Masterworks Vault 20, LLC — Class A Ordinary Shares (issued by series)

Current

All financial statements in the source Form 1-A (File No. 024-12748) are labeled UNAUDITED; no auditor's opinion is expressed on any period, so this disclosure does not on its own satisfy the audited-financials predicate typically required for a state securities-manual exemption. Financial statements presented cover the fiscal year ended December 31, 2025. 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 20, LLC

Security

Class A Ordinary Shares (issued by series) (Class A Ordinary Shares, no par value, issued on a per-series basis (15 series presented))

CIK

None

Exemption relied on

Reg A

State of incorporation

Delaware

Transfer agent

Not disclosed

GUARDD publication date

2026-08-01

Last verified date

2026-08-01

Next annual financials due

2027-03-31

Machine-readable copy

/disclosures/masterworks-vault-20-llc/class-a-ordinary-shares.json

Issuer name and address

Legal name

Masterworks Vault 20, LLC

Address

1 World Trade Center, 57th Floor, New York, NY 10007, USA

State of incorporation

Delaware

Business description

Masterworks Vault 20, 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. 15 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 $62,718,709 at December 31, 2025, and at the individual series level. EIN 33-2104652. Commission File No. 024-12748. 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

Transfer agent, auditor, and legal counsel

Transfer agent

Not disclosed

Auditor

Not disclosed

Legal counsel

Not disclosed

Capital structure

Holders of record

Number of holders of record

Not disclosed

As of

Not disclosed

Financial statements

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

Regulatory currency