Guernsey funds disclose sub-5% Webull (BULL) stakes in Schedule 13G/A

Rhea-AI Filing Summary

Webull Corp received an updated ownership report on its Class A Ordinary Shares from three Guernsey-based entities: HS Investments IV Ltd, HS Investments IV C L.P., and Hedosophia Partners IV GP Limited. The filing shows these institutional investors each now hold 5 percent or less of this share class.

HS Investments IV Ltd reports beneficial ownership of 15,060,036 shares, or 3.60% of the class, all with shared voting and dispositive power. HS Investments IV C L.P. reports 7,810,349 shares, or 1.87%, and Hedosophia Partners IV GP Limited reports 6,315,940 shares, or 3.38%, each also with only shared voting and dispositive power.

The board members of Hedosophia Partners IV GP Limited expressly disclaim beneficial ownership of its portfolio securities, and each reporting entity disclaims beneficial ownership of shares held by the others.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Webull Corp

(Name of Issuer)

Webull Class A Ordinary Shares

(Title of Class of Securities)

G9572D103

(CUSIP Number)

04/17/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G9572D103

1

Names of Reporting Persons

HS Investments IV Ltd

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

GUERNSEY

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 15,060,036.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 15,060,036.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

15,060,036.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.60 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP No. G9572D103

1

Names of Reporting Persons

HS Investments IV C L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

GUERNSEY

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 7,810,349.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 7,810,349.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,810,349.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.87 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. G9572D103

1

Names of Reporting Persons

Hedosophia Partners IV GP Limited

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

GUERNSEY

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 6,315,940.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 6,315,940.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,315,940.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.38 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Webull Corp
(b)	Address of issuer's principal executive offices: 200 Carillon Parkway, St. Petersburg, FL 33716
Item 2.
(a)	Name of person filing: This statement is being filed by (1) HS Investments IV Limited, a Guernsey limited company, (2) HS Investments IV C L.P , a Guernsey limited partnership, and (3) Hedosophia Partners IV GP Limited, a Guernsey limited company exempted company (collectively, the "Reporting Persons"). The board of directors of Hedosophia Partners IV GP Limited comprises Rob King, Fred Hervouet and Simon Williams. Because voting and investment decisions regarding Hedosophia Partners IV GP Limited's portfolio securities are made by its board of directors comprised of at least three individuals and a voting or investment decision requires the approval of a majority of those individuals, none of the individuals is deemed a beneficial owner of Hedosophia Partners IV GP Limited's portfolio securities for purposes of Section 13(d) of the Exchange Act, and each of them disclaims beneficial ownership of such securities. Except as set forth in this Item 2, each of the Reporting Persons disclaims beneficial ownership of any Shares owned beneficially or of record by any other Reporting Person.
(b)	Address or principal business office or, if none, residence: 3rd Floor, Suite 5, Weighbridge House, Lower Pollet, St. Peter Port, GY1 1WL, Guernsey
(c)	Citizenship: Guernsey
(d)	Title of class of securities: Webull Class A Ordinary Shares
(e)	CUSIP No.: G9572D103
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See responses to row 9 on each cover page hereto which, together with the information set forth in Item 2 of this statement, are incorporated by reference into this Item 4.
(b)	Percent of class: See responses to row 11 on each cover page.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See responses to row 5 on each cover page.
	(ii) Shared power to vote or to direct the vote: See responses to row 6 on each cover page.
	(iii) Sole power to dispose or to direct the disposition of: See responses to row 7 on each cover page.
	(iv) Shared power to dispose or to direct the disposition of: See responses to row 8 on each cover page.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

HS Investments IV Ltd

Signature:	/s/ Simon Williams
Name/Title:	Simon Williams, Director
Date:	02/13/2026

HS Investments IV C L.P.

Signature:	/s/ Simon Williams
Name/Title:	Simon Williams, Director
Date:	02/13/2026

Hedosophia Partners IV GP Limited

Signature:	/s/ Simon Williams
Name/Title:	Simon Williams, Director
Date:	02/13/2026

FAQ

What does the Schedule 13G/A filing reveal about Webull (BULL) ownership?

The filing shows three Guernsey-based entities reporting passive ownership in Webull Class A Ordinary Shares. Each reports beneficial ownership of 5 percent or less of the class, with only shared, not sole, voting and dispositive power over their reported shares.

How many Webull (BULL) shares does HS Investments IV Ltd report owning?

HS Investments IV Ltd reports beneficial ownership of 15,060,036 Webull Class A Ordinary Shares. This position represents 3.60% of the outstanding Class A shares, with all voting and dispositive authority shared rather than held on a sole basis by the reporting person.

What stake in Webull (BULL) is reported by HS Investments IV C L.P.?

HS Investments IV C L.P. reports beneficial ownership of 7,810,349 Webull Class A Ordinary Shares. This holding represents 1.87% of the class, and the entity reports zero sole voting or dispositive power, with all such powers held on a shared basis only.

What position does Hedosophia Partners IV GP Limited report in Webull (BULL)?

Hedosophia Partners IV GP Limited reports beneficial ownership of 6,315,940 Webull Class A Ordinary Shares. This corresponds to 3.38% of the class, with no sole voting or dispositive power and all authority over these shares described as shared in the ownership table.

Do the directors of Hedosophia Partners IV GP Limited claim beneficial ownership of Webull (BULL) shares?

No. The filing states that voting and investment decisions for Hedosophia Partners IV GP Limited require a board majority, and its directors Rob King, Fred Hervouet, and Simon Williams each disclaim beneficial ownership of the portfolio securities for Section 13(d) purposes.

Are HS Investments IV entities and Hedosophia reporting more than 5% of Webull (BULL)?

No. The filing’s Item 5 confirms ownership of 5 percent or less of the class. HS Investments IV Ltd reports 3.60%, HS Investments IV C L.P. reports 1.87%, and Hedosophia Partners IV GP Limited reports 3.38% of Webull Class A Ordinary Shares, all below the 5% threshold.