DD Revocable Trust Assumes Control of 7.59% Stake in Conduent Following Darwin Deason's Passing

summarizeSummary

This amendment to Schedule 13D formally transfers beneficial ownership of 7.59% of Conduent's common stock to the DD Revocable Trust following the passing of Darwin Deason, with new executors now controlling the significant stake.

check_boxKey Events

• Beneficial Ownership Transferred

  12,320,307 shares, representing 7.59% of Conduent's common stock, were transferred to the DD Revocable Trust following the passing of Darwin Deason on December 2, 2025.

• New Control Over Significant Stake

  Three co-executors (Douglas R. Deason, Scott Letier, and Bryan C. Birkland) have been appointed to the Trust, gaining shared voting and dispositive power over the 7.59% stake.

• Investment Purpose

  The Trust holds the shares for investment purposes and for the administration and eventual distribution of assets, with the executors continuously evaluating the Issuer's business and market conditions.

auto_awesomeAnalysis

This Schedule 13D/A filing is important as it formalizes the change in beneficial ownership of a substantial 7.59% stake in Conduent Inc. The shares, previously held by Darwin Deason, have been transferred to the DD Revocable Trust following his passing. The appointment of three co-executors to the Trust means that control over this significant block of shares has shifted. While this is an administrative transfer rather than an active investment or divestment decision, the new fiduciaries now have the power to influence the company's direction or make future decisions regarding the disposition or acquisition of shares. This update provides clarity on the ownership structure of a major shareholder amidst recent negative financial results and a CEO change at Conduent.