Morgan Stanley (DMRC) units disclose 9.0% beneficial stake in Digimarc common

Rhea-AI Filing Summary

Morgan Stanley and an affiliate reported significant ownership of Digimarc Corp common stock on a Schedule 13G. Morgan Stanley reported aggregate beneficial ownership of 2,016,913 shares, representing 9.0% of the class, with 2,016,899 shares having shared voting power and 2,015,511 shares having shared dispositive power as of June 30, 2026.

Morgan Stanley AIP GP separately reported beneficial ownership of 1,606,189 shares, equal to 7.2% of the class, all with shared voting and dispositive power. The filing notes that it covers securities beneficially owned, or deemed beneficially owned, by specific Morgan Stanley operating units, and that other units may have disaggregated ownership.

Key Figures

Morgan Stanley beneficial ownership: 2,016,913 shares Morgan Stanley ownership percentage: 9.0% Morgan Stanley shared voting power: 2,016,899 shares +3 more

6 metrics

Morgan Stanley beneficial ownership 2,016,913 shares Aggregate Digimarc Corp common stock beneficially owned, representing 9.0% of the class as of June 30, 2026

Morgan Stanley ownership percentage 9.0% Percent of Digimarc Corp common stock class beneficially owned by Morgan Stanley

Morgan Stanley shared voting power 2,016,899 shares Shares of Digimarc Corp over which Morgan Stanley has shared voting power

Morgan Stanley shared dispositive power 2,015,511 shares Shares of Digimarc Corp over which Morgan Stanley has shared dispositive power

Morgan Stanley AIP GP beneficial ownership 1,606,189 shares Digimarc Corp shares beneficially owned by Morgan Stanley AIP GP, 7.2% of the class

Morgan Stanley AIP GP ownership percentage 7.2% Percent of Digimarc Corp common stock beneficially owned by Morgan Stanley AIP GP

Key Terms

beneficially owned, shared voting power, shared dispositive power, parent holding company, +1 more

5 terms

beneficially owned financial

"Amount beneficially owned: See the response(s) to Item 9 on the attached cover page(s)."

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

shared voting power financial

"6 | Shared Voting Power 2,016,899.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

shared dispositive power financial

"8 | Shared Dispositive Power 2,015,511.00"

parent holding company financial

"Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company"

Schedule 13G regulatory

"If a parent holding company has filed this schedule, pursuant to (ii)(G)"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What percentage of Digimarc Corp (DMRC) does Morgan Stanley report owning?

Morgan Stanley reports beneficial ownership of 9.0% of Digimarc Corp’s common stock. This corresponds to an aggregate of 2,016,913 shares with primarily shared voting and dispositive power as of June 30, 2026.

How many Digimarc Corp (DMRC) shares does Morgan Stanley AIP GP hold?

Morgan Stanley AIP GP reports beneficial ownership of 1,606,189 Digimarc Corp shares. These shares represent 7.2% of the outstanding common stock, all held with shared voting and dispositive power.

What voting power does Morgan Stanley have over Digimarc Corp (DMRC) shares?

Morgan Stanley reports shared voting power over 2,016,899 Digimarc shares and no sole voting power. It also reports shared dispositive power over 2,015,511 shares, reflecting joint decision-making authority over these holdings.

Does Morgan Stanley claim sole dispositive power over any Digimarc Corp (DMRC) shares?

Morgan Stanley reports 0 shares with sole dispositive power. Instead, it reports 2,015,511 shares with shared dispositive power, meaning decisions to sell or otherwise dispose of those shares are made jointly with other parties.

What is the reporting date for Morgan Stanley’s Digimarc Corp (DMRC) ownership?

The reported ownership figures are stated as of June 30, 2026. Morgan Stanley and Morgan Stanley AIP GP filed a Schedule 13G to disclose their beneficial ownership positions and associated voting and dispositive powers as of that date.

How does the Schedule 13G describe Morgan Stanley’s reporting units in relation to Digimarc Corp (DMRC)?

The Schedule 13G states it reflects securities beneficially owned, or deemed beneficially owned, by certain Morgan Stanley operating units. It notes other operating units may have disaggregated ownership that is not included in this particular filing.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Digimarc Corp

(Name of Issuer)

Common Stock

(Title of Class of Securities)

25382K100

(CUSIP Number)

06/30/2026

(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): 25382K100

1

Names of Reporting Persons

Morgan Stanley

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 2,016,899.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,015,511.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,016,913.00

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)

9.0 %

12

Type of Reporting Person (See Instructions)

HC, CO

SCHEDULE 13G

CUSIP Number(s): 25382K100

1

Names of Reporting Persons

Morgan Stanley AIP GP LP

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 1,606,189.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,606,189.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,606,189.00

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)

7.2 %

12

Type of Reporting Person (See Instructions)

IA, PN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Digimarc Corp
(b)	Address of issuer's principal executive offices: 8500 SW CREEKSIDE PLACE, BEAVERTON, OR, 97008
Item 2.
(a)	Name of person filing: 1: Morgan Stanley 2: Morgan Stanley AIP GP LP
(b)	Address or principal business office or, if none, residence: 1: 1585 Broadway, New York, NY 10036 ;2: One Tower Bridge 100 Front Street, Suite 400 West Conshohocken, PA 19428
(c)	Citizenship: 1: Delaware 2: Delaware
(d)	Title of class of securities: Common Stock
(e)	CUSIP Number(s): 25382K100
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: See the response(s) to Item 9 on the attached cover page(s).
(b)	Percent of class: 9.0 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See the response(s) to Item 5 on the attached cover page(s).
	(ii) Shared power to vote or to direct the vote: See the response(s) to Item 6 on the attached cover page(s).
	(iii) Sole power to dispose or to direct the disposition of: See the response(s) to Item 7 on the attached cover page(s).
	(iv) Shared power to dispose or to direct the disposition of: See the response(s) to Item 8 on the attached cover page(s).
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.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit 99.2
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 acquired and are held in the ordinary course of business and 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. * In Accordance with the Securities and Exchange Commission Release No. 34-39538 (January 12, 1998) (the "Release"), this filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by certain operating units (collectively, the "MS Reporting Units") of Morgan Stanley and its subsidiaries and affiliates (collectively, "MS"). This filing does not reflect securities, if any, beneficially owned by any operating units of MS whose ownership of securities is disaggregated from that of the MS Reporting Units in accordance with the Release.

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.

Morgan Stanley

Signature:	Claire Gordon
Name/Title:	Authorized Signatory, Morgan Stanley
Date:	08/13/2026

Morgan Stanley AIP GP LP

Signature:	Craig Krasinski
Name/Title:	Authorized Signatory, Morgan Stanley AIP GP LP
Date:	08/13/2026

Exhibit Information

EXHIBIT NO. EXHIBITS ------------------ ------------------------------------ 99.1 Joint Filing Agreement 99.2 Item 7 Information * Attention. Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001).