Spruce House group reports just over 5% stake in Cimpress (NASDAQ: CMPR)

Rhea-AI Filing Summary

Spruce House-affiliated investors report owning just over 5% of Cimpress plc’s ordinary shares. The filing states that Spruce House entities collectively may be deemed beneficial owners of 1,222,633 shares of Cimpress, based on 24,232,090 shares outstanding as of April 27, 2026.

Individuals Zachary Sternberg and Benjamin Stein each report direct holdings of 17,873 and 16,805 shares, respectively, plus shared voting and dispositive power over the 1,222,633 shares held by The Spruce House Partnership LLC. Sternberg also holds 5,128 unvested performance stock units that are excluded from these ownership calculations.

The group notes it may be deemed a “person” or “group” under Section 13(d)(3), but each reporting person disclaims beneficial ownership beyond their pecuniary interest. The filing also states there have been no Cimpress share transactions by these reporting persons in the past 60 days.

Insights

Equity ownership and governance analyst

Spruce House reports a stable, just-over-5% position in Cimpress with no recent trading.

The filing shows Spruce House entities and principals collectively around a 5% stake in Cimpress plc, with 1,222,633 shares attributed to The Spruce House Partnership LLC. This level is large enough to matter in governance terms but not a controlling stake.

The disclosure clarifies how ownership is spread across LLCs and the two managers, Zachary Sternberg and Benjamin Stein, including their direct holdings. It also notes unvested performance stock units held by Sternberg that do not yet count toward ownership.

The group reports no Cimpress share transactions in the past sixty days, suggesting the position has been steady recently. Future company filings may provide more detail if this ownership level changes or if the group alters its intentions regarding its investment.

Key Figures

Spruce Partnership holdings: 1,222,633 shares Spruce Partnership ownership percentage: 5.05% Cimpress shares outstanding: 24,232,090 shares +5 more

8 metrics

Spruce Partnership holdings 1,222,633 shares Shares held by The Spruce House Partnership LLC

Spruce Partnership ownership percentage 5.05% Portion of Cimpress outstanding shares

Cimpress shares outstanding 24,232,090 shares Outstanding as of April 27, 2026

Zachary Sternberg total reported stake 1,240,506 shares (5.12%) Direct and deemed beneficial ownership

Benjamin Stein total reported stake 1,239,438 shares (5.11%) Direct and deemed beneficial ownership

Sternberg direct holdings 17,873 shares Directly beneficially owned Cimpress shares

Stein direct holdings 16,805 shares Directly beneficially owned Cimpress shares

Unvested performance stock units 5,128 units Cimpress PSUs held by Sternberg, excluded from ownership %s

Key Terms

beneficial owner, shared voting power, shared dispositive power, performance stock units, +1 more

5 terms

beneficial owner financial

"may be deemed the beneficial owner of the 1,222,633 Shares owned by Spruce Partnership"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

shared voting power financial

"Shared Voting Power 1,222,633.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

shared dispositive power financial

"Shared Dispositive Power 1,222,633.00"

performance stock units financial

"Mr. Sternberg also holds unvested performance stock units representing 5,128 Shares"

Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.

Section 13(d)(3) regulatory

"may be deemed to constitute a "person" or "group" within the meaning of Section 13(d)(3) of the Exchange Act"

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 3)

Cimpress plc

(Name of Issuer)

Ordinary Shares, nominal value of (euro)0.01 per share

(Title of Class of Securities)

G2143T103

(CUSIP Number)

Attention: Keith Cozza
Spruce House Investment Management LLC, 435 Hudson Street, Suite 804
New York, NY, 10014
(646) 661-1774

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

05/01/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): G2143T103

1

Name of reporting person

SPRUCE HOUSE INVESTMENT MANAGEMENT LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,222,633.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,222,633.00

11

Aggregate amount beneficially owned by each reporting person

1,222,633.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

5.05 %

14

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13D

CUSIP Number(s): G2143T103

1

Name of reporting person

SPRUCE HOUSE CAPITAL LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,222,633.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,222,633.00

11

Aggregate amount beneficially owned by each reporting person

1,222,633.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

5.05 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): G2143T103

1

Name of reporting person

THE SPRUCE HOUSE PARTNERSHIP LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,222,633.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,222,633.00

11

Aggregate amount beneficially owned by each reporting person

1,222,633.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

5.05 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): G2143T103

1

Name of reporting person

ZACHARY STERNBERG

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF, PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 17,873.00
8	Shared Voting Power 1,222,633.00
9	Sole Dispositive Power 17,873.00
10	Shared Dispositive Power 1,222,633.00

11

Aggregate amount beneficially owned by each reporting person

1,240,506.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

5.12 %

14

Type of Reporting Person (See Instructions)

IN, HC

SCHEDULE 13D

CUSIP Number(s): G2143T103

1

Name of reporting person

BENJAMIN STEIN

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF, PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 16,805.00
8	Shared Voting Power 1,222,633.00
9	Sole Dispositive Power 16,805.00
10	Shared Dispositive Power 1,222,633.00

11

Aggregate amount beneficially owned by each reporting person

1,239,438.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

5.11 %

14

Type of Reporting Person (See Instructions)

IN, HC

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Ordinary Shares, nominal value of (euro)0.01 per share
(b)	Name of Issuer: Cimpress plc
(c)	Address of Issuer's Principal Executive Offices: 435 Hudson Street, Suite 804, New York, NEW YORK , 10014.
Item 5.	Interest in Securities of the Issuer
(a)	The aggregate percentage of Shares beneficially owned by each Reporting Person is based upon 24,232,090 Shares outstanding as of April 27, 2026, which is the total number of Shares outstanding as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on May 1, 2026. As of the date hereof, Spruce Investment, as the investment adviser of Spruce AI and Spruce QP, which are each members of Spruce Partnership, may be deemed the beneficial owner of the 1,222,633 Shares owned by Spruce Partnership, representing approximately 5.05% of the outstanding Shares. As of the date hereof, Spruce Capital, as the general partner of Spruce AI and Spruce QP, which are each members of Spruce Partnership, may be deemed the beneficial owner of the 1,222,633 Shares owned by Spruce Partnership, representing approximately 5.05% of the outstanding Shares. As of the date hereof, 1,222,633 Shares are held in the account of Spruce Partnership, representing approximately 5.05% of the outstanding Shares. As of the date hereof, Mr. Sternberg directly beneficially owned 17,873 Shares. Mr. Sternberg, as the manager of each of Spruce Investment and Spruce Capital, may be deemed the beneficial owner of the 1,222,633 Shares owned by Spruce Partnership, representing (together with the Shares directly beneficially owned thereby) approximately 5.12% of the outstanding Shares. Mr. Sternberg also holds unvested performance stock units representing 5,128 Shares, which were issued to him in his capacity as a former director of the Issuer and were not included in the calculations set forth herein as they are subject to performance conditions that have not been met. Mr. Sternberg did not stand for re-election at the 2024 annual meeting of the Issuer and is no longer a director of the Issuer. As of the date hereof, Mr. Stein directly beneficially owned 16,805 Shares. Mr. Stein, as the manager of each of Spruce Investment and Spruce Capital, may be deemed the beneficial owner of the 1,222,633 Shares owned by Spruce Partnership, representing (together with the Shares directly beneficially owned thereby) approximately 5.11% of the outstanding Shares. The Reporting Persons may be deemed to constitute a "person" or "group" within the meaning of Section 13(d)(3) of the Exchange Act. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein, and the filing of this statement shall not be construed as an admission of such beneficial ownership or that the Reporting Persons constitute a person or group
(b)	See rows (7) through (10) of the cover pages to this Amendment No. 3 for the number of Shares as to which each Reporting Person has the sole or shared power to vote or direct the vote and the sole or shared power to dispose or to direct the disposition.
(c)	The Reporting Persons have not effected any transaction with respect to the Shares during the past sixty (60) days.
(d)	No person other than the Reporting Persons is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the Shares beneficially owned by the Reporting Persons.
(e)	Not applicable.

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.

SPRUCE HOUSE INVESTMENT MANAGEMENT LLC

Signature:	/s/ Zachary Sternberg
Name/Title:	Zachary Sternberg Managing Member
Date:	05/05/2026

SPRUCE HOUSE CAPITAL LLC

Signature:	/s/ Zachary Sternberg
Name/Title:	Zachary Sternberg Managing Member
Date:	05/05/2026

THE SPRUCE HOUSE PARTNERSHIP LLC

Signature:	/s/ Zachary Sternberg
Name/Title:	Zachary Sternberg Managing Member
Date:	05/05/2026

ZACHARY STERNBERG

Signature:	/s/ Zachary Sternberg
Name/Title:	Zachary Sternberg
Date:	05/05/2026

BENJAMIN STEIN

Signature:	/s/ Benjamin Stein
Name/Title:	Benjamin Stein
Date:	05/05/2026

FAQ

How much of Cimpress plc (CMPR) do Spruce House entities currently report owning?

Spruce House entities report beneficial ownership of 1,222,633 Cimpress ordinary shares. Based on 24,232,090 shares outstanding as of April 27, 2026, this represents approximately 5.05% of Cimpress’s share capital, giving the group a meaningful but non-controlling equity stake.

What total Cimpress (CMPR) stake does Zachary Sternberg report in this Schedule 13D/A?

Zachary Sternberg reports directly owning 17,873 Cimpress shares and may be deemed to beneficially own 1,222,633 shares held by The Spruce House Partnership LLC. Together, this equals 1,240,506 shares, or about 5.12% of Cimpress’s outstanding ordinary shares.

What Cimpress (CMPR) ownership does Benjamin Stein report in the amended Schedule 13D?

Benjamin Stein reports directly owning 16,805 Cimpress shares and may be deemed to beneficially own the 1,222,633 shares held by The Spruce House Partnership LLC. In total, this equals 1,239,438 shares, or about 5.11% of Cimpress’s outstanding ordinary shares.

How many Cimpress (CMPR) shares are outstanding according to this Schedule 13D/A?

The filing states that Cimpress has 24,232,090 ordinary shares outstanding as of April 27, 2026. This figure comes from Cimpress’s Quarterly Report on Form 10-Q filed on May 1, 2026 and is used to calculate the reported ownership percentages.

Have Spruce House reporting persons traded Cimpress (CMPR) shares recently?

The filing states that the reporting persons have not effected any transactions in Cimpress shares during the past sixty days. This indicates their reported ownership percentages reflect a relatively stable position over that recent period, with no disclosed buying or selling.

Are Zachary Sternberg’s performance stock units in Cimpress (CMPR) included in the ownership percentages?

No. Sternberg holds unvested performance stock units representing 5,128 Cimpress shares, but they are excluded from the ownership calculations. The filing explains these units are subject to performance conditions that have not been met, so they are not counted as currently beneficially owned.