# EDGAR Filing Document

**Accession Number:** 0001345126
**File Stem:** 0001193125-26-217343
**Filing Date:** 2026-5
**Character Count:** 12679
**Document Hash:** 895ab1f93e2d5b16613ec6649d8feda1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-217343.hdr.sgml**: 20260511

**ACCESSION NUMBER**: 0001193125-26-217343

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

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260511

**DATE AS OF CHANGE**: 20260511

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Compass Diversified Holdings
- **CENTRAL INDEX KEY:** 0001345126
- **STANDARD INDUSTRIAL CLASSIFICATION:** HOUSEHOLD FURNITURE [2510]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 576218917
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-81833
- **FILM NUMBER:** 26964906

**BUSINESS ADDRESS:**
- **STREET 1:** 301 RIVERSIDE AVENUE
- **CITY:** WESTPORT
- **STATE:** CT
- **ZIP:** 06880
- **BUSINESS PHONE:** 203-221-1703

**MAIL ADDRESS:**
- **STREET 1:** 301 RIVERSIDE AVENUE
- **CITY:** WESTPORT
- **STATE:** CT
- **ZIP:** 06880

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Compass Diversified Trust
- **DATE OF NAME CHANGE:** 20051122
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ADW Capital Partners, L.P.
- **CENTRAL INDEX KEY:** 0001511001

**ORGANIZATION NAME:**
- **EIN:** 273514468
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** 6431 ALLISON ROAD
- **CITY:** MIAMI BEACH
- **STATE:** FL
- **ZIP:** 33141
- **BUSINESS PHONE:** (646) 684-4086

**MAIL ADDRESS:**
- **STREET 1:** 6431 ALLISON ROAD
- **CITY:** MIAMI BEACH
- **STATE:** FL
- **ZIP:** 33141

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

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 3)**

**COMPASS DIVERSIFIED HOLDINGS**

*(Name of Issuer)*

**Shares representing beneficial interests in Compass Diversified Holdings**

*(Title of Class of Securities)*

**—**

*(CUSIP Number)*

**C. Robert Bruner**<br>2801 N. Harwood Street<br>Suite 2300<br>Dallas TX 75201<br>(214) 651-5231

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

**05/07/2026**

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

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**ADW Capital Partners, L.P.** | Name of reporting person<br>**ADW Capital Partners, L.P.** | |
| 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>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 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>**13500000.00** |
| 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>**13500000.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**13500000.00** | Aggregate amount beneficially owned by each reporting person<br>**13500000.00** | |
| 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>**17.9%** | Percent of class represented by amount in Row (11)<br>**17.9%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**PN** | Type of Reporting Person (See Instructions)<br>**PN** | |

---

**Comment for Reporting Person:** The figures in Items 8, 10 and 11 include 9,750,000  Shares representing beneficial interests in Compass Diversified Holdings ("Shares") that may be acquired by the Reporting Persons within 60 days upon the exercise of call options to purchase Shares. The percentage in Item 13 is based upon 75,235,966 Shares outstanding as of May 1, 2026, according to the Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2026, filed by Compass Diversified Holdings (the "Issuer") with the U.S. Securities and Exchange Commission (the "SEC") on May 6, 2026.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**ADW Capital Management, LLC** | Name of reporting person<br>**ADW Capital Management, LLC** | |
| 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>**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>**13500000.00** |
| 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>**13500000.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**13500000.00** | Aggregate amount beneficially owned by each reporting person<br>**13500000.00** | |
| 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>**17.9%** | Percent of class represented by amount in Row (11)<br>**17.9%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**HC** | Type of Reporting Person (See Instructions)<br>**HC** | |

---

**Comment for Reporting Person:** The figures in Items 8, 10 and 11 include 9,750,000 Shares that may be acquired by the Reporting Persons within 60 days upon the exercise of call options to purchase Shares. The percentage in Item 13 is based upon 75,235,966 Shares outstanding as of May 1, 2026, according to the Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2026, filed by the Issuer with the SEC on May 6, 2026.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Adam D. Wyden** | Name of reporting person<br>**Adam D. Wyden** | |
| 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>**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>**13500000.00** |
| 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>**13500000.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**13500000.00** | Aggregate amount beneficially owned by each reporting person<br>**13500000.00** | |
| 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>**17.9%** | Percent of class represented by amount in Row (11)<br>**17.9%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** The figures in Items 8, 10 and 11 include 9,750,000 Shares that may be acquired by the Reporting Persons within 60 days upon the exercise of call options to purchase Shares. The percentage in Item 13 is based upon 75,235,966 Shares outstanding as of May 1, 2026, according to the Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2026, filed by the Issuer with the SEC on May 6, 2026.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Shares representing beneficial interests in Compass Diversified Holdings

**(b) Name of Issuer:**
COMPASS DIVERSIFIED HOLDINGS

**(c) Address of Issuer's Principal Executive Offices:**
301 Riverside Avenue, Second Floor, Westport, CT, 06880

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

**(a)**
Item 5 is hereby amended and restated in its entirety as follows:

"The aggregate number and percentage of the class of securities identified pursuant to Item 1 beneficially owned by each Reporting Person is stated in Items 11 and 13 on the cover pages hereto.

**(b)**
Number of shares as to which each Reporting Person has

(i)    sole power to vote or direct the vote:

        See Item 7 on the cover pages hereto.

(ii)   shared power to vote or direct the vote

        See Item 8 on the cover pages hereto.

(iii)  sole power to dispose or to direct the disposition of:

        See Item 9 on the cover pages hereto.

(iv)  shared power to dispose or to direct the disposition of:

        See Item 10 on the cover pages hereto.

**(c)**
The information set forth in Item 6 of this Schedule 13D is incorporated by reference. Other than as reported in Item 6 of this Schedule 13D, none of the Reporting Persons have effected any transaction in the Shares during the past 60 days or since the most recent filing of Schedule 13D, whichever is less.

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

Item 6 is hereby amended and supplemented as follows:

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

On May 7, 2026, ADW Capital Partners, L.P. purchased call options referencing an aggregate of 3,000,000 Shares. The call options have an exercise price of $10.00 per share and expire on January 15, 2027.

On May 7, 2026, ADW Capital Partners, L.P. sold call options referencing an aggregate of 3,000,000 Shares for approximately $7,356,648.  The call options have an exercise price of $20.00 per share and expire on January 15, 2027."

### 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:** ADW Capital Partners, L.P.

**Signature:** /s/ Adam D. Wyden

**Name/Title:** Sole Manager of ADW Capital Management, LLC, its general partner

**Date:** 05/11/2026

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:** ADW Capital Management, LLC

**Signature:** /s/ Adam D. Wyden

**Name/Title:** Sole Manager

**Date:** 05/11/2026

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:** Adam D. Wyden

**Signature:** /s/ Adam D. Wyden

**Name/Title:** Adam D. Wyden

**Date:** 05/11/2026