[SCHEDULE 13G/A] Kornit Digital Ltd. SEC Filing
Artisan Partners filing reports beneficial ownership of 2,778,422 ordinary shares of Kornit Digital Ltd., representing 6.1% of the outstanding class (2,778,422 of 45,327,503 shares). The report shows no sole voting or dispositive power; instead the filers disclose shared voting power of 2,519,156 and shared dispositive power of 2,778,422.
The shares were acquired on behalf of discretionary clients of Artisan Partners Limited Partnership and are held in the ordinary course of business; the filing certifies they were not acquired to change or influence control of the issuer. A joint filing agreement among the Artisan entities is included and the filing is signed by Gregory K. Ramirez on their behalf.
- Institutional ownership disclosed: Artisan Partners reports a material stake of 6.1% (2,778,422 shares), increasing transparency for KRNT investors.
- Holdings managed for clients: Shares are held on behalf of discretionary clients of Artisan Partners Limited Partnership, reflecting professional asset management involvement.
- No sole voting or dispositive power: The reporting parties disclose no sole voting or dispositive authority, indicating a passive position without unilateral control.
- Concentrated position: A single institutional grouping holds over 6%, which is material to ownership concentration though not presented as control-seeking.
Insights
TL;DR: Artisan Partners reports a material passive stake of 6.1% in KRNT, indicating notable institutional exposure without control.
The Schedule 13G shows Artisan-affiliated entities beneficially own 2,778,422 shares, with shared voting power of 2,519,156. Because the filing is a 13G and the filing certifies holdings are in the ordinary course and not for control, this represents a passive institutional position rather than an activist intent. For investors, the stake signals meaningful institutional interest and potential liquidity implications, but no change in corporate control is indicated by the disclosure.
TL;DR: APLP and related Artisan entities hold a >5% passive stake, with shared voting/dispositive rights but no sole control.
The filing identifies the reporting parties and clarifies that the shares are held for discretionary clients of Artisan Partners Limited Partnership and are not intended to influence control. The split between shared voting power (2,519,156) and shared dispositive power (2,778,422) suggests coordinated ownership among affiliated reporting entities. From a governance perspective, this is a significant disclosure for transparency but does not alter board control or management authority.