# EDGAR Filing Document

**Accession Number:** 0001365341
**File Stem:** 0000902664-26-001613
**Filing Date:** 2026-3
**Character Count:** 8489
**Document Hash:** 68d720b6097264a533221477ebc160fa
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000902664-26-001613.hdr.sgml**: 20260316

**ACCESSION NUMBER**: 0000902664-26-001613

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260316

**DATE AS OF CHANGE**: 20260316

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SMITH & NEPHEW PLC
- **CENTRAL INDEX KEY:** 0000845982
- **STANDARD INDUSTRIAL CLASSIFICATION:** ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES [3842]
- **ORGANIZATION NAME:** 08 Industrial Applications and Services
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-89266
- **FILM NUMBER:** 26756007

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** BUILDING 5, CROXLEY PARK
- **STREET 2:** HATTERS LANE
- **CITY:** WATFORD, HERTFORDSHIRE
- **PROVINCE COUNTRY:** X0
- **ZIP:** WD18 8YE
- **BUSINESS PHONE:** 44 (0) 1923 477 100

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** BUILDING 5, CROXLEY PARK
- **STREET 2:** HATTERS LANE
- **CITY:** WATFORD, HERTFORDSHIRE
- **PROVINCE COUNTRY:** X0
- **ZIP:** WD18 8YE
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Cevian Capital II GP LTD
- **CENTRAL INDEX KEY:** 0001365341

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** Y9
- **FISCAL YEAR END:** 1231
- **LEGAL ENTITY IDENTIFIER:** N/A

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** C/O HIGHVERN FUND ADMINISTRATORS LIMITED
- **STREET 2:** WHITELEY CHAMBERS, DON STREET
- **CITY:** St. Helier
- **NON US STATE TERRITORY:** JERSEY
- **PROVINCE COUNTRY:** Y9
- **ZIP:** JE2 4TR
- **BUSINESS PHONE:** 44 (0)1534 828513

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** C/O HIGHVERN FUND ADMINISTRATORS LIMITED
- **STREET 2:** WHITELEY CHAMBERS, DON STREET
- **CITY:** St. Helier
- **NON US STATE TERRITORY:** JERSEY
- **PROVINCE COUNTRY:** Y9
- **ZIP:** JE2 4TR

## Ex-99

**SCHEDULE B**

This Schedule sets forth information with respect to each purchase and sale of Ordinary Shares which were effectuated by the Reporting Person for the benefit of the Cevian Funds within the past sixty (60) days. Unless otherwise noted, such transactions were effectuated in the open market through a broker.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**<u>Trade Date</u>** | &nbsp;&nbsp;**<u>Ordinary Shares Purchased (Sold)</u>** | &nbsp;&nbsp;**<u>Price ($)\*</u>** |
| &nbsp;&nbsp;2026-01-20 | &nbsp;&nbsp;122169 | &nbsp;&nbsp;15.84 |
| &nbsp;&nbsp;2026-01-27 | &nbsp;&nbsp;333533 | &nbsp;&nbsp;16.38 |
| &nbsp;&nbsp;2026-01-28 | &nbsp;&nbsp;500000 | &nbsp;&nbsp;16.32 |
| &nbsp;&nbsp;2026-01-29 | &nbsp;&nbsp;800000 | &nbsp;&nbsp;16.19 |
| &nbsp;&nbsp;2026-01-30 | &nbsp;&nbsp;163291 | &nbsp;&nbsp;16.43 |
| &nbsp;&nbsp;2026-02-02 | &nbsp;&nbsp;325398 | &nbsp;&nbsp;16.50 |
| &nbsp;&nbsp;2026-02-03 | &nbsp;&nbsp;500000 | &nbsp;&nbsp;16.45 |
| &nbsp;&nbsp;2026-02-04 | &nbsp;&nbsp;4340 | &nbsp;&nbsp;16.53 |
| &nbsp;&nbsp;2026-02-06 | &nbsp;&nbsp;39153 | &nbsp;&nbsp;16.51 |
| &nbsp;&nbsp;2026-03-11 | &nbsp;&nbsp;1006972 | &nbsp;&nbsp;16.26 |
| &nbsp;&nbsp;2026-03-12 | &nbsp;&nbsp;646744 | &nbsp;&nbsp;16.48 |
| &nbsp;&nbsp;2026-03-13 | &nbsp;&nbsp;480222 | &nbsp;&nbsp;16.46 |

---

\* Excluding commissions, SEC fees, etc. (rounded to nearest cent). The Ordinary Shares were purchased using British Pounds. For purposes of this Schedule 13D, a conversion rate of USD $1.32385 for each GBP 1.00 was used.

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 4)**

**Smith & Nephew plc**

*(Name of Issuer)*

**Ordinary shares, par value $0.20 per share**

*(Title of Class of Securities)*

**—**

*(CUSIP Number)*

**Norma O'Sullivan**<br>Cevian Capital II GP LTD<br>Whiteley Chambers, Don Street<br>St. Helier Y9 JE2 4TR<br>44 1534 828 514

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**03/12/2026**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Cevian Capital II GP LTD** | Name of reporting person<br>**Cevian Capital II GP LTD** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**Y9** | Citizenship or place of organization<br>**Y9** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**81687136.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**81687136.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**81687136.00** | Aggregate amount beneficially owned by each reporting person<br>**81687136.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**9.6%** | Percent of class represented by amount in Row (11)<br>**9.6%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IA** | Type of Reporting Person (See Instructions)<br>**IA** | |

---

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Ordinary shares, par value $0.20 per share

**(b) Name of Issuer:**
Smith & Nephew plc

**(c) Address of Issuer's Principal Executive Offices:**
BUILDING 5, CROXLEY PARK, HATTERS LANE, WATFORD, HERTFORDSHIRE, X0, WD18 8YE

This Amendment No. 4 ("Amendment No. 4") amends and supplements the statement on Schedule 13D filed with the Securities and Exchange Commission on July 9, 2024 (the "Original Schedule 13D", and the Original Schedule 13D as amended, the "Schedule 13D"), with respect to the Ordinary shares, par value $0.20 per share (the "Ordinary Shares"), of Smith & Nephew plc, a public limited company incorporated under the laws of England and Wales (the "Issuer"). This Amendment No. 4 amends and restates Items 3 and 5(a)-(c) as set forth below. Capitalized terms used herein and not otherwise defined in this Amendment No. 4 have the meanings set forth in the Schedule 13D.

**Item 5. Interest in Securities of the Issuer**

**(a)**
See rows (11) and (13) of the cover page to this Schedule 13D for the aggregate number of Ordinary Shares and percentages of the Ordinary Shares beneficially owned by the Reporting Person. The percentage reported in this Schedule 13D is calculated based upon 849,889,305 Ordinary Shares reported to be outstanding as of February 28, 2026, in the Issuer's Report of Foreign Private Issuer on Form 6-K filed with the Securities and Exchange Commission on March 2, 2026.

**(b)**
See rows (7) through (10) of the cover page to this Schedule 13D for the number of Ordinary Shares as to which the Reporting Person has the sole power to vote or direct the vote and sole power to dispose or to direct the disposition.

**(c)**
The transactions in the Ordinary Shares by the Reporting Person for the benefit of the Cevian Funds within the past sixty (60) days are set forth in Schedule B, and are incorporated herein by reference.

### 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.

**Reporting Person:** Cevian Capital II GP LTD

**Signature:** /s/ Norma O'Sullivan

**Name/Title:** Norma O'Sullivan, Director

**Date:** 03/16/2026