SCHEDULE: Apax-Related Entities Divest Verint Stake Below 5%

Valor Buyer LP and affiliated entities have ceased to beneficially own 5% or more of Verint Systems Inc. common stock following a disposition related to a merger.

Summary

• Valor Buyer LP and its related entities, including Valor Buyer GP LLC, Valor Topco Limited, Apax X GP Co. Limited, Apax X GP S.a r.l., and Apax Guernsey (Holdco) PCC Limited Apax X Cell, are the reporting persons.
• The reporting persons previously held a significant stake in Verint Systems Inc. (CUSIP: 92343X100).
• Following the consummation of a merger, the reporting persons disposed of all previously reported Issuer securities.
• As a result of this disposition, the reporting persons no longer beneficially own 5% or more of Verint Systems Inc.'s Common Stock.
• The aggregate amount beneficially owned by each reporting person is now 0.00 shares, representing 0% of the class.
• This filing, Amendment No. 4, amends and supplements the original Schedule 13D filed on May 18, 2020, and subsequent amendments.
• The event requiring this filing occurred on November 26, 2025.

Sentiment

Score: 5

Explanation: The filing is neutral, reporting a factual change in beneficial ownership without indicating positive or negative performance for the issuer.

Future Outlook

The reporting persons have no further beneficial ownership reporting obligations for Verint Systems Inc. as they no longer beneficially own 5% or more of the common stock.

Industry Context

This filing represents a routine disclosure of a change in beneficial ownership by a private equity group, Apax Partners, in a publicly traded software company, Verint Systems Inc. Such divestitures are common as investment horizons mature or strategic objectives shift, often following a significant corporate event like a merger.

Stakeholder Impact

• Shareholders of Verint Systems Inc. will note a change in the composition of significant shareholders, with Apax-related entities no longer holding a reportable stake.
• The disposition of shares by a large institutional investor could lead to minor shifts in trading dynamics, but the filing itself does not suggest a direct operational impact on employees, customers, suppliers, or creditors of Verint Systems Inc.

Next Steps

• The reporting persons have no further beneficial ownership reporting obligations for Verint Systems Inc.

Key Dates

Keywords

Verint Systems Inc., Schedule 13D, beneficial ownership, Apax Partners, Valor Buyer LP, disposition, merger, common stock