# EDGAR Filing Document

**Accession Number:** 0001843974
**File Stem:** 0001575872-25-000625
**Filing Date:** 2025-10
**Character Count:** 103621
**Document Hash:** fcf8502cdde1e02694286769baed8b42
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001575872-25-000625.hdr.sgml**: 20251017

**ACCESSION NUMBER**: 0001575872-25-000625

**CONFORMED SUBMISSION TYPE**: DEF 14A

**PUBLIC DOCUMENT COUNT**: 5

**CONFORMED PERIOD OF REPORT**: 20251017

**FILED AS OF DATE**: 20251017

**DATE AS OF CHANGE**: 20251017

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Destiny Tech100 Inc.
- **CENTRAL INDEX KEY:** 0001843974

**ORGANIZATION NAME:**
- **EIN:** 861352850
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** DEF 14A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 811-23802
- **FILM NUMBER:** 251401009

**BUSINESS ADDRESS:**
- **STREET 1:** 1401 LAVACA STREET #144
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78701
- **BUSINESS PHONE:** (415) 639-9966

**MAIL ADDRESS:**
- **STREET 1:** 1401 LAVACA STREET #144
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78701

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**SCHEDULE 14A** 

**Proxy Statement Pursuant to Section 14(a) of the** 

**Securities Exchange Act of 1934** 

**(Amendment No.)** 

Filed by the Registrant ⌧

Filed by a Party other than the Registrant ◻

Check the appropriate box:

---

| | |
|:---|:---|
| ◻ | Preliminary Proxy Statement |
| ◻ | **Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))** |
| ⌧ | Definitive Proxy Statement |
| ◻ | Definitive Additional Materials |
| ◻ | Soliciting Material under §240.14a-12 |

---

**DESTINY TECH100 INC.**

**(Name of Registrant as Specified in its Charter)** 

**(Name of Person(s) Filing Proxy Statement, if other than the Registrant)** 

Payment of Filing Fee (Check the appropriate box):

⌧ No fee required. <br> ◻ Fee paid previously with preliminary materials. <br> ◻ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11.

![](dxyz090_img01.jpg)

**Destiny Tech100 Inc.**

1401 Lavaca Street, #144

Austin, TX 78701

October 17, 2025

Dear Shareholder:

You are cordially invited to attend the annual meeting of shareholders of Destiny Tech100 Inc. (the "Company," "we" or "us") to be held on November 28, 2025 at 2:00 P.M., Eastern Time (the "Annual Meeting"). The Annual Meeting will be held virtually and conducted via live webcast. Participants must register to attend the event by emailing <u>Attendameeting@equiniti.com</u> and including "Destiny Tech100 Shareholder Meeting" in the subject line of the email.

**Your vote is important, regardless of the number of shares you own. Your immediate response will help avoid potential delays and may save the Company significant additional expenses associated with soliciting shareholder votes.** 

The attached Notice of Annual Meeting and Proxy Statement accompanying this letter provide an outline of the business to be conducted at the meeting. The Annual Meeting is being held for the following purposes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The election of the following directors of the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Mr. Charles Jacobson as a Class III member of the board of directors of the Company (the "Board")
to serve until the 2028 annual meeting of shareholders and until his successor is duly elected and qualified;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Mr. Sohail Prasad as a Class III member of the Board to serve until the 2028 annual meeting of shareholders
and until his successor is duly elected and qualified;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Mr. Nathan Rodland as a Class I member of the Board to serve until the 2026 annual meeting of shareholders
and until his successor is duly elected and qualified;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Ms. Marissa Chacko as a Class II member of the Board to serve until the 2027 annual meeting of shareholders
and until her successor is duly elected and qualified; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To consider and vote upon the ratification of the selection of KPMG LLP as the Company's independent
registered public accounting firm for the fiscal year ending December 31, 2025; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) To transact such other business as may properly come before the Annual Meeting or any postponement or
adjournment thereof.

**The Board unanimously recommends that you vote FOR each of the proposals to be considered and voted on at the Annual Meeting.** 

It is important that your shares of the Company's common stock, par value $0.00001 per share, be represented at the Annual Meeting. If you are unable to attend the Annual Meeting virtually, I urge you to request, complete, date, sign and mail the enclosed proxy card or authorize your proxy through the Internet as soon as possible even if you currently plan to attend the Annual Meeting. This will not prevent you from voting at the meeting but will assure that your vote is counted if you are unable to attend the meeting.

This Proxy Statement, the Notice of Annual Meeting of Shareholders and the accompanying proxy card are first being released to shareholders on or about October 17, 2025. In addition, a Notice of Internet Availability of Proxy Materials is being sent to shareholders on or about October 17, 2025.

Your vote and participation in the governance of the Company are very important.

Sincerely yours,

Sohail Prasad

*Chief Executive Officer, President and Director* 

**Destiny Tech100 Inc.**

**1401 Lavaca Street, #144**

**Austin, TX 78701** 

**NOTICE OF ANNUAL MEETING OF SHAREHOLDERS** 

**To Be Held On November 28, 2025**

**To the Shareholders of Destiny Tech100 Inc.:** 

NOTICE IS HEREBY GIVEN THAT the annual meeting of shareholders of Destiny Tech100 Inc., a Maryland corporation (the "Company"), will be held on November 28, 2025 at 2:00 P.M., Eastern Time (the "Annual Meeting"). The Annual Meeting will be held virtually and conducted via live webcast. You will be able to attend the Annual Meeting online and submit your questions during the meeting after registering to attend by emailing <u>Attendameeting@equiniti.com</u> with "Destiny Tech100 Shareholder Meeting" in the subject line of the email. For instructions on how to attend and vote your shares at the Annual Meeting, see the information in the accompanying proxy statement under the heading "How may I attend the meeting and vote?" and the Notice of Internet Availability of Proxy Materials.

The Annual Meeting is being held for the following purposes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The election of the following directors of the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Mr. Charles Jacobson as a Class III member of the board of directors of the Company (the "Board")
to serve until the 2028 annual meeting of shareholders and until his successor is duly elected and qualified;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Mr. Sohail Prasad as a Class III member of the Board to serve until the 2028 annual meeting of shareholders
and until his successor is duly elected and qualified;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Mr. Nathan Rodland as a Class I member of the Board to serve until the 2026 annual meeting of shareholders
and until his successor is duly elected and qualified;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Ms. Marissa Chacko as a Class II member of the Board to serve until the 2027 annual meeting of shareholders
and until her successor is duly elected and qualified; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To consider and vote upon the ratification of the selection of KPMG LLP as the Company's independent registered public accounting
firm for the fiscal year ending December 31, 2025; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) To transact such other business as may properly come before the Annual Meeting or any postponement or adjournment thereof.

The Board has fixed the close of business on October 13, 2025 as the record date for the determination of shareholders entitled to notice of, and to vote at, the Annual Meeting and adjournments or postponements thereof.

**Important notice regarding the availability of proxy materials for the Annual Meeting.**

The Company's proxy statement and the proxy card are available at <u>https://vote.proxyonline.com/Destiny/docs/proxy.pdf</u>. The Company's N-CSR filing for the fiscal year ended December 31, 2024 (the "Annual Report") is available on the Company's website (https://d.xyz/tech100).

By Order of the Board of Directors,

Ethan Silver

Secretary

October 17, 2025

**Shareholders are requested to follow the instructions on the Notice of Internet Availability of Proxy Materials to vote your proxy via the Internet or request, complete, sign, date and return a proxy card. Executing the proxy card is important to ensure a quorum at the Annual Meeting. Proxies may be revoked at any time before they are exercised by submitting a written notice of revocation or a subsequently executed proxy, or by virtually attending the Annual Meeting and voting.** 

**Destiny Tech100 Inc.**

**1401 Lavaca Street, #144** 

**Austin, TX 78701** 

**ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON NOVEMBER 28, 2025**

**PROXY STATEMENT** 

**QUESTIONS AND ANSWERS ABOUT THE ANNUAL MEETING AND VOTING** 

**Q: What is the date of the Annual Meeting and where will it be held?** 

A: The Annual Meeting (the "Annual Meeting") of shareholders of Destiny Tech100 Inc., which is sometimes referred to in this proxy statement as "we", "us", "our", or the "Company," will be held on November 28, 2025 at 2:00 P.M. Eastern Time. The Annual Meeting will be held virtually and conducted via live webcast. You will be able to attend the Annual Meeting online and submit your questions during the meeting after registering to attend by emailing <u>Attendameeting@equiniti.com</u> with "Destiny Tech100 Shareholder Meeting" in the subject line of the email.

This Proxy Statement, the Notice of Annual Meeting of Shareholders and the accompanying proxy card are first being released to shareholders on or about October 17, 2025. In addition, a Notice of Internet Availability of Proxy Materials is being sent to shareholders on or about October 17, 2025.

**Q: What will I be voting on at the Annual Meeting?** 

A: At the Annual Meeting, shareholders will be asked the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To consider and vote upon he election of the following directors of the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Mr. Charles Jacobson as a Class III member of the board of directors of the Company (the "Board")
to serve until the 2028 annual meeting of shareholders and until his successor is duly elected and qualified;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Mr. Sohail Prasad as a Class III member of the Board to serve until the 2028 annual meeting of shareholders
and until his successor is duly elected and qualified;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Mr. Nathan Rodland as a Class I member of the Board to serve until the 2026 annual meeting of shareholders
and until his successor is duly elected and qualified;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Ms. Marissa Chacko as a Class II member of the Board to serve until the 2027 annual meeting of shareholders
and until her successor is duly elected and qualified; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To consider and vote upon the ratification of the selection of KPMG LLP as the Company's independent registered public accounting
firm for the fiscal year ending December 31, 2025; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) To transact such other business as may properly come before the Annual Meeting or any postponement or adjournment thereof.

**Q: Who can vote at the Annual Meeting?** 

A: Only shareholders of record as of the close of business on October 13, 2025 (the "Record Date") are entitled to notice of, and to vote at, the Annual Meeting and any postponements or adjournments thereof.

**Q: How many votes do I have?** 

A: Shareholders are entitled to one vote for each share of the Company's common stock, par value $0.00001, per share held as of the Record Date.

**Q: How can I vote at the Annual Meeting?** 

A: **<u>By voting virtually at the Annual Meeting.</u>** The Company will be hosting the Annual Meeting live via audio webcast. Any Shareholder can attend the Annual Meeting live online after registering to attend by emailing <u>Attendameeting@equiniti.com</u> with "Destiny Tech100 Shareholder Meeting" in the subject line of the email. If you were a Shareholder as of the Record Date, or you hold a valid proxy for the Annual Meeting, you can vote at the Annual Meeting. A summary of the information you need to attend the Annual Meeting online is provided below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Instructions on how to attend and participate via the Internet are
 set forth on the Notice of Internet Availability of Proxy Materials and will be provided upon emailing <u>attendameeting@equiniti.com</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Webcast starts at 2:00 P.M., Eastern Time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· To attend and participate in the Annual Meeting, you will need to register in advance by 2:00 P.M. Eastern Time on November 26, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Shareholders may submit questions while attending the Annual Meeting via the Internet.

The Company will have technicians ready to assist you with any technical difficulties you may have accessing the virtual meeting website. If you encounter any difficulties accessing the virtual meeting website during the check-in or meeting time, please call (800) 591-8269.

**<u>By Proxy through the Mail.</u>** When voting by proxy and mailing your proxy card, you are required to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· first follow the instructions set forth on the Notice of Internet Availability of Proxy Materials and request a hard copy of the proxy card;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· indicate your instructions on the proxy card;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· date and sign the proxy card;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· mail the proxy card promptly in the envelope provided, which requires no postage if mailed in the United States; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· allow sufficient time for the proxy card to be received on or before 2:00 p.m., Eastern Time, on November 26, 2025.

**<u>By Proxy through the Internet.</u>** You may vote your shares over the Internet by following the instructions set forth on the accompanying proxy card and the Notice of Internet Availability of Proxy Materials.

**Q: Does the Board recommend voting for each of the Proposals?** 

A: Yes. The Board unanimously recommends that you vote "FOR" each proposal below.

**Q: Why does the Board recommend voting FOR the Proposal 1, the election of Charles Jacobson, Sohail Prasad, Nathan Rodland and Marissa Chacko?** 

A: Mr. Jacobson serves as Strategic Adviser to Bridger Companies; Coppermine Ventures, LLC; Tribexa, Inc.; UpDraft Solutions,Inc., and serves as a Business Development Executive at CFGI LLC, a leading accounting and business advisory firm. Mr. Jacobson also serves as a board member on the boards of Rubicon Technology Inc. and Floravista Capital. Mr. Jacobson previously served as the Chief Executive Officer and co-founder of Pine Hill Group, a premier accounting consultancy and transaction advisory firm. The Board believes Mr. Jacobson's experiences in accounting, finance and venture capital make him well qualified to serve on the Board.

Mr. Prasad is currently a member of the Board and has served in that capacity since 2022. Mr. Prasad is also our Chairman of the Board and Chief Executive Officer and is Founder, Chairman, & Chief Executive Officer of Destiny XYZ Inc., the parent company of our investment adviser, Destiny Advisors LLC ("the Adviser"). The Board believes that Mr. Prasad's deep expertise with investments, industry experience and knowledge makes him well qualified to serve on the Board.

Mr. Rodland currently serves as Chief Operating Officer at Endurance Energy Equipment Integration Co., Ltd. an energy solutions company. Mr. Rodland previously served as Chief Operating Officer at Aetherflux Inc., a U.S. energy solutions company, General Partner at Elefund LLC, a venture capital firm, and as Chief Operating Officer and Co-Founder of Robinhood Markets, Inc., a financial services company. The Board believes Mr. Rodland's vast experience in venture capital and finance makes him well qualified to serve on the Board.

Ms. Chacko currently leads product development for artificial intelligence and augmented reality wearables at Meta (Reality Labs), a technology company. Ms. Chacko previously served as a Director of Product Management at Google LLC, a technology company. The Board believes that Ms. Chacko's significant experience in major technology-focused corporations makes her well qualified to serve on the Board.

**Q: Why does the Board recommend voting FOR Proposal 2, to ratify the appointment of KPMG LLP as the Company's independent registered public accounting firm?**

A: KPMG LLP ("KPMG") has been appointed by the Board to serve as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025. The Board has submitted the selection of KPMG to shareholders for ratification as a matter of good corporate governance. Although action by the shareholders on this matter is not required, the Audit Committee and the Board believe it is appropriate to seek shareholder ratification of this selection in light of the role played by the independent registered public accounting firm in reporting on the Company's financial statements.

**GENERAL INFORMATION ABOUT THE ANNUAL MEETING**

The accompanying proxy is solicited on behalf of the Board for use at the Annual Meeting to be held on November 28, 2025 at 2:00 P.M., Eastern Time. The Annual Meeting will be held virtually and conducted via live webcast. Only holders of record of our common stock at the close of business on October 13, 2025 (the "Record Date") will be entitled to vote at the Annual Meeting. At the close of business on the Record Date, we had 14,427,988 shares of common stock, par value $0.00001 per share (the "Shares") outstanding and entitled to vote. This proxy statement, including the accompanying form of proxy (collectively, the "Proxy Statement"), containing instructions on how to access the Proxy Statement and annual N-CSR report for the fiscal year ended December 31, 2024 (the "Annual Report"), and how to submit proxies via the Internet or mail are first being sent to shareholders on or about October 17, 2025. The Proxy Statement can be accessed online at <u>https://vote.proxyonline.com/Destiny/docs/proxy.pdf</u>. The Annual Report is available on the Company's website <u>(https://d.xyz/tech100)</u>. In addition, a Notice of Internet Availability of Proxy Materials is being sent to shareholders on or about October 17, 2025.

All proxies will be voted in accordance with the instructions contained therein. Unless contrary instructions are specified, if a proxy is properly executed and received by the Company (and not revoked) prior to the Annual Meeting, the Shares represented by the proxy will be voted **FOR** the election of Mr. Jacobson and **FOR** the election of Mr. Prasad to serve until the 2028 annual meeting of shareholders and until their successors are duly elected and qualified, **FOR** the election of Mr. Rodland to serve until the 2026 annual meeting of shareholders and until his successor is duly elected and qualified and **FOR** the election of Ms. Chacko to serve until the 2027 annual meeting of shareholders and until her successor is duly elected and qualified. Should any matter not described above be properly presented at the Annual Meeting, the named proxies will vote in accordance with their best judgment as permitted.

**Voting Rights** 

Holders of our common stock are entitled to one vote for each share held as of the Record Date.

The Annual Meeting is being held for the following purposes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The election of the following directors of the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Mr. Charles Jacobson as a Class III member of the Board to serve until the 2028 annual meeting of shareholders
and until his successor is duly elected and qualified;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Mr. Sohail Prasad as a Class III member of the Board to serve until the 2028 annual meeting of shareholders
and until his successor is duly elected and qualified;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Mr. Nathan Rodland as a Class I member of the Board to serve until the 2026 annual meeting of shareholders
and until his successor is duly elected and qualified;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Ms. Marissa Chacko as a Class II member of the Board to serve until the 2027 annual meeting of shareholders
and until her successor is duly elected and qualified; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To consider and vote upon the ratification of the selection of KPMG LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To transact such other business as may properly come before the Annual Meeting or any postponement or adjournment thereof.

**Quorum Required** 

The presence in person or by proxy of the holders of shares of stock of the Company equal to one-third of the votes entitled to be cast (without regard to class) shall constitute a quorum at any meeting of the shareholders. If you have properly voted by proxy via mail, you will be considered part of the quorum. We will count "abstain" and "withhold" votes as present for the purpose of establishing a quorum for the transaction of business at the Annual Meeting. If at any time Shares are held through brokers, we will count broker non-votes as present for the purpose of establishing a quorum. However, abstentions, "withhold" votes and broker non-votes are not counted as votes cast. A broker non-vote occurs when a broker holding Shares for a beneficial owner votes on some matters on the proxy card, but not on others, because the broker does not have instructions from the beneficial owner or discretionary authority (or declines to exercise discretionary authority) with respect to those other matters.

If a quorum is not present at the Annual Meeting, the person named as chair of the Annual Meeting may adjourn the meeting to permit further solicitation of proxies. The persons named as proxies will vote those proxies for such adjournment, unless marked to be voted against any proposal for which an adjournment is sought, to permit further solicitation of proxies. A shareholder vote may be taken on one or more of the proposals in this proxy statement prior to any such adjournment if there are sufficient votes for approval on such proposal(s).

**Vote Required** 

---

| | | | |
|:---|:---|:---|:---|
| **Proposal** | **Vote Required** | **Broker<br> Discretionary<br> Voting<br> Allowed** | **Effect of<br> "Withhold"<br> Votes,<br> Abstentions<br> and Broker<br> Non-Votes** |
| ***Proposal 1—To elect directors of the Company as follows:***<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***(a) Mr. Charles Jacobson as a Class III member of the Board to serve until the 2028 annual meeting of shareholders until his successor is duly elected and qualified;***<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***(b) Mr. Sohail Prasad as a Class III member of the Board to serve until the 2028 annual meeting of shareholders and until his successor is duly elected and qualified;***<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***(c) Mr. Nathan Rodland as a Class I member of the Board to serve until the 2026 annual meeting of shareholders and until his successor is duly elected and qualified; and***<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***(d) Ms. Marissa Chacko as a Class II member of the Board to serve until the 2027 annual meeting of shareholders and until her successor is duly elected and qualified.*** | &nbsp;&nbsp;&nbsp;&nbsp;Affirmative vote of a plurality of the votes cast on the matter. | Yes | "Withhold" votes and broker non-votes will have no effect on the result of the vote. |
| ***Proposal 2—To consider and vote upon the ratification of the selection of KPMG LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025.*** | &nbsp;&nbsp;&nbsp;&nbsp;Affirmative vote of a majority of the votes cast on the matter. | Yes | Abstentions and broker non-votes will have no effect on the result of the vote. |

---

You may vote "for", "withhold" or "against," or abstain from voting on each Proposal, as applicable. The inspector of elections appointed for the Annual Meeting will separately tabulate "for" votes, "withhold" votes, "against" votes, "abstain" votes, and broker non-votes.

**Voting** 

You may vote by proxy or in person (virtually) at the Annual Meeting in accordance with the instructions provided in the Notice of Internet Availability of Proxy Materials and as set forth below.

<u>Voting by Proxy</u> 

When voting by proxy and mailing your proxy card, you are required to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· first follow the instructions set forth on the Notice of Internet Availability of Proxy Materials and request a hard copy of the proxy card;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· indicate your instructions on the proxy card;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· date and sign the proxy card;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· mail the proxy card promptly in the envelope provided, which requires no postage if mailed in the United States; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· allow sufficient time for the proxy card to be received on or before 2:00 p.m. Eastern Time, on November 26, 2025.

You may also vote your Shares over the Internet by following the instructions set forth on the accompanying proxy card and the Notice of Internet Availability of Proxy Materials.

<u>Voting at the Annual Meeting</u> 

The Company will be hosting the Annual Meeting live via audio webcast. Any shareholder can attend the Annual Meeting live online after registering to attend by emailing <u>Attendameeting@equiniti.com</u> with "Destiny Tech100 Shareholder Meeting" in the subject line of the email. If you were a shareholder as of the Record Date, or you hold a valid proxy for the Annual Meeting, you can vote at the Annual Meeting. A summary of the information you need to attend the Annual Meeting online is provided below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Instructions on how to attend and participate via the Internet are
 set forth on the Notice of Internet Availability of Proxy Materials and will be provided upon emailing <u>attendameeting@equiniti.com.</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Webcast starts at 2:00 P.M., Eastern Time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· To attend and participate in the Annual Meeting, you will need to register in advance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Shareholders may submit questions while attending the Annual Meeting via the Internet.

The Company will have technicians ready to assist with any technical difficulties shareholders may have accessing the virtual meeting website. If you encounter any difficulties accessing the virtual meeting website during the check-in or meeting time, please call (800) 591-8269.

**Quorum and Adjournment** 

A quorum must be present at the Annual Meeting for any business to be conducted. The presence at the Annual Meeting, virtually or by proxy, of the holders of a majority of the shares outstanding on the Record Date will constitute a quorum.

If a quorum is not present at the Annual Meeting, the chairperson of the Annual Meeting may adjourn the Annual Meeting until a quorum is present.

**Proxies for the Annual Meeting** 

The named proxies for the Annual Meeting are Sohail Prasad and Ethan Silver (or their duly authorized designees), who will follow submitted proxy voting instructions. They will vote as the Board recommends herein as to any submitted proxies that do not direct how to vote on any item, and will vote on any other matters properly presented at the Annual Meeting in their judgment.

**Expenses of Soliciting Proxies** 

The Company will pay the expenses of soliciting proxies to be voted at the Annual Meeting, including the cost of preparing and posting this Proxy Statement and the Annual Report to the internet, and the cost of mailing the Notice of Internet Availability of Proxy Materials and any requested proxy materials to the shareholders. The Company has engaged the services of EQ Fund Solutions ("EQ") for the purpose of assisting in the solicitation of proxies at an anticipated cost of approximately $7,500 plus reimbursement of certain out-of-pocket expenses and fees for additional services requested. Please note that EQ may solicit shareholder proxies by telephone on behalf of the Company. They will not attempt to influence how you vote your Shares, but only ask that you take the time to authorize your proxy. You may also be asked if you would like to authorize your proxy over the telephone and to have your voting instructions transmitted to the Company's proxy tabulation firm.

**Revocability of Proxies** 

You may revoke any proxy that is not irrevocable by attending the Annual Meeting and voting in person (virtually) or by delivering a proxy in accordance with applicable law bearing a later date to the Secretary of the Company.

**Contact Information for Proxy Solicitation** 

You can contact us by mail sent to the attention of the Secretary of the Company, Ethan Silver, at our principal executive offices located at 1401 Lavaca Street, #144, Austin, TX 78701. You can call us by dialling (415) 639-9966.

**Record Date** 

The Board has fixed the close of business on October 13, 2025 as the Record Date for the determination of shareholders entitled to notice of, and to vote at, the Annual Meeting and adjournments or postponements thereof. As of the Record Date, there were 14,427,988 shares outstanding.

**SECURITY OWNERSHIP OF MANAGEMENT AND CERTAIN BENEFICIAL OWNERS**

Beneficial ownership is determined in accordance with the rules and regulations of the Securities and Exchange Commission (the "SEC"). These rules generally provide that a person is the beneficial owner of securities if such person has or shares the power to vote or direct the voting thereof, or to dispose or direct the disposition thereof or has the right to acquire such powers within 60 days. The following table sets forth, as of the Record Date, the beneficial ownership according to information furnished to us by such persons or publicly available filings. Ownership information for those persons who beneficially own 5% or more of the outstanding shares of our common stock is based upon filings by such persons with the SEC and other information obtained from such persons of each current director, the nominees for director, the Company's officers, the officers and directors as a group, and each person known to us to beneficially own 5% or more of the outstanding shares of our common stock.

The percentage ownership is based on 14,427,988 shares of our common stock outstanding as of the Record Date. To our knowledge, except as indicated in the footnotes to the table, each of the shareholders listed below has sole voting and/or investment power with respect to shares of our common stock beneficially owned by such shareholder.

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| | | | |
|:---|:---|:---|:---|
| **Name and Address<sup>3</sup>** | **Type of** <br> **Ownership** | **Shares Owned** | **Percentage<sup>1</sup>** |
| ***5% Owners*** |  |  |  |
| Destiny XYZ Inc. |  | 702065 | 4.9% |
| ***Interested Directors*** |  |  |  |
| Sohail Prasad |  | 711190<sup>2</sup> | 5% |
| ***Independent Directors*** |  |  |  |
| Travis Mason |  | 0 |  |
| Lee Daley |  | 0 |  |
| Lisa Nelson |  | 0 |  |
| ***Director Nominees*** |  |  |  |
| Charles Jacobson |  | 0 |  |
| Nathan Rodland |  | 0 |  |
| Marissa Chacko |  | 189 | \* |
| ***Officers*** |  |  |  |
| Ethan Silver |  | 0 |  |
| Peter Sattelmair |  | 0 |  |
| Cory Gossard |  | 0 |  |
| ***All officers, directors and director nominees as a group 10 persons*** |  | 711379 | 9.9% |

---

\* Less than 1%

<sup>1</sup> Percentage based on 14,427,988 shares issued and outstanding as of October 13, 2025.

<sup>2</sup> Includes 8,000 shares held directly by Mr. Prasad, 1,125 shares held by Mr. Prasad's spouse and 702,065 shares held by Destiny XYZ Inc., an entity controlled by Mr. Prasad.

<sup>3</sup> The addresses for each of the directors and officers is c/o Destiny Tech100 Inc., 1401 Lavaca Street, #144, Austin, TX 78701.

**PROPOSAL 1: ELECTION OF DIRECTORS**

At the Annual Meeting, shareholders are being asked to consider the election of two directors of the Company. Under the Company's Articles of Incorporation (the "Charter"), the number of directors on the Board may not be fewer than the minimum number required by the Maryland General Corporation Law. The directors are divided into three classes. Each class of directors holds office for a three-year term. The Board currently consists of four directors who serve in the following classes: Class I (term ending at the 2026 annual meeting) — Travis Mason; Class II (term ending at the 2027 annual meeting) — Lee Daley; and Class III (terms ending at the Annual Meeting) — Sohail Prasad and Lisa Nelson. See "Corporate Governance — The Board" for more information regarding the composition of the Board.

The Board has nominated (upon the recommendation of the Nominating and Corporate Governance Committee of the Board (the "Nominating and Corporate Governance Committee")), two directors, Charles Jacobson and Sohail Prasad, for election as Class III directors, one director, Nathan Rodland, for election as a Class I director and one director, Marissa Chacko, for election as a Class II director. Ms. Nelson, who currently serves as a Class III director, is not up for re-election at the Annual Meeting. If elected at the Annual Meeting, Charles Jacobson and Sohail Prasad would serve until the 2028 annual meeting of shareholders Nathan Rodland would serve until the 2026 annual meeting of shareholders and Marissa Chacko would serve until the 2027 annual meeting of shareholders, and until their successors are elected and qualified, or, if sooner, until their death, resignation or removal. None of Charles Jacobson, Sohail Prasad, Nathan Rodland or Marissa Chacko are being nominated as directors for election pursuant to any agreement or understanding between each one of them individually and the Company. Charles Jacobson, Sohail Prasad, Nathan Rodland and Marissa Chacko have each indicated their willingness to serve if elected and have individually consented to be named as nominees. Mr. Jacobson, Mr. Rodland and Ms. Chacko each are not an "interested director" of the Company as defined under the Investment Company Act of 1940 (the "1940 Act"). Mr. Prasad is considered an "interested person" of the Company as a result of his controlling interest in the Adviser. It is our policy to encourage directors and nominees for director to attend the Annual Meeting.

A shareholder can vote for or withhold from voting for any or all of the director nominees. **In the absence of instructions to the contrary, it is the intention of the persons named as proxies to vote such proxy FOR the election of each of the director nominees named below.** The Board has no reason to believe that the individuals named as director nominees will be unable or unwilling to serve.

**Required Vote** 

The director nominees shall be elected by a plurality of the votes cast at the Annual Meeting in person (virtually) or by proxy, provided that a quorum is present. Abstentions and broker non-votes will not be included in determining the number of votes cast and, as a result, will not have any effect on the result of the vote with respect to this proposal on the election of directors.

**Information about the Director Nominees and Directors** 

Set forth below is information, as of October 17, 2025, regarding Mr. Jacobson and Mr. Prasad, who are being nominated as Class III Directors, Mr. Rodland, who is being nominated as a Class I director and Ms. Chacko, who is being nominated as a Class II director, as well as information about the Company's other current directors whose terms of office will continue after the Annual Meeting. None of Mr. Jacobson, Mr. Prasad, Mr. Rodland or Ms. Chacko is being proposed for election pursuant to any agreement or understanding between him or her on the one hand, and the Company or any other person or entity, on the other hand.

The information below includes specific information about each director's experience, qualifications, attributes or skills that led the Board to the conclusion that the individual is qualified to serve on the Board, in light of the Company's business and structure.

There were no legal proceedings of the type described in Items 401(f) of Regulation S-K in the past 10 years against any of our directors, the director nominees or officers, and none are currently pending.

**<u>Nominees for Class III Director – To Be Elected at the Annual Meeting</u>**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Name and** <br> **Age** | **Position(s)** <br> **held with** <br> **the**<br> **Company** | **Principal** <br> **Occupations(s)** <br> **During the Past 5** <br> **Years** | **Term of** <br> **Office and**<br> **Length of** <br> **Time Served** | **Number**<br> **of**<br> **Portfolios**<br> **in** <br> **Fund**<br> **Complex**<br> **Overseen** <br> **by**<br> **Director** | **Other** <br> **Directorships** <br> **Held by** <br> **Director or** <br> **Nominee for** <br> **Director** |
| **Director Nominee** | **Director Nominee** | **Director Nominee** |  |  |  |
| Charles Jacobson, 54 | Director Nominee | <br> Strategic Adviser, Bridger Companies, Inc d/b/a Pillar Advisors, financial services provider (2025 – present); Strategic Adviser, Coppermine Ventures, LLC , an investment company (2025 – present); Strategic Adviser, Tribexa, Inc. financial sevices provider (2025 – present); Strategic Adviser, UpDraft Solutions, Inc. contract management platform (2025 – present); Operating Partner, Floravista Capital, private equity firm (2025-present); Advisory Board Member,Exaltaret, LLC, strategy and revenue advisory firm (2024 - present); Advisory BoardMember, Network forTeaching Entrepreneurship (2021 - 2023) Business Development Executive, CFGI LLC, accounting and business advisory firm (2024-present) and Senior Managing Partner (2019-2024)<br>Board Member, Floravista Capital (2025 to present); Board Member, Finance Committee Chairperson, Audit Committee Member and Executive Committee Member, Network for Teaching Entrepreneurship (2023 – present); Governance Committee Member, Network for Teaching Entrepreneurship (2022 – 2023); Board Member, The PMI Group, Inc. ,engineering services firm (2017 – 2022); Board Member, Parkview Capital Credit, Inc., investment firm (2015 – 2020) |  |  | Board member and Chairperson, Rubicon Technology, Inc., advanced materials provider specializing for optical systems and specialty electronic devices (2025 – present) |
|  |  | **Interested Directors** |  |  |  |
| Sohail Prasad, 31 | Director and Chief Executive Officer | Founder, Chairman of the Board and Chief Executive Officer, Destiny XYZ Inc. (2020 – present); Chief Executive Officer, Destiny Advisors LLC (2020 – present); Founder, Chief Executive Officer and President, Forge Global, Inc. a capital market company (2014 – 2020); Founding Partner, S2 Capital LLC, specialized investment company (2012 – present); Founder, Executive Chairman of XPV Group Inc., finance services company (2022-2024) | Director since November<br> 2020; Term expires<br> 2025 | 1 |  |

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**Charles Jacobson.** Mr. Jacobson currently serves as a Business Development Executive, and formerly served as the Senior Managing Partner, at CFGI, LLC, a leading accounting and business advisory firm. Prior to its acquisition by CFGI, LLC, Mr. Jacobson served as the Chief Executive Officer and co-founder of Pine Hill Group, a premier accounting consultancy and transaction advisory firm. At Pine Hill Group, Mr. Jacobson's responsibilities included day-to-day operations, business development, strategy, EOS integration, firm culture, team building, special projects, business plan formation, mergers and acquisitions and client service delivery. During his tenure at both CFGI, LLC and Pine Hill Group, Mr. Jacobson advised clients on dozens of capital markets transactions, mergers and acquisitions, generally accepted accounting principles, and Securities and Exchange Commission compliance and reporting. Throughout his career, Mr. Jacobson has served in numerous executive leadership roles, including Chief Executive Officer and Chief Financial Officer, at public and non-public companies and has significant advisory and board membership experience. Earlier in his career, Mr. Jacobson served in senior managerial audit positions at Ernst & Young LLP and BDO Seidman, LLP where he was responsible for audit engagements of private, pre-IPO and publicly traded companies in various industries. Mr. Jacobson obtained his B.S. in Accounting from Rutgers University and is a certified public accountant.

We believe Mr. Jacobson is well qualified to serve as a director of the Board due to his extensive accounting, finance and transactional experience and his independence from the Company, the Adviser and Destiny XYZ Inc., will enhance his service as Chairman of our Audit Committee and a member of the Compensation and Nominating and Corporate Governance Committees.

**Sohail Prasad.** Mr. Prasad is our Chairman of the Board and Chief Executive Officer and is Founder, Chairman, & Chief Executive Officer of Destiny XYZ Inc., the parent company of Destiny Advisors LLC, our investment adviser. Prior to founding Destiny, Mr. Prasad founded and served as CEO of Forge (NYSE:FRGE), a global private securities market place building trading, custody, and data infrastructure to meet the needs of high-growth unicorn companies, employees, and investors. In March 2022, Forge became the first dedicated trading platform for private shares to become a public company. As an eighteen-year-old, Mr. Prasad was among the youngest founders to go through Y Combinator, a start-up accelerator, and was later named a Thiel Fellow by the Thiel Foundation. Over the years, Mr. Prasad has advised and invested in over 200 start-ups, including as seed investor in notable start-ups such as Rippling, Rappi, Notion, Retool, Vise, Mercury, and Superhuman. He continues to invest in early stage technology companies through S2 Capital and serves as its Founding Partner. Prior to founding Forge, Mr. Prasad held roles in product management at Zynga, as an early engineer at mobile advertising firm Chartboost, and various other roles at Google and the MIT Media Lab. Mr. Prasad attended Carnegie Mellon University where he studied Electrical & Computer Engineering before dropping out.

We believe Mr. Prasad is well qualified to serve as a director and Chairman of the Board due to his deep expertise with private investments and private investment trading platforms.

**<u>Class III Director –Not Up for Re-Election at the Annual Meeting</u>**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Name and** <br> **Age** | **Position(s)** <br> **held with** <br> **the**<br> **Company** | **Principal** <br> **Occupations(s)** <br> **During the Past 5** <br> **Years** | **Term of** <br> **Office and**<br> **Length of** <br> **Time Served** | **Number**<br> **of**<br> **Portfolios**<br> **in** <br> **Fund**<br> **Complex**<br> **Overseen** <br> **by**<br> **Director** | **Other** <br> **Directorships** <br> **Held by** <br> **Director or** <br> **Nominee for** <br> **Director** |

---

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Independent Directors** | **Independent Directors** | **Independent Directors** | **Independent Directors** | **Independent Directors** |  |
| Lisa Nelson, 49 | Director | Director, Astra Space, Inc., a space company (2021-2024); Director, Limeade, Inc., software company (2022-2023); Director, Seattle Bank, Inc. (2021-2025); Director Envel, Inc., technology company (2021-2023); Managing Director, Microsoft Corporation, technology company (2005-2019); Advisor, Brooks Running, sports apparel company (2021-present); Advisor, Flying Fish (2020-present); Advisor, Movac (2020-present) | Director since August 2023; Term expires 2025 | 1 | Director, Spark, Inc.,technology company (2024-present) |

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**Lisa Nelson.** Ms. Nelson has over 25 years of experience as a technology, financial and operational leader helping organizations across a variety of industries and stages execute their strategic priorities, including business, cultural and digital transformations. Ms. Nelson currently serves as a full-time board director and advisor. Through her diverse experience with start-ups and Fortune 500 companies (including Microsoft where she served as a senior finance and business development executive for nearly 15 years), Ms. Nelson has developed expertise in business growth strategies, scaling businesses effectively, managing risks in complex environments and leading through change. Ms. Nelson currently serves on the audit committee of Spark, Inc. New Zealand and previously worked closely with Microsoft's audit committee in her executive finance roles at the company and served on the audit committee of Seattle Bank. Ms. Nelson has also served as Chair of the Compensation Committee of Astra Space and as a member of the nominating and governance committee of the Company. Ms. Nelson also serves as a strategic advisor to Brooks Running (Berkshire Hathaway portfolio company with >$1B in sales) and several venture funds and start-ups around the world. We believe that Ms. Nelson's extensive experience provides the Board with a valuable insight into the matters of business growth strategy, risk management and finance. Ms. Nelson earned a Bachelors in Business Administration and a Certificate of Accounting from the University of Washington and is a Certified Public Accountant. Ms. Nelson is not up for re-election at the Annual Meeting and her term as director will expire at the Annual Meeting.

**<u>Incumbent Class I Director – Term Expiring at the 2026 Annual Meeting</u>**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Name and** <br> **Age** | **Position(s)** <br> **held with**<br> **the** <br> **Company** | **Principal** <br> **Occupations(s) During** <br> **the Past 5 Years** | **Term of Office** <br> **and Length of** <br> **Time Served** | **Number**<br> **of** <br> **Portfolios**<br> **in** <br> **Fund** <br> **Complex** <br> **Overseen** <br> **by**<br> **Director** | **Other** <br> **Directorships** <br> **Held by Director** <br> **or Nominee for** <br> **Director** |
| **Independent Directors** | **Independent Directors** | **Independent Directors** | **Independent Directors** | **Independent Directors** |  |
| Travis Mason, 41 | Director | Advisor, Akute Networks, Inc. , a non-profit organization (2025-present); Director, Omnitron Sensors (2024-present); Director, Maxwell School of Citizenship, Syracuse University (2018-present); Chief Policy and Regulatory Officer, Merlin Labs, technology company (2022-2025); Operating Partner, 776 Fund Management<br> (2021 – 2022); Fellow, Massachusetts Institute of Technology (2020 – 2021);<br> Vice President, Certification and Regulation, Airbus SE, aerospace company (2017 – 2020) | Director since April 2022; Term expires<br> 2026 | 1 |  |

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**Travis Mason.** Mr. Mason is the Chief Policy and Regulatory Officer at Merlin Labs and currently serves on the board of directors of the Maxwell School of Citizenship and Public Policy at Syracuse University, KinectAir and the BluPrint Collective. Mr. Mason previously served as Operating Partner of 776 Fund Management, a venture capital firm, from January 2021 to June 2022. Mr. Mason has 12 years of experience helping entrepreneurs navigate regulatory and public policy barriers to bring future technologies to market throughout North America, Europe, South America and Asia. Before Seven Six, Mr. Mason served as a Fellow at Massachusetts Institute of Technology, from 2020 to 2021. Prior to that, from 2017 to 2020, Mr. Mason served as Vice President, Certification and Regulation, at Airbus, leading global policy for the company's emerging technology investments in autonomous air taxis, unmanned aircraft and urban air mobility. Prior to Airbus, Mr. Mason worked at Alphabet's Google X and Google on the engineering and public policy teams to help bring technologies like drone delivery and autonomous vehicles to market. Mr. Mason received his Bachelor's Degree at Syracuse University, where he was recognized as a Harry S. Truman Scholar, one of the country's most prestigious undergraduate awards. He earned his Master's Degree at the University of Michigan and also studied at Princeton University's School of Public Policy and Harvard University's Kennedy School of Government as a Galbraith Scholar.

Mr. Mason's knowledge of financial matters and experience working with rapidly developing technology qualifies him to serve on our Board and his independence from the Company, the Adviser and of Destiny XYZ Inc., enhances his service as a member of our Audit, Compensation and Nominating and Corporate Governance Committees.

**<u>Nominee for Class I Director – Term Expiring at the 2026 Annual Meeting</u>**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Name and** <br> **Age** | **Position(s)** <br> **held with**<br> **the** <br> **Company** | **Principal** <br> **Occupations(s) During** <br> **the Past 5 Years** | **Term of Office** <br> **and Length of** <br> **Time Served** | **Number**<br> **of** <br> **Portfolios**<br> **in** <br> **Fund** <br> **Complex** <br> **Overseen** <br> **by**<br> **Director** | **Other** <br> **Directorships** <br> **Held by Director** <br> **or Nominee for** <br> **Director** |
| **Director Nominees** | **Director Nominees** | **Director Nominees** |  |  |  |
| Nathan Rodland, 39 | Director Nominee | Chief Operating Officer, Endurance Energy Equipment Integration Co., Ltd., an energy solutions company (2025 – present); General Partner, Elefund LLC, a venture capital firm (2018 – 2025); Founding Chief Operating Officer, Aetherflux Inc., an energy solutions company (2024 – 2025) |  |  |  |

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**Nathan Rodland.** Mr. Rodland currently serves as Chief Operating Officer at Endurance Energy Equipment Integration Co., Ltd. an energy solutions company. Mr. Rodland previously served as Chief Operating Officer at Aetherflux Inc., a U.S. energy solutions company, General Partner at Elefund LLC, a venture capital firm, and as Chief Operating Officer and Co-Founder of Robinhood Markets, Inc., a financial services company.

Prior to Robinhood, Mr. Rodland served as Chief Operating Officer of Chronos Research on Wall Street. Mr. Rodland has a Bachelors degree in Economics, Business, Computer Science from Whitworth College.

The Board believes Mr. Rodland is well qualified to serve on the Board due to his vast experience in venture capital finance and operations and his independence from the Company, the Adviser and Destiny XYZ Inc., will enhance his service as a member of our Audit Committee, Compensation and Nominating and Corporate Governance Committees.

**<u>Incumbent Class II Director – Term Expiring at the 2027 Annual Meeting</u>**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Name**<br> **and**<br> **Age** | **Position(s)**<br> **held with**<br> **the**<br> **Company** | **Principal**<br> **Occupations(s)**<br> **During**<br> **the Past 5 Years** | **Term of**<br> **Office**<br> **and**<br> **Length**<br> **of**<br> **Time**<br> **Served** | **Number of**<br> **Portfolios**<br> **in**<br> **Fund**<br> **Complex**<br> **Overseen**<br> **by Director** | **Other**<br> **Directorships**<br> **Held by**<br> **Director**<br> **or Nominee for**<br> **Director** |
| **Independent Directors** | **Independent Directors** | **Independent Directors** | **Independent Directors** |  |  |
| Lee Daley, 62 | Director | Co-Founder, Chairman and Chief Strategist, G3NiU7 Inc (learning technology company) (2018 – Present) | Director since March 2024; term expires 2027 | 1 |  |

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**Lee Daley.** Lee Daley began his career with 25 years in international advertising. He served as the Global CEO of Red Cell Network for WPP, Executive Chairman of HHCL in London, Group Chairman and CEO of Saatchi & Saatchi UK, and Chief Strategy Officer of McCann World Group in Europe, the Middle East, and Africa and globally. Since 2011, Mr. Daley has worked as an advisor and board director with the founding teams of several successful Silicon Valley startups including Boxed.com, Equidate (now Forge Global), Twin Science, Revolution Solar, and Ronoc Asia, as well as mature tech businesses such as GlobalLogic and McLaren Applied and Advanced Technologies. With over 30 years of board experience, Mr. Daley continues to advise founders, boards, and clients around the world on business, marketing, and strategy issues. In 2018, Mr. Daley co-founded Hello Genius with former Microsoft, MIT, and McKinsey alumni and with the guidance of the late Sir Ken Robinson. Under Mr. Daley's strategic leadership and chairmanship, Hello Genius has invested $5M in building a platform technology that harnesses AI and advanced machine learning algorithms to personalize users' content experiences and develop sophisticated data and analytics. Mr. Daley studied politics and philosophy, graduating from the Victoria University of Manchester, before his postgraduate studies in marketing at Kingston Business School in the UK. He has also undertaken executive studies at Harvard, Kellogg, MIT Sloan, Columbia, and the Yale School of Management. Mr. Daley is a fellow of the Royal Society of Arts.

Mr. Daley's technology industry knowledge and broad experience serving on boards and as a strategic advisor qualifies him to serve on our Board and his independence from the Company, the Adviser and of Destiny XYZ Inc., enhances his service as a member of our Audit, Compensation and Nominating and Corporate Governance Committees.

**<u>Nominee for Class II Director – Term Expiring at the 2027 Annual Meeting</u>**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Name and**<br> **Age** | **Position(s)**<br> **held with the**<br> **Company** | **Principal**<br> **Occupations(s)**<br> **During**<br> **the Past 5 Years** | **Term of Office**<br> **and**<br> **Length of**<br> **Time**<br> **Served** | **Number of**<br> **Portfolios**<br> **in**<br> **Fund**<br> **Complex**<br> **Overseen**<br> **by Director** | **Other**<br> **Directorships**<br> **Held by**<br> **Director**<br> **or Nominee for**<br> **Director** |
| **Director Nominees** | **Director Nominees** | **Director Nominees** |  |  |  |
| Marissa Chacko, 43 | Director Nominee | Director of Product Management, Meta Platforms, Inc., a technology company (2025 – present); Director of Product Management, Google LLC, a technology company (2021 – 2024); Director of Product Management, Lyft, Inc., a ride-sharing service (2019 – 2021) |  |  |  |

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**Marissa Chacko.** Ms. Chacko currently serves as a Director of Product Management at Meta Platforms, Inc., a global technology company. Ms. Chacko previously served as a Director of Product Management at Google LLC, a global technology company, and as a Director of Product Management at Lyft Inc., a transportation network company. Early in her career, Ms. Chacko worked in technology consulting at IBM Global Business Services, a major technology company. Ms. Chacko has a BSBA and a BA in Marketing, International Business and Spanish from Washington University in St. Louis and an MBA in Management of Technology and Entrepreneurship from University of California, Berkley.

The Board believes Ms. Chacko is well qualified to serve on the Board due to her significant experience in technology-focused companies and her independence from the Company, the Adviser and Destiny XYZ Inc., will enhance her service as a member of our Audit Committee, Compensation and Nominating and Corporate Governance Committees.

**Dollar Range of Equity Securities Beneficially Owned by Directors** 

The table below shows the dollar range of equity securities of the Company and the aggregate dollar range of equity securities of the Company that were beneficially owned by each director as of the Record Date stated as one of the following dollar ranges: None; $1-$10,000; $10,001- $50,000; $50,001-$100,000; or Over $100,000.

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| | |
|:---|:---|
| **Name of Director/Director Nominee** | **Dollar Range of Equity Securities in Destiny<br> Tech100 Inc.<sup>1,2</sup>** |
| Sohail Prasad | Over $100,000 |
| Travis Mason |  |
| Lee Daley |  |
| Charles Jacobson |  |
| Nathan Rodland |  |
| Lisa Nelson |  |
| Marissa Chacko | $1-$10000 |

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<sup>1</sup> Beneficial ownership determined in accordance with Rule 16a-1(a)(2) promulgated under the Exchange Act.

<sup>2</sup> The dollar range of equity securities of the Company beneficially owned by directors of the Company, if applicable, is calculated by multiplying our closing trading price per share as of October 13, 2025 of $25.83 times the number of shares beneficially owned.

**Information about Officers Who Are Not Directors**

The following sets forth certain information regarding the officers of the Company who are not directors of the Company.

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| | | | |
|:---|:---|:---|:---|
| **Name and Age** | **Position(s) held with the** <br> **Company** | **Principal Occupations(s)** <br> **During the Past 5 Years** | **Officer**<br> **Since** |
| Peter Sattelmair, 47 | Chief Financial Officer | Director, PINE Advisor Solutions (2021– present); Director of Fund Operations and Assistant Treasurer, Transamerica Asset Management (2015 – 2021) | April 2022 |
| Cory Gossard, 52 | Chief Compliance Officer | Managing Director, PINE Advisor Solutions (2021– present); Chief Compliance Officer, SS&C ALPS<br>| April 2022 |
| Ethan Silver, 49 | Chief Operating Officer | Partner, Lowenstein Sandler LLP (2016– present)<br>| May 2021 |

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**Peter Sattelmair.** Mr. Sattelmair has served as our Chief Financial Officer since April 2022. He currently serves as a Director at PINE Advisor Solutions and has nearly 25 years in the financial services and asset management industries. Prior to PINE, he spent the previous 7 years at Transamerica Asset Management where he served as the Director of Fund Operations and Assistant Treasurer of a wide range of registered products with AUM of $80+ billion. In his roles at Transamerica Asset Management, Mr. Sattelmair was responsible for the oversight of all aspects of the funds including fund accounting, custody, fund administration, valuation, and oversight of third-party vendors. Prior to joining Transamerica Asset Management in July 2014, Mr. Sattelmair spent 15 years working at State Street Bank in various roles and locations including Boston, MA and Kansas City, MO. Mr. Sattelmair left State Street as a Vice President of Fund Administration. Mr. Sattelmair obtained his B.S. in Business Management from the University of Massachusetts, Dartmouth.

**Cory Gossard.** Mr. Gossard has served as our Chief Compliance Officer since April 2022 and currently serves as a Managing Director at PINE Advisor Solutions. Mr. Gossard is a seasoned Fund and Advisor Chief Compliance Officer with 25 years of experience in the asset management industry. Most recently, he was the Chief Compliance Officer for SS&C ALPS in which he held responsibilities for firm compliance, AML, risk management, portfolio compliance, internal audit, vendor oversight and outsourced CCO services. In addition to serving as the CCO for SS&C ALPS, Mr. Gossard also served as Fund CCO for SPDR S&P 500 ETF Trust, SPDR DJIA ETF Trust, and SPDR S&P MidCap400 ETF Trust with aggregate AUM in excess of $350 billion. Before ALPS, Mr. Gossard held an 18-year tenure at Citibank and a multitude of job titles making him a versatile compliance professional. Cory holds a degree from Heidelberg University and holds a FINRA Series 7 and ACAMS Certification.

**Ethan Silver.** Mr. Silver is our Chief Operating Officer. He is a leading lawyer in the FinTech industry, launching and representing many of the leading companies in the space across their offerings and operations in the broker-dealer, crypto and digital advisory businesses. This includes deep knowledge and understanding of the largest platforms operating in the private securities/late-stage pre-IPO investing space. He has also been an investor in many early stage pre-IPO companies. Mr. Silver started his career on the regulatory side as an Enforcement lawyer with the Bureau of Securities in the New Jersey Attorney General's Office, as well as the Enforcement Division of the NYSE (which was later merged with the NASD to form FINRA). For the last 15 years, he has been on the private side as a Partner at a financial services boutique law firm as well as Lowenstein Sandler LLP. Mr. Silver received his Bachelor's Degree from the University of Maryland and his J.D. from New York Law School.

**CORPORATE GOVERNANCE**

**The Board**

 ****

***Board Composition***

The Board currently consists of four directors and is divided into three classes as follows: Travis Mason serves as a Class I director (with term ending at the 2026 annual meeting of shareholders); Lee Daley serves as a Class II director (with term ending at the 2027 annual meeting of shareholders) and Sohail Prasad and Lisa Nelson serve as Class III directors (terms ending at the Annual Meeting).

The Board believes that a classified board of directors serves the best interests of the Company and its shareholders by promoting the continuity and stability of the Company and its business. A staggered election of directors means that over time the Company can ensure that, at any given time, at least a majority of the directors will have had prior experience on the Board. The Board also believes that classification may enhance the Company's ability to attract and retain well-qualified directors who are able to commit the necessary time and resources to understand the Company, its business affairs and operations. The Board believes that the continuity and quality of leadership that results from a staggered Board enhances long-term planning and promotes the long-term value of the Company. Three-year terms provide the Company's directors an appropriate amount of time to develop a deeper and more thorough understanding of the Company's business, competitive environment and strategic goals. Experienced directors are better positioned to provide effective oversight and advice consistent with the best interests of the shareholders. Staggered terms for directors may also moderate the pace of change in the Board by extending the time required to elect a majority of directors from one to three annual meetings of shareholders.

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***Independent Directors***

The Board consists of a majority of directors who are not "interested persons" of the Company, the Adviser, or any of their respective affiliates ("Independent Directors"). On an annual basis, each member of the Company's Board is required to complete a questionnaire designed to provide information to assist the Board in determining whether the director is independent under NYSE corporate governance rules, the Exchange Act and the 1940 Act. The Board limits membership on the Audit Committee, the Compensation Committee and the Nominating and Corporate Governance Committee to Independent Directors.

Based on these independence standards and the recommendation of the Nominating and Corporate Governance Committee, after reviewing all relevant transactions and relationships between each director, or any of his family members, and the Company, the Adviser, or of any of their respective affiliates, the Board has determined that Messrs. Mason and Daley and Ms. Nelson qualify as Independent Directors. Each director who serves on the Audit Committee is an independent director for purposes of Rule 10A-3 under the Exchange Act.

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***Interested Directors***

Mr. Prasad is considered an "interested person" of the Company as a result of his controlling interest in the Adviser.

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***Meetings and Attendance***

The Board met 8 times during 2024 and acted on various occasions by unanimous written consent in lieu of a meeting. Each of the incumbent directors then in office attended all of the Board meetings held in 2024 as well as all committee meetings held in 2024.

 **

***Board Attendance at the Annual Meeting***

 **

The Company's policy is to encourage its directors to attend each annual meeting; however, such attendance is not required at this time.

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***Board Leadership Structure and Oversight Responsibilities***

Overall responsibility for the Company's oversight rests with the Board. The Company has entered into an investment advisory agreement (the "Investment Advisory Agreement"), pursuant to which the Adviser manages the Company on a day-to-day basis. The Board is responsible for overseeing the Adviser and the Company's other service providers in accordance with the provisions of the 1940 Act, applicable provisions of state and other laws and the Company's charter. The Board is currently composed of four members, three of whom are Independent Directors.

The Board meets at regularly scheduled quarterly meetings each year. In addition, the Board may hold special in-person or telephonic meetings or informal conference calls to discuss specific matters that may arise or require action between regular meetings. Additionally, the Board has established an Audit Committee, Compensation Committee and a Nominating and Corporate Governance Committee and may establish ad hoc committees or working groups from time to time, to assist the Board in fulfilling its oversight responsibilities.

The Board has appointed Sohail Prasad to serve in the role of Chairman of the Board. Mr. Prasad is considered an interested director because he is an officer of the Company and controls the Adviser. The Chairman's role is to preside at all meetings of the Board and to act as a liaison with the Adviser, counsel and other directors generally between meetings. The Chairman serves as a key point person for dealings between management and the directors. The Chairman also may perform such other functions as may be delegated by the Board from time to time. The Board reviews matters related to its leadership structure annually. The Board believes that Mr. Prasad's history with the Company, familiarity with the Adviser's investment platform and extensive experience investing in and managing early-stage investments qualifies him to serve as Chairman of the Board. The Board does not have a lead independent director. However, Ms. Nelson, the chair of the Audit Committee, is an independent director and acts as a liaison between the independent directors and management. The Board believes that its leadership structure is appropriate in light of the Company's characteristics and circumstances because the structure allocates areas of responsibility among the individual directors and the committees in a manner that encourages effective oversight. The Board also believes that its size creates a highly efficient governance structure that provides ample opportunity for direct communication and interaction between the Adviser and the Board.

The Company is subject to a number of risks, including investment, compliance, operational and valuation risks, among others. Risk oversight forms part of the Board's general oversight of the Company and is addressed as part of various Board and committee activities. Day-to-day risk management functions are subsumed within the responsibilities of the Adviser and other service providers (depending on the nature of the risk), which carry out our investment management and business affairs. The Adviser and other service providers employ a variety of processes, procedures and controls to identify various events or circumstances that give rise to risks, to lessen the probability of their occurrence and to mitigate the effects of such events or circumstances if they do occur. Each of the Adviser and other service providers has its own independent interest in risk management, and their policies and methods of risk management will depend on their functions and business models. The Board recognizes that it is not possible to identify all of the risks that may affect the Company or to develop processes and controls to eliminate or mitigate their occurrence or effects. As part of its regular oversight of the Company, the Board interacts with and reviews reports from, among others, the Adviser, our Chief Compliance Officer, our independent registered public accounting firm and counsel, as appropriate, regarding risks faced by the Company and applicable risk controls. The Board may, at any time and in its discretion, change the manner in which it conducts risk oversight.

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***Communications with Directors***

Shareholders and other interested parties may contact any member (or all members) of the Board by mail. To communicate with the Board, any individual director(s) or any group or committee of directors, correspondence should be addressed to the Board or any such individual director(s) or group or committee of directors by either name or title. All such correspondence should be sent to Destiny Tech100 Inc., 1401 Lavaca Street, #144, Austin, TX 78701, Attention: Chair of the Audit Committee.

**Committees of the Board** 

The Board has an Audit Committee, a Nominating and Corporate Governance Committee and a Compensation Committee, and may form additional committees in the future. A brief description of each committee is included in this Proxy Statement.

As of the date of this Proxy Statement, the members of each of the Board's committees are as follows (the names of the respective committee chairperson are bolded):

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| | | |
|:---|:---|:---|
| **Audit Committee** | **Nominating and Corporate<br> Governance Committee** | **Compensation Committee** |
| **Lisa Nelson** | **Travis Mason** | **Lee Daley** |
| Travis Mason | Lee Daley | Travis Mason |
| Lee Daley | Lisa Nelson | Lisa Nelson |

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Following the Annual Meeting, the members of each of the Board's committees will be as follows (the names of the respective committee chairperson are bolded):

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| | | |
|:---|:---|:---|
| **Audit Committee** | **Nominating and Corporate<br> Governance Committee** | **Compensation Committee** |
| **Charles Jacobson** | **Travis Mason** | **Lee Daley** |
| Travis Mason | Lee Daley | Travis Mason |
| Lee Daley | Charles Jacobson | Charles Jacobson |
| Nathan Rodland | Nathan Rodland | Nathan Rodland |
| Marissa Chacko | Marissa Chacko | Marissa Chacko |

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***Audit Committee Governance, Responsibilities and Meetings***

In accordance with its written charter adopted by the Board, the Audit Committee:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· assists the Board's oversight of the integrity of our financial statements, the independent registered public accounting firm's qualifications and independence, our compliance with legal and regulatory requirements and the performance of our independent registered public accounting firm;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· prepares an Audit Committee report, if required by the SEC, to be included in our annual proxy statement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· oversees the scope of the annual audit of our financial statements, the quality and objectivity of our financial statements, accounting and financial reporting policies and internal controls;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· determines the selection, appointment, retention and termination of our independent registered public accounting firm, as well as approving the compensation thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· pre-approves all audit and non-audit services provided to us and certain other persons by such independent registered public accounting firm; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· acts as a liaison between our independent registered public accounting firm and the Board.

The current members of the Audit Committee are Ms. Nelson and Messrs. Mason and Daley, with Ms. Nelson serving as Chair. Following the Annual Meeting, the Audit Committee will consist of Ms. Chacko and Messrs. Mason, Daley, Jacobson and Rodland, with Mr. Jacobson serving as Chair. Our Board has determined that Messrs. Jacobson, Mason, Daley and Rodland and Ms. Chacko meet the current independence and experience requirements of Rule 10A-3 of the Exchange Act.

The Board has determined that Mr. Jacobson qualifies as an "audit committee financial expert," as that term is defined in Item 3 of Form N-CSR.

The Audit Committee met 5 times in 2024. The current charter of the Audit Committee is available on the Company's website at https://d.xyz/proxy.

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***Nominating and Corporate Governance Committee Governance, Responsibilities and Meetings***

In accordance with its written charter adopted by the Board, the Nominating and Corporate Governance Committee:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· recommends to the Board persons to be nominated by the Board for re-election at the Company's meetings of our shareholders, special or annual, if any, or to fill any vacancy on the Board that may arise between shareholder meetings;

· makes recommendations with regard to the tenure of the directors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· is responsible for overseeing an annual evaluation of the Board and its committee structure to determine whether the structure is operating effectively; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· recommends to the Board the compensation to be paid to the independent directors of the Board.

The Nominating and Corporate Governance Committee will consider for nomination to the Board candidates submitted by the Company's shareholders or from other sources it deems appropriate.

The current members of the Nominating and Corporate Governance Committee are Messrs. Mason and Daley and Ms. Nelson, with Mr. Mason serving as Chair. Following the Annual Meeting, the Nominating and Corporate Governance Committee will consist of Messrs. Mason, Daley, Jacobson, Rodland and Ms. Chacko, with Mr. Mason continuing to serve as a Chair.

The Nominating and Corporate Governance Committee met two times in 2024. The current charter of the Nominating and Corporate Governance Committee is available on the Company's website at https://d.xyz/tech100.

 

*Director Nominations* 

Nomination for election as a director may be made by, or at the direction of, the Nominating and Corporate Governance Committee or by shareholders in compliance with the procedures set forth in our bylaws. Our Nominating and Corporate Governance Committee will consider qualified director nominees recommended by shareholders when such recommendations are submitted in accordance with our bylaws and any applicable law, rule or regulation regarding director nominations. When submitting a nomination for consideration, a shareholder must provide certain information that would be required under applicable SEC rules, including the following minimum information for each director nominee: full name, age and address; principal occupation during the past five years; current directorships on publicly held companies and investment companies; number of our securities owned, if any; and, a written consent of the individual to stand for election if nominated by our Board and to serve if elected by our shareholders. Shareholder proposals or director nominations to be presented at the annual meeting of shareholders, other than shareholder proposals submitted pursuant to the SEC's Rule 14a-8 under the Exchange Act, must be submitted in accordance with the advance notice procedures and other requirements set forth in our bylaws. These requirements are separate from the requirements discussed above to have the shareholder nomination or other proposal included in our proxy statement and form of proxy/voting instruction card pursuant to the SEC's rules.

Our bylaws require that the proposal or recommendation for nomination must be delivered to, or mailed and received at, the principal executive offices of the Company not earlier than the 150th day prior to the one year anniversary of the date the Company's proxy statement for the preceding year's annual meeting, or later than the 120th day prior to the first anniversary of the date of the proxy statement for the preceding year's annual meeting. If the date of the annual meeting has changed by more than 30 days from the first anniversary of the date of the preceding year's annual meeting, shareholder proposals or director nominations must be so received not earlier than the 150th day prior to the date of such annual meeting and not later than the120th day prior to the date of such annual meeting or the tenth day following the day on which public announcement of the date of such meeting is first made.

In evaluating director nominees, the Nominating and Corporate Governance Committee considers, among others, the following factors:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· whether the individual possesses high standards of character and integrity, relevant experience, a willingness to ask hard questions and the ability to work well with others;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· whether the individual is free of conflicts of interest that would violate applicable law or regulation or interfere with the proper performance of the responsibilities of a director;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· whether the individual is willing and able to devote sufficient time to the affairs of the Company and be diligent in fulfilling the responsibilities of a director and Board committee member;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· whether the individual has the capacity and desire to represent the balanced, best interests of the shareholder as a whole and not a special interest group or constituency; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· whether the individual possesses the skills, experiences (such as current business experience or other such current involvement in public service, academia or scientific communities), particular areas of expertise, particular backgrounds, and other characteristics that will help ensure the effectiveness of the Board and Board committees.

The Nominating and Corporate Governance Committee's goal is to assemble a board that brings to the Company a variety of perspectives and skills derived from high-quality business and professional experience.

Other than the foregoing, there are no stated minimum criteria for director nominees, although the Nominating and Corporate Governance Committee also may consider other factors as they may deem are in the best interests of the Company and its shareholders. The Board also believes it appropriate for certain key members of the Company's management to participate as members of the Board.

The Nominating and Corporate Governance Committee identifies nominees by first evaluating the current members of the Board willing to continue in service. Current members of the Board with skills and experience that are relevant to the Company's business and who are willing to continue in service are considered for re-nomination. If any member of the Board does not wish to continue in service or if the Nominating and Corporate Governance Committee decides not to re-nominate a member for re-election, the Nominating and Corporate Governance Committee will identify the desired skills and experience of a new nominee in light of the criteria above. The members of the Board are polled for suggestions as to individuals meeting the aforementioned criteria. Research may also be performed to identify qualified individuals. To date, the Company has not engaged third parties to identify or evaluate or assist in identifying potential nominees, although the Company reserves the right in the future to retain a third-party search firm, if necessary.

The Board has not adopted a formal policy with regard to the consideration of diversity in identifying director nominees. In determining whether to recommend a director nominee, the Nominating and Corporate Governance Committee considers and discusses diversity, among other factors, with a view toward the needs of the Board as a whole. The Board generally conceptualizes diversity expansively to include, without limitation, concepts such as race, gender, national origin, differences of viewpoint, professional experience, education, skill and other qualities that contribute to the Board, when identifying and recommending director nominees. The Board believes that the inclusion of diversity as one of many factors considered in selecting director nominees is consistent with the Board's goal of creating a Board that best serves the needs of the Company and the interests of its shareholders.

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***Compensation Committee, Responsibilities and Meetings***

In accordance with its written charter adopted by the Board, the Compensation Committee:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· oversees the Company's compensation policies generally and make recommendations to the Board with respect to any incentive compensation and equity-based plans of the Company that are subject to Board approval;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· reviews and approves the compensation, if any, by the Company for each of the Company's executive officers, including reimbursement by the Company of the compensation of the Chief Financial Officer and Chief Compliance Officer; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· prepares a report on executive officer compensation if the Securities and Exchange Commission rules require such a report to be included in the Company's annual proxy statement.

The current members of the Compensation Committee are Messrs. Mason and Daley and Ms. Nelson, with Mr. Daley serving as Chair. Following the Annual Meeting, the Nominating and Corporate Governance Committee will consist of Messrs. Mason, Daley, Jacobson, Rodland and Ms. Chacko, with Mr. Daley continuing to serve as a Chair.

The Compensation Committee met one time during 2024. The current charter of the Compensation Committee is available on the Company's website at https://d.xyz/tech100.

**Code of Ethics** 

The Company and the Adviser have each adopted a code of ethics pursuant to Rule 17j-1 under the 1940 Act that establishes procedures for personal investments and restricts certain personal securities transactions. Personnel subject to each code may invest in securities for their personal investment accounts, including securities that may be purchased or held by us, so long as such investments are made in accordance with the code's requirements. Our code of ethics is available on the EDGAR Database on the SEC's website at http://www.sec.gov.

**Hedging, Speculative Trading, and Pledging of Securities** 

The Board has adopted, as part of the Company's insider trading policy, prohibitions against directors and officers of the Company and any director, officer or employee of the Adviser or administrator buying or selling puts or calls or other derivative securities based on the Company's securities (other than derivative securities issued by the Company, such as convertible notes). In addition, such persons are prohibited from (i) short-selling the Company's securities or entering into hedging or monetization transactions or similar arrangements with respect to the Company's securities, and (ii) pledging the Company's securities in a margin account or as collateral for a loan.

**Election of Officers** 

Officers hold their office until their successors have been duly elected and qualified, or until the earlier of their resignation or removal.

**Director Compensation** 

No compensation will be paid to our directors considered to be "interested persons" as defined in the 1940 Act. Our Independent Directors who do not also serve in an executive officer capacity for us or the Adviser are entitled to receive annual cash retainer fees, fees for participating in in-person Board and committee meetings and annual fees for serving as a committee chairperson. These directors currently are Messrs. Mason and Daley and Ms. Nelson. Following the Annual Meeting, Messrs. Jacobson, Rodland, Mason and Daley as well as Ms. Chacko will be considered Independent Directors entitled to director compensation. We pay each Independent Director an annual fee of $100,000. They also receive reimbursements of reasonable out-of-pocket expenses incurred in connection with attending each regular Board meeting in person or telephonically. We also reimburse each of the directors for all reasonable and authorized business expenses in accordance with our policies as in effect from time to time, including reimbursement of reasonable out-of-pocket expenses incurred in connection with attending each committee meeting not held concurrently with a Board meeting.

The following table sets forth the compensation received by our directors for the year ended December 31, 2024.

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| | | | |
|:---|:---|:---|:---|
| **Name** | **Aggregate**<br> **Compensation** <br> **From Fund<sup>1</sup>** | **Pension or**<br> **Retirement<br> Benefits<br> Accrued** <br> **As Part of<br> Fund<br> Expenses<sup>2</sup>** | **Total** |
| ***Interested Directors*** |  |  |  |
| Sohail Prasad |  |  |  |
| ***Independent Directors*** |  |  |  |
| Travis Mason | $100000 |  | $100000 |
| Lee Daley | $100000 |  | $100000 |
| Lisa Nelson | $100000 |  | $100000 |

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<sup>1</sup> For discussion of the independent directors' compensation, see above.

<sup>2</sup> We do not maintain a stock or option plan, non-equity incentive plan or pension plan for our directors.

**Officer Compensation**

None of our officers who are also officers or employees of our Adviser will receive direct compensation from us. We do not currently have any employees and do not expect to have any employees. Services necessary for our business are provided by individuals who are employees or officers of our Adviser or by individuals who were contracted by us or our Adviser to work on our behalf. We have outsourced the functions of our Chief Financial Officer and Chief Compliance Officer to employees of PINE Advisers LLC ("PINE"). PINE receives a monthly fee for services provided to us and we reimburse PINE for certain out-of-pocket expenses incurred on our behalf. For the fiscal year ended December 31, 2024, none of our officers received aggregate compensation from us in excess of $60,000.

**Material Non-Public Information** 

The Company's senior management, members of the Adviser's investment committee and other investment professionals from the Adviser may serve as directors of, or in a similar capacity with, companies in which the Company invests or in which the Company is considering making an investment. Through these and other relationships with a company, these individuals may obtain material non-public information that might restrict the Company's ability to buy or sell the securities of such company under the policies of the company or applicable law.

**Required Vote** 

The affirmative vote of the plurality of votes cast on the proposal will determine the outcome of the proposal. For the proposal, "withhold" votes and broker non-votes, if any, will count as Shares represented at the meeting for purpose of establishing a quorum but will have no effect on the outcome of the vote.

**THE BOARD UNANIMOUSLY RECOMMENDS THAT YOU VOTE<br> "FOR" EACH DIRECTOR NOMINEE.**

**PROPOSAL 2: RATIFICATION OF SELECTION OF<br> INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** 

For the fiscal year ended December 31, 2024, Marcum LLP served as our independent registered public accounting firm. Marcum LLP was dismissed by the Company's Audit Committee on September 8, 2025. Marcum served as the Company's independent registered public accounting firm since the Company's inception. The audit reports of Marcum on the Company's financial statements as of and for the fiscal years ended December 31, 2023 and 2024 did not contain an adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles.

During the fiscal years ended December 31, 2023 and 2024 and through September 8, 2025, there were no disagreements with Marcum on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Marcum, would have caused it to make reference to the subject matter of such disagreements in connection with its reports, nor were there any "reportable events", as such term is described in Item 304(a)(1)(v) of Regulation S-K promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act").

On September 8, 2025, the Board, including the Audit Committee, which consists solely of Independent Directors, selected KPMG LLP ("KPMG") to serve as our independent registered public accounting firm for the fiscal year ending December 31, 2025.

During the two most recent fiscal years and through September 8, 2025, the date of the appointment of KPMG, neither the Company nor any person on its behalf has consulted with KPMG with respect to either (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company's consolidated financial statements or (ii) any matter that was either the subject of a "disagreement" or a "reportable event" as such terms are described in Items 304(a)(1)(iv) or 304(a)(1)(v), respectively, of Regulation S-K promulgated under the Exchange Act

KPMG has advised us that neither the firm nor any present member or associate of it have any material financial interest, direct or indirect, in us or our affiliates. It is expected that a representative of KPMG will be present at the Annual Meeting and will have an opportunity to make a statement if he or she chooses and will be available to answer questions.

**Principal Accountant Fees and Services** 

The following aggregate fees by Marcum LLP were billed for work attributable to audit, tax and other services provided to the Company the fiscal years ended December 31, 2024 and December 31, 2023.

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| | | |
|:---|:---|:---|
|  | **Fiscal Year <br> Ended<br> December 31,<br> 2024** | **Fiscal Year<br> Ended<br> December 31,<br> 2023** |
| Audit Fees<sup>1</sup> | $412000 | $250000 |
| Audit-Related Fees<sup>2</sup> | $62265 | $45000 |
| Tax Fees<sup>3</sup> | $11000 | $17000 |
| All Other Fees<sup>4</sup> | - | - |
| Total Fees: | $485265 | $312000 |

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<sup>1</sup> Audit fees include fees for services that normally would be provided by the accountant in connection with statutory and regulatory filings or engagements and that generally only the independent accountant can provide. In addition to fees for the audit of our annual financial statements and the review of our quarterly financial statements in accordance with generally accepted auditing standards, this category contains fees for comfort letters, consents, and review of documents filed with the SEC.

<sup>2</sup> Audit-related fees are assurance-related services that traditionally are performed by the independent accountant, such as attest services that are not required by statute or regulation.

<sup>3</sup> Tax fees include professional fees for tax compliance and tax advice.

<sup>4</sup> All other fees would include fees for products and services other than the services reported above.

During the fiscal year ended December 31, 2024, the non-audit fees billed by Marcum LLP to the Adviser, and any entity controlling, controlled by, or under common control with the Adviser that provides ongoing services to the Company was $0.

**Pre-Approval Policy** 

The Audit Committee has established a pre-approval policy that describes the permitted audit, audit-related, tax and other services to be provided by KPMG. The policy requires that the Audit Committee pre-approve all audit and non-audit services performed by the independent auditor in order to assure that the provision of such service does not impair the auditor's independence. In accordance with the pre-approval policy, the Audit Committee includes every year a discussion and pre-approval of such services and the expected costs of such services for the year.

Any requests for audit, audit-related, tax and other services that have not received general pre-approval at the first Audit Committee meeting of the year must be submitted to the Audit Committee for specific pre-approval, irrespective of the amount, and cannot commence until such approval has been granted. Normally, pre-approval is provided at regularly scheduled meetings of the Audit Committee. However, the Audit Committee may delegate pre-approval authority to one or more of its members. The member or members to whom such authority is delegated shall report any pre-approval decisions to the Audit Committee at its next scheduled meeting. The Audit Committee does not delegate its responsibilities to pre-approve services performed by the independent registered public accounting firm to management.

During the fiscal year ended December 31, 2024, 100% of the non-audit services were approved pursuant to the pre-approval waiver requirement set forth in Rule 2-01(c)(7)(i)(C) of Regulation S-X.

**AUDIT COMMITTEE REPORT**

As part of its oversight of the Company's financial statements, the Audit Committee reviewed and discussed with both management and Marcum LLP ("Marcum") the Company's financial statements to be filed with the SEC for the fiscal year ended December 31, 2024. Management advised the Audit Committee that all financial statements were prepared in accordance with U.S. GAAP, and reviewed significant accounting matters with the Audit Committee. The Audit Committee also discussed with Marcum the matters required to be discussed by Public Company Accounting Oversight Board ("PCAOB") Auditing Standard 1301: Communications with Audit Committees. PCAOB Auditing Standard 1301 requires our independent registered public accounting firm to discuss with our Audit Committee, among other things, the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· methods used to account for significant unusual transactions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the effect of significant accounting policies in controversial or emerging areas for which there is a lack of authoritative guidance or consensus;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the process used by management in formulating particularly sensitive accounting estimates and the basis for the auditors' conclusions regarding the reasonableness of those estimates; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· disagreements with management over the application of accounting principles, the basis for management's accounting estimates and the disclosures in the financial statements.

Additionally, the Audit Committee has discussed with Marcum the matters required to be discussed by PCAOB Auditing Standard 2410: Related Parties.

The Audit Committee received and reviewed the written disclosures from Marcum required by the applicable PCAOB rule regarding the independent registered public accounting firm's communications with audit committees concerning independence, and has discussed with Marcum its independence. The Audit Committee has reviewed the audit fees paid by the Company to Marcum. It has also reviewed non-audit services and fees to assure compliance with the Company's and the Audit Committee's policies restricting Marcum. from performing services that might impair its independence.

Based on the reviews and discussions referred to above, the Audit Committee recommended to the Board that the Company's financial statements as of and for the year ended December 31, 2024 be included in the Company's Annual Report on Form N-CSR filed with the SEC.

Respectfully Submitted,

Audit Committee Members

Lisa Nelson

Travis Mason

Lee Daley

**Required Vote**

The affirmative vote of the majority of votes cast on the proposal will determine the outcome of the proposal. For the proposal, "abstain" votes and broker non-votes, if any, will count as shares represented at the meeting for purpose of establishing a quorum but will have no effect on the outcome of the vote.

**THE BOARD RECOMMENDS THAT YOU VOTE "FOR" THE RATIFICATION OF THE SELECTION OF KPMG AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE COMPANY FOR THE FISCAL YEAR ENDING DECEMBER 31, 2025.**

**OTHER MATTERS TO COME BEFORE THE ANNUAL MEETING** 

The Board is not aware of any matters that will be presented for action at the Annual Meeting other than the matters set forth herein. Should any other matters requiring a vote of shareholders arise, it is intended that the proxies that do not contain specific instructions to the contrary will be voted in accordance with the judgment of the persons named in the enclosed form of proxy.

**SUBMISSION OF SHAREHOLDER PROPOSALS** 

**Inclusion of Proposals in Our Proxy Statement and Proxy Card Under the SEC's Rules**

The Company expects that the 2026 annual meeting of shareholders will be held in October or November 2026, but the exact date, time and location of such meeting have yet to be determined. Any proposal of a shareholder intended to be included in our proxy statement and form of proxy/voting instruction card for the 2026 annual meeting of shareholders pursuant to Rule 14a-8 under the Exchange Act must be received by us on or before June 19, 2026. Such proposals must also comply with the requirements as to form and substance established by the SEC if such proposals are to be included in the proxy statement and form of proxy. All proposals should be addressed to Ethan Silver, Secretary, 1401 Lavaca Street, #144, Austin, TX 78701.

Shareholder proposals or director nominations to be presented at the 2026 annual meeting of shareholders, other than shareholder proposals submitted pursuant to Rule 14a-8 under the Exchange Act, must be submitted in accordance with the advance notice procedures and other requirements set forth in our bylaws. These requirements are separate from the requirements discussed above to have the shareholder nomination or other proposal included in our proxy statement and form of proxy/voting instruction card pursuant to the SEC's rules.

Our bylaws require that the proposal or recommendation for director nominations must be delivered to, or mailed and received at, the principal executive offices of the Company not earlier than May 20, 2026, the 150th day prior to the one year anniversary of the date of the Company's proxy statement for the preceding year's annual meeting, and not later than 5:00 P.M. Eastern Time on June 19, 2026, the 120th day prior to the first anniversary of the date of the proxy statement for the preceding year's annual meeting. If the date of the annual meeting has changed by more than 30 days from the first anniversary of the date of the preceding year's annual meeting, shareholder proposals or director nominations must be so received not earlier than the 150th day prior to the date of such annual meeting and not later than 5:00 P.M. Eastern Time on the 120th day prior to the date of such annual meeting or the tenth day following the day on which public announcement of the date of such meeting is first made.

**HOUSEHOLDING**

Mailings for multiple shareholders going to a single household are combined by delivering to that address, in a single envelope, a copy of the documents (prospectuses, proxy statements, etc.) or other communications for all shareholders who have consented or are deemed to have consented to receiving such communications in such manner in accordance with the rules promulgated by the SEC. If you do not want to continue to receive combined mailings of Company communications and would prefer to receive separate mailings of Company communications, please contact the Company by telephone at (415) 639-9966 or by mail to 1401 Lavaca Street, #144, Austin, TX 78701

**AVAILABLE INFORMATION**

Copies of the Company's annual and semi-annual N-CSR reports are available on the Company's website (https://d.xyz/tech100) or without charge, upon request. Please contact the Company by telephone at (415) 639-9966 or mail your request to 1401 Lavaca Street, #144, Austin, TX 78701.

**PLEASE VOTE PROMPTLY BY FOLLOWING THE INSTRUCTIONS ON THE NOTICE OF INTERNET AVAILABILITY OF PROXY MATERIALS TO VOTE YOUR PROXY VIA THE INTERNET OR REQUESTING, COMPLETING, SIGNING, DATING AND RETURNING A PROXY CARD.**

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