Wasatch Advisors (ORN) reports 1.66M shares, 4.1% stake (Schedule 13G/A)

Rhea-AI Filing Summary

Orion Group Holdings Inc ownership disclosure: Wasatch Advisors amended its Schedule 13G to report beneficial ownership of 1,656,834 shares of common stock, representing 4.1% of the class. The filing shows sole voting power for 1,553,216 shares and sole dispositive power for 1,656,834 shares, signed on 04/23/2026.

Insights

Institutional Ownership Analyst

Wasatch Advisors reports a passive 4.1% stake in ORN.

The amendment to Schedule 13G shows Wasatch Advisors beneficially owns 1,656,834 common shares with sole dispositive power for the full amount and sole voting power for 1,553,216 shares. The filing form (13G/A) signals passive institutional ownership under the Schedule 13G framework rather than an active Section 13(d) acquisition.

Relevant dependencies include any future changes in holdings that would require conversion to a Schedule 13D; subsequent filings will disclose material shifts. The signature date is 04/23/2026.

Corporate Governance Specialist

Disclosure clarifies voting and dispositive rights without indicating control intent.

The filing lists precise voting and dispositive counts: sole voting power 1,553,216, sole dispositive power 1,656,834. These figures define Wasatch's legal authorities over the shares reported.

Materiality is limited: holding is under the 5% threshold noted in Item 5. Future material changes in percentage ownership would trigger different reporting obligations.

Key Figures

Beneficial ownership: 1,656,834 shares Percent of class: 4.1% Sole voting power: 1,553,216 shares +1 more

4 metrics

Beneficial ownership 1,656,834 shares Amount beneficially owned per Schedule 13G/A

Percent of class 4.1% Percent of class reported in Item 4

Sole voting power 1,553,216 shares Number with sole power to vote per Item 4(c)(i)

Sole dispositive power 1,656,834 shares Number with sole power to dispose per Item 4(c)(iii)

Key Terms

Schedule 13G/A, Beneficially owned, Sole Dispositive Power

3 terms

Schedule 13G/A regulatory

"Amendment No. 1 to Schedule 13G showing passive institutional ownership"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

Beneficially owned financial

"Amount beneficially owned: 1,656,834 (b) Percent of class: 4.1 %"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole Dispositive Power regulatory

"Sole power to dispose or to direct the disposition of: 1,656,834"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/23/2026 - 11:52 AM Learn about SEC filing dates

FAQ

What does Wasatch Advisors report for ORN ownership?

Wasatch Advisors reports 1,656,834 shares of Orion Group common stock, representing 4.1%. The filing states sole voting power for 1,553,216 shares and sole dispositive power for 1,656,834 shares.

Is the Wasatch filing a Schedule 13G or 13D for ORN?

The filing is an amended Schedule 13G/A, which is used by investors claiming passive intent. It does not assert an active acquisition intent that would require Schedule 13D treatment.

Does Wasatch control voting for the reported ORN shares?

Wasatch reports sole voting power for 1,553,216 shares, indicating it can direct votes on those shares. The filing separates voting power from dispositive power in its disclosure.

Does this filing put Wasatch above 5% ownership of ORN?

No. The reported stake is 4.1%, and Item 5 explicitly notes ownership of 5 percent or less of the class, consistent with Schedule 13G thresholds.

What date is associated with the Wasatch signature on the filing?

The filing is signed by Mike Yeates, CEO, with the signature date listed as 04/23/2026. That date appears on the amendment's signature block.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Orion Group Holdings Inc

(Name of Issuer)

COM

(Title of Class of Securities)

68628V308

(CUSIP Number)

03/31/2026

(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)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 68628V308

1

Names of Reporting Persons

Wasatch Advisors LP

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,553,216.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,656,834.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,656,834.00

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)

4.1 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Orion Group Holdings Inc
(b)	Address of issuer's principal executive offices: 2940 Riverby Road, Suite 400, Houston, US-TX, 77020, US
Item 2.
(a)	Name of person filing: Wasatch Advisors LP
(b)	Address or principal business office or, if none, residence: 505 Wakara Way, 3rd Floor, Salt Lake City, 84108, United States
(c)	Citizenship: DELAWARE
(d)	Title of class of securities: COM
(e)	CUSIP No.: 68628V308
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: 1,656,834
(b)	Percent of class: 4.1 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,553,216
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1,656,834
	(iv) Shared power to dispose or to direct the disposition of: 0
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.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

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.

Wasatch Advisors LP

Signature:	Mike Yeates
Name/Title:	CEO
Date:	04/23/2026