Form SCHEDULE 13G RCI HOSPITALITY HOLDINGS Filed by: Ash X LP

For each of the Reporting Persons: 825 Third Avenue, Floor 17, New York, New York 10022.

(i) Ash X is a Delaware limited partnership, (ii) RLG GP is a Delaware limited liability company, (iii) RLG Capco II is a Delaware limited liability company, (iv) the Adviser is a Delaware limited liability company, (v) Gotham Parent is a Delaware limited partnership, (vi) GP of Gotham Parent is a Delaware limited liability company, (vii) Robert Goldstein is a United States citizen, and (viii) Joel Greenblatt is a United States citizen.

As of March 27, 2026, Ash X was the direct holder and beneficial owner of 293,237 shares of Common Stock, par value $0.01 per share ("Common Stock") of RCI Hospitality Holdings, Inc. (the "Issuer"). As of December 31, 2025, Ash X was the direct holder and beneficial owner of 313,237 shares of Common Stock of the Issuer. As the General Partner of Ash X, RLG GP may have been deemed to have exercised voting and investment power over such shares of Common Stock of the Issuer that were directly held by Ash X and thus may have been deemed to have beneficially owned such shares of Common Stock. As the Managing Member of RLG GP, Robert Goldstein may have been deemed to have exercised voting and investment power over such shares of Common Stock of the Issuer that were directly held by Ash X and thus may have been deemed to have beneficially owned such shares of Common Stock. As of March 27, 2026, RLG Capco II was the direct holder and beneficial owner of 87,277 shares of Common Stock of the Issuer. As of December 31, 2025, RLG Capco II was the direct holder and beneficial owner of 107,277 shares of Common Stock of the Issuer. As the Manager of RLG Capco II, Robert Goldstein may have been deemed to have exercised voting and investment power over such shares of Common Stock of the Issuer that were held directly by RLG Capco II and thus may have been deemed to have beneficially owned such shares of Common Stock. As of March 27, 2026, a certain managed account for which the Adviser serves as investment manager was the direct holder of 42 shares of Common Stock. As of December 31, 2025, a certain investment vehicle and certain managed accounts for which the Adviser serves as investment manager were the direct holders of 223 shares of Common Stock in the aggregate. As the investment manager for the above-mentioned investment vehicle and managed accounts, the Adviser may have been deemed to have exercised voting and investment power over such shares of Common Stock of the Issuer that were directly held by the investment vehicle and managed accounts and thus may have been deemed to have beneficially owned such shares of Common Stock. As the sole owner of the Adviser, Gotham Parent may have been deemed to have exercised voting and investment power over such shares of Common Stock of the Issuer that were directly held by the above-mentioned investment vehicle and managed accounts and thus may have been deemed to have beneficially owned such shares of Common Stock. As the general partner of Gotham Parent, GP of Gotham Parent may have been deemed to have exercised voting and investment power over such shares of Common Stock of the Issuer that were directly held by the above-mentioned investment vehicle and managed accounts and thus may have been deemed to have beneficially owned such shares of Common Stock. As the members and managers of GP of Gotham Parent, Robert Goldstein and Joel Greenblatt may have been deemed to have exercised voting and investment power over such shares of Common Stock of the Issuer that were directly held by the above-mentioned investment vehicle and managed accounts and thus may have been deemed to have beneficially owned such shares of Common Stock.

As of March 27, 2026, Ash X and RLG GP may have been deemed to have each beneficially owned approximately 3.8% of the shares of Common Stock of the Issuer outstanding. As of December 31, 2025, Ash X and RLG GP may have been deemed to have each beneficially owned approximately 4.0% of the shares of Common Stock of the Issuer outstanding. As of March 27, 2026, RLG Capco II may have been deemed to have each beneficially owned approximately 1.1% of the shares of Common Stock of the Issuer outstanding. As of December 31, 2025, RLG Capco II may have been deemed to have beneficially owned approximately 1.4% of the shares of Common Stock of the Issuer outstanding. As of March 27, 2026, the Adviser, Gotham Parent and GP of Gotham Parent may have been deemed to have each beneficially owned less than 0.1% of the shares of Common Stock outstanding. As of December 31, 2025, the Adviser, Gotham Parent and GP of Gotham Parent may have been deemed to have each beneficially owned less than 0.1% of the shares of Common Stock outstanding. As of March 27, 2026, Robert Goldstein may have been deemed to have beneficially owned approximately 4.9% of the shares of Common Stock of the Issuer outstanding. As of December 31, 2025, Robert Goldstein may have been deemed to have beneficially owned approximately 5.4% of the shares of Common Stock of the Issuer outstanding. As of March 27, 2026, Joel Greenblatt may have been deemed to have beneficially owned less than 0.1% of the shares of Common Stock of the Issuer outstanding. As of December 31, 2025, Joel Greenblatt may have been deemed to have beneficially owned less than 0.1% of the shares of Common Stock of the Issuer outstanding. The percentages used for calculating beneficial ownership as of March 27, 2026, are based on 7,710,000 shares of Common Stock outstanding as of March 13, 2026, as disclosed in the Issuer's Form 10-K filed with the Securities and Exchange Commission on March 19, 2026. The percentages used for calculating beneficial ownership as of December 31, 2025, are based on 7,812,000 shares of Common Stock outstanding as of December 12, 2025, as disclosed in Exhibit 99.1 to the Issuer's Form 8-K filed with the Securities and Exchange Commission on December 15, 2025.  %

As of March 27, 2026, Ash X and RLG GP each may have been deemed to have had sole power to vote or to direct the vote of 293,237 shares of Common Stock of the Issuer. As of December 31, 2025, Ash X and RLG GP each may have been deemed to have had sole power to vote or to direct the vote of 313,237 shares of Common Stock of the Issuer. As of March 27, 2026, RLG Capco II may have been deemed to have had sole power to vote or to direct the vote of 87,277 shares of Common Stock of the Issuer. As of December 31, 2025, RLG Capco II may have been deemed to have had sole power to vote or to direct the vote of 107,277 shares of Common Stock of the Issuer. As of March 27, 2026, the Adviser, Gotham Parent and GP of Gotham Parent may have been deemed to have had sole power to vote or to direct the vote of 42 shares of Common Stock of the Issuer. As of December 31, 2025, the Adviser, Gotham Parent and GP of Gotham Parent may have been deemed to have had sole power to vote or to direct the vote of 223 shares of Common Stock of the Issuer. As of March 27, 2026, Robert Goldstein may have been deemed to have had sole power to vote or to direct the vote of 380,514 shares of Common Stock of the Issuer. As of December 31, 2025, Robert Goldstein may have been deemed to have had sole power to vote or to direct the vote of 420,514 shares of Common Stock of the Issuer. As of March 27, 2026, Joel Greenblatt may have been deemed to have had sole power to vote or to direct the vote of 0 shares of Common Stock of the Issuer. As of December 31, 2025, Joel Greenblatt may have been deemed to have had sole power to vote or to direct the vote of 0 shares of Common Stock of the Issuer.

As of March 27, 2026, each of Robert Goldstein and Joel Greenblatt may have been deemed to have had shared power to vote or to direct the vote of 42 shares of Common Stock of the Issuer. As of December 31, 2025, each of Robert Goldstein and Joel Greenblatt may have been deemed to have had shared power to vote or to direct the vote of 223 shares of Common Stock of the Issuer. As of March 27, 2026, each of the Reporting Persons other than Robert Goldstein and Joel Greenblatt may have been deemed to have had shared power to vote or to direct the vote of 0 shares of Common Stock of the Issuer. As of December 31, 2025, each of the Reporting Persons other than Robert Goldstein and Joel Greenblatt may have been deemed to have had shared power to vote or to direct the vote of 0 shares of Common Stock of the Issuer.

As March 27, 2026, Ash X and RLG GP each may have been deemed to have had sole power to dispose or to direct the disposition of 293,237 shares of Common Stock of the Issuer. As of December 31, 2025, Ash X and RLG GP each may have been deemed to have had sole power to dispose or to direct the disposition of 313,237 shares of Common Stock of the Issuer. As of March 27, 2026, RLG Capco II may have been deemed to have had sole power to dispose or to direct the disposition of 87,277 shares of Common Stock of the Issuer. As December 31, 2025, RLG Capco II may have been deemed to have had sole power to dispose or to direct the disposition of 107,277 shares of Common Stock of the Issuer. As of March 27, 2026, the Adviser, Gotham Parent and GP of Gotham Parent may have been deemed to have had sole power to dispose or to direct the disposition of 42 shares of Common Stock of the Issuer. As of December 31, 2025, the Adviser, Gotham Parent and GP of Gotham Parent may have been deemed to have had sole power to dispose or to direct the disposition of 223 shares of Common Stock of the Issuer. As of March 27, 2026, Robert Goldstein may have been deemed to have had sole power to dispose or to direct the disposition of 380,514 shares of Common Stock of the Issuer. As of December 31, 2025, Robert Goldstein may have been deemed to have had sole power to dispose or to direct the disposition of 420,514 shares of Common Stock of the Issuer. As of March 27, 2026, Joel Greenblatt may have been deemed to have had sole power to dispose or to direct the disposition of 0 shares of Common Stock of the Issuer. As of December 31, 2025, Joel Greenblatt may have been deemed to have had sole power to dispose or to direct the disposition of 0 shares of Common Stock of the Issuer.

As of March 27, 2026, each of Robert Goldstein and Joel Greenblatt may have been deemed to have had shared power to dispose or to direct the disposition of 42 shares of Common Stock of the Issuer. As of December 31, 2025, each of Robert Goldstein and Joel Greenblatt may have been deemed to have had shared power to dispose or to direct the disposition of 223 shares of Common Stock of the Issuer. As of March 27, 2026, each of the Reporting Persons other than Robert Goldstein and Joel Greenblatt may have been deemed to have had shared power to dispose or to direct the disposition of 0 shares of Common Stock of the Issuer. As of December 31, 2025, each of the Reporting Persons other than Robert Goldstein and Joel Greenblatt may have been deemed to have had shared power to dispose or to direct the disposition of 0 shares of Common Stock of the Issuer.

The disclosure regarding the relationship between the Reporting Persons in Item 4 is incorporated by reference herein.