Masterworks 040 to roll into Delaware series LLC structure under Masterworks plan

MASTERWORKS 040 LLC

MXOFS

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Masterworks 040 plans to reorganize on or around May 31, 2026, rolling the company into a Delaware series LLC structure.
Assets, rights, liabilities will move into a distinct series; investors will hold shares in the new series instead of the current entity.
Masterworks expects no material change to shareholder rights, investment terms, or value; no investor costs are anticipated.
No tax impact is expected for investors; no material effect is anticipated for 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 040 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: 0001493152-26-025806), on May 29, 2026, and is solely responsible for the information contained therein.

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