X0202 SCHEDULE 13D/A 0001838395 XXXXXXXX LIVE 1 Common Shares, $0.01 par value 05/06/2026 false 0001847284 74527Q101 Puerto Rico Residents Tax-Free Fund V, Inc.

250 Munoz Rivera Avenue Suite 200 San Juan PR 00918

W. Heath Hawk (770) 777-9373 GAM Tower, 2 Tabonuco St., Suite 200 Guaynabo PR 00968 0001838395 N Ocean Capital LLC WC N PR 0.00 1077198.00 0.00 1077198.00 1077198.00 N 7.9 OO Box 13 - The percentages used herein are calculated based upon 13,570,079 shares of common stock outstanding, which represents the shares outstanding as of April 6, 2026, according to the Issuer's proxy statement filed with the Securities and Exchange Commission (the "SEC") on April 21, 2026 (the "Fund Proxy"). Y William Heath Hawk WC PF N X1 0.00 1107698.00 0.00 1107698.00 1107698.00 N 8.1 IN Box 11 - Includes 1,077,198 shares of Common Stock owned by Ocean Capital LLC, which are deemed to be beneficially owned by Mr. Hawk in his capacity as managing member of Ocean Capital LLC. Box 13 - The percentages used herein are calculated based upon 13,570,079 shares of common stock outstanding as of April 6, 2026, according to the Fund Proxy. Y Brent D. Rosenthal OO N X1 0.00 0.00 0.00 0.00 0.00 N 0 IN Y Jose R. Izquierdo II OO N X1 0.00 0.00 0.00 0.00 0.00 N 0 IN Y Ethan A. Danial WC PF N X1 20003.00 91958.00 20003.00 91958.00 111961.00 N 0.8 IN Box 11 - Consisting of 91,958 shares owned by RAD Investments, LLC, which Mr. Danial, as its manager, may be deemed to beneficially own and 20,003 shares owned directly by Mr. Danial. Box 13 - The percentages used herein are calculated based upon 13,570,079 shares of common stock outstanding as of April 6, 2026, according to the Fund Proxy. Common Shares, $0.01 par value Puerto Rico Residents Tax-Free Fund V, Inc. 250 Munoz Rivera Avenue Suite 200 San Juan PR 00918 The following constitutes Amendment No. 1 ("Amendment No. 1") to the Schedule 13D filed by the undersigned with the SEC on May 4, 2026 (together, the "Schedule 13D"). This Amendment No. 1 amends the Schedule 13D as specifically set forth herein. Capitalized terms used but not defined herein have the meanings ascribed to them in the Schedule 13D. Item 4 is hereby supplemented to add the following paragraph: On May 6, 2026, Ocean Capital, Mr. Hawk and the 2026 Nominees (collectively, the "2026 Participants") filed a definitive proxy statement with the SEC in connection with their solicitation of proxies for the 2026 Annual Meeting. At the 2026 Annual Meeting, the 2026 Participants will seek stockholder approval of Ocean Capital's proposal to elect the 2026 Nominees, consisting of Ethan A. Danial and Jose R. Izquierdo II, to serve as Class III directors on the Board, until their terms expire at the Fund's 2029 annual meeting of stockholders or until their respective successors are duly elected and qualified and Brent Rosenthal to serve as a Class II director on the Board, until his term expires at the Fund's 2028 annual meeting of stockholders or until his successor is duly elected and qualified. Information about the 2026 Nominees can be found in the 2026 Participants' definitive proxy statement, which is available at no charge on the SEC's website http://www.sec.gov. The 2026 Participants are asking stockholders to vote on their BLUE proxy card "FOR ALL" the 2026 Nominees. Ocean Capital LLC /s/ William Heath Hawk 05/07/2026 William Heath Hawk /s/ William Heath Hawk 05/07/2026 Brent D. Rosenthal /s/ Brent D. Rosenthal 05/07/2026 Jose R. Izquierdo II /s/ Jose R. Izquierdo II 05/07/2026 Ethan A. Danial /s/ Ethan A. Danial 05/07/2026