SCHEDULE 13G/A 0001140361-25-016928 0001279891 XXXXXXXX LIVE 1 Class A common stock, par value $0.0001 per share 09/30/2025 0001820875 CXApp Inc. 23248B109 Four Palo Alto Square, Suite 200 3000 El Camino Real Palo Alto CA 94306 Rule 13d-1(b) WOLVERINE ASSET MANAGEMENT LLC IL 0 1035828 0 1035828 1035828 N 4.42 IA Wolverine Trading Partners, Inc. IL 0 1042043 0 1042043 1042043 N 4.44 CO HC Wolverine Holdings, L.P. IL 0 1042043 0 1042043 1042043 N 4.44 HC Christopher L. Gust IL 0 1042043 0 1042043 1042043 N 4.44 IN HC Robert R. Bellick IL 0 1042043 0 1042043 1042043 N 4.44 IN HC CXApp Inc. Four Palo Alto Square, Suite 200, 3000 El Camino Real, Palo Alto, California, 94306 Wolverine Asset Management, LLC Wolverine Holdings, L.P. Wolverine Trading Partners, Inc. Christopher L. Gust Robert R. Bellick c/o Wolverine Asset Management, LLC 175 West Jackson Boulevard, Suite 340 Chicago, IL 60604 Wolverine Asset Management, LLC - Illinois Wolverine Holdings, L.P. - Illinois Wolverine Trading Partners, Inc. - Illinois Christopher L. Gust - U.S. Citizen Robert R. Bellick - U.S. Citizen N IA HC Wolverine Asset Management, LLC ("WAM") is an investment manager and has voting and dispositive power over 1,035,828 shares of Class A common stock of the Issuer. The sole member and manager of WAM is Wolverine Holdings, L.P. ("Wolverine Holdings"). Robert R. Bellick and Christopher L. Gust may be deemed to control Wolverine Trading Partners, Inc. ("WTP"), the general partner of Wolverine Holdings. Each of Wolverine Holdings, Mr. Bellick, Mr. Gust, and WTP have voting and disposition power over 1,042,043 shares of the Issuer's Class A common stock. 4.42%. WAM may be deemed the beneficial owner of 4.42% of the Issuer's Class A common stock, and each of Wolverine Holdings, WTP, Mr. Bellick, and Mr. Gust may be deemed the beneficial owner of 4.44% of the Issuer's outstanding Class A common stock. Percentages were calculated by dividing the shares of Class A common stock deemed beneficially owned by each reporting person by 23,435,234 (the number of shares of Class A common stock outstanding as of August 12, 2025 according to the Issuer's Form 10-Q filed August 13, 2025). 0 WAM has shared power to vote or direct the vote of 1,035,828 Class A common stock shares of the Issuer, and each of Wolverine Holdings, WTP, Mr. Bellick, and Mr. Gust has shared power to vote or direct the vote of 1,042,043 outstanding shares of the Issuer's Class A common stock, in each case as set forth in Item 4(a) above. 0 WAM has shared power to dispose or direct the disposition of 1,035,828 Class A common stock of the Issuer, and each of Wolverine Holdings, WTP, Mr. Bellick, and Mr. Gust has shared power to dispose or direct the disposition of 1,042,043 shares of the Issuer's Class A common stock, in each case, as set forth in Item 4(a) above. N Y Y Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. WOLVERINE ASSET MANAGEMENT LLC /s/ Kenneth L. Nadel 10/07/2025 Wolverine Trading Partners, Inc. /s/ Christopher L. Gust 10/07/2025 Wolverine Holdings, L.P. /s/ Christopher L. Gust 10/07/2025 Christopher L. Gust /s/ Christopher L. Gust 10/07/2025 Robert R. Bellick /s/ Robert R. Bellick 10/07/2025