Form CRS Customer Relationship Summary 

December 2024 Introduction

Intrepid Technology LLC (the “Firm”) is registered with the Securities and Exchange Commission (SEC) as an investment adviser. Brokerage and investment advisory services and fees differ, and it is important for you to understand these differences. Free and simple tools are available to research firms and financial professionals at Investor.gov/CRS, which also provides educational materials about broker-dealers, investment advisers, and investing.

What investment services and advice can you provide me?

We offer investment advisory services to U.S. individuals. Our account minimum is $100,000. We employ sophisticated algorithms to continually monitor a wide range of institutional data sources to identify systematic market opportunities and to make immediate trading decisions. These algorithms are developed, overseen, and monitored by our investment advisory personnel. When clients open an account, our proprietary algorithm determines our recommended investments based on answers to our initial client questionnaire completed by the client at onboarding.

We accept discretionary authority over client assets. While we do not accept custody of client assets, we work with a qualified custodian.

For additional information, please see Form ADV, Part 2A brochure (Item 4)

Conversation Starters. Questions to ask your Adviser:

Given my financial situation, should I choose to work with an investment adviser? Why or why not?

How will you choose investments to recommend to me?

What is your relevant experience, including your licenses, education, and other qualifications? What do these qualifications mean?

What fees will I pay?

The Advisor is entitled to receive a performance-based fee of 35%. The Advisor has discretion with respect to setting the performance-based fee and determining whether to reduce or waive the fee. The Advisor will receive representations from each client that each client meets the net worth and other requirements of Section 205 of the Investment Advisors Act of 1940.

Charging a performance-based fee may create conflicts of interest, including an incentive for the Advisor to engage in riskier or more speculative investments on behalf of our clients than might otherwise be the case.

In addition, in allocating investment opportunities, it is possible that the Advisor could have an incentive to favor clients with a potential for higher performance-based compensation over clients with lower or no performance-based compensation. You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying.