Stephens Inc. and related entities filed Amendment No. 8 reporting beneficial ownership of 1,102,847 shares of Kura Sushi USA, Inc. Class A common stock. This stake represents 9.9% of the class as of June 30, 2026, with shared voting and dispositive power over all reported shares and no sole voting or dispositive power.
The filing lists multiple affiliated reporting persons, including SI Holdings Inc., Stephens Financial Services LLC, various 2012 trusts and LLCs, and individuals Warren A. Stephens, Warren Miles Amerine Stephens, John Calhoun Stephens, and Laura Stephens Brookshire. It also notes that various persons, including Jerry N. Carr and Rebecca C. Carr, have rights to receive dividends or sale proceeds from shares covered by this ownership.
Positive
None.
Negative
None.
Key Figures
Beneficially owned shares:1,102,847 sharesPercent of class:9.9%CUSIP:501270102+1 more
4 metrics
Beneficially owned shares1,102,847 sharesClass A common stock beneficially owned by Stephens-affiliated reporting persons
Percent of class9.9%Ownership percentage of Kura Sushi USA Class A common stock
CUSIP501270102CUSIP for Kura Sushi USA, Inc. Class A common stock
As-of date06/30/2026Date associated with reported ownership figures
"Amount beneficially owned: See responses in row 9 on the cover pages"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
shared voting powerfinancial
"Shared Voting Power 1,102,847.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive powerfinancial
"Shared Dispositive Power 1,102,847.00"
parent holding companyfinancial
"Reporting person is a parent holding company of Stephens Inc."
CUSIP No.financial
"CUSIP No.: 501270102"
FAQ
What percentage of Kura Sushi USA (KRUS) does the Stephens group report owning?
The Stephens-affiliated reporting persons collectively report beneficial ownership of 9.9% of Kura Sushi USA’s Class A common stock, representing 1,102,847 shares. This ownership is held with shared voting and dispositive power, with no sole voting or dispositive authority disclosed.
How many Kura Sushi USA (KRUS) shares are beneficially owned according to this Schedule 13G/A?
The filing reports beneficial ownership of 1,102,847 shares of Kura Sushi USA Class A common stock. All of these shares are subject to shared voting and shared dispositive power among the reporting persons, with no shares under sole voting or dispositive control.
Who are the main reporting persons in this Kura Sushi USA (KRUS) ownership filing?
Key reporting persons include Stephens Inc., SI Holdings Inc., Stephens Financial Services LLC, several 2012 trusts and LLCs, and individuals Warren A. Stephens, Warren Miles Amerine Stephens, John Calhoun Stephens, and Laura Stephens Brookshire, each reporting the same 1,102,847-share, 9.9% position.
What voting and dispositive powers over Kura Sushi USA (KRUS) shares are disclosed?
The reporting persons disclose 0 shares with sole voting or dispositive power and 1,102,847 shares with shared voting and shared dispositive power. This means control over voting and disposition is exercised jointly rather than individually by any single reporting person.
Which other parties have economic interests in Kura Sushi USA (KRUS) shares covered here?
The filing states that various persons other than the reporting persons may receive dividends or sale proceeds, including Jerry N. Carr and Rebecca C. Carr, whose joint interests relate to more than 5% of Kura Sushi USA’s Class A common stock reported in this schedule.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 8)
KURA SUSHI USA, INC.
(Name of Issuer)
Class A Common Stock, $0.001 par value per share
(Title of Class of Securities)
501270102
(CUSIP Number)
06/30/2026
(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)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
501270102
1
Names of Reporting Persons
Stephens Inc.
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
ARKANSAS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,102,847.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,102,847.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,102,847.00
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)
IA
SCHEDULE 13G
CUSIP Number(s):
501270102
1
Names of Reporting Persons
SI Holdings Inc.
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
ARKANSAS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,102,847.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,102,847.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,102,847.00
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)
HC
Comment for Type of Reporting Person: Reporting person is a parent holding company of Stephens Inc. in accordance with Rule 13d-1(b)(1)(ii)(G).
SCHEDULE 13G
CUSIP Number(s):
501270102
1
Names of Reporting Persons
STEPHENS FINANCIAL SERVICES 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
ARKANSAS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,102,847.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,102,847.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,102,847.00
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)
HC
Comment for Type of Reporting Person: Reporting person is a parent holding company of Stephens Inc. in accordance with Rule 13d-1(b)(1)(ii)(G).
SCHEDULE 13G
CUSIP Number(s):
501270102
1
Names of Reporting Persons
Warren A. Stephens
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
0.00
6
Shared Voting Power
1,102,847.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,102,847.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,102,847.00
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)
HC
Comment for Type of Reporting Person: Reporting person is a control person of Stephens Inc. in accordance with Rule 13d-1(b)(1)(ii)(G).
SCHEDULE 13G
CUSIP Number(s):
501270102
1
Names of Reporting Persons
Warren Miles Amerine Stephens 2012 Trust UID 12/27/2012
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
ARKANSAS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,102,847.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,102,847.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,102,847.00
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)
HC
SCHEDULE 13G
CUSIP Number(s):
501270102
1
Names of Reporting Persons
John Calhoun Stephens 2012 Trust UID 12/27/2012
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
ARKANSAS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,102,847.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,102,847.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,102,847.00
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)
HC
SCHEDULE 13G
CUSIP Number(s):
501270102
1
Names of Reporting Persons
Laura Whitaker Stephens 2012 Trust UID 12/27/2012
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
ARKANSAS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,102,847.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,102,847.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,102,847.00
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)
HC
SCHEDULE 13G
CUSIP Number(s):
501270102
1
Names of Reporting Persons
WMAS-2012 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
ARKANSAS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,102,847.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,102,847.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,102,847.00
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)
HC
SCHEDULE 13G
CUSIP Number(s):
501270102
1
Names of Reporting Persons
JCS-2012 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
ARKANSAS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,102,847.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,102,847.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,102,847.00
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)
HC
SCHEDULE 13G
CUSIP Number(s):
501270102
1
Names of Reporting Persons
LWS-2012 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
ARKANSAS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,102,847.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,102,847.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,102,847.00
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)
HC
SCHEDULE 13G
CUSIP Number(s):
501270102
1
Names of Reporting Persons
Warren Miles Amerine Stephens
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
0.00
6
Shared Voting Power
1,102,847.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,102,847.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,102,847.00
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)
HC
SCHEDULE 13G
CUSIP Number(s):
501270102
1
Names of Reporting Persons
John Calhoun Stephens
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
0.00
6
Shared Voting Power
1,102,847.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,102,847.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,102,847.00
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)
HC
SCHEDULE 13G
CUSIP Number(s):
501270102
1
Names of Reporting Persons
Laura Stephens Brookshire
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
0.00
6
Shared Voting Power
1,102,847.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,102,847.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,102,847.00
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)
HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
KURA SUSHI USA, INC.
(b)
Address of issuer's principal executive offices:
17461 Derian Avenue, Suite 200, Irvine, California 92614
Item 2.
(a)
Name of person filing:
See responses in row 1 on the cover pages of this schedule.
(b)
Address or principal business office or, if none, residence:
111 Center Street, Little Rock, Arkansas 72201
(c)
Citizenship:
See responses in row 4 on the cover pages of this schedule.
(d)
Title of class of securities:
Class A Common Stock, $0.001 par value per share
(e)
CUSIP No.:
501270102
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 in row 9 on the cover pages of this schedule.
(b)
Percent of class:
See responses in row 11 on the cover pages of this schedule.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See responses in row 5 on the cover pages of this schedule.
(ii) Shared power to vote or to direct the vote:
See responses in row 6 on the cover pages of this schedule.
(iii) Sole power to dispose or to direct the disposition of:
See responses in row 7 on the cover pages of this schedule.
(iv) Shared power to dispose or to direct the disposition of:
See responses in row 8 on the cover pages of this schedule.
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.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Various persons other than the reporting persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of the Common Stock reported on this schedule. Such persons include Jerry N. Carr and Rebecca C. Carr whose joint interests relate to more than five percent of the Common Stock.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
Please see Exhibit B attached hereto.
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 acquired and are held in the ordinary course of business and 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.
Stephens Inc.
Signature:
/s/ Todd Ferguson
Name/Title:
Todd Ferguson / Associate General Counsel
Date:
08/13/2026
SI Holdings Inc.
Signature:
/s/ Todd Ferguson
Name/Title:
Todd Ferguson / Attorney in fact for reporting person
Date:
08/13/2026
STEPHENS FINANCIAL SERVICES LLC
Signature:
/s/ Todd Ferguson
Name/Title:
Todd Ferguson / Attorney in fact for reporting person
Date:
08/13/2026
Warren A. Stephens
Signature:
/s/ Todd Ferguson
Name/Title:
Todd Ferguson / Attorney in fact for reporting person
Date:
08/13/2026
Warren Miles Amerine Stephens 2012 Trust UID 12/27/2012
Signature:
/s/ Todd Ferguson
Name/Title:
Todd Ferguson / Attorney in fact for reporting person
Date:
08/13/2026
John Calhoun Stephens 2012 Trust UID 12/27/2012
Signature:
/s/ Todd Ferguson
Name/Title:
Todd Ferguson / Attorney in fact for reporting person
Date:
08/13/2026
Laura Whitaker Stephens 2012 Trust UID 12/27/2012
Signature:
/s/ Todd Ferguson
Name/Title:
Todd Ferguson / Attorney in fact for reporting person
Date:
08/13/2026
WMAS-2012 LLC
Signature:
/s/ Todd Ferguson
Name/Title:
Todd Ferguson / Attorney in fact for reporting person
Date:
08/13/2026
JCS-2012 LLC
Signature:
/s/ Todd Ferguson
Name/Title:
Todd Ferguson / Attorney in fact for reporting person
Date:
08/13/2026
LWS-2012 LLC
Signature:
/s/ Todd Ferguson
Name/Title:
Todd Ferguson / Attorney in fact for reporting person
Date:
08/13/2026
Warren Miles Amerine Stephens
Signature:
/s/ Todd Ferguson
Name/Title:
Todd Ferguson / Attorney in fact for reporting person
Date:
08/13/2026
John Calhoun Stephens
Signature:
/s/ Todd Ferguson
Name/Title:
Todd Ferguson / Attorney in fact for reporting person
Date:
08/13/2026
Laura Stephens Brookshire
Signature:
/s/ Todd Ferguson
Name/Title:
Todd Ferguson / Attorney in fact for reporting person
