SCHEDULE: TaskUs Co-Founder Jaspar Weir Boosts Stake to 29.4%

Jaspar Weir, co-founder of TaskUs, Inc., has increased his beneficial ownership in the company's Class A Common Stock to 29.4%, representing over 13 million shares.

Summary

• Jaspar Weir, a co-founder of TaskUs, Inc., beneficially owns 13,057,921 shares of the company's Class A Common Stock.
• This ownership represents 29.4% of the total Class A Common Stock outstanding.
• The beneficial ownership includes 998,208 Class A shares held directly, 2,452,663 Class A shares held by family trusts, 8,998,444 Class B shares held by family trusts (convertible to Class A on a one-for-one basis), and 608,606 Class A shares underlying options and RSUs exercisable within 60 days.
• The calculation of the percentage is based on 34,843,287 shares of Class A Common Stock outstanding as of August 1, 2025.
• Jaspar Weir is part of a 'group' with Bryce Maddock, certain affiliates of Blackstone Inc., and related trusts, due to a Stockholders Agreement that coordinates voting and transfer of securities.

Sentiment

Score: 7

Explanation: The high level of beneficial ownership by a co-founder, representing a significant stake in the company, generally signals strong insider confidence and commitment, which can be viewed positively by investors.

Positives

• The significant beneficial ownership of 29.4% by co-founder Jaspar Weir signals strong insider confidence in the company's future prospects.
• A substantial portion of the ownership is held through family trusts and convertible Class B shares, indicating a long-term commitment to the company.

Risks

• The existence of a 'group' with other significant stockholders (Bryce Maddock, Blackstone affiliates) through a Stockholders Agreement could concentrate voting power and influence corporate decisions, potentially limiting the influence of other shareholders.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing is a standard disclosure of significant beneficial ownership by a company insider, common across all publicly traded industries. It reflects an individual's stake rather than broader industry trends.

Corporate Governance

Related Party Transactions

• Beneficial ownership includes shares held of record by various family trusts over which Jaspar Weir claims beneficial ownership.
• Jaspar Weir is part of a 'group' with Bryce Maddock, certain affiliates of Blackstone Inc., and trusts for which he and Mr. Maddock serve as co-trustee or trustee, due to a Stockholders Agreement. This arrangement implies coordinated action among significant related parties.

Stakeholder Impact

• Shareholders may view the co-founder's substantial and continued beneficial ownership as a positive indicator of management's belief in the company's long-term value.
• The existence of a Stockholders Agreement among a 'group' of significant shareholders could influence corporate control and decision-making, potentially affecting the voting power and interests of other shareholders.

Key Dates

Recommendation

The significant beneficial ownership by a co-founder, representing nearly 30% of the company, indicates strong insider confidence. While this filing alone doesn't provide operational or financial performance data for a 'buy' or 'sell' recommendation, the high insider stake is a positive signal that supports holding the stock, suggesting management's alignment with long-term shareholder value.

Keywords

TaskUs, Jaspar Weir, beneficial ownership, Schedule 13G, insider ownership, Class A Common Stock, corporate governance, stockholders agreement