ValueAct Group Reports 2.10M Shares, 6.7% of Insight (NSIT)

Rhea-AI Filing Summary

ValueAct affiliates disclosed beneficial ownership of 2,101,739 shares of Insight Enterprises, Inc. common stock, representing approximately 6.7% of the company's outstanding shares based on 31,470,776 shares reported as of July 25, 2025. The disclosure appears in Amendment No. 11 to a Schedule 13D and attributes shared voting and dispositive power across a group of related entities including ValueAct Capital Master Fund, L.P., VA Partners I, LLC and several ValueAct management and holdings entities. The filing states the source of funds as either "OO" or "WC" for the reporting persons and references an attached exhibit listing recent transactions. The statement is signed by Jason B. Breeding as authorized signatory on October 9, 2025.

Positive

• Consolidated reporting shows clear attribution of 2,101,739 shares across ValueAct entities
• Stake size of 6.7% is material enough to influence shareholder dialogue without constituting control

Negative

• No statement of intent regarding governance, strategic plans, or proposals was disclosed in this amendment
• Exhibit 1 (transactions) is referenced but not summarized here, limiting immediate transparency on timing and cost basis

Insights

Institutional Investor Analyst

ValueAct now holds a meaningful minority stake in Insight at 2,101,739 shares (6.7%).

Holding 2,101,739 shares and reporting shared voting/dispositive power indicates coordinated ownership across several ValueAct entities. At ~6.7%, this stake is large enough to warrant attention from management and other investors but is below typical control thresholds.

Risks include potential changes in stake size disclosed in subsequent filings; monitor the referenced exhibit for transaction timing and any further Schedule 13D amendments over the next weeks to months for changes to trading or intentions.

Corporate Governance Specialist

The filing documents shared voting and dispositive authority among related ValueAct entities, implying coordinated governance influence.

The Schedule 13D amendment describes overlapping ownership through managerial and GP/LP relationships among ValueAct affiliates, which commonly signals potential engagement with issuer governance or strategy without declaring specific plans here.

Investors should watch for subsequent disclosures of arrangements, proposals, or additional purchases; any formal engagement or agreement would typically appear in follow-up amendments or proxy filings within standard planning horizons.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 11)

Insight Enterprises, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

45765U103

(CUSIP Number)

Jason Breeding,Sonia Muscatine
One Letterman Drive, Building D, 4th Floor
San Francisco, CA, 94129
415-362-3700

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

10/07/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 45765U103

1

Name of reporting person

VA Partners I, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 2,101,739.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 2,101,739.00

11

Aggregate amount beneficially owned by each reporting person

2,101,739.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

6.7 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

(4) See Item 3 (8, 10, 11) See Item 2 and 5 (14) LLC

SCHEDULE 13D

CUSIP No. 45765U103

1

Name of reporting person

ValueAct Capital Master Fund, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

VIRGIN ISLANDS, BRITISH

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 2,101,739.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 2,101,739.00

11

Aggregate amount beneficially owned by each reporting person

2,101,739.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

6.7 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

(4) See Item 3 (8, 10, 11) See Item 2 and 5

SCHEDULE 13D

CUSIP No. 45765U103

1

Name of reporting person

ValueAct Capital Management, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 2,101,739.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 2,101,739.00

11

Aggregate amount beneficially owned by each reporting person

2,101,739.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

6.7 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

(4) See Item 3 (8, 10, 11) See Item 2 and 5

SCHEDULE 13D

CUSIP No. 45765U103

1

Name of reporting person

ValueAct Capital Management, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 2,101,739.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 2,101,739.00

11

Aggregate amount beneficially owned by each reporting person

2,101,739.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

6.7 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

(4) See Item 3 (8, 10, 11) See Item 2 and 5 (14) LLC

SCHEDULE 13D

CUSIP No. 45765U103

1

Name of reporting person

ValueAct Holdings, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 2,101,739.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 2,101,739.00

11

Aggregate amount beneficially owned by each reporting person

2,101,739.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

6.7 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

(4) See Item 3 (8, 10, 11) See Item 2 and 5

SCHEDULE 13D

CUSIP No. 45765U103

1

Name of reporting person

ValueAct Holdings II, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 2,101,739.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 2,101,739.00

11

Aggregate amount beneficially owned by each reporting person

2,101,739.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

6.7 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

(4) See Item 3 (8, 10, 11) See Item 2 and 5

SCHEDULE 13D

CUSIP No. 45765U103

1

Name of reporting person

ValueAct Holdings GP, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 2,101,739.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 2,101,739.00

11

Aggregate amount beneficially owned by each reporting person

2,101,739.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

6.7 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

(4) See Item 3 (8, 10, 11) See Item 2 and 5 (14) LLC

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock
(b)	Name of Issuer: Insight Enterprises, Inc.
(c)	Address of Issuer's Principal Executive Offices: 2701 E INSIGHT WAY, CHANDLER, ARIZONA , 85286.
Item 1 Comment: This Amendment No. 11 supplements the information set forth in the Schedule 13D filed by the Reporting Persons with the United States Securities and Exchange Commission (the "SEC"), as amended from time to time (the "Schedule 13D"), relating to Common Stock, par value $0.01 (the "Common Stock"), of INSIGHT ENTERPRISES, INC., a Delaware corporation (the "Issuer"). All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D.The information set forth in response to each separate Item below shall be deemed to be a response to all Items where such information is relevant. The Schedule 13D is hereby supplementally amended as follows:
Item 5.	Interest in Securities of the Issuer
(a)	The responses to Items 3, 4 and 6 of this Schedule 13D are incorporated herein by reference. (a) and (b). Set forth below is the beneficial ownership of shares of Common Stock of the Issuer for each person named in Item 2. Shares reported as beneficially owned by ValueAct Master Fund are also reported as beneficially owned by (i) ValueAct Management L.P. as the manager of each such investment partnership, (ii) ValueAct Management LLC, as General Partner of ValueAct Management L.P., (iii) ValueAct Holdings, as the majority owner of the membership interests of VA Partners I, (iv) ValueAct Holdings II, as the sole owner of the limited partnership interests of ValueAct Management L.P. and the membership interests of ValueAct Management LLC, and (v) ValueAct Holdings GP, as General Partner of ValueAct Holdings and ValueAct Holdings II. Shares reported as beneficially owned by ValueAct Master Fund are also reported as beneficially owned by VA Partners I, as General Partner of ValueAct Master Fund. VA Partners I, ValueAct Management L.P., ValueAct Management LLC, ValueAct Holdings, ValueAct Holdings II, and ValueAct Holdings GP also, directly or indirectly, may own interests in one or more than one of the partnerships from time to time. Unless otherwise indicated below, by reason of such relationship ValueAct Master Fund is reported as having shared power to vote or to direct the vote, and shared power to dispose or direct the disposition of, such shares of Common Stock, with VA Partners I (only with respect to ValueAct Master Fund), ValueAct Management L.P., ValueAct Management LLC, ValueAct Holdings, ValueAct Holdings II, and ValueAct Holdings GP. As of the date hereof, the Reporting Persons may be deemed to be the beneficial owner of 2,101,739 shares of Common Stock, representing approximately 6.7% of the Issuer's outstanding Common Stock. All percentages set forth in this Schedule 13D are based upon the Issuer's reported 31,470,776 outstanding shares of Common Stock as of July 25, 2025 as reported in the Issuer's Form 10-Q for the fiscal period ended June 30, 2025.
(b)	The response to Item 5(a) is incorporated herein by reference.
(c)	Information concerning transactions in Common Stock of the Issuer effected by the Reporting Persons since the date of the previous filing is set forth in Exhibit 1 attached hereto and is incorporated herein by reference.
(d)	Not applicable.
(e)	Not applicable.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
Item 7.	Material to be Filed as Exhibits.
	Exhibit 1: Transactions in Securities of the Issuer

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.

VA Partners I, LLC

Signature:	/s/ Jason B. Breeding
Name/Title:	Jason B. Breeding, Authorized Signatory
Date:	10/09/2025

ValueAct Capital Master Fund, L.P.

Signature:	/s/ Jason B. Breeding
Name/Title:	Jason B. Breeding, Authorized Signatory, VA Partners I, LLC, its General Partner
Date:	10/09/2025

ValueAct Capital Management, L.P.

Signature:	/s/ Jason B. Breeding
Name/Title:	Jason B. Breeding, Authorized Signatory, ValueAct Capital Management, LLC, its General Partner
Date:	10/09/2025

ValueAct Capital Management, LLC

Signature:	/s/ Jason B. Breeding
Name/Title:	Jason B. Breeding, Authorized Signatory
Date:	10/09/2025

ValueAct Holdings, L.P.

Signature:	/s/ Jason B. Breeding
Name/Title:	Jason B. Breeding, Authorized Signatory, ValueAct Holdings GP, LLC, its General Partner
Date:	10/09/2025

ValueAct Holdings II, L.P.

Signature:	/s/ Jason B. Breeding
Name/Title:	Jason B. Breeding, Authorized Signatory, ValueAct Holdings GP, LLC, its General Partner
Date:	10/09/2025

ValueAct Holdings GP, LLC

Signature:	/s/ Jason B. Breeding
Name/Title:	Jason B. Breeding, Authorized Signatory
Date:	10/09/2025

FAQ

What stake did ValueAct disclose in Insight Enterprises (NSIT)?

ValueAct and affiliated entities reported beneficial ownership of 2,101,739 shares, equal to approximately 6.7% of outstanding common stock.

How was the 6.7% ownership percentage calculated?

The percentage is based on 31,470,776 outstanding shares reported as of July 25, 2025 in the issuer's filings.

Which ValueAct entities are named as reporting persons on the Schedule 13D/A?

Reporting persons include ValueAct Capital Master Fund, L.P., VA Partners I, LLC, ValueAct Capital Management, L.P., ValueAct Capital Management, LLC, ValueAct Holdings, L.P., ValueAct Holdings II, L.P., and ValueAct Holdings GP, LLC.

Did the filing state the reporting persons' intent for the stake?

No; the amendment discloses ownership and shared voting/dispositive power but does not state any specific intentions or plans.

When was the Schedule 13D/A signed?

The signatures on the amendment are dated October 9, 2025.