Millstreet Capital trims DIEBOLD NIXDORF (DBD) stake, retains 4.8M shares

Rhea-AI Filing Summary

DIEBOLD NIXDORF, Inc insider reporting shows Millstreet-managed accounts executing a sizable open-market sale of common stock. Investment adviser Millstreet Capital Management LLC, on behalf of its private funds and accounts, sold 399,929 shares of common stock on April 8, 2026 in an open-market transaction.

The reported average sale price was $82.4158 per share. After this transaction, the accounts managed by Millstreet are reported as holding 4,816,743 common shares indirectly. Millstreet and managing members Brian D. Connolly and Craig Kelleher each disclaim beneficial ownership beyond their pecuniary interest in these shares.

Insights

Equity ownership & governance analyst

Large holder executes open-market sale but retains multi-million share stake.

The filing shows private funds and accounts advised by Millstreet Capital Management LLC sold 399,929 common shares of DIEBOLD NIXDORF, Inc at an average price of $82.4158 per share on April 8, 2026. The transaction is classified as an open-market sale.

Following the sale, the Millstreet-advised accounts still hold 4,816,743 common shares indirectly, indicating they retain a large position. All reporting persons, including Millstreet and its managing members Brian D. Connolly and Craig Kelleher, disclaim beneficial ownership except to the extent of their pecuniary interest.

This pattern reflects a notable, but partial, reduction by a greater-than-ten-percent owner while maintaining a substantial remaining stake. The filing does not reference any trading plans, derivatives, or additional transactions beyond this single reported sale.

Insider Trade Summary

Net Seller: 399,929 shares ($32,960,468)

Net Sell 1 txn

Insider Millstreet Capital Management LLC, Connolly Brian D, Kelleher Craig

Role 10% Owner | 10% Owner | 10% Owner

Sold 399,929 shs ($32.96M)

Type	Security	Shares	Price	Value
Sale	Common Stock	399,929	$82.4158	$32.96M

Holdings After Transaction: Common Stock — 4,816,743 shares (Indirect, See Footnote)

Footnotes (1)

1. [object Object]

Key Figures

Shares sold: 399,929 shares Sale price per share: $82.4158 per share Shares held after transaction: 4,816,743 shares +2 more

5 metrics

Shares sold 399,929 shares Open-market sale of common stock on April 8, 2026

Sale price per share $82.4158 per share Average price for the reported open-market sale

Shares held after transaction 4,816,743 shares Indirect holdings by Millstreet-advised accounts after the sale

Net shares sold 399,929 shares Net change in buy/sell activity from transaction summary

Reporting person status Greater-than-ten-percent owner Each reporting person flagged as 10% owner in Form 4

Key Terms

ten percent owner, pecuniary interest, indirect ownership, investment advisory services, +1 more

5 terms

ten percent owner regulatory

"Each reporting person is indicated as a ten percent owner"

pecuniary interest financial

"disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein"

indirect ownership financial

"total_shares_following_transaction ... direct_or_indirect: "I" ... ownership_type: "indirect""

investment advisory services financial

"Millstreet Capital Management LLC provides investment advisory services to private investment funds and accounts"

Professional guidance and ongoing management of an individual’s or institution’s investments, where an advisor recommends strategies, selects securities or funds, and monitors portfolios on behalf of a client. Think of it as hiring a financial coach and navigator who designs a plan based on your goals and risk tolerance, which matters to investors because it can improve returns, reduce unwanted risks, and ensure decisions match long‑term objectives and legal obligations.

Section 16(a) regulatory

"for purposes of Section 16(a) of the Securities Exchange Act of 1934"

Form 4 Insider Transactions: What Each Field Means →

04/10/2026 - 04:04 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Millstreet Capital Management LLC

(Last) (First) (Middle)

545 BOYLSTON STREET, 8TH FLOOR

(Street)

BOSTON MASSACHUSETTS 02116

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
DIEBOLD NIXDORF, Inc [ DBD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/08/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/08/2026		S		399,929	D	$82.4158	4,816,743	I	See Footnote(1)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

Millstreet Capital Management LLC

(Last) (First) (Middle)

545 BOYLSTON STREET, 8TH FLOOR

(Street)

BOSTON MASSACHUSETTS 02116

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Connolly Brian D

(Last) (First) (Middle)

545 BOYLSTON STREET, 8TH FLOOR

(Street)

BOSTON MASSACHUSETTS 02116

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Kelleher Craig

(Last) (First) (Middle)

545 BOYLSTON STREET 8TH FLOOR

(Street)

BOSTON MASSACHUSETTS 02116

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. Millstreet Capital Management LLC provides investment advisory services to private investment funds and accounts ("Accounts") and, in such capacity, may be deemed to beneficially own Common Shares held for the accounts of such Accounts. Mr. Connolly and Mr. Kelleher are Managing Members of Millstreet. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein, and the filing of this Form 4 shall not be construed as an admission that any of the Reporting Persons is the beneficial owner of any such shares for purposes of Section 16(a) of the Securities Exchange Act of 1934 or for any other purpose.

	MILLSTREET CAPITAL MANAGEMENT LLC By: /s/ Craig M. Kelleher, Managing Member	04/10/2026
	/s/ Brian D. Connolly, Individually	04/10/2026
	/s/ Craig M. Kelleher, Individually	04/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Millstreet report for DIEBOLD NIXDORF (DBD)?

Millstreet Capital Management LLC reported an open-market sale of 399,929 shares of DIEBOLD NIXDORF common stock. The sale occurred on April 8, 2026, and involved shares held for private investment funds and accounts it advises, rather than shares held directly by the individuals.

At what price were DIEBOLD NIXDORF (DBD) shares sold in the Millstreet transaction?

The reported average sale price for the Millstreet-managed accounts was $82.4158 per DIEBOLD NIXDORF common share. This price reflects the weighted average for the open-market sale of 399,929 shares executed on April 8, 2026, as disclosed in the Form 4 filing.

How many DIEBOLD NIXDORF (DBD) shares do Millstreet-advised accounts hold after the sale?

After the reported transaction, the private funds and accounts advised by Millstreet Capital Management LLC are shown holding 4,816,743 DIEBOLD NIXDORF common shares indirectly. This figure represents their remaining position following the 399,929-share open-market sale disclosed in the Form 4.

Who are the reporting persons on the DIEBOLD NIXDORF (DBD) Form 4 filing?

The reporting persons are Millstreet Capital Management LLC and its managing members, Brian D. Connolly and Craig Kelleher. Millstreet acts as investment adviser to private funds and accounts, and all reporting persons disclaim beneficial ownership of the shares beyond their pecuniary interest.

Does the Millstreet Form 4 mean the individuals personally sold DIEBOLD NIXDORF (DBD) shares?

The Form 4 indicates shares were held for private funds and accounts advised by Millstreet, not directly by the individuals. Connolly and Kelleher, as managing members, and Millstreet all disclaim beneficial ownership of the reported shares except to the extent of their pecuniary interest in those accounts.