Goldman Sachs' Threshold Crossing in Ubisoft

The Goldman Sachs Group, Inc. has announced a reduction in its stake in Ubisoft Entertainment. On November 3, 2026, Goldman Sachs fell below the 10% voting rights threshold, now holding 9.88% of the votes. This change resulted from an off-market sale of shares.

Goldman Sachs International holds 13,960,584 shares, representing 9.25% of the voting rights. In addition, 2,244,825 shares are secured by a securities lending agreement, with a recall option at any time. Swaps and call warrants complete the portfolio, involving 3,244,105 and 388,876 shares, respectively. These instruments are exercisable between 2026 and 2036.