ARK Investment Management Discloses 11.4M PagerDuty Shares

TL;DR

**ARK owns 11.4M shares of PagerDuty, signaling continued institutional interest.**

AI Summary

ARK Investment Management LLC, led by Cathie Wood, has updated its holdings in PagerDuty, Inc. (PD) as of December 31, 2023. The firm now beneficially owns a total of 11,413,423 shares of PagerDuty's common stock, representing a significant stake. This filing, an amendment to a previous SC 13G, indicates a change in their position, which could signal ARK's continued conviction or a rebalancing of their portfolio. For investors, this matters because ARK's movements are closely watched, and a large holding suggests their belief in PagerDuty's future growth, potentially influencing other investors' decisions.

Why It Matters

This filing shows a major institutional investor's current stake in PagerDuty, which can influence market perception and investor confidence in the stock.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of ownership by an institutional investor and does not inherently introduce new risks to the company.

Analyst Insight

Investors should note ARK's continued substantial holding in PagerDuty, but also recognize this is a routine disclosure and not necessarily an immediate buy signal. Further research into ARK's investment thesis for PagerDuty and the company's fundamentals is warranted.

Key Numbers

• 11,413,423 — Aggregate Shares Beneficially Owned (This is the total number of PagerDuty shares ARK Investment Management LLC holds, indicating their significant stake.)
• 10,688,341 — Sole Voting Power Shares (This shows the number of shares ARK can vote on its own, reflecting direct control over a large portion of its holdings.)
• 362,276 — Shared Voting Power Shares (This indicates shares where ARK shares voting rights, potentially with other entities.)
• 11,413,423 — Sole Dispositive Power Shares (This is the number of shares ARK can sell or dispose of independently, showing their direct control over these assets.)
• December 31, 2023 — Date of Event (This is the snapshot date for the reported shareholdings, providing a clear reference point for the disclosed information.)

Key Players & Entities

• ARK Investment Management LLC (company) — the reporting person disclosing its ownership
• PagerDuty, Inc. (company) — the subject company whose shares are being reported
• 11,413,423 (dollar_amount) — the aggregate amount of shares beneficially owned by ARK Investment Management LLC
• December 31, 2023 (date) — the date of the event requiring this filing
• Delaware, United States (company) — place of organization for ARK Investment Management LLC

Forward-Looking Statements

• ARK Investment Management LLC will maintain a significant stake in PagerDuty, Inc. throughout 2024. (ARK Investment Management LLC) — medium confidence, target: December 31, 2024

FAQ

Filing Documents

• tm244117d20_sc13ga.htm (SC 13G/A) — 42KB
• 0001104659-24-007691.txt ( ) — 43KB

(a) Name of issuer

Item 1(a) Name of issuer: PagerDuty, Inc.

(b) Address of issuer's principal executive offices

Item 1(b) Address of issuer's principal executive offices: 600 Townsend Street #200 San Francisco, CA 94103

(a) Name of person filing

Item 2(a) Name of person filing: ARK Investment Management LLC

(b) Address or principal business office or, if none,

Item 2(b) Address or principal business office or, if none, residence: ARK Investment Management LLC 200 Central Avenue St. Petersburg, FL 33701

(c) Citizenship

Item 2(c) Citizenship: Delaware, United States

(d) Title of class of securities

Item 2(d) Title of class of securities: Common stock

(e) CUSIP No

Item 2(e) CUSIP No.: 69553P100

If this statement is filed pursuant to §§ 240.13d-1(b) or

Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-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(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); (e) An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J); (k) Group, in accordance with § 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____ CUSIP No. 69553P100 13G Page 4 of 5 Pages

Ownership

Item 4. Ownership (a)Amount beneficially owned: 11,413,423 (b)Percent of class: 12.42% (c)Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 10,688,341 (ii) Shared power to vote or to direct the vote: 362,276 (iii) Sole power to dispose or to direct the disposition of: 11,413,423 (iv) Shared power to dispose or to direct the disposition of: 0

Ownership of 5 Percent or Less of a Class

Item 5. Ownership of 5 Percent or Less of a Class. Not applicable.

Ownership of More than 5 Percent on Behalf of Another Person

Item 6. Ownership of More than 5 Percent on Behalf of Another Person. To the knowledge of the Reporting Person, no other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, a number of the shares which represents more than five percent of the number of outstanding class of the shares. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. Not applicable.

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group. Not applicable.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group. Not applicable. CUSIP No. 69553P100 13G Page 5 of 5 Pages

Certifications

Item 10. Certifications. 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, other than activities solely in connection with a nomination under § 240.14a-11. SIGNATURE 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. The reporting persons agree that this statement is filed on behalf of each of them. Dated: January 29, 2024 ARK Investment Management LLC By: /s/ Kellen Carter Name: Kellen Carter Title: Chief Compliance Officer