Initial Statement of Beneficial Ownership - LGHL

This filing reports the initial beneficial ownership of Yan Zhang, Director (Class I) & President of Lion Group Holding Ltd (LGHL). Zhang Yan directly owns 4,500,000 Class B ordinary shares following the transaction. The filing also notes that there are no derivative securities beneficially owned directly or indirectly. The report was filed on April 2, 2026, for the period ending March 18, 2026.