# EDGAR Filing Document

**Accession Number:** 0001979634
**File Stem:** 0001493152-26-007152
**Filing Date:** 2026-2
**Character Count:** 6547
**Document Hash:** 83b40de5cb01c1da49bd9d3686ab5d60
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-26-007152.hdr.sgml**: 20260217

**ACCESSION NUMBER**: 0001493152-26-007152

**CONFORMED SUBMISSION TYPE**: 253G2

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260217

**DATE AS OF CHANGE**: 20260217

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Masterworks Vault 2, LLC
- **CENTRAL INDEX KEY:** 0001979634
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-RETAIL STORES, NEC [5990]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 931570482
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 253G2
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 024-12271
- **FILM NUMBER:** 26642326

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

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

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

**File No. 024-12271**

**SUPPLEMENT NO. 10 DATED FEBRUARY 17, 2026**

**MASTERWORKS VAULT 2, LLC**

![](form253g2_001.jpg)

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

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

*"Sharpe Ratio"*

---

| | |
|:---|:---|
| &nbsp;&nbsp;Artist | &nbsp;&nbsp;Sharpe Ratio |
| &nbsp;&nbsp;Banksy | &nbsp;&nbsp;1.13 |
| &nbsp;&nbsp;Ernie Barnes | &nbsp;&nbsp;N/A |
| &nbsp;&nbsp;Sam Gilliam | &nbsp;&nbsp;0.78 |
| &nbsp;&nbsp;Barbara Kruger | &nbsp;&nbsp;1.30 |
| &nbsp;&nbsp;Christine Ay Tjoe | &nbsp;&nbsp;0.84 |
| &nbsp;&nbsp;Matthew Wong | &nbsp;&nbsp;N/A |
| &nbsp;&nbsp;Lynette Yiadom-Boakye | &nbsp;&nbsp;N/A |

---

 

*Record Price Appreciation*

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Artist | Compound <br>Annual <br>Growth Rate <br>("CAGR") | First Record <br>Price | First Record <br>Price Date | Last Record <br>Price | Last Record <br>Price Date |
| &nbsp;&nbsp;Banksy | 54.8% | $1591 | &nbsp;&nbsp;November 18, 2003 | $25400861 | &nbsp;&nbsp;December 31, 2025 |
| &nbsp;&nbsp;Ernie Barnes | 31.6% | $1656 | &nbsp;&nbsp;October 25, 1992 | $15275000 | &nbsp;&nbsp;December 31, 2025 |
| &nbsp;&nbsp;Sam Gilliam | 21.8% | $3720 | &nbsp;&nbsp;March 20, 1993 | $2429000 | &nbsp;&nbsp;December 31, 2025 |
| &nbsp;&nbsp;Barbara Kruger | 8.8% | $66000 | &nbsp;&nbsp;May 2, 1988 | $1562500 | &nbsp;&nbsp;December 31, 2025 |
| &nbsp;&nbsp;Christine Ay Tjoe | 38.9% | $4011 | &nbsp;&nbsp;November 26, 2006 | $2148959 | &nbsp;&nbsp;December 31, 2025 |
| &nbsp;&nbsp;Matthew Wong | 26.6% | $1820000 | &nbsp;&nbsp;June 29, 2020 | $6662195 | &nbsp;&nbsp;December 31, 2025 |
| &nbsp;&nbsp;Lynette Yiadom-Boakye | 36.0% | $83905 | &nbsp;&nbsp;October 17, 2013 | $3595571 | &nbsp;&nbsp;December 31, 2025 |

---

*Median Repeat Sale Pair Appreciation*

---

| | | | | |
|:---|:---|:---|:---|:---|
| Artist | Median Repeat <br>Sale Pair <br>Appreciation Rate | Number of<br> Repeat Sales | First Repeat<br> Sale Pair Date | Last Repeat<br> Sale Pair Date |
| &nbsp;&nbsp;Banksy | 14.0% | 34 | &nbsp;&nbsp;February 7, 2007 | &nbsp;&nbsp;November 19, 2025 |
| &nbsp;&nbsp;Ernie Barnes | N/A | N/A | &nbsp;&nbsp;N/A | &nbsp;&nbsp;N/A |
| &nbsp;&nbsp;Sam Gilliam | 18.1% | 21 | &nbsp;&nbsp;September 21, 2003 | &nbsp;&nbsp;July 8, 2025 |
| &nbsp;&nbsp;Barbara Kruger | 13.9% | 16 | &nbsp;&nbsp;November 17, 1999 | &nbsp;&nbsp;May 15, 2025 |
| &nbsp;&nbsp;Christine Ay Tjoe | 12.5% | 32 | &nbsp;&nbsp; May 22, 2001 | &nbsp;&nbsp; September 28, 2025 |
| &nbsp;&nbsp;Matthew Wong | N/A | N/A | &nbsp;&nbsp;N/A | &nbsp;&nbsp;N/A |
| &nbsp;&nbsp;Lynette Yiadom-Boakye | N/A | N/A | &nbsp;&nbsp;N/A | &nbsp;&nbsp;N/A |

---

*Artist Market Profiles*

---

| | |
|:---|:---|
| &nbsp;&nbsp;Artist | &nbsp;&nbsp;Artist Market Profiles |
| &nbsp;&nbsp;Banksy | &nbsp;&nbsp;Established |
| &nbsp;&nbsp;Ernie Barnes | &nbsp;&nbsp;Mature |
| &nbsp;&nbsp;Sam Gilliam | &nbsp;&nbsp;Emerging |
| &nbsp;&nbsp;Barbara Kruger | &nbsp;&nbsp;Emerging |
| &nbsp;&nbsp;Christine Ay Tjoe | &nbsp;&nbsp;Emerging |
| &nbsp;&nbsp;Matthew Wong | &nbsp;&nbsp;Emerging |
| &nbsp;&nbsp;Lynette Yiadom-Boakye | &nbsp;&nbsp;Emerging |

---