DISCIPLINED EQUITY MANAGEMENT, INC.

Item 1 – Cover Page 200 1st Street, Suite 204 Neptune Beach, FL 32266 (904) 222-0280 Phone (904) 212-0058 Fax 200 Mansell Court East, Suite 305 Roswell, GA 30076 (678) 222-3469 Phone (678) 222-3401 Fax 10 Glenlake Parkway, Suite 130 Atlanta, GA 30328 www.demgt.com February 11, 2026 This Brochure provides information about the qualifications and business practices of Disciplined Equity Management, Inc (“DEM”). If you have any questions about the contents of this Brochure, please contact us at (904) 222-0280 or ddavey@demgt.com. It is intended to provide clients and prospective clients with an understanding of the investment advisory services offered by DEM and to provide full and fair disclosure of any conflicts or potential conflicts of interest associated with those services. At the request of a client, DEM may provide investment advice or other services not discussed in this Brochure. In such cases, any additional disclosures will be provided to the client as necessary. Clients can also refer to their portfolio management agreement for information specific to the management of their account. The information in this Brochure has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority. Disciplined Equity Management, Inc. is a registered investment adviser. Registration of an Investment Adviser does not imply any level of skill or training. The oral and written communications of an Adviser provide you with information about which you determine to hire or retain an Adviser. Additional information about Disciplined Equity Management, Inc. also is available on the SEC’s website at www.adviserinfo.sec.gov. 1  Item 2 – Material Changes Investment Advisers are required to prepare a disclosure document (“Brochure”) that describes the firm and its business practices. Pursuant to SEC rules, we are required to update our Brochure at least annually and provide you with a summary of any material changes since the previous annual amendment. We have prepared this Brochure, dated February 11, 2026, in accordance with the annual amendment requirement. There have been no material change since our last annual Brochure dated February 14, 2025. With this summary, we hereby offer to deliver a complete copy of our Investment Adviser Brochure upon your request at any time during the year. You may request our Brochure at any time by contacting Don Davey, at 904-222-0280 or ddavey@demgt.com. Additional information about Disciplined Equity Management, Inc. is available at www.adviserinfo.sec.gov. The SEC’s web site also provides information about any persons affiliated with Disciplined Equity Management, Inc. who are registered as investment adviser representatives of Disciplined Equity Management, Inc. 2  Item 3 – Table of Contents .................................................................................................................................. 1 ...................................................................................................................... 2 Item 1 – Cover Page ...................................................................................................................... 3 Item 2 – Material Changes .................................................................................................................... 4 Item 3 – Table of Contents .......................................................................................................... 5 Item 4 – Advisory Business ............................................... 6 Item 5 – Fees and Compensation ......................................................................................................................... 6 Item 6 – Performance-Based Fees and Side-By-Side Management ........................................ 6 Item 7 – Types of Clients ......................................................................................................... 7 Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss ....................................................... 7 Item 9 – Disciplinary Information .......................................................................................................................... 8 Item 10 – Other Financial Industry Activities and Affiliations ............................................................................................................... 8 Item 11 – Code of Ethics ................................................................................................................ 9 Item 12 – Brokerage Practices ...................................................................... 10 Item 13 – Review of Accounts ................................................................................................................................... 10 Item 14 – Client Referrals and Other Compensation ......................................................................................................... 10 Item 15 – Custody ....................................................................................................... 11 Item 16 – Investment Discretion .......................................................................................................... 11 Item 17 – Voting Client Securities Item 18 – Financial Information 3  Item 4 – Advisory Business Donald V. Davey formed Disciplined Equity Management, Inc. in 2002. DEM provides discretionary investment supervisory services to individuals, trusts, estates, small business owners, pension plans and charitable entities. Each client account is managed according to the specific goals and objectives of the client, as stated in the Investment Policy Statement signed by the client. Therefore, even when using the same investment strategy for more than one client, not all client accounts will necessarily hold identical positions. Any restrictions imposed on the management of the account must be included in the Investment Policy Statement. DEM offers the following investment strategies: Individual Stock Strategies: The US Large-Cap Growth Strategy selects US large-capitalization stocks with above-average long-term and short-term earnings and price trends. The goal of the strategy is to provide long-term capital growth. The US Large-Cap Value Strategy selects US large-capitalization stocks with above-average dividend yields and financial strength. The goal of the strategy is to provide a rising dividend stream in addition to participation in the long- term growth of equities. The Blue Chip Core Portfolio is an equal blend of the Large-Cap Growth and Large-Cap Value Strategies. Mutual Fund and ETF Strategies: DEM may either replace or complement the individual stock strategies with no-load equity and fixed-income mutual funds and/or exchange-traded funds (ETFs). DEM primarily utilizes the Dimensional Fund Advisors family of funds to implement the mutual fund strategies. Separately Managed Accounts (SMA): DEM may elect to engage a sub-adviser/co-adviser to manage a particular strategy within a client’s portfolio through the custodian’s SMA platform. An SMA would primarily be used for taxable accounts of sufficient size that could benefit from greater diversification and tax management. DEM selects strategies offered by Dimensional Fund Advisors which employ the same low- cost, low turnover, high diversification philosophy they follow in their mutual funds and ETFs. 4  DEM provides financial planning services to asset management clients. These services are included in the investment advisory services offered and are not subject to additional fees or execution of a separate contract. As of December 31, 2025, DEM has discretionary assets under management of approximately $520,953,831. DEM does not manage any non-discretionary assets. Investment Advice Specific to Retirement Account Rollovers When we provide investment advice regarding your retirement plan account or individual retirement account, we are fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing retirement accounts. The way we make money creates some conflicts with your interests, so we operate under a special rule that requires us to act in your best interest and not put our interest ahead of yours. Under this special rule’s provisions, we must: • • • • • • Meet a professional standard of care (give prudent advice) Never put our financial interests ahead of our clients (give loyal advice) Avoid misleading statements about conflicts of interest, fees, and investments Follow policies and procedures designed to ensure that we give advice in client’s best interest Charge no more than is reasonable for our services Give you basic information about our conflicts of interest. Item 5 – Fees and Compensation The standard advisory fee charged by DEM for portfolio management is as follows: Asset Value of the Account: Up to $3 million $3million to $5 million Above $5 million Quarterly Fee 0.375% 0.250% 0.1875% Clients pay DEM a fee based on the value of assets in their account. Fees are charged quarterly in arrears based on the value of the account on the last day of the quarter and adjusted for material cash flows. While DEM intends to charge fees in accordance with the standard fee schedule in place at the time of executing the portfolio management agreement, fees are subject to negotiation and may vary from the standard schedules to reflect circumstances that apply to a specific client account. The fee schedule, and any applicable terms and conditions, is stated in the client’s portfolio management agreement. The advisory fee covers only the portfolio management and advisory services provided by DEM and does not include brokerage commissions, mark-up and mark-downs, exchange fees, dealer spreads or other costs associated with the purchase and sale of securities, custodian fees, transfer fees, wire fees, interest, taxes, or other account expenses. All fees paid to DEM for investment advisory services are separate and distinct from the fees and 5  expenses charged by mutual funds or in conjunction with internal expenses associated with exchange-traded funds. The client will be solely responsible, directly or indirectly, for these additional expenses. If DEM chooses a third-party manager to manage all or a portion of the client’s portfolio through a Separately Managed Account, the client will pay an advisory fee to the third-party manager separate from the advisory fee paid to DEM. DEM will disclose the additional fees to the client prior to causing the client to incur such fees. DEM does not receive any portion of the additional fees described above. Refer to Item 12 for a detailed discussion of brokerage practices. Clients may, but are not required to, grant DEM the authority to debit advisory fees directly from the clients’ accounts. If the client authorizes DEM to debit fees, DEM is deemed to have custody of the client’s funds. Clients will receive a statement, usually monthly but no less than quarterly, directly from their account custodian. DEM urges clients to review the information on the statement for accuracy and compare the information to any reports received directly from DEM. Please refer to Item 15 of this document for additional disclosures relating to Custody. A client can terminate the portfolio management agreement with 30 days written notice. Any fees due will be payable through the date of termination. Item 6 – Performance-Based Fees and Side-By-Side Management DEM does not charge any performance-based fees. Item 7 – Types of Clients DEM provides discretionary investment supervisory services to individuals, trusts, estates, small business owners, pension plans and charitable entities. The minimum account size for new clients is $1 million. DEM reserves the right to waive this minimum. Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss DEM uses fundamental analysis and concepts derived from modern portfolio theory to construct diversified portfolios using a low-cost, passive, asset allocation strategy. Investing in securities involves risk of loss that clients should be prepared to bear. DEM uses its best judgment and good faith efforts in providing advisory services to clients. DEM cannot warrant or guarantee any particular level of account performance, or that an account will be profitable over time. Not every investment decision or recommendation made by DEM will be profitable. Investments in securities are subject to various market, currency, inflation, 6  economic, political and business risks, which are briefly described below. DEM attempts to minimize these risks by recommending diversified portfolios constructed to meet the specific goals and objectives of clients. • Market Risk: Investments are subject to risk, including the possibility of a loss of principal. Fluctuations in the value of an investment may be caused by external factors independent of an investment’s particular underlying circumstances. Interest-rate Risk: • Fluctuations in interest rates may cause investment prices to fluctuate. For example, when interest rates rise, yields on existing bonds become less attractive, causing their market values to decline. Inflation Risk: • High inflation may adversely affect future purchasing power. • Currency Risk: Foreign investments are subject to fluctuations in the value of the dollar versus the local currency where the investment is made. • Reinvestment Risk: Reinvestment risk occurs when proceeds from an investment may be reinvested at lower prevailing rates. • Business Risk: Business risks are associated with a particular industry or a particular company within an industry. • Liquidity Risk: Liquidity risk occurs when there is a possibility an investment cannot be readily converted to cash. • Financial Risk: Excessive borrowing to finance a business’ operations increases the risk of profitability, because the company must meet the terms of its obligations in good times and bad. During periods of financial stress, the inability to meet loan obligations may result in bankruptcy and/or a declining market value. Item 9 – Disciplinary Information Registered investment advisers are required to disclose all material facts regarding any legal or disciplinary events that would be material to your evaluation of DEM or its management. DEM has no disciplinary actions to disclose. Item 10 – Other Financial Industry Activities and Affiliations Don Davey is a partial owner of several privately held restaurant franchise companies. DEM does not recommend clients invest in this corporation or in any other partnership or corporation owned or partially owned by the principals of Disciplined Equity Management, 7  Inc. Don’s time spent on business operations relating to this company does not have a material effect on DEM’s operations. Don Davey participates in other business ventures, opportunities or arrangements in which clients may be involved. However, Don does not recommend these investments as part of the advisory services offered by DEM. Typically, these other businesses are operating businesses and are not related to the securities industry. These arrangements are outside of the scope of the investments selected on behalf of clients. Item 11 – Code of Ethics DEM has adopted a Code of Ethics for the purpose of instructing its personnel in their ethical obligations and to provide rules for their personal securities transactions. DEM and its personnel owe a duty of loyalty, fairness and good faith towards their clients, and the obligation to adhere not only to the specific provisions of the Code, but to the general principles that guide the Code. In order to detect any conflicts of interest with regard to personal trading by principals and employees, DEM requires all Access Persons to submit personal securities holdings reports within 10 days of becoming an Access Person and annually thereafter, and personal securities transaction reports within 30 days of the end of each calendar quarter. DEM employees are permitted to buy or sell securities that are also recommended to clients provided they conduct their personal trading in a manner that does not create a conflict of interest with a client, or otherwise take unfair advantage of the client relationship. Employee accounts managed by DEM could trade at the same time as clients and in the same securities as clients provided that, in accordance with DEM’s brokerage practices, each account participating in the trade receives the average price of all shares traded on behalf of DEM to ensure allocations are fair and equitable. DEM will provide a copy of the Code of Ethics to any client or prospective client upon request. Item 12 – Brokerage Practices DEM recommends clients maintain accounts at Charles Schwab & Co, Inc. The reason for preferring Schwab is their discounted commission rates, favorable margin rates, availability of no-load mutual funds, electronic trading, daily transaction downloads, and dedicated service team. Not all advisors require the use of a particular custodian or broker/dealer. DEM receives no fees or compensation for recommending Schwab, but receives other benefits as described in Item 14. DEM executes client trades through the account custodian, which is Schwab for a large majority of client accounts. DEM regularly assesses the services provided by Schwab to determine that the reasonableness of commissions is consistent with their ability to provide 8  quality services to DEM and its clients. DEM believes that, in consideration of all services provided by Schwab, including but not limited to commission rates and other fees, Schwab is providing overall execution quality consistent with DEM’s duty to seek best execution for its clients. Clients may direct DEM to use the services of a specific broker/dealer. However, DEM may decline to accept an account if the client’s request is inconsistent with DEM’s investment approach. If DEM accepts an account subject to client direction, DEM may not be able to attain best execution of client transactions. Directed transactions could result in additional costs to the client. DEM may choose to, but is not required to, aggregate client orders consistent with its duty to seek best price and execution. Clients participating in an aggregated order will receive the average price of all transactions executed on a pro rata basis. If an order is partially filled, shares will be allocated pro rata based on the client’s initial participation in the transaction. To the extent that the limited availability of a security would result in a de minimis allocation, DEM may exclude one or more accounts from participating in the order and select an alternative allocation method provided that such method is fair and equitable to all client accounts over time. DEM manages client portfolios based on the specific objectives of each client. In some cases, it is advantageous to implement a client’s asset allocation across all their household accounts. Other times, the client’s current financial condition and objectives would warrant that each account separately adhere to the overall portfolio allocation. In the latter case, clients will likely incur more transaction charges; however, we believe the costs are reasonable and necessary in pursuit of the long term financial goals. Item 13 – Review of Accounts Don Davey, as Portfolio Manager and Principal of DEM, reviews all portfolios to ensure compliance with each client’s goals and objectives. Portfolio reviews and any necessary rebalancing are conducted quarterly. Additional reviews occur more frequently due to such factors as inflows to or outflows from an account, significant market movements, or other factors as deemed necessary by the Portfolio Manager. Upon request, clients are furnished quarterly reports from DEM which could include holdings, market value and/or performance. Schwab provides monthly statements to the client detailing account activity and market value of securities held. DEM urges clients to compare information contained in reports provided by DEM with the account statements received directly from the account custodian. 9  Item 14 – Client Referrals and Other Compensation DEM has access to free or discounted research materials from broker-dealers and/or third- party providers in exchange for having client assets custodied at Schwab. Schwab provides free industry information that does not qualify as research, such as newsletter or other publications pertaining to compliance, marketing, practice management, etc. In addition, events such as workshops or conferences are occasionally offered to DEM at reduced cost or no cost. These benefits are not provided on the basis of client transactions. Under no circumstances do any clients pay additional fees or commissions in order to obtain these products or services. Item 15 – Custody DEM is deemed to have custody of client funds because investment advisory fees are directly debited from client accounts. Debiting of fees is done pursuant to authorization provided by each client. Usually monthly, but no less than quarterly, clients receive account statements directly from the custodian of their account. Custodial statements include account holdings, market values and any activity that occurred during the period, including the deduction of investment advisory fees. DEM urges clients to compare information contained in reports provided by DEM with the account statements received directly from the account custodian. Differences in portfolio value may occur due to various factors, including but not limited to: (1) unsettled trades; (2) accrued income; (3) pricing of securities; and/or, (4) dividends earned but not received. DEM is also deemed to have custody of client assets as a result of clients authorizing DEM to distribute assets from their accounts to a specific named recipient in accordance with a standing letter of instruction. DEM intends to comply with the SEC No-Action Letter dated February 21, 2017 (Investment Adviser Association) allowing firms who comply with all of the provisions of the no-action letter to forego the annual surprise custody examination requirement with respect to those assets. For all other accounts which DEM is deemed to have custody, and for which there is no exemption from the requirement to conduct an annual surprise custody examination, DEM will engage the services of an independent CPA firm to examine those accounts in accordance with the rules, regulations and guidance outlined in federal securities laws. Item 16 – Investment Discretion DEM manages client portfolios on a discretionary basis. Clients grant DEM discretion over their account by providing authorization in the portfolio management agreement. This discretionary authority authorizes DEM to determine the type and amount of securities to be bought or sold. Investment discretion is limited only by specific instructions, guidelines and/or mandates provided by clients in writing and to which DEM agrees. 10  Item 17 – Voting Client Securities DEM does not take action or render any advice with respect to voting of proxies for the securities in client accounts. DEM will have no obligation to render advice or take any action with respect to any securities subject to any legal proceedings, such as class action lawsuits or bankruptcy. Clients will receive all proxies and other solicitations directly from their custodian. Item 18 – Financial Information Registered investment advisers are required to provide certain financial information or disclosures about DEM’s financial condition. DEM has no financial commitment that impairs its ability to meet contractual and fiduciary commitments to its clients, and has not been the subject of any bankruptcy proceeding. 11