SCHEDULE: SRAX Investors Divest All Class A Common Stock Holdings

A group of reporting persons, including Percy Rockdale LLC and Michael Gorzynski, have fully divested their beneficial ownership in SRAX, Inc. Class A Common Stock as of September 30, 2025.

Summary

• Percy Rockdale LLC, Continental General Insurance Company, Continental Insurance Group, Ltd., Continental General Holdings LLC, and Michael Gorzynski (collectively, the "Reporting Persons") no longer beneficially own any securities of SRAX, Inc. as of September 30, 2025.
• The Reporting Persons previously held a beneficial ownership position in SRAX, Inc.'s Class A Common Stock, par value $0.001 per share.
• This Schedule 13G Amendment No. 4 indicates a complete divestment, with all Reporting Persons now holding 0% of the class of securities.
• The filing certifies that the securities were not acquired or held for the purpose of changing or influencing control of SRAX, Inc.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of a complete divestment of shares by a group of investors. While the divestment itself could be viewed negatively by the market, the document's content is purely informational and compliance-driven, thus neutral in its presentation.

Negatives

• The complete divestment by a group of investors could be perceived by the market as a negative signal regarding their confidence in SRAX, Inc.'s future prospects.

Risks

• Potential negative market reaction to the news of a significant investor group fully divesting its stake in SRAX, Inc.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding SRAX, Inc.'s future performance or operations.

Industry Context

This filing is a routine disclosure of a change in beneficial ownership by a group of investors and does not provide direct insights into broader industry trends for SRAX, Inc. or its competitors. It primarily reflects a portfolio decision by the Reporting Persons.

Stakeholder Impact

• Shareholders of SRAX, Inc. may view the complete divestment by this group of investors as a negative indicator, potentially influencing their investment decisions.
• The company's market valuation could be impacted by the perception of reduced institutional interest.

Key Dates

Keywords

SRAX Inc., Class A Common Stock, Beneficial Ownership, Schedule 13G, Divestment, Percy Rockdale LLC, Michael Gorzynski, Institutional Investors