Masterworks Vault 11, LLC — Class A Ordinary Shares (issued by series)
Disclosure record (Layer A)
A neutral reproduction of the issuer’s own SEC filing. GUARDD makes no assessment in this layer.
Disclosure on file — interim period elapsed Balance sheet 12/31/2025 · financials through 12/31/2025 · 6-month interim window elapsed 06/30/2026
Reflects the currency of the issuer's public SEC filings. Not an assessment of the issuer and not a determination of quotation eligibility. Not legal advice.
Retrieved from SEC EDGAR. Figures are reproduced as filed and checked for internal arithmetic consistency.
Not issuer-attested. This record was built from the issuer’s SEC filing without a separate issuer attestation.
Issuer-disclosed conditions: None disclosed in the source filing
Master-level financial statements in the source Form 1-A are labeled UNAUDITED and no auditor's opinion is expressed at the master entity level; however, the underlying series were individually audited at the series level, and that series-level audit supplies the audited-financials predicate for a state securities-manual exemption. The security is accordingly treated as manual-exemption eligible, with the audited balance sheet dated December 31, 2025 at the series level. CIK is not stated in the source report. Per-series Class A share counts (authorized and outstanding), holders of record, and beneficial owners over 10% are not stated in the source report and are pending the issuer-furnished/Mergent reconciliation pass; each series is listed with authorized and outstanding shown as not stated. Arithmetic verification of the filed statements: 20 of 20 tests PASS.
- Issuer legal name
- Masterworks Vault 11, LLC
- Security
- Class A Ordinary Shares (issued by series) (Class A Ordinary Shares, no par value, issued on a per-series basis (41 series presented))
- CIK
- 0002046168
- Commission file number
- 024-12743
- Exemption relied on
- Reg A
- State of incorporation
- Delaware
- Transfer agent
- Not disclosed
- GUARDD publication date
- 2026-08-01
- Information as of
- 2026-08-01
“Last verified” is the date GUARDD last confirmed the record against the source filing. - Fiscal period on file
- FY2025
- Financials
- Unaudited
- Trading venue
- Not yet available
- GUARDD engagement
- Not enrolled — Disclosure Record only; no readiness assessment is published
- Version
- 4 · published 2026-08-13 (version history)
- Next annual financials expected
- 2027-03-31
- Machine-readable copy
- /disclosures/masterworks-vault-11-llc/class-a-ordinary-shares.json
Issuer name and address
- Legal name
- Masterworks Vault 11, LLC
- Address
- 1 World Trade Center, 57th Floor, New York, NY 10007, USA
- State of incorporation
- Delaware
Business description
Masterworks Vault 11, LLC is a Delaware series limited liability company managed by Masterworks Administrative Services, LLC, formed to facilitate restructuring transactions involving affiliated entities that hold investments in individual works of art. Each series is associated with a specific artwork and issues Class A ordinary shares under Regulation A (Tier 2) via the Masterworks platform. 41 series are presented in the SEC-qualified Form 1-A. At the Company (master) level the historical consolidated statements are nil or near-nil at year-end; economic substance is presented in the Target Issuer Financials for the affiliated entity being acquired, which held Artwork of $56,149,595 at December 31, 2025, and at the individual series level. EIN 33-2054492. Commission File No. 024-12743. Fiscal year end December 31. Website www.masterworks.com. Source filing: Form 1-A offering circular, qualified by the U.S. Securities and Exchange Commission (FY2025 and FY2024 presented, both unaudited). Eligibility for this disclosure rests on SEC qualification of the Regulation A offering, not on an audit. There is no national securities exchange listing; secondary transfers occur on the Masterworks secondary market.
Officers and directors
| Name | Title | Serving since |
|---|---|---|
| Nigel S. Glenday | Chief Executive Officer and Chief Financial Officer; Member, Board of Managers | Not disclosed |
| Joshua B. Goldstein | General Counsel and Secretary; Member, Board of Managers | Not disclosed |
| Eli D. Broverman | Member, Board of Managers (Independent) | Not disclosed |
Transfer agent, auditor, and legal counsel
- Transfer agent
- Not disclosed
- Auditor
- Not disclosed
- Legal counsel
- Not disclosed
Capital structure
| Class or series | Authorized | Outstanding |
|---|---|---|
| Series 001 — Class A Ordinary Shares | Not disclosed | Not disclosed |
| Series 1 — Class A Ordinary Shares | Not disclosed | Not disclosed |
| Series 004 — Class A Ordinary Shares | Not disclosed | Not disclosed |
| Series 4 — Class A Ordinary Shares | Not disclosed | Not disclosed |
| Series 005 — Class A Ordinary Shares | Not disclosed | Not disclosed |
| Series 5 — Class A Ordinary Shares | Not disclosed | Not disclosed |
| Series 007 — Class A Ordinary Shares | Not disclosed | Not disclosed |
| Series 7 — Class A Ordinary Shares | Not disclosed | Not disclosed |
| Series 008 — Class A Ordinary Shares | Not disclosed | Not disclosed |
| Series 8 — Class A Ordinary Shares | Not disclosed | Not disclosed |
| Series 009 — Class A Ordinary Shares | Not disclosed | Not disclosed |
| Series 9 — Class A Ordinary Shares | Not disclosed | Not disclosed |
| Series 013 — Class A Ordinary Shares | Not disclosed | Not disclosed |
| Series 13 — Class A Ordinary Shares | Not disclosed | Not disclosed |
| Series 15 — Class A Ordinary Shares | Not disclosed | Not disclosed |
| Series 015 — Class A Ordinary Shares | Not disclosed | Not disclosed |
| Series 017 — Class A Ordinary Shares | Not disclosed | Not disclosed |
| Series 17 — Class A Ordinary Shares | Not disclosed | Not disclosed |
| Series 18 — Class A Ordinary Shares | Not disclosed | Not disclosed |
| Series 018 — Class A Ordinary Shares | Not disclosed | Not disclosed |
| Series 19 — Class A Ordinary Shares | Not disclosed | Not disclosed |
| Series 019 — Class A Ordinary Shares | Not disclosed | Not disclosed |
| Series 20 — Class A Ordinary Shares | Not disclosed | Not disclosed |
| Series 020 — Class A Ordinary Shares | Not disclosed | Not disclosed |
| Series 021 — Class A Ordinary Shares | Not disclosed | Not disclosed |
| Series 21 — Class A Ordinary Shares | Not disclosed | Not disclosed |
| Series 36 — Class A Ordinary Shares | Not disclosed | Not disclosed |
| Series 036 — Class A Ordinary Shares | Not disclosed | Not disclosed |
| Series 40 — Class A Ordinary Shares | Not disclosed | Not disclosed |
| Series 040 — Class A Ordinary Shares | Not disclosed | Not disclosed |
| Series 42 — Class A Ordinary Shares | Not disclosed | Not disclosed |
| Series 042 — Class A Ordinary Shares | Not disclosed | Not disclosed |
| Series 43 — Class A Ordinary Shares | Not disclosed | Not disclosed |
| Series 043 — Class A Ordinary Shares | Not disclosed | Not disclosed |
| Series 45 — Class A Ordinary Shares | Not disclosed | Not disclosed |
| Series 045 — Class A Ordinary Shares | Not disclosed | Not disclosed |
| Series 46 — Class A Ordinary Shares | Not disclosed | Not disclosed |
| Series 046 — Class A Ordinary Shares | Not disclosed | Not disclosed |
| Series 047 — Class A Ordinary Shares | Not disclosed | Not disclosed |
| Series 47 — Class A Ordinary Shares | Not disclosed | Not disclosed |
| Series 500 — Class A Ordinary Shares | Not disclosed | Not disclosed |
Holders of record
- Number of holders of record
- Not disclosed
- As of
- Not disclosed
Issuer information
| Item | Value | As of |
|---|---|---|
| Shares / units outstanding | To be populated | 2025-12-31 |
| Authorized shares / units | To be populated | 2025-12-31 |
| Holders of record | To be populated | — |
| Par value | No par value | — |
| Principal place of business | 1 World Trade Center, 57th Floor, New York, NY 10007, USA | — |
| Transfer agent | To be populated | — |
| Trading venue | Not yet available | — |
- Nature of business
- Masterworks Vault 11, LLC is a Delaware series limited liability company managed by Masterworks Administrative Services, LLC, formed to facilitate restructuring transactions involving affiliated entities that hold investments in individual works of art. Each series is associated with a specific artwork and issues Class A ordinary shares under Regulation A (Tier 2) via the Masterworks platform. 41 series are presented in the SEC-qualified Form 1-A. At the Company (master) level the historical consolidated statements are nil or near-nil at year-end; economic substance is presented in the Target Issuer Financials for the affiliated entity being acquired, which held Artwork of $56,149,595 at December 31, 2025, and at the individual series level. EIN 33-2054492. Commission File No. 024-12743. Fiscal year end December 31. Website www.masterworks.com. Source filing: Form 1-A offering circular, qualified by the U.S. Securities and Exchange Commission (FY2025 and FY2024 presented, both unaudited). Eligibility for this disclosure rests on SEC qualification of the Regulation A offering, not on an audit. There is no national securities exchange listing; secondary transfers occur on the Masterworks secondary market.
- Financial statements presented
- 2 fiscal periods of financial information, including a balance sheet.
Financial statements
Unaudited: FY2025 — Target Issuer Financials (unaudited); FY2024 — Target Issuer Financials (unaudited); FY2025 — Issuer historical consolidated (unaudited, nil at master level); FY2024 — Issuer historical consolidated (unaudited, nil at master level)
| Line item | FY2025 — Target Issuer Financials (unaudited) FYE 2025-12-31 · Unaudited | FY2024 — Target Issuer Financials (unaudited) FYE 2024-12-31 · Unaudited | FY2025 — Issuer historical consolidated (unaudited, nil at master level) FYE 2025-12-31 · Unaudited | FY2024 — Issuer historical consolidated (unaudited, nil at master level) FYE 2024-12-31 · Unaudited |
|---|---|---|---|---|
| Revenue | USD 200 | USD 200 | USD 0 | USD 0 |
| Net income (loss) | (USD 1,064,820) | (USD 1,071,445) | USD 0 | USD 0 |
| Total assets | USD 56,152,598 | USD 56,152,398 | USD 0 | USD 0 |
| Total liabilities | USD 0 | USD 0 | USD 0 | USD 0 |
| Cash | USD 3,003 | USD 2,803 | USD 0 | USD 0 |
| Auditor | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
Issuer-disclosed conditions (per Form 1-A, 0001493152-26-021929)
None disclosed in the source filing
These conditions appear in the issuer’s own filing and are reproduced here as filed and attributed to that filing. GUARDD does not omit, soften, or delay adverse issuer disclosure, and does not add any assessment of its own. Not a legal conclusion and not legal advice.
Auditor’s report
No going-concern qualification, adverse opinion, material weakness, or restatement has been reported for the most recent audited period.
- Auditor
- Not disclosed
- Report date
- Not disclosed
- Opinion
- No auditor's opinion. The financial statements in the SEC-qualified Form 1-A are UNAUDITED; no independent accountant has expressed an opinion or any form of assurance on any period presented.
- Going-concern qualification
- No
- Adverse opinion
- No
- Material weakness
- No
- Restatement
- No
Tokenized security attributes
Displayed for every security. Where the security is not tokenized, each field is marked not applicable.
- Security is tokenized
- No
- Contract address
- Not applicable — security is not tokenized
- Network
- Not applicable — security is not tokenized
- Token standard
- Not applicable — security is not tokenized
- Role of on-chain record
- Not applicable — security is not tokenized
- Transfer restriction enforcement
- Not applicable — security is not tokenized
- Holding period
- Not applicable — security is not tokenized
- Holding period expiration date
- Not applicable — security is not tokenized
- Issuer freeze authority
- Not applicable — security is not tokenized
- Issuer burn authority
- Not applicable — security is not tokenized
- Issuer reissue authority
- Not applicable — security is not tokenized
- Smart contract audit status
- Not applicable — security is not tokenized
- Smart contract auditor
- Not applicable — security is not tokenized
- Eligible trading venues
- Not applicable — security is not tokenized
- Collateral or lending arrangement
- Not applicable — security is not tokenized
Secondary-trading readiness
This issuer has not enrolled with GUARDD for a secondary-trading readiness assessment, so no readiness assessment is published for this security. The record above is a Disclosure Record only: a neutral reproduction of the issuer’s own SEC filing.
Rule 15c2-11 is a broker-dealer obligation, not an issuer obligation. GUARDD does not assign a readiness state to an issuer that has not engaged GUARDD, or for a use case an issuer did not enroll in. See the methodology statement.
Version history
Every published version of this record is retained immutably so a broker-dealer can show what information was public on the date of a quotation. Versions are never deleted; corrections create a new version and mark the prior version superseded.
| Version | Published | Superseded | Snapshot | Content hash (SHA-256, first 16) |
|---|---|---|---|---|
| 4 | 2026-08-13 | Current version | View snapshot · JSON | fa3a7d8818b8ccba |
| 3 | 2026-08-12 | 2026-08-13 | View snapshot · JSON | e89f424fd3979dcd |
| 2 | 2026-08-12 | 2026-08-12 | View snapshot · JSON | 9250e3aae8a8c5df |
| 1 | 2026-08-01 | 2026-08-12 | View snapshot · JSON | 949f827d0f27a708 |
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