Major holder Timothy P. Lynch reports 9.9% stake in Evolus (EOLS)

Rhea-AI Filing Summary

Timothy P. Lynch reports beneficial ownership of 6,425,726 shares of Evolus, Inc. common stock, representing 9.9% of the class. This includes 4,705,009 shares over which he has sole voting and dispositive power and 1,720,717 shares with shared voting and dispositive power.

The ownership percentage is based on 64,819,784 shares of Evolus common stock outstanding as of October 31, 2025, as reported by the company. Lynch states that the securities were not acquired and are not held for the purpose of changing or influencing control of Evolus.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Evolus, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

30052C107

(CUSIP Number)

12/31/2025

(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. 30052C107

1

Names of Reporting Persons

Timothy P. Lynch

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

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 4,705,009.00
6	Shared Voting Power 1,720,717.00
7	Sole Dispositive Power 4,705,009.00
8	Shared Dispositive Power 1,720,717.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,425,726.00

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)

9.9 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: The percentages reported in this Schedule 13G are based on 64,819,784 shares of Common Stock outstanding as of October 31, 2025, as reported in the Form 10-Q filed by the Issuer for the quarter ended September 30, 2025.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Evolus, Inc.
(b)	Address of issuer's principal executive offices: 520 Newport Center Drive Suite 1200, Newport Beach, California 92660
Item 2.
(a)	Name of person filing: Timothy P. Lynch
(b)	Address or principal business office or, if none, residence: 70 SW Century Dr, STE 100 PMB 1257 Bend, OR 97702
(c)	Citizenship: USA
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 30052C107
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: 6,425,726
(b)	Percent of class: 9.9%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 4,705,009
	(ii) Shared power to vote or to direct the vote: 1,720,717
	(iii) Sole power to dispose or to direct the disposition of: 4,705,009
	(iv) Shared power to dispose or to direct the disposition of: 1,720,717
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
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.

Timothy P. Lynch

Signature:	/s/ Timothy P. Lynch
Name/Title:	Reporting person
Date:	02/17/2026

FAQ

What ownership stake does Timothy P. Lynch report in Evolus (EOLS)?

Timothy P. Lynch reports beneficial ownership of 6,425,726 shares of Evolus common stock, representing 9.9% of the outstanding class. This disclosure indicates he is a significant shareholder but remains under the 10% threshold often associated with control considerations.

How are Timothy P. Lynch’s Evolus (EOLS) shares divided between sole and shared power?

Lynch reports 4,705,009 shares with sole voting and dispositive power and 1,720,717 shares with shared voting and dispositive power. This breakdown shows where he alone controls the shares versus where control is shared with other parties.

What share count did Evolus (EOLS) report outstanding for calculating the 9.9% stake?

The 9.9% ownership is calculated using 64,819,784 shares of Evolus common stock outstanding as of October 31, 2025. This outstanding share figure comes from Evolus’s Form 10-Q for the quarter ended September 30, 2025.

Is Timothy P. Lynch seeking to influence control of Evolus (EOLS)?

Lynch certifies that the Evolus securities were not acquired and are not held for the purpose of changing or influencing control of the company. He also states they are not held in connection with any transaction having that control-changing purpose or effect.

What type of reporting person is Timothy P. Lynch in this Evolus (EOLS) disclosure?

Lynch is identified as an individual U.S. citizen reporting beneficial ownership of Evolus common stock. He does not classify himself as a broker, bank, investment adviser, or other institutional filer category under the Schedule 13G reporting framework.

On what date did the Evolus (EOLS) ownership level trigger this Schedule 13G/A report?

The report is tied to an event date of December 31, 2025. That date reflects when the ownership information became reportable under beneficial ownership rules, prompting the updated Schedule 13G/A submission by Timothy P. Lynch.