Conduent Inc
A technology company that runs the behind-the-scenes operations for businesses and governments, handling customer-service calls, documents, Medicaid claims, benefit payments, and highway tolling for large enterprises and public agencies. It was spun off from Xerox in 2017, with roots tracing back to Affiliated Computer Services, which Xerox had bought earlier. Its name was coined to echo the word "conduit," reflecting its role as a channel connecting organizations to the people they serve.
Item 4 is hereby amended to add the following: On December 2, 2025, Darwin Deason passed away. Pursuant to the terms of the Last Will and Testament of Darwin Deason (the "Will") and applicable law, admitted to probate on February 2, 2026, the 12,320,307 Shares beneficially owned by Mr. Deason were transferred to the Trust. On February 6, 2026, the appropriate court issued Letters Testamentary appointing the Executors as the personal representatives of the Trust. Consequently, the Executors have acquired shared voting and dispositive power over the Shares held by the Trust. The Trust holds the Shares for investment purposes and for the administration and eventual distribution of the Trust's assets in accordance with the Will. The Executors, in their capacity as fiduciaries of the Trust, will continuously evaluate the Issuer's business, financial condition, and the market for the Shares. Depending on market conditions and other factors, the Trust may acquire additional Shares or dispose of some or all of the Shares in the open market, in privately negotiated transactions, or by distribution to the beneficiaries of the Trust. Except as described in this Item 4, the Executors do not presently have any plans or proposals that relate to or would result in any of the matters set forth in subparagraphs (a) through (j) of Item 4 of Schedule 13D.
| Holder | Schedule | % of class | Shares | Filed |
|---|---|---|---|---|
| Miller Value Partners, LLC | 13G/APassive | 8.38% | 0 | Aug 7, 2026 |
| William H. Miller IV | 13G/APassive | 8.38% | 0 | Aug 7, 2026 |
| Dimensional Fund Advisors LP | 13G/APassive | 4.9% | 7.60M | Apr 9, 2026 |
| The Vanguard Group | 13G/APassive | 0% | 0 | Mar 26, 2026 |
| DD REVOCABLE TRUST | 13D/AActivist | 7.59% | 12.32M | Feb 13, 2026 |
Item 4 is hereby amended to add the following: On December 2, 2025, Darwin Deason passed away. Pursuant to the terms of the Last Will and Testament of Darwin Deason (the "Will") and applicable law, admitted to probate on February 2, 2026, the 12,320,307 Shares beneficially owned by Mr. Deason were transferred to the Trust. On February 6, 2026, the appropriate court issued Letters Testamentary appointing the Executors as the personal representatives of the Trust. Consequently, the Executors have acquired shared voting and dispositive power over the Shares held by the Trust. The Trust holds the Shares for investment purposes and for the administration and eventual distribution of the Trust's assets in accordance with the Will. The Executors, in their capacity as fiduciaries of the Trust, will continuously evaluate the Issuer's business, financial condition, and the market for the Shares. Depending on market conditions and other factors, the Trust may acquire additional Shares or dispose of some or all of the Shares in the open market, in privately negotiated transactions, or by distribution to the beneficiaries of the Trust. Except as described in this Item 4, the Executors do not presently have any plans or proposals that relate to or would result in any of the matters set forth in subparagraphs (a) through (j) of Item 4 of Schedule 13D. | ||||
| Neuberger Berman Group LLC | 13G/APassive | 10.2% | 15.62M | Dec 3, 2025 |
| Neuberger Berman Investment Advisers LLC | 13G/APassive | 9.6% | 14.70M | Dec 3, 2025 |
| BlackRock, Inc. | 13G/APassive | 6.9% | 11.10M | Jul 16, 2025 |