# EDGAR Filing Document

**Accession Number:** 0001854794
**File Stem:** 0001085146-25-005394
**Filing Date:** 2025-8
**Character Count:** 19197
**Document Hash:** cec6a6ceb2cc0521a3413f4241f11321
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-25-005394.hdr.sgml**: 20250821

**ACCESSION NUMBER**: 0001085146-25-005394

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250821

**EFFECTIVENESS DATE**: 20250821

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Patient Capital Management, LLC
- **CENTRAL INDEX KEY:** 0001854794

**ORGANIZATION NAME:**
- **EIN:** 844277115
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-22004
- **FILM NUMBER:** 251238086

**BUSINESS ADDRESS:**
- **STREET 1:** ONE SOUTH STREET, SUITE 2101
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202
- **BUSINESS PHONE:** 410-454-3130

**MAIL ADDRESS:**
- **STREET 1:** ONE SOUTH STREET, SUITE 2101
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0001854794

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Institutional Manager

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** Patient Capital Management, LLC

**Address:** ONE SOUTH STREET, SUITE 2101, BALTIMORE, MD 21202

**Telephone number:** 410-454-3104

**Name of agent for service:** —

**Agent Address:** —, —, — —

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 028-22004

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** 98450071DD4R05AC7677

**Report Type (check only one):**

Institutional Manager.

- [x] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [ ] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 0

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                      | CUSIP     | MEETING DATE   | VOTE DESCRIPTION                                                                                                                                                                                            | VOTE CATEGORY                |   SHARES VOTED |   SHARES ON LOAN | HOW VOTED   |   SHARES VOTED FOR OR AGAINST MANAGEMENT | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| Precigen, Inc.                      | 74017N105 | 07/05/2024     | Company Proposal - Advisory vote to approve executive compensation.                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |        1913295 |                0 | FOR         |                                  1913295 | FOR                         |  |
| Everi Holdings Inc.                 | 30034T103 | 11/14/2024     | Approval, on an advisory (non-binding) basis, of the "golden parachute" compensation payments that will or may be paid by the Company to its named executive officers in connection with the Merger.        | SECTION 14A SAY-ON-PAY VOTES |         305642 |                0 | FOR         |                                   305642 | FOR                         |  |
| Peloton Interactive, Inc.           | 70614W100 | 12/03/2024     | Approval, on a non-binding advisory basis, of the compensation of our named executive officers as disclosed in the Proxy Statement.                                                                         | SECTION 14A SAY-ON-PAY VOTES |         463498 |                0 | AGAINST     |                                   463498 | AGAINST                     |  |
| QXO, Inc.                           | 82846H405 | 12/09/2024     | Advisory vote to approve executive compensation.                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |          54143 |                0 | FOR         |                                    54143 | FOR                         |  |
| QXO, Inc.                           | 82846H405 | 12/09/2024     | Advisory vote on the frequency of future advisory votes to approve executive compensation.                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |          54143 |                0 | ONE YEAR    |                                    54143 | FOR                         |  |
| Lennar Corporation                  | 526057302 | 04/09/2025     | Approval, on an advisory basis, of the compensation of our named executive officers.                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          12500 |                0 | FOR         |                                    12500 | FOR                         |  |
| Citigroup Inc.                      | 172967424 | 04/29/2025     | Advisory vote to approve our 2024 Executive Compensation.                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |         162758 |                0 | FOR         |                                   162758 | FOR                         |  |
| Carvana Co.                         | 146869102 | 05/05/2025     | To consider the approval, by an advisory vote, of the compensation of our named executive officers as disclosed in the Proxy Statement ("say-on-pay");                                                      | SECTION 14A SAY-ON-PAY VOTES |           8398 |                0 | FOR         |                                     8398 | FOR                         |  |
| Carvana Co.                         | 146869102 | 05/05/2025     | To recommend, by an advisory vote, the frequency of future advisory votes on the compensation of our named executive officers ("say-on-pay frequency");                                                     | SECTION 14A SAY-ON-PAY VOTES |           8398 |                0 | ONE YEAR    |                                     8398 | FOR                         |  |
| QXO, Inc.                           | 82846H405 | 05/12/2025     | Advisory vote to approve executive compensation.                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |         823091 |                0 | FOR         |                                   823091 | FOR                         |  |
| Royalty Pharma Plc                  | G7709Q104 | 05/12/2025     | A non-binding advisory vote to approve executive compensation that may become payable in connection with the transaction contemplated by the Membership Interest Purchase Agreement.                        | SECTION 14A SAY-ON-PAY VOTES |         351023 |                0 | FOR         |                                   351023 | FOR                         |  |
| Royalty Pharma Plc                  | G7709Q104 | 05/12/2025     | A non-binding advisory vote to approve executive compensation.                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |         351023 |                0 | FOR         |                                   351023 | FOR                         |  |
| Seadrill Limited                    | G7997W102 | 05/14/2025     | To conduct an advisory vote to approve the compensation of our named executive officers for 2024.                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |         220292 |                0 | FOR         |                                   220292 | FOR                         |  |
| Seadrill Limited                    | G7997W102 | 05/14/2025     | To conduct an advisory vote to approve the frequency of future advisory votes to approve executive compensation.                                                                                            | SECTION 14A SAY-ON-PAY VOTES |         220292 |                0 | ONE YEAR    |                                   220292 | FOR                         |  |
| CVS Health Corporation              | 126650100 | 05/15/2025     | Say on Pay, a Proposal to Approve, on an Advisory Basis, the Company's Executive Compensation.                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |         157274 |                0 | AGAINST     |                                   157274 | AGAINST                     |  |
| JPMorgan Chase  Co.                 | 46625H100 | 05/20/2025     | Advisory resolution to approve executive compensation                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          29355 |                0 | FOR         |                                    29355 | FOR                         |  |
| Amazon.com, Inc.                    | 023135106 | 05/21/2025     | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |          64778 |                0 | FOR         |                                    64778 | FOR                         |  |
| Illumina, Inc.                      | 452327109 | 05/21/2025     | To approve, on an advisory basis, the compensation of the named executive officers as disclosed in the Proxy Statement.                                                                                     | SECTION 14A SAY-ON-PAY VOTES |          50922 |                0 | FOR         |                                    50922 | FOR                         |  |
| United Airlines Holdings, Inc.      | 910047109 | 05/21/2025     | A vote to approve, on a nonbinding advisory basis, the compensation of our named executive officers.                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          82515 |                0 | FOR         |                                    82515 | FOR                         |  |
| APA CORPORATION                     | 03743Q108 | 05/22/2025     | Advisory Vote to Approve Compensation of APA's Named Executive Officers                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |          50000 |                0 | FOR         |                                    50000 | FOR                         |  |
| Mattel, Inc.                        | 577081102 | 05/28/2025     | Advisory vote to approve named executive officer compensation ("Say-on-Pay"), as described in the Mattel, Inc. Proxy Statement.                                                                             | SECTION 14A SAY-ON-PAY VOTES |         241302 |                0 | FOR         |                                   241302 | FOR                         |  |
| Meta Platforms, Inc.                | 30303M102 | 05/28/2025     | To approve, on a non-binding advisory basis, the compensation program for Meta Platforms, Inc.'s named executive officers as disclosed in Meta Platforms, Inc.'s proxy statement.                           | SECTION 14A SAY-ON-PAY VOTES |          16238 |                0 | AGAINST     |                                    16238 | AGAINST                     |  |
| Meta Platforms, Inc.                | 30303M102 | 05/28/2025     | To vote, on a non-binding advisory basis, whether a non-binding advisory vote on the compensation program for Meta Platforms, Inc.'s named executive officers should be held every one, two or three years. | SECTION 14A SAY-ON-PAY VOTES |          16238 |                0 | ONE YEAR    |                                    16238 | AGAINST                     |  |
| SoFi Technologies, Inc.             | 83406F102 | 05/28/2025     | To approve, on a non-binding advisory basis, the compensation of the Company's named executive officers.                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |         393888 |                0 | FOR         |                                   393888 | FOR                         |  |
| Expedia Group, Inc.                 | 30212P303 | 06/03/2025     | Approval, on an advisory basis, of the compensation of Expedia Group's named executive officers.                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |          40229 |                0 | AGAINST     |                                    40229 | AGAINST                     |  |
| General Motors Company              | 37045V100 | 06/03/2025     | Advisory Approval of Named Executive Officer Compensation                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |         154271 |                0 | FOR         |                                   154271 | FOR                         |  |
| Clear Secure, Inc.                  | 18467V109 | 06/05/2025     | Approval of, on an advisory basis, the compensation of our named executive officers.                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         125000 |                0 | FOR         |                                   125000 | FOR                         |  |
| Kosmos Energy Ltd.                  | 500688106 | 06/05/2025     | To provide a non-binding, advisory vote to approve named executive officer compensation.                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |        1864706 |                0 | FOR         |                                  1864706 | FOR                         |  |
| Crocs, Inc.                         | 227046109 | 06/10/2025     | An advisory vote to approve the compensation of our named executive officers.                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |          49676 |                0 | FOR         |                                    49676 | FOR                         |  |
| Norwegian Cruise Line Holdings Ltd. | G66721104 | 06/12/2025     | Approval, on a non-binding, advisory basis, of the compensation of our named executive officers                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |         464526 |                0 | FOR         |                                   464526 | FOR                         |  |
| Biogen Inc.                         | 09062X103 | 06/17/2025     | Say on Pay - To hold an advisory vote on executive compensation.                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |          43435 |                0 | AGAINST     |                                    43435 | AGAINST                     |  |
| Coinbase Global, Inc.               | 19260Q107 | 06/18/2025     | Approval, on a non-binding advisory basis, of the compensation of our named executive officers.                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |          26452 |                0 | FOR         |                                    26452 | FOR                         |  |
| Dave  Buster's Entertainment, Inc.  | 238337109 | 06/18/2025     | Advisory Vote on Executive Compensation                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |         240068 |                0 | FOR         |                                   240068 | FOR                         |  |
| IAC Inc.                            | 44891N208 | 06/18/2025     | To approve a non-binding advisory vote on IAC's 2024 executive compensation.                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |         177967 |                0 | FOR         |                                   177967 | FOR                         |  |
| Delta Air Lines, Inc.               | 247361702 | 06/19/2025     | To approve, on an advisory basis, the compensation of Delta's named executive officers.                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |         118363 |                0 | FOR         |                                   118363 | FOR                         |  |
| NVIDIA Corporation                  | 67066G104 | 06/25/2025     | Advisory approval of our executive compensation.                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |          79034 |                0 | FOR         |                                    79034 | FOR                         |  |
| Precigen, Inc.                      | 74017N105 | 06/26/2025     | Company Proposal - Advisory vote to approve executive compensation.                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |        1847939 |                0 | FOR         |                                  1847939 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Patient Capital Management, LLC

**By (Signature):** Milton Dodge

**By (Printed Signature):** Milton Dodge

**By (Title):** Chief Compliance Officer

**Date:** 08/20/2025