Material Event (Form 8-K)

The registrant has filed a prospectus, dated June 4, 2026, setting forth a description of the pool of leases and related leased vehicles and the structure of $144,000,000 aggregate principal amount of the Class A-1 Asset Backed Notes (the "Class A-1 Notes"), $278,500,000 aggregate principal amount of the Class A-2a Asset Backed Notes (the "Class A-2a Notes"), $75,000,000 aggregate principal amount of the Class A-2b Asset Backed Notes (the "Class A-2b Notes"), $353,500,000 aggregate principal amount of the Class A-3 Asset Backed Notes (the "Class A-3 Notes"), and $60,000,000 aggregate principal amount of the Class A-4 Asset Backed Notes (the "Class A-4 Notes" and collectively with the Class A-1 Notes, the Class A-2a Notes, the Class A-2b Notes and the Class A-3 Notes, the "Notes") issued by Porsche Innovative Lease Owner Trust 2026-1.

This Current Report on Form 8-K is being filed in connection with the issuance of the Notes to satisfy an undertaking to file unqualified legality and tax opinions at the time of each takedown from the Registration Statement. Copies of the legality and tax opinions delivered by Mayer Brown LLP, counsel to Porsche Auto Funding LLC, in connection with the issuance of the Notes are attached hereto as Exhibits 5.1 and 8.1, respectively and a copy of the legality opinion delivered by Richards, Layton and Finger, P.A., counsel to Porsche Leasing Ltd., in connection with the issuance of the Notes is attached hereto as Exhibit 5.2.