[SCHEDULE 13G] Pros Holdings, Inc. SEC Filing
Rhea-AI Filing Summary
Alyeska Investment Group, L.P., Alyeska Fund GP, LLC and Anand Parekh together report beneficial ownership of 3,304,844 shares of Pros Holdings, Inc. common stock, representing 6.91% of the outstanding class based on 47,852,469 shares. The filing states these shares are held in the ordinary course of business and were not acquired to change or influence control. All three filers list shared voting and dispositive power for the full position and report no sole voting or dispositive power.
Positive
- Material ownership disclosed: Reported 3,304,844 shares representing 6.91% of outstanding common stock.
- Filed as Schedule 13G: Certifies holdings are held in the ordinary course and not for control.
- Joint filing clarity: Includes a Rule 13d-1(k) joint filing statement assigning amendment responsibility among filers.
Negative
- No sole voting power reported: Filers report 0 shares of sole voting or dispositive power, only shared authority.
- Potential for future change: The filing does not contain forward-looking intentions; any change could require amendment to Schedule 13D.
Insights
TL;DR: A 6.91% passive stake by an investment manager signals a material ownership position without claimed control intent.
Alyeska's reported 3,304,844-share position equals 6.91% of PRO's outstanding shares using the issuer's 10-Q share count. The filing follows Schedule 13G format and includes a certification that the position was acquired and is held in the ordinary course of business and not for control. The position is reported with shared voting and dispositive power and no sole voting or dispositive power, indicating collective decision-making within the reporting group rather than unilateral control. For investors, this is a material disclosure of concentrated ownership but not an activist or controlling claim.
TL;DR: Joint Schedule 13G with shared powers notifies the market of a meaningful stake while disclaiming intent to influence control.
The joint filing under Rule 13d-1 reports the position across an LP, its GP, and an individual (Anand Parekh) with identical beneficial ownership figures and signatures dated 08/14/2025. The joint filing statement pursuant to Rule 13d-1(k) assigns responsibility among filers for amendments. The explicit certification that holdings are not for control and the absence of sole voting/dispositive power reduce immediate governance alarm but require monitoring for any future amendments converting to Schedule 13D if intentions change.