# EDGAR Filing Document

**Accession Number:** 0001543568
**File Stem:** 0001543568-26-000006
**Filing Date:** 2026-2
**Character Count:** 9443
**Document Hash:** 853ea1177eb06c1d532375a9ce1b0402
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001543568-26-000006.hdr.sgml**: 20260219

**ACCESSION NUMBER**: 0001543568-26-000006

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260219

**DATE AS OF CHANGE**: 20260219

**EFFECTIVENESS DATE**: 20260219

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Connective Capital Management, LLC
- **CENTRAL INDEX KEY:** 0001543568

**ORGANIZATION NAME:**
- **EIN:** 201968333
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15202
- **FILM NUMBER:** 26654035

**BUSINESS ADDRESS:**
- **STREET 1:** 720 UNIVERSITY AVENUE
- **CITY:** PALO ALTO
- **STATE:** CA
- **ZIP:** 94301
- **BUSINESS PHONE:** (650) 321-4545

**MAIL ADDRESS:**
- **STREET 1:** 720 UNIVERSITY AVENUE
- **CITY:** PALO ALTO
- **STATE:** CA
- **ZIP:** 94301

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Connective Capital Management LLC<br>**Address:** 720 UNIVERSITY AVENUE<br>PALO ALTO, CA 94301

**Form 13F File Number:** 028-15202

**CRD Number (if applicable):** 000161099

**SEC File Number (if applicable):** 801-74339

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Tao Long<br>**Title:** Chief Compliance Officer<br>**Phone:** (650) 321-4545

**Signature, Place, and Date of Signing:**

Tao Long  Palo Alto, CA  02-10-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 57

**Form 13F Information Table Value Total:** $170250640

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| APPLE INC | COM | 037833100 |  | 5268375 | 19379 | SH |  | SOLE |  | 19379 | 0 | 0 |
| ABOVE FOOD INGREDIENTS INC | *W EXP 06/28/202 | 00373V118 |  | 8750 | 24999 | SH |  | SOLE |  | 0 | 0 | 24999 |
| ARCHER AVIATION INC | COM CL A | 03945R102 |  | 1017539 | 135311 | SH |  | SOLE |  | 135311 | 0 | 0 |
| AMBARELLA INC | SHS | G037AX101 |  | 1028313 | 14516 | SH |  | SOLE |  | 14516 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 2145472 | 9295 | SH |  | SOLE |  | 9295 | 0 | 0 |
| ANTALPHA PLATFORM HLDG CO | SHS CL A | G0395R106 |  | 190859 | 21469 | SH |  | SOLE |  | 21469 | 0 | 0 |
| MOBILE INFRASTRUCTURE CORP | COM SHS | 60739N101 |  | 189993 | 74507 | SH |  | SOLE |  | 74507 | 0 | 0 |
| BYRNA TECHNOLOGIES INC | COM NEW | 12448X201 |  | 650260 | 38729 | SH |  | SOLE |  | 38729 | 0 | 0 |
| CABLE ONE INC | COM | 12685J105 |  | 241950 | 2144 | SH |  | SOLE |  | 2144 | 0 | 0 |
| CAMECO CORP | COM | 13321L108 |  | 4119703 | 45029 | SH |  | SOLE |  | 45029 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 319356 | 904 | SH |  | SOLE |  | 904 | 0 | 0 |
| CLEANSPARK INC | *W EXP 12/29/202 | 18452B118 |  | 6498 | 17500 | SH |  | SOLE |  | 0 | 0 | 17500 |
| DIGITAL BRANDS GROUP INC | COM NEW | 25401N507 |  | 876226 | 69103 | SH |  | SOLE |  | 69103 | 0 | 0 |
| DEFI TECHNOLOGIES INC | COM | 244916102 |  | 137953 | 182816 | SH |  | SOLE |  | 182816 | 0 | 0 |
| DOMINARI HOLDINGS INC | COM NEW | 008875304 |  | 954439 | 192816 | SH |  | SOLE |  | 192816 | 0 | 0 |
| ISHARES ETHEREUM TR | SHS | 46438R105 |  | 288966 | 12883 | SH |  | SOLE |  | 12883 | 0 | 0 |
| VERTICAL AEROSPACE LTD | SHS NEW | G9471C206 |  | 1084165 | 203408 | SH |  | SOLE |  | 203408 | 0 | 0 |
| FIDELITY WISE ORIGIN BITCOIN | SHS | 315948109 |  | 301871 | 3960 | SH |  | SOLE |  | 3960 | 0 | 0 |
| VANECK GOLD MINERS ETF | GOLD MINERS ETF | 92189F106 |  | 541209 | 6310 | SH |  | SOLE |  | 6310 | 0 | 0 |
| VANECK JUNIOR GOLD MINERS ETF | JUNIOR GOLD MINE | 92189F791 |  | 943691 | 8294 | SH |  | SOLE |  | 8294 | 0 | 0 |
| SPDR GOLD SHARES | GOLD SHS | 78463V107 |  | 1326053 | 3346 | SH |  | SOLE |  | 3346 | 0 | 0 |
| GLOBAVEND HOLDINGS LTD | SHS NEW | G3R39B116 |  | 253191 | 175827 | SH |  | SOLE |  | 175827 | 0 | 0 |
| INTERACTIVE BROKERS GROUP IN | COM CL A | 45841N107 |  | 1006837 | 15656 | SH |  | SOLE |  | 15656 | 0 | 0 |
| IMMUNIC INC | COM | 4525EP101 |  | 160802 | 301296 | SH |  | SOLE |  | 301296 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 13248293 | 23392 | SH |  | SOLE |  | 23392 | 0 | 0 |
| ISHARES TR | RUS 2000 GRW ETF | 464287648 |  | 4345454 | 13453 | SH |  | SOLE |  | 13453 | 0 | 0 |
| JEFFERIES FINL GROUP INC | COM | 47233W109 |  | 236725 | 3820 | SH |  | SOLE |  | 3820 | 0 | 0 |
| KODIAK AI INC | COM | 500081104 |  | 435064 | 39841 | SH |  | SOLE |  | 39841 | 0 | 0 |
| AEYE INC | CL A NEW | 008183204 |  | 255736 | 138987 | SH |  | SOLE |  | 138987 | 0 | 0 |
| LISATA THERAPEUTICS INC | COM | 128058302 |  | 1890 | 1016 | SH |  | SOLE |  | 1016 | 0 | 0 |
| MEDICUS PHARMA LTD | *W EXP 11/15/202 | 58471K111 |  | 4800 | 6000 | SH |  | SOLE |  | 0 | 0 | 6000 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 2880392 | 1430 | SH |  | SOLE |  | 1430 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 1042282 | 1579 | SH |  | SOLE |  | 1579 | 0 | 0 |
| MOBIX LABS INC | *W EXP 99/99/999 | 60743G118 |  | 2016 | 22397 | SH |  | SOLE |  | 0 | 0 | 22397 |
| MICROSOFT CORP | COM | 594918104 |  | 6941881 | 14354 | SH |  | SOLE |  | 14354 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 1185126 | 12640 | SH |  | SOLE |  | 12640 | 0 | 0 |
| ONCOLYTICS BIOTECH INC | COM NEW | 682310875 |  | 131397 | 150340 | SH |  | SOLE |  | 150340 | 0 | 0 |
| ONDAS INC | COM NEW | 68236H204 |  | 668433 | 68487 | SH |  | SOLE |  | 68487 | 0 | 0 |
| PERPETUA RESOURCES CORP | COM | 714266103 |  | 12105 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| PROFOUND MEDICAL CORP | COM NEW | 74319B502 |  | 787000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| PROSHARES TR | PSHS ULTRA QQQ | 74347R206 |  | 7457686 | 105918 | SH |  | SOLE |  | 105918 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 20084251 | 32694 | SH |  | SOLE |  | 32694 | 0 | 0 |
| VICARIOUS SURGICAL INC | COM CL A NEW | 92561V208 |  | 66508 | 30649 | SH |  | SOLE |  | 30649 | 0 | 0 |
| APTERA MOTORS CORP | COM CL B | 03835W104 |  | 136070 | 31718 | SH |  | SOLE |  | 31718 | 0 | 0 |
| SIDUS SPACE INC | CL A COM NEW | 826165201 |  | 219800 | 70000 | SH |  | SOLE |  | 70000 | 0 | 0 |
| ABRDN PHYSICAL SILVER SHARES ETF | PHYSCL SILVR SHS | 003264108 |  | 463266 | 6849 | SH |  | SOLE |  | 6849 | 0 | 0 |
| SNAIL INC | CLASS A COM | 83301J100 |  | 137371 | 154523 | SH |  | SOLE |  | 154523 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 649623 | 1383 | SH |  | SOLE |  | 1383 | 0 | 0 |
| SOCIETY PASS INC | COM NEW | 83370P201 |  | 281534 | 74088 | SH |  | SOLE |  | 74088 | 0 | 0 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 1706707 | 2939 | SH |  | SOLE |  | 2939 | 0 | 0 |
| TRISALUS LIFE SCIENCES INC | COM | 89680M101 |  | 228916 | 32796 | SH |  | SOLE |  | 32796 | 0 | 0 |
| CREATEAL HOLDINGS INC | COM | 90089L108 |  | 68822 | 332473 | SH |  | SOLE |  | 332473 | 0 | 0 |
| UNUSUAL MACHS INC | COM SHS | 91532F102 |  | 404049 | 31715 | SH |  | SOLE |  | 31715 | 0 | 0 |
| VANGUARD 500 INDEX FUND | S 500 ETF SHS | 922908363 |  | 81595884 | 130110 | SH |  | SOLE |  | 130110 | 0 | 0 |
| VISHAY PRECISION GROUP INC | COM | 92835K103 |  | 457573 | 11885 | SH |  | SOLE |  | 11885 | 0 | 0 |
| SPDR SERIES TRUST - SPDR S BIOTECH ETF | STATE STREET SPD | 78464A870 |  | 977025 | 8013 | SH |  | SOLE |  | 8013 | 0 | 0 |
| XTAO INC | COM | G9T27M103 |  | 74490 | 139000 | SH |  | SOLE |  | 139000 | 0 | 0 |

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