ODD 13G/A Amendment: Reporting Persons Update Ownership After Sale
Rhea-AI Filing Summary
ODDITY Tech Ltd. disclosure shows that LCGP3 Pro Makeup, L.P., CGP3 Managers, L.L.C., Scott Arnold Dahnke and James Michael Chu (collectively the Reporting Persons) beneficially own 3,537,472 Class A ordinary shares. The cover pages report this holding as 8.0% of the Class A shares. The filing states percentage calculations are based on 44,281,291 Class A shares outstanding as of December 31, 2024 and notes Class A and Class B totals reported in the issuer's Form 20-F. The shares are held directly by LCGP3, which is controlled by Manager; Dahnke and Chu are controlling managing members of Manager and therefore may share voting and investment power. This Amendment updates ownership following an open market sale on September 4, 2025.
Positive
- Public disclosure of a material stake: Reporting Persons publicly report ownership above 5% (3,537,472 shares), meeting regulatory transparency requirements.
- Clear ownership structure: Filing explicitly explains that LCGP3 holds the shares and Manager, Dahnke and Chu share voting and dispositive power.
Negative
- Reduction in reported position: The amendment follows an open market sale on September 4, 2025, indicating the Reporting Persons reduced their holdings.
- Limited detail on transaction: The filing does not disclose sale price, quantities sold on that date, or remaining pre-sale position for comparison.
Insights
TL;DR: Reporting Persons hold 3.54 million Class A shares (~8.0%), updated after an open-market sale on 9/4/2025; disclosure is routine but material.
The Schedule 13G/A documents a meaningful ownership stake above the 5% threshold, which requires public reporting. The statement clarifies beneficial ownership structure: shares are held by LCGP3 with shared voting and dispositive power attributed to its Manager and two named individuals. The filing cites the issuer's Form 20-F share counts as the basis for percentages, ensuring consistency with prior public disclosures. No financial performance data or transaction pricing is provided in this amendment; it only reports post-sale ownership levels.
TL;DR: This amendment updates ownership and affirms control relationships among entities and individuals; it is a standard, material governance disclosure.
The document appropriately attributes shared voting and dispositive power to the Manager and its controlling members, meeting Schedule 13G requirements for clarity on control. The joint filing agreement is referenced by incorporation. The filing does not assert Section 13(d)/(g) beneficial ownership beyond the reported facts and expressly states it is voluntary. There are no disclosures of any changes to governance arrangements beyond the ownership update.