Divisadero reports 30.86M shares (6.1%) in SGHC

Super Group (SGHC) Limited ownership disclosure: Divisadero Street Capital Management, LP, William Zolezzi and Divisadero Street Capital, LLC each report 30,863,071 ordinary shares, representing 6.1% of the class.

Rhea-AI Filing Summary

Super Group (SGHC) Limited ownership disclosure: Divisadero Street Capital Management, LP, William Zolezzi and Divisadero Street Capital, LLC each report 30,863,071 ordinary shares, representing 6.1% of the class. The filing states these shares are held with shared voting and dispositive power.

The report notes the securities are directly owned by advisory clients of Divisadero Street Capital Management, LP and includes a joint filing agreement and control-person exhibit.

Insights

Institutional Ownership Analyst

Passive 13G stake filing showing shared control of 30,863,071 shares (6.1%).

The filing lists 30,863,071 ordinary shares and 6.1% ownership for each reporting person, with shared voting and dispositive power. The stated ownership is attributed to advisory clients rather than a single beneficial owner.

Impact is routine: this is a passive ownership disclosure under Schedule 13G. Subsequent SEC filings or amendments may show changes in percent ownership or voting arrangements.

Corporate Governance Specialist

Filing emphasizes shared voting/dispositive power and a disclaimer of direct beneficial ownership.

Signatures include William Zolezzi and the manager role for Divisadero entities, and the report contains a disclaimer that reporting persons disclaim beneficial ownership beyond pecuniary interest.

This structure is common when assets are held for advisory clients; watch for any future amendments that change classification or control statements.

Key Figures

Shares reported: 30,863,071 shares Percent of class: 6.1% CUSIP: G8588X103 +1 more

4 metrics

Shares reported 30,863,071 shares Amount beneficially owned by each reporting person

Percent of class 6.1% Percent of ordinary shares reported for each reporting person

CUSIP G8588X103 Identifier for Super Group ordinary shares

Securities power 30,863,071 shared voting power Shared voting power listed in Item 4

Key Terms

Schedule 13G, Shared dispositive power, Beneficially owned

3 terms

Schedule 13G regulatory

"Item 1. (a) Name of issuer: Super Group (SGHC) Limited"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Shared dispositive power financial

"Item 4. (c)(iv) Shared power to dispose or to direct the disposition of: 30,863,071"

Beneficially owned financial

"Item 4. (a) Amount beneficially owned: 30,863,071"

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.

FAQ

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

What stake does Divisadero Street report in Super Group (SGHC)?

Divisadero Street reports 30,863,071 shares, equal to 6.1% of Super Group's ordinary shares. The filing attributes these shares to advisory clients and shows shared voting and dispositive power across the reporting persons.

Who are the reporting persons on this Schedule 13G for SGHC?

The reporting persons are Divisadero Street Capital Management, LP, Divisadero Street Capital, LLC, and William Zolezzi. All three list identical share counts and citizenship information in the filing.

Do the reporting persons claim direct beneficial ownership of the SGHC shares?

No; each reporting person includes a disclaimer stating they disclaim beneficial ownership except to the extent of pecuniary interest, and the shares are reported as owned by advisory clients.

What governance powers are reported for the 30,863,071 shares?

The filing shows 0 sole voting/dispositive power and 30,863,071 shared voting and dispositive power, indicating joint or shared control rather than sole control by any single reporting person.

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

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Accepted by SEC EDGAR 05/15/2026 - 11:38 AM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Super Group (SGHC) Limited

(Name of Issuer)

Ordinary Shares, no par value

(Title of Class of Securities)

G8588X103

(CUSIP Number)

01/13/2026

(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): G8588X103

1

Names of Reporting Persons

Divisadero Street Capital Management, LP

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 30,863,071.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 30,863,071.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

30,863,071.00

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)

6.1 %

12

Type of Reporting Person (See Instructions)

IA, PN

SCHEDULE 13G

CUSIP Number(s): G8588X103

1

Names of Reporting Persons

William Zolezzi

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 30,863,071.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 30,863,071.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

30,863,071.00

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)

6.1 %

12

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

CUSIP Number(s): G8588X103

1

Names of Reporting Persons

Divisadero Street Capital, 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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 30,863,071.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 30,863,071.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

30,863,071.00

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)

6.1 %

12

Type of Reporting Person (See Instructions)

HC, OO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Super Group (SGHC) Limited
(b)	Address of issuer's principal executive offices: Kingsway House, Havilland Street, St. Peter Port, Guernsey, GY1 2QE
Item 2.
(a)	Name of person filing: Divisadero Street Capital Management, LP William Zolezzi Divisadero Street Capital, LLC
(b)	Address or principal business office or, if none, residence: Divisadero Street Capital Management, LP 3480 Main Highway, Suite 204 Miami, FL 33133 William Zolezzi c/o Divisadero Street Capital Management, LP 3480 Main Highway, Suite 204 Miami, FL 33133 Divisadero Street Capital, LLC 3480 Main Highway, Suite 204 Miami, FL 33133
(c)	Citizenship: Divisadero Street Capital Management, LP - Delaware William Zolezzi - United States Divisadero Street Capital, LLC - Delaware
(d)	Title of class of securities: Ordinary Shares, no par value
(e)	CUSIP Number(s): G8588X103
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: Divisadero Street Capital Management, LP - 30,863,071 William Zolezzi - 30,863,071 Divisadero Street Capital, LLC - 30,863,071
(b)	Percent of class: Divisadero Street Capital Management, LP - 6.1% William Zolezzi - 6.1% Divisadero Street Capital, LLC - 6.1%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Divisadero Street Capital Management, LP - 0 William Zolezzi - 0 Divisadero Street Capital, LLC - 0
	(ii) Shared power to vote or to direct the vote: Divisadero Street Capital Management, LP - 30,863,071 William Zolezzi - 30,863,071 Divisadero Street Capital, LLC - 30,863,071
	(iii) Sole power to dispose or to direct the disposition of: Divisadero Street Capital Management, LP - 0 William Zolezzi - 0 Divisadero Street Capital, LLC - 0
	(iv) Shared power to dispose or to direct the disposition of: Divisadero Street Capital Management, LP - 30,863,071 William Zolezzi - 30,863,071 Divisadero Street Capital, LLC - 30,863,071
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. All of the securities reported in this Schedule 13G are directly owned by advisory clients of Divisadero Street Capital Management, LP. None of those advisory clients may be deemed to beneficially own more than 5% of the Ordinary Shares, no par value.
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.

Divisadero Street Capital Management, LP

Signature:	By: Divisadero Street Capital LLC, its general partner, By: /s/ William Zolezzi
Name/Title:	William Zolezzi / Manager
Date:	05/15/2026

William Zolezzi

Signature:	By: /s/ William Zolezzi
Name/Title:	William Zolezzi
Date:	05/15/2026

Divisadero Street Capital, LLC

Signature:	By: /s/ William Zolezzi
Name/Title:	William Zolezzi / Manager
Date:	05/15/2026

Comments accompanying signature: * Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his, her or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. To the extent that "ownership of 5 percent or less of a class" was indicated in Item 5, such response only applies to the Reporting Person(s) that indicated elsewhere herein that it beneficially owns five percent (5%) or less of the class.

Exhibit Information

Exhibit A - Joint Filing Agreement Exhibit B - Control Person Identification