[Form 4] DIEBOLD NIXDORF, Inc Insider Trading Activity

Rhea-AI Filing Summary

Diebold Nixdorf (DBD): Form 4 insider transaction — Reporting persons affiliated with Millstreet Capital Management LLC reported open‑market sales (code S) of Common Stock. On 11/05/2025, 211,204 shares were sold at an average price of $62.9348. On 11/06/2025, 40,522 shares were sold at an average price of $64.5217.

Following these transactions, the filing shows 5,716,672 shares beneficially owned indirectly for accounts advised by Millstreet. The footnote states Millstreet may be deemed to beneficially own shares held for such accounts, and each reporting person disclaims beneficial ownership except to the extent of pecuniary interest.

Insights

Securities law analyst

Administrative Form 4 disclosing open‑market sales and updated holdings.

The filing lists sales of DBD Common Stock coded “S” (sale): 211,204 shares at $62.9348 on 11/05/2025 and 40,522 shares at $64.5217 on 11/06/2025. Post‑trade, reported beneficial ownership stands at 5,716,672 shares held indirectly.

The footnote explains Millstreet Capital Management LLC advises accounts that hold the shares, and the reporting persons disclaim beneficial ownership except for pecuniary interest. As a routine Section 16 disclosure, market impact depends on trading context; no corporate cash flow is involved.

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
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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 MA 02116

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
11/05/2025

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

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

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

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	11/05/2025		S		211,204	D	$62.9348	5,757,194	I	See Footnote(1)
Common Stock	11/06/2025		S		40,522	D	$64.5217	5,716,672	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 MA 02116

(City) (State) (Zip)

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 MA 02116

(City) (State) (Zip)

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 MA 02116

(City) (State) (Zip)

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	11/07/2025
	/s/ Brian D. Connolly, Individually	11/07/2025
	/s/ Craig M. Kelleher, Individually	11/07/2025
	** 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.

FAQ

What did Diebold Nixdorf (DBD) insiders report on this Form 4?

Sales of Common Stock coded “S”: 211,204 shares at $62.9348 on 11/05/2025 and 40,522 shares at $64.5217 on 11/06/2025.

How many DBD shares are shown as beneficially owned after the transactions?

The filing shows 5,716,672 shares beneficially owned following the reported sales.

Were the reported DBD holdings direct or indirect?

The holdings are reported as indirect, for accounts advised by Millstreet Capital Management LLC (per the footnote).

Who are the reporting persons in the DBD Form 4?

Millstreet Capital Management LLC and individuals Brian D. Connolly and Craig M. Kelleher signed the filing.

What does the Form 4 footnote say about ownership of DBD shares?

It states Millstreet may be deemed to beneficially own shares held for client accounts, and each reporting person disclaims beneficial ownership except for pecuniary interest.