Criteo S.A. Schedule 13G/A: Senvest Management, LLC and Richard Mashaal report shared beneficial ownership of 4,597,322 Ordinary Shares, representing 9.2% of the class. The filing cites 49,859,086 Ordinary Shares outstanding as of February 19, 2026 per the company's Form 10-K. The shares are held in accounts for Senvest Master Fund, LP and Senvest Technology Partners Master Fund, LP, and Senvest Management, LLC and Mr. Mashaal may be deemed to beneficially own the securities by virtue of their roles.
Positive
None.
Negative
None.
Insights
Large passive stake disclosed by Senvest affiliates.
The filing shows 4,597,322 Ordinary Shares held via the Investment Vehicles, equal to 9.2% of the outstanding share count of 49,859,086 as of February 19, 2026. The statement attributes the holdings to Senvest Management, LLC as investment manager and to Richard Mashaal as managing member.
Cash‑flow treatment and any planned transactions are not described in the excerpt; subsequent filings would show changes in position.
Disclosure clarifies voting and dispositive power is shared.
The cover page entries show shared voting power and shared dispositive power of 4,597,322 for both reporting persons. The filing follows beneficial‑ownership disclosure norms for investment managers and affiliated persons.
Beneficial ownership is presented with the supporting Form 10-K outstanding share reference; any change in voting arrangements would require updated disclosure.
Key Figures
Reported shares beneficially owned:4,597,322 sharesPercent of class:9.2%Shares outstanding used:49,859,086 shares
3 metrics
Reported shares beneficially owned4,597,322 sharesheld via Senvest investment vehicles
Percent of class9.2%percent of Ordinary Shares outstanding
Shares outstanding used49,859,086 sharesas of February 19, 2026 (Form 10-K)
"Ordinary Shares, nominal value (euro)0.025 per share"
Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.
ADS (American Depositary Share)market
"Each ADS represents 1 Ordinary Share"
beneficially ownregulatory
"may be deemed to beneficially own the securities held by the Investment Vehicles"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
shared dispositive powerregulatory
"Shared Dispositive Power 4,597,322.00"
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 4)
Criteo S.A.
(Name of Issuer)
Ordinary Shares, nominal value (euro)0.025 per share
(Title of Class of Securities)
226718104
(CUSIP Number)
03/31/2026
(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)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
226718104
1
Names of Reporting Persons
Senvest Management, 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
0.00
6
Shared Voting Power
4,597,322.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
4,597,322.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,597,322.00
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)
9.2 %
12
Type of Reporting Person (See Instructions)
IA, OO
SCHEDULE 13G
CUSIP Number(s):
226718104
1
Names of Reporting Persons
Richard Mashaal
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
CANADA (FEDERAL LEVEL)
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
4,597,322.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
4,597,322.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,597,322.00
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)
9.2 %
12
Type of Reporting Person (See Instructions)
HC, IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Criteo S.A.
(b)
Address of issuer's principal executive offices:
32 Rue Blanche, Paris, France 75009
Item 2.
(a)
Name of person filing:
This statement is filed by Senvest Management, LLC and Richard Mashaal, with respect to the ordinary shares, nominal value (euro)0.025 per share ("Ordinary Shares") of Criteo S.A., a societe anonyme or S.A, under the laws of the French Republic (the "Company").
The reported securities are held in the account of Senvest Master Fund, LP and Senvest Technology Partners Master Fund, LP (collectively, the "Investment Vehicles").
Senvest Management, LLC may be deemed to beneficially own the securities held by the Investment Vehicles by virtue of Senvest Management, LLC's position as investment manager of the Investment Vehicles. Mr. Mashaal may be deemed to beneficially own the securities held by the Investment Vehicles by virtue of Mr. Mashaal's status as the managing member of Senvest Management, LLC. None of the foregoing should be construed in and of itself as an admission by any Reporting Person as to beneficial ownership of the securities reported herein.
There is no CUSIP number assigned to the Ordinary Shares. The CUSIP number 226718104 has been assigned to the ADSs of the Issuer, which are quoted on The NASDAQ Global Select Market under the symbol "CRTO." Each ADS represents 1 Ordinary Share.
(b)
Address or principal business office or, if none, residence:
Senvest Management, LLC
540 Madison Avenue, 32nd Floor
New York, New York 10022
Richard Mashaal
c/o Senvest Management, LLC
540 Madison Avenue, 32nd Floor
New York, New York 10022
(c)
Citizenship:
Senvest Management, LLC - Delaware
Richard Mashaal - Canada
(d)
Title of class of securities:
Ordinary Shares, nominal value (euro)0.025 per share
(e)
CUSIP No.:
226718104
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:
The information required by Item 4(a) is set forth in Row 9 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
The percentage set forth in this Schedule 13G is calculated based upon an aggregate of 49,859,086 Ordinary Shares outstanding as of February 19, 2026, as reported in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the Securities and Exchange Commission on February 26, 2026.
(b)
Percent of class:
9.2%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(ii) Shared power to vote or to direct the vote:
The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(iii) Sole power to dispose or to direct the disposition of:
The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(iv) Shared power to dispose or to direct the disposition of:
The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
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.
The Investment Vehicles have the right to receive and the power to direct the receipt of dividends from, and the proceeds from the sale of, the Ordinary Shares. Senvest Master Fund, LP has the right to receive and the power to direct the receipt of dividends from, and the proceeds from the sale of, more than 5% of the Ordinary Shares.
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 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.
Senvest Management, LLC and Richard Mashaal report shared beneficial ownership of 4,597,322 Ordinary Shares, equal to 9.2% of the class based on the stated outstanding share count.
How many Criteo shares were outstanding for the percent calculation?
The percent is calculated using 49,859,086 Ordinary Shares outstanding as of February 19, 2026, cited from the company's Form 10-K for the year ended December 31, 2025.
Through which vehicles are the Criteo shares held?
The reported shares are held in accounts for Senvest Master Fund, LP and Senvest Technology Partners Master Fund, LP, referred to collectively as the Investment Vehicles.
Does Senvest report sole voting or dispositive power over the shares?
The cover page shows 0 sole voting power and 0 sole dispositive power, with 4,597,322 shared voting and 4,597,322 shared dispositive power for the reporting persons.
Are these holdings reported by Senvest or by Richard Mashaal personally?
The statement is filed by both Senvest Management, LLC and Richard Mashaal; Senvest may be deemed to beneficially own the securities as investment manager and Mr. Mashaal as managing member.
