montazeri.

Comparison to Industry Standards

• Ownership stakes of 4.7% are typical for institutional investors seeking a passive investment without aiming for control, aligning with common practices for funds and asset managers.
• The reporting of sole voting and dispositive power is standard for Schedule 13G filings when an entity acts independently.

Stakeholder Impact

• Shareholders: Increased transparency regarding significant beneficial ownership.
• Management: Awareness of a substantial passive investor in the company.

Next Steps

• Brown Stone Capital Ltd and Nima Montazeri will continue to monitor their investment in XCF Global, Inc.
• Future filings will be made if ownership levels change significantly.

Key Dates

Keywords

XCF Global, Schedule 13G, Beneficial Ownership, Brown Stone Capital, Nima Montazeri, Class A Common Stock, Institutional Investor