Form 4: Paulson & Co. Boosts Thryv Holdings Stake

Paulson & Co. Inc., a 10% owner and director, significantly increased its indirect beneficial ownership in Thryv Holdings, Inc. common stock through multiple purchases in late February and early March 2026.

Summary

• Paulson & Co. Inc., an investment manager and 10% owner of Thryv Holdings, Inc. (THRY), acquired additional common stock through its managed funds and accounts.
• On February 27, 2026, 857,066 shares were acquired at $2.29 per share, bringing the total indirect beneficial ownership to 6,863,136 shares.
• On March 2, 2026, an additional 987,078 shares were acquired at $2.49 per share, increasing the total to 7,850,214 shares.
• On March 3, 2026, 593,621 shares were acquired at $2.83 per share, resulting in a total indirect beneficial ownership of 8,443,835 shares.
• These transactions were made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 8

Explanation: StockSavvy.ai views this as a strong positive signal, as a major institutional investor and 10% owner is increasing its stake, indicating high confidence in the company's future.

Positives

• A significant 10% owner and director, Paulson & Co. Inc., has substantially increased its stake in Thryv Holdings, Inc., indicating strong confidence in the company's future prospects.
• The total beneficial ownership by Paulson & Co. Inc. has grown to 8,443,835 shares of common stock.
• The purchases were made under a Rule 10b5-1(c) plan, suggesting a pre-planned investment strategy.

Negatives

• The average purchase price for the shares increased over the three transaction dates, from $2.29 to $2.83, which could imply a higher cost basis for the recent acquisitions.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that significant insider buying, especially by a 10% owner and director like Paulson & Co. Inc., often signals strong internal confidence in a company's valuation and future performance. This type of activity can be a positive indicator for investors, suggesting that those with deep knowledge of the company believe the stock is undervalued or poised for growth, potentially influencing broader market sentiment for Thryv Holdings, Inc.

Comparison to Industry Standards

• StockSavvy.ai observes that institutional investors, particularly activist or large shareholders like Paulson & Co. Inc., frequently increase their stakes in companies where they hold board positions or significant influence. This behavior is consistent with a strategy to either support current management, exert greater control, or capitalize on perceived undervaluation.
• For example, similar moves have been seen with Carl Icahn's increased stake in Xerox or ValueAct Capital's investments in Microsoft, where significant shareholders deepen their commitment to drive strategic changes or benefit from long-term value creation.
• The increasing purchase price across the transactions suggests a continued belief in the stock's upside despite a rising cost basis, a common pattern among conviction investors.

Stakeholder Impact

• Shareholders: May view the increased insider ownership as a positive indicator of future stock performance and management confidence, potentially boosting investor sentiment.
• Management: Could feel validated by the significant investment from a major shareholder, potentially aligning interests further.

Key Dates

Recommendation

The substantial increase in beneficial ownership by Paulson & Co. Inc., a 10% owner and director, signals strong conviction from a sophisticated institutional investor. Such insider buying, particularly when executed under a 10b5-1 plan and across multiple transactions, suggests a belief in the company's intrinsic value and future growth potential. This action by a well-known investor like Paulson & Co. Inc. often precedes positive developments or a re-rating of the stock, making it a compelling "buy" signal for seasoned investors.

Keywords

Thryv Holdings, THRY, Paulson & Co. Inc., Insider Buying, Beneficial Ownership, SEC Form 4, Stock Acquisition, Investment Funds, 10b5-1 Plan