SEC FORM 3

SEC FORM 3SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

GARRABRANT GARY R

(Last)

(First)

(Middle)

C/O CAPTIVISION INC. 298-42 CHUNG-BUK

CHUNGANG-RO CHUNG-BUK

(Street)

PYEONG-TAEK, GYOUNGGI

REPUBLIC OF KOREA

17800

(City)

(State)

(Zip)

KOREA, REPUBLIC OF

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Captivision Inc. [ CAPT ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	CHAIRMAN AND CEO

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
ORDINARY SHARES	1,841,884⁽¹⁾	D
ORDINARY SHARES	697,760	I	SEE FOOTNOTE⁽²⁾
ORDINARY SHARES	36,073	I	SEE FOOTNOTE⁽³⁾
ORDINARY SHARES	325,726	I	SEE FOOTNOTE⁽⁴⁾

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
PRIVATE WARRANTS	11/15/2023	11/15/2028	ORDINARY SHARES	2,459,083	$11.5	D
PRIVATE WARRANTS	11/15/2023	11/15/2028	ORDINARY SHARES	30,325	$11.5	I	SEE FOOTNOTE⁽³⁾

Explanation of Responses:

1. Includes 800,000 shares of restricted stock granted to the Reporting Person on August 7, 2024, under the Issuer's 2023 Incentive Award Plan (the "Award Plan"), which vest in a series of four successive equal yearly installments upon completion of each year of service measured from November 15, 2024.

2. Represents securities held by JGG SPAC Holdings LLC ("JGG"). The Reporting Person is a managing member of JGG and may be deemed a beneficial owner of these ordinary shares of the Company. The Reporting Person disclaims beneficial ownership over these ordinary shares except to the extent of his pecuniary interest, whether direct or indirect.

3. Represents securities held by Jaguar Growth Partners Group, LLC ("JGPG"). The Reporting Person may be deemed a beneficial owner of these securities of the Company.

4. Represents securities held by Jaguar Growth Partners, LLC ("JGP"). The Reporting Person may be deemed a beneficial owner of these ordinary shares of the Company.

	/s/ Gary R. Garrabrant	03/31/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

SEC Form 3 filed by new insider Garrabrant Gary R