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Large Rezolve AI (RZLV) shareholders update 13D after new share issuance

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Rezolve AI plc major shareholders filed Amendment No. 3 to update their Schedule 13D positions in the company’s ordinary shares. Daniel Maurice Wagner now reports beneficial ownership of 52,483,622 shares, representing 15.60% of the 336,327,587 shares outstanding as of December 31, 2025. DBLP Sea Cow Limited, wholly owned by Daniel Wagner, holds 47,785,117 shares, or 14.21% of the class, while Adam Wagner reports 48,535,117 shares, or 14.43%. The filing notes that on March 18 the company issued 8,040,733 shares at par value to DBLP for services, and on April 2, 2026 DBLP purchased 273,319 shares from John Wagner’s widow and 539,637 shares from M1 Real Estate Group at $4.00 per share.

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Insights

Filing updates concentrated family ownership after new share issuance and purchases.

The amendment shows Daniel Wagner and related entities maintaining a significant stake in Rezolve AI plc. Daniel Wagner reports beneficial ownership of 52,483,622 ordinary shares, equal to 15.60% of the 336,327,587 shares outstanding as of December 31, 2025.

DBLP Sea Cow Limited, wholly owned by Daniel Wagner, holds 47,785,117 shares, or 14.21%, and Adam Wagner reports 48,535,117 shares, or 14.43%, including 6,250 shares underlying private warrants. The Estate of John Wagner holds 819,958 shares, or 0.24%, acquired by operation of law upon his death.

The filing highlights two transactions: on March 18 the company issued 8,040,733 shares at par value to DBLP for services, and on April 2, 2026 DBLP purchased 273,319 shares from John Wagner’s widow and 539,637 shares from M1 Real Estate Group at $4.00 per share. Future company disclosures may further detail how this concentrated ownership influences board and management interactions.

Daniel Wagner beneficial ownership 52,483,622 shares (15.60%) Ordinary shares outstanding 336,327,587 as of December 31, 2025
DBLP Sea Cow Limited holdings 47,785,117 shares (14.21%) Beneficial ownership of Rezolve AI ordinary shares
Adam Wagner beneficial ownership 48,535,117 shares (14.43%) Includes 6,250 shares underlying private warrants
Estate of John Wagner holdings 819,958 shares (0.24%) Acquired by operation of law upon death of John Wagner
New shares issued to DBLP 8,040,733 shares Issued at par value on March 18 in consideration for services
Shares bought from widow 273,319 shares at $4.00/share Purchased by DBLP on April 2, 2026 from John Wagner’s widow
Shares bought from M1 Real Estate Group 539,637 shares at $4.00/share Purchased by DBLP on April 2, 2026
Outstanding ordinary shares baseline 336,327,587 shares Ordinary Shares outstanding as of December 31, 2025 per Form 20-F
beneficially owned financial
"Aggregate amount beneficially owned includes (i) 4,698,505 shares held directly..."
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.
Schedule 13D regulatory
"This Amendment No. 3 to (the "Amendment") amends and supplements the filed..."
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
call option financial
"Excludes 3,592,193 shares directly held by DBLP that are subject to a call option..."
A call option is a contract that gives its buyer the right, but not the obligation, to buy a specific number of shares at a predetermined price within a set time period. Think of it as a refundable reservation to buy an item later at today’s price: you pay a fee up front and can profit if the stock rises, while your downside is limited to that fee; investors use calls to gain leverage, speculate on upside, or hedge positions without owning the shares.
par value financial
"the ordinary shares, par value 0.0001 per share (the "Ordinary Shares"), of Rezolve AI plc..."
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
joint filing agreement regulatory
"1. Joint Filing Agreement dated April 23, 2026."





G75398100

(CUSIP Number)
Penny Minna
650 S. Exeter Street #1100,
Baltimore, MD, 21202
410-580-3000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
03/18/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
(1) Aggregate amount beneficially owned includes (i) 4,698,505 shares held directly by Daniel Wagner and (ii) 47,785,117 shares held directly by DBLP Sea Cow Limited ("DBLP"). Excludes 3,592,193 shares directly held by DBLP that are subject to a call option currently exercisable by Brad Wickens, in which DBLP has no voting or investment power over such shares. DBLP is wholly owned by Daniel Wagner; therefore, the shares of DBLP are deemed to be beneficially owned by him, and he may be deemed to have voting and investment power over the shares held by DBLP. (2) All percentage calculations herein are based on 336,327,587 Ordinary Shares outstanding as of December 31, 2025, as disclosed in the Issuer's Annual Report on Form 20-F filed March 30, 2026.


SCHEDULE 13D




Comment for Type of Reporting Person:
(1) The securities beneficially owned by the Estate of John Wagner were acquired as a result of the death of John Wagner. The securities were acquired by the Estate of John Wagner by operation of law upon John Wagner's death. Therefore, the source of funds is inapplicable. (2) All percentage calculations herein are based on 336,327,587 Ordinary Shares outstanding as of December 31, 2025, as disclosed in the Issuer's Annual Report on Form 20-F filed March 30, 2026. (3) The Reporting Person is an estate to which the securities reported herein passed upon the death of John Wagner.


SCHEDULE 13D




Comment for Type of Reporting Person:
(1) Excludes 3,592,193 shares directly held by DBLP that are subject to a call option currently exercisable by Brad Wickens, in which DBLP has no voting or investment power over such shares. DBLP is wholly owned by Daniel Wagner; therefore, the shares of DBLP are deemed to be beneficially owned by him, and he may be deemed to have voting and investment power over the shares held by DBLP. (2) All percentage calculations herein are based on 336,327,587 Ordinary Shares outstanding as of December 31, 2025, as disclosed in the Issuer's Annual Report on Form 20-F filed March 30, 2026.


SCHEDULE 13D




Comment for Type of Reporting Person:
(1) Aggregate amount beneficially owned includes (i) 743,750 shares directly owned by Mr. Adam Wagner, (ii) 6,250 shares underlying private warrants held by Mr. Adam Wagner, and (iii) 47,785,117 shares held directly by DBLP Sea Cow Limited ("DBLP"). Excludes 3,592,193 shares directly held by DBLP that are subject to a call option currently exercisable by Brad Wickens, in which DBLP has no voting or investment power over such shares. Mr. Adam Wagner is a director of DBLP and may be deemed to have voting and investment power over the shares held by DBLP. (2) All percentage calculations herein are based on 336,327,587 Ordinary Shares outstanding as of December 31, 2025, as disclosed in the Issuer's Annual Report on Form 20-F filed March 30, 2026.


SCHEDULE 13D


Daniel Maurice Wagner
Signature:/s/ Daniel Maurice Wagner
Name/Title:Daniel Maurice Wagner
Date:04/23/2026
Estate of John Wagner
Signature:/s/ Daniel Wagner
Name/Title:Daniel Wagner, Executor
Date:04/23/2026
DBLP Sea Cow Limited
Signature:/s/ Daniel Wagner
Name/Title:Daniel Wagner, Director
Date:04/23/2026
Adam Wagner
Signature:/s/ Adam Wagner
Name/Title:Adam Wagner
Date:04/23/2026

FAQ

What ownership stake does Daniel Maurice Wagner report in Rezolve AI plc (RZLV)?

Daniel Maurice Wagner reports beneficial ownership of 52,483,622 Rezolve AI ordinary shares, equal to 15.60% of 336,327,587 shares outstanding as of December 31, 2025. This total includes shares he holds directly and shares owned through DBLP Sea Cow Limited.

How many Rezolve AI (RZLV) shares does DBLP Sea Cow Limited hold?

DBLP Sea Cow Limited reports beneficial ownership of 47,785,117 Rezolve AI ordinary shares, representing 14.21% of the company’s outstanding shares as of December 31, 2025. DBLP is wholly owned by Daniel Wagner, who may be deemed to have voting and investment power over these shares.

What new Rezolve AI shares were issued to DBLP Sea Cow Limited?

On March 18, Rezolve AI issued 8,040,733 ordinary shares at par value to DBLP Sea Cow Limited in consideration for services rendered. This transaction increased DBLP’s holdings and is one of the key events prompting the updated Schedule 13D amendment filing.

What is Adam Wagner’s reported beneficial ownership in Rezolve AI (RZLV)?

Adam Wagner reports beneficial ownership of 48,535,117 Rezolve AI ordinary shares, or 14.43% of the class as of December 31, 2025. This includes 743,750 shares he holds directly, 6,250 shares underlying private warrants, and 47,785,117 shares held by DBLP Sea Cow Limited.

How many Rezolve AI (RZLV) shares are attributed to the Estate of John Wagner?

The Estate of John Wagner reports beneficial ownership of 819,958 Rezolve AI ordinary shares, representing 0.24% of the outstanding shares as of December 31, 2025. These securities passed to the estate by operation of law upon John Wagner’s death, rather than via a purchase transaction.

What is the total number of Rezolve AI shares outstanding used in this Schedule 13D/A?

All percentage calculations in the amended Schedule 13D for Rezolve AI use 336,327,587 ordinary shares outstanding as of December 31, 2025. This share count comes from the company’s Annual Report on Form 20-F filed on March 30, 2026, and underpins each reported ownership percentage.