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
0001786615
   Corporation
   Limited Partnership
   Limited Liability Company
   General Partnership
   Business Trust
X Other (Specify)

Statutory Trust
Name of Issuer
Passco Sapphire Bay 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 Sapphire Bay 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) 263-7900

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 Sapphire Bay Depositor, LLC Passco Sapphire Bay 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 Sapphire Bay Manager, LLC Passco Sapphire Bay 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 2019-09-16    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
Adriana Angela Olsen 4669125
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Passco Capital, Inc. 117323
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
ALABAMA
ALASKA
ARIZONA
ARKANSAS
CALIFORNIA
COLORADO
CONNECTICUT
DELAWARE
DISTRICT OF COLUMBIA
FLORIDA
GEORGIA
HAWAII
IDAHO
ILLINOIS
INDIANA
IOWA
KANSAS
KENTUCKY
LOUISIANA
MAINE
MARYLAND
MASSACHUSETTS
MICHIGAN
MINNESOTA
MISSISSIPPI
MISSOURI
MONTANA
NEBRASKA
NEVADA
NEW HAMPSHIRE
NEW JERSEY
NEW MEXICO
NEW YORK
NORTH CAROLINA
NORTH DAKOTA
OHIO
OKLAHOMA
OREGON
PENNSYLVANIA
RHODE ISLAND
SOUTH CAROLINA
SOUTH DAKOTA
TENNESSEE
TEXAS
UTAH
VERMONT
VIRGINIA
WASHINGTON
WEST VIRGINIA
WISCONSIN
WYOMING
Recipient
Recipient CRD Number    None
Ronald 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
ARIZONA
CALIFORNIA
COLORADO
CONNECTICUT
FLORIDA
KENTUCKY
MAINE
MASSACHUSETTS
NEW HAMPSHIRE
NEW JERSEY
NEW MEXICO
NEW YORK
PENNSYLVANIA
RHODE ISLAND
SOUTH CAROLINA
VERMONT
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
ARIZONA
CALIFORNIA
IDAHO
NEVADA
OREGON
WASHINGTON
Recipient
Recipient CRD Number    None
Derek James Elrod 4793202
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
APW Capital, Inc. 43814
Street Address 1 Street Address 2
986 W. Alluvial Avenue, Suite 101
City State/Province/Country ZIP/Postal Code
Fresno CALIFORNIA 93711
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
CALIFORNIA
IDAHO
OREGON
WASHINGTON
Recipient
Recipient CRD Number    None
David Andrew Kangas 6591398
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Cabot Lodge Securities LLC 159712
Street Address 1 Street Address 2
1 City Boulevard West, Suite 870
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		 X All States
   Foreign/non-US
Recipient
Recipient CRD Number    None
Lawrence Michael DePaul Jr. 4540570
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Centaurus Financial, Inc. 30833
Street Address 1 Street Address 2
4695 Macarthur Court, Suite 1100
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
MISSOURI
NEVADA
Recipient
Recipient CRD Number    None
Darren Robert Grossman 5762586
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Centaurus Financial, Inc. 30833
Street Address 1 Street Address 2
191 Presidential Boulevard, Suite W-1
City State/Province/Country ZIP/Postal Code
Bala Cynwyd PENNSYLVANIA 19004
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
ARIZONA
CALIFORNIA
DELAWARE
DISTRICT OF COLUMBIA
FLORIDA
NEW JERSEY
NORTH CAROLINA
PENNSYLVANIA
TEXAS
UTAH
VIRGINIA
WEST VIRGINIA
WISCONSIN
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
ALASKA
CALIFORNIA
HAWAII
IDAHO
ILLINOIS
KENTUCKY
MONTANA
NEVADA
OHIO
OREGON
TEXAS
UTAH
VIRGINIA
WASHINGTON
Recipient
Recipient CRD Number    None
Joseph Rowell Fraser 6975700
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Colorado Financial Service Corporation 104343
Street Address 1 Street Address 2
12647 Alcosta Boulevard, Suite 470
City State/Province/Country ZIP/Postal Code
San Ramon CALIFORNIA 94526
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
ALABAMA
ARIZONA
CALIFORNIA
COLORADO
FLORIDA
GEORGIA
HAWAII
ILLINOIS
MASSACHUSETTS
MICHIGAN
NEVADA
NEW JERSEY
NEW YORK
NORTH CAROLINA
OHIO
OKLAHOMA
OREGON
PENNSYLVANIA
TEXAS
UTAH
WASHINGTON
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
ALABAMA
ALASKA
ARIZONA
ARKANSAS
CALIFORNIA
COLORADO
CONNECTICUT
DELAWARE
DISTRICT OF COLUMBIA
FLORIDA
GEORGIA
HAWAII
IDAHO
ILLINOIS
INDIANA
IOWA
KANSAS
KENTUCKY
LOUISIANA
MAINE
MARYLAND
MASSACHUSETTS
MICHIGAN
MINNESOTA
MISSISSIPPI
MISSOURI
MONTANA
NEBRASKA
NEVADA
NEW HAMPSHIRE
NEW JERSEY
NEW MEXICO
NEW YORK
NORTH CAROLINA
NORTH DAKOTA
OHIO
OKLAHOMA
OREGON
PENNSYLVANIA
RHODE ISLAND
SOUTH CAROLINA
SOUTH DAKOTA
TENNESSEE
TEXAS
UTAH
VERMONT
VIRGINIA
WASHINGTON
WEST VIRGINIA
WISCONSIN
WYOMING
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
ARIZONA
CALIFORNIA
FLORIDA
MASSACHUSETTS
NEVADA
NORTH CAROLINA
TEXAS
Recipient
Recipient CRD Number    None
Keith Ryan Gunther 1533552
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Crown Capital Securities, L.P. 6312
Street Address 1 Street Address 2
6 Centerpointe Drive, Suite 700
City State/Province/Country ZIP/Postal Code
La Palma CALIFORNIA 90623
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
ARIZONA
CALIFORNIA
IDAHO
NEBRASKA
OREGON
WASHINGTON
Recipient
Recipient CRD Number    None
Stephen Laurence Shloss 5429813
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Crown Capital Securities, L.P. 6312
Street Address 1 Street Address 2
25950 Acero, Suite 100
City State/Province/Country ZIP/Postal Code
Mission Viejo CALIFORNIA 92691
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
ARIZONA
CALIFORNIA
OREGON
SOUTH CAROLINA
Recipient
Recipient CRD Number    None
Stephen Michael Whyte 5941423
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Crown Capital Securities, L.P. 6312
Street Address 1 Street Address 2
10370 Commerce Center Drive, Suite B130
City State/Province/Country ZIP/Postal Code
Rancho Cucamonga CALIFORNIA 91730
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
ARIZONA
CALIFORNIA
OREGON
Recipient
Recipient CRD Number    None
DFPG Investments, LLC 155576
(Associated) Broker or Dealer X None
(Associated) Broker or Dealer CRD Number X None
None None
Street Address 1 Street Address 2
9017 S Riverside Drive, Suite 210
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
ALABAMA
ALASKA
ARIZONA
ARKANSAS
CALIFORNIA
COLORADO
CONNECTICUT
DELAWARE
DISTRICT OF COLUMBIA
FLORIDA
GEORGIA
HAWAII
IDAHO
ILLINOIS
INDIANA
IOWA
KANSAS
KENTUCKY
LOUISIANA
MAINE
MARYLAND
MASSACHUSETTS
MICHIGAN
MINNESOTA
MISSISSIPPI
MISSOURI
MONTANA
NEBRASKA
NEVADA
NEW HAMPSHIRE
NEW JERSEY
NEW MEXICO
NEW YORK
NORTH CAROLINA
NORTH DAKOTA
OHIO
OKLAHOMA
OREGON
PENNSYLVANIA
RHODE ISLAND
SOUTH CAROLINA
SOUTH DAKOTA
TENNESSEE
TEXAS
UTAH
VERMONT
VIRGINIA
WASHINGTON
WEST VIRGINIA
WISCONSIN
WYOMING
Recipient
Recipient CRD Number    None
Emerson Equity LLC 130032
(Associated) Broker or Dealer X None
(Associated) Broker or Dealer CRD Number X None
None None
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
ARIZONA
CALIFORNIA
COLORADO
FLORIDA
MARYLAND
NEVADA
NEW YORK
OREGON
TEXAS
WASHINGTON
Recipient
Recipient CRD Number    None
Peter Chernin 6787497
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Great Point Capital LLC 114203
Street Address 1 Street Address 2
200 West Jackson Boulevard, Suite 1000
City State/Province/Country ZIP/Postal Code
Chicago ILLINOIS 60606
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
CALIFORNIA
FLORIDA
MARYLAND
MASSACHUSETTS
NEW JERSEY
NEW YORK
NORTH CAROLINA
PENNSYLVANIA
RHODE ISLAND
SOUTH CAROLINA
VERMONT
VIRGINIA
WASHINGTON
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
ARIZONA
CALIFORNIA
COLORADO
CONNECTICUT
FLORIDA
MAINE
MARYLAND
MASSACHUSETTS
NEW HAMPSHIRE
NEW JERSEY
NEW YORK
VIRGINIA
Recipient
Recipient CRD Number    None
Brian J. Lockett 4573162
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Independent Financial Group, LLC 7717
Street Address 1 Street Address 2
3500 188th Street SW, Suite 102
City State/Province/Country ZIP/Postal Code
Lynnwood WASHINGTON 98037
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
ALASKA
ARIZONA
CALIFORNIA
COLORADO
DELAWARE
FLORIDA
GEORGIA
HAWAII
IDAHO
KANSAS
KENTUCKY
MARYLAND
MICHIGAN
MISSOURI
MONTANA
NEBRASKA
NEVADA
NEW MEXICO
NORTH CAROLINA
OREGON
PENNSYLVANIA
SOUTH DAKOTA
TENNESSEE
TEXAS
UTAH
VIRGINIA
WASHINGTON
Recipient
Recipient CRD Number    None
John Kacheong Lee 2948622
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Independent Financial Group, LLC 7717
Street Address 1 Street Address 2
4305 Hacienda Drive, Suite 360
City State/Province/Country ZIP/Postal Code
Pleasanton CALIFORNIA 94588
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
CALIFORNIA
NEVADA
TEXAS
Recipient
Recipient CRD Number    None
Richard Lee Wagner 4575603
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Independent Financial Group, LLC 7717
Street Address 1 Street Address 2
3098 Highland Drive, Suite 490
City State/Province/Country ZIP/Postal Code
Salt Lake City UTAH 84106
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
ALABAMA
ALASKA
CALIFORNIA
FLORIDA
IDAHO
MISSOURI
MONTANA
NEBRASKA
NEVADA
NEW HAMPSHIRE
NEW YORK
NORTH CAROLINA
OREGON
TEXAS
UTAH
WASHINGTON
WYOMING
Recipient
Recipient CRD Number    None
Shunsuke Jimmy Fukushi 4933092
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Independent Financial Group, LLC 7717
Street Address 1 Street Address 2
18411 Crenshaw Boulevard, Suite 280
City State/Province/Country ZIP/Postal Code
Torrance CALIFORNIA 90504
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
CALIFORNIA
HAWAII
INDIANA
KENTUCKY
MASSACHUSETTS
NEW JERSEY
NEW YORK
TENNESSEE
WASHINGTON
Recipient
Recipient CRD Number    None
George Martin Hjorth 2209607
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Innovation Partners LLC 146344
Street Address 1 Street Address 2
5950 Fairview Road, Suite 140
City State/Province/Country ZIP/Postal Code
Charlotte NORTH CAROLINA 28210
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
ARIZONA
CALIFORNIA
IDAHO
ILLINOIS
KANSAS
NEVADA
NORTH CAROLINA
OREGON
SOUTH CAROLINA
UTAH
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
CALIFORNIA
CONNECTICUT
FLORIDA
MONTANA
NEW MEXICO
NEW YORK
OKLAHOMA
OREGON
TEXAS
VIRGINIA
Recipient
Recipient CRD Number    None
Paul M. Getty 6470002
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Lightpath 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
ARIZONA
CALIFORNIA
COLORADO
FLORIDA
MONTANA
NEVADA
NEW YORK
OHIO
OREGON
TEXAS
WASHINGTON
WISCONSIN
Recipient
Recipient CRD Number    None
Adam Jack Bryan 5443986
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
McDermott Investment Services, LLC 154926
Street Address 1 Street Address 2
10111 Petit Avenue
City State/Province/Country ZIP/Postal Code
North Hills CALIFORNIA 91343
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
CALIFORNIA
COLORADO
FLORIDA
INDIANA
MASSACHUSETTS
NEVADA
NEW HAMPSHIRE
NEW JERSEY
NEW YORK
OREGON
TEXAS
VIRGINIA
WASHINGTON
Recipient
Recipient CRD Number    None
Corbin Scott Thomas 4234748
(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
ALABAMA
ALASKA
ARIZONA
ARKANSAS
CALIFORNIA
COLORADO
CONNECTICUT
DISTRICT OF COLUMBIA
FLORIDA
GEORGIA
IDAHO
ILLINOIS
INDIANA
IOWA
KANSAS
KENTUCKY
LOUISIANA
MAINE
MARYLAND
MASSACHUSETTS
MINNESOTA
MISSISSIPPI
MISSOURI
MONTANA
NEBRASKA
NEVADA
NEW JERSEY
NEW MEXICO
NEW YORK
NORTH CAROLINA
NORTH DAKOTA
OHIO
OKLAHOMA
OREGON
PENNSYLVANIA
RHODE ISLAND
SOUTH CAROLINA
SOUTH DAKOTA
TEXAS
UTAH
VIRGINIA
WASHINGTON
WEST VIRGINIA
WISCONSIN
WYOMING
Recipient
Recipient CRD Number    None
David Harris Freedman 4765269
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
McDermott Investment Services, LLC 154926
Street Address 1 Street Address 2
44 East Broad Street, 2nd Floor
City State/Province/Country ZIP/Postal Code
Bethlehem PENNSYLVANIA 18018
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
CALIFORNIA
CONNECTICUT
FLORIDA
MAINE
NEW YORK
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
ALABAMA
ALASKA
ARIZONA
ARKANSAS
CALIFORNIA
COLORADO
CONNECTICUT
DELAWARE
DISTRICT OF COLUMBIA
FLORIDA
GEORGIA
HAWAII
IDAHO
ILLINOIS
INDIANA
IOWA
KANSAS
KENTUCKY
LOUISIANA
MAINE
MARYLAND
MASSACHUSETTS
MICHIGAN
MINNESOTA
MISSISSIPPI
MISSOURI
MONTANA
NEBRASKA
NEVADA
NEW HAMPSHIRE
NEW JERSEY
NEW MEXICO
NEW YORK
NORTH CAROLINA
NORTH DAKOTA
OHIO
OKLAHOMA
OREGON
PENNSYLVANIA
RHODE ISLAND
SOUTH CAROLINA
SOUTH DAKOTA
TEXAS
UTAH
VERMONT
VIRGINIA
WASHINGTON
WEST VIRGINIA
WISCONSIN
WYOMING
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
ARIZONA
ARKANSAS
CALIFORNIA
CONNECTICUT
DELAWARE
FLORIDA
INDIANA
LOUISIANA
NEVADA
NEW HAMPSHIRE
NEW JERSEY
NEW YORK
NORTH CAROLINA
PENNSYLVANIA
RHODE ISLAND
SOUTH CAROLINA
TEXAS
VERMONT
WASHINGTON
Recipient
Recipient CRD Number    None
Adam Young 6640146
(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
ARIZONA
CALIFORNIA
NEW YORK
NORTH CAROLINA
PENNSYLVANIA
RHODE ISLAND
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
CALIFORNIA
CONNECTICUT
NEW YORK
OHIO
PENNSYLVANIA
TENNESSEE
TEXAS
UTAH
Recipient
Recipient CRD Number    None
April Diane Guinchard 1729146
(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
CALIFORNIA
COLORADO
FLORIDA
ILLINOIS
MINNESOTA
MISSISSIPPI
NEW JERSEY
NEW YORK
OHIO
SOUTH CAROLINA
TEXAS
WISCONSIN
Recipient
Recipient CRD Number    None
Jason Scott Walter 6848536
(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
ARIZONA
LOUISIANA
MISSISSIPPI
SOUTH CAROLINA
TEXAS
Recipient
Recipient CRD Number    None
Jacob Trent Young 2778779
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Securities America, Inc. 10205
Street Address 1 Street Address 2
195 Aviation Way, Suite 101
City State/Province/Country ZIP/Postal Code
Watsonville CALIFORNIA 95076
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
ALABAMA
ALASKA
ARIZONA
CALIFORNIA
COLORADO
FLORIDA
IDAHO
OREGON
TEXAS
UTAH
WASHINGTON
Recipient
Recipient CRD Number    None
Barbara Jessup Williams 1050277
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Securities America, Inc. 10205
Street Address 1 Street Address 2
1917 Palomar Oaks Way, Suite 130
City State/Province/Country ZIP/Postal Code
Carlsbad CALIFORNIA 92008
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
ARIZONA
ARKANSAS
CALIFORNIA
COLORADO
CONNECTICUT
DISTRICT OF COLUMBIA
FLORIDA
GEORGIA
IDAHO
ILLINOIS
KANSAS
MARYLAND
MISSOURI
MONTANA
NEVADA
NEW JERSEY
NEW YORK
NORTH CAROLINA
OHIO
OKLAHOMA
OREGON
PENNSYLVANIA
TENNESSEE
TEXAS
VIRGINIA
WASHINGTON
WISCONSIN
Recipient
Recipient CRD Number    None
Terry Doyle Buskirk 1343379
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Securities America, Inc. 10205
Street Address 1 Street Address 2
321 West Avenue
City State/Province/Country ZIP/Postal Code
Holdrege NEBRASKA 68949
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
CALIFORNIA
COLORADO
IDAHO
ILLINOIS
INDIANA
IOWA
KANSAS
LOUISIANA
NEBRASKA
NEVADA
NEW JERSEY
SOUTH DAKOTA
VIRGINIA
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
ARIZONA
CALIFORNIA
FLORIDA
MONTANA
NEVADA
NEW YORK
OREGON
TEXAS
WASHINGTON
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
CALIFORNIA
NEW YORK
OREGON
TEXAS
WASHINGTON
Recipient
Recipient CRD Number    None
Jason S. Finley 6602034
(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
CALIFORNIA
NEVADA
TEXAS
WASHINGTON
Recipient
Recipient CRD Number    None
Deborah Ann Stackpole 4969850
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Stonecrest Capital Markets, Inc. 39616
Street Address 1 Street Address 2
45 N Broad, Suite 401
City State/Province/Country ZIP/Postal Code
Ridgewood NEW JERSEY 07450
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
ARIZONA
CALIFORNIA
CONNECTICUT
FLORIDA
NEW JERSEY
NEW YORK
Recipient
Recipient CRD Number    None
Edward Pius Kasperavich 4970038
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Stonecrest Capital Markets, Inc. 39616
Street Address 1 Street Address 2
45 N Broad, Suite 401
City State/Province/Country ZIP/Postal Code
Ridgewood NEW JERSEY 07450
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
ARIZONA
CALIFORNIA
FLORIDA
NEW JERSEY
NEW YORK
Recipient
Recipient CRD Number    None
Terry Donald Deever 4215379
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
TCFG Wealth Management, LLC 164153
Street Address 1 Street Address 2
340 Rosewood Avenue, Suite C
City State/Province/Country ZIP/Postal Code
Camarillo CALIFORNIA 93010
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
ARIZONA
CALIFORNIA
FLORIDA
WASHINGTON
Recipient
Recipient CRD Number    None
Alysia Lindberg 6046397
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
TCFG Wealth Management, LLC 164153
Street Address 1 Street Address 2
340 Rosewood Avenue, Suite C
City State/Province/Country ZIP/Postal Code
Camarillo CALIFORNIA 93010
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
ARIZONA
CALIFORNIA
FLORIDA
WASHINGTON
Recipient
Recipient CRD Number    None
David P. Dahill 6581024
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Thornhill Securities, Inc. 22333
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
ALABAMA
ALASKA
ARIZONA
ARKANSAS
CALIFORNIA
COLORADO
CONNECTICUT
DELAWARE
DISTRICT OF COLUMBIA
FLORIDA
GEORGIA
HAWAII
IDAHO
ILLINOIS
INDIANA
IOWA
KANSAS
KENTUCKY
LOUISIANA
MAINE
MARYLAND
MASSACHUSETTS
MICHIGAN
MINNESOTA
MISSISSIPPI
MISSOURI
MONTANA
NEBRASKA
NEVADA
NEW HAMPSHIRE
NEW JERSEY
NEW MEXICO
NEW YORK
NORTH CAROLINA
NORTH DAKOTA
OHIO
OKLAHOMA
OREGON
PENNSYLVANIA
RHODE ISLAND
SOUTH CAROLINA
SOUTH DAKOTA
TENNESSEE
TEXAS
UTAH
VERMONT
VIRGINIA
WASHINGTON
WEST VIRGINIA
WISCONSIN
WYOMING
Recipient
Recipient CRD Number    None
Thomas Book Jahncke 1078444
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Titan Securities 131392
Street Address 1 Street Address 2
16775 Addison Road, Suite 202
City State/Province/Country ZIP/Postal Code
Addison TEXAS 75001
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
ALABAMA
ALASKA
ARIZONA
ARKANSAS
CALIFORNIA
COLORADO
CONNECTICUT
DELAWARE
DISTRICT OF COLUMBIA
FLORIDA
GEORGIA
HAWAII
IDAHO
ILLINOIS
INDIANA
IOWA
KANSAS
KENTUCKY
LOUISIANA
MAINE
MARYLAND
MASSACHUSETTS
MICHIGAN
MINNESOTA
MISSISSIPPI
MISSOURI
MONTANA
NEBRASKA
NEVADA
NEW HAMPSHIRE
NEW JERSEY
NEW MEXICO
NEW YORK
NORTH CAROLINA
NORTH DAKOTA
OHIO
OKLAHOMA
OREGON
PENNSYLVANIA
RHODE ISLAND
SOUTH CAROLINA
SOUTH DAKOTA
TENNESSEE
TEXAS
UTAH
VERMONT
VIRGINIA
WASHINGTON
WEST VIRGINIA
WISCONSIN
WYOMING
Recipient
Recipient CRD Number    None
Donald Lee Wells 1217316
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Titan Securities 131392
Street Address 1 Street Address 2
16775 Addison Road, Suite 202
City State/Province/Country ZIP/Postal Code
Addison TEXAS 75001
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
CALIFORNIA
NEW JERSEY
WASHINGTON
Recipient
Recipient CRD Number    None
David Scott Coles 1143362
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Triad Advisors LLC 25803
Street Address 1 Street Address 2
23201 Lake Center Drive, Suite 214
City State/Province/Country ZIP/Postal Code
Lake Forest CALIFORNIA 92630
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
ARIZONA
CALIFORNIA
FLORIDA
KENTUCKY
MISSISSIPPI
MISSOURI
NEVADA
NEW HAMPSHIRE
NEW JERSEY
OHIO
TEXAS
UTAH
VIRGINIA
WASHINGTON
Recipient
Recipient CRD Number    None
Betty L. Friant 2122446
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Wealthforge Securities, LLC 152550
Street Address 1 Street Address 2
1101 Pennsylvania Avenue, N.W., Ste 300
City State/Province/Country ZIP/Postal Code
Washington DISTRICT OF COLUMBIA 20004
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
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
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

13. Offering and Sales Amounts

Total Offering Amount $35,825,000 USD
or    Indefinite
Total Amount Sold $35,825,000 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:
110

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 $3,134,687 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.

$4,978,748 USD
X Estimate

Clarification of Response (if Necessary):

Passco Sapphire Bay Depositor, LLC will be responsible for paying certain fees and costs of approximately $4,408,748.

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 Sapphire Bay DST Larry K. Sullivan Larry K. Sullivan President of the Sole Member of the Issuer's Manager 2020-04-17

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.