SCHEDULE 13G/A 0002055575 XXXXXXXX LIVE 2 Common Stock 12/31/2025 0002040127 Karman Holdings Inc. 485924104 5351 Argosy Avenue Huntington Beach CA 92649 Rule 13d-1(d) KHIS Custodian LP DE 0 3942428 0 3942428 3942428 N 3.0 PN Rows 6, 8 and 9: On July 25, 2025, TCFIII Spaceco SPV LP ("Spaceco") sold in a registered underwritten offering or distributed in-kind to Trive Capital Fund III LP ("Trive Fund III") and Trive Capital Fund III-A ("Trive Fund III-A") all common shares (the "Common Shares") of Karman Holdings Inc. (the "Issuer") held by that entity. Trive Fund III and Trive Fund III-A each then effected a distribution in-kind of such Common Shares to its partners (each a "Trive LP"). Following that sale and distribution in-kind, none of Spaceco, Trive Fund III and Trive Fund III-A has any pecuniary interest in any Common Shares. Certain Trive LPs requested that Spaceco continue to manage Common Shares of the Issuer following the distributions in-kind. Additionally, certain Trive LPs did not establish their own accounts and/or transfer the distributed Common Shares to those accounts prior to September 30, 2025. As a result, KHIS Custodian LP (formerly known as Spaceco) ("KHIS Custodian") may be deemed to continue to have voting and dispositive power over such Common Shares. The reduction in the number of Common Shares held by KHIS Custodian since September 30, 2025 is due to certain of those Trive LPs establishing accounts and effecting the movement of Common Shares distributed as part of the distribution in-kind to those accounts subsequent to September 30, 2025. Trive Fund III and Trive Fund III-A have no interest in or control over KHIS Custodian LP and KHIS Custodian LP does not have any pecuniary interest in any shares of the Issuer. Row 11: Based on 132,322,435 shares outstanding as of October 30, 2025, as reported by the Issuer in its Form 10-Q for the quarterly period ended September 30, 2025, filed with the Securities and Exchange Commission on November 7, 2025. Karman Holdings Inc. 5351 Argosy Avenue, Huntington Beach CA 92649 KHIS Custodian LP (the "Reporting Person") The principal business office address for each of the Reporting Persons is 2021 McKinney Avenue, Suite 1200, Dallas, Texas, 75201 For each of the Reporting Persons: Delaware Y 3,942,428 shares of Common Stock. On July 25, 2025, TCFIII Spaceco SPV LP ("Spaceco") sold in a registered underwritten offering or distributed in-kind to Trive Fund III and Trive Fund III-A all common shares (the "Common Shares") of the Issuer held by that entity. Trive Fund III and Trive Fund III-A each then effected a distribution in-kind of such Common Shares to its partners (each a "Trive LP"). Following that sale and distribution in-kind, none of Spaceco, Trive Fund III and Trive Fund III-A has any pecuniary interest in any Common Shares. Certain Trive LPs requested that Spaceco continue to manage Common Shares of the Issuer following the distributions in-kind. Additionally, certain Trive LPs did not establish their own accounts and/or transfer the distributed Common Shares to those accounts prior to September 30, 2025. As a result, KHIS Custodian LP (formerly known as Spaceco) may be deemed to continue to have voting and dispositive power over such Common Shares. The reduction in the number of Common Shares held by KHIS Custodian since September 30, 2025 is due to certain of those Trive LPs establishing accounts and effecting the movement of Common Shares distributed as part of the distribution in-kind to those accounts subsequent to September 30, 2025. Trive Fund III and Trive Fund III-A have no interest in or control over KHIS Custodian LP and KHIS Custodian LP does not have any pecuniary interest in any shares of the Issuer. KHIS Custodian GP LLC is the general partner of KHIS Custodian LP. Trive Capital Holdings LLC ("Trive Holdings") is the sole managing member of KHIS Custodian GP LLC and has voting control over KHIS Custodian GP LLC. Each of Messrs. Conner Searcy and Christopher Zugaro, as a manager of Trive Holdings, has voting control over Trive Holdings. As a result of the foregoing, each of Mr. Searcy, Mr. Zugaro, Trive Holdings, and KHIS Custodian GP LLC may be deemed to have beneficial ownership (as determined under Section 13(d) of the Exchange Act) of the securities over which KHIS Custodian LP has beneficial ownership. Each of Trive Holdings and Messrs. Searcy and Zugaro disclaims beneficial ownership of any shares of Common Stock beneficially owned by KHIS Custodian LP. 3.0%. Based on 132,322,435 shares outstanding as of October 30, 2025, as reported by the Issuer in its Form 10-Q for the quarterly period ended September 30, 2025, filed with the Securities and Exchange Commission on November 7, 2025. 0 3,942,428 0 3,942,428 N Y Y Y Y Y Y KHIS Custodian LP By: KHIS Custodian GP LLC, its general partner and and Trive Capital Holdings LLC, its managing member, By: /s/ Conner Searcy 02/17/2026