# EDGAR Filing Document

**Accession Number:** 0001838395
**File Stem:** 0001213900-25-120300
**Filing Date:** 2025-12
**Character Count:** 32593
**Document Hash:** e6c787552ce13280f49130ee75e10ecd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-120300.hdr.sgml**: 20251210

**ACCESSION NUMBER**: 0001213900-25-120300

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20251210

**DATE AS OF CHANGE**: 20251210

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Puerto Rico Residents Tax-Free Fund IV, Inc.
- **CENTRAL INDEX KEY:** 0001847286

**ORGANIZATION NAME:**
- **EIN:** 660528496
- **STATE OF INCORPORATION:** PR
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-93054
- **FILM NUMBER:** 251563360

**BUSINESS ADDRESS:**
- **STREET 1:** 270 MUNOZ RIVERA AVENUE
- **STREET 2:** SUITE 1110
- **CITY:** SAN JUAN
- **STATE:** PR
- **ZIP:** 00918
- **BUSINESS PHONE:** 7877641788

**MAIL ADDRESS:**
- **STREET 1:** 270 MUNOZ RIVERA AVENUE
- **STREET 2:** SUITE 1110
- **CITY:** SAN JUAN
- **STATE:** PR
- **ZIP:** 00918

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Puerto Rico Investors Tax Free Fund IV, Inc.
- **DATE OF NAME CHANGE:** 20210222
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ocean Capital LLC
- **CENTRAL INDEX KEY:** 0001838395

**ORGANIZATION NAME:**
- **EIN:** 660833476
- **STATE OF INCORPORATION:** PR
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** METRO OFFICE PARK
- **STREET 2:** 8 CALLE #1, SUITE 401
- **CITY:** GUAYNABO
- **STATE:** PR
- **ZIP:** 00968
- **BUSINESS PHONE:** 787-979-2165

**MAIL ADDRESS:**
- **STREET 1:** METRO OFFICE PARK
- **STREET 2:** 8 CALLE #1, SUITE 401
- **CITY:** GUAYNABO
- **STATE:** PR
- **ZIP:** 00968

## Ex-99.G

**Exhibit** G**

**SECOND AMENDED AND RESTATED JOINT FILING AND SOLICITATION AGREEMENT<br>PURSUANT TO RULE 13d-1(k)**

WHEREAS, certain of the undersigned are stockholders, direct or beneficial, of Puerto Rico Residents Tax-Free Fund IV, Inc., a Puerto Rico corporation (the "<u>Fund</u>");

WHEREAS, Ocean Capital LLC, a Puerto Rico limited liability company ("<u>Ocean Capital</u>"), William Heath Hawk, Brent D. Rosenthal and José R. Izquierdo II were parties to a Joint Filing Solicitation Agreement, dated November 16, 2021, pursuant to which, among other things, the parties agreed to form a group for the purposes of soliciting proxies for Ocean Capital's nominees and proposal with respect to the Fund's 2021 annual meeting of stockholders (the "<u>2021 Annual Meeting</u>");

WHEREAS, Ocean Capital LLC, William Heath Hawk, Brent D. Rosenthal and José R. Izquierdo II were parties to a First Amended Joint Filing Solicitation Agreement, dated November 25, 2024, pursuant to which, among other things, the parties agreed to form a group for the purposes of soliciting proxies for Ocean Capital's nominees and proposal with respect to the Fund's 2024 annual meeting of stockholders (the "<u>2024 Annual Meeting</u>") and

WHEREAS, Ocean Capital has notified the Fund of its intent to, among other things, nominate Messrs. Ethan A. Danial and Ian McCarthy for election as Class II directors at the Fund's 2025 annual meeting of stockholders (including any other meeting of stockholders held in lieu thereof, and any adjournments, postponements, reschedulings or continuations thereof, the "2025 Annual Meeting");

WHEREAS, Ocean Capital, William Heath Hawk, Brent D. Rosenthal, José R. Izquierdo II, Ethan A. Danial and Ian McCarthy wish to form a group (collectively, the "<u>Group</u>") for the purpose of seeking representation on the Board of Directors of the Fund (the "<u>Board</u>") at the 2025 Annual Meeting for the purpose of taking all other action necessary to achieve the foregoing;

WHEREAS, in connection with the formation of the Group, the undersigned desire to amend and restate the Joint Filing and Solicitation Agreement as set forth herein.

NOW, IT IS AGREED, this 10th day of December 2025 by the parties hereto:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. In accordance with Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934, as amended (the "<u>Exchange Act</u>"), each of the undersigned agrees to the joint filing on behalf of each of them of statements on Schedule 13D, and any amendments thereto, with respect to the securities of the Fund. Each member of the Group shall be responsible for the accuracy and completeness of his, her or its own disclosure therein, and is not responsible for the accuracy and completeness of the information concerning the other members, unless such member knows or has reason to know that such information is inaccurate. Ocean Capital or its representative shall provide each member of the Group with copies of all Schedule 13D filings and other public filings to be filed on behalf of such member at least 24 hours prior to the filing or submission thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. So long as this agreement is in effect, each of the undersigned shall provide written notice to William Heath Hawk of (i) any of their purchases or sales of securities of the Fund; or (ii) any securities of the Fund over which they acquire or dispose of beneficial ownership. Notice shall be given no later than 24 hours after each such transaction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Each of the undersigned agrees to form the Group for the purpose of (i) soliciting proxies or written consents for proposals submitted to stockholders for approval and the election of the persons nominated by the Group to the Board, each at the 2021 Annual Meeting, (ii) soliciting proxies or written consents for proposals submitted to stockholders for approval and the election of the persons nominated by the Group to the Board, each at the 2021 Annual Meeting, (iii) taking such other actions as the parties deem advisable and (iv) taking all other action necessary or advisable to achieve the foregoing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Ocean Capital shall have the right to pre-approve all expenses incurred in connection with the Group's activities and agree to pay directly all such pre-approved expenses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Each of the undersigned agrees that any SEC filing, press release or stockholder communication proposed to be made or issued by the Group or any member of the Group in connection with the Group's activities set forth herein (collectively, "<u>Communications</u>") shall be first approved by Ocean Capital, or its representatives, and by William Heath Hawk to the extent any such Communications refer to his or her, as applicable, credentials or experience, which approval shall not be unreasonably withheld.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. The relationship of the parties hereto shall be limited to carrying on the business of the Group in accordance with the terms of this Agreement. Such relationship shall be construed and deemed to be for the sole and limited purpose of carrying on such business as described herein. Nothing herein shall be construed to authorize any party to act as an agent for any other party, or to create a joint venture or partnership, or to constitute an indemnification. Nothing herein shall restrict any party's right to purchase or sell securities of the Fund, as he or it deems appropriate, in his or its sole discretion, provided that all such sales are made in compliance with all applicable securities laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. This Agreement may be executed in counterparts, each of which shall be deemed an original and all of which, taken together, shall constitute but one and the same instrument, which may be sufficiently evidenced by one counterpart.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. In the event of any dispute arising out of the provisions of this Agreement or their investment in the Fund, the parties hereto consent and submit to the exclusive jurisdiction of the Federal and State Courts in the State of Delaware.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. Any party hereto may terminate his or its obligations under this Agreement on 24 hours' written notice to all other parties, with a copy by email to William Heath Hawk, c/o: Ocean Capital LLC, [Personal Information Redacted].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. Each party acknowledges that Ocean Capital shall, in its sole discretion, select and retain counsel for both the Group and Ocean Capital and its affiliates relating to their investment in the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. Each of the undersigned parties hereby agrees that this Agreement shall be filed as an exhibit to a Schedule 13D pursuant to Rule 13d-1(k)(1)(iii) under the Exchange Act.

[Signature Page Follows]

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the day and year first above written.

---

| | |
|:---|:---|
| Ocean Capital LLC | Ocean Capital LLC |
| By: | /s/ William Heath Hawk |
| Name: | William Heath Hawk |
| Title: | Managing Member |
| /s/ William Heath Hawk | /s/ William Heath Hawk |
| William Heath Hawk | William Heath Hawk |
| /s/ Brent D. Rosenthal | /s/ Brent D. Rosenthal |
| Brent D. Rosenthal | Brent D. Rosenthal |
| /s/ José R. Izquierdo II | /s/ José R. Izquierdo II |
| José R. Izquierdo II | José R. Izquierdo II |
| /s/ Ethan A. Danial | /s/ Ethan A. Danial |
| Ethan A. Danial | Ethan A. Danial |
| /s/ Ian McCarthy | /s/ Ian McCarthy |
| Ian McCarthy | Ian McCarthy |

---

[Signature page to Joint Filing and Solicitation Agreement]

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 10)**

**Puerto Rico Residents Tax-Free Fund IV, Inc.**

*(Name of Issuer)*

**Common Shares, $0.01 par value**

*(Title of Class of Securities)*

**74527N108**

*(CUSIP Number)*

**W. Heath Hawk**<br>GAM Tower, 2 Tabonuco St.,<br>Suite 200<br>Guaynabo PR 00968<br>(770) 777-9373

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**12/08/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **74527N108** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Ocean Capital LLC** | Name of reporting person<br>**Ocean Capital LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**PR** | Citizenship or place of organization<br>**PR** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**636494.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**636494.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**636494.00** | Aggregate amount beneficially owned by each reporting person<br>**636494.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**6.9%** | Percent of class represented by amount in Row (11)<br>**6.9%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** Box 13 - The percentages used herein are calculated based upon 9,182,874 shares of common stock outstanding, which represents the shares outstanding as of November 19, 2025, according to the Issuer's preliminary proxy statement filed with the Securities and Exchange Commission (the "SEC") on December 3, 2025 (the "Fund Preliminary Proxy").

| **CUSIP No.** | **74527N108** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**William Heath Hawk** | Name of reporting person<br>**William Heath Hawk** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**636494.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**636494.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**636494.00** | Aggregate amount beneficially owned by each reporting person<br>**636494.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**6.9%** | Percent of class represented by amount in Row (11)<br>**6.9%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** Box 8 - These shares are deemed to be beneficially owned by Mr. Hawk in his capacity as managing member of Ocean Capital LLC.

Box 13 - The percentages used herein are calculated based upon 9,182,874 shares of common stock outstanding as of November 19, 2025, as disclosed in the Fund Preliminary Proxy.

| **CUSIP No.** | **74527N108** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Brent D. Rosenthal** | Name of reporting person<br>**Brent D. Rosenthal** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**0.00** | Aggregate amount beneficially owned by each reporting person<br>**0.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0.00%** | Percent of class represented by amount in Row (11)<br>**0.00%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

| **CUSIP No.** | **74527N108** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Jose R. Izquierdo II** | Name of reporting person<br>**Jose R. Izquierdo II** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**0.00** | Aggregate amount beneficially owned by each reporting person<br>**0.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0.00%** | Percent of class represented by amount in Row (11)<br>**0.00%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

| **CUSIP No.** | **74527N108** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Ethan A. Danial** | Name of reporting person<br>**Ethan A. Danial** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**441808.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**441808.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**441808.00** | Aggregate amount beneficially owned by each reporting person<br>**441808.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**4.8%** | Percent of class represented by amount in Row (11)<br>**4.8%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** Box 8 - Mr. Danial's Shared Voting Power consists of 441,708 shares owned by RAD Investments, LLC, which Mr. Danial, as one of its managers, may be deemed to beneficially own, and 100 shares owned by Mr. Danial directly.

Box 13 - The percentages used herein are calculated based upon 9,182,874 shares of common stock outstanding as of November 19, 2025, as disclosed in the Fund Preliminary Proxy.

| **CUSIP No.** | **74527N108** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Ian McCarthy** | Name of reporting person<br>**Ian McCarthy** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**0.00** | Aggregate amount beneficially owned by each reporting person<br>**0.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0.00%** | Percent of class represented by amount in Row (11)<br>**0.00%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Shares, $0.01 par value

**(b) Name of Issuer:**
Puerto Rico Residents Tax-Free Fund IV, Inc.

**(c) Address of Issuer's Principal Executive Offices:**
270 Munoz Rivera Avenue, Suite 1110, San Juan, PR, 00918

The following constitutes Amendment No. 10 ("Amendment No. 10") to the Schedule 13D filed by the undersigned with the SEC on November 17, 2021, as amended by the Amendment No. 1 filed on December 8, 2021, Amendment No. 2 filed on April 29, 2022, Amendment No. 3 filed on June 7, 2022, Amendment No. 4 filed on September 14, 2023, Amendment No. 5 filed on November 15, 2024, Amendment No. 6 filed on November 25, 2024, Amendment No. 7 filed on December 9, 2024, Amendment No. 8 filed on July 11, 2025 and Amendment No. 9 filed on December 4, 2025 (collectively, the "Schedule 13D"). This Amendment No. 10 amends the Schedule 13D as specifically set forth herein. Capitalized terms used but not defined herein have the meanings ascribed to them in the Schedule 13D.

**Item 4. Purpose of Transaction**

Item 4 is hereby supplemented to add the following paragraphs: On December 8, 2025, Ocean Capital sent a letter by email to the Issuer (the "2025 Notice") providing notice of its intent to nominate the 2025 Nominees for election to the Board at the 2025 Annual Meeting, as may be supplemented or amended. The 2025 Nominees' biographies are set forth below.

Ethan A. Danial, age 28, is a Puerto Rico-based investment professional with experience in research and trading of defaulted and restructured Puerto Rico municipal bonds. Mr. Danial has been employed as a member, authorized officer and manager at RAD Investments, LLC, an investment firm in Puerto Rico, since January 2019. Additionally, from August 2017 through October 2022, Mr. Danial was the Vice President of Caribbean Capital and Consultancy Corp., an investment firm in Puerto Rico. Since May 20, 2025, Mr. Danial has served as a director and chairman of the boardof Puerto Rico Residents Tax-Free Fund, Inc. ("PRRTFF I"), Puerto Rico Residents Tax-Free Fund VI, Inc. ("PRRTFF VI") and Tax Free Fund for Puerto Rico Residents, Inc. ("TFF I"). He has served as a director of Tax-Free Fixed Income Fund IV for Puerto Rico Residents, Inc. ("Fund IV") since May 20, 2025. Mr. Danial previously served as a director for Campo Caribe LLC, an agricultural business in Puerto Rico, from September 2019 to September 2022. Further, Mr. Danial served as a director at First Puerto Rico Tax-Exempt Target Maturity Fund VII, a Puerto Rico-based investment fund, from November 2020 until June 2021. Prior to Mr. Danial's employment at Caribbean Capital and Consultancy Corp., he earned his B.A. in Mathematics-Statistics from Columbia University in 2017. Since August 2023, Mr. Danial is studying for his J.D. at Harvard Law School. The Nominating Stockholder believes Mr. Danial's investment and research experience with municipal bond funds makes him qualified to serve as a director of the Fund.

Ian McCarthy, age 34, is a Puerto Rico-based investment professional with experience in unconventional debt restructurings and loan workouts in the commercial real estate finance space. Mr. McCarthy is currently a Managing Director at Fairview Asset Management, LLC, an investment management services firm based in Puerto Rico, where he has worked since June 2020. Prior to that, Mr. McCarthy served as Director, Originations & Fundraising, at Stabilis Capital Management, LP, a New York-based investment firm, from January 2018 until May 2020. He previously worked at Ten-X, a real estate trading software platform, from June 2014 to December 2017 and as an analyst at Rockwood Real Estate Advisors, a California real estate advisory firm. Since May 20, 2025, Mr. McCarthy has served as a director of PRRTFF I, PRRTFF VI, TFF I and Fund IV. He serves as the chairman of the Audit Committees and Dividend Committees of TFF I, PRRTFF I and PRRTFF VI. Mr. McCarthy earned his B.A. in Economics from Kenyon College in 2013. The Nominating Stockholder believes Mr. McCarthy's extensive investment and finance experience makes him qualified to serve as a director of the Fund.

**Item 5. Interest in Securities of the Issuer**

**(a)**
Item 5 is hereby amended and restated as follows:

The aggregate percentage of shares of Common Stock reported to be owned by each Reporting Person based upon 9,182,874 shares of common stock outstanding as of November 19, 2025, as disclosed in the Fund Preliminary Proxy.

A. As of the close of business on December 8, 2025, Ocean Capital beneficially owned 636,494.00 shares of Common Stock representing approximately 6.9% of the outstanding Common Stock of the Issuer.

B. As of the close of business on December 8, 2025, William Heath Hawk beneficially owned 636,494.00 shares of Common Stock representing approximately 6.9% of the outstanding Common Stock of the Issuer.

C. As of the close of business on December 8, 2025, Brent D. Rosenthal beneficially owned 0 shares of Common Stock representing approximately 0.0% of the outstanding Common Stock of the Issuer.

D. As of the close of business on December 8, 2025, Jose R. Izquierdo II beneficially owned 0 shares of Common Stock representing approximately 0.0% of the outstanding Common Stock of the Issuer.

E. As of the close of business on December 8, 2025, Ethan A. Danial beneficially owned 441,808 shares of Common Stock representing approximately 4.8% of the outstanding Common Stock of the Issuer.

F. As of the close of business on December 8, 2025, Ian McCarthy beneficially owned 0 shares of Common Stock representing approximately 0.0% of the outstanding Common Stock of the Issuer.

**(b)**
A. Ocean Capital LLC

636,494.00

B. William Heath Hawk

636,494.00

C. Brent D. Rosenthal

0

D. Jose R. Izquierdo II

0

E. Ethan A. Danial

441,808.00

F. Ian McCarthy

0

**(c)**
A. Ocean Capital

Ocean Capital has not transacted in the securities of the Issuer during the past 60 days.

B. William Heath Hawk

William Heath Hawk has not transacted in the securities of the Issuer during the past 60 days.

C. Brent D. Rosenthal

Brent D. Rosenthal has not transacted in the securities of the Issuer during the past 60 days.

D. Jose R. Izquierdo II

Jose R. Izquierdo II has not transacted in the securities of the Issuer during the past 60 days.

E. Ethan A. Danial

Neither Mr. Danial nor RAD Investments, LLC, of which Mr. Danial is one of the managers, has transacted in the securities of the Issuer during the past 60 days.

F. Ian McCarthy

Ian McCarthy has not transacted in the securities of the Issuer during the past 60 days.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

On December 10, 2025, the Reporting Persons executed a Second Amended and Restated Joint Filing and Solicitation Agreement (the "Joint Filing and Solicitation Agreement") with respect to the joint filing of this Schedule 13D and any amendment thereto, an executed copy of which is attached hereto as Exhibit G. Other than the Joint Filing and Solicitation Agreement, there are no contracts, arrangements, understandings or relationships (legal or otherwise) among the Reporting Persons and between such persons and any person with respect to any securities of the Issuer, including but not limited to transfer or voting of any other securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, divisions of profits or loss or the giving or withholding of proxies.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Ocean Capital LLC

**Signature:** /s/ William Heath Hawk

**Name/Title:** William Heath Hawk/Managing Member

**Date:** 12/10/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** William Heath Hawk

**Signature:** /s/ William Heath Hawk

**Name/Title:** William Heath Hawk

**Date:** 12/10/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Brent D. Rosenthal

**Signature:** /s/ Brent D. Rosenthal

**Name/Title:** Brent D. Rosenthal

**Date:** 12/10/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Jose R. Izquierdo II

**Signature:** /s/ Jose R. Izquierdo II

**Name/Title:** Jose R. Izquierdo II

**Date:** 12/10/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Ethan A. Danial

**Signature:** /s/ Ethan A. Danial

**Name/Title:** Ethan A. Danial

**Date:** 12/10/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Ian McCarthy

**Signature:** /s/ Ian McCarthy

**Name/Title:** Ian McCarthy

**Date:** 12/10/2025