The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM D

Notice of Exempt Offering of Securities
OMB APPROVAL
OMB Number: 3235-0076
Estimated average burden
hours per response: 4.00

1. Issuer's Identity

CIK (Filer ID Number) Previous Names
X None
Entity Type
0001776260
   Corporation
   Limited Partnership
   Limited Liability Company
   General Partnership
   Business Trust
X Other (Specify)

Statutory Trust
Name of Issuer
Passco Grayson DST
Jurisdiction of Incorporation/Organization
DELAWARE
Year of Incorporation/Organization
   Over Five Years Ago
X Within Last Five Years (Specify Year) 2019
   Yet to Be Formed

2. Principal Place of Business and Contact Information

Name of Issuer
Passco Grayson DST
Street Address 1 Street Address 2
2050 MAIN STREET, SUITE 650
City State/Province/Country ZIP/PostalCode Phone Number of Issuer
IRVINE CALIFORNIA 92614 (949) 442-1000

3. Related Persons

Last Name First Name Middle Name
Sullivan Larry K.
Street Address 1 Street Address 2
2050 Main Street, Suite 650
City State/Province/Country ZIP/PostalCode
Irvine CALIFORNIA 92614
Relationship: X Executive Officer    Director    Promoter

Clarification of Response (if Necessary):

President of the Sole Member of the Issuer's Manager
Last Name First Name Middle Name
Passo William O.
Street Address 1 Street Address 2
2050 Main Street, Suite 650
City State/Province/Country ZIP/PostalCode
Irvine CALIFORNIA 92614
Relationship: X Executive Officer    Director    Promoter

Clarification of Response (if Necessary):

Last Name First Name Middle Name
Brown Belden
Street Address 1 Street Address 2
2050 Main Street, Suite 650
City State/Province/Country ZIP/PostalCode
Irvine CALIFORNIA 92614
Relationship: X Executive Officer    Director    Promoter

Clarification of Response (if Necessary):

Last Name First Name Middle Name
Jahncke Thomas B.
Street Address 1 Street Address 2
2050 Main Street, Suite 650
City State/Province/Country ZIP/PostalCode
Irvine CALIFORNIA 92614
Relationship: X Executive Officer    Director    Promoter

Clarification of Response (if Necessary):

Last Name First Name Middle Name
Passco Companies, LLC Passco Companies, LLC
Street Address 1 Street Address 2
2050 Main Street, Suite 650
City State/Province/Country ZIP/PostalCode
Irvine CALIFORNIA 92614
Relationship:    Executive Officer    Director X Promoter

Clarification of Response (if Necessary):

Last Name First Name Middle Name
Passco Grayson Depositor, LLC Passco Grayson Depositor, LLC
Street Address 1 Street Address 2
2050 Main Street, Suite 650
City State/Province/Country ZIP/PostalCode
Irvine CALIFORNIA 92614
Relationship:    Executive Officer    Director X Promoter

Clarification of Response (if Necessary):

Last Name First Name Middle Name
Passco Grayson Manager, LLC Passco Grayson Manager, LLC
Street Address 1 Street Address 2
2050 Main Street, Suite 650
City State/Province/Country ZIP/PostalCode
Irvine CALIFORNIA 92614
Relationship:    Executive Officer    Director X Promoter

Clarification of Response (if Necessary):

4. Industry Group

   Agriculture
Banking & Financial Services
   Commercial Banking
   Insurance
   Investing
   Investment Banking
   Pooled Investment Fund
Is the issuer registered as
an investment company under
the Investment Company
Act of 1940?
   Yes    No
   Other Banking & Financial Services
   Business Services
Energy
   Coal Mining
   Electric Utilities
   Energy Conservation
   Environmental Services
   Oil & Gas
   Other Energy
Health Care
   Biotechnology
   Health Insurance
   Hospitals & Physicians
   Pharmaceuticals
   Other Health Care
   Manufacturing
Real Estate
   Commercial
   Construction
   REITS & Finance
X Residential
   Other Real Estate
  
 Retailing
  
 Restaurants
Technology
   Computers
   Telecommunications
   Other Technology
Travel
   Airlines & Airports
   Lodging & Conventions
   Tourism & Travel Services
   Other Travel
  
 Other

5. Issuer Size

Revenue Range OR Aggregate Net Asset Value Range
   No Revenues    No Aggregate Net Asset Value
   $1 - $1,000,000    $1 - $5,000,000
   $1,000,001 - $5,000,000    $5,000,001 - $25,000,000
   $5,000,001 - $25,000,000    $25,000,001 - $50,000,000
   $25,000,001 - $100,000,000    $50,000,001 - $100,000,000
   Over $100,000,000    Over $100,000,000
X Decline to Disclose    Decline to Disclose
   Not Applicable    Not Applicable

6. Federal Exemption(s) and Exclusion(s) Claimed (select all that apply)

   Rule 504(b)(1) (not (i), (ii) or (iii))
   Rule 504 (b)(1)(i)
   Rule 504 (b)(1)(ii)
   Rule 504 (b)(1)(iii)
X Rule 506(b)
   Rule 506(c)
   Securities Act Section 4(a)(5)
   Investment Company Act Section 3(c)
   Section 3(c)(1)    Section 3(c)(9)  
   Section 3(c)(2)    Section 3(c)(10)
   Section 3(c)(3)    Section 3(c)(11)
   Section 3(c)(4)    Section 3(c)(12)
   Section 3(c)(5)    Section 3(c)(13)
   Section 3(c)(6)    Section 3(c)(14)
   Section 3(c)(7)

7. Type of Filing

   New Notice Date of First Sale 2019-05-20    First Sale Yet to Occur
X Amendment

8. Duration of Offering

Does the Issuer intend this offering to last more than one year?
   Yes X No

9. Type(s) of Securities Offered (select all that apply)

X Equity    Pooled Investment Fund Interests
   Debt    Tenant-in-Common Securities
   Option, Warrant or Other Right to Acquire Another Security    Mineral Property Securities
   Security to be Acquired Upon Exercise of Option, Warrant or Other Right to Acquire Security    Other (describe)

10. Business Combination Transaction

Is this offering being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer?
   Yes X No

Clarification of Response (if Necessary):

11. Minimum Investment

Minimum investment accepted from any outside investor $25,000 USD

12. Sales Compensation

Recipient
Recipient CRD Number    None
Passco Capital, Inc. 117323
(Associated) Broker or Dealer X None
(Associated) Broker or Dealer CRD Number X None
None None
Street Address 1 Street Address 2
2050 Main Street, Suite 650
City State/Province/Country ZIP/Postal Code
Irvine CALIFORNIA 92614
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
RHODE ISLAND
VERMONT
HAWAII
MAINE
VIRGINIA
MICHIGAN
DELAWARE
IDAHO
IOWA
MARYLAND
MASSACHUSETTS
ARKANSAS
ILLINOIS
UTAH
INDIANA
MINNESOTA
ARIZONA
MISSOURI
MONTANA
MISSISSIPPI
NEW HAMPSHIRE
NEW JERSEY
NEW MEXICO
ALASKA
ALABAMA
TEXAS
NORTH CAROLINA
NORTH DAKOTA
NEBRASKA
NEW YORK
GEORGIA
NEVADA
TENNESSEE
CALIFORNIA
OKLAHOMA
OHIO
WYOMING
FLORIDA
SOUTH DAKOTA
SOUTH CAROLINA
CONNECTICUT
WEST VIRGINIA
DISTRICT OF COLUMBIA
WISCONSIN
KENTUCKY
KANSAS
OREGON
LOUISIANA
WASHINGTON
COLORADO
PENNSYLVANIA
Recipient
Recipient CRD Number    None
Ronald David Birnbaum 2382580
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Advisory Group Equity Services Ltd. 15427
Street Address 1 Street Address 2
One Gateway Center, Suite 350
City State/Province/Country ZIP/Postal Code
Newton MASSACHUSETTS 02458
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
VERMONT
RHODE ISLAND
SOUTH CAROLINA
NEW YORK
CONNECTICUT
ARIZONA
KENTUCKY
CALIFORNIA
MAINE
NEW HAMPSHIRE
NEW JERSEY
NEW MEXICO
COLORADO
FLORIDA
PENNSYLVANIA
MASSACHUSETTS
Recipient
Recipient CRD Number    None
Norman Dwight Loofbourrow 1310725
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
American Investors Company 38
Street Address 1 Street Address 2
2410 Camino Ramon #185
City State/Province/Country ZIP/Postal Code
San Ramon CALIFORNIA 94583
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
WASHINGTON
NEVADA
IDAHO
ARIZONA
CALIFORNIA
OREGON
Recipient
Recipient CRD Number    None
Ronald Garrett Yee 2860395
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
American Investors Company 38
Street Address 1 Street Address 2
2440 Camino Ramon, Suite 103
City State/Province/Country ZIP/Postal Code
San Ramon CALIFORNIA 94583
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
ARKANSAS
NEW YORK
CONNECTICUT
GEORGIA
NEVADA
MINNESOTA
ARIZONA
CALIFORNIA
MISSOURI
OREGON
MONTANA
OKLAHOMA
WASHINGTON
VIRGINIA
NEW JERSEY
OHIO
NEW MEXICO
IDAHO
TEXAS
FLORIDA
MARYLAND
Recipient
Recipient CRD Number    None
John Paul Harvey Jr. 4227692
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Cabot Lodge Securities LLC 159712
Street Address 1 Street Address 2
7051 Heathcote Village Way, Suite 200
City State/Province/Country ZIP/Postal Code
Gainesville VIRGINIA 20169
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		 X All States
   Foreign/non-US
Recipient
Recipient CRD Number    None
Steven B. Schwartz 4177383
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Centaurus Financial, Inc. 30833
Street Address 1 Street Address 2
3047 78th Avenue SE, Suite 203
City State/Province/Country ZIP/Postal Code
Mercer Island WASHINGTON 98040
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
HAWAII
ILLINOIS
UTAH
NEVADA
KENTUCKY
CALIFORNIA
MONTANA
OREGON
WASHINGTON
VIRGINIA
OHIO
ALASKA
IDAHO
TEXAS
Recipient
Recipient CRD Number    None
Concorde Investment Services, LLC 151604
(Associated) Broker or Dealer X None
(Associated) Broker or Dealer CRD Number X None
None None
Street Address 1 Street Address 2
19500 Victor Parkway, Suite 550
City State/Province/Country ZIP/Postal Code
Livonia MICHIGAN 48152
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
RHODE ISLAND
VERMONT
HAWAII
MAINE
VIRGINIA
MICHIGAN
DELAWARE
IDAHO
IOWA
MARYLAND
MASSACHUSETTS
ARKANSAS
ILLINOIS
UTAH
INDIANA
MINNESOTA
ARIZONA
MISSOURI
MONTANA
MISSISSIPPI
NEW HAMPSHIRE
NEW JERSEY
NEW MEXICO
ALASKA
ALABAMA
TEXAS
NORTH CAROLINA
NORTH DAKOTA
NEBRASKA
NEW YORK
GEORGIA
NEVADA
TENNESSEE
CALIFORNIA
OKLAHOMA
OHIO
WYOMING
FLORIDA
SOUTH DAKOTA
SOUTH CAROLINA
CONNECTICUT
WEST VIRGINIA
DISTRICT OF COLUMBIA
WISCONSIN
KENTUCKY
KANSAS
OREGON
LOUISIANA
WASHINGTON
COLORADO
PENNSYLVANIA
Recipient
Recipient CRD Number    None
Michael Lawrence Cruz 2130750
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Courtlandt Securities Corporation 137356
Street Address 1 Street Address 2
18218 McDurmott, Suite A
City State/Province/Country ZIP/Postal Code
Irvine CALIFORNIA 92614
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
NEVADA
TEXAS
ARIZONA
FLORIDA
CALIFORNIA
NORTH CAROLINA
MASSACHUSETTS
Recipient
Recipient CRD Number    None
Justin Charles Lowy 5935993
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
DFPG Investments, LLC 155576
Street Address 1 Street Address 2
5000 Birch Street West Tower, Suite 3000
City State/Province/Country ZIP/Postal Code
Newport Beach CALIFORNIA 92660
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
SOUTH CAROLINA
WASHINGTON
HAWAII
NEW JERSEY
NEVADA
ARIZONA
CALIFORNIA
Recipient
Recipient CRD Number    None
Harmony Mcauliffe Russo 5294771
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Crown Capital Securities, L.P. 6312
Street Address 1 Street Address 2
2660 Townsgate Road, Suite 310
City State/Province/Country ZIP/Postal Code
Westlake Village CALIFORNIA 91361
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
UTAH
NEW YORK
NEVADA
IDAHO
CALIFORNIA
OREGON
Recipient
Recipient CRD Number    None
Jason Douglas Stone 5455271
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Crown Capital Securities, L.P. 6312
Street Address 1 Street Address 2
333 City Boulevard West, Suite 2050
City State/Province/Country ZIP/Postal Code
Orange CALIFORNIA 92868
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
LOUISIANA
NEW YORK
NEVADA
TEXAS
ALABAMA
ARIZONA
CALIFORNIA
Recipient
Recipient CRD Number    None
Justin Charles Lowy 5935993
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Crown Capital Securities, L.P. 6312
Street Address 1 Street Address 2
5000 Birch Street, West Tower Ste 3000
City State/Province/Country ZIP/Postal Code
Newport Beach CALIFORNIA 92660
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
SOUTH CAROLINA
WASHINGTON
HAWAII
NEW JERSEY
NEVADA
ARIZONA
CALIFORNIA
Recipient
Recipient CRD Number    None
Alex Haviland 6364128
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
DFPG Investments, LLC 155576
Street Address 1 Street Address 2
742 N 530 E
City State/Province/Country ZIP/Postal Code
Orem UTAH 84097
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
UTAH
OHIO
IDAHO
FLORIDA
CALIFORNIA
Recipient
Recipient CRD Number    None
JR Broadbent 3132498
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
DFPG Investments, LLC 155576
Street Address 1 Street Address 2
9017 S Riverside Drive, Suite 200
City State/Province/Country ZIP/Postal Code
Sandy UTAH 84070
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
UTAH
HAWAII
GEORGIA
NEVADA
ARIZONA
CALIFORNIA
OREGON
MONTANA
WASHINGTON
VIRGINIA
NEW JERSEY
MICHIGAN
ALASKA
IDAHO
WYOMING
TEXAS
COLORADO
FLORIDA
PENNSYLVANIA
NORTH CAROLINA
Recipient
Recipient CRD Number    None
Scott Sheehan 2328614
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
DFPG Investments, LLC 155576
Street Address 1 Street Address 2
2 Orr Hatch Drive
City State/Province/Country ZIP/Postal Code
Cornwall NEW YORK 12518
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
VERMONT
RHODE ISLAND
ILLINOIS
NEW YORK
CONNECTICUT
NEVADA
DISTRICT OF COLUMBIA
ARIZONA
CALIFORNIA
OREGON
MAINE
WASHINGTON
NEW JERSEY
NEW MEXICO
DELAWARE
IDAHO
TEXAS
FLORIDA
PENNSYLVANIA
NORTH CAROLINA
MARYLAND
MASSACHUSETTS
Recipient
Recipient CRD Number    None
Timothy Kirkpatrick Whipple 2829688
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
DFPG Investments, LLC 155576
Street Address 1 Street Address 2
742 N 530 E
City State/Province/Country ZIP/Postal Code
Orem UTAH 84097
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
SOUTH CAROLINA
UTAH
HAWAII
ILLINOIS
NEW YORK
CONNECTICUT
NEVADA
ARIZONA
CALIFORNIA
MISSOURI
OREGON
WASHINGTON
NEW JERSEY
MICHIGAN
OHIO
ALASKA
IDAHO
WYOMING
TEXAS
COLORADO
FLORIDA
Recipient
Recipient CRD Number    None
Christopher Thomas Miller 4044818
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Emerson Equity LLC 130032
Street Address 1 Street Address 2
155 Bovet Road, Suite 725
City State/Province/Country ZIP/Postal Code
San Mateo CALIFORNIA 94402
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
WASHINGTON
NEW YORK
NEVADA
TEXAS
COLORADO
ARIZONA
FLORIDA
CALIFORNIA
MARYLAND
OREGON
Recipient
Recipient CRD Number    None
Bryan Stuart Kocen 2119036
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Financial Goal Securities, Inc. 19066
Street Address 1 Street Address 2
35-900 Bob Hope Drive, Suite 202
City State/Province/Country ZIP/Postal Code
Rancho Mirage CALIFORNIA 92270
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
ILLINOIS
NEW YORK
INDIANA
CONNECTICUT
GEORGIA
CALIFORNIA
VIRGINIA
NEW JERSEY
OHIO
DELAWARE
TEXAS
MARYLAND
NORTH CAROLINA
PENNSYLVANIA
MASSACHUSETTS
Recipient
Recipient CRD Number    None
Peter Alexander Finnegan 1336798
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Huntwicke Securities, LLC 146993
Street Address 1 Street Address 2
65 Washington Street
City State/Province/Country ZIP/Postal Code
Hanover MASSACHUSETTS 02339
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
NEW HAMPSHIRE
MAINE
VIRGINIA
NEW YORK
NEW JERSEY
CONNECTICUT
COLORADO
ARIZONA
FLORIDA
CALIFORNIA
MARYLAND
MASSACHUSETTS
Recipient
Recipient CRD Number    None
Independent Financial Group, LLC 7717
(Associated) Broker or Dealer X None
(Associated) Broker or Dealer CRD Number X None
None None
Street Address 1 Street Address 2
12671 High Bluff Drive, Suite 200
City State/Province/Country ZIP/Postal Code
San Diego CALIFORNIA 92130
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		 X All States
   Foreign/non-US
Recipient
Recipient CRD Number    None
Larry Richard Law 1273118
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
JRL Capital Corporation 10225
Street Address 1 Street Address 2
20371 Irvine Avenue, Suite A-140
City State/Province/Country ZIP/Postal Code
Newport Beach CALIFORNIA 92660
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
UTAH
HAWAII
ILLINOIS
NEW YORK
NEVADA
ARIZONA
CALIFORNIA
OREGON
WASHINGTON
NEW JERSEY
IDAHO
TEXAS
COLORADO
FLORIDA
MARYLAND
Recipient
Recipient CRD Number    None
Stacey Jim Morimoto 4420782
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
K Capital LLC 147191
Street Address 1 Street Address 2
4901 Morena Boulevard, Suite 121
City State/Province/Country ZIP/Postal Code
San Diego CALIFORNIA 92117
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
WASHINGTON
NEW YORK
NEVADA
TEXAS
ARIZONA
FLORIDA
CALIFORNIA
OREGON
MONTANA
Recipient
Recipient CRD Number    None
Paul Getty 6470002
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Lighpath Capital, Inc. 34617
Street Address 1 Street Address 2
97 East Brokaw Road, Suite 350
City State/Province/Country ZIP/Postal Code
San Jose CALIFORNIA 95112
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
WASHINGTON
NEW YORK
OHIO
NEVADA
TEXAS
WISCONSIN
COLORADO
ARIZONA
FLORIDA
CALIFORNIA
OREGON
MONTANA
Recipient
Recipient CRD Number    None
Frank Piscitelli 6935623
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Lightpath Capital, Inc. 34617
Street Address 1 Street Address 2
3130 Baker Street
City State/Province/Country ZIP/Postal Code
San Francisco CALIFORNIA 94123
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
OKLAHOMA
VIRGINIA
NEW YORK
CONNECTICUT
NEW MEXICO
TEXAS
FLORIDA
CALIFORNIA
OREGON
MONTANA
Recipient
Recipient CRD Number    None
Robert Alan Horning 2311640
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
McDermott Investment Services, LLC 154926
Street Address 1 Street Address 2
6633 S. Halm Avenue
City State/Province/Country ZIP/Postal Code
Los Angeles CALIFORNIA 90056
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
SOUTH DAKOTA
LOUISIANA
ILLINOIS
HAWAII
VIRGINIA
NEW YORK
NEVADA
ARIZONA
IOWA
CALIFORNIA
Recipient
Recipient CRD Number    None
Corbin Scott Thomas 423478
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
McDermott Investment Services, LLC 154926
Street Address 1 Street Address 2
101 Main Street, Suite 260
City State/Province/Country ZIP/Postal Code
Huntington Beach CALIFORNIA 92648
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
RHODE ISLAND
NEW YORK
GEORGIA
NEVADA
CALIFORNIA
OKLAHOMA
MAINE
VIRGINIA
OHIO
IDAHO
WYOMING
FLORIDA
IOWA
MARYLAND
MASSACHUSETTS
SOUTH DAKOTA
SOUTH CAROLINA
ARKANSAS
UTAH
ILLINOIS
INDIANA
CONNECTICUT
WEST VIRGINIA
DISTRICT OF COLUMBIA
MINNESOTA
WISCONSIN
ARIZONA
KENTUCKY
MISSOURI
KANSAS
OREGON
MONTANA
LOUISIANA
WASHINGTON
NEW JERSEY
NEW MEXICO
ALASKA
TEXAS
ALABAMA
COLORADO
PENNSYLVANIA
NORTH CAROLINA
NORTH DAKOTA
NEBRASKA
Recipient
Recipient CRD Number    None
Deb Schleining 2768752
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
McDermott Investment Services, LLC 154926
Street Address 1 Street Address 2
13530 Parker Street
City State/Province/Country ZIP/Postal Code
Omaha NEBRASKA 68154
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
RHODE ISLAND
VERMONT
HAWAII
MAINE
VIRGINIA
MICHIGAN
DELAWARE
IDAHO
IOWA
MARYLAND
MASSACHUSETTS
ARKANSAS
ILLINOIS
UTAH
INDIANA
MINNESOTA
ARIZONA
MISSOURI
MONTANA
MISSISSIPPI
NEW HAMPSHIRE
NEW JERSEY
NEW MEXICO
ALASKA
ALABAMA
TEXAS
NORTH CAROLINA
NORTH DAKOTA
NEBRASKA
NEW YORK
GEORGIA
NEVADA
TENNESSEE
CALIFORNIA
OKLAHOMA
OHIO
WYOMING
FLORIDA
SOUTH DAKOTA
SOUTH CAROLINA
CONNECTICUT
WEST VIRGINIA
DISTRICT OF COLUMBIA
WISCONSIN
KENTUCKY
KANSAS
OREGON
LOUISIANA
WASHINGTON
COLORADO
PENNSYLVANIA
Recipient
Recipient CRD Number    None
Troy Thomas 4691720
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
McDermott Investment Services, LLC 154926
Street Address 1 Street Address 2
101 Main Street, Suite 260
City State/Province/Country ZIP/Postal Code
Hungtington Beach CALIFORNIA 92648
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
RHODE ISLAND
VERMONT
HAWAII
MAINE
VIRGINIA
MICHIGAN
DELAWARE
IDAHO
IOWA
MARYLAND
MASSACHUSETTS
ARKANSAS
ILLINOIS
UTAH
INDIANA
MINNESOTA
ARIZONA
MISSOURI
MONTANA
MISSISSIPPI
NEW HAMPSHIRE
NEW JERSEY
NEW MEXICO
ALASKA
ALABAMA
TEXAS
NORTH CAROLINA
NORTH DAKOTA
NEBRASKA
NEW YORK
GEORGIA
NEVADA
CALIFORNIA
OKLAHOMA
OHIO
WYOMING
FLORIDA
SOUTH DAKOTA
SOUTH CAROLINA
CONNECTICUT
WEST VIRGINIA
DISTRICT OF COLUMBIA
KENTUCKY
WISCONSIN
KANSAS
OREGON
LOUISIANA
WASHINGTON
COLORADO
PENNSYLVANIA
Recipient
Recipient CRD Number    None
Eric Arthur Bicknese 2829451
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Nationwide Planning Associates Inc. 31029
Street Address 1 Street Address 2
600 Third Avenue, 3rd Floor
City State/Province/Country ZIP/Postal Code
New York NEW YORK 10016
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
VERMONT
RHODE ISLAND
SOUTH CAROLINA
ARKANSAS
NEW YORK
INDIANA
CONNECTICUT
NEVADA
ARIZONA
CALIFORNIA
LOUISIANA
NEW HAMPSHIRE
WASHINGTON
NEW JERSEY
DELAWARE
TEXAS
FLORIDA
PENNSYLVANIA
NORTH CAROLINA
Recipient
Recipient CRD Number    None
Scott Offerman 4619093
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Nextrend Securities, Inc. 43710
Street Address 1 Street Address 2
321 West 44th Street, Suite 200
City State/Province/Country ZIP/Postal Code
New York NEW YORK 10036
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
NEW YORK
Recipient
Recipient CRD Number    None
Sonya Lee Gotz 4007918
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Nextrend Securities, Inc. 43710
Street Address 1 Street Address 2
321 West 44th Street, Suite 200
City State/Province/Country ZIP/Postal Code
New York NEW YORK 10036
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
MARYLAND
Recipient
Recipient CRD Number    None
Christina Suzanne Nielson 4866971
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Primex 29394
Street Address 1 Street Address 2
650 Town Center Drive, Suite 1400
City State/Province/Country ZIP/Postal Code
Costa Mesa CALIFORNIA 92626
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
SOUTH CAROLINA
NEW YORK
CONNECTICUT
NEVADA
ARIZONA
WISCONSIN
CALIFORNIA
OREGON
WASHINGTON
NEW JERSEY
OHIO
TEXAS
PENNSYLVANIA
Recipient
Recipient CRD Number    None
Jean-Louis Guinchard 1983431
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
RCX Capital Group, LLC 114290
Street Address 1 Street Address 2
500 West Putnam Avenue, Suite 400
City State/Province/Country ZIP/Postal Code
Greenwich CONNECTICUT 06830
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
RHODE ISLAND
VERMONT
HAWAII
MAINE
VIRGINIA
MICHIGAN
DELAWARE
IDAHO
IOWA
MARYLAND
MASSACHUSETTS
ARKANSAS
ILLINOIS
UTAH
INDIANA
MINNESOTA
ARIZONA
MISSOURI
MONTANA
MISSISSIPPI
NEW HAMPSHIRE
NEW JERSEY
NEW MEXICO
ALASKA
ALABAMA
TEXAS
NORTH CAROLINA
NORTH DAKOTA
NEBRASKA
NEW YORK
GEORGIA
NEVADA
TENNESSEE
CALIFORNIA
OKLAHOMA
OHIO
WYOMING
FLORIDA
SOUTH DAKOTA
SOUTH CAROLINA
CONNECTICUT
WEST VIRGINIA
DISTRICT OF COLUMBIA
WISCONSIN
KENTUCKY
KANSAS
OREGON
LOUISIANA
WASHINGTON
COLORADO
PENNSYLVANIA
Recipient
Recipient CRD Number    None
John Cunningham Lindsey 2809808
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Securities America, Inc. 10205
Street Address 1 Street Address 2
1776 Pleansant Plain Road
City State/Province/Country ZIP/Postal Code
Fairfield IOWA 52556-8757
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
SOUTH CAROLINA
UTAH
HAWAII
ILLINOIS
NEVADA
MINNESOTA
TENNESSEE
WISCONSIN
ARIZONA
KENTUCKY
CALIFORNIA
OREGON
OKLAHOMA
WASHINGTON
VIRGINIA
ALASKA
IDAHO
TEXAS
ALABAMA
COLORADO
FLORIDA
NORTH CAROLINA
MARYLAND
NORTH DAKOTA
Recipient
Recipient CRD Number    None
Christina Lindsey Orta 3278327
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Securities America, Inc. 10205
Street Address 1 Street Address 2
4195 E. Thousand Oaks Blvd., Suite 125
City State/Province/Country ZIP/Postal Code
Westlake Village CALIFORNIA 95603
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
SOUTH CAROLINA
UTAH
HAWAII
ILLINOIS
NEW YORK
NEVADA
MINNESOTA
WISCONSIN
ARIZONA
KENTUCKY
CALIFORNIA
OREGON
OKLAHOMA
WASHINGTON
VIRGINIA
ALASKA
IDAHO
TEXAS
ALABAMA
COLORADO
FLORIDA
NORTH CAROLINA
MARYLAND
NORTH DAKOTA
Recipient
Recipient CRD Number    None
Thomas Burgess Hamlin 2208505
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Somerset Securities, Inc. 2493
Street Address 1 Street Address 2
4600 S.W. Kelly Avenue
City State/Province/Country ZIP/Postal Code
Portland OREGON 97239
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
VERMONT
RHODE ISLAND
HAWAII
NEW YORK
GEORGIA
NEVADA
TENNESSEE
CALIFORNIA
OKLAHOMA
MAINE
VIRGINIA
MICHIGAN
OHIO
IDAHO
DELAWARE
FLORIDA
IOWA
MARYLAND
MASSACHUSETTS
SOUTH CAROLINA
ARKANSAS
UTAH
ILLINOIS
INDIANA
CONNECTICUT
WEST VIRGINIA
MINNESOTA
WISCONSIN
ARIZONA
KENTUCKY
MISSOURI
KANSAS
OREGON
MONTANA
MISSISSIPPI
LOUISIANA
NEW HAMPSHIRE
WASHINGTON
NEW JERSEY
NEW MEXICO
ALASKA
TEXAS
ALABAMA
COLORADO
PENNSYLVANIA
NORTH CAROLINA
NORTH DAKOTA
NEBRASKA
Recipient
Recipient CRD Number    None
Anthony Brown 6900485
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Stax Capital 300607
Street Address 1 Street Address 2
4901 Morena Boulevard, Suite 121
City State/Province/Country ZIP/Postal Code
San Diego CALIFORNIA 92117
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
WASHINGTON
NEW YORK
TEXAS
CALIFORNIA
OREGON
Recipient
Recipient CRD Number    None
Stacey Jim Morimoto 4420782
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Stax Capital 300607
Street Address 1 Street Address 2
4901 Morena Boulevard, Suite 121
City State/Province/Country ZIP/Postal Code
San Diego CALIFORNIA 92117
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
WASHINGTON
NEW YORK
NEVADA
TEXAS
ARIZONA
FLORIDA
CALIFORNIA
OREGON
MONTANA
Recipient
Recipient CRD Number    None
Timothy Keith Kulhanek 5696299
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Taylor Capital Management Inc. 43559
Street Address 1 Street Address 2
3801 Union Drive, Suite 204
City State/Province/Country ZIP/Postal Code
Lincoln NEBRASKA 68516
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
NEBRASKA
Recipient
Recipient CRD Number    None
Mark Alan Keen 3178657
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
The Strategic Financial Alliance, Inc. 126514
Street Address 1 Street Address 2
10300 Eaton Plance, Suite 470
City State/Province/Country ZIP/Postal Code
Fairfax VIRGINIA 22030
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
VERMONT
NEW YORK
GEORGIA
NEVADA
TENNESSEE
CALIFORNIA
VIRGINIA
MICHIGAN
OHIO
IDAHO
DELAWARE
FLORIDA
IOWA
MARYLAND
MASSACHUSETTS
SOUTH DAKOTA
SOUTH CAROLINA
ARKANSAS
UTAH
ILLINOIS
INDIANA
CONNECTICUT
WEST VIRGINIA
DISTRICT OF COLUMBIA
MINNESOTA
WISCONSIN
ARIZONA
KENTUCKY
MISSOURI
KANSAS
OREGON
MISSISSIPPI
LOUISIANA
WASHINGTON
NEW JERSEY
NEW MEXICO
ALASKA
TEXAS
ALABAMA
COLORADO
PENNSYLVANIA
NORTH CAROLINA
NORTH DAKOTA
NEBRASKA
Recipient
Recipient CRD Number    None
George Roger Duff 2768560
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Triad Advisors LLC 25803
Street Address 1 Street Address 2
11651 Jollyville Road, Suite 300
City State/Province/Country ZIP/Postal Code
Austin TEXAS 78759
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
NEW YORK
OHIO
IDAHO
DISTRICT OF COLUMBIA
TEXAS
TENNESSEE
COLORADO
CALIFORNIA
PENNSYLVANIA
NORTH CAROLINA
MASSACHUSETTS
Recipient
Recipient CRD Number    None
James Thaddeus Walesa 1061209
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Triad Advisors LLC 25803
Street Address 1 Street Address 2
1460 Renaissance Drive, Suie 212
City State/Province/Country ZIP/Postal Code
Park Ridge ILLINOIS 60068
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
RHODE ISLAND
NEW YORK
GEORGIA
NEVADA
TENNESSEE
CALIFORNIA
OKLAHOMA
VIRGINIA
MICHIGAN
FLORIDA
MASSACHUSETTS
SOUTH CAROLINA
ARKANSAS
ILLINOIS
INDIANA
WISCONSIN
ARIZONA
MISSOURI
KANSAS
WASHINGTON
NEW JERSEY
ALABAMA
TEXAS
COLORADO
NORTH CAROLINA
NEBRASKA
Recipient
Recipient CRD Number    None
Timothy Raymond Tehan 3230535
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Triad Advisors LLC 25803
Street Address 1 Street Address 2
7735 Old Georgetown Road, Suite 800
City State/Province/Country ZIP/Postal Code
Bethesda MARYLAND 20814
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
SOUTH CAROLINA
VIRGINIA
NEW YORK
NEW JERSEY
DISTRICT OF COLUMBIA
TEXAS
KENTUCKY
FLORIDA
PENNSYLVANIA
MARYLAND
Recipient
Recipient CRD Number    None
Chay Thomas Lapin 6275140
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Wealthforge Securities, LLC 152550
Street Address 1 Street Address 2
21515 Hawthorne Boulevard, Suite 360
City State/Province/Country ZIP/Postal Code
Torrance CALIFORNIA 90503
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		 X All States
   Foreign/non-US
Recipient
Recipient CRD Number    None
David P. Dahill 6581024
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Wealthforge Securities, LLC 152550
Street Address 1 Street Address 2
111 Congress Avenue, Suite 1000
City State/Province/Country ZIP/Postal Code
Austin TEXAS 78701
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
RHODE ISLAND
VERMONT
HAWAII
MAINE
VIRGINIA
MICHIGAN
DELAWARE
IDAHO
IOWA
MARYLAND
MASSACHUSETTS
ARKANSAS
ILLINOIS
UTAH
INDIANA
MINNESOTA
ARIZONA
MISSOURI
MONTANA
MISSISSIPPI
NEW HAMPSHIRE
NEW JERSEY
NEW MEXICO
ALASKA
ALABAMA
TEXAS
NORTH CAROLINA
NORTH DAKOTA
NEBRASKA
NEW YORK
GEORGIA
NEVADA
TENNESSEE
CALIFORNIA
OKLAHOMA
OHIO
WYOMING
FLORIDA
SOUTH DAKOTA
SOUTH CAROLINA
CONNECTICUT
WEST VIRGINIA
DISTRICT OF COLUMBIA
WISCONSIN
KENTUCKY
KANSAS
OREGON
LOUISIANA
WASHINGTON
COLORADO
PENNSYLVANIA
Recipient
Recipient CRD Number    None
Jason Andrew Salmon 6081963
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Wealthforge Securities, LLC 152550
Street Address 1 Street Address 2
104 West 40th Street, 5th Floor
City State/Province/Country ZIP/Postal Code
New York NEW YORK 10018
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		 X All States
   Foreign/non-US
Recipient
Recipient CRD Number    None
Randy Alan Barmache 4607939
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Westpark Capital, Inc. 39914
Street Address 1 Street Address 2
1600 Dove Street, Suite 250
City State/Province/Country ZIP/Postal Code
Newport Beach CALIFORNIA 92660
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
CALIFORNIA
Recipient
Recipient CRD Number    None
Leslie Vincent Anderton 873403
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Wilson-Davis & Co., Inc. 3777
Street Address 1 Street Address 2
236 South Main
City State/Province/Country ZIP/Postal Code
Salt Lake City UTAH 84101
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
RHODE ISLAND
UTAH
ILLINOIS
NEW YORK
INDIANA
GEORGIA
TENNESSEE
WISCONSIN
ARIZONA
KENTUCKY
CALIFORNIA
KANSAS
OREGON
WASHINGTON
IDAHO
WYOMING
TEXAS
COLORADO
FLORIDA
PENNSYLVANIA
NORTH CAROLINA
MARYLAND
MASSACHUSETTS

13. Offering and Sales Amounts

Total Offering Amount $30,400,000 USD
or    Indefinite
Total Amount Sold $30,400,000 USD
Total Remaining to be Sold $0 USD
or    Indefinite

Clarification of Response (if Necessary):

14. Investors

  
 Select if securities in the offering have been or may be sold to persons who do not qualify as accredited investors, and enter the number of such non-accredited investors who already have invested in the offering.
Regardless of whether securities in the offering have been or may be sold to persons who do not qualify as accredited investors, enter the total number of investors who already have invested in the offering:
120

15. Sales Commissions & Finder's Fees Expenses

Provide separately the amounts of sales commissions and finders fees expenses, if any. If the amount of an expenditure is not known, provide an estimate and check the box next to the amount.

Sales Commissions $2,660,000 USD
X Estimate
Finders' Fees $0 USD
   Estimate

Clarification of Response (if Necessary):

16. Use of Proceeds

Provide the amount of the gross proceeds of the offering that has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters in response to Item 3 above. If the amount is unknown, provide an estimate and check the box next to the amount.

$4,378,600 USD
X Estimate

Clarification of Response (if Necessary):

Passco Grayson Depositor, LLC was responsible for paying certain fees and costs of approximately $4,022,600.

Signature and Submission

Please verify the information you have entered and review the Terms of Submission below before signing and clicking SUBMIT below to file this notice.

Terms of Submission

In submitting this notice, each issuer named above is:
  • Notifying the SEC and/or each State in which this notice is filed of the offering of securities described and undertaking to furnish them, upon written request, in the accordance with applicable law, the information furnished to offerees.*
  • Irrevocably appointing each of the Secretary of the SEC and, the Securities Administrator or other legally designated officer of the State in which the issuer maintains its principal place of business and any State in which this notice is filed, as its agents for service of process, and agreeing that these persons may accept service on its behalf, of any notice, process or pleading, and further agreeing that such service may be made by registered or certified mail, in any Federal or state action, administrative proceeding, or arbitration brought against the issuer in any place subject to the jurisdiction of the United States, if the action, proceeding or arbitration (a) arises out of any activity in connection with the offering of securities that is the subject of this notice, and (b) is founded, directly or indirectly, upon the provisions of:  (i) the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939, the Investment Company Act of 1940, or the Investment Advisers Act of 1940, or any rule or regulation under any of these statutes, or (ii) the laws of the State in which the issuer maintains its principal place of business or any State in which this notice is filed.
  • Certifying that, if the issuer is claiming a Regulation D exemption for the offering, the issuer is not disqualified from relying on Rule 504 or Rule 506 for one of the reasons stated in Rule 504(b)(3) or Rule 506(d).

Each Issuer identified above has read this notice, knows the contents to be true, and has duly caused this notice to be signed on its behalf by the undersigned duly authorized person.

For signature, type in the signer's name or other letters or characters adopted or authorized as the signer's signature.

Issuer Signature Name of Signer Title Date
Passco Grayson DST /s/ Larry K. Sullivan Larry K. Sullivan President of the Sole Member of the Issuer's Manager 2020-05-22

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

* This undertaking does not affect any limits Section 102(a) of the National Securities Markets Improvement Act of 1996 ("NSMIA") [Pub. L. No. 104-290, 110 Stat. 3416 (Oct. 11, 1996)] imposes on the ability of States to require information. As a result, if the securities that are the subject of this Form D are "covered securities" for purposes of NSMIA, whether in all instances or due to the nature of the offering that is the subject of this Form D, States cannot routinely require offering materials under this undertaking or otherwise and can require offering materials only to the extent NSMIA permits them to do so under NSMIA's preservation of their anti-fraud authority.