SCHEDULE: Xerox Holdings: DD Revocable Trust Becomes 9.11% Shareholder

The DD Revocable Trust has become the beneficial owner of 9.11% of Xerox Holdings Corp's common stock following the passing of Darwin Deason.

Summary

• Darwin Deason, a significant shareholder of Xerox Holdings Corp, passed away on December 2, 2025.
• His beneficial ownership of 15,283,657 shares was transferred to the DD Revocable Trust.
• The Trust is now the beneficial owner of approximately 9.11% of Xerox Holdings Corp's outstanding common stock.
• The holdings include 6,741,572 shares issuable upon the conversion of 180,000 shares of Series A Preferred Stock.
• Douglas R. Deason, Scott Letier, and Bryan C. Birkland have been appointed as Co-Executors of the Trust, acquiring shared voting and dispositive power over the shares.
• The Trust holds these shares for investment purposes and for the administration and eventual distribution of assets in accordance with Darwin Deason's will.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event for Xerox Holdings Corp's operational performance, as it primarily reflects a change in the beneficial ownership structure of a significant shareholder due to an estate transfer.

Positives

• The transfer of shares to the DD Revocable Trust ensures continuity of ownership and management of a significant stake in Xerox Holdings Corp.
• The Trust's stated purpose of holding shares for investment suggests a long-term perspective on the company's value.

Negatives

• The potential for the Trust to dispose of 'some or all' of its shares in the future could introduce selling pressure on the stock.

Risks

• The DD Revocable Trust may acquire additional shares or dispose of some or all of its 15,283,657 shares in the open market, privately negotiated transactions, or through distribution to beneficiaries, which could impact market liquidity and share price.

Future Outlook

The Executors of the DD Revocable Trust will continuously evaluate Xerox Holdings Corp's business, financial condition, and the market for its shares. Depending on market conditions and other factors, the Trust may acquire additional shares or dispose of some or all of its current holdings in the open market, privately negotiated transactions, or through distribution to beneficiaries.

Industry Context

StockSavvy.ai notes that this filing primarily concerns a change in beneficial ownership due to an estate transfer, rather than operational or strategic developments within Xerox Holdings Corp or the broader industry. While the change in a significant shareholder's status is notable, it does not directly reflect on industry trends or competitive dynamics at this time.

Stakeholder Impact

• Shareholders: The potential for the DD Revocable Trust to acquire or dispose of a significant block of shares could influence market liquidity and share price.
• Company Management: The new fiduciaries of a major shareholder will likely continue to monitor company performance and strategy.

Next Steps

• The Executors will continuously evaluate Xerox Holdings Corp's business, financial condition, and the market for its shares.
• The DD Revocable Trust may acquire additional shares of Xerox Holdings Corp.
• The DD Revocable Trust may dispose of some or all of its shares in the open market, privately negotiated transactions, or by distribution to beneficiaries.
• Administration and eventual distribution of the Trust's assets in accordance with Darwin Deason's Will.

Key Dates

Keywords

Xerox Holdings, Xerox, DD Revocable Trust, Darwin Deason, Schedule 13D, Beneficial Ownership, Shareholder, Corporate Governance, Estate Transfer, Series A Preferred Stock