SCHEDULE 13G

CUSIP No.

Names of Reporting Persons

Wang Anquan

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

CHINA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 97,916,398.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 87,855,555.00
8	Shared Dispositive Power 0.00

Aggregate Amount Beneficially Owned by Each Reporting Person

97,916,398.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

18.1 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person: The reported amount includes (i) 25,200,000 Class A ordinary shares, (ii) 2,136,394 Class A ordinary shares held of record by Webull Partners Limited, (iii) 58,859,005 Class A ordinary shares issuable upon conversion of an equivalent number of Class B ordinary shares, (iv) 1,660,156 Class A ordinary shares issuable upon conversion of an equivalent number of Class B ordinary shares, which are issuable upon the settlement of 1,660,156 restricted share units that have vested and are scheduled to vest within 60 days of September 30, 2026, and (v) 10,060,843 Class A ordinary shares subject to the Proxy Agreement (as defined in Item 4 of this Schedule 13G). The percent of class is based on 456,696,690 Class A ordinary shares outstanding as of September 25, 2026, as reported in the issuer's Proxy Statement furnished as Exhibit 99.1 to its Report on Form 6-K furnished to the SEC on October 1, 2026, as increased by (i) 25,000,000 Class A ordinary shares issued pursuant to the conversion of an equal number of Class B ordinary shares by the Reporting Person on September 30, 2026 (the "Conversion"), (ii) 58,859,005 Class A ordinary shares issuable upon conversion of 58,859,005 Class B ordinary shares beneficially owned by the Reporting Person following the Conversion, and (iii) 1,660,156 Class A ordinary shares issuable upon conversion of an equivalent number of Class B ordinary shares, which are issuable upon the settlement of 1,660,156 restricted share units that have vested and are scheduled to vest within 60 days of September 30, 2026.

SCHEDULE 13G

Item 1.

(a)

Name of issuer:

Webull Corp

(b)

Address of issuer's principal executive offices:

200 CARILLON PARKWAY, ST. PETERSBURG, FLORIDA, 33716

Item 2.

(a)

Name of person filing:

Wang Anquan

(b)

Address or principal business office or, if none, residence:

200 Carillon Parkway, St. Petersburg, Florida 33716

(c)

Citizenship:

People's Republic of China

(d)

Title of class of securities:

Class A ordinary shares

(e)

CUSIP No.:

Item 4.

Ownership

(a)

Amount beneficially owned:

The information required by this item with respect to the Reporting Person is set forth in Rows 5 through 9 and 11 of the cover page to this Schedule 13G. The reported securities are directly held and beneficially owned as follows: (i) 25,200,000 Class A ordinary shares are held of record by Water Castle Az Inc., whose voting power is fully retained by Pozijie Inc., which is wholly-owned by the Reporting Person; (ii) 2,136,394 Class A ordinary shares are held of record by Webull Partners Limited, which is managed by a trust (the "Trust") for the benefit of certain employees, directors and officers of the issuer. The Reporting Person is the sole member of the advisory committee of the Trust; (iii) 58,859,005 Class B ordinary shares are held of record by Water Castle Az Inc.; (iv) 1,660,156 Class A ordinary shares issuable upon conversion of an equivalent number of Class B ordinary shares, which are issuable upon the settlement of 1,660,156 restricted share units granted to Water Castle Az Inc. that have vested and are scheduled to vest within 60 days of September 30, 2026; and (v) The Reporting Person has voting control of 10,060,843 Class A ordinary shares subject to a proxy agreement, dated August 15, 2025, by and between the Reporting Person and certain shareholders of the issuer (the "Proxy Agreement"), which agreement provides the Reporting Person with voting rights for a portion of the covered shares in an amount for which the acquisition of voting rights (and beneficial ownership) would not exceed the two percent limitation set forth in Section 13(d)(6)(B) of the Exchange Act of 1934, as amended during any twelve-month period (calculated together with any other acquisitions of Class A ordinary shares by the Reporting Person during such period). The filing of this Statement shall not be deemed an admission by the Reporting Person of beneficial ownership of any of the reported securities for purposes of Section 13(d) or Section 13(g) or for any other purpose.

(b)

Percent of class:

18.1%

(c)

Number of shares as to which the person has:

(i) Sole power to vote or to direct the vote:

Row 5 of the Reporting Person's cover page to this Schedule 13G sets forth the sole power to vote or to direct the vote of securities of the issuer beneficially owned by such Reporting Person as of the filing date of this Schedule 13G and is incorporated by reference.

(ii) Shared power to vote or to direct the vote:

Row 6 of the Reporting Person's cover page to this Schedule 13G sets forth the shared power to vote or to direct the vote of securities of the issuer beneficially owned by such Reporting Person as of the filing date of this Schedule 13G and is incorporated by reference.

(iii) Sole power to dispose or to direct the disposition of:

Row 7 of the Reporting Person's cover page to this Schedule 13G sets forth the sole power to dispose or to direct the disposition of securities of the issuer beneficially owned by such Reporting Person as of the filing date of this Schedule 13G and is incorporated by reference.

(iv) Shared power to dispose or to direct the disposition of:

Row 8 of the Reporting Person's cover page to this Schedule 13G sets forth the shared power to dispose or to direct the disposition of securities of the issuer beneficially owned by such Reporting Person as of the filing date of this Schedule 13G and is incorporated by reference.

Item 6.

Ownership of more than 5 Percent on Behalf of Another Person.

Not Applicable

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

Not Applicable

Item 8.

Identification and Classification of Members of the Group.

Not Applicable

Item 9.

Notice of Dissolution of Group.

Not Applicable

Item 10.

Certifications:

Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Wang Anquan

Signature:	/s/ Wang Anquan
Name/Title:	Wang Anquan
Date:	10/02/2026