Neuberger Berman Amends EXPO Stake, Files 15th 13G/A

TL;DR

**Neuberger Berman just updated their EXPO holdings, keep an eye on institutional sentiment.**

AI Summary

Neuberger Berman Group LLC, a Delaware-based investment firm, filed an amended SC 13G/A on February 12, 2024, indicating their beneficial ownership of EXPONENT INC (EXPO) common stock as of December 31, 2023. This amendment, their 15th, updates their holdings in the management consulting services company. This matters to investors because it shows a significant institutional investor's continued, albeit potentially adjusted, stake in EXPO, which can influence market perception and liquidity.

Why It Matters

This filing shows that a major institutional investor, Neuberger Berman, continues to hold a significant position in Exponent Inc., signaling their ongoing interest and confidence (or lack thereof, depending on the change in ownership) in the company's prospects.

Risk Assessment

Risk Level: low — This is a routine amendment filing by an institutional investor and does not inherently signal significant risk or opportunity.

Analyst Insight

Investors should review the full SC 13G/A filing to determine the exact change in Neuberger Berman's beneficial ownership percentage and share count, as this amendment (No. 15) implies a change from their previous filing. This information can provide insight into institutional sentiment towards Exponent Inc.

Key Players & Entities

• Neuberger Berman Group LLC (company) — the reporting person and institutional investor
• EXPONENT INC (company) — the subject company whose securities are being reported
• Delaware (company) — state of incorporation for Neuberger Berman Group LLC
• December 31, 2023 (date) — date of the event requiring the filing
• February 12, 2024 (date) — date the SC 13G/A was filed

FAQ

Filing Documents

• formsc13ga-02122024_080255.htm (SC 13G/A) — 52KB
• 0001415889-24-003341.txt ( ) — 54KB

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ]

Ownership of More than Five Percent on Behalf of Another Person

Item 6. Ownership of More than Five Percent on Behalf of Another Person. Neuberger Berman Group LLC and its affiliates may be deemed to be beneficial owners of securities for purposes of Exchange Act Rule 13d-3 because they or certain affiliated persons have shared power to retain, dispose of or vote the securities of unrelated clients. Neuberger Berman Group LLC or its affiliated persons do not, however, have any economic interest in the securities of those clients. The clients have the sole right to receive and the power to direct the receipt of dividends from or proceeds from the sale of such securities. Other than named in this filing, no one client has an interest of more than 5% of the issuer. With regard to the shares set forth under item 4(c)(ii), Neuberger Berman Group LLC may be deemed to be the beneficial owner for purposes of Rule 13d-3 because certain affiliated persons have shared power to retain, dispose of and vote the securities. In addition to the holdings of individual advisory clients, Neuberger Berman Investment Advisers LLC serves as investment manager of Neuberger Berman Group LLC's various registered mutual funds which hold such shares. The holdings belonging to clients of Neuberger Berman Trust Co N.A., Neuberger Berman Trust Co of Delaware N.A., Neuberger Berman Asia Ltd., Neuberger Berman Canada ULC and Neuberger Berman Investment Advisers LLC are also aggregated to comprise the holdings referenced herein. In addition to the shares set forth under Item 4(c)(ii) for which Neuberger entities also have shared power to dispose of the shares, item 4(c)(iv) also includes shares from individual client accounts over which Neuberger Berman Investment Advisers LLC has shared power to dispose but does not have voting power over these shares. The holdings of Neuberger Berman Trust Co N.A., Neuberger Berman Trust Co of Delaware N.A., Neuberger Berman Asia Ltd., Neuberger Berman Canada ULC and Neuberger Berman Investment Advisers LLC, are also aggre

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group. N/A

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group. N/A

Certification

Item 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 12, 2024 Neuberger Berman Group LLC By: /s/ Brad Cetron Name: Brad Cetron Title: Managing Director Date: February 12, 2024 Neuberger Berman Investment Advisers LLC By: /s/ Brad Cetron Name: Brad Cetron Title: Managing Director

View Full Filing

View this SC 13G/A filing on SEC EDGAR