[Form 4] Erie Indemnity Co Insider Trading Activity

Rhea-AI Filing Summary

OceanLink Partners Fund, LP, a Cayman Islands exempted limited partnership, has filed a passive Schedule 13G revealing beneficial ownership of 5,707,633 Class A ordinary shares of Atour Lifestyle Holdings Ltd (NASDAQ: ATAT) in the form of ADSs. The holding equals 5.02 % of the 340.9 million Class A shares outstanding as of 29 May 2025, placing the fund just over the 5 % disclosure threshold.

The filer reports zero sole or shared voting and dispositive power over the shares and certifies the investment is not intended to influence control of the company, confirming a purely passive position under Rule 13d-1(c). No purchase dates or cost basis were disclosed.

The appearance of a new institutional holder may broaden ATAT’s investor base and improve liquidity, yet the absence of voting rights or control intent limits near-term governance impact. Investors should watch future filings for ownership changes that could shift this stance.

Positive

• Institutional ownership disclosure—OceanLink’s 5.02% stake introduces a new professional investor to ATAT’s register, which can enhance market confidence and liquidity.

Negative

• No voting or dispositive power limits OceanLink’s ability to support shareholder initiatives or influence strategy.
• Stake barely exceeds reporting threshold; a small reduction would eliminate filing obligations, suggesting the position might not be long-term.

Insights

Equity Analyst

TL;DR: New 5.02% passive stake signals institutional interest; limited immediate impact on control.

OceanLink’s disclosure confirms a meaningful but non-activist position in ATAT. The fund’s holdings equate to roughly 3.8 million ADSs (each ADS represents three shares). While additional institutional ownership can tighten the float and support valuation, the stated lack of voting or dispositive power suggests the position is held through structures that cede proxy rights—possibly via swap or custodial arrangements. Without board influence or control intent, the filing is largely informational. Future 13G/A or 13D conversions would be the catalyst for stronger implications.

Corporate Governance Specialist

TL;DR: Filing is compliance driven; no governance pressure expected from OceanLink.

Because OceanLink certified it is not pursuing control and has no voting power, the stake should not alter ATAT’s governance dynamics. The fund sits marginally above the 5 % threshold, so any sale of ~40,000 shares would drop it below reporting requirements, indicating potential transience. Investors should interpret the notice as a passive portfolio allocation rather than a prelude to activism.

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Hudson Brian Arden Sr.

(Last) (First) (Middle)

4741 GREAT OAK LANE

(Street)

HARRISBURG PA 17110

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ERIE INDEMNITY CO [ ERIE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/22/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	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
Class A Common Stock								295	D

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
Directors' Deferred Compensation Share Credits	$0(1)	07/22/2025		J(2)		12.377		(3)	(3)	Class A Common Stock	12.377	$364.1	3,156.126	D

Explanation of Responses:

1. Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan.

2. Acquired under dividend reinvestment for Directors' Deferred Compensation Plan.

3. The shares subject to this reporting are Share Credits which are periodically credited to the accounts of certain Directors of Erie Indemnity Company pursuant to its Outside Directors' Stock Plan. These Share Credits represent the right to receive an equivalent number of shares of Erie Indemnity Company Class A common stock when the reporting individual's service as a Director of the Company ends. There are no exercisable or expiration dates for these securities.

Remarks:

	Rebecca A. Buona, Power of Attorney	07/24/2025
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How much of Atour Lifestyle (ATAT) does OceanLink Partners own?

OceanLink Partners Fund, LP beneficially owns 5,707,633 Class A shares (via ADSs), equal to 5.02 % of the class.

Is OceanLink Partners’ stake in ATAT active or passive?

The Schedule 13G filing classifies the stake as passive; the fund certifies no intent to influence control.

Does OceanLink have voting rights over its ATAT shares?

No. The filer reports 0 shares with sole or shared voting or dispositive power.

Why did OceanLink have to file Schedule 13G for ATAT?

U.S. rules require public disclosure when ownership of a class of registered equity reaches or exceeds 5 %.

What ticker symbol and CUSIP are associated with the disclosed shares?

The ADSs trade under ATAT on Nasdaq and carry CUSIP 04965M106.