Maran Capital Management, LLC - 17 Nov 2025 SCHEDULE 13D Report for PURE CYCLE CORPORATION Common Stock 1/3 of $.01 par value (PCYO)

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	/s/ Daniel J. Roller	Daniel J. Roller, Managing Member	0001829240
Maran Partners Fund, LP	1.9%	469,000	0	469,000	/s/ 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	/s/ Daniel J. Roller	Daniel J. Roller, Managing Member	0001829261
Maran SPV1 LP	2%	480,000	0	480,000	/s/ 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	/s/ Daniel J. Roller	Daniel J. Roller, Managing Member	0001829571
Plaisance SPV I, LLC	11%	2,600,000	0	2,600,000	/s/ Daniel J. Roller	Daniel J. Roller, Managing Member	0001791049
Daniel J. Roller	15%	3,549,000	0	3,549,000	/s/ Daniel J. Roller	Daniel J. Roller	0001829268
Daniel Kozlowski	1.4%	348,557	348,557	0	/s/ Daniel Kozlowski	Daniel Kozlowski	0001791057
Plaisance Capital, LLC	0%	0	0	0	/s/ Daniel Kozlowski	Daniel Kozlowski, Managing Member	0001761269