# EDGAR Filing Document

**Accession Number:** 0001953021
**File Stem:** 0001213900-25-091103
**Filing Date:** 2025-9
**Character Count:** 13259
**Document Hash:** fe86df93c84a411b215cf8cfbd643376
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-091103.hdr.sgml**: 20250924

**ACCESSION NUMBER**: 0001213900-25-091103

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

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250924

**DATE AS OF CHANGE**: 20250924

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Mega Matrix Inc
- **CENTRAL INDEX KEY:** 0001953021
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-MOTION PICTURE & VIDEO TAPE PRODUCTION [7812]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-94775
- **FILM NUMBER:** 251338139

**BUSINESS ADDRESS:**
- **STREET 1:** 89 NEXUS WAY, CAMANA BAY
- **CITY:** GRAND CAYMAN
- **STATE:** E9
- **ZIP:** KY1-9009
- **BUSINESS PHONE:** 929-841-4670

**MAIL ADDRESS:**
- **STREET 1:** 89 NEXUS WAY, CAMANA BAY
- **CITY:** GRAND CAYMAN
- **STATE:** E9
- **ZIP:** KY1-9009

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MarsProtocol Inc.
- **DATE OF NAME CHANGE:** 20221101
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Hu Yucheng
- **CENTRAL INDEX KEY:** 0001883407

**ORGANIZATION NAME:**

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

**MAIL ADDRESS:**
- **STREET 1:** GROUP 7, YANTAI VILLAGE
- **STREET 2:** LAOYE TOWN
- **CITY:** YINGSHAN, SICHUAN
- **STATE:** F4
- **ZIP:** 00000000

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

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 3)**

**Mega Matrix Inc**

*(Name of Issuer)*

**Class A Ordinary Shares, par value $0.001 per share**

*(Title of Class of Securities)*

**G6005C108**

*(CUSIP Number)*

**Yucheng Hu**<br>Group 7, Yantai Village, Liaoye Town,<br>Yingshan<br>Sichuan F4 00000000<br>86 186-8122-7724

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

**09/22/2025**

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

| **CUSIP No.** | **G6005C108** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Yucheng Hu** | Name of reporting person<br>**Yucheng Hu** | |
| 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>**PF** | Source of funds (See Instructions)<br>**PF** | |
| 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>**CHINA** | Citizenship or place of organization<br>**CHINA** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**322784350.00** |
| 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>**322784350.00** |
| 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>**3763310.00** | Aggregate amount beneficially owned by each reporting person<br>**3763310.00** | |
| 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>**6.74%** | Percent of class represented by amount in Row (11)<br>**6.74%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** (1) Includes (i) 2,809,977 Class B ordinary shares, par value $0.001 ("Class B Shares"), (ii) 833,333 Class C ordinary shares, par value $0.001 ("Class C Shares"); (iii) 90,000 Class A ordinary shares, par value $0.001 ("Class A Shares") directly owned by Mr. Hu, and (iv) 30,000 Class A Shares, which are expected to vest from restricted stock units ("RSUs") under the Amended and Restated 2021 Equity Incentive Plan within 60 days of this date. Each Class B Share is convertible into one (1) Class A Share at the option of the holder. Each Class C Share is convertible into one (1) Class A Share at the option of the holder.  Each Class A Share shall be entitled to one (1) vote, each Class B Share shall be entitled to one hundred (100) votes, and each Class C Share shall be entitled to fifty (50) votes.

(2) Percentage calculated based on  55,817,531Class A Shares outstanding, which is the sum of (i) 52,144,221 Class A Shares issued and outstanding as of August 22, 2025, (ii) 30,000 Class A Shares issuable upon the vesting of RSUs on September 30, 2025, (iii) 2,809,977 Class B Shares that may be converted by Mr. Hu into an equivalent number of Class A Shares at holder's sole discretion; and (iv) 833,333 Class C Shares that may be converted by Mr. Hu into an equivalent number of Class A Shares at holder's sole discretion.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Class A Ordinary Shares, par value $0.001 per share

**(b) Name of Issuer:**
Mega Matrix Inc

**(c) Address of Issuer's Principal Executive Offices:**
Level 21, 88 Market Street, CapitaSpring, U0, 048948

This Amendment No. 3 to Schedule 13D ("Amendment"), relating to the beneficial ownership of Class A ordinary shares, par value $0.001 per share ("Class A Shares"), of Mega Matrix Inc., a Cayman Islands corporation ("Issuer"), amends and supplements the Schedule 13D filed with the United States Securities and Exchange Commission (the "SEC") on October 4, 2021, the Amendment No.1 to the Schedule 13D filed with the SEC on December 13, 2022, and the Amendment No.2 to the Schedule 13D filed with the SEC on December 11, 2024 (as amended, the "Original Schedule 13D") by the Reporting Person, Mr. Yucheng Hu.

The Schedule 13D filed with the SEC on October 4, 2021 and the Amendment No.1 to the Schedule 13D filed with the SEC on December 13, 2022 were filed in connection with shares of common stock of Mega Matrix Corp., a Delaware corporation ("MPU DE"). Following the redomicile and merger from MPU DE to Issuer on October 9, 2024, each share of common stock was exchanged for one Class A Share of the Issuer.

The Issuer's principal executive offices are located at Level 21, 88 Market Street, CapitaSpring, Singapore 048948, and its phone number is (650) 340-1888.

**Item 4. Purpose of Transaction**

The Conversion and Transfer have been authorized and approved by the Issuer's board on September 1, 2025, and  September  22, 2025, respectively, and are intended to support the Issuer's management team's ability to implement a sustainable development strategy to fully integrate the Issuer's strategic objectives. This structure aims to ensure continuity of management, enabling the execution of both short- and long-term business plans without undue influence from external financial market factors, which are often beyond management's control. Mr. Hu is the Chief Executive Officer, Director, and the Chairman of the Board of the Issuer and will from time to time engage in discussions with the Issuer's Board and/or members of the Issuer's management team concerning, without limitation, business, operations, capital structure, governance, management, business plans and strategies of the Issuer.

After the Transfer, Mr. Hu beneficially owns 3,763,310 Class A Shares, which consists of (i) 2,809,977 Class A Shares issuable upon the conversion of Class B Shares on a 1:1 basis, (ii) 833,333 Class A Shares issuable upon the conversion of Class C Shares on a 1:1 basis; (iii) 90,000 Class A Shares held by Mr. Hu directly, and (iv) 30,000 Class A Shares, which are expected to vest from RSUs  under the Amended and Restated 2021 Equity Incentive Plan within 60 days of this date. As a result, Mr. Hu has a sole voting power of  322,784,350 votes (which includes(i) 280,997,700 votes provided by the Class B Shares voting together as a single class with the Class A Shares, assuming no conversion of Class B Shares, and (ii)  41,666,650 votes provided by the Class C Shares voting together as a single class with the Class A Shares, assuming no conversion of Class C Shares), or 3,763,310 votes (assuming full conversion of the Class B Shares and Class C Shares).

Other than as described above, the Reporting Person does not currently have any plans or proposals that relate to, or would result in, any of the matters listed below, although the Reporting Person may, at any time and from time to time, review or reconsider the position and/or change the purpose and/or formulate plans or proposals with respect thereto:

(a) The acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer;

(b) An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries;

(c) A sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries;

(d) Any change in the present Board of Directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board;

(e) Any material change in the present capitalization or dividend policy of the Issuer;

(f) Any other material change in the Issuer's business or corporate structure including, but not limited to, if the Issuer is a registered closed-end investment company, any plans or proposals to make any changes in its investment policy for which a vote is required by Section 13 of the Investment Company Act of 1940;

(g) Changes in the Issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person;

(h) Causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association;

(i) A class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934, as amended, or

(j) Any action similar to any of those enumerated above.

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

**(a)**
The information contained on the cover pages to this Schedule 13D is incorporated herein by reference. As of the date hereof, there are 52,144,221 Class A Shares issued outstanding.

**(b)**
The following table sets forth the number of votes as to which the Reporting Person has (i) the sole power to vote or direct the vote, (ii) shared power to vote or to direct the vote, (iii) sole power to dispose or to direct the disposition, or (iv) shared power to dispose or to direct disposition:

Reporting Person     Sole Voting           Shared Voting    Sole Dispositive             Shared
                                       Power                  Power                     Power                 Dispositive
                                                                                                                                  Power

Yucheng Hu            322,784,350(1)     322,784,350(1)         3,763,310(2)          3,763,310(2)

(1) Represents voting power consisting of (i) 120,000 Class A Shares, including 30,000 Class A Shares, issuable upon vesting of RSUs on September 30, 2025 under the Amended and Restated 2021 Equity Incentive Plan; (ii) 2,809,977 Class B Shares, each of which is entitled to one hundred (100) votes per Class B Share, and (iii) 833,333 Class C Shares, each of which is entitled to fifty (50) votes per Class C Share, reflecting an aggregate voting power of 322,784,350 votes as a single class, or 65.96%.

(2) Mr. Hu beneficially owns  3,763,310 Class A Shares, which consists of (i) 120,000 Class A Shares, including 30,000 Class A Shares, issuable upon vesting of RSUs on September 30, 2025 under the Amended and Restated 2021 Equity Incentive Plan,  (ii) 2,809,977 Class A Shares, assuming full conversion of the Class B Shares on a 1:1 basis; and (iii) 833,333 Class A Shares, assuming full conversion of the Class C Shares on a 1:1 basis.

**(c)**
The information contained in Items 3 and 4 are hereby incorporated herein by reference in entirety.

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

The information set forth in Item 3 and Item 4 above is incorporated herein by reference.

### 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:** Yucheng Hu

**Signature:** /s/ Yucheng Hu

**Name/Title:** Yucheng Hu, an individual

**Date:** 09/24/2025