Paulson funds boost Thryv (THRY) stake with 2,437,765-share purchase

Rhea-AI Filing Summary

Paulson & Co. Inc., as investment manager for certain funds, reported open-market purchases totaling 2,437,765 shares of Thryv Holdings common stock. The funds bought shares on three days at prices of $2.29, $2.49, and $2.83 per share.

All shares are owned by the funds managed by Paulson, and the reporting persons state this filing does not admit beneficial ownership for any individual. After these purchases, the funds indirectly held 8,443,835 Thryv common shares.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

PAULSON & CO. INC.

(Last) (First) (Middle)

15 EXCHANGE PLACE

(Street)

JERSEY CITY X1 07302

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Thryv Holdings, Inc. [ THRY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/27/2026		P		857,066	A	$2.29	6,863,136	I(1)	By Managed Funds and Accounts
Common Stock	03/02/2026		P		987,078	A	$2.49	7,850,214	I(1)	By Managed Funds and Accounts
Common Stock	03/03/2026		P		593,621	A	$2.83	8,443,835	I(1)	By Managed Funds and Accounts

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Paulson & Co. Inc. ("Paulson") is the investment manager of investment funds (the "Funds"). John Paulson is the controlling person of Paulson. All securities reported on this Form 4 are owned by the Funds. Each of Paulson and John Paulson may be deemed to indirectly beneficially own the securities directly owned by the Funds. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Act"), the filing of this Form 4 shall not be deemed an admission by any person reporting on this Form 4 that such person, for purposes of Section 16 of the Act or otherwise, is the beneficial owner of any equity securities covered by this Form 4.

	PAULSON & CO. INC. /s/ Stuart L. Merzer, General Counsel & Chief Compliance Officer	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider activity did Paulson & Co. report for Thryv Holdings (THRY)?

Paulson-managed funds reported buying 2,437,765 Thryv Holdings shares. These were open-market purchases over three days, increasing the funds’ indirect holdings to 8,443,835 common shares, as disclosed in the Form 4 insider filing.

Over what dates did Paulson-managed funds buy Thryv (THRY) shares?

The funds bought Thryv shares on February 27, March 2, and March 3, 2026. Each date reflects a separate open-market purchase, with reported transaction prices of $2.29, $2.49, and $2.83 per share, respectively.

How many Thryv (THRY) shares do Paulson-managed funds hold after these trades?

After the reported purchases, Paulson-managed funds held 8,443,835 Thryv common shares. This figure comes from the latest transaction entry in the Form 4, which lists total shares following the March 3, 2026 open-market purchase.

What prices did Paulson-managed funds pay for Thryv (THRY) stock?

The funds paid $2.29, $2.49, and $2.83 per share in the reported trades. Each price corresponds to a specific trading date, reflecting open-market purchases on February 27, March 2, and March 3, 2026, respectively.

Do Paulson & Co. or John Paulson claim beneficial ownership of Thryv (THRY) shares?

The filing states all securities are owned by the funds managed by Paulson & Co. It notes Paulson and John Paulson may be deemed indirect beneficial owners but expressly disclaims that the filing admits beneficial ownership for Section 16 purposes.

Are the Thryv (THRY) shares held directly by Paulson & Co.?

No, the shares are held by investment funds and accounts managed by Paulson & Co. The Form 4 classifies ownership as indirect, with the nature of ownership described as “By Managed Funds and Accounts” for each reported transaction.