3 of $0.01 per share (PCYO)

Filing Manager: Maran Capital Management, LLC
Reporting Manager: Daniel J. Roller
Security: Pure Cycle Corporation Common Stock, par value 1/3 of $0.01 per share
Symbol: PCYO
Shares outstanding: 24,160,905 shares
Disclosed Ownership: 3,551,653 shares
Ownership: 15%
Form type: SCHEDULE 13D/A
Filing time: 16 Jan 2026, 16:01:38 UTC
Date of event: 14 Jan 2026
Previous filing: 19 Nov 2025
SEC: View on sec.gov

Reporting Managers (9)

Name	Ownership	Shares Owned	sole voting power	shared voting power	Signature	Title	CIK
Maran Capital Management, LLC	15%	3,549,000	0	3,549,000	Daniel J. Roller	Daniel J. Roller, Managing Member	0001829240
Maran Partners Fund, LP	1.9%	469,000	0	469,000	Daniel J. Roller	Daniel J. Roller, Managing Member of Maran Partners GP, LLC, the general partner of Maran Partners Fund, LP	0001655289
Maran Partners GP, LLC	1.9%	469,000	0	469,000	Daniel J. Roller	Daniel J. Roller, Managing Member	0001829261
Maran SPV1 LP	2%	480,000	0	480,000	Daniel J. Roller	Daniel J. Roller, Managing Member of Maran SPV GP, LLC, the general partner of Maran SPV1 LP	0002089566
Maran SPV GP, LLC	2%	480,000	0	480,000	Daniel J. Roller	Daniel J. Roller, Managing Member	0001829571
Plaisance SPV I, LLC	11%	2,600,000	0	2,600,000	Daniel J. Roller	Daniel J. Roller, Managing Member	0001791049
Daniel J. Roller	15%	3,551,653	2,653	3,549,000	Daniel J. Roller	Daniel J. Roller	0001829268
Daniel Kozlowski	1.5%	351,210	351,210	0	Daniel Kozlowski	Daniel Kozlowski	0001791057
Plaisance Capital, LLC	0%	0	0	0	Daniel Kozlowski	Daniel Kozlowski, Managing Member	0001761269