SunCar holder KMBP trims stake to 34.1%

KMBP Holdings now reports beneficial ownership of about 34.1% of SDA after selling 539,907 Class A shares in recent Nasdaq transactions.

Rhea-AI Filing Summary

SunCar Technology Group Inc. (SDA) has an updated large-shareholder disclosure from KMBP Holdings Limited in Amendment No. 6 to its Schedule 13D. KMBP reports beneficial ownership of 19,093,366 Class A Ordinary Shares, representing about 34.1% of the Class A Ordinary Shares outstanding as of March 31, 2026.

KMBP, organized in the British Virgin Islands, reports that this percentage is based on 55,969,794 Class A Ordinary Shares outstanding. Since the prior amendment, KMBP has sold 539,907 Class A Ordinary Shares in open market transactions on Nasdaq at weighted-average prices ranging from approximately $1.507 to $0.499 per share.

Filing Explained

This amendment updates KMBP’s above-5% ownership report: its remaining 19,093,366 shares are subject to shared voting and dispositive power exercised through KMBP’s board, so no single director is treated as individually owning them.

Key Figures

Beneficial ownership: 19,093,366 Class A Ordinary Shares Ownership percentage: 34.1% Shares outstanding: 55,969,794 Class A Ordinary Shares +4 more

7 metrics

Beneficial ownership 19,093,366 Class A Ordinary Shares Shares beneficially owned by KMBP Holdings as of the event date for Amendment No. 6

Ownership percentage 34.1% Portion of SDA Class A Ordinary Shares represented by KMBP’s holdings, based on shares outstanding as of March 31, 2026

Shares outstanding 55,969,794 Class A Ordinary Shares SDA Class A Ordinary Shares outstanding as of March 31, 2026, used for KMBP’s ownership calculation

Total shares sold 539,907 Class A Ordinary Shares KMBP’s aggregate sales between Amendment No. 5 and the event date for Amendment No. 6

Largest single-day sale 244,943 shares at $0.499 per share (weighted average) Open market sale on Nasdaq on September 8, 2026

Highest reported weighted average sale price $1.507 per share Weighted average price for 600 shares sold on April 24, 2026

Date of event requiring filing September 8, 2026 Date triggering the obligation to file Amendment No. 6

Key Terms

Schedule 13D, beneficial ownership, open market sales transaction, weighted average price

4 terms

Schedule 13D regulatory

"This Amendment No. 6 is filed by KMBP Holdings Limited and amends and supplements certain information in 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.

beneficial ownership financial

"This Amendment No. 6 is being filed to report KMBP's percentage of beneficial ownership of Class Ordinary Shares"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

open market sales transaction financial

"Each of the transactions set forth below is an open market sales transaction on NASDAQ."

weighted average price financial

"The prices reported in this column represent the weighted average price for each trade date."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many SunCar Technology Group Inc. (SDA) shares does KMBP Holdings own?

KMBP Holdings reports beneficial ownership of 19,093,366 Class A Ordinary Shares of SunCar Technology Group Inc. as of the date of the event requiring Amendment No. 6, calculated under Schedule 13D rules.

What percentage of SDA’s Class A shares does KMBP Holdings control?

KMBP Holdings reports that its 19,093,366 Class A Ordinary Shares represent approximately 34.1% of SunCar Technology Group Inc.’s Class A Ordinary Shares outstanding as of March 31, 2026.

How many SDA shares did KMBP Holdings sell according to this Schedule 13D/A?

Between the filing of Amendment No. 5 and the event date for Amendment No. 6, KMBP Holdings sold a total of 539,907 Class A Ordinary Shares of SunCar Technology Group Inc., as detailed in Annex A.

Over what period and where did KMBP Holdings sell SDA shares?

KMBP Holdings sold SDA shares in open market sales on Nasdaq from April 24, 2026 through September 8, 2026, with individual trade dates and share amounts listed in Annex A.

At what prices did KMBP Holdings sell SDA Class A shares?

For each trade date, KMBP reports a weighted average price, ranging from about $1.507 per share on April 24, 2026 to about $0.499 per share on September 8, 2026, with underlying trades occurring within disclosed price ranges.

How many SDA Class A shares were outstanding for KMBP’s ownership calculation?

KMBP’s reported 34.1% ownership is based on 55,969,794 Class A Ordinary Shares of SunCar Technology Group Inc. outstanding as of March 31, 2026, as cited from the company’s Form 6-K filed May 27, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/10/2026 - 09:00 AM Accepted by SEC EDGAR 09/10/2026 - 09:00 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 6)

SunCar Technology Group Inc.

(Name of Issuer)

Class A Ordinary Shares, $0.0001 par value per share

(Title of Class of Securities)

G85727108

(CUSIP Number)

Andrew Hin Yeung Lo
Suite 2202A, South Island Place, 8 Wong Chuk Hang Road
Hong Kong, F4, 00000
(852) 3556-0101

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

09/08/2026

(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

CUSIP Number(s): G85727108

1

Name of reporting person

KMBP Holdings Limited

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

VIRGIN ISLANDS, BRITISH

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 19,093,366.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 19,093,366.00

11

Aggregate amount beneficially owned by each reporting person

19,093,366.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

34.1 %

14

Type of Reporting Person (See Instructions)

CO, HC

Comment for Type of Reporting Person:

This amount consists of Class A Ordinary Shares of SunCar Technology Group Inc., an exempted company incorporated in the Cayman Islands (the "Issuer"), directly held by KMBP Holdings Limited ("KMBP"). The voting power and investment power of KMBP is exercised in accordance with the direction of its board of directors. The directors of KMBP on the date hereof are Mark Qiu, Yu Chun Yin and Bai Wei. In accordance with the rule of three, no single director has the power by himself to vote or dispose of the shares of the Issuer and, as a result, none of the directors are deemed to have beneficial ownership of the Issuer's shares held by KMBP. The percentage ownership calculation is based on 55,969,794 outstanding Class A Ordinary Shares reported by the Issuer as of March 31, 2026 as set forth in the Issuer's Report of Foreign Private Issuer on Form 6-K filed with the U.S. Securities and Exchange Commission (the "SEC") on May 27, 2026. See Item 3.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Class A Ordinary Shares, $0.0001 par value per share
(b)	Name of Issuer: SunCar Technology Group Inc.
(c)	Address of Issuer's Principal Executive Offices: SUITE 209, NO. 656 LINGSHI ROAD, JING'AN DISTRICT, SHANGHAI, CHINA , 200072.
Item 1 Comment: This Amendment No. 6 (this "Amendment No. 6") is filed by KMBP Holdings Limited ("KMBP" or the "Reporting Person") and amends and supplements certain information in the Schedule 13D filed with the SEC on May 30, 2023 (the "Original 13D") as amended by Amendment No. 1 filed with the SEC on November 8, 2023 ("Amendment No.1"), Amendment No. 2 filed with the SEC on January 26, 2024 ("Amendment No. 2"), Amendment No. 3 filed with the SEC on November 21, 2025 ("Amendment No. 3"), Amendment No. 4 filed with the SEC on April 3, 2026 ("Amendment No. 4") and Amendment No. 5 filed with the SEC on April 27, 2026 ("Amendment No. 5"). The Original 13D. as amended by Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4, Amendment No. 5 and this Amendment No. 6 (the "Schedule 13D"), relates to the Class A Ordinary Shares, $0.0001 par value per share (the "Class A Ordinary Shares"), of SunCar Technology Group Inc., a Cayman Islands exempted company (the "Issuer"). This Amendment No. 6 is being filed to report KMBP's percentage of beneficial ownership of Class Ordinary Shares calculated in accordance with Item 5 of Schedule 13D and the sale of Class A Ordinary Shares by KMBP since the filing date of Amendment No. 5. The Original 13D, as amended by Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4 and Amendment No. 5 is referred to herein as the "Prior 13D". Except as set forth below, all Items of the Prior 13D remain unchanged. All capitalized terms not otherwise defined herein shall have the meanings ascribed to such terms in the Original 13D.
Item 2.	Identity and Background
(a)	Item 2(a) of the Prior 13D is amended as follows: The second sentence of Item 2(a) is replaced by "KMBP was the direct owner of 19,093,366 shares of the Issuer as of the close of business on the date of the event which requires the filing of this Amendment No. 6."
Item 5.	Interest in Securities of the Issuer
(a)	The first and second paragraphs of Items (a) and (b) of Item 5 of the Prior 13D are hereby amended as follows: (a) -- (b) The following disclosure is based upon 55,969,794 Class A Ordinary Shares outstanding as of March 31, 2026 as set forth in the Issuer's Report of Foreign Private Issuer on Form 6-K filed with the SEC on May 27, 2026. As of the date of the event which requires the filing of this Amendment No. 6, KMBP has sole voting and dispositive power over 19,093,366 Class A Ordinary Shares, which constitute approximately 34.1% of the Class A Ordinary Shares outstanding as of March 31, 2026.
(c)	Item (c) of the Prior 13D is hereby amended by adding a new paragraph after the first paragraph as follows: "Since the filing of Amendment No. 5, up to the date of the event which requires the filing of this Amendment No. 6, KMBP sold 539,907 Class A Ordinary Shares as more fully described in Annex A." ANNEX A Transactions in Class A Ordinary Shares since the filing of Amendment No. 5 The table below sets forth transactions in Class A Ordinary Shares of the Issuer since the filing of Amendment No. 5. Each of the transactions set forth below is an open market sales transaction on NASDAQ. Trade Date Shares Sold Price Per Share(1) 4/24/2026 600 $1.507(2) 7/13/2026 24,244 $0.871(3) 7/14/2026 13,200 $0.876(4) 7/15/2026 4,100 $0.854(5) 8/10/2026 1,000 $0.856(6) 8/28/2026 38,000 $0.691(7) 9/02/2026 51,800 $0.640(8) 9/03/2026 65,300 $0.620(9) 9/04/2026 96,720 $0.586(10) 9/08/2026 244,943 $0.499(11) Total Shares Sold 539,907 (1) The prices reported in this column represent the weighted average price for each trade date. The Reporting Person undertakes to provide to the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price. (2) These shares were sold in multiple transactions at prices ranging from $1.50 to $1.53, inclusive. (3) These shares were sold in multiple transactions at prices ranging from $0.85 to $0.93, inclusive. (4) These shares were sold in multiple transactions at prices ranging from $0.85 to $0.89, inclusive. (5) These shares were sold in multiple transactions at prices ranging from $0.85 to $0.89, inclusive. (6) These shares were sold in multiple transactions at prices ranging from $0.85 to $0.87, inclusive. (7) These shares were sold in multiple transactions at prices ranging from $0.65 to $0.73, inclusive. (8) These shares were sold in multiple transactions at prices ranging from $0.63 to $0.69, inclusive. (9) These shares were sold in multiple transactions at prices ranging from $0.59 to $0.69, inclusive. (10) These shares were sold in multiple transactions at prices ranging from $0.57 to $0.63, inclusive. (11) These shares were sold in multiple transactions at prices ranging from $0.44 to $0.59, inclusive.

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.

KMBP Holdings Limited

Signature:	/s/ Bai Wei
Name/Title:	Bai Wei, Director
Date:	09/10/2026