SCHEDULE: FIL Limited Reports Zero Stake in Sapiens International

FIL Limited and its affiliates, including Pandanus Partners, L.P. and Pandanus Associates, Inc., filed an amended Schedule 13G reporting zero beneficial ownership in SAPIENS INTERNATIONAL CORP N.V. as of December 31, 2025.

Summary

• FIL Limited, Pandanus Partners, L.P., and Pandanus Associates, Inc. filed an Amendment No. 1 to Schedule 13G regarding SAPIENS INTERNATIONAL CORP N.V. Common Stock.
• The reporting persons collectively beneficially own 0.00 shares of SAPIENS INTERNATIONAL CORP N.V., representing 0.0% of the class.
• 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.
• The filing is a joint filing under Rule 13d-1(k)(1) agreement.
• Pandanus Partners, L.P. owns between 25% and 48.5% of FIL Limited's total voting stock.
• Pandanus Associates, Inc. acts as the general partner of Pandanus Partners, L.P.
• Pandanus is owned by trusts for the benefit of members of the Johnson family, including FIL's Chairman Abigail P. Johnson, who disclaims beneficial ownership of the reported securities.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral disclosure. A 0% beneficial ownership filing, especially an amendment, typically indicates a divestment from a previously reportable stake or a clarification of non-ownership, which is not inherently positive or negative for the issuer without prior context.

Positives

• None directly stated in this filing, as it reports a 0% beneficial ownership stake.

Negatives

• None directly stated in this filing, as it reports a 0% beneficial ownership stake.

Risks

• No risks related to SAPIENS INTERNATIONAL CORP N.V. are mentioned in this beneficial ownership disclosure.

Future Outlook

The filing states that 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, indicating a passive investment stance (or lack thereof). No forward-looking statements regarding the issuer's business or financial performance are provided.

Management Comments

• "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 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 §§ 240.14a-11."
• "Pandanus is owned by trusts for the benefit of members of the Johnson family, including FIL's Chairman Abigail P. Johnson, but disclaims that any such member is a beneficial owner of the securities reported on this Schedule 13G."

Industry Context

StockSavvy.ai notes that Schedule 13G filings are routine disclosures for institutional investors holding less than 20% of a company's stock, primarily indicating passive investment intent. A filing reporting 0% ownership, especially an amendment, typically signifies a complete divestment from a previously reportable stake or a clarification of non-ownership, which is generally a neutral event unless prior significant ownership was known.

Comparison to Industry Standards

• This filing is a standard regulatory disclosure of beneficial ownership. There are no financial results or operational metrics to compare against industry standards or specific companies. The 0% ownership is a factual statement regarding the reporting entities' position, not a performance metric for SAPIENS INTERNATIONAL CORP N.V.

Related Party Transactions

• Pandanus Partners, L.P. is owned by trusts for the benefit of members of the Johnson family, including FIL Limited's Chairman Abigail P. Johnson. However, beneficial ownership of the reported securities (0%) is disclaimed by any such member.

Stakeholder Impact

• This filing primarily impacts shareholders by providing transparency on institutional ownership. A 0% stake from a previously significant holder (if applicable, which is not stated here) could lead to questions about institutional confidence, but as a standalone 0% filing, the direct impact on stakeholders is minimal.

Next Steps

• No future actions, events, or milestones for SAPIENS INTERNATIONAL CORP N.V. are mentioned in this beneficial ownership filing.

Key Dates

Keywords

Sapiens International Corp N.V., Schedule 13G, beneficial ownership, FIL Limited, Pandanus Partners L.P., Pandanus Associates Inc., common stock, SEC filing, institutional ownership