BlackRock (NASDAQ: DSGX) reports 5.1% stake — 4.37M shares reported

Rhea-AI Filing Summary

Descartes Systems Group Inc Schedule 13G shows BlackRock, Inc. beneficially owns 4,366,126 shares of Descartes common stock, representing 5.1% of the class. The filing lists sole voting power of 4,044,836 shares and sole dispositive power of 4,366,126 shares. The schedule is signed by Spencer Fleming on 04/27/2026.

Insights

Institutional Ownership Analyst

BlackRock reported a 5.1% passive stake in Descartes via Schedule 13G.

BlackRock's filing identifies the holdings as beneficial and attributes them to the Reporting Business Units, listing 4,366,126 shares and 4,044,836 sole voting shares. Schedule 13G typically indicates passive investment rather than an activist intent.

Impact is neutral: the position size is disclosed but the filing does not state any change in intent or plans to influence management; subsequent filings would be needed for any governance activity.

Key Figures

Beneficially owned shares: 4,366,126 shares Percent of class: 5.1% Sole voting power: 4,044,836 shares +2 more

5 metrics

Beneficially owned shares 4,366,126 shares Amount beneficially owned (Schedule 13G)

Percent of class 5.1% Percent of common stock beneficially owned

Sole voting power 4,044,836 shares Shares with sole power to vote

Sole dispositive power 4,366,126 shares Shares with sole power to dispose

Signature date 04/27/2026 Schedule 13G signing date

Key Terms

Schedule 13G, Beneficial ownership, Sole dispositive power, Reporting Business Units

4 terms

Schedule 13G regulatory

"Schedule 13G shows beneficial ownership disclosure"

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.

Beneficial ownership financial

"This reflects the securities beneficially owned, or deemed to be beneficially owned"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Sole dispositive power financial

"Sole power to dispose or to direct the disposition of: 4,366,126"

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.

Reporting Business Units regulatory

"beneficially owned by certain business units (collectively, the "Reporting Business Units")"

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

DESCARTES SYSTEMS GROUP INC

(Name of Issuer)

Common Stock

(Title of Class of Securities)

249906108

(CUSIP Number)

03/31/2026

(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

BlackRock, 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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 4,044,836.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 4,366,126.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,366,126.00

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)

5.1 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: DESCARTES SYSTEMS GROUP INC
(b)	Address of issuer's principal executive offices: 120 RANDALL ST WATERLOO Canada N2V 1C6
Item 2.
(a)	Name of person filing: BlackRock, Inc. In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the "Reporting Business Units") of BlackRock, Inc. and its subsidiaries and affiliates. It does not include securities, if any, beneficially owned by other business units whose beneficial ownership of securities are disaggregated from that of the Reporting Business Units in accordance with such release.
(b)	Address or principal business office or, if none, residence: BlackRock, Inc., 50 Hudson Yards New York, NY 10001
(c)	Citizenship: See Item 4 of Cover Page
(d)	Title of class of securities: Common Stock
(e)	CUSIP Number(s): 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: 4366126
(b)	Percent of class: 5.1 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 4044836
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 4366126
	(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.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the common stock of DESCARTES SYSTEMS GROUP INC. No one person's interest in the common stock of DESCARTES SYSTEMS GROUP INC is more than five percent of the total outstanding common shares.
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
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.

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.

BlackRock, Inc.

Signature:	Spencer Fleming
Name/Title:	Managing Director
Date:	04/27/2026

Exhibit Information

Exhibit 24: Power of Attorney Exhibit 99: Item 7

FAQ

What stake does BlackRock hold in Descartes (DSGX)?

BlackRock beneficially owns 4,366,126 shares, representing 5.1% of Descartes common stock. The Schedule 13G lists sole voting power of 4,044,836 shares and sole dispositive power of 4,366,126 shares.

What does a Schedule 13G filing mean for DSGX ownership?

A Schedule 13G indicates a large passive ownership disclosure rather than an active activist position. BlackRock filed this form to report beneficial ownership under SEC rules for institutional investors.

When was the BlackRock Schedule 13G for Descartes signed?

The filing is signed by Spencer Fleming on 04/27/2026. That signature date appears on the submitted Schedule 13G cover information.

How much voting power does BlackRock have in Descartes?

BlackRock reports sole voting power over 4,044,836 shares. The Schedule 13G differentiates voting power and dispositive power in the ownership table.

Does the filing indicate BlackRock will try to influence Descartes' management?

The Schedule 13G does not state any intent to influence management; it identifies the stake as beneficial ownership by Reporting Business Units. No activism or control language is included in the excerpt.