Accuray Ownership: Neuberger Berman Files Amended 13G at 4.7%

Rhea-AI Filing Summary

Accuray Inc. (ARAY) has received an amended Schedule 13G filing (Amendment No. 5) from Neuberger Berman Group LLC and Neuberger Berman Investment Advisers LLC. As of 07/31/2025 the Neuberger entities beneficially own 5,242,373 common shares, equal to 4.65 % of Accuray’s outstanding stock. The institutions report shared voting power over 3,991,789 shares and shared dispositive power over the full 5,242,373 shares; they hold no sole voting or dispositive authority. Because the position now falls below the 5 % threshold, Item 5 (“ownership of 5 % or less”) is checked. The filing is made under Rule 13d-1(b), classifying the filers as a parent holding company (HC) and an investment adviser (IA). The signatory, Managing Director Brad Cetron, certifies that the shares were acquired in the ordinary course of business and not to influence control of Accuray.

Positive

• Institutional support: Neuberger Berman still holds 4.65 % of ARAY, signalling continued, if reduced, confidence.

Negative

• Stake below 5 %: Position drop below the Schedule 13D/G reporting threshold may imply recent share sales or dilution.

Insights

Financial Analyst

TL;DR – Neutral: institutional holder discloses 4.65 % stake, below 5 % reporting line.

The amended 13G shows Neuberger Berman’s aggregate position at 5.24 million shares, worth roughly US$(market-value depends on price). Falling under 5 % suggests recent selling or share-count dilution, but the group remains a meaningful institutional owner with almost 4.7 % of the float and retains full shared dispositive authority. The ordinary-course certification indicates no activist intent. From a valuation perspective, the disclosure neither strengthens nor weakens Accuray’s fundamentals; it simply updates ownership transparency.

Corporate Governance Specialist

TL;DR – Governance impact minimal; no control intent declared.

The filing satisfies Exchange Act obligations after Neuberger’s stake slipped beneath the 5 % threshold. Because the entities disclaim beneficial ownership and certify non-control intent, board or strategic influence is unlikely. Investors should monitor future amendments for activist escalation, but current disclosure is routine and not impactful to governance dynamics.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 5)

ACCURAY INC

(Name of Issuer)

Common

(Title of Class of Securities)

004397105

(CUSIP Number)

07/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 004397105

1

Names of Reporting Persons

Neuberger Berman Group LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 3,991,789.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,242,373.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,242,373.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.7 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP No. 004397105

1

Names of Reporting Persons

Neuberger Berman Investment Advisers LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 3,796,173.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,046,757.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,046,757.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.5 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: ACCURAY INC
(b)	Address of issuer's principal executive offices: 1310 CHESAPEAKE TERRACE, SUNNYVALE, CA, 94089.
Item 2.
(a)	Name of person filing: Neuberger Berman Group LLC Neuberger Berman Investment Advisers LLC
(b)	Address or principal business office or, if none, residence: 1290 Avenue of the Americas New York, NY 10104
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common
(e)	CUSIP No.: 004397105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 5242373 Neuberger Berman Trust Co N.A., Neuberger Berman Trust Co of Delaware N.A., Neuberger Berman Asia Ltd., Neuberger Berman Canada ULC, and Neuberger Berman Investment Advisers LLC and certain affiliated persons may be deemed to beneficially own the securities covered by this report in their various fiduciary capacities by virtue of the provisions of Exchange Act Rule 13d-3. Neuberger Berman Group LLC, through its subsidiaries Neuberger Berman Investment Advisers Holdings LLC and Neuberger Trust Holdings LLC controls Neuberger Berman Trust Co N.A., Neuberger Berman Asia Ltd., Neuberger Berman Canada ULC, Neuberger Berman Trust Co of Delaware N.A. and Neuberger Berman Investment Advisers LLC and certain affiliated persons. This report is not an admission that any of these entities are the beneficial owner of the securities covered by this report and each of Neuberger Berman Group LLC, Neuberger Berman Investment Advisers Holdings LLC, Neuberger Trust Holdings LLC, Neuberger Berman Trust Co N.A., Neuberger Berman Asia Ltd., Neuberger Berman Canada ULC, Neuberger Berman Trust Co of Delaware N.A. and Neuberger Berman Investment Advisers LLC and certain affiliated persons disclaim beneficial ownership of the securities covered by this statement pursuant to Exchange Act Rule 13d-4. The information in this filing reports securities of the issuer that may be deemed to be beneficially owned by Neuberger Berman Group LLC, Neuberger Berman Investment Advisers Holdings LLC, Neuberger Trust Holdings LLC, Neuberger Berman Trust Co N.A., Neuberger Berman Asia Ltd., Neuberger Berman Canada ULC, Neuberger Berman Trust Co of Delaware N.A. and Neuberger Berman Investment Advisers LLC ("NBG Filers"). The securities of the issuer, if any, that may be deemed to be beneficially owned by NB Alternatives Advisers LLC and other subsidiaries of Neuberger Berman Group LLC that are separated from the NBG Filers by an information barrier in accordance with SEC Release No. 34-39538 (January 12, 1998) are not reflected in this filing.
(b)	Percent of class: 4.65 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 3991789
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 5242373
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Neuberger Berman Group LLC

Signature:	Brad Cetron
Name/Title:	Brad Cetron - Managing Director
Date:	08/05/2025

Neuberger Berman Investment Advisers LLC

Signature:	Brad Cetron
Name/Title:	Brad Cetron - Managing Director
Date:	08/05/2025

FAQ

How many Accuray (ARAY) shares does Neuberger Berman own?

The amended 13G reports 5,242,373 common shares beneficially owned.

What percentage of Accuray’s outstanding stock does this represent?

The filing states 4.65 % of the common shares outstanding.

Does Neuberger Berman have sole voting power over any ARAY shares?

No. Sole voting power is 0; all voting authority is shared on 3,991,789 shares.

Why was the Schedule 13G/A filed?

Rule 13d-1(b) requires institutional investors to update ownership; the stake now sits below 5 %.

Who signed the filing on behalf of Neuberger Berman?

Managing Director Brad Cetron signed on 08/05/2025.

Is Neuberger Berman seeking control of Accuray?

No. The certification states the shares were acquired in the ordinary course and not to change or influence control.