Ariel Investments (ATGE) reports 5.2% ownership stake in Adtalem

Rhea-AI Filing Summary

Ariel Investments, LLC reported beneficial ownership of 1,897,628 shares of Adtalem Global Education Inc common stock, representing 5.2% of the class as of 12/31/2025. Ariel has sole voting power over 1,671,303 shares and sole dispositive power over all 1,897,628 shares.

The shares are held for Ariel’s adviser clients, who are entitled to dividends and sale proceeds, but no single client has more than 5% of the outstanding stock. Ariel certifies the position is held in the ordinary course of business and not for the purpose of changing or influencing control of Adtalem.

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Accepted by SEC EDGAR 02/13/2026 - 10:37 AM Learn about SEC filing dates

FAQ

What stake in Adtalem Global Education Inc (ATGE) does Ariel Investments report?

Ariel Investments reports beneficial ownership of 1,897,628 Adtalem shares, representing 5.2% of the common stock as of 12/31/2025. This Schedule 13G reflects Ariel’s holdings on behalf of its advisory clients, not a direct issuer transaction.

How much voting and dispositive power does Ariel Investments have over ATGE shares?

Ariel Investments has sole voting power over 1,671,303 shares and sole dispositive power over 1,897,628 shares of Adtalem common stock. It reports no shared voting or shared dispositive power, indicating centralized control over how these reported shares are voted and disposed.

Are Ariel Investments’ clients significant holders of Adtalem (ATGE) stock?

Ariel’s advisory clients benefit from dividends and sale proceeds on all reported Adtalem shares, but no individual client holds more than 5% of the class. The 5.2% stake is aggregated at the Ariel level, not concentrated in a single client account.

Is Ariel Investments seeking to influence control of Adtalem Global Education Inc (ATGE)?

Ariel certifies the Adtalem shares were acquired and are held in the ordinary course of business and not for changing or influencing control of the company. The position is reported on Schedule 13G, which is typically used for passive ownership stakes.

What type of reporting person is Ariel Investments in this ATGE Schedule 13G?

Ariel Investments, LLC is organized in Delaware and files as an investment adviser under Rule 13d-1(b)(1)(ii)(E). The firm reports its discretionary authority and beneficial ownership over Adtalem shares held in client accounts under its management.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Adtalem Global Education Inc

(Name of Issuer)

Common Stock SH SH

(Title of Class of Securities)

00737L103

(CUSIP Number)

12/31/2025

(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. 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 1,671,303.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,897,628.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,897,628.00

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)

5.2 %

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: 233 S. Wacker Drive, Suite 800, Chicago, IL, 60606, United States
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
(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: 1,897,628
(b)	Percent of class: 5.2 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,671,303
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1,897,628
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
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:	02/13/2026