Diebold Nixdorf (DBD) holder Millstreet details 14.54% stake, sales

Rhea-AI Filing Summary

Millstreet Capital Management and related individuals filed Amendment No. 3 to Schedule 13D for Diebold Nixdorf, Inc., updating their ownership and recent trading activity. The reporting persons beneficially own 5,216,672 common shares, representing 14.54% of Diebold Nixdorf’s outstanding common stock, with shared voting and dispositive power and no sole voting or dispositive power.

The amendment notes that Millstreet Credit Fund LP, for which Millstreet serves as investment manager, has the right to receive dividends or sale proceeds on more than five percent of the outstanding common shares. It also discloses open‑market sales of 211,204 shares at $62.9348 on 11/05/2025, 40,522 shares at $64.5217 on 11/06/2026, and 500,000 shares at $68.0000 on 01/15/2026.

Insights

Equity ownership & governance analyst

Millstreet and affiliates report a 14.54% Diebold Nixdorf stake and recent open‑market share sales.

The filing shows Millstreet Capital Management LLC, along with Brian D. Connolly and Craig Kelleher, reporting beneficial ownership of 5,216,672 Diebold Nixdorf common shares, or 14.54% of the class. All voting and dispositive power over these shares is described as shared, with no sole voting or dispositive authority reported for any of the filers.

The amendment updates Item 5 to reflect recent open‑market sales of Diebold Nixdorf stock, including 211,204 shares at $62.9348 on 11/05/2025, 40,522 shares at $64.5217 on 11/06/2026, and 500,000 shares at $68.0000 on 01/15/2026. The filing also states that Millstreet Credit Fund LP has the right to receive dividends or sale proceeds on more than five percent of the outstanding common shares, underscoring its role as a significant holder.

Overall, this amendment primarily refreshes ownership and trading information rather than signaling a defined strategic change. The actual implications for corporate governance or future engagement will depend on any subsequent actions by Millstreet and its affiliates as disclosed in later filings.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 3)

DIEBOLD NIXDORF, Inc

(Name of Issuer)

Common Shares, $0.01 par value per share

(Title of Class of Securities)

253651202

(CUSIP Number)

Janet Kastrud, CCO
Millstreet Capital Management, 545 Boylston St., 8th Floor
Boston, MA, 02116
617-939-0030

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

01/15/2026

(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. 253651202

1

Name of reporting person

Millstreet Capital Management LLC

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)

AF

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 5,216,672.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 5,216,672.00

11

Aggregate amount beneficially owned by each reporting person

5,216,672.00

12

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

13

Percent of class represented by amount in Row (11)

14.54 %

14

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13D

CUSIP No. 253651202

1

Name of reporting person

Connolly Brian D

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)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 5,216,672.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 5,216,672.00

11

Aggregate amount beneficially owned by each reporting person

5,216,672.00

12

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

13

Percent of class represented by amount in Row (11)

14.54 %

14

Type of Reporting Person (See Instructions)

IN, HC

SCHEDULE 13D

CUSIP No. 253651202

1

Name of reporting person

Kelleher Craig

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)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 5,216,672.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 5,216,672.00

11

Aggregate amount beneficially owned by each reporting person

5,216,672.00

12

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

13

Percent of class represented by amount in Row (11)

14.54 %

14

Type of Reporting Person (See Instructions)

IN, HC

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Shares, $0.01 par value per share
(b)	Name of Issuer: DIEBOLD NIXDORF, Inc
(c)	Address of Issuer's Principal Executive Offices: 350 ORCHARD AVE NE, NORTH CANTON, OHIO , 44720.
Item 1 Comment: This Amendment is being filed to amend Item 5 of the Schedule 13D.
Item 5.	Interest in Securities of the Issuer
(a)	See Items 7-13 of the cover pages.
(b)	See Items 7-13 of the cover pages.
(c)	The Reporting Persons did not effect any transactions in the Company's Common Shares during the sixty day period prior to the filing of this Schedule 13D that have not been previously reported, other than the open market sales transactions described below: Date No. Shares Sold Price 11/05/2025 211,204 $62.9348 11/06/2026 40,522 $64.5217 01/15/2026 500,000 $68.0000
(d)	Millstreet Credit Fund LP, for which Millstreet serves as investment manager, has the right to receive and/or the power to direct the receipt of dividends from, or the proceeds from the sale of, more than five percent of the Common Shares outstanding.
(e)	Not applicable.

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.

Millstreet Capital Management LLC

Signature:	/s/ Craig M. Kelleher
Name/Title:	Craig M. Kelleher / Managing Member
Date:	01/20/2026

Connolly Brian D

Signature:	/s/ Brian D. Connolly
Name/Title:	Brian D. Connolly
Date:	01/20/2026

Kelleher Craig

Signature:	/s/ Craig M. Kelleher
Name/Title:	Craig M. Kelleher
Date:	01/20/2026

FAQ

What ownership stake in Diebold Nixdorf (DBD) does Millstreet report in this Schedule 13D/A?

The reporting persons disclose beneficial ownership of 5,216,672 Diebold Nixdorf common shares, representing 14.54% of the outstanding common stock, with shared voting and dispositive power.

Who are the reporting persons in the Diebold Nixdorf (DBD) Schedule 13D/A Amendment No. 3?

The reporting persons are Millstreet Capital Management LLC, Brian D. Connolly, and Craig Kelleher. Millstreet is organized in Delaware, while Connolly and Kelleher are citizens of the United States.

What recent Diebold Nixdorf (DBD) share sales are disclosed by Millstreet and its affiliates?

The filing reports open‑market sales of 211,204 shares at $62.9348 on 11/05/2025, 40,522 shares at $64.5217 on 11/06/2026, and 500,000 shares at $68.0000 on 01/15/2026.

Does Millstreet have sole or shared voting power over its Diebold Nixdorf (DBD) shares?

The filing states that the reporting persons have 0 shares with sole voting power and 5,216,672 shares with shared voting power, and the same split for dispositive power.

Which entity is entitled to dividends or sale proceeds from Diebold Nixdorf (DBD) shares held by Millstreet?

The filing notes that Millstreet Credit Fund LP, for which Millstreet serves as investment manager, has the right to receive and/or direct the receipt of dividends or sale proceeds from more than five percent of the outstanding common shares.

What class of Diebold Nixdorf (DBD) securities is covered by this Schedule 13D/A amendment?

The amendment covers common shares of Diebold Nixdorf, Inc. with a par value of $0.01 per share.