[SCHEDULE 13G/A] OneSpaWorld Holdings Limited SEC Filing

Rhea-AI Filing Summary

OneSpaWorld Holdings Ltd: Ariel Investments reports a material institutional stake. Ariel Investments, LLC discloses beneficial ownership of 13,213,156 shares, equal to 12.9% of the class. The filer reports sole voting power over 12,059,402 shares and sole dispositive power over all 13,213,156 shares. The statement affirms these securities are held in the ordinary course of business and were not acquired to change or influence control. Ariel also notes its adviser clients have rights to dividends or proceeds on these securities and that no client has an economic interest exceeding 5% of the class.

Positive

• Ariel reports beneficial ownership of 13,213,156 shares, representing 12.9% of OneSpaWorld's common stock.
• Filer reports sole voting power for 12,059,402 shares and sole dispositive power for all 13,213,156 shares.
• Statement certifies holdings are in the ordinary course of business and not held to change or influence control.

Negative

• None.

Insights

Securities Analyst

Material 12.9% institutional stake disclosed with sole dispositive control; filing states no intent to influence control.

The filing documents a significant institutional position: 13,213,156 shares (12.9%). Reported sole voting power of 12,059,402 shares and sole dispositive power over the full position indicate Ariel can direct disposition and votes for the majority of its holding. The certification that the securities are held in the ordinary course and not to affect control is consistent with a Schedule 13G posture rather than an activist Schedule 13D approach. This is material ownership information for shareholders and potential acquirers.

Corporate Governance Expert

Ariel holds meaningful voting and dispositive authority but asserts passive intent; governance implications depend on future actions.

The report shows concentrated economic and voting exposure without shared control: sole voting power for 12,059,402 shares and sole dispositive power for 13,213,156 shares. While the filing includes an explicit certification that holdings are not intended to influence control, the size of the stake (12.9%) makes Ariel a clearly identifiable significant holder whose future voting behavior could matter for governance votes. The filing also clarifies that no single client of Ariel has an economic interest above 5%.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 10)

OneSpaWorld Holdings Ltd

(Name of Issuer)

Common Stock SH

(Title of Class of Securities)

P73684113

(CUSIP Number)

06/30/2025

(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)

SCHEDULE 13G

CUSIP No. P73684113

1

Names of Reporting Persons

Ariel Investments, LLC

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 12,059,402.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 13,213,156.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

13,213,156.00

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)

12.9 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: OneSpaWorld Holdings Ltd
(b)	Address of issuer's principal executive offices: Pineapple Business Park, Airport Industrial Park, P.O. Box N-624, Nassau, Island of New Providence, Commonwealth of The Bahamas
Item 2.
(a)	Name of person filing: Ariel Investments, LLC
(b)	Address or principal business office or, if none, residence: 200 E. Randolph Street, Suite 2900, Chicago, 60601, United States
(c)	Citizenship: DELAWARE LIMITED LIABILITY COMPANY
(d)	Title of class of securities: Common Stock SH
(e)	CUSIP No.: P73684113
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: 13,213,156
(b)	Percent of class: 12.9 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 12,059,402
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 13,213,156
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Ariel Investments, LLC's adviser clients have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, all securities reported upon this Schedule. None of Ariel Investments, LLC's clients have an economic interest in more than 5% of the subject securities reported upon this Schedule.
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.

Ariel Investments, LLC

Signature:	James Prescott
Name/Title:	Vice President, Compliance
Date:	08/13/2025

FAQ

How many OneSpaWorld (OSW) shares does Ariel Investments report owning?

13,213,156 shares, representing 12.9% of the class.

What voting and dispositive powers does Ariel report for OSW?

Sole voting power over 12,059,402 shares and sole dispositive power over 13,213,156 shares; shared powers are reported as 0.

Does Ariel state an intent to influence control of OneSpaWorld (OSW)?

No. The filing certifies the securities are held in the ordinary course of business and were not acquired to change or influence control.

Do any of Ariel's clients hold more than 5% of OSW according to the filing?

No. The filing states that none of Ariel Investments' clients have an economic interest exceeding 5% of the securities reported.

What type of filing is this for OSW?

Schedule 13G/A, reporting beneficial ownership by an institutional investor.