Lincoln Alternative Reports 555,000 Shares, 6.94% of CEL‑SCI

Rhea-AI Filing Summary

Lincoln Alternative Strategies LLC reported beneficial ownership of 555,000 shares of CEL-SCI Corporation common stock, representing 6.94% of the outstanding class. The filing states the reporter is organized in Delaware and holds sole voting and dispositive power over these shares. The report also includes a certification that the shares were not acquired to change or influence control of the issuer and are not held in connection with such transactions. The disclosure identifies the position as passive ownership under the Schedule 13G framework and provides the reporter's signature by its managing member.

Positive

• Disclosed substantial passive stake: ownership of 555,000 shares representing 6.94% of the class
• Sole voting and dispositive power over the reported shares, clarifying control of the position
• Certification of passive intent stating the shares were not acquired to change or influence control

Negative

• None.

Insights

Financial Analyst

TL;DR: A substantial passive stake (6.94%) was disclosed, notable for share count but not an active control signal.

The filing shows Lincoln Alternative Strategies LLC holds 555,000 shares with sole voting and dispositive power, amounting to 6.94% of CEL-SCI's common stock. Under Schedule 13G, this indicates a passive investor position rather than an intent to influence control. For investors, a >5% holder can matter for liquidity and potential coordination with other holders, but absent statements of activist intent or plans to change control, the disclosure is informational rather than a corporate governance catalyst.

Corporate Governance Expert

TL;DR: Ownership crosses the 5% reporting threshold but the signer affirms no control-seeking purpose.

The statement includes the required certification that the securities were not acquired to affect control and were not acquired in connection with transactions intended to change control. The reporting of sole voting and dispositive power is routine disclosure detail; it does not, by itself, imply planned governance action. This is a material ownership disclosure for transparency but lacks any governance proposals, exemptions, or group affiliations.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

CEL-SCI Corporation

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

150837706

(CUSIP Number)

08/27/2025

(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. 150837706

1

Names of Reporting Persons

Lincoln Alternative Strategies LLC

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 555,000.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 555,000.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

555,000.00

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)

6.94 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Beneficial ownership percentage based on 7,993,356 shares of the Issuer's common stock issued and outstanding as of August 27, 2025.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: CEL-SCI Corporation
(b)	Address of issuer's principal executive offices: 8229 Boone Boulevard, Suite 802, Vienna, VA, 22182
Item 2.
(a)	Name of person filing: Lincoln Alternative Strategies LLC
(b)	Address or principal business office or, if none, residence: 404 Washington Ave., Suite 650, Miami Beach, FL 33139
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common Stock, par value $0.01 per share
(e)	CUSIP No.: 150837706
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: 555,000
(b)	Percent of class: 6.94%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 555,000
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 555,000
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	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:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

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.

Lincoln Alternative Strategies LLC

Signature:	/s/ Stephen Temes
Name/Title:	Stephen Temes/Managing Member
Date:	08/29/2025

FAQ

What stake did Lincoln Alternative Strategies LLC report in CEL-SCI (CVM)?

The filer reported beneficial ownership of 555,000 shares, equal to 6.94% of CEL-SCI's outstanding common stock.

Does the Schedule 13G filing indicate an attempt to influence CEL-SCI's management or control?

No. The filing includes a certification that the securities were not acquired to change or influence control and are held passively under Schedule 13G.

What voting and dispositive powers were reported by Lincoln Alternative Strategies LLC?

The filer reported sole voting power for 555,000 shares and sole dispositive power for 555,000 shares, with no shared powers.

Does the filing identify any group or affiliated holders for the CEL-SCI stake?

No. The filing indicates not applicable for group identification and does not list affiliated holders.

Under which reporting framework was this ownership disclosed?

The ownership was disclosed on a Schedule 13G, which is used for passive investors meeting certain conditions.