• Masterworks 149 plans to reorganize around May 31, 2026, rolling up into a Delaware series LLC structure.
• Investors will swap shares in the current entity for shares in a newly formed series with the same assets and ownership.
• The series is expected to keep the same obligations, board of managers, capitalization, and share ownership as the current structure.
• No investor costs are expected from the transaction, with no anticipated tax impact or material effect on secondary trading.

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 149 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: 0001493152-26-026000), on May 29, 2026, and is solely responsible for the information contained therein.