California Files

Raymond Liu › Form 700

Raymond Liu: 2026 Candidate statement

Candidate 2026
Senator, State Senate · due 2026-03-06
Filed
2026-04-01 · signed 04/01/2026 02:00 AM
Source
Read from the FPPC's structured data, checked against the PDF · the PDF (7 p.) · FPPC portal

Findings

Context Late or missing

Filed 26 days after its due date (2026-03-06)

This candidate statement for Senator was due 2026-03-06 and filed 2026-04-01.

What to check
  • Whether the due date shown was extended, or the statement was filed on paper first.
  • The filing officer decides whether a late fine applies.
Rule: Filed after the due date
“The filing officer who retains originally-signed or electronically filed statements of economic interests may impose on an individual a fine for any statement that is filed late. The fine is $10 per”Form 700 (2025/2026), Late Filing ✓ quoted from the saved copy · how this rule works

Context Campaign money

Put $25,000 of their own into the State Senate District 10 campaign (86% of its money)

Itemized money to LIU FOR STATE SENATE DISTRICT 10 2026; RAYMOND through Cal-Access reports in 2025-2026: $4,010 in contributions, of which $0 from the candidate, plus $25,000 in loans from the candidate.

What to check
  • Context, not a problem: candidates may fund their own campaigns.
  • Loans can be repaid from later contributions (Cal-Access Schedule B).
Rule: Candidate's own money in the campaign

How this rule works

Schedule A-1 · Investments (under 10%) 23

NameBusinessValue
AirBnBTech$2,000–$10,000
AmazonTech · Call Options$2,000–$10,000
AmazonTech$10,001–$100,000
Apple Inc.Tech$10,001–$100,000
Block IncTech$2,000–$10,000
Capitol OneBanking/Finance$10,001–$100,000
FigmaTech$2,000–$10,000
GoogleTech · Call Options$10,001–$100,000
MetaTech/Social Media$10,001–$100,000
MicrosoftTech · Call Options$10,001–$100,000
MicrosoftTech$10,001–$100,000
Nova Ltd.Metrology for Semiconductor Manufacturing · Call and Bull Put Spread Option$2,000–$10,000
Nova Ltd.Metrology for Semiconductor Manufacturing$10,001–$100,000
NvidiaTech$100,001–$1,000,000
OpenDoorTech · Call Option$2,000–$10,000
Palo Alto NetworksTech · Call Options$10,001–$100,000
RedditTech/Social Media · Call Options$10,001–$100,000
ShopifyTech · Call Options$10,001–$100,000
ShopifyTech$10,001–$100,000
SnowflakeTech$10,001–$100,000
TeslaTech/Automotive$2,000–$10,000
TwilioTech$10,001–$100,000
WalmartRetail$2,000–$10,000

Schedule C · Income and business positions 3

SourceIncome
Amazon
410 Terry Ave N, Seattle, WA 98109		$1,001–$10,000
Other: Sale of Amazon Call Option.
Microsoft
1 Microsoft Way, Redmond, WA 98052, USA		$1,001–$10,000
Other: Sold Microsoft Call Option.
Walmart
Software Engineer · 702 SW 8th Street, Bentonville, AR		$10,001–$100,000
Salary

The filer's comments

A-1 I've seperated stocks/call options since options are not technically stocks. I both exercised and sold some of the Amazon Call Options.

A-1 OpenDoor Call Option expired worthless.

A-1 Later exercised the Shopify call in January. Nova Call Option expired worthless.

A-1 Stock in Block Inc. briefly hit above $2,000, since has declined.

C Annual total salary for Walmart is over $100,000, but I left the position in March 2025, so throughout the period, I only received between $10,001 and $100,000