Wellington Reports 3.43M Shares (9.55%) Stake in Fiverr (FVRR)
Wellington Management and affiliated entities report beneficial ownership of 3,431,071 shares of Fiverr International Ltd. common stock, representing 9.55% of the class.
Rhea-AI Filing Summary
Wellington Management and affiliated entities report beneficial ownership of 3,431,071 shares of Fiverr International Ltd. common stock, representing 9.55% of the class. The filing shows 0 shares with sole voting or dispositive power, 2,700,394 shares with shared voting power and 3,431,071 shares with shared dispositive power. One affiliate, Wellington Management Company LLP, lists the stake as 9.0% on its cover page.
The document states these securities are owned of record by clients of Wellington’s investment advisers and includes a certification that the holdings were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. The filing also identifies the parent-subsidiary relationships among the Wellington entities that own or control the advisers.
Positive
- Aggregate ownership of 3,431,071 shares reported, representing a material stake of 9.55% of the class.
- Filing certification states holdings were acquired and are held in the ordinary course of business and not to change or influence control.
Negative
- None.
Insights
TL;DR Wellington reports a near-10% economic position in Fiverr held on behalf of clients, with voting and dispositive powers shared across affiliates.
The filing discloses an aggregate beneficial ownership of 3,431,071 shares, equal to 9.55% of the class, with 0 shares reported as sole voting or dispositive power. Shared voting power is reported at 2,700,394 shares and shared dispositive power at 3,431,071. Holdings are owned of record by clients of Wellington investment advisers, and the filer certifies the securities were acquired and are held in the ordinary course of business and not to change control.
TL;DR A sizable institutional economic stake is disclosed but the filing shows no sole control; shares are held by client accounts under adviser structures.
The statement identifies multiple Wellington entities and the parent-subsidiary relationships among them, and it specifies that the securities are record-owned by clients of Wellington’s investment advisers. The filing documents shared voting and dispositive powers and includes a certification that holdings were not acquired to change or influence control of the issuer. These factual disclosures clarify ownership scale and legal posture without asserting direct control by any single Wellington entity.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What voting and dispositive powers does Wellington report for FVRR?
Does any client hold more than 5% of Fiverr according to the filing?
What does the filing say about the purpose of the holdings?
AI-generated analysis. How Rhea-AI works. Not financial advice.