SCHEDULE 13G/A: Serge Godin Maintains Significant 10.7% Stake in CGI Inc. Class A Subordinate Voting Shares

Serge Godin, through his direct holdings and Distinction Capital Inc., reported beneficial ownership of 10.7% of CGI Inc.'s Class A Subordinate Voting Shares as of December 31, 2024.

Summary

• Serge Godin, a Canadian citizen, is the reporting person for this Schedule 13G filing.
• He beneficially owns an aggregate of 24,356,280 Class A Subordinate Voting Shares of CGI Inc.
• This ownership represents 10.7% of the Class A Subordinate Voting Shares outstanding.
• Mr. Godin holds sole voting power and sole dispositive power over all 24,356,280 shares.
• The reported shares include 24,122,758 Class A Subordinate Voting Shares issuable upon conversion of 24,122,758 of the issuer's Class B Shares (multiple voting 10 votes per Class B share).
• His beneficial ownership includes shares held by Distinction Capital Inc., a company where Mr. Godin is the controlling shareholder and sole director.
• Performance Share Units (PSUs) granted to Mr. Godin for fiscal years 2022, 2023, 2024, and 2025 are not included in this beneficial ownership report, as they are subject to performance and/or time vesting conditions that will not be determined within 60 days of December 31, 2024.

Sentiment

Score: 5

Explanation: The document is a routine beneficial ownership filing and does not contain information that would significantly alter sentiment, maintaining a neutral outlook.

Positives

• Confirms a substantial and stable insider ownership stake by Serge Godin, indicating continued alignment of interests with shareholders.

Negatives

• The document does not contain any negative financial or operational information, as it is solely a beneficial ownership report.

Risks

• No specific risks related to company operations or financial health are detailed in this beneficial ownership report.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Management Comments

• Performance Share Units (PSUs) granted to Mr. Godin as part of his compensation for fiscal years 2022, 2023, 2024, and 2025 are not included in the reported beneficial ownership, as they remain subject to performance and/or time vesting conditions, none of which will be determined within 60 days of December 31, 2024.

Industry Context

This filing is a routine disclosure of beneficial ownership by a significant shareholder and does not provide broader industry context or trends.

Related Party Transactions

• Serge Godin's beneficial ownership includes shares owned by Distinction Capital Inc., of which Mr. Godin is the controlling shareholder and sole director, indicating a related party holding.

Stakeholder Impact

• Shareholders: Provides transparency regarding the significant ownership stake held by a key insider, Serge Godin, which can be viewed as a sign of confidence in the company.

Key Dates

Keywords

CGI Inc., Serge Godin, Schedule 13G, beneficial ownership, Class A Subordinate Voting Shares, insider holdings, SEC filing, Distinction Capital Inc.