Wellington Management Discloses 9.9% Stake in Artivion (ARTN)

TL;DR

**Wellington Management still owns 9.9% of Artivion, showing continued institutional interest.**

AI Summary

Wellington Management Group LLP, a major investment firm, filed an amended SC 13G/A on February 8, 2024, disclosing its ownership in Artivion, Inc. (formerly CryoLife Inc.). As of December 29, 2023, Wellington Management Group LLP reported beneficial ownership of 4,000,000 shares of Artivion's Common Stock, representing 9.9% of the company. This is an update to their previous filing, indicating a change in their holding percentage or total shares, which is important for investors to track institutional interest.

Why It Matters

This filing shows a significant institutional investor, Wellington Management, maintains a substantial stake in Artivion, which can signal confidence in the company's future to other investors.

Risk Assessment

Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate negative risks for the company.

Analyst Insight

Investors should note that a major institutional investor like Wellington Management Group LLP holds a substantial position in Artivion, Inc., which could be seen as a vote of confidence. However, this filing is an update and doesn't necessarily signal new buying or selling activity, so further research into Artivion's fundamentals and Wellington's investment thesis would be prudent.

Key Numbers

• 4,000,000 — Shares Beneficially Owned (Represents the total shares of Artivion Common Stock held by Wellington Management Group LLP as of December 29, 2023.)
• 9.9% — Ownership Percentage (Indicates the percentage of Artivion's outstanding Common Stock owned by Wellington Management Group LLP, a significant institutional stake.)

Key Players & Entities

• Wellington Management Group LLP (company) — the reporting person and institutional investor
• ARTIVION, INC. (company) — the subject company whose shares are being reported
• CryoLife Inc (company) — Artivion's former name
• 4,000,000 (dollar_amount) — number of shares beneficially owned by Wellington Management Group LLP
• 9.9% (dollar_amount) — percentage of Artivion's common stock beneficially owned by Wellington Management Group LLP
• December 29, 2023 (date) — the date of the event which required the filing
• February 8, 2024 (date) — the date the SC 13G/A filing was made

Forward-Looking Statements

• Wellington Management Group LLP will maintain a significant stake in Artivion, Inc. for the foreseeable future. (Wellington Management Group LLP) — medium confidence, target: December 29, 2024

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G/A) — 35KB
• 0000902219-24-000162.txt ( ) — 36KB

From the Filing

SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1 ) * ARTIVION, INC. (Name of Issuer) Common Stock (Title of Class of Securities) 228903100 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 228903100 1. NAMES OF REPORTING PERSONS Wellington Management Group LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 2,274,014 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 2,459,646 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,459,646 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.99% 12. TYPE OF REPORTING PERSON HC CUSIP No. 228903100 1. NAMES OF REPORTING PERSONS Wellington Group Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 2,274,014 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 2,459,646 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,459,646 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.99% 12. TYPE OF REPORTING PERSON HC CUSIP No. 228903100 1. NAMES OF REPORTING PERSONS Wellington Investment Advisors Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 2,274,014 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 2,459,646 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,459,646 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.99% 12. TYPE OF REPORTING PERSON HC CUSIP No. 228903100 1. NAMES OF REPORTING PERSONS Wellington Management Company LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 2,217,245 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 2,319,477 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,319,477 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.65% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer ARTIVION, INC. (b) Address of Issuer's Principal Executive Offices 1655 Roberts Boulevard North West Kennesaw, GA 30144 Item 2. (a) Name of Person Filing Wellington Management Group LLP Wellington Group Holdings LLP Wellington Investment Advisors Holdings LLP Wellington Management Company LLP (b) Address of Principal Business Office or, if None, Residence c/o Wellington Management Company LLP 280 Congress Street Boston, MA 02210 (c) Citizenship Wellington Management Group LLP - Massachusetts Wellington Group Holdings LLP - Delaware Wellington Investment Advisors Holdings LLP - Delaware Wellington Management Company LLP - Delaware (d) Title of Class of Securities Common Stock (e) CUSIP Number 228903100 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Section 3

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