Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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- Peter Lynch
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13G
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UNDER THE SECURITIES EXCHANGE ACT OF 1934
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Webull Corporation (Name of Issuer) |
Class A ordinary shares (Title of Class of Securities) |
G9572D103 (CUSIP Number) |
06/30/2025 (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)
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| Rule 13d-1(c)
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 Rule 13d-1(d)
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SCHEDULE 13G
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| CUSIP No. | G9572D103 |
| 1 | Names of Reporting Persons
Jun Yuan | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
CHINA
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
29,758,301.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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| 11 | Percent of class represented by amount in row (9)
7.4 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IN |
Comment for Type of Reporting Person: The reported amount includes 29,758,301 Webull Class A ordinary shares (the "Webull Class A Ordinary Shares") held of record by NotNull Inc. The percent of class is based on 401,758,855 Webull Class A Ordinary Shares, as reported in the issuer's final prospectus, dated July 22, 2025 and filed pursuant to Rule 424(b)(3) (Registration No. 333-288787) with the U.S. Securities and Exchange Commission on July 23, 2025. Explanatory Note: This Schedule 13G is being filed late due to delays in obtaining EDGAR filing codes. The reporting person submitted an application for EDGAR access codes on August 7, 2025, but the codes were not received by the August 14 deadline. As such, this Schedule 13G is being filed promptly upon receipt of the EDGAR filing codes.
SCHEDULE 13G
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| Item 1. | ||
| (a) | Name of issuer:
Webull Corporation | |
| (b) | Address of issuer's principal executive offices:
200 Carillon Parkway, St. Petersburg, Florida 33716 | |
| Item 2. | ||
| (a) | Name of person filing:
Jun Yuan | |
| (b) | Address or principal business office or, if none, residence:
Apt 203, Block 9, Section 2, Fenglin Lvzhou, Guanshaling, Yuelu District, Changsha, Hunan, China | |
| (c) | Citizenship:
People's Republic of China | |
| (d) | Title of class of securities:
Class A ordinary shares | |
| (e) | CUSIP No.:
G9572D103 | |
| 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);
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| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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| (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);
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| (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).
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| Item 4. | Ownership | |
| (a) | Amount beneficially owned:
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. As reported herein, 29,758,301 Webull Class A Ordinary Shares are held of record by NotNull Inc., whose voting power is fully retained by ToString Inc. ToString Inc. is wholly-owned by Mr. Jun Yuan. Accordingly, Mr. Jun Yuan has voting and investment discretion with respect to, and may be deemed to beneficially own, the Webull Class A Ordinary Shares held of record by NotNull Inc. | |
| (b) | Percent of class:
7.4% %
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| (c) | Number of shares as to which the person has:
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| (i) Sole power to vote or to direct the vote:
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. | ||
| (ii) Shared power to vote or to direct the vote:
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. | ||
| (iii) Sole power to dispose or to direct the disposition of:
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. | ||
| (iv) Shared power to dispose or to direct the disposition of:
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. | ||
| Item 5. | Ownership of 5 Percent or Less of a Class. | |
| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. | |
Not Applicable
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| 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
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| Item 8. | Identification and Classification of Members of the Group. | |
Not Applicable
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| Item 9. | Notice of Dissolution of Group. | |
Not Applicable
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| Item 10. | Certifications: |
Not Applicable
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| 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.
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