Sec Form 3 Filing - Lee Ho Joon @ Captivision Inc. - 2026-03-18

FORM 3 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Lee Ho Joon 2. Issuer Name and Ticker or Trading Symbol Captivision Inc. [ CAPT] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) C/O CAPTIVISION INC. 298-42 CHUNG-BUK, CHUNGANG-RO CHUNG-BUK 3. Date of Earliest Transaction (MM/DD/YY) 03/18/2026 (Street) PYEONG-TAEK, GYOUNGGI17800 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price ORDINARY SHARES 42,213 D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares OPTION TO PURCHASE ( 1 ) $ 4.84 03/20/2024 03/29/2027 ORDINARY SHARES 32,032 D RESTRICTED STOCK RIGHT ( 2 ) ( 3 ) ( 3 ) ( 3 ) ORDINARY SHARES 666,666.67 D RESTRICTED STOCK RIGHT ( 2 ) ( 4 ) ( 4 ) ( 4 ) ORDINARY SHARES 666,666.67 D RESTRICTED STOCK RIGHT ( 2 ) ( 5 ) ( 5 ) ( 5 ) ORDINARY SHARES 666,666.67 D FOUNDER WARRANTS $ 11.5 11/15/2023 11/15/2028 ORDINARY SHARES 711,747 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Lee Ho Joon C/O CAPTIVISION INC. 298-42 CHUNG-BUK CHUNGANG-RO CHUNG-BUK PYEONG-TAEK, GYOUNGGI17800 X Signatures /s/ Ho Joon Lee 03/26/2026 Signature of Reporting Person Date

Explanation of Responses:

( 1 )In connection with the Issuer's business combination, the Reporting Person's stock options in Captivision Korea Inc. were converted into vested options to acquire 32,032 Ordinary Shares of the Issuer. ( 2 )Each restricted stock right ("RSR") represents a contingent right to receive an equal number of Ordinary Shares upon vesting. ( 3 )666,666.67 RSRs were granted to the Reporting Person on March 2, 2023. The RSRs will vest and be settled if, from November 15, 2023 to November 15, 2026 (the "Earnout Period"), the daily volume weighted average price ("VWAP") of the Ordinary Shares is greater than or equal to $12.00 for any twenty trading days within any thirty consecutive trading period. ( 4 )666,666.67 RSRs were granted to the Reporting Person on March 2, 2023. The RSRs will vest and be settled if, during the Earnout Period, the daily VWAP of the Ordinary Shares is greater than or equal to $14.00 for any twenty trading days within any thirty consecutive trading day period. ( 5 )666,666.67 RSRs were granted to the Reporting Person on March 2, 2023. The RSRs will vest and be settled if, during the Earnout Period, the daily VWAP of the Ordinary Shares is greater than or equal to $16.00 for any twenty trading days within any thirty consecutive trading day period

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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