SCHEDULE: Jun Yuan Discloses 7.4% Stake in Webull Corp.

Jun Yuan, a Chinese citizen, has disclosed a 7.4% beneficial ownership stake in Webull Corporation's Class A ordinary shares, totaling 29,758,301 shares.

Summary

• Jun Yuan beneficially owns 29,758,301 Class A ordinary shares of Webull Corporation.
• This represents 7.4% of the total 401,758,855 Class A ordinary shares outstanding.
• The shares are held indirectly through NotNull Inc., with voting power fully retained by ToString Inc., which is wholly-owned by Jun Yuan.
• The filing was submitted late due to delays in obtaining EDGAR filing codes.

Sentiment

Score: 5

Explanation: Neutral. The filing is a factual disclosure of beneficial ownership. The minor negative is the administrative delay in filing, but it is explained.

Positives

• Disclosure of a significant beneficial ownership stake by an individual, potentially indicating long-term interest in Webull Corporation.

Negatives

• The Schedule 13G filing was submitted late due to administrative delays in obtaining EDGAR filing codes.

Risks

• Potential for administrative delays in future SEC filings due to issues with EDGAR access codes, as experienced with this filing.

Future Outlook

The filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding Webull Corporation's future operations or financial performance.

Management Comments

• Not applicable, as this filing is a beneficial ownership report by an individual, not a corporate management statement.

Industry Context

This filing is a standard disclosure of significant beneficial ownership, common in the financial services industry where large individual or institutional investors hold stakes in publicly traded companies like Webull Corporation, an online brokerage firm. It does not provide specific insights into broader industry trends beyond the ownership structure.

Comparison to Industry Standards

• This Schedule 13G filing is a standard regulatory disclosure for beneficial ownership exceeding 5% and aligns with SEC reporting requirements. It does not present financial results or operational metrics that would allow for a direct comparison to industry-specific benchmarks or competitor performance (e.g., Robinhood, Charles Schwab, Interactive Brokers). The focus is solely on the ownership stake of Jun Yuan in Webull Corporation.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant individual shareholder's stake in the company.
• Regulatory Authorities: Fulfills SEC disclosure requirements for beneficial ownership.

Next Steps

• The filing does not specify any future actions or milestones for Webull Corporation or the reporting person beyond the regulatory disclosure itself.

Key Dates

Keywords

Webull Corporation, Jun Yuan, Beneficial Ownership, Class A Ordinary Shares, SEC Filing, Schedule 13G, Financial Services, Brokerage