DD Revocable Trust Reports 11.29% Stake in Xerox Following Darwin Deason Estate Transfer

On April 8, 2026, the DD Revocable Trust filed a Schedule 13D reporting a new 11.29% stake in Xerox Holdings Corporation (XRX). This filing follows the passing of Darwin Deason on December 2, 2025, after which his holdings were transferred to the Trust pursuant to his Last Will and Testament. The Trust, managed by executors Douglas R. Deason, Scott Letier, and Bryan C. Birkland, became the successor in interest to the shares previously owned by the decedent. The reported ownership of 15,283,672 shares includes 8,542,096 shares of common stock and 6,741,576 shares issuable upon the conversion of 180,000 shares of Series A Preferred Stock. Additionally, the Trust received 7,641,828 warrants in a February 2026 distribution, which are currently underwater. The Trust intends to hold the shares for investment purposes and the administration of the estate. The executors may evaluate future transactions, including potential additional acquisitions or dispositions, based on market conditions and the issuer's financial performance.