# EDGAR Filing Document

**Accession Number:** 0001666071
**File Stem:** 0000921895-25-002345
**Filing Date:** 2025-8
**Character Count:** 19788
**Document Hash:** 2120dfdce6fcff2d044841a7b89832db
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000921895-25-002345.hdr.sgml**: 20250820

**ACCESSION NUMBER**: 0000921895-25-002345

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

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250820

**DATE AS OF CHANGE**: 20250820

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Cardlytics, Inc.
- **CENTRAL INDEX KEY:** 0001666071
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 263039436
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-90631
- **FILM NUMBER:** 251236741

**BUSINESS ADDRESS:**
- **STREET 1:** 675 PONCE DE LEON AVENUE, NE
- **STREET 2:** SUITE 4100
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30308
- **BUSINESS PHONE:** 888-798-5802

**MAIL ADDRESS:**
- **STREET 1:** 675 PONCE DE LEON AVENUE, NE
- **STREET 2:** SUITE 4100
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30308
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CAS Investment Partners, LLC
- **CENTRAL INDEX KEY:** 0001697591

**ORGANIZATION NAME:**
- **EIN:** 460901365
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** 8 WRIGHT STREET
- **STREET 2:** FLOOR 1
- **CITY:** WESTPORT
- **STATE:** CT
- **ZIP:** 06880
- **BUSINESS PHONE:** 212-804-7660

**MAIL ADDRESS:**
- **STREET 1:** 8 WRIGHT STREET
- **STREET 2:** FLOOR 1
- **CITY:** WESTPORT
- **STATE:** CT
- **ZIP:** 06880

## Ex-1

Exhibit 1

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

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;<u>Nature of Transaction</u> | &nbsp;&nbsp;Amount of Securities<u><br> Purchased/(Sold)</u> | &nbsp;&nbsp;<u>Price per Share ($)</u> | &nbsp;&nbsp;<u>Date of Purchase/Sale</u> |

---

**<u>SOSIN MASTER, LP</u>**

Sale of Common Stock (105,000) 1.1411 08/18/2025 <br> Sale of Common Stock (105,000) 1.1227 08/19/2025

**<u>CSWR PARTNERS, LP</u>**

Sale of Common Stock (95,000) 1.1411 08/18/2025 <br> Sale of Common Stock (95,000) 1.1227 08/19/2025

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

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 6)**

**Cardlytics, Inc.**

*(Name of Issuer)*

**Common Stock, par value $0.0001**

*(Title of Class of Securities)*

**14161W105**

*(CUSIP Number)*

**CLIFFORD SOSIN**<br>CAS INVESTMENT PARTNERS, LLC<br>8 Wright Street, Suite 107<br>Westport CT 06880<br>(212) 804-7660

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

**08/19/2025**

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

| **CUSIP No.** | **14161W105** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**CAS Investment Partners, LLC** | Name of reporting person<br>**CAS Investment Partners, LLC** | |
| 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>**5198067.00** |
| 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>**5198067.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**5198067.00** | Aggregate amount beneficially owned by each reporting person<br>**5198067.00** | |
| 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>**9.8%** | Percent of class represented by amount in Row (11)<br>**9.8%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IA** | Type of Reporting Person (See Instructions)<br>**IA** | |

---

| **CUSIP No.** | **14161W105** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**SOSIN MASTER, LP** | Name of reporting person<br>**SOSIN MASTER, LP** | |
| 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>**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>**3198584.00** |
| 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>**3198584.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**3198584.00** | Aggregate amount beneficially owned by each reporting person<br>**3198584.00** | |
| 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>**6.0%** | Percent of class represented by amount in Row (11)<br>**6.0%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**PN** | Type of Reporting Person (See Instructions)<br>**PN** | |

---

| **CUSIP No.** | **14161W105** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**CSWR PARTNERS, LP** | Name of reporting person<br>**CSWR PARTNERS, LP** | |
| 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>**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>**1999483.00** |
| 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>**1999483.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**1999483.00** | Aggregate amount beneficially owned by each reporting person<br>**1999483.00** | |
| 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>**3.8%** | Percent of class represented by amount in Row (11)<br>**3.8%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**PN** | Type of Reporting Person (See Instructions)<br>**PN** | |

---

| **CUSIP No.** | **14161W105** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**SOSIN LLC** | Name of reporting person<br>**SOSIN LLC** | |
| 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>**5198067.00** |
| 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>**5198067.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**5198067.00** | Aggregate amount beneficially owned by each reporting person<br>**5198067.00** | |
| 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>**9.8%** | Percent of class represented by amount in Row (11)<br>**9.8%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

| **CUSIP No.** | **14161W105** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**SOSIN CLIFFORD** | Name of reporting person<br>**SOSIN CLIFFORD** | |
| 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>**5198067.00** |
| 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>**5198067.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**5198067.00** | Aggregate amount beneficially owned by each reporting person<br>**5198067.00** | |
| 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>**9.8%** | Percent of class represented by amount in Row (11)<br>**9.8%** | |
| 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 $0.0001

**(b) Name of Issuer:**
Cardlytics, Inc.

**(c) Address of Issuer's Principal Executive Offices:**
675 PONCE DE LEON AVENUE, NE, SUITE 4100, ATLANTA, GA, 30308

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

**(a)**
Item 5(a) is hereby amended and restated to read as follows:

The aggregate percentage of Shares reported owned by each person named herein is based upon 53,236,901 Shares outstanding, which is the total number of Shares outstanding as of July 31, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 6, 2025.

The filing of this Schedule 13D shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer that he or it does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein that he or it does not directly own.

A. Sosin Master
As of the close of business on August 19, 2025, Sosin Master directly beneficially owned 3,198,584 Shares. Percentage: Approximately 6.0%

B. CSWR
As of the close of business on August 19, 2025, CSWR directly beneficially owned 1,999,483 Shares. Percentage: Approximately 3.8%

C. CAS Investment
As the investment manager of Sosin Master and CSWR, CAS Investment may be deemed the beneficial owner of the (i) 3,198,584 Shares owned by Sosin Master and (ii) 1,999,483 Shares owned by CSWR. Percentage: Approximately 9.8%

D. Sosin LLC
Sosin LLC, as the general partner of Sosin Master and CSWR, may be deemed the beneficial owner of the (i) 3,198,584 Shares owned by Sosin Master and (ii) 1,999,483 Shares owned by CSWR. Percentage: Approximately 9.8%

E. Mr. Sosin
Mr. Sosin, as the managing member of CAS Investment, may be deemed the beneficial owner of the (i) 3,198,584 Shares owned by Sosin Master and (ii) 1,999,483 Shares owned by CSWR. Percentage: Approximately 9.8%

**(b)**
Item 5(b) is hereby amended and restated to read as follows:

A. Sosin Master
1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 3,198,584
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 3,198,584

B. CSWR
1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 1,999,483
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 1,999,483

C. CAS Investment
1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 5,198,067
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 5,198,067

D. Sosin LLC
1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 5,198,067
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 5,198,067

E. Mr. Sosin
1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 5,198,067
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 5,198,067

**(c)**
Item 5(c) is hereby amended and restated to read as follows:

A. Sosin Master
The open market transactions in the Shares by Sosin Master during the past sixty days are set forth in Exhibit 1 and are incorporated herein by reference.

Effective June 30, 2025, Sosin Master engaged in a pro rata distribution of 15,855 Shares to its partners for no consideration.

B. CSWR
The open market transactions in the Shares by CSWR during the past sixty days are set forth in Exhibit 1 and are incorporated herein by reference.

C. CAS Investment
CAS Investment has not entered into any transactions in the Shares during the past sixty days. Reference is made to Items 5(c)(A) and (B) for a description of the transactions in the securities of the Issuer on behalf of Sosin Master and CSWR during the past sixty days.

D. Sosin LLC
Sosin LLC has not entered into any transactions in the Shares during the past sixty days. Reference is made to Items 5(c)(A) and (B) for a description of the transactions in the securities of the Issuer on behalf of Sosin Master and CSWR during the past sixty days.

E. Mr. Sosin
Mr. Sosin has not entered into any transactions in the Shares during the past sixty days. Reference is made to Items 5(c)(A) and (B) for a description of the transactions in the securities of the Issuer on behalf of Sosin Master and CSWR during the past sixty days.

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

Item 6 is hereby amended to add the following:

On June 30, 2025, Sosin Master engaged in a pro rata distribution of $57,000 of the Notes to its partners for no consideration. Accordingly, Sosin Master directly holds $13,741,366 principal amount of the Notes and CSWR directly holds $7,501,634 principal amount of the Notes. As the Issuer has the option, at its sole discretion, to settle conversions of the Notes in cash, Shares or a combination of cash and Shares, the Reporting Persons are not deemed to be beneficial owners of any Shares underlying the Notes as the Reporting Persons do not have the right to acquire such underlying Shares.

### 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:** CAS Investment Partners, LLC

**Signature:** /s/ Clifford Sosin

**Name/Title:** Clifford Sosin, Managing Member

**Date:** 08/20/2025

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:** SOSIN MASTER, LP

**Signature:** /s/ Clifford Sosin

**Name/Title:** Clifford Sosin, Managing Member of CAS Investment Partners, LLC, Investment Adviser of Sosin Master, LP

**Date:** 08/20/2025

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:** CSWR PARTNERS, LP

**Signature:** /s/ Clifford Sosin

**Name/Title:** Clifford Sosin, Managing Member of CAS Investment Partners, LLC, Investment Adviser of CSWR Partners, LP

**Date:** 08/20/2025

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:** SOSIN LLC

**Signature:** /s/ Clifford Sosin

**Name/Title:** Clifford Sosin, Managing Member of CAS Investment Partners, LLC, Investment Adviser of Sosin Master, LP and CSWR Partners, LP

**Date:** 08/20/2025

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:** SOSIN CLIFFORD

**Signature:** /s/ Clifford Sosin

**Name/Title:** Clifford Sosin

**Date:** 08/20/2025