• Masterworks 120 plans to reorganize on or around May 31, 2026, rolling up into a Delaware series LLC structure.
• Assets, rights, and obligations will transfer into a distinct series within the new structure.
• Investors will exchange shares in the current entity for shares in a newly formed series with the same assets and ownership.
• Masterworks expects no material change to shareholder rights, investment terms, or investment value.
• No investor costs expected; no anticipated tax impact or material disruption to the secondary trading market.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Masterworks 120 LLC published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-025971), on May 29, 2026, and is solely responsible for the information contained therein.