SCHEDULE: EVR Research LP Discloses 4.1% Stake in PROS Holdings

EVR Research LP and EVR Master Fund, LP have disclosed a 4.1% beneficial ownership stake in PROS Holdings, Inc., totaling 2 million shares.

Summary

• EVR Research LP, a Delaware limited partnership, and EVR Master Fund, LP, a Cayman Islands exempted limited partnership, have filed an Amendment No. 1 to Schedule 13G.
• The filing reports beneficial ownership of 2,000,000 shares of Common Stock, par value $0.001 per share, in PROS Holdings, Inc.
• This aggregate amount represents 4.1% of the class of securities outstanding.
• The percentage is calculated based on 48,253,392 shares of Common Stock outstanding as of September 19, 2025, as reported in the Company's Form 8-K filed on September 22, 2025.
• Both reporting persons hold shared voting power and shared dispositive power over all 2,000,000 shares.
• Benjamin Wolf Joffe is the managing member of the general partner of EVR Research LP and exercises investment discretion over the securities held by EVR Master Fund, LP.
• The securities were not acquired and are not held for the purpose of changing or influencing control of PROS Holdings, Inc.

Sentiment

Score: 6

Explanation: The disclosure of a significant passive ownership stake by institutional investors can be viewed as a moderately positive signal of confidence in the company's value, although it does not imply active engagement or strategic changes.

Positives

• The disclosure of a significant 4.1% passive ownership stake by institutional investors (EVR Research LP and EVR Master Fund, LP) can be interpreted as a vote of confidence in PROS Holdings, Inc.

Future Outlook

NA

Management Comments

• Derek J. Webb, Chief Compliance Officer for EVR Research LP and EVR Master Fund, LP, certified that, to the best of his knowledge and belief, the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer, and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.

Industry Context

NA

Stakeholder Impact

• Shareholders may view the significant stake taken by institutional investors as a positive indicator of confidence in the company's future prospects and valuation.

Key Dates

Recommendation

The filing indicates a significant passive ownership stake by institutional investors, which can be interpreted as a vote of confidence. However, without additional financial or operational data, a definitive 'buy' or 'sell' recommendation is not warranted. Investors should 'hold' and monitor for further developments.

Keywords

PROS Holdings, EVR Research LP, EVR Master Fund LP, Beneficial Ownership, Schedule 13G, Common Stock, Institutional Investor, Passive Investment