SCHEDULE: ARK Investment Boosts PagerDuty Stake to 10.87%

ARK Investment Management LLC and Catherine D. Wood have disclosed a beneficial ownership of 10.87% in PagerDuty, Inc. common stock.

Summary

• ARK Investment Management LLC and Catherine D. Wood jointly reported beneficial ownership of 10,016,520 shares of PagerDuty, Inc. common stock.
• This aggregate amount represents 10.87% of PagerDuty, Inc.'s outstanding common stock.
• The filing is an Amendment No. 9 to a Schedule 13G, indicating a change from previous filings.
• The event requiring this filing occurred on July 31, 2025.
• ARK Investment Management LLC holds sole voting power over 9,402,167 shares and sole dispositive power over 10,016,520 shares.
• Catherine D. Wood holds shared voting power over 9,606,268 shares and shared dispositive power over 10,016,520 shares.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the company's performance or prospects. It simply reports a significant stake held by a notable investment firm.

Positives

• ARK Investment Management LLC and Catherine D. Wood, prominent investment entities, maintaining a significant stake in PagerDuty, Inc. may signal confidence in the company's long-term prospects.

Negatives

• The filing itself does not contain negative financial or operational information, as it is a disclosure of beneficial ownership.

Risks

• The filing does not detail specific risks related to PagerDuty, Inc.'s operations or financial health, as it is a beneficial ownership report.

Future Outlook

The filing is a beneficial ownership report and does not contain forward-looking statements or guidance regarding PagerDuty, Inc.'s future performance or outlook.

Management Comments

• Kellen Carter, Chief Compliance Officer for ARK Investment Management LLC, certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
• Catherine D. Wood, Chief Executive Officer and Chief Investment Officer, certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Industry Context

This filing indicates a significant stake held by a prominent investment firm in a company operating in the IT operations management and incident response software industry. While not directly commenting on industry trends, the continued investment by ARK suggests a belief in the growth potential of companies providing critical infrastructure and operational resilience solutions.

Stakeholder Impact

• Shareholders: Disclosure of a significant institutional stake can influence investor perception and potentially stock price, signaling confidence from a major investment firm.
• Company Management: Awareness of a large, active shareholder like ARK Investment Management may influence strategic decisions, though the filing states the stake is not for control purposes.

Key Dates

Keywords

PagerDuty, ARK Investment Management, Catherine D. Wood, PD, Common Stock, Beneficial Ownership, Investment, Software, Cloud, IT Operations