SCHEDULE 13G/A 0001142872 XXXXXXXX LIVE 5 Common Stock, par value $0.001 ("Common Stock") 12/31/2025 0001998387 5C Lending Partners Corp. 0000000000 330 Madison Avenue 20th Floor New York NY 10017 Rule 13d-1(b) Liberty Mutual Holding Company Inc. MA 0 3220000 0 3220000 3220000 N 33.9 HC Liberty Mutual Insurance Company MA 0 1288000 0 1288000 1288000 Y 13.56 IC Peerless Insurance Company NH 0 644000 0 644000 644000 Y 6.78 IC Employers Insurance Company of Wausau WI 0 322000 0 322000 322000 Y 3.4 IC Safeco Insurance Company of America NH 0 322000 0 322000 322000 Y 3.4 IC Liberty Mutual Fire Insurance Company WI 0 322000 0 322000 322000 Y 3.4 IC The Ohio Casualty Insurance Company NH 0 322000 0 322000 322000 Y 3.4 IC 5C Lending Partners Corp. 330 Madison Avenue, 20th Floor, New York, New York, 10017 This statement is filed on behalf of the following persons (collectively, the "Reporting Persons"): (i) Liberty Mutual Holding Company Inc. (ii) Liberty Mutual Insurance Company (iii) Peerless Insurance Company (iv) Employers Insurance Company of Wausau (v) Liberty Mutual Fire Insurance Company (vi) The Ohio Casualty Insurance Company (vii) Safeco Insurance Company of America The Reporting Persons have entered into a Joint Filing Agreement, a copy of which was attached to the original Schedule 13G of the Reporting Persons filed November 25, 2024. The principal business office of each Reporting Person is: 175 Berkeley Street, Boston, MA 02116 (i) Liberty Mutual Holding Company Inc. - Massachusetts; (ii) Liberty Mutual Insurance Company - Massachusetts; (iii) Peerless Insurance Company - New Hampshire; (iv) Employers Insurance Company of Wausau - Wisconsin; (v) Liberty Mutual Fire Insurance Company - Wisconsin; (vi) The Ohio Casualty Insurance Company - New Hampshire; (vii) Safeco Insurance Company of America - New Hampshire N HC See the responses to Item 9 on the attached cover pages. See the responses to Item 11 of the attached cover pages. The percentages reported in Item 11 are based on 9,498,642 shares of Common Stock outstanding as of December 17, 2025, following a capital call completed by the Issuer on December 17, 2025. See the responses to Item 5 on the attached cover pages. See the responses to Item 6 on the attached cover pages. See the responses to Item 7 on the attached cover pages. See the responses to Item 8 on the attached cover pages. The shares of Common Stock reported herein are held directly by 5C Lending Partners Structured Feeder LP (the "5C Feeder") and represent the pro rata portion of shares of Common Stock held by the 5C Feeder that the Reporting Persons may be deemed to beneficially own pursuant to (i) the Amended and Restated Limited Partnership Agreement (the "LPA") of the 5C Feeder, dated December 19, 2025, entered into by Liberty Mutual Insurance Company, Peerless Insurance Company, Employers Insurance Company of Wausau, Safeco Insurance Company of America, Liberty Mutual Fire Insurance Company and The Ohio Casualty Insurance Company (collectively, the "Subsidiaries") and the General Partner of the 5C Feeder and (ii) the Note Purchase Agreement, dated December 19, 2025 (collectively with the LPA, the "5C Feeder Documents"), entered into by the Subsidiaries, the 5C Feeder, and U.S. Bank Trust Company, National Association, as collateral agent, granting the Subsidiaries certain pro rata rights with respect to the shares of Common Stock held by the 5C Feeder. Pursuant to the rights granted in the 5C Feeder Documents, the Subsidiaries may be deemed to have beneficial ownership over their respective pro rata shares of Common Stock held by the 5C Feeder as follows: (i) 1,288,000 shares of Common Stock by Liberty Mutual Insurance Company; (ii) 644,000 shares of Common Stock by Peerless Insurance Company; (iii) 322,000 shares of Common Stock by Employers Insurance Company of Wausau; (iv) 322,000 shares of Common Stock by Safeco Insurance Company of America; (v) 322,000 shares of Common Stock by Liberty Mutual Fire Insurance Company; and (vi) 322,000 shares of Common Stock by The Ohio Casualty Insurance Company. Liberty Mutual Holding Company Inc. ("LMHC") may be deemed to have beneficial ownership over the Subsidiaries' aggregate pro rata share of shares of Common Stock held directly by the 5C Feeder because each of the Subsidiaries is an indirect wholly-owned subsidiary of LMHC. LMHC disclaims beneficial ownership of these securities. Y Y N The identification and classification of each of Reporting Person is set forth in the responses to Item 12 of the attached cover pages. 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. Liberty Mutual Holding Company Inc. /s/Vlad Barbalat 01/14/2026 Liberty Mutual Insurance Company /s/Vlad Barbalat 01/14/2026 Peerless Insurance Company /s/Vlad Barbalat 01/14/2026 Employers Insurance Company of Wausau /s/Vlad Barbalat 01/14/2026 Safeco Insurance Company of America /s/Vlad Barbalat 01/14/2026 Liberty Mutual Fire Insurance Company /s/Vlad Barbalat 01/14/2026 The Ohio Casualty Insurance Company /s/Vlad Barbalat 01/14/2026