Marex Group (LGHL) discloses 7.8% passive ownership in Lion Group shares

Rhea-AI Filing Summary

Marex Financial and its parent Marex Group plc reported a passive ownership stake in Lion Group Holding Ltd (LGHL). They beneficially own 34,751 Class A ordinary shares represented by American Depositary Shares, equal to 7.8% of this share class as of 12/31/2025.

The filing states Marex has sole voting and dispositive power over these 34,751 shares and no shared power. The reporting persons certify the position was not acquired to change or influence control of Lion Group and is not part of a control-related transaction.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Lion Group Holding Ltd

(Name of Issuer)

Class A Ordinary Shares represented by American Depositary Shares

(Title of Class of Securities)

53620U706

(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. 53620U706

1

Names of Reporting Persons

Marex Financial

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 KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 34,751.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 34,751.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

34,751.00

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)

7.8 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP No. 53620U706

1

Names of Reporting Persons

Marex Group plc

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 KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 34,751.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 34,751.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

34,751.00

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)

7.8 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Lion Group Holding Ltd
(b)	Address of issuer's principal executive offices: 10 UBI CRESCENT, #06-51 (OFFICE 12), UBI TECHPARK, LOBBY C, SINGAPORE, SINGAPORE, 408574
Item 2.
(a)	Name of person filing: Marex Financial Marex Group plc
(b)	Address or principal business office or, if none, residence: Marex Financial 155 Bishopsgate London, X0 EC2M 3TQ Marex Group plc 155 Bishopsgate London, X0 EC2M 3TQ
(c)	Citizenship: Marex Financial United Kingdom Marex Group plc United Kingdom
(d)	Title of class of securities: Class A Ordinary Shares represented by American Depositary Shares
(e)	CUSIP No.: 53620U706
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: 34,751
(b)	Percent of class: 7.8 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 34,751
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 34,751
	(iv) Shared power to dispose or to direct the disposition of: 0
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.

Marex Financial

Signature:	Scott Linsley
Name/Title:	Corporate Secretary
Date:	02/17/2026

Marex Group plc

Signature:	Scott Linsley
Name/Title:	Corporate Secretary
Date:	02/17/2026

FAQ

What stake in Lion Group Holding Ltd (LGHL) is reported in this Schedule 13G?

The filing reports that Marex entities beneficially own 34,751 Class A ordinary shares of Lion Group Holding Ltd, represented by American Depositary Shares. This holding represents 7.8% of that share class as of December 31, 2025, based on the filer’s calculation.

Who are the reporting persons in the LGHL Schedule 13G filing?

The reporting persons are Marex Financial and its parent Marex Group plc. Both list the same beneficial ownership of 34,751 Class A ordinary shares, with identical sole voting and sole dispositive power, reflecting a consolidated 7.8% stake in the share class.

Does Marex seek to influence control of Lion Group Holding Ltd (LGHL)?

The filers certify the securities were not acquired and are not held to change or influence control of Lion Group. They also state the holding is not part of any transaction with that purpose, other than activities solely in connection with a nomination under Rule 14a-11.

What voting and dispositive powers does Marex report over LGHL shares?

Marex reports sole power to vote or direct the vote over 34,751 shares and sole power to dispose or direct the disposition of 34,751 shares. They report zero shared voting power and zero shared dispositive power over Lion Group’s Class A ordinary shares reported here.

On what date is Marex’s 7.8% LGHL ownership measured?

The reported 7.8% ownership of Lion Group Holding Ltd’s Class A ordinary shares is measured as of December 31, 2025. That date is identified as the “Date of Event Which Requires Filing” of this Schedule 13G, establishing the reference point for the ownership figures.

Where are Marex and Lion Group Holding Ltd based according to the filing?

Lion Group’s principal executive offices are in Singapore at UBI Techpark. Marex Financial and Marex Group plc list their principal business office at 155 Bishopsgate, London, United Kingdom, reflecting their status as U.K. entities reporting a stake in the Singapore-based issuer.