1-Z LIVE 0001964224 XXXXXXXX N true Masterworks 232, LLC 1 World Trade Center 57th Floor New York NY 10007 203-518-5172 024-12170 Class A Ordinary Shares 024-12170 0 0001964224 Masterworks 232, LLC Masterworks 232, LLC /s/ Josh Goldstein 06-29-2026 General Counsel, Secretary and Member of the Board of Managers