SCHEDULE 13G/A: Cat Rock Capital Management Discloses 3.6% Stake in Docebo Inc.
Beneficial Ownership Disclosure
Cat Rock Capital Management LP and Alexander Captain have reported a 3.6% beneficial ownership stake in Docebo Inc., holding 1,094,869 common shares as of December 31, 2024.
Summary
- Cat Rock Capital Management LP and Alexander Captain (the "Reporting Persons") beneficially own 1,094,869 common shares of Docebo Inc.
- This ownership represents approximately 3.6% of Docebo Inc.'s common shares outstanding.
- The percentage is calculated based on 30,173,516 common shares outstanding as of September 30, 2024, as reported by Docebo Inc. in a Form 6-K.
- The Reporting Persons hold shared voting power and shared dispositive power over all 1,094,869 shares.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Docebo Inc.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership, providing neutral information without expressing positive or negative sentiment about the issuer's performance or prospects.
Future Outlook
This Schedule 13G filing does not contain any forward-looking statements or guidance regarding Docebo Inc.'s future outlook.
Management Comments
- The Reporting Persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of Docebo Inc.
Industry Context
This filing is a disclosure of an investment firm's ownership stake in Docebo Inc. and does not provide specific analysis of broader industry trends or Docebo Inc.'s competitive position within its industry.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant ownership stake held by an institutional investor, which can influence market perception and trading activity.
Key Dates
| Date | Description |
|---|---|
| 2022-01-10 | Date of Joint Filing Agreement (incorporated by reference to Exhibit A of a previous Schedule 13G filing). |
| 2024-09-30 | Date of common shares outstanding calculation (30,173,516 shares) used as the basis for the ownership percentage. |
| 2024-12-31 | Date of event which requires the filing of this statement (determination of beneficial ownership stake). |
| 2025-02-14 | Date of filing and signature of the Schedule 13G Amendment No. 6. |
Keywords
Docebo Inc., Cat Rock Capital Management, Alexander Captain, Schedule 13G, Beneficial Ownership, Common Shares, Investment Adviser, SEC Filing
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