Blue Gold director discloses 434,689-share stake

Blue Gold Ltd director Tan Tao has filed an initial statement of ownership showing a substantial indirect stake in the company.

Rhea-AI Filing Summary

Blue Gold Ltd director Tan Tao has filed an initial statement of ownership showing a substantial indirect stake in the company. The filing reports that 434,689 Class A Ordinary Shares are held through Cibreo Partners LLC, which is described as his personal company. A footnote explains that Tan is the majority owner of Cibreo Partners LLC and has sole voting and dispositive power over these shares, meaning he effectively controls how they are voted and whether they are sold or held. This Form 3 does not report a new trade, but instead establishes his existing beneficial ownership position as a company insider.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Tan Tao

Role Director

Type	Security	Shares	Price	Value
holding	Class A Ordinary Shares	--	--	--

Holdings After Transaction: Class A Ordinary Shares — 434,689 shares (Indirect, By Cibreo Partners LLC, the Reporting Person's personal company.)

Footnotes (1)

1. F1. Reporting Person is the majority owner of Cibreo Partners LLC and as such has sole voting and dispositive power with respect to such shares.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does Tan Tao’s Form 3 filing for Blue Gold Ltd (BGL) show?

The Form 3 shows that director Tan Tao beneficially owns 434,689 Class A Ordinary Shares of Blue Gold Ltd through Cibreo Partners LLC, his personal company, establishing his existing insider stake and control over those shares.

How are Tan Tao’s Blue Gold Ltd (BGL) shares held according to the Form 3?

The shares are held indirectly through Cibreo Partners LLC, described as Tan Tao’s personal company. A footnote states he is the majority owner and holds sole voting and dispositive power over the 434,689 Class A Ordinary Shares.

Did Tan Tao buy or sell Blue Gold Ltd (BGL) shares in this Form 3?

The Form 3 does not report a new purchase or sale. It records an initial holding entry, indicating Tan Tao’s existing beneficial ownership of 434,689 Class A Ordinary Shares rather than a fresh transaction in the market.

What level of control does Tan Tao have over his Blue Gold Ltd (BGL) shares?

A footnote explains that Tan Tao, as majority owner of Cibreo Partners LLC, has sole voting and dispositive power over the 434,689 Class A Ordinary Shares, meaning he controls how the shares are voted and when they may be sold.

Why is Tan Tao’s Form 3 for Blue Gold Ltd (BGL) important for investors?

The filing clarifies that director Tan Tao has a significant indirect stake of 434,689 Class A Ordinary Shares. Knowing insider ownership levels helps investors understand how closely leadership’s financial interests are tied to the company’s long-term performance.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/18/2026 - 08:14 PM Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
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1. Name and Address of Reporting Person^*

Tan Tao

(Last) (First) (Middle)

C/O BLUE GOLD LIMITED

94 SOLARIS AVENUE, CAMANA BAY

(Street)

GRAND CAYMAN KYI-1108

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Blue Gold Ltd [ BGL ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Ordinary Shares	434,689	I	By Cibreo Partners LLC, the Reporting Person's personal company.(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reporting Person is the majority owner of Cibreo Partners LLC and as such has sole voting and dispositive power with respect to such shares.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Carla Parsons, Attorney-in-Fact	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)