McCarthy Terrence Michael 4/A

What Happened

• Terrence McCarthy, Chief Financial Officer of CAIS Sports, Media & Entertainment Fund, acquired 2,560.68 Class I shares on 2026-01-02 at $10.00 per share, for a total value of $25,607. The transaction is reported as an "other acquisition" tied to a fund reorganization rather than an open-market purchase. This filing is an amendment that updates earlier, estimated amounts.

Key Details

• Transaction date: 2026-01-02; Price: $10.00 per share; Shares acquired: 2,560.68; Total value: $25,607.
• Security class: Common shares of beneficial interest designated as Class I Shares (footnote F1).
• Amendment reason: The original Form 4 estimated the acquisition based on the Predecessor Fund’s value; this amended filing (F2) reports the final number of shares after the definitive valuation as of 12/31/2025.
• Filing: Amended Form 4 filed 2026-02-03 covering the 2026-01-02 report date — this amendment updates the previously reported, estimated amounts.
• Shares owned after the transaction: the amended filing reports final beneficial ownership following the reorganization (see the amended Form 4 for the specific post-transaction total).

Context

• This was an acquisition resulting from a fund reorganization (not a voluntary open-market buy), so it signals an allocation change from the predecessor vehicle rather than a direct market-driven endorsement by the CFO. Amended Form 4s like this are common when values are finalized after reorganizations; they correct earlier estimates.