Bain affiliate fully exits Coherent (COHR) stake after large block share sale

Rhea-AI Filing Summary

Coherent Corp.’s major shareholder BCPE Watson (DE) BML has exited its position in the company. The reporting person disclosed that on February 9, 2026, it sold 9,437,238 shares of Coherent common stock in a block trade for an aggregate amount of $2,223,224,528.04.

In connection with settlement of the block trade, it also intends to distribute an aggregate of 338,608 shares of common stock to certain members or partners for planned charitable gifts, for no consideration. Following these transactions, the reporting person reports beneficial ownership of 0 shares, representing 0% of Coherent’s common stock.

Insights

Equity ownership and governance analyst

Private equity affiliate fully exits its Coherent stake via a large block sale.

The reporting entity BCPE Watson (DE) BML reports selling 9,437,238 Coherent common shares in a block trade for $2,223,224,528.04. This transaction, plus planned charitable distributions of 338,608 shares for no consideration, reduces its reported beneficial ownership to 0 shares, or 0% of the class.

Such an exit mainly affects Coherent’s shareholder base rather than its operations, since the sale is between investors. The filing does not describe changes to Coherent’s strategy or management. Future company filings may clarify whether any governance rights or board representation linked to this holding are affected.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 6)

Coherent Corp.

(Name of Issuer)

Common Stock, no par value

(Title of Class of Securities)

19247G107

(CUSIP Number)

Bain Capital Investors, LLC
200 Clarendon Street,
Boston, MA, 02116
617-516-2000

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

02/09/2026

(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).

SCHEDULE 13D

CUSIP No. 19247G107

1

Name of reporting person

BCPE Watson (DE) BML, LP

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 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

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

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, no par value
(b)	Name of Issuer: Coherent Corp.
(c)	Address of Issuer's Principal Executive Offices: 375 Saxonburg Boulevard, Saxonburg, PENNSYLVANIA , 16056.
Item 1 Comment: This Amendment No. 6 ("Amendment No. 6") to Schedule 13D amends and supplements the statement on Schedule 13D originally filed on July 11, 2022, as amended by Amendment No. 1 to Schedule 13D filed on March 7, 2024, Amendment No. 2 to Schedule 13D filed on November 12, 2025, Amendment No. 3 to Schedule 13D filed on November 24, 2025, Amendment No.4 to Schedule 13D filed on December 4, 2025, and Amendment No.5 to Schedule 13D filed on December 12, 2025 (the "Initial Statement", together with this Amendment No. 5, the "Schedule 13D"), with respect to shares of Common Stock, no par value (the "Common Stock"), of Coherent Corp., a Pennsylvania corporation (the "Issuer"). Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Initial Statement.
Item 4.	Purpose of Transaction
	Item 4 of the Initial Statement is hereby amended and supplemented to add the following: Sale of Common Stock On February 9, 2026, the Reporting Person sold 9,437,238 shares of Common Stock in a block trade pursuant to Rule 144 of the Securities Act of 1933 at a price of $235.58 per share, for an aggregate amount of $2,223,224,528.04. In connection with the settlement of the block trade, the Reporting Person intends to distribute an aggregate of 338,608 shares of Common Stock to one or more members or partners of the Reporting Person in connection with certain charitable gifts to be made by such members or partners or their direct and indirect owners, for no consideration.
Item 5.	Interest in Securities of the Issuer
(a)	The information contained in rows 7, 8, 9, 10, 11 and 13 on the cover page of this Schedule 13D and the information set forth or incorporated in Items 2, 3, 4 and 6 is incorporated by reference in its entirety into this Item 5.
(b)	The information contained in rows 7, 8, 9, 10, 11 and 13 on the cover page of this Schedule 13D and the information set forth or incorporated in Items 2, 3, 4 and 6 is incorporated by reference in its entirety into this Item 5.
(c)	Except as described in this Schedule 13D, the Reporting Person has not effected any transactions in the Common Shares during the past sixty days.
(d)	Except as otherwise described in this Schedule 13D, no one other than the Reporting Person has the right to receive, or the power to direct the receipt of, dividends from, or the proceeds from the sale of, any of the Common Stock beneficially owned by the Reporting Persons as described in this Item 5.
(e)	February 9, 2026

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.

BCPE Watson (DE) BML, LP

Signature:	/s/ Joseph Robbins
Name/Title:	Authorized Signatory of BCPE Watson (DE) BML GP, LLC
Date:	02/11/2026

FAQ

What did BCPE Watson (DE) BML report in this Coherent (COHR) Schedule 13D/A amendment?

The filing reports that BCPE Watson (DE) BML sold 9,437,238 Coherent common shares in a block trade for $2,223,224,528.04. After this sale and related distributions, it reports beneficial ownership of 0 shares, meaning it no longer holds a reportable stake in Coherent.

How many Coherent (COHR) shares were sold in the February 9, 2026 block trade?

The reporting person disclosed selling 9,437,238 shares of Coherent common stock on February 9, 2026 in a block trade. The aggregate proceeds from this transaction were $2,223,224,528.04, according to the amended Schedule 13D/A filing.

What is BCPE Watson (DE) BML’s current ownership percentage in Coherent (COHR)?

After the reported transactions, BCPE Watson (DE) BML lists an aggregate beneficial ownership of 0 shares of Coherent common stock. The cover page shows that this corresponds to 0% of the class, indicating a complete exit from its prior reportable position.

Did the Coherent (COHR) filing mention any charitable share distributions?

Yes. In connection with settlement of the block trade, the reporting person intends to distribute an aggregate of 338,608 Coherent common shares to one or more members or partners for certain charitable gifts, with no consideration received for these distributions.

Who signed the amended Coherent (COHR) Schedule 13D/A for BCPE Watson (DE) BML?

The statement was signed by Joseph Robbins as Authorized Signatory of BCPE Watson (DE) BML GP, LLC. The signature block is dated February 11, 2026, certifying that the information provided in the amendment is true, complete, and correct.

What security is covered by this Coherent (COHR) Schedule 13D/A amendment?

The amendment relates to Coherent Corp. common stock, no par value. The filing identifies the security as common stock of Coherent and confirms that BCPE Watson (DE) BML previously reported a position that has now been reduced to zero beneficially owned shares.