D-MARKET Electronic Services & Trading reports that the Reporting Persons disposed of all of their ordinary shares. The statement identifies TurkCommerce B.V., Templeton Turkey Fund GP Ltd. and Templeton Asset Management Ltd. as the Reporting Persons and lists their principal business addresses.
The Reporting Persons state they "disposed of all of the Issuer's Ordinary Shares" on or about January 9, 2026, and note that any group that included them has been dissolved with respect to these shares.
Positive
None.
Negative
None.
Insights
All institutional holders listed have exited their stake; the group is dissolved.
The filing documents that TurkCommerce B.V., Templeton Turkey Fund GP Ltd. and Templeton Asset Management Ltd. disposed of all ordinary shares on or about January 9, 2026. This is a change in disclosed beneficial ownership and ends the reporting group relationship described in the statement.
Key dependencies include the exact share quantities (not stated in the excerpt) and any subsequent filings that report transferees or updated ownership; subsequent disclosures may specify remaining major holders or filing continuations.
The amendment functions as a notice of group dissolution following disposition.
The Schedule 13G/A amendment furnishes Item 9: a notice that the Reporting Persons disposed of all Issuer ordinary shares on or about January 9, 2026, and that further filings, if required, will be made by members individually. Signatures from four directors appear on the filing dated 02/25/2026.
Regulatory implications center on whether additional Form 13 filings or Section 16 reports are required by other parties; timing and any required follow-on filings depend on transferee reporting obligations.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 3)
D-MARKET Electronic Services & Trading
(Name of Issuer)
Ordinary shares, nominal value TRY 0.20 per share
(Title of Class of Securities)
23292B104
(CUSIP Number)
12/31/2025
(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)
SCHEDULE 13G
CUSIP No.
23292B104
1
Names of Reporting Persons
TURKCOMMERCE B.V.
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
NETHERLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
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)
0.0 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
23292B104
1
Names of Reporting Persons
TEMPLETON TURKEY FUND GP LTD
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
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
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)
0.0 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
CUSIP No.
23292B104
1
Names of Reporting Persons
TEMPLETON ASSET MANAGEMENT LTD.
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
SINGAPORE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
This statement is filed on behalf of each of the following persons (collectively, the "Reporting Persons"):
1.TurkCommerce B.V.
2.Templeton Turkey Fund GP Ltd.
3.Templeton Asset Management Ltd.
(b)
Address or principal business office or, if none, residence:
The principal business address of TurkCommerce B.V. is as follows:
Amstelveenseweg 760
1081JK Amsterdam
Netherlands
The principal business address of Templeton Turkey Fund GP Ltd. is as follows:
Maples Corporate Services Limited
PO Box 309, Ugland House
Grand Cayman, KY1-1104
Cayman Islands
The principal business address of Templeton Asset Management Ltd. is as follows:
7 Temasek Boulevard
Suntec Tower One, #26-03
Singapore 038987
(c)
Citizenship:
See Row 4 of the cover page for each Reporting Person.
(d)
Title of class of securities:
Ordinary shares, nominal value TRY 0.20 per share
(e)
CUSIP No.:
23292B104
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 response to row 9 of the cover page for each Reporting Person.
(b)
Percent of class:
See response to row 11 of the cover page for each Reporting Person.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See response to row 5 of the cover page for each Reporting Person.
(ii) Shared power to vote or to direct the vote:
See response to row 6 of the cover page for each Reporting Person.
(iii) Sole power to dispose or to direct the disposition of:
See response to row 7 of the cover page for each Reporting Person.
(iv) Shared power to dispose or to direct the disposition of:
See response to row 8 of the cover page for each Reporting Person.
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
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.
Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.
The Reporting Persons disposed of all of the Issuer's Ordinary Shares, nominal value TRY 0.20 per share (the "Shares"), on or about January 9, 2026. As a result, any group with respect to the Shares which included any of the Reporting Persons has been dissolved with respect to the Reporting Persons.
Item 10.
Certifications:
Not Applicable
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.
