Funicular Funds (KTTA) reports 1.84M shares, 7.4% stake in Pasithea (KTTA)

Rhea-AI Filing Summary

Pasithea Therapeutics Corp. ownership disclosure: institutional holder Funicular Funds, LP (and related entities Cable Car Capital, LP and Jacob Ma-Weaver) reports beneficial ownership of 1,839,512 shares of Common Stock, representing 7.4% of the class based on 24,939,948 shares outstanding as reported on the issuer's Form 10-K filed March 30, 2026.

The filing lists sole voting and dispositive power for each reporting person over the same 1,839,512 shares and discloses the reporting relationships between Funicular Funds, Cable Car Capital, LP, and Jacob Ma-Weaver.

Insights

Corporate Governance Analyst

Large passive stake disclosure; governance signal limited to ownership scale.

The Schedule 13G shows a 7.4% ownership position held with sole voting and dispositive power by the reporting persons. That stake size is large enough to warrant attention but the filing is a passive ownership disclosure, not an activist notice.

Monitor future filings for changes in voting/disposition authority or amendments that convert to an active filer; timing and further actions are not disclosed here.

Institutional Ownership Specialist

Structure: GP/LP and individual managing member attribution is disclosed.

The filing attributes the 1,839,512 shares to Funicular Funds, with Cable Car Capital as GP and Jacob Ma-Weaver as managing member, indicating control paths that affect who may vote or sell the shares.

Subsequent amendments or Form 13D would be required to signal activist intent; this Schedule 13G does not indicate any change in strategy.

Key Figures

Beneficial ownership: 1,839,512 shares Percent of class: 7.4% Shares outstanding used: 24,939,948 shares +2 more

5 metrics

Beneficial ownership 1,839,512 shares Amount reported for each reporting person

Percent of class 7.4% Percent reported by each reporting person

Shares outstanding used 24,939,948 shares As reported in issuer's Form 10-K filed March 30, 2026

CUSIP 70261F202 Pasithea Therapeutics Common Stock CUSIP listed in filing

Filing date / signature date 04/22/2026 Signed by Jacob Ma-Weaver

Key Terms

beneficially owned, sole voting power, dispositive power, Schedule 13G

4 terms

beneficially owned regulatory

"The reporting person's beneficial ownership consists of 1,839,512 shares"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole voting power regulatory

"Sole Voting Power 1,839,512.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

dispositive power regulatory

"Sole Dispositive Power 1,839,512.00"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

Schedule 13G regulatory

"Item 1. Name of issuer: Pasithea Therapeutics Corp."

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Pasithea Therapeutics Corp.

(Name of Issuer)

Common Stock, par value $0.0001

(Title of Class of Securities)

70261F202

(CUSIP Number)

04/15/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 70261F202

1

Names of Reporting Persons

Funicular Funds, LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,839,512.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,839,512.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,839,512.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.4 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: The reporting person's beneficial ownership consists of 1,839,512 shares of Common Stock (the "Shares"). The foregoing calculation is based upon 24,939,948 Shares outstanding as reported by the Issuer on Form 10-K filed with the Securities and Exchange Commission on March 30, 2026.

SCHEDULE 13G

CUSIP Number(s): 70261F202

1

Names of Reporting Persons

Cable Car Capital, LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,839,512.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,839,512.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,839,512.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.4 %

12

Type of Reporting Person (See Instructions)

IA, PN

Comment for Type of Reporting Person: The reporting person's beneficial ownership consists of 1,839,512 Shares. The foregoing calculation is based upon 24,939,948 Shares outstanding as reported by the Issuer on Form 10-K filed with the Securities and Exchange Commission on March 30, 2026. Cable Car Capital, LP, as the General Partner of Funicular Funds, LP, and Jacob Ma-Weaver, as the Managing Member of Cable Car Capital, LP, may each be deemed the beneficial owner of the Shares held by Funicular Funds, LP.

SCHEDULE 13G

CUSIP Number(s): 70261F202

1

Names of Reporting Persons

Ma-Weaver Jacob

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,839,512.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,839,512.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,839,512.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.4 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: The reporting person's beneficial ownership consists of 1,839,512 Shares. The foregoing calculation is based upon 24,939,948 Shares outstanding as reported by the Issuer on Form 10-K filed with the Securities and Exchange Commission on March 30, 2026. Cable Car Capital, LP, as the General Partner of Funicular Funds, LP, and Jacob Ma-Weaver, as the Managing Member of Cable Car Capital, LP, may each be deemed the beneficial owner of the Shares held by Funicular Funds, LP.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Pasithea Therapeutics Corp.
(b)	Address of issuer's principal executive offices: 1111 LINCOLN ROAD, SUITE 500, MIAMI BEACH, FLORIDA, 33139
Item 2.
(a)	Name of person filing: Funicular Funds, LP Cable Car Capital, LP Jacob Ma-Weaver
(b)	Address or principal business office or, if none, residence: 601 California Street, Suite 1151, San Francisco, CA 94108
(c)	Citizenship: Funicular Funds, LP - Delaware Cable Car Capital, LP - Delaware Jacob Ma-Weaver - United States
(d)	Title of class of securities: Common Stock, par value $0.0001
(e)	CUSIP Number(s): 70261F202
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: Funicular Funds, LP - 1,839,512 Cable Car Capital, LP - 1,839,512 Jacob Ma-Weaver - 1,839,512
(b)	Percent of class: Funicular Funds, LP - 7.4% Cable Car Capital, LP - 7.4% Jacob Ma-Weaver - 7.4%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Funicular Funds, LP - 1,839,512 Cable Car Capital, LP - 1,839,512 Jacob Ma-Weaver - 1,839,512
	(ii) Shared power to vote or to direct the vote: Funicular Funds, LP - 0 Cable Car Capital, LP - 0 Jacob Ma-Weaver - 0
	(iii) Sole power to dispose or to direct the disposition of: Funicular Funds, LP - 1,839,512 Cable Car Capital, LP - 1,839,512 Jacob Ma-Weaver - 1,839,512
	(iv) Shared power to dispose or to direct the disposition of: Funicular Funds, LP - 0 Cable Car Capital, LP - 0 Jacob Ma-Weaver - 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

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.

Funicular Funds, LP

Signature:	Jacob Ma-Weaver
Name/Title:	Managing Member of the General Partner
Date:	04/22/2026

Cable Car Capital, LP

Signature:	Jacob Ma-Weaver
Name/Title:	Managing Member
Date:	04/22/2026

Ma-Weaver Jacob

Signature:	Jacob Ma-Weaver
Name/Title:	Jacob Ma-Weaver
Date:	04/22/2026

FAQ

What stake does Funicular Funds report in Pasithea Therapeutics (KTTA)?

Funicular Funds reports beneficial ownership of 1,839,512 shares, equal to 7.4% of common stock based on 24,939,948 shares outstanding per the issuer's Form 10-K.

Who else is listed with beneficial ownership related to the Funicular Funds filing?

The filing also names Cable Car Capital, LP and Jacob Ma-Weaver as reporting persons, each shown with beneficial ownership of the same 1,839,512 shares and sole voting/dispositive power.

What voting and dispositive powers are disclosed in the Schedule 13G?

Each reporting person—Funicular Funds, Cable Car Capital, and Jacob Ma-Weaver—reports sole voting power and sole dispositive power over 1,839,512 shares in the filing.

What share count was used to calculate the 7.4% ownership percentage?

The percentage is calculated using an outstanding share count of 24,939,948 shares as reported in Pasithea's Form 10-K filed on March 30, 2026, per the filing's comment.

Does this Schedule 13G indicate activist intent or a change to active ownership?

No. This Schedule 13G is a passive beneficial-ownership disclosure; it does not state activist intent. Any shift to active intent would typically be reflected by an amended filing such as a Form 13D.