0000921895-24-000622.txt : 20240308 0000921895-24-000622.hdr.sgml : 20240308 20240308164607 ACCESSION NUMBER: 0000921895-24-000622 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240306 FILED AS OF DATE: 20240308 DATE AS OF CHANGE: 20240308 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Impactive Capital LLC CENTRAL INDEX KEY: 0001786731 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34835 FILM NUMBER: 24735154 BUSINESS ADDRESS: STREET 1: 152 WEST 57TH, 17TH FLOOR CITY: NEW YORK CITY STATE: NY ZIP: 10019 BUSINESS PHONE: (212) 218-8812 MAIL ADDRESS: STREET 1: 152 WEST 57TH, 17TH FLOOR CITY: NEW YORK CITY STATE: NY ZIP: 10019 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Wolfe Lauren Taylor CENTRAL INDEX KEY: 0001699118 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34835 FILM NUMBER: 24735156 MAIL ADDRESS: STREET 1: 3100 CUMBERLAND BOULEVARD STREET 2: SUITE 1700 CITY: ATLANTA STATE: GA ZIP: 30339 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Asmar Christian CENTRAL INDEX KEY: 0001787532 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34835 FILM NUMBER: 24735153 MAIL ADDRESS: STREET 1: 152 WEST 57TH STREET, 17TH FLOOR CITY: NEW YORK CITY STATE: NY ZIP: 10019 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Impactive Capital LP CENTRAL INDEX KEY: 0001786767 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34835 FILM NUMBER: 24735155 BUSINESS ADDRESS: STREET 1: 450 WEST 14 STREET STREET 2: 12TH FLOOR CITY: NEW YORK CITY STATE: NY ZIP: 10014 BUSINESS PHONE: (212) 218-8810 MAIL ADDRESS: STREET 1: 450 WEST 14 STREET STREET 2: 12TH FLOOR CITY: NEW YORK CITY STATE: NY ZIP: 10014 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: ENVESTNET, INC. CENTRAL INDEX KEY: 0001337619 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 201409613 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1000 CHESTERBROOK BOULEVARD STREET 2: SUITE 250 CITY: BERWYN STATE: PA ZIP: 19312 BUSINESS PHONE: 312-827-2800 MAIL ADDRESS: STREET 1: 1000 CHESTERBROOK BOULEVARD STREET 2: SUITE 250 CITY: BERWYN STATE: PA ZIP: 19312 FORMER COMPANY: FORMER CONFORMED NAME: ENVESTNET ASSET MANAGEMENT GROUP INC DATE OF NAME CHANGE: 20050831 4 1 form412236006_03082024.xml OWNERSHIP DOCUMENT X0508 4 2024-03-06 0 0001337619 ENVESTNET, INC. ENV 0001699118 Wolfe Lauren Taylor 450 WEST 14TH STREET, 12TH FLOOR NEW YORK CITY NY 10014 1 0 0 0 0001786767 Impactive Capital LP 450 WEST 14TH STREET, 12TH FLOOR NEW YORK CITY NY 10014 1 0 0 0 0001786731 Impactive Capital LLC 450 WEST 14TH STREET, 12TH FLOOR NEW YORK CITY NY 10014 1 0 0 0 0001787532 Asmar Christian 450 WEST 14TH STREET, 12TH FLOOR NEW YORK CITY NY 10014 1 0 0 0 0 Common Stock 2024-03-06 4 P 0 9401 51.19 A 4161968 I See Footnote Common Stock 2024-03-07 4 P 0 21761 52.62 A 4183729 I See Footnote This Form 4 is filed jointly by Impactive Capital LP ("Impactive Capital"), Impactive Capital LLC ("Impactive GP"), Christian Asmar and Lauren Taylor Wolfe (collectively, the "Reporting Persons"). Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of her, his or its pecuniary interest therein. The securities of Envestnet, Inc. (the "Issuer") reported herein are held directly by certain funds and/or accounts (the "Impactive Funds"). Pursuant to an Investment Management Agreement, the Impactive Funds have delegated all voting and investment power over the securities directly held by the Impactive Funds and their general partners to Impactive Capital, which serves as the investment manager of the Impactive Funds. Impactive GP, as the general partner of Impactive Capital, and each of Mr. Asmar and Ms. Taylor Wolfe, as Managing Members of Impactive GP, may be deemed to exercise voting and investment power over such securities. The Impactive Funds specifically disclaim beneficial ownership of such securities by virtue of their inability to vote or dispose of such securities as a result of such delegation to Impactive Capital. Because Ms. Taylor Wolfe serves on the board of directors (the "Board") as a representative of Impactive Capital and its affiliates, Impactive Capital is entitled to receive the direct economic interest in securities granted to Ms. Taylor Wolfe by the Issuer in respect of Ms. Taylor Wolfe's Board position. Ms. Taylor Wolfe disclaims beneficial ownership of the Issuer's securities to which this report relates and at no time has Ms. Taylor Wolfe had any economic interest in such securities except any indirect economic interest through Impactive Capital and its affiliates. Includes 1,534 shares underlying restricted stock units ("RSUs"), one quarter of which vested on the grant date of April 18, 2023, with an additional one quarter vesting thereafter on each anniversary of such grant date for 3 years. The RSUs convert into common stock on a one-for-one basis. Lauren Taylor Wolfe, Managing Member of Impactive Capital LLC, the general partner of Impactive Capital LP, is a director of the Issuer. For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the Reporting Persons are deemed directors by deputization by virtue of their representation on the Board of Directors of the Issuer. /s/ Lauren Taylor Wolfe 2024-03-08 IMPACTIVE CAPITAL LP, By: Impactive Capital LLC, its general partner, By: /s/ Lauren Taylor Wolfe, Managing Member 2024-03-08 IMPACTIVE CAPITAL LLC, By: /s/ Lauren Taylor Wolfe, Managing Member 2024-03-08 /s/ Christian Asmar 2024-03-08