X0202 SCHEDULE 13D/A 0001511001 XXXXXXXX LIVE 1 Shares representing beneficial interests in Compass Diversified Holdings 03/26/2026 false 0001345126 20451Q104 COMPASS DIVERSIFIED HOLDINGS

301 Riverside Avenue Second Floor Westport CT 06880

C. Robert Bruner (214) 651-5231 2801 N. Harwood Street Suite 2300 Dallas TX 75201 0001511001 N ADW Capital Partners, L.P. b WC N DE 0 7500000 0 7500000 7500000 N 9.9 PN The figures in Items 8, 10 and 11 include 3,750,000 Shares representing beneficial interests in Compass Diversified Holdings ("Shares") that may be acquired by the Reporting Persons within 60 days upon the exercise of call options to purchase Shares. The percentage in Item 13 is based upon 75,235,966 Shares outstanding as of February 24, 2026, according to the Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed by Compass Diversified Holdings (the "Issuer") with the U.S. Securities and Exchange Commission (the "SEC") on February 27, 2026. 0001745214 N ADW Capital Management, LLC b AF N DE 0 7500000 0 7500000 7500000 N 9.9 HC IA The figures in Items 8, 10 and 11 include 3,750,000 Shares that may be acquired by the Reporting Persons within 60 days upon the exercise of call options to purchase Shares. The percentage in Item 13 is based upon 75,235,966 Shares outstanding as of February 24, 2026, according to the Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed by the Issuer with the SEC on February 27, 2026. 0001745215 N Adam D. Wyden b AF N X1 0 7500000 0 7500000 7500000 N 9.9 IN The figures in Items 8, 10 and 11 include 3,750,000 Shares that may be acquired by the Reporting Persons within 60 days upon the exercise of call options to purchase Shares. The percentage in Item 13 is based upon 75,235,966 Shares outstanding as of February 24, 2026, according to the Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed by the Issuer with the SEC on February 27, 2026. Shares representing beneficial interests in Compass Diversified Holdings COMPASS DIVERSIFIED HOLDINGS 301 Riverside Avenue Second Floor Westport CT 06880 Item 3 is hereby amended and supplemented as follows: "On March 26, 2026, the Reporting Persons expended an approximately $4,322,500 to purchase call options referencing an aggregate of 1,750,000 Shares in an open market transaction. The funds used for the purchase of the securities reported in this Schedule 13D were derived from the general working capital of ADW Capital Partners, L.P." Item 5 is hereby amended and restated in its entirety as follows: "The aggregate number and percentage of the class of securities identified pursuant to Item 1 beneficially owned by each Reporting Person is stated in Items 11 and 13 on the cover pages hereto. Number of shares as to which each Reporting Person has (i) sole power to vote or direct the vote: See Item 7 on the cover pages hereto. (ii) shared power to vote or direct the vote See Item 8 on the cover pages hereto. (iii) sole power to dispose or to direct the disposition of: See Item 9 on the cover pages hereto. (iv) shared power to dispose or to direct the disposition of: See Item 10 on the cover pages hereto. The information set forth in Item 6 of this Schedule 13D is incorporated by reference. Other than as reported in Item 6 of this Schedule 13D, none of the Reporting Persons have effected any transactions in the Shares during the past 60 days or since the most recent filing of Schedule 13D, whichever is less. No other person is known to the Reporting Persons to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares covered by this Schedule 13D. Not applicable." Item 6 is hereby amended and supplemented as follows: "The information set forth in Item 3 of this Schedule 13D is incorporated herein by reference. On February 27, 2026, ADW Capital Partners, L.P. sold call options referencing an aggregate of 500 Shares for approximately $590. The call options have an exercise price of $15.00 per share and expire on January 15, 2027. On March 26, 2026, ADW Capital Partners, L.P. purchased call options referencing an aggregate of 1,750,000 Shares. The call options have an exercise price of $7.00 per share and expire on January 15, 2027. On March 26, 2026, ADW Capital Partners, L.P. sold call options referencing an aggregate of 1,750,000 Shares for approximately $1,718,963. The call options have an exercise price of $15.00 per share and expire on January 15, 2027." Item 7 is hereby amended and restated in its entirety as follows: "Exhibit 99.1 Joint Filing Agreement (incorporated herein by reference to Exhibit 99.1 to the Schedule 13D filed by the Reporting Persons with the SEC on February 25, 2026). Exhibit 99.2 Annex A - Recent Transactions by the Reporting Persons (incorporated herein by reference to Exhibit 99.2 to the Schedule 13D filed by the Reporting Persons with the SEC on February 25, 2026). Exhibit 99.3 Letter to the Board of Directors of Compass Diversified Holdings, dated February 24, 2026 (incorporated herein by reference to Exhibit 99.3 to the Schedule 13D filed by the Reporting Persons with the SEC on February 25, 2026)" ADW Capital Partners, L.P. /s/ Adam D. Wyden 03/30/2026 ADW Capital Management, LLC /s/ Adam D. Wyden 03/30/2026 Adam D. Wyden /s/ Adam D. Wyden 03/30/2026