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RAND CAPITAL CORP

For the period ended Dec 31, 2025. Filed Mar 5, 2026.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 5, 2026

RAND$9.85+0.7%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Item 16. Form 10-K Summary

None

Signatures

Pursuant to the requirements of Section 13 or 15(d) of Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: March 5, 2026RAND CAPITAL CORPORATION
By:/s/ Daniel P. Penberthy
Daniel P. Penberthy, Chief Executive Officer and President

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Corporation in the capacities and on the dates indicated.

Signature/Title

(i) Principal Executive Officer:

/s/ Daniel P. Penberthy
Daniel P. Penberthy / Chief Executive Office and PresidentMarch 5, 2026

(ii) Principal Accounting & Financial Officer:

/s/ Margaret W. Brechtel
Margaret W. Brechtel / Executive Vice President, ChiefMarch 5, 2026
Financial Officer and Treasurer

(iii) Directors:

/s/ Benjamin E. Godley
Benjamin E. Godley/ DirectorMarch 5, 2026
/s/ Adam S. Gusky
Adam S. Gusky / DirectorMarch 5, 2026
/s/ Cari L. Jaroslawsky
Cari L. Jaroslawsky / DirectorMarch 5, 2026
/s/ Erland E. Kailbourne
Erland E. Kailbourne / DirectorMarch 5, 2026
/s/ Robert M. Zak
Robert M. Zak / DirectorMarch 5, 2026
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.