Activist Investor Starboard Value Significantly Reduces Stake in Rogers Corp.

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Activist investor Starboard Value LP and its affiliates have significantly reduced their beneficial ownership in Rogers Corp., falling below the 5% reporting threshold. This amendment to their Schedule 13D indicates a reduction from 5.9% to 3.3% of outstanding shares, involving the sale of approximately 595,329 shares valued at around $59 million over the past 60 days. This substantial reduction by a prominent activist investor suggests a potential shift in their investment thesis or a loss of conviction in the company's future prospects, which could be viewed negatively by the market.

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• Significant Stake Reduction

  Starboard Value LP and its affiliates reduced their beneficial ownership in Rogers Corp. from 5.9% to 3.3% of outstanding shares.

• Substantial Share Sales

  The activist investor group sold approximately 595,329 shares for a total value of about $59 million over the past 60 days.

• Below 5% Ownership Threshold

  As of January 22, 2026, Starboard Value ceased to beneficially own more than 5% of Rogers Corp.'s outstanding shares, triggering this Schedule 13D/A filing.

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Activist investor Starboard Value LP and its affiliates have significantly reduced their beneficial ownership in Rogers Corp., falling below the 5% reporting threshold. This amendment to their Schedule 13D indicates a reduction from 5.9% to 3.3% of outstanding shares, involving the sale of approximately 595,329 shares valued at around $59 million over the past 60 days. This substantial reduction by a prominent activist investor suggests a potential shift in their investment thesis or a loss of conviction in the company's future prospects, which could be viewed negatively by the market.