T. Rowe Price reports 6.6% stake in Descartes

T. Rowe Price Associates, Inc. reported holdings in Descartes Systems Group common stock on a Schedule 13G/A. As of 06/30/2026, it reported beneficial ownership of 5,670,134 shares, representing 6.6% of the outstanding common stock.

Rhea-AI Filing Summary

T. Rowe Price Associates, Inc. reported holdings in Descartes Systems Group common stock on a Schedule 13G/A. As of 06/30/2026, it reported beneficial ownership of 5,670,134 shares, representing 6.6% of the outstanding common stock. It reported sole voting power over 6,216,493 shares and sole dispositive power over 5,670,134 shares, with no shared voting or dispositive power. The filer states that this reporting should not be construed as an admission of beneficial ownership, which is expressly denied.

Key Figures

Shares beneficially owned: 5,670,134 shares Percent of class: 6.6% Sole voting power: 6,216,493 shares +4 more

7 metrics

Shares beneficially owned 5,670,134 shares Descartes Systems Group common stock beneficially owned by T. Rowe Price Associates as of 06/30/2026

Percent of class 6.6% Portion of Descartes Systems Group common stock class reported as owned by T. Rowe Price Associates

Sole voting power 6,216,493 shares Shares of Descartes Systems Group over which T. Rowe Price Associates has sole voting power

Shared voting power 0 shares Shares of Descartes Systems Group over which T. Rowe Price Associates has shared voting power

Sole dispositive power 5,670,134 shares Descartes Systems Group shares over which T. Rowe Price Associates has sole dispositive power

Shared dispositive power 0 shares Descartes Systems Group shares over which T. Rowe Price Associates has shared dispositive power

Signature date 08/14/2026 Date the Schedule 13G/A was signed by the Vice President of T. Rowe Price Associates

Key Terms

beneficially owned, sole voting power, sole dispositive power, Schedule 13G/A, +1 more

5 terms

beneficially owned financial

"Amount beneficially owned: 5670134 (b) | Percent of class: 6.6 %"

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.

sole voting power financial

"Sole power to vote or to direct the vote: 6216493"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

sole dispositive power financial

"Sole power to dispose or to direct the disposition of: 5670134"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Schedule 13G/A regulatory

"T. Rowe Price Associates, Inc. 2 | (Amendment No. 16 )"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

percent of class financial

"Percent of class: 6.6 %"

Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

FAQ

What percentage of Descartes Systems Group (DSGX) shares does T. Rowe Price Associates report owning?

T. Rowe Price Associates reports beneficial ownership of 6.6% of Descartes Systems Group common stock, representing 5,670,134 shares as of 06/30/2026, according to the Schedule 13G/A filing.

How many Descartes Systems Group (DSGX) shares can T. Rowe Price Associates vote?

T. Rowe Price Associates reports sole voting power over 6,216,493 shares of Descartes Systems Group common stock and no shared voting power, based on the Schedule 13G/A ownership disclosure.

What is the nature of T. Rowe Price Associates’ dispositive power over DSGX shares?

T. Rowe Price Associates reports sole dispositive power over 5,670,134 shares of Descartes Systems Group common stock and no shared dispositive power, indicating it alone can determine how those shares are disposed.

Does T. Rowe Price Associates admit beneficial ownership of its DSGX holdings?

T. Rowe Price Associates explicitly states that the reporting shall not be construed as an admission that it is the beneficial owner of the Descartes Systems Group securities, and that such beneficial ownership is expressly denied.

What security class is covered in the T. Rowe Price Associates Schedule 13G/A for DSGX?

The filing covers Descartes Systems Group’s common stock, identified by CUSIP number 249906108, with T. Rowe Price Associates reporting its holdings and voting and dispositive powers over these shares.

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Available on EDGAR 08/14/2026 - 10:39 AM Accepted by SEC EDGAR 08/14/2026 - 10:38 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 16)

DESCARTES SYSTEMS GRP/THE

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

249906108

(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): 249906108

1

Names of Reporting Persons

T. Rowe Price Associates, Inc.

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

MARYLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 6,216,493.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 5,670,134.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,670,134.00

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)

6.6 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: DESCARTES SYSTEMS GRP/THE
(b)	Address of issuer's principal executive offices: 120 RANDALL ST, WATERLOO, ONTARIO, A6, N2V1C6
Item 2.
(a)	Name of person filing: T. Rowe Price Associates, Inc.
(b)	Address or principal business office or, if none, residence: 1307 Point Street, Baltimore, MD 21231
(c)	Citizenship: Maryland
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP No.: 249906108
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: 5670134
(b)	Percent of class: 6.6 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 6216493
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 5670134
	(iv) Shared power to dispose or to direct the disposition of: 0
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.
	Not Applicable
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. T. Rowe Price Associates, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Associates is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied.

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.

T. Rowe Price Associates, Inc.

Signature:	Ellen York
Name/Title:	Vice President
Date:	08/14/2026