# EDGAR Filing Document

**Accession Number:** 0001956601
**File Stem:** 0001493152-26-007134
**Filing Date:** 2026-2
**Character Count:** 7355
**Document Hash:** 551b5c1b89af6340dadf6d61e97f7192
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-26-007134.hdr.sgml**: 20260217

**ACCESSION NUMBER**: 0001493152-26-007134

**CONFORMED SUBMISSION TYPE**: 253G2

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260217

**DATE AS OF CHANGE**: 20260217

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Masterworks Vault 1, LLC
- **CENTRAL INDEX KEY:** 0001956601
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-RETAIL STORES, NEC [5990]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 921162722
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 253G2
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 024-12098
- **FILM NUMBER:** 26642108

**BUSINESS ADDRESS:**
- **STREET 1:** 1 WORLD TRADE CENTER
- **STREET 2:** 57TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10007
- **BUSINESS PHONE:** 2035185172

**MAIL ADDRESS:**
- **STREET 1:** 1 WORLD TRADE CENTER
- **STREET 2:** 57TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10007

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Masterworks Series 001, LLC
- **DATE OF NAME CHANGE:** 20221130

**Filed Pursuant to Rule 253(g)(2)**

**File No. 024-12098**

**SUPPLEMENT NO. 12 DATED FEBRUARY 17, 2026**

**MASTERWORKS VAULT 1, LLC**

![](form253g2_001.jpg)

This Supplement No. 12 dated February 17, 2026 (this "Supplement"), supplements, and should be read in conjunction with, the offering circulars of Masterworks Vault 1, LLC (as amended and supplemented, each, an "Offering Circular" and, together, the "Offering Circulars"), originally filed on December 13, 2022, as amended by Amendment No. 1 filed on January 23, 2023, Amendment No. 2 filed on February 10, 2023, Amendment No. 3 filed on March 1, 2023, Amendment No. 4 filed on March 17, 2023, Amendment No. 5 filed on May 18, 2023, Post-Qualification Amendment No. 1 filed on May 25, 2023, Post-Qualification Amendment No. 2 filed on June 8, 2023, Post-Qualification Amendment No. 3 filed on June 15, 2023, Post-Qualification Amendment No. 4 filed on June 30, 2023, Post-Qualification Amendment No. 5 filed on August 1, 2023, Post-Qualification Amendment No. 6 filed on August 15, 2023, Post-Qualification Amendment No. 7 filed on October 30, 2023, Post-Qualification Amendment No. 8 filed on November 7, 2023, Post-Qualification Amendment No. 9 filed on November 20, 2023, Post-Qualification Amendment No. 10 filed on January 23, 2024, Post-Qualification Amendment No. 11 filed on March 21, 2024, Post-Qualification Amendment No. 12 filed on May 1, 2024, Post-Qualification Amendment No. 13 filed on May 30, 2024, Post-Qualification Amendment No. 14 filed on July 31, 2024, Post-Qualification Amendment No. 15 filed on August 7, 2024, Post-Qualification Amendment No. 16 filed on September 18, 2024, Post-Qualification Amendment No. 17 filed on December 17, 2024, Post-Qualification Amendment No. 18 filed on January 24, 2025, Post-Qualification Amendment No. 19 filed on February 11, 2025, Post-Qualification Amendment No. 20 filed on February 26, 2025, Post-Qualification Amendment No. 21 filed on April 11, 2025, Post-Qualification Amendment No. 22 filed on June 23, 2025, Post-Qualification Amendment No. 23 filed on July 10, 2025, Post-Qualification Amendment No. 24 filed on August 19, 2025, Post-Qualification Amendment No. 25 filed on August 29, 2025, Post-Qualification Amendment No. 26 filed on September 12, 2025, Post-Qualification Amendment No. 27 filed on October 2, 2025, Post-Qualification Amendment No. 28 filed on November 26, 2025 and Post-Qualification Amendment No. 29 filed on December 29, 2025. This Supplement should be read in conjunction with the Offering Circulars (including the disclosures incorporated by reference therein). Unless otherwise defined in this Supplement, capitalized terms used in this Supplement shall have the same meaning as set forth in the Offering Circulars. Except as set forth in this Supplement, the Offering Circulars remain unchanged.

The purpose of this Supplement is to disclose certain changes to the Offering Circulars relating to the Artwork and Artist Metrics. Particularly, the Masterworks public sale database has been updated as of December 31, 2025. Accordingly, the Sharpe Ratio, Record Price Appreciation, Median Repeat Sale Pair Appreciation and Artist Market Profile for each relevant artist listed in the "Description of Business - Artist Metrics" section of the Offering Circulars has been updated, as applicable, as shown below.

*"Sharpe Ratio"*

---

| | |
|:---|:---|
| Artist | Sharpe Ratio |
| Banksy | 1.13 |
| Ernie Barnes | N/A |
| Cecily Brown | 0.98 |
| Eliane de Kooning | N/A |
| Jacqueline Humphries | N/A |
| Alex Katz | 0.47 |
| Yayoi Kusama | 1.01 |
| Joan Mitchell | 1.12 |
| Yoshitomo Nara | 1.20 |
| Andy Warhol | 0.42 |
| Lynette Yiadom-Boakye | N/A |

---

 

*Record Price Appreciation*

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Artist | Compound<br> Annual<br> Growth Rate<br> ("CAGR") | First Record<br> Price | First Record<br> Price Date | Last Record<br> Price | Last Record<br> Price Date |
| Banksy | 54.8% | $1591 | November 18, 2003 | $25400861 | December 31, 2025 |
| Ernie Barnes | 31.6% | $1656 | October 25, 1992 | $15275000 | December 31, 2025 |
| Cecily Brown | 20.5% | $90000 | November 13, 2000 | $9810000 | December 31, 2025 |
| Elaine de Kooning | 20.4% | $360 | January 13, 1983 | $1071000 | December 31, 2025 |
| Jacqueline Humphries | 20.4% | $1870 | February 22, 1993 | $843750 | December 31, 2025 |
| Alex Katz | 12.3% | $33600 | May 9, 1984 | $4152918 | December 31, 2025 |
| Yayoi Kusama | 22.6% | $12000 | October 9, 1992 | $10496000 | December 31, 2025 |
| Joan Mitchell | 17.6% | $33600 | May 9, 1984 | $29160000 | December 31, 2025 |
| Yoshitomo Nara | 31.9% | $36000 | May 15, 2002 | $24950276 | December 31, 2025 |
| Andy Warhol | 26.5% | $10800 | May 10, 1984 | $195040000 | December 31, 2025 |
| Lynette Yiadom-Boakye | 36.0% | $83905 | October 17, 2013 | $3595571 | December 31, 2025 |

---

*Median Repeat Sale Pair Appreciation*

---

| | | | | |
|:---|:---|:---|:---|:---|
| Artist | Median Repeat<br> Sale Pair<br> Appreciation Rate | Number of<br> Repeat Sales | First Repeat<br> Sale Pair Date | Last Repeat<br> Sale Pair Date |
| Banksy | 14.0 | 34 | February 7, 2007 | November 19, 2025 |
| Ernie Barnes | N/A | N/A | N/A | N/A |
| Cecily Brown | 15.0% | 41 | November 14, 2000 | November 19, 2025 |
| Elaine de Kooning | N/A | N/A | N/A | N/A |
| Jacqueline Humphries | N/A | N/A | N/A | N/A |
| Alex Katz | 7.4% | 45 | October 10, 1996 | November 20, 2025 |
| Yayoi Kusama | 20.1% | 203 | March 11, 1998 | November 21, 2025 |
| Joan Mitchell | 14.9% | 57 | May 7, 1997 | November 20, 2025 |
| Yoshitomo Nara | 17.5% | 83 | September 23, 2003 | September 28, 2025 |
| Andy Warhol | 7.1% | 394 | February 22, 1996 | November 21, 2025 |
| Lynette Yiadom-Boakye | N/A | N/A | N/A | N/A |

---

*Artist Market Profiles*

---

| | |
|:---|:---|
| Artist | Artist Market Profiles |
| Banksy | Established |
| Ernie Barnes | Mature |
| Cecily Brown | Established |
| Elaine de Kooning | Emerging |
| Jacqueline Humphries | Speculative |
| Alex Katz | Established |
| Yayoi Kusama | Mature |
| Joan Mitchell | Mature |
| Yoshitomo Nara | Mature |
| Andy Warhol | Mature |
| Lynette Yiadom-Boakye | Emerging |

---