SCHEDULE: SunCar Technology Group Inc. Major Holder Sells Shares

KMBP Holdings Limited, a significant shareholder in SunCar Technology Group Inc., has reported the sale of 539,907 Class A Ordinary Shares.

Summary

• KMBP Holdings Limited (KMBP), a reporting person, has filed an amendment to its Schedule 13D regarding its holdings in SunCar Technology Group Inc.
• KMBP directly holds 19,093,366 Class A Ordinary Shares, representing 34.1% of the outstanding shares as of March 31, 2026.
• Since the last amendment (Amendment No. 5), KMBP sold a total of 539,907 Class A Ordinary Shares.
• These sales occurred between April 24, 2026, and September 8, 2026, with prices ranging from $0.44 to $1.53 per share.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a negative sentiment due to the significant sale of shares by a major holder, indicating potential lack of confidence or a need for liquidity.

Negatives

• KMBP Holdings Limited, a significant holder, has sold a substantial number of shares (539,907) since the previous filing.
• The weighted average selling price decreased significantly over the period, with the latest sales on September 8, 2026, averaging $0.499 per share.

Risks

• The sale of a large block of shares by a major holder could signal a lack of confidence in the company's future prospects.
• Continued selling pressure from significant shareholders could negatively impact the stock price.

Future Outlook

No specific future outlook or guidance is provided in this filing, which focuses on reporting past share transactions and current beneficial ownership.

Management Comments

• The directors of KMBP on the date hereof are Mark Qiu, Yu Chun Yin and Bai Wei.
• In accordance with the rule of three, no single director has the power by himself to vote or dispose of the shares of the Issuer and, as a result, none of the directors are deemed to have beneficial ownership of the Issuer's shares held by KMBP.
• The Reporting Person undertakes to provide to the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price.

Industry Context

StockSavvy.ai notes that significant share sales by major holders can be a bearish signal in any industry, potentially indicating internal concerns or a strategic shift by the selling entity.

Stakeholder Impact

• Shareholders may experience negative price pressure due to the significant selling activity by a major holder.
• Investors may reassess their investment in SunCar Technology Group Inc. based on the actions of KMBP Holdings Limited.

Next Steps

• KMBP Holdings Limited will continue to report changes in its beneficial ownership as required by SEC regulations.
• The company's management may need to address the market's perception of the significant share sale by KMBP.

Key Dates

Recommendation

The filing indicates a significant reduction in holdings by a major shareholder, which is a negative signal. However, without more context on the reasons for the sale or the company's underlying financial performance, a 'hold' recommendation is prudent, suggesting investors monitor further developments.

Keywords

SunCar Technology Group Inc., Schedule 13D, KMBP Holdings Limited, Class A Ordinary Shares, Shareholder, Stock Sale, Beneficial Ownership