UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~May~~July 1912, 2021

Venture Lending & Leasing VII, Inc.

(Exact name of registrant as specified in its charter)

MARYLAND		814-00969		45-5589518
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

104 La Mesa Drive, Suite 102, Portola Valley, CA 94028

(Address of principal executive offices, zip code)

Registrant’s telephone number, including area code: (650) 234-4300

(Former name or former address, if changed since last report): N/A

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨☐ Soliciting material pursuant to Rule 14a-12~~(b)~~ under the Exchange Act (17 CFR 240.14a-12)

¨☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
N/A	N/A	N/A

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨☐

Item 5.0702 ~~Submission~~Departure of ~~Matters~~Directors toor aCertain ~~Vote~~Officers; Election of ~~Security~~Directors; ~~Holders~~Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

~~The~~Judith ~~annual shareholder meeting (the “Meeting”) of Venture Lending & Leasing VII, Inc~~N. ~~(the “Fund”) was held on May 19~~Bornstein, ~~2021,~~Vice ~~to consider and vote on the election of five members of the Board of Directors of the Fund (Robert J. Hutter~~President, ~~John~~Chief W.Financial ~~Glynn~~Officer, ~~Scott~~Chief C.Compliance ~~Taylor~~Officer, ~~Ronald~~Treasurer ~~W. Swenson~~ and ~~Maurice~~Secretary ~~C. Werdegar) and the ratification~~ of the ~~appointment of Deloitte & Touche LLP as the~~ Fund’s, ~~independent~~has resigned ~~registered~~from ~~public~~her ~~accounting~~position, ~~firm~~effective ~~for~~July ~~the fiscal year ending on December 31~~12, 2021.

OnThe ~~April~~Board 2,of ~~2021,~~Directors ~~the~~has ~~record~~appointed ~~date~~a ~~for~~successor ~~the~~Vice ~~Meeting~~President, ~~there~~Chief ~~were~~Financial ~~100~~Officer,~~000~~ ~~shares~~Chief ofCompliance ~~Common Stock~~Officer, ~~$.001~~Treasurer ~~par~~and ~~value~~Secretary ~~(“Shares”)~~ of the Fund, ~~outstanding~~effective ~~and~~upon ~~entitled~~the tocommencement ~~vote. 100%~~ of ~~the~~his ~~Shares~~service ~~are~~with ~~owned by~~ the Fund’s investment ~~sole shareholder~~adviser, ~~Venture Lending & Leasing VII, LLC (the “LLC”), the members of~~ which ~~(“Members”)~~is ~~have~~expected ~~pass-through~~to ~~voting~~begin ~~rights~~no ~~such~~later ~~that~~than ~~the~~August ~~LLC,~~2021. In as the ~~sole shareholder of the Fund~~interim, ~~may~~Bruce ~~take no action as shareholder of the Fund without first securing the approval of the Members~~K. ~~The~~ ~~election~~Levin, ofVice ~~each~~President of ~~the~~Finance, ~~nominated~~will ~~directors~~perform ~~required~~ the ~~prior~~duties ~~approval of the holders of at least a plurality of the outstanding shares of membership interest of the LLC (the “LLC Shares”)~~ and ~~ratification~~responsibilities of the ~~appointment~~principal offinancial Deloitte & Touche LLP as the Fund’s independent registered public accounting firm for the fiscal year ending on December 31, 2021 required the prior approval of at least a majority of the outstanding LLC Sharesofficer.

Three hundred fifty five thousand one hundred and seventy five (355,175) out of 375,000 total outstanding LLC Shares, or 94.71% of the LLC Shares, were cast in favor of the election of each of the five members of the Board of Directors and in favor of the ratification of the appointment of Deloitte & Touche LLP as the Fund’s independent registered public accounting firm for the fiscal year ending on December 31, 2021. No LLC Shares were cast against or withheld for either of the proposals presented at the Meeting. Consequently, the LLC cast 100% of the Shares in favor of approval of both of the proposals presented at the Meeting.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

VENTURE LENDING & LEASING VII, INC.

VENTURE LENDING & LEASING VII, INC.
(Registrant)

By:	/s/ Maurice C. Werdegar	By:	/s/ Bruce K. Levin
	Maurice C. Werdegar		Bruce K. Levin
	President and Chief Executive Officer		Vice President of Finance

Date:	July 14, 2021	Date:	July 14, 2021

(Registrant)

By: /s/ Maurice C. Werdegar			By: /s/ Judy N. Bornstein
Maurice C. Werdegar			Judy N. Bornstein
Chief Executive Officer			Chief Financial Officer
Date: May 25, 2021			Date: May 25, 2021

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