Ariel Investments Discloses 3.8% Stake in Adtalem; Sole Voting Power on 1.22M Shares

Rhea-AI Filing Summary

Ariel Investments, LLC reported beneficial ownership of 1,375,687 shares of Adtalem Global Education Inc common stock, representing 3.8% of the class. The filing discloses sole voting power over 1,215,284 shares and sole dispositive power over 1,375,687 shares.

The statement certifies the securities are held in the ordinary course of business and were not acquired to change or influence control. Adviser clients have the right to receive dividends or proceeds, and no client is listed with an economic interest exceeding 5% in the reported securities.

Insights

Financial Analyst

TL;DR: Non-controlling 3.8% stake disclosed; routine disclosure with limited immediate market impact.

The filing reports a 1,375,687-share position equivalent to 3.8% of Adtalem's common stock, below the 5% threshold that typically triggers greater investor scrutiny. Ariel reports sole voting power for 1,215,284 shares and sole dispositive power for the full position, indicating direct control over trading decisions for the holdings. The certification that the shares are held in the ordinary course and not to influence control supports a neutral market interpretation absent other concurrent disclosures or actions.

Corporate Governance Expert

TL;DR: Disclosure clarifies voting and dispositive authority while asserting no intent to influence control.

The Schedule 13G/A emphasizes that the position is held in the ordinary course of business and not for the purpose of changing control, which is a standard governance assertion for passive reporting. The filing also notes adviser clients may receive dividends or proceeds but that no single client holds more than 5% economic interest in the reported securities. From a governance perspective, this is a routine adviser disclosure that documents who has voting and disposition authority without indicating a change in corporate control or governance intent.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

Adtalem Global Education Inc

(Name of Issuer)

Common Stock SH SH

(Title of Class of Securities)

00737L103

(CUSIP Number)

06/30/2025

(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. 00737L103

1

Names of Reporting Persons

Ariel Investments, 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 1,215,284.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,375,687.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,375,687.00

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)

3.8 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Adtalem Global Education Inc
(b)	Address of issuer's principal executive offices: 500 West Monroe Street, Chicago, IL 60661
Item 2.
(a)	Name of person filing: Ariel Investments, LLC
(b)	Address or principal business office or, if none, residence: 200 E. Randolph Street, Suite 2900, Chicago, 60601, United States
(c)	Citizenship: DELAWARE LIMITED LIABILITY COMPANY
(d)	Title of class of securities: Common Stock SH SH
(e)	CUSIP No.: 00737L103
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: 1,375,687
(b)	Percent of class: 3.8 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,215,284
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1,375,687
	(iv) Shared power to dispose or to direct the disposition of: 0
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.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Ariel Investments, LLC's adviser clients have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, all securities reported upon this Schedule. None of Ariel Investments, LLC's clients have an economic interest in more than 5% of the subject securities reported upon this Schedule.
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.

Ariel Investments, LLC

Signature:	James Prescott
Name/Title:	Vice President, Compliance
Date:	08/13/2025

FAQ

What stake did Ariel Investments disclose in Adtalem (ATGE)?

Ariel Investments disclosed beneficial ownership of 1,375,687 shares, representing 3.8% of Adtalem's common stock class.

How many shares does Ariel have sole voting power over for ATGE?

The filing reports sole voting power over 1,215,284 shares of Adtalem common stock.

Does Ariel Investments have dispositive power over the ATGE shares?

Yes. Ariel reports sole dispositive power over 1,375,687 shares (the full position disclosed).

Is Ariel's position in ATGE a controlling stake or over 5%?

No. The reported position is 3.8%, which is below the 5% threshold commonly used to denote larger, potentially controlling stakes.

Are the ATGE shares held on behalf of clients or for control?

The filing states the securities are held in the ordinary course of business and were not acquired to change or influence control; adviser clients have rights to dividends or proceeds and no client holds >5% economic interest.