Randolph Cook and Sunriver Report 8.82M-Share (5.3%) Holding in IAS
Rhea-AI Filing Summary
Sunriver Management LLC and Randolph Willett Cook report beneficial ownership of 8,822,914 shares of Integral Ad Science Holding Corp., representing 5.3% of the outstanding common stock. The filing shows shared voting and dispositive power over these shares and no sole voting or dispositive power.
The schedule states the securities are directly owned by advisory clients of Sunriver and are held in the ordinary course of business, with an explicit certification that they were not acquired to change or influence control of the issuer. The filing includes a joint filing agreement and identifies reporting-person classifications as IA, OO and HC, IN.
Positive
- Beneficial ownership disclosed of 8,822,914 shares (5.3% of class)
- Securities held directly by advisory clients of Sunriver Management LLC, per the filing
- Filing certifies shares were acquired and are held in the ordinary course of business and not to influence control
- Reporting persons provide shared voting and dispositive power details and attach a joint filing agreement
Negative
- None.
Insights
TL;DR: Reporting persons disclose a passive, material 5.3% stake (8.82M shares) with shared voting and dispositive power.
The Schedule 13G confirms beneficial ownership above the 5% threshold, which is material from a disclosure standpoint but is characterized as passive: the filing certifies the securities were acquired and are held in the ordinary course of business and not to influence control. Relevant metrics are 8,822,914 shares and 5.3% of the class; the holders report no sole voting or dispositive power, only shared power.
TL;DR: Shared voting/dispositive control only; reporting persons disclaim intent to influence control and attach a joint filing agreement.
The filing identifies Sunriver Management LLC and Randolph Willett Cook as reporting persons and includes exhibits for a joint filing agreement and control-person identification. The report explicitly states the securities are directly owned by advisory clients and disclaims beneficial ownership beyond pecuniary interest, reducing governance concerns about an active control stake. The classification codes listed (IA, OO and HC, IN) clarify the reporting roles.