X0202 SCHEDULE 13G/A 0002061858 XXXXXXXX LIVE 3 Class A ordinary shares 03/31/2026 0001866364 Webull Corp G9572D103 200 CARILLON PARKWAY ST. PETERSBURG FL 33716 Rule 13d-1(d) Wang Anquan b F4 96796752.00 0.00 87105285.00 0.00 96796752.00 18.2 IN The reported amount includes (i) 200,000 Class A ordinary shares, (ii) 2,291,664 Class A ordinary shares held of record by Webull Partners Limited, (iii) 83,859,005 Class A ordinary shares issuable upon conversion of an equivalent number of Class B ordinary shares, (iv) 754,616 Class A ordinary shares issuable upon conversion of an equivalent number of Class B ordinary shares, which are issuable upon the settlement of 754,616 restricted share units that have vested and are scheduled to vest within 60 days of March 31, 2026, and (v) 9,691,467 Class A ordinary shares subject to the Proxy Agreement (as defined in Item 4 of this Schedule 13G). The percent of class is based on 447,959,660 outstanding Class A ordinary shares, as reported in the issuer's prospectus dated April 27, 2026, filed as part of Post-Effective Amendment No.2 on Form F-3 to Form F-1 filed with the SEC on April 16, 2026, as increased by (i) 83,859,005 Class A ordinary shares issuable upon conversion of 83,859,005 Class B ordinary shares beneficially owned by the Reporting Person and (ii) 754,616 Class A ordinary shares issuable upon conversion of an equivalent number of Class B ordinary shares, which are issuable upon the settlement of 754,616 restricted share units that have vested and are scheduled to vest within 60 days of March 31, 2026. Webull Corp 200 CARILLON PARKWAY, ST. PETERSBURG, FLORIDA, 33716. Wang Anquan Building 4, Fund Town, 188 Binjiang Road, Yuelu District, Changsha, Hunan, People's Republic of China People's Republic of China N The information required by this item with respect to the Reporting Person is set forth in Rows 5 through 9 and 11 of the cover page to this Schedule 13G. The reported securities are directly held and beneficially owned as follows: (i) 200,000 Class A ordinary shares are held of record by Water Castle Az Inc., whose voting power is fully retained by Pozijie Inc., which is wholly-owned by the Reporting Person; (ii) 2,291,664 Class A ordinary shares are held of record by Webull Partners Limited, which is managed by a trust (the "Trust") for the benefit of certain employees, directors and officers of the issuer. The Reporting Person is the sole member of the advisory committee of the Trust; (iii) 83,859,005 Class B ordinary shares are held of record by Water Castle Az Inc.; (iv) 754,616 Class A ordinary shares issuable upon conversion of an equivalent number of Class B ordinary shares, which are issuable upon the settlement of 754,616 restricted share units granted to Water Castle Az Inc. that have vested and are scheduled to vest within 60 days of March 31, 2026; and (v) The Reporting Person has voting control of 9,691,467 Class A ordinary shares subject to a proxy agreement, dated August 15, 2025, by and between the Reporting Person and certain shareholders of the issuer (the "Proxy Agreement"), which agreement provides the Reporting Person with voting rights for a portion of the covered shares in an amount for which the acquisition of voting rights (and beneficial ownership) would not exceed the two percent limitation set forth in Section 13(d)(6)(B) of the Exchange Act of 1934, as amended during any twelve-month period (calculated together with any other acquisitions of Class A ordinary shares by the Reporting Person during such period). The filing of this Statement shall not be deemed an admission by the Reporting Person of beneficial ownership of any of the reported securities for purposes of Section 13(d) or Section 13(g) or for any other purpose. 18.2% Row 5 of the Reporting Person's cover page to this Schedule 13G sets forth the sole power to vote or to direct the vote of securities of the issuer beneficially owned by such Reporting Person as of the filing date of this Schedule 13G and is incorporated by reference. Row 6 of the Reporting Person's cover page to this Schedule 13G sets forth the shared power to vote or to direct the vote of securities of the issuer beneficially owned by such Reporting Person as of the filing date of this Schedule 13G and is incorporated by reference. Row 7 of the Reporting Person's cover page to this Schedule 13G sets forth the sole power to dispose or to direct the disposition of securities of the issuer beneficially owned by such Reporting Person as of the filing date of this Schedule 13G and is incorporated by reference. Row 8 of the Reporting Person's cover page to this Schedule 13G sets forth the shared power to dispose or to direct the disposition of securities of the issuer beneficially owned by such Reporting Person as of the filing date of this Schedule 13G and is incorporated by reference. Y Y Y Y Y Wang Anquan /s/ Wang Anquan 04/28/2026