BCPE Watson plans $2.2B COHR (COHR) share sale via Rule 144

Rhea-AI Filing Summary

BCPE Watson (DE) BML, LP has filed a notice under Rule 144 to sell 9,437,238 shares of common stock, with an aggregate market value of $2,223,224,528, through BofA Securities on the NYSE. Shares outstanding were 187,481,852 as of the notice date; this is a baseline figure, not the amount being sold.

In the past three months, BCPE Watson (DE) BML, LP has already sold 5,000,000 shares for gross proceeds of $947,750,000 and 7,500,000 shares for $1,075,275,000. The new planned sale would continue this large shareholder’s ongoing reduction of its position.

Insights

Equity capital markets analyst

Large holder plans another sizable secondary sale under Rule 144.

The filing shows BCPE Watson (DE) BML, LP intends to sell 9,437,238 common shares, with an indicated market value of $2,223,224,528. The sale will be executed through BofA Securities on the NYSE, indicating a structured block-style or brokered transaction rather than small open-market trades.

Context matters: the same holder sold 5,000,000 shares for $947,750,000 on December 10, 2025 and 7,500,000 shares for $1,075,275,000 on November 24, 2025. With 187,481,852 shares outstanding, this continues a multi-month reduction by a significant owner. Actual impact on trading and ownership will depend on how the broker places the shares and market demand at the time of sale.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144/A

144/A: Filer Information

Filer CIK
Filer CCC
Previous Accession Number Of The Filing
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144/A: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144/A: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock, no par value	BofA Securities, Inc. Bank of America Tower 8th Floor One Bryant Park New York City NY 10036	9437238	2223224528	187481852	02/09/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144/A: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock, no par value	12/15/2025	Acquired upon conversion of its Series B-2 Convertible Preferred Stock, which was settled with cash on March 31, 2021.	Issuer			9437238	07/01/2022	Settled with cash on July 1, 2022.

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144/A: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
BCPE Watson (DE) BML, LP 200 Clarendon Street Boston MA 02116	Common Stock, no par value	12/10/2025	5000000	947750000.00
BCPE Watson (DE) BML, LP 200 Clarendon Street Boston MA 02116	Common Stock, no par value	11/24/2025	7500000	1075275000.00

144/A: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the COHR Rule 144/A filing show about upcoming share sales?

The filing shows BCPE Watson (DE) BML, LP plans to sell 9,437,238 COHR common shares under Rule 144, with an indicated aggregate market value of about $2.22 billion, using BofA Securities to execute the transaction on the New York Stock Exchange.

How large is the planned COHR share sale compared with shares outstanding?

The notice covers 9,437,238 COHR common shares to be sold. The filing states that 187,481,852 shares were outstanding, so the planned transaction represents a meaningful sale by a major holder relative to the company’s total share count at that time.

Who is selling COHR shares in this Rule 144/A notice and through which broker?

BCPE Watson (DE) BML, LP is the selling security holder in this COHR Rule 144/A filing. The shares are to be sold through BofA Securities, Inc., which is listed as the broker handling the transaction on the New York Stock Exchange.

What recent COHR stock sales has BCPE Watson (DE) BML, LP already completed?

The filing reports that BCPE Watson (DE) BML, LP sold 5,000,000 COHR common shares on December 10, 2025 for gross proceeds of $947,750,000 and 7,500,000 shares on November 24, 2025 for gross proceeds of $1,075,275,000 in prior transactions.

How were the COHR shares in this Rule 144/A filing originally acquired?

According to the filing, the 9,437,238 COHR common shares were acquired on December 15, 2025 upon conversion of Series B-2 Convertible Preferred Stock. The preferred stock position had previously been settled with cash on March 31, 2021 and July 1, 2022, as described in the acquisition table.

On what date is the planned COHR Rule 144 sale expected to occur and where will it trade?

The notice lists an approximate sale date of February 9, 2026 for the 9,437,238 COHR common shares. It specifies that the securities are common stock with no par value and that the intended trading venue for the sale is the New York Stock Exchange.