# EDGAR Filing Document

**Accession Number:** 0001009268
**File Stem:** 0001104659-25-117433
**Filing Date:** 2025-12
**Character Count:** 49296
**Document Hash:** 9686d783d7d45ff092b16d1bef803833
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-117433.hdr.sgml**: 20251201

**ACCESSION NUMBER**: 0001104659-25-117433

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D

**PUBLIC DOCUMENT COUNT**: 5

**FILED AS OF DATE**: 20251201

**DATE AS OF CHANGE**: 20251201

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ENVIRI Corp
- **CENTRAL INDEX KEY:** 0000045876
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-SERVICES, NEC [8900]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 231483991
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-31915
- **FILM NUMBER:** 251541245

**BUSINESS ADDRESS:**
- **STREET 1:** TWO LOGAN SQUARE
- **STREET 2:** 100-120 NORTH 18TH STREET, 17TH FLOOR
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19103
- **BUSINESS PHONE:** 267-857-8715

**MAIL ADDRESS:**
- **STREET 1:** TWO LOGAN SQUARE
- **STREET 2:** 100-120 NORTH 18TH STREET, 17TH FLOOR
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19103

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HARSCO CORP
- **DATE OF NAME CHANGE:** 19920703
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** D. E. SHAW & CO, L.P.
- **CENTRAL INDEX KEY:** 0001009268

**ORGANIZATION NAME:**
- **EIN:** 133695715
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** TWO MANHATTAN WEST
- **STREET 2:** 375 NINTH AVENUE, 52ND FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001
- **BUSINESS PHONE:** 212-478-0000

**MAIL ADDRESS:**
- **STREET 1:** TWO MANHATTAN WEST
- **STREET 2:** 375 NINTH AVENUE, 52ND FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SHAW D E & CO L P /NY/
- **DATE OF NAME CHANGE:** 19990421

## Exhibit 99.1

**Exhibit 99.1**

**<u>SCHEDULE I</u>**

**<u>Transactions in the Securities of the Issuer During the Past Sixty Days</u>**

---

| | | | |
|:---|:---|:---|:---|
| Name | Date | Price per Share<sup>1</sup> | Number of Shares<br> Purchased/(Sold) |
| DESIM | 10/2/2025 | $11.66 | 100 |
| Valence | 10/2/2025 | $11.60<sup>2</sup> | 14008 |
| DESIM | 10/2/2025 | $11.72<sup>3</sup> | (500) |
| Galvanic | 10/2/2025 | $12.07<sup>4</sup> | (992) |
| Oculus | 10/2/2025 | $11.83<sup>5</sup> | (1000) |
| Valence | 10/2/2025 | $11.77<sup>6</sup> | (1256) |
| Oculus | 10/3/2025 | $11.71<sup>7</sup> | 200 |
| Valence | 10/3/2025 | $11.66<sup>8</sup> | 25502 |
| DESIM | 10/3/2025 | $11.74<sup>9</sup> | (300) |
| Galvanic | 10/3/2025 | $11.69<sup>10</sup> | (17471) |
| Oculus | 10/3/2025 | $11.66<sup>11</sup> | (690) |
| Valence | 10/3/2025 | $12.00<sup>12</sup> | (5283) |
| DESIM | 10/6/2025 | $11.97 | 100 |
| Oculus | 10/6/2025 | $11.89<sup>13</sup> | 200 |
| Valence | 10/6/2025 | $11.86<sup>14</sup> | 11602 |
| DESIM | 10/7/2025 | $11.70 | 100 |
| Valence | 10/7/2025 | $11.75<sup>15</sup> | 6593 |
| Galvanic | 10/7/2025 | $11.71<sup>16</sup> | (9000) |
| Valence | 10/7/2025 | $11.63<sup>17</sup> | (192) |
| DESIM | 10/8/2025 | $11.81 | 20 |
| Oculus | 10/8/2025 | $11.84<sup>18</sup> | 300 |

---

<sup>1</sup> Price per Share does not include any brokerage commissions or service charges. Where weighted average price is used for the reported transactions, the Reporting Persons undertake to provide upon request by the SEC, full information regarding the number of Shares purchased or sold at each separate price.

<sup>2</sup> A weighted average price based on prices ranging from $11.44 to $12.04.

<sup>3</sup> A weighted average price based on prices ranging from $11.50 to $11.92.

<sup>4</sup> A weighted average price based on prices ranging from $12.01 to $12.19.

<sup>5</sup> A weighted average price based on prices ranging from $11.50 to $12.25.

<sup>6</sup> A weighted average price based on prices ranging from $11.50 to $12.12.

<sup>7</sup> A weighted average price based on prices ranging from $11.70 to $11.71.

<sup>8</sup> A weighted average price based on prices ranging from $11.47 to $11.84.

<sup>9</sup> A weighted average price based on prices ranging from $11.64 to $11.79.

<sup>10</sup> A weighted average price based on prices ranging from $11.50 to $12.00.

<sup>11</sup> A weighted average price based on prices ranging from $11.60 to $11.78.

<sup>12</sup> A weighted average price based on prices ranging from $11.51 to $12.02.

<sup>13</sup> A weighted average price based on prices ranging from $11.85 to $11.92.

<sup>14</sup> A weighted average price based on prices ranging from $11.75 to $12.03.

<sup>15</sup> A weighted average price based on prices ranging from $11.65 to $11.93.

<sup>16</sup> A weighted average price based on prices ranging from $11.54 to $11.90.

<sup>17</sup> A weighted average price based on prices ranging from $11.55 to $11.70.

<sup>18</sup> A weighted average price based on prices ranging from $11.82 to $11.88.

---

| | | | |
|:---|:---|:---|:---|
| Valence | 10/8/2025 | $11.83<sup>19</sup> | 4490 |
| Galvanic | 10/8/2025 | $11.80<sup>20</sup> | (5000) |
| DESIM | 10/9/2025 | $11.75 | 35 |
| Oculus | 10/9/2025 | $11.74<sup>21</sup> | 580 |
| Valence | 10/9/2025 | $11.76<sup>22</sup> | 8988 |
| Galvanic | 10/9/2025 | $11.78<sup>23</sup> | (6900) |
| Valence | 10/9/2025 | $11.70 | (100) |
| DESIM | 10/10/2025 | $11.63 | 100 |
| Oculus | 10/10/2025 | $12.04<sup>24</sup> | 226 |
| Valence | 10/10/2025 | $11.66<sup>25</sup> | 6220 |
| Galvanic | 10/10/2025 | $11.91<sup>26</sup> | (800) |
| Oculus | 10/10/2025 | $11.70 | (100) |
| Valence | 10/10/2025 | $11.64<sup>27</sup> | (5329) |
| Oculus | 10/13/2025 | $11.91<sup>28</sup> | 277 |
| Valence | 10/13/2025 | $12.06<sup>29</sup> | 2923 |
| DESIM | 10/13/2025 | $12.01<sup>30</sup> | (600) |
| Oculus | 10/13/2025 | $12.02<sup>31</sup> | (300) |
| Valence | 10/13/2025 | $11.86<sup>32</sup> | (700) |
| Oculus | 10/14/2025 | $12.26<sup>33</sup> | 243 |
| Valence | 10/14/2025 | $12.35<sup>34</sup> | 5572 |
| DESIM | 10/14/2025 | $12.48 | (200) |
| Valence | 10/14/2025 | $12.11 | (100) |
| Oculus | 10/15/2025 | $12.47<sup>35</sup> | 276 |
| Valence | 10/15/2025 | $12.47<sup>36</sup> | 3401 |
| DESIM | 10/15/2025 | $12.56<sup>37</sup> | (500) |
| Oculus | 10/15/2025 | $12.52 | (86) |
| Valence | 10/15/2025 | $12.47<sup>38</sup> | (277) |

---

<sup>19</sup> A weighted average price based on prices ranging from $11.69 to $11.94.

<sup>20</sup> A weighted average price based on prices ranging from $11.73 to $11.93.

<sup>21</sup> A weighted average price based on prices ranging from $11.67 to $11.84.

<sup>22</sup> A weighted average price based on prices ranging from $11.59 to $11.92.

<sup>23</sup> A weighted average price based on prices ranging from $11.57 to $11.90.

<sup>24</sup> A weighted average price based on prices ranging from $11.94 to $12.11.

<sup>25</sup> A weighted average price based on prices ranging from $11.48 to $12.10.

<sup>26</sup> A weighted average price based on prices ranging from $11.75 to $12.04.

<sup>27</sup> A weighted average price based on prices ranging from $11.53 to $11.74.

<sup>28</sup> A weighted average price based on prices ranging from $11.71 to $12.08.

<sup>29</sup> A weighted average price based on prices ranging from $11.88 to $12.12.

<sup>30</sup> A weighted average price based on prices ranging from $11.91 to $12.13.

<sup>31</sup> A weighted average price based on prices ranging from $12.02 to $12.03.

<sup>32</sup> A weighted average price based on prices ranging from $11.73 to $12.03.

<sup>33</sup> A weighted average price based on prices ranging from $12.06 to $12.47.

<sup>34</sup> A weighted average price based on prices ranging from $12.03 to $12.50.

<sup>35</sup> A weighted average price based on prices ranging from $12.34 to $12.61.

<sup>36</sup> A weighted average price based on prices ranging from $12.22 to $12.64.

<sup>37</sup> A weighted average price based on prices ranging from $12.38 to $12.64.

<sup>38</sup> A weighted average price based on prices ranging from $12.42 to $12.50.

---

| | | | |
|:---|:---|:---|:---|
| Oculus | 10/16/2025 | $12.29<sup>39</sup> | 300 |
| Valence | 10/16/2025 | $12.34<sup>40</sup> | 906 |
| Oculus | 10/16/2025 | $12.36 | (100) |
| Valence | 10/16/2025 | $12.37<sup>41</sup> | (12751) |
| Oculus | 10/17/2025 | $12.30<sup>42</sup> | 124 |
| Valence | 10/17/2025 | $12.32<sup>43</sup> | 1076 |
| DESIM | 10/17/2025 | $12.43 | (100) |
| Galvanic | 10/17/2025 | $12.32<sup>44</sup> | (7100) |
| Oculus | 10/17/2025 | $12.42 | (100) |
| Valence | 10/17/2025 | $12.35<sup>45</sup> | (6755) |
| Oculus | 10/20/2025 | $12.65<sup>46</sup> | 376 |
| Valence | 10/20/2025 | $12.59<sup>47</sup> | 2032 |
| Galvanic | 10/20/2025 | $12.73<sup>48</sup> | (5536) |
| Valence | 10/20/2025 | $12.89<sup>49</sup> | (6600) |
| Oculus | 10/21/2025 | $12.92<sup>50</sup> | 224 |
| Valence | 10/21/2025 | $12.88<sup>51</sup> | 1876 |
| Galvanic | 10/21/2025 | $12.85<sup>52</sup> | (6700) |
| Oculus | 10/22/2025 | $12.74<sup>53</sup> | 200 |
| Valence | 10/22/2025 | $12.86<sup>54</sup> | 1765 |
| Valence | 10/22/2025 | $12.76<sup>55</sup> | (5899) |
| Oculus | 10/23/2025 | $13.16<sup>56</sup> | 200 |
| Valence | 10/23/2025 | $13.03<sup>57</sup> | 900 |
| DESIM | 10/23/2025 | $13.05 | (100) |
| Galvanic | 10/23/2025 | $13.09<sup>58</sup> | (8500) |
| Oculus | 10/23/2025 | $12.88<sup>59</sup> | (393) |

---

<sup>39</sup> A weighted average price based on prices ranging from $12.18 to $12.41.

<sup>40</sup> A weighted average price based on prices ranging from $12.20 to $12.47.

<sup>41</sup> A weighted average price based on prices ranging from $12.26 to $12.57.

<sup>42</sup> A weighted average price based on prices ranging from $12.26 to $12.41.

<sup>43</sup> A weighted average price based on prices ranging from $12.25 to $12.41.

<sup>44</sup> A weighted average price based on prices ranging from $12.23 to $12.42.

<sup>45</sup> A weighted average price based on prices ranging from $12.25 to $12.45.

<sup>46</sup> A weighted average price based on prices ranging from $12.50 to $12.82.

<sup>47</sup> A weighted average price based on prices ranging from $12.45 to $12.82.

<sup>48</sup> A weighted average price based on prices ranging from $12.47 to $12.94.

<sup>49</sup> A weighted average price based on prices ranging from $12.51 to $12.94.

<sup>50</sup> A weighted average price based on prices ranging from $12.79 to $12.97.

<sup>51</sup> A weighted average price based on prices ranging from $12.74 to $13.00.

<sup>52</sup> A weighted average price based on prices ranging from $12.73 to $13.00.

<sup>53</sup> A weighted average price based on prices ranging from $12.62 to $12.88.

<sup>54</sup> A weighted average price based on prices ranging from $12.62 to $12.97.

<sup>55</sup> A weighted average price based on prices ranging from $12.60 to $12.84.

<sup>56</sup> A weighted average price based on prices ranging from $13.09 to $13.23.

<sup>57</sup> A weighted average price based on prices ranging from $12.73 to $13.27.

<sup>58</sup> A weighted average price based on prices ranging from $12.70 to $13.28.

<sup>59</sup> A weighted average price based on prices ranging from $12.72 to $13.23.

---

| | | | |
|:---|:---|:---|:---|
| Valence | 10/23/2025 | $12.96<sup>60</sup> | (2660) |
| Oculus | 10/24/2025 | $13.46<sup>61</sup> | 200 |
| Valence | 10/24/2025 | $13.47<sup>62</sup> | 7155 |
| DESIM | 10/24/2025 | $13.48<sup>63</sup> | (938) |
| Galvanic | 10/24/2025 | $13.42<sup>64</sup> | (6000) |
| Oculus | 10/27/2025 | $13.25<sup>65</sup> | 478 |
| Valence | 10/27/2025 | $13.33<sup>66</sup> | 2171 |
| DESIM | 10/27/2025 | $13.34 | (100) |
| Galvanic | 10/27/2025 | $13.18<sup>67</sup> | (4500) |
| Oculus | 10/27/2025 | $13.17<sup>68</sup> | (403) |
| Valence | 10/27/2025 | $13.15<sup>69</sup> | (928) |
| Oculus | 10/28/2025 | $13.07<sup>70</sup> | 222 |
| Valence | 10/28/2025 | $12.99<sup>71</sup> | 2983 |
| Galvanic | 10/28/2025 | $13.05<sup>72</sup> | (3800) |
| Oculus | 10/28/2025 | $12.98<sup>73</sup> | (200) |
| Valence | 10/28/2025 | $13.12<sup>74</sup> | (1501) |
| DESIM | 10/29/2025 | $12.81<sup>75</sup> | 1800 |
| Oculus | 10/29/2025 | $12.76<sup>76</sup> | 383 |
| Valence | 10/29/2025 | $12.90<sup>77</sup> | 6533 |
| Galvanic | 10/29/2025 | $12.78<sup>78</sup> | (9000) |
| Valence | 10/29/2025 | $12.57<sup>79</sup> | (900) |
| DESIM | 10/30/2025 | $12.37<sup>80</sup> | 1100 |
| Valence | 10/30/2025 | $12.38<sup>81</sup> | 4613 |
| Galvanic | 10/30/2025 | $12.32<sup>82</sup> | (7500) |

---

<sup>60</sup> A weighted average price based on prices ranging from $12.71 to $13.26.

<sup>61</sup> A weighted average price based on prices ranging from $13.41 to $13.48.

<sup>62</sup> A weighted average price based on prices ranging from $13.38 to $13.51.

<sup>63</sup> A weighted average price based on prices ranging from $13.47 to $13.49.

<sup>64</sup> A weighted average price based on prices ranging from $13.34 to $13.50.

<sup>65</sup> A weighted average price based on prices ranging from $13.11 to $13.37.

<sup>66</sup> A weighted average price based on prices ranging from $13.08 to $13.43.

<sup>67</sup> A weighted average price based on prices ranging from $13.06 to $13.44.

<sup>68</sup> A weighted average price based on prices ranging from $13.10 to $13.34.

<sup>69</sup> A weighted average price based on prices ranging from $13.11 to $13.19.

<sup>70</sup> A weighted average price based on prices ranging from $13.01 to $13.11.

<sup>71</sup> A weighted average price based on prices ranging from $12.97 to $13.26.

<sup>72</sup> A weighted average price based on prices ranging from $12.92 to $13.26.

<sup>73</sup> A weighted average price based on prices ranging from $12.95 to $13.00.

<sup>74</sup> A weighted average price based on prices ranging from $12.96 to $13.26.

<sup>75</sup> A weighted average price based on prices ranging from $12.49 to $12.98.

<sup>76</sup> A weighted average price based on prices ranging from $12.37 to $12.94.

<sup>77</sup> A weighted average price based on prices ranging from $12.54 to $13.04.

<sup>78</sup> A weighted average price based on prices ranging from $12.50 to $13.03.

<sup>79</sup> A weighted average price based on prices ranging from $12.34 to $12.66.

<sup>80</sup> A weighted average price based on prices ranging from $12.28 to $12.60.

<sup>81</sup> A weighted average price based on prices ranging from $12.25 to $12.66.

<sup>82</sup> A weighted average price based on prices ranging from $12.25 to $12.51.

---

| | | | |
|:---|:---|:---|:---|
| Valence | 10/30/2025 | $12.31<sup>83</sup> | (300) |
| DESIM | 10/31/2025 | $12.36<sup>84</sup> | 600 |
| Valence | 10/31/2025 | $12.26<sup>85</sup> | 12922 |
| Galvanic | 10/31/2025 | $12.26<sup>86</sup> | (6000) |
| Valence | 10/31/2025 | $12.36<sup>87</sup> | (300) |
| DESIM | 11/3/2025 | $12.16<sup>88</sup> | 500 |
| Valence | 11/3/2025 | $12.14<sup>89</sup> | 13433 |
| Galvanic | 11/3/2025 | $12.10<sup>90</sup> | (23700) |
| Valence | 11/3/2025 | $12.15<sup>91</sup> | (2100) |
| DESIM | 11/4/2025 | $12.03<sup>92</sup> | 600 |
| Valence | 11/4/2025 | $12.00<sup>93</sup> | 6881 |
| Galvanic | 11/4/2025 | $11.97<sup>94</sup> | (7400) |
| Valence | 11/4/2025 | $11.99<sup>95</sup> | (682) |
| Valence | 11/4/2025 | $12.62 | (37800) |
| DESIM | 11/5/2025 | $12.16<sup>96</sup> | 500 |
| Valence | 11/5/2025 | $12.18<sup>97</sup> | 8762 |
| Galvanic | 11/5/2025 | $12.19<sup>98</sup> | (9900) |
| Valence | 11/5/2025 | $12.12<sup>99</sup> | (197) |
| DESIM | 11/6/2025 | $12.25<sup>100</sup> | 2411 |
| Valence | 11/6/2025 | $12.25<sup>101</sup> | 10485 |
| Galvanic | 11/6/2025 | $12.24<sup>102</sup> | (11500) |
| Valence | 11/6/2025 | $12.27<sup>103</sup> | (1587) |
| Composite | 11/7/2025 | $12.26 | 100 |
| DESIM | 11/7/2025 | $12.06<sup>104</sup> | 1412 |

---

<sup>83</sup> A weighted average price based on prices ranging from $12.28 to $12.37.

<sup>84</sup> A weighted average price based on prices ranging from $12.25 to $12.44.

<sup>85</sup> A weighted average price based on prices ranging from $12.11 to $12.53.

<sup>86</sup> A weighted average price based on prices ranging from $12.11 to $12.52.

<sup>87</sup> A weighted average price based on prices ranging from $12.24 to $12.52.

<sup>88</sup> A weighted average price based on prices ranging from $12.09 to $12.29.

<sup>89</sup> A weighted average price based on prices ranging from $11.95 to $12.27.

<sup>90</sup> A weighted average price based on prices ranging from $11.93 to $12.30.

<sup>91</sup> A weighted average price based on prices ranging from $12.05 to $12.30.

<sup>92</sup> A weighted average price based on prices ranging from $11.95 to $12.08.

<sup>93</sup> A weighted average price based on prices ranging from $11.83 to $12.11.

<sup>94</sup> A weighted average price based on prices ranging from $11.85 to $12.09.

<sup>95</sup> A weighted average price based on prices ranging from $11.91 to $12.03.

<sup>96</sup> A weighted average price based on prices ranging from $12.08 to $12.25.

<sup>97</sup> A weighted average price based on prices ranging from $11.91 to $12.40.

<sup>98</sup> A weighted average price based on prices ranging from $11.92 to $12.41.

<sup>99</sup> A weighted average price based on prices ranging from $12.05 to $12.20.

<sup>100</sup> A weighted average price based on prices ranging from $12.11 to $12.41.

<sup>101</sup> A weighted average price based on prices ranging from $12.12 to $12.40.

<sup>102</sup> A weighted average price based on prices ranging from $12.10 to $12.40.

<sup>103</sup> A weighted average price based on prices ranging from $12.13 to $12.27.

<sup>104</sup> A weighted average price based on prices ranging from $11.94 to $12.20.

---

| | | | |
|:---|:---|:---|:---|
| Valence | 11/7/2025 | $12.08<sup>105</sup> | 24359 |
| Galvanic | 11/7/2025 | $12.12<sup>106</sup> | (17100) |
| Oculus | 11/7/2025 | $12.22 | (100) |
| Valence | 11/7/2025 | $12.05<sup>107</sup> | (723) |
| Composite | 11/10/2025 | $11.72 | 100 |
| DESIM | 11/10/2025 | $12.40<sup>108</sup> | 500 |
| Valence | 11/10/2025 | $12.54<sup>109</sup> | 15941 |
| Oculus | 11/10/2025 | $11.81<sup>110</sup> | (348) |
| Valence | 11/10/2025 | $11.72<sup>111</sup> | (1791) |
| Valence | 11/11/2025 | $13.37<sup>112</sup> | 19422 |
| Oculus | 11/11/2025 | $13.28<sup>113</sup> | (600) |
| Valence | 11/12/2025 | $13.50<sup>114</sup> | 15460 |
| DESIM | 11/12/2025 | $13.43<sup>115</sup> | (400) |
| Oculus | 11/12/2025 | $13.49<sup>116</sup> | (900) |
| Valence | 11/12/2025 | $13.43<sup>117</sup> | (565) |
| DESIM | 11/13/2025 | $13.18 | 100 |
| Valence | 11/13/2025 | $13.28<sup>118</sup> | 1300 |
| Oculus | 11/13/2025 | $13.23<sup>119</sup> | (3700) |
| Valence | 11/13/2025 | $13.25<sup>120</sup> | (28486) |
| Valence | 11/14/2025 | $13.45<sup>121</sup> | 900 |
| DESIM | 11/14/2025 | $13.07 | (100) |
| Oculus | 11/14/2025 | $13.43<sup>122</sup> | (3200) |
| Valence | 11/14/2025 | $13.35<sup>123</sup> | (10327) |
| Valence | 11/17/2025 | $13.50<sup>124</sup> | 1139 |
| DESIM | 11/17/2025 | $13.51<sup>125</sup> | (2553) |

---

<sup>105</sup> A weighted average price based on prices ranging from $11.86 to $12.27.

<sup>106</sup> A weighted average price based on prices ranging from $11.94 to $12.27.

<sup>107</sup> A weighted average price based on prices ranging from $11.93 to $12.25.

<sup>108</sup> A weighted average price based on prices ranging from $11.90 to $12.69.

<sup>109</sup> A weighted average price based on prices ranging from $11.92 to $12.89.

<sup>110</sup> A weighted average price based on prices ranging from $11.55 to $12.26.

<sup>111</sup> A weighted average price based on prices ranging from $11.38 to $12.32.

<sup>112</sup> A weighted average price based on prices ranging from $12.87 to $13.59.

<sup>113</sup> A weighted average price based on prices ranging from $13.02 to $13.45.

<sup>114</sup> A weighted average price based on prices ranging from $13.30 to $13.81.

<sup>115</sup> A weighted average price based on prices ranging from $13.31 to $13.55.

<sup>116</sup> A weighted average price based on prices ranging from $13.36 to $13.56.

<sup>117</sup> A weighted average price based on prices ranging from $13.34 to $13.51.

<sup>118</sup> A weighted average price based on prices ranging from $13.13 to $13.49.

<sup>119</sup> A weighted average price based on prices ranging from $13.07 to $13.51.

<sup>120</sup> A weighted average price based on prices ranging from $13.04 to $13.51.

<sup>121</sup> A weighted average price based on prices ranging from $13.07 to $13.62.

<sup>122</sup> A weighted average price based on prices ranging from $13.07 to $13.68.

<sup>123</sup> A weighted average price based on prices ranging from $13.04 to $13.65.

<sup>124</sup> A weighted average price based on prices ranging from $13.43 to $13.68.

<sup>125</sup> A weighted average price based on prices ranging from $13.43 to $13.67.

---

| | | | |
|:---|:---|:---|:---|
| Oculus | 11/17/2025 | $13.50<sup>126</sup> | (5894) |
| Valence | 11/17/2025 | $13.50<sup>127</sup> | (30584) |
| Valence | 11/18/2025 | $13.12<sup>128</sup> | 871 |
| DESIM | 11/18/2025 | $13.07<sup>129</sup> | (3000) |
| Oculus | 11/18/2025 | $13.09<sup>130</sup> | (9879) |
| Valence | 11/18/2025 | $13.08<sup>131</sup> | (30979) |
| Valence | 11/19/2025 | $13.31<sup>132</sup> | 662 |
| DESIM | 11/19/2025 | $13.27<sup>133</sup> | (2021) |
| Oculus | 11/19/2025 | $13.29<sup>134</sup> | (6402) |
| Valence | 11/19/2025 | $13.29<sup>135</sup> | (31524) |
| Valence | 11/20/2025 | $13.60<sup>136</sup> | 1300 |
| DESIM | 11/20/2025 | $13.57<sup>137</sup> | (3200) |
| Oculus | 11/20/2025 | $13.51<sup>138</sup> | (7617) |
| Valence | 11/20/2025 | $13.50<sup>139</sup> | (28737) |
| Valence | 11/21/2025 | $15.00 | (11100)<sup>140</sup> |
| Galvanic | 11/21/2025 | $17.20<sup>141</sup> | 3044 |
| Valence | 11/21/2025 | $17.46<sup>142</sup> | 47647 |
| Valence | 11/21/2025 | $18.27 | 100 |
| DESIM | 11/21/2025 | $17.40<sup>143</sup> | (12562) |
| Oculus | 11/21/2025 | $17.43<sup>144</sup> | (21515) |
| Oculus | 11/21/2025 | $18.47<sup>145</sup> | (200) |
| Valence | 11/21/2025 | $17.57<sup>146</sup> | (4950) |
| Galvanic | 11/24/2025 | $17.94<sup>147</sup> | 13621 |
| Oculus | 11/24/2025 | $18.06<sup>148</sup> | 200 |

---

<sup>126</sup> A weighted average price based on prices ranging from $13.43 to $13.64.

<sup>127</sup> A weighted average price based on prices ranging from $13.38 to $13.68.

<sup>128</sup> A weighted average price based on prices ranging from $13.02 to $13.28.

<sup>129</sup> A weighted average price based on prices ranging from $12.90 to $13.26.

<sup>130</sup> A weighted average price based on prices ranging from $12.88 to $13.35.

<sup>131</sup> A weighted average price based on prices ranging from $12.88 to $13.39.

<sup>132</sup> A weighted average price based on prices ranging from $13.13 to $13.47.

<sup>133</sup> A weighted average price based on prices ranging from $13.15 to $13.47.

<sup>134</sup> A weighted average price based on prices ranging from $13.11 to $13.48.

<sup>135</sup> A weighted average price based on prices ranging from $13.04 to $13.48.

<sup>136</sup> A weighted average price based on prices ranging from $13.42 to $13.76.

<sup>137</sup> A weighted average price based on prices ranging from $13.32 to $13.79.

<sup>138</sup> A weighted average price based on prices ranging from $13.32 to $13.79.

<sup>139</sup> A weighted average price based on prices ranging from $13.30 to $13.79.

<sup>140</sup> These sales were effected pursuant to the assignment of call options, which is reflected in the options table below.

<sup>141</sup> A weighted average price based on prices ranging from $17.14 to $17.25.

<sup>142</sup> A weighted average price based on prices ranging from $17.16 to $17.87.

<sup>143</sup> A weighted average price based on prices ranging from $17.15 to $17.81.

<sup>144</sup> A weighted average price based on prices ranging from $17.15 to $17.84.

<sup>145</sup> A weighted average price based on prices ranging from $18.44 to $18.50.

<sup>146</sup> A weighted average price based on prices ranging from $17.31 to $17.92.

<sup>147</sup> A weighted average price based on prices ranging from $17.55 to $18.00.

<sup>148</sup> A weighted average price based on prices ranging from $18.01 to $18.10.

---

| | | |
|:---|:---|:---|
| Valence | 11/24/2025 | 28967 |
| DESIM | 11/24/2025$18.08<sup>150</sup> | (8867) |
| Oculus | 11/24/2025$18.05<sup>151</sup> | (12745) |
| Valence | 11/24/2025$18.03<sup>152</sup> | (9159) |

---

<sup>149</sup> A weighted average price based on prices ranging from $17.75 to $18.26.

<sup>150</sup> A weighted average price based on prices ranging from $17.87 to $18.25.

<sup>151</sup> A weighted average price based on prices ranging from $17.79 to $18.23.

<sup>152</sup> A weighted average price based on prices ranging from $17.82 to $18.22.

The trading dates, transactions, expiries, exercises and assignments, and the price per share implied by the transactions, for all transactions by the Reporting Persons in options of the Issuer within the last 60 days, which were all brokered transactions, are set forth below.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Name | Date | Security Description | Action | Notional Number of Shares<br> Purchased/(Sold) | Price |
| Valence | 10/22/2025 | $15.00 November 2026 Call | Short Sale | (2400) | $0.85 |
| Valence | 10/22/2025 | $15.00 November 2026 Call | Short Sale | (9500) | $0.95 |
| Valence | 10/31/2025 | $20.00 November 2026 Call | Short Sale | (65000) | $0.21 |
| Valence | 11/4/2025 | $10.00 November 2025 Put | Short Sale | (270000) | $0.29 |
| Valence | 11/21/2025 | $15.00 November 2025 Call | Assignment | (11100) | $0.00 |
| Valence | 11/21/2025 | $10.00 November 2025 Put | Expiry | 270000 | $0.00 |

---

## Exhibit 99.2

**Exhibit 99.2**

**<u>Exhibit 2</u>**

POWER OF ATTORNEY

FOR CERTAIN REGULATORY FILINGS

INCLUDING CERTAIN FILINGS

UNDER THE SECURITIES EXCHANGE ACT OF 1934

AND THE INVESTMENT ADVISERS ACT OF 1940

I, David E. Shaw, hereby make, constitute, and appoint each of

Adam Deaton,

Anne Dinning,

Edward Fishman,

Alexis Halaby,

Edwin Jager,

Martin Lebwohl,

Daniel Marcus,

Anoop Prasad,

Maximilian Stone, and

David Sweet,

acting individually in such person's capacity as an employee of D. E. Shaw & Co., L.P. or one of its subsidiaries, as my agent and attorney-in-fact, with full power of substitution, for the purpose of, from time to time, (i) executing in my name, in my capacity as President of D. E. Shaw & Co., Inc. (acting for itself or as the general partner of D. E. Shaw & Co., L.P. and general partner, managing member, or manager of other entities, any of which in turn may be acting for itself or other entities), all documents, certificates, instruments, statements, other filings, and amendments to the foregoing (collectively, "documents") determined by such person to be necessary or appropriate to comply with any registration or regulatory disclosure requirements and/or ownership or control-person reporting requirements imposed by any U.S. or non-U.S. governmental or regulatory authority, including without limitation Form ADV, Forms 3, 4, 5, and 13F, and Schedules 13D and 13G required to be filed with the U.S. Securities and Exchange Commission, and/or (ii) delivering, furnishing, or filing, in each case whether themself or through their designee, any such documents to or with the appropriate governmental or regulatory authority. Any such determination shall be conclusively evidenced by such person's execution of, and/or their (or their designee's) delivery, furnishing, and/or filing of, the applicable document.

This power of attorney shall be valid as of the date set forth below and replaces the power granted on March 1, 2017, which is hereby cancelled. Furthermore, this power of attorney shall be valid with respect to any particular individual set forth above only for so long as such person remains employed by D. E. Shaw & Co., L.P. or one of its subsidiaries.

IN WITNESS HEREOF, I have executed this instrument as of the date set forth below.

Date: August 1, 2024

/s/ David E. Shaw

David E. Shaw,

as President of D. E. Shaw & Co., Inc.

## Exhibit 99.3

**Exhibit 99.3**

**<u>Exhibit 3</u>**

POWER OF ATTORNEY

FOR CERTAIN REGULATORY FILINGS

INCLUDING CERTAIN FILINGS

UNDER THE SECURITIES EXCHANGE ACT OF 1934

AND THE INVESTMENT ADVISERS ACT OF 1940

I, David E. Shaw, hereby make, constitute, and appoint each of

Adam Deaton,

Anne Dinning,

Edward Fishman,

Alexis Halaby,

Edwin Jager,

Martin Lebwohl,

Daniel Marcus,

Anoop Prasad,

Maximilian Stone, and

David Sweet,

acting individually in such person's capacity as an employee of D. E. Shaw & Co., L.P. or one of its subsidiaries, as my agent and attorney-in-fact, with full power of substitution, for the purpose of, from time to time, (i) executing in my name, in my capacity as President of D. E. Shaw & Co. II, Inc. (acting for itself or as the managing member of D. E. Shaw & Co., L.L.C. and general partner, managing member, or manager of other entities, any of which in turn may be acting for itself or other entities), all documents, certificates, instruments, statements, other filings, and amendments to the foregoing (collectively, "documents") determined by such person to be necessary or appropriate to comply with any registration or regulatory disclosure requirements and/or ownership or control-person reporting requirements imposed by any U.S. or non-U.S. governmental or regulatory authority, including without limitation Form ADV, Forms 3, 4, 5, and 13F, and Schedules 13D and 13G required to be filed with the U.S. Securities and Exchange Commission, and/or (ii) delivering, furnishing, or filing, in each case whether themself or through their designee, any such documents to or with the appropriate governmental or regulatory authority. Any such determination shall be conclusively evidenced by such person's execution of, and/or their (or their designee's) delivery, furnishing, and/or filing of, the applicable document.

This power of attorney shall be valid as of the date set forth below and replaces the power granted on March 1, 2017, which is hereby cancelled. Furthermore, this power of attorney shall be valid with respect to any particular individual set forth above only for so long as such person remains employed by D. E. Shaw & Co., L.P. or one of its subsidiaries.

IN WITNESS HEREOF, I have executed this instrument as of the date set forth below.

Date: August 1, 2024

/s/ David E. Shaw

David E. Shaw,

as President of D. E. Shaw & Co. II, Inc.

## Exhibit 99.4

**Exhibit 99.4**

**<u>Exhibit 4</u>**

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, each of the undersigned Reporting Persons hereby agrees to the joint filing, along with all other such Reporting Persons, on behalf of each of them of a statement on Schedule 13D (including amendments thereto) with respect to the common stock, par value $1.25 per share, of Enviri Corporation, and that this Agreement be included as an Exhibit to such joint filing. This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.

IN WITNESS WHEREOF, each of the undersigned hereby executes this Agreement as of this 1st day of December, 2025.

---

| | |
|:---|:---|
| D. E. Shaw & Co., L.P. | D. E. Shaw & Co., L.P. |
| By: | <u>/s/ Daniel R. Marcus</u> |
|  | Daniel R. Marcus |
|  | Chief Compliance Officer |

---

---

| | |
|:---|:---|
| D. E. Shaw & Co., L.L.C. | D. E. Shaw & Co., L.L.C. |
| By: | <u>/s/ Daniel R. Marcus</u> |
|  | Daniel R. Marcus |
|  | Authorized Signatory |

---

---

| | |
|:---|:---|
| David E. Shaw | David E. Shaw |
| By: | <u>/s/ Daniel R. Marcus</u> |
|  | Daniel R. Marcus |
|  | Attorney-in-Fact for David E. Shaw |

---

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

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**Enviri Corporation**

*(Name of Issuer)*

**Common stock, par value $1.25 per share**

*(Title of Class of Securities)*

**415864107**

*(CUSIP Number)*

**D. E. Shaw & Co., L.P.**<br>Legal & Compliance, Two Manhattan West<br>375 Ninth Ave., 52nd Floor<br>New York NY 10001<br>212-478-0000

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

**11/21/2025**

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

| **CUSIP No.** | **415864107** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**D. E. Shaw & Co., L.P.** | Name of reporting person<br>**D. E. Shaw & Co., L.P.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (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>[x] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[x] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**4394308.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**4396708.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**4396708.00** | Aggregate amount beneficially owned by each reporting person<br>**4396708.00** | |
| 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>**5.4%** | Percent of class represented by amount in Row (11)<br>**5.4%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IA** | Type of Reporting Person (See Instructions)<br>**IA** | |

---

| **CUSIP No.** | **415864107** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**D. E. Shaw & Co., L.L.C.** | Name of reporting person<br>**D. E. Shaw & Co., L.L.C.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (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>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**4239415.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**4239415.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**4239415.00** | Aggregate amount beneficially owned by each reporting person<br>**4239415.00** | |
| 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>**5.3%** | Percent of class represented by amount in Row (11)<br>**5.3%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

| **CUSIP No.** | **415864107** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**David E. Shaw** | Name of reporting person<br>**David E. Shaw** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (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>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**4394308.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**4396708.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**4396708.00** | Aggregate amount beneficially owned by each reporting person<br>**4396708.00** | |
| 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>**5.4%** | Percent of class represented by amount in Row (11)<br>**5.4%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common stock, par value $1.25 per share

**(b) Name of Issuer:**
Enviri Corporation

**(c) Address of Issuer's Principal Executive Offices:**
Two Logan Square, 100-120 North 18th Street, 17th Floor, Philadelphia, PA, 19103

**Item 4. Purpose of Transaction**

The information set forth in Item 3 and Item 5 of this Schedule 13D is incorporated herein by reference.

D. E. Shaw Galvanic Portfolios, L.L.C. ("Galvanic"), D. E. Shaw Oculus Portfolios, L.L.C. ("Oculus"), D. E. Shaw Valence Portfolios, L.L.C. ("Valence"), D. E. Shaw Composite Portfolios, L.L.C. ("Composite"), and certain funds under the management of D. E. Shaw Investment Management, L.L.C. ("DESIM") acquired the Shares to which this Schedule 13D relates for investment purposes in the ordinary course of business, and not with the purpose nor with the effect of changing or influencing the control or management of the Issuer. The Reporting Persons previously filed an initial Schedule 13G on November 29, 2024, disclosing beneficial ownership above 5% of the Shares then issued and outstanding, which filing was subsequently amended on December 19, 2024, May 15, 2025, and November 14, 2025.

On November 21, 2025, the Issuer filed a Form 8-K with the SEC disclosing, among other things, that it had entered into certain definitive agreements with Veolia Environnement S.A. (the "Buyer") pursuant to which the Issuer will separate its "Clean Energy" business from its remaining businesses and the Buyer will acquire such "Clean Energy" business. Accordingly, due to the position taken by the SEC in the "Faith Colish" No-Action Letter (See Faith Colish (No-Act., Available March 24, 1980)), it is possible that the Reporting Persons may not be eligible to continue reporting this position on a Schedule 13G, and have determined, out of an abundance of caution, to convert to a Schedule 13D.

The Reporting Persons and/or certain of their affiliates will review their investment in the Shares from time to time and, subject to applicable law and regulation, depending upon certain factors, including, without limitation, the financial performance of the Issuer, the availability and price of the Shares or other securities related to the Issuer, overall market conditions, other available investment opportunities, and other general market and investment conditions, the Reporting Persons and/or certain of their affiliates may determine to take such actions with respect to their investment in the Issuer as they deem appropriate, including changing their current intentions with respect to any or all matters referred to in this Item 4 of Schedule 13D and may, from time to time determine to: (i) increase or decrease their position in the Issuer through, among other things, the purchase or sale of Shares and/or other equity, debt, derivative securities or other instruments that are convertible into Shares, or are based upon or relate to the value of the Shares or the Issuer (collectively, "Securities") on the open market or in private transactions, on such terms and at such times as the Reporting Persons may deem advisable and/or (ii) enter into transactions that increase or hedge its economic exposure to the Shares or other Securities without affecting the Reporting Persons' beneficial ownership of the Shares or other Securities. Such transactions may take place at any time and without prior notice. There can be no assurance, however, that any Reporting Person or any of their affiliates will take any such actions.

Except as set forth herein, none of the Reporting Persons has any plans or proposals which relate to, or could result in, any of the matters referred to in paragraphs (a) through (j), inclusive, of the instructions to Item 4 of Schedule 13D.

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

**(a)**
(a) - (b) Based upon Exhibit 2.2 to the Issuer's Form 8-K, filed with the SEC on November 21, 2025, there were 80,698,491 Shares issued and outstanding as of November 19, 2025. Shares are beneficially owned by Galvanic, Oculus, Valence, Composite, and certain funds under the management of DESIM, including Shares in the name of D. E. Shaw Investment Management Special Investment Fund, L.L.C. ("DSIF"). Each of Galvanic, Oculus, Valence, Composite, DESIM, and DSIF is a Delaware limited liability company and has its business address and principal office at Two Manhattan West, 375 Ninth Avenue, 52nd Floor, New York, NY 10001.

The 3,172,055 Shares beneficially owned by Galvanic (the "Galvanic Shares") represent approximately 3.9% of the Shares. The 639,477 Shares beneficially owned by Oculus (the "Oculus Shares") represent approximately 0.8% of the Shares. The 376,983 Shares beneficially owned by Valence (the "Valence Shares") represent approximately 0.8% of the Shares. The 50,000 Shares beneficially owned by Composite (the "Composite Shares") represent approximately 0.1% of the Shares. The 158,193 Shares under the management of DESIM (the "DESIM Shares"), including the 900 Shares beneficially owned by DSIF (the "DSIF Shares"), represent approximately 0.2% of the Shares.

Galvanic has the power to vote or direct the vote of (and the power to dispose or direct the disposition of) the Galvanic Shares. Oculus has the power to vote or direct the vote of (and the power to dispose or direct the disposition of) the Oculus Shares. Valence has the power to vote or direct the vote of (and the power to dispose or direct the disposition of) the Valence Shares. Composite has the power to vote or direct the vote of (and the power to dispose or direct the disposition of) the Composite Shares. DESIM has the shared power to vote or direct the vote of 155,793 Shares, and the shared power to dispose or direct the disposition of 158,193 Shares.

DESCO LP, as the investment adviser of Oculus, Valence, Composite, and as the managing member of (i) DESIM, which in turn is the investment adviser of DSIF, and (ii) D. E. Shaw Adviser II, L.L.C. ("Adviser II"), which in turn is the investment adviser of Galvanic, may be deemed to have the shared power to vote or direct the vote of 4,394,308 shares (the "Voting Shares") and the shared power to dispose or direct the disposition of 4,396,708 shares (the "Dispositive Shares").

DESCO LLC, as the manager of Oculus, Valence, Composite, and DSIF and the managing member of D. E. Shaw Manager II, L.L.C. ("Manager II"), which in turn is the manager of Galvanic, may be deemed to have the shared power to vote or direct the vote of, and the shared power to dispose or direct the disposition of 4,239,415 Shares.

As general partner of DESCO LP, DESCO Inc. may be deemed to have the shared power to vote or direct the vote of the Voting Shares and the shared power to dispose or direct the disposition of the Dispositive Shares.

As managing member of DESCO LLC, DESCO II, Inc. may be deemed to have the shared power to vote or direct the vote of, and the shared power to dispose or direct the disposition of 4,239,415 Shares.

None of DESCO LP, DESCO LLC, DESCO Inc., or DESCO II, Inc., owns any Shares directly, and each such entity disclaims beneficial ownership of any Shares.

Dr. Shaw does not own any Shares directly. By virtue of Dr. Shaw's position as President and sole shareholder of DESCO Inc., which is the general partner of DESCO LP, which in turn is the investment adviser of Oculus, Valence, Composite, and as the managing member of (i) DESIM, which in turn is the investment adviser of DSIF, and (ii) Adviser II, which in turn is the investment adviser of Galvanic, and by virtue of Dr. Shaw's position as President and sole shareholder of DESCO II, Inc., which is the managing member of DESCO LLC, which in turn is the manager of Oculus, Valence, Composite, and DSIF and the managing member of Manager II, which in turn is the manager of Galvanic, Dr. Shaw may be deemed to have the shared power to vote or direct the vote of the Voting Shares and the shared power to dispose or direct the disposition of the Dispositive Shares, the Dispositive Shares as described above constituting 5.4% of the outstanding shares, and, therefore, Dr. Shaw may be deemed to be the beneficial owner of such Shares. David E. Shaw disclaims beneficial ownership of any Shares.

**(b)**
See Item 5(a).

**(c)**
Schedule I hereto, which is incorporated by reference into this Item 5(c) as if restated in full herein, describes all of the transactions in Shares by the Reporting Persons and/or any affiliates of the Reporting Persons during the past sixty (60) days.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

The information set forth in Item 4 of this Schedule 13D is incorporated herein by reference.  Valence has sold listed call option contracts, based upon the value of the Shares. As of the date hereof, Valence has a short economic exposure to 116,200 Shares through listed call option contracts. As of the date hereof, Valence also maintains an open short position referencing 916 Shares.

These contracts do not give the Reporting Persons direct or indirect voting, investment, or dispositive control over any securities of the Issuer.  Accordingly, the Reporting Persons disclaim any beneficial ownership in any securities that may be referenced in such contracts.

Except for the matters otherwise described in this Schedule 13D, none of the Reporting Persons has any contract, arrangement, understanding or relationship with any person with respect to any securities of the Issuer.

### 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:** D. E. Shaw & Co., L.P.

**Signature:** /s/ Daniel R. Marcus

**Name/Title:** Daniel R. Marcus / Chief Compliance Officer

**Date:** 12/01/2025

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:** D. E. Shaw & Co., L.L.C.

**Signature:** /s/ Daniel R. Marcus

**Name/Title:** Daniel R. Marcus / Authorized Signatory

**Date:** 12/01/2025

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:** David E. Shaw

**Signature:** /s/ Daniel R. Marcus

**Name/Title:** Daniel R. Marcus / Attorney-in-Fact for David E. Shaw

**Date:** 12/01/2025