SCHEDULE: ARK Investment, Wood Disclose PagerDuty Stake

ARK Investment Management LLC and Catherine D. Wood filed an Amendment No. 11 on Schedule 13G, disclosing a 0.24% passive ownership stake in PagerDuty, Inc.

Summary

• ARK Investment Management LLC and Catherine D. Wood jointly filed an Amendment No. 11 to Schedule 13G regarding their ownership of PagerDuty, Inc. common stock.
• The filing indicates a beneficial ownership of 218,282 shares, representing 0.24% of the class.
• The event requiring this filing occurred on February 28, 2026.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of PagerDuty, Inc.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. It is a routine disclosure of a small, passive ownership stake by a notable investment firm, providing transparency but not signaling a significant change in investment thesis or company prospects.

Positives

• A prominent investment firm, ARK Investment Management LLC, and its CEO, Catherine D. Wood, maintain a position in PagerDuty, Inc., indicating continued interest in the company.

Future Outlook

NA

Management Comments

• We certify that, to the best of our knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

StockSavvy.ai notes that institutional ownership disclosures like this Schedule 13G provide transparency into significant holdings by investment firms. While ARK Investment Management is known for its focus on disruptive innovation, this particular filing represents a relatively small, passive stake in PagerDuty, Inc., a leader in digital operations management. It suggests continued, albeit minor, institutional interest in the software sector.

Comparison to Industry Standards

• StockSavvy.ai observes that a 0.24% stake is a minor position for a large institutional investor like ARK, typically not indicative of a high-conviction bet or an activist position.
• For comparison, major institutional investors often hold stakes ranging from 1% to over 10% in companies they actively manage or influence.
• For instance, Vanguard and BlackRock frequently hold passive stakes exceeding 5% in numerous S&P 500 companies, whereas activist investors like Elliott Management or Starboard Value typically acquire stakes of 5% or more to exert influence.
• This filing falls into the category of routine disclosure for a small, passive investment.

Stakeholder Impact

• Shareholders: Provides transparency regarding a small institutional holding by ARK Investment Management LLC and Catherine D. Wood.
• Company Management: Awareness of institutional ownership, though the stake is too small to exert significant influence.

Key Dates

Keywords

PagerDuty, ARK Investment Management, Catherine D. Wood, Schedule 13G, beneficial ownership, common stock, investment, institutional ownership, SEC filing