500,000 Diebold Nixdorf (NYSE: DBD) shares sold by Millstreet-advised funds

Rhea-AI Filing Summary

Diebold Nixdorf, Inc. insider filing shows a large share sale by an institutional holder associated with Millstreet Capital Management LLC. On 01/15/2026, accounts advised by Millstreet Capital Management LLC sold 500,000 shares of Diebold Nixdorf common stock at $68 per share in an open-market transaction coded "S". After this sale, 5,216,672 shares of Diebold Nixdorf common stock were reported as beneficially owned on an indirect basis for the benefit of private funds and accounts advised by Millstreet. Millstreet, along with Brian D. Connolly and Craig M. Kelleher as managing members, each disclaims beneficial ownership beyond their respective pecuniary interests.

Insights

Equity ownership and governance analyst

Large indirect sale by a 10% owner’s advised accounts trims but does not exit the position.

The filing shows that private funds and accounts advised by Millstreet Capital Management LLC, a 10% owner of Diebold Nixdorf, Inc., sold 500,000 common shares at $68 per share on 01/15/2026. This is a sizable dollar transaction, but the advised accounts still report beneficial ownership of 5,216,672 shares afterward, indicating the position remains significant.

The ownership is reported as indirect, with Millstreet acting as investment adviser and Brian D. Connolly and Craig M. Kelleher as managing members. The footnote states that each reporting person disclaims beneficial ownership beyond their pecuniary interest, which is common language for institutional advisers. Subsequent ownership changes or additional Form 4 filings would further clarify how actively this holder is adjusting its stake.

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

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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)
01/15/2026

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	01/15/2026		S		500,000	D	$68	5,216,672	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	01/20/2026
	/s/ Brian D. Connolly, Individually	01/20/2026
	/s/ Craig M. Kelleher, Individually	01/20/2026
	** 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.
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FAQ

What insider transaction did Diebold Nixdorf (DBD) report in this Form 4?

The Form 4 reports that accounts advised by Millstreet Capital Management LLC, a 10% owner of Diebold Nixdorf, Inc., sold 500,000 shares of Diebold Nixdorf common stock on 01/15/2026.

At what price were the Diebold Nixdorf (DBD) shares sold in this filing?

The 500,000 Diebold Nixdorf common shares were sold at a price of $68 per share, according to the reported transaction details.

How many Diebold Nixdorf (DBD) shares remain beneficially owned after the reported sale?

Following the 01/15/2026 sale, the filing shows 5,216,672 shares of Diebold Nixdorf common stock beneficially owned on an indirect basis for accounts advised by Millstreet Capital Management LLC.

Who are the reporting persons in this Diebold Nixdorf (DBD) Form 4?

The reporting persons are Millstreet Capital Management LLC, Brian D. Connolly, and Craig M. Kelleher, each identified as a 10% owner of Diebold Nixdorf for Section 16 purposes.

Is the Diebold Nixdorf (DBD) share ownership held directly by the individuals in the Form 4?

No. The shares are reported as held indirectly for private funds and accounts advised by Millstreet Capital Management LLC. The footnote explains that each reporting person disclaims beneficial ownership except to the extent of their pecuniary interest.

What does the transaction code "S" mean in the Diebold Nixdorf (DBD) Form 4?

In this Form 4, transaction code "S" indicates an open-market or private sale of Diebold Nixdorf common stock by the reporting persons’ advised accounts.