Belpointe PREP, LLC

Item 5.07 Submission of Matters to a Vote of Security Holders. On October 12, 2026, Belpointe PREP, LLC (the “ Company ”) held its annual meeting of unitholders (the “ Annual Meeting ”). As of August 21, 2026, the record date for the Annual Meeting, the Company had 3,953,666 Class A units, 100,000 Class B units and one Class M unit outstanding. Holders of the Company’s Class A units and Class B units were entitled to one vote per unit on all matters submitted to the unitholders at the Annual Meeting. The holder of the Company’s Class M unit was entitled to that number of votes equal to ten times the aggregate number of Class A units and Class B units outstanding on those matters on which the Class M unit was entitled to vote. At the Annual Meeting the holders of the Company’s Class A and Class B units voted together as a single class on proposals to elect two Class II directors, and the holders of the Company’s Class A, Class B and Class M units voted together as a single class on proposals to ratify the appointment of CohnReznick LLP (“ CohnReznick ”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026 and to approve the Company’s potential issuance of Class A units in excess of 19.99% of the Company’s currently issued and outstanding Class A units at a price that may be less than the minimum price as defined by Section 713(a) of the NYSE American Company Guide (the “ Public Offering Proposal ”). Each of the proposals is described in greater detail in the Company’s definitive proxy statement on Schedule 14A filed with the U.S. Securities and Exchange Commission on August 27, 2026. There were 2,127,095 Class A units, 100,000 Class B units and one Class M unit represented in person or by proxy at the Annual Meeting. Set forth below are the number of votes cast for and against or withheld, and the number of abstentions or broker non-votes for each matter voted upon by the Company’s unitholders. Proposal No. 1 - Election of Class II Directors. The individuals set forth below were elected to serve as Class II directors until the 2029 annual meeting of the unitholders and until their respective successors are duly elected or appointed and qualified or until their earlier death, resignation, disqualification or removal. Director For Withheld Broker Name Non-Vote ──────────────────────────────────────────────────────── Martin 624,440 350,348 1,252,307 Lacoff Ronald 634,703 340,085 1,252,307 Young, Jr. Proposal No. 2 - Ratification of Appointment of Independent Registered Public Accounting Firm. The appointment of CohnReznick as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026, was ratified. For Against Abstain Broker Non-Vote ────────────────────────────────────────────────────── 42,667,752 65,438 30,565 — Proposal No. 3 - Approval of the Public Offering Proposal. The Public Offering Proposal was approved. For Against Abstain Broker Non-Vote ─────────────────────────────────────────────────────── 41,347,844 150,445 13,159 1,252,307