Think India Master Fund Reports Material Ownership in TaskUs (TASK)

Rhea-AI Filing Summary

Think Investments LP and Think India Opportunities Master Fund LP disclosed beneficial ownership of TaskUs, Inc. common stock totaling 3,734,665 shares by Think Investments LP (representing 19.8% of Class A) and 3,157,150 shares by the Master Fund (representing 16.8% of Class A). The reporting persons state purchases were made with cash and that their holdings are for investment purposes while expressing an intent to explore opportunities to maximize value, which may include discussions regarding the recently announced take-private transaction. They reserve the right to buy or sell additional securities and have no present detailed plans or proposals. The filing references exhibits showing purchase transactions, a joint filing agreement and an evaluation document.

Positive

• Significant stake disclosed: Think Investments LP reports beneficial ownership equal to 19.8% of Class A shares, which is a material holding.
• Clear funding source: Purchases were made with cash, indicating no derivative or leveraged structure disclosed.
• Coordination disclosed: Exhibits include a Joint Filing Agreement, clarifying the relationship between reporting persons.

Negative

• No present proposals: Reporting persons state they have no present plans or proposals, limiting immediate actionable outcomes for investors.
• Concentration risk: A near-20% shared voting position could be perceived as a potential destabilizing factor for other shareholders pending further action.

Insights

Securities Analyst

TL;DR: A substantial passive stake near 20% signals significant investor interest and potential engagement around TaskUs's take-private process.

The filing shows Think Investments LP with shared voting and dispositive power over 3,734,665 shares, equal to 19.8% of the Class A outstanding shares used in the calculation, and the Master Fund with 3,157,150 shares (16.8%). Cash funded the purchases and the reporting persons describe an intent to explore value-enhancing opportunities, including discussions about the announced take-private transaction, while stating no present formal proposals. The disclosure is material because near-20% ownership can influence governance outcomes and warrants monitoring of any subsequent proposals, coordinated actions or additional filings that would change control or voting dynamics.

Corporate Governance Expert

TL;DR: Ownership levels reported create leverage to engage management or acquirers but the filer reports no definitive plan today.

Think Investments LP asserts investment-purpose motives and reserved discretion to transact further. The filing includes a joint filing agreement and transaction exhibit, indicating coordinated reporting and prior purchases. From a governance perspective, shared voting power approaching 20% is large enough to prompt management and other shareholders to take engagement seriously, particularly given the referenced take-private transaction. The disclosure appropriately outlines authority to vote and dispose of the securities on behalf of pooled vehicles, clarifying the adviser relationship and mechanics of control.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)

TaskUs, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

87652V109

(CUSIP Number)

Marcus A. Werner
c/o Think Investments LP, One Letterman Dr, Bldg C, Suite CM-420
San Francisco, CA, 94129
415-675-3271

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

05/09/2025

(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. 87652V109

1

Name of reporting person

Think Investments LP

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 3,734,665.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 3,734,665.00

11

Aggregate amount beneficially owned by each reporting person

3,734,665.00

12

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

13

Percent of class represented by amount in Row (11)

19.8 %

14

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13D

CUSIP No. 87652V109

1

Name of reporting person

Think India Opportunities Master Fund LP

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

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 3,157,150.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 3,157,150.00

11

Aggregate amount beneficially owned by each reporting person

3,157,150.00

12

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

13

Percent of class represented by amount in Row (11)

16.8 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock
(b)	Name of Issuer: TaskUs, Inc.
(c)	Address of Issuer's Principal Executive Offices: 1650 INDEPENDENCE DRIVE, 1650 INDEPENDENCE DRIVE, NEW BRAUNFELS, TEXAS , 78132.
Item 2.	Identity and Background
(a)	Think Investments LP Think India Opportunities Master Fund LP
(b)	One Letterman Drive Building C, Suite CM-420 San Francisco, CA 94129
(c)	The principal occupation of Think Investments LP is being the Investment Advisor to the funds. The principal occupation of Think India Opportunities Master Fund LP is being the Master Fund to feeder funds.
(d)	The Reporting Persons have not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) during the last five years.
(e)	During the last five years, the Reporting Person has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f)	Think Investments LP - Delaware Think India Opportunities Master Fund LP - Cayman Islands
Item 3.	Source and Amount of Funds or Other Consideration
	The Reporting Persons used cash to make the purchases of Common Stock listed on Exhibit I hereto.
Item 4.	Purpose of Transaction
	The Reporting Persons have acquired shares in the issuer for investment purposes and would like to express an intent to explore further opportunities in its business to maximize value. This may include discussions with management, the acquirers or other relevant parties with respect to the terms of the recently announced take-private transaction. The Reporting persons may, from time to time, review or reconsider their position and may formulate plans or proposals with respect to the issuer or its securities, but has no present plans or proposals in place. The Reporting Persons may from time to time and at any time, in their sole discretion, acquire or cause to be acquired, additional equity or debt securities or other instruments of the issuer, its subsidiaries or affiliates, or dispose or cause to be disposed, such equity or debt securities or instruments, in any amount that the Reporting Persons may determine in their sole discretion, through open market transactions, privately negotiated transactions or otherwise.
Item 5.	Interest in Securities of the Issuer
(a)	The calculation of percentage of beneficial ownership was derived from the Issuer's Quarterly Statement on Schedule 10-Q filed with the Securities and Exchange Commission on May 12, 2025, in which the Issuer stated that the number of Class A common stock outstanding as of May 2, 2025 was 18,837,801 shares.
(b)	Think Investments LP - 3,734,665.00 Think India Opportunities Master Fund LP - 3,157,150.00
(c)	Exhibit I sets forth the transactions in the Common Stock effected by the Reporting Persons during the past 63 days.
(d)	Think Investments LP is filing this Schedule 13D because, as the investment adviser of one or more investment partnerships or pooled investment vehicles that beneficially hold the Securities, Think Investments LP has been granted the authority to dispose of and vote such Securities. The investment partnerships have the right to receive (or the power to direct the receipt of) dividends received in connection with ownership of the Securities, and the proceeds from the sale of the Securities.
(e)	Not applicable
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Not applicable
Item 7.	Material to be Filed as Exhibits.
	Exhibit I - TASK purchases - 13D Exhibit II - Joint Filing Agreement - TASK - 13D Exhibit III - TaskUs Evaluation

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.

Think Investments LP

Signature:	Marcus A. Werner
Name/Title:	Chief Compliance Officer of ThinkInvestments LP
Date:	08/26/2025

Think India Opportunities Master Fund LP

Signature:	Marcus A. Werner
Name/Title:	Chief Compliance Officer of theInvestment Advisor of Think India Opportunities Master Fund LP
Date:	08/26/2025

FAQ

How many TaskUs (TASK) shares do Think Investments LP and the Master Fund report owning?

Think Investments LP reports beneficial ownership of 3,734,665 shares and Think India Opportunities Master Fund LP reports 3,157,150 shares.

What percent of TaskUs Class A stock does the filing state is owned by Think Investments LP?

The filing states Think Investments LP's position represents 19.8% of Class A common stock outstanding used in the calculation.

What was the source of funds for the purchases reported in the Schedule 13D/A?

The reporting persons state the purchases were made using cash.

Does the filing indicate the reporting persons have concrete plans to change TaskUs's management or capital structure?

No. The filing states they have no present plans or proposals, though they express intent to explore opportunities to maximize value and may engage in discussions.

Are there exhibits attached to the filing that detail transactions or agreements?

Yes. The filing references exhibits including purchase transaction details (Exhibit I), a Joint Filing Agreement (Exhibit II), and a TaskUs evaluation (Exhibit III).