# EDGAR Filing Document

**Accession Number:** 0001827235
**File Stem:** 0000905148-26-002996
**Filing Date:** 2026-6
**Character Count:** 16281
**Document Hash:** 2e840e462da03d8f2523d6f2831bb39f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000905148-26-002996.hdr.sgml**: 20260618

**ACCESSION NUMBER**: 0000905148-26-002996

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

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260618

**DATE AS OF CHANGE**: 20260618

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Digimarc Corp
- **CENTRAL INDEX KEY:** 0002119322
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 414528284
- **STATE OF INCORPORATION:** OR
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-95766
- **FILM NUMBER:** 261104334

**BUSINESS ADDRESS:**
- **STREET 1:** 8500 SW CREEKSIDE PLACE
- **CITY:** BEAVERTON
- **STATE:** OR
- **ZIP:** 97008
- **BUSINESS PHONE:** 503 469 4721

**MAIL ADDRESS:**
- **STREET 1:** 8500 SW CREEKSIDE PLACE
- **CITY:** BEAVERTON
- **STATE:** OR
- **ZIP:** 97008

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Digimarc Parent, Inc.
- **DATE OF NAME CHANGE:** 20260313

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Deschutes Parent, Inc.
- **DATE OF NAME CHANGE:** 20260311
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TCM Strategic Partners L.P.
- **CENTRAL INDEX KEY:** 0001827235

**ORGANIZATION NAME:**
- **EIN:** 852133964
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** 26 TAHITI BEACH ISLAND ROAD
- **CITY:** CORAL GABLES
- **STATE:** FL
- **ZIP:** 33143
- **BUSINESS PHONE:** 305-631-2754

**MAIL ADDRESS:**
- **STREET 1:** 26 TAHITI BEACH ISLAND ROAD
- **CITY:** CORAL GABLES
- **STATE:** FL
- **ZIP:** 33143

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

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 3)**

**Digimarc Corp**

*(Name of Issuer)*

**Common Stock, par value $0.001 per share**

*(Title of Class of Securities)*

**—**

*(CUSIP Number)*

**Riley McCormack**<br>8500 SW CREEKSIDE PLACE<br>BEAVERTON OR 97008<br>(305) 631-2754

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

**06/16/2026**

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

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**TCM Strategic Partners L.P.** | Name of reporting person<br>**TCM Strategic Partners 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>**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>**0.00** |
| 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>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**0.00** | Aggregate amount beneficially owned by each reporting person<br>**0.00** | |
| 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>**0%** | Percent of class represented by amount in Row (11)<br>**0%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**PN** | Type of Reporting Person (See Instructions)<br>**PN** | |

---

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**TCM Strategic GP LLC** | Name of reporting person<br>**TCM Strategic GP 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>**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>**0.00** |
| 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>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**0.00** | Aggregate amount beneficially owned by each reporting person<br>**0.00** | |
| 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>**0%** | Percent of class represented by amount in Row (11)<br>**0%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**HC** | Type of Reporting Person (See Instructions)<br>**HC** | |

---

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**mccormack riley** | Name of reporting person<br>**mccormack riley** | |
| 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>**64659.00** |
| 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>**64659.00** |
| 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>**64659.00** | Aggregate amount beneficially owned by each reporting person<br>**64659.00** | |
| 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>**0.3%** | Percent of class represented by amount in Row (11)<br>**0.3%** | |
| 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 $0.001 per share

**(b) Name of Issuer:**
Digimarc Corp

**(c) Address of Issuer's Principal Executive Offices:**
8500 SW CREEKSIDE PLACE, BEAVERTON, OR, 97008

This Amendment No. 3 to Schedule 13D (this "Amendment No. 3") amends and supplements the Schedule 13D filed on October 5, 2020, as amended by Amendment No. 1 filed on December 16, 2020 and Amendment No. 2 filed on March 19, 2025 (collectively, the "Schedule 13D") by the Reporting Persons, relating to the shares of common stock, par value $0.001 per share ("Common Stock"), of Digimarc Corporation (the "Issuer" or the "Company"). Each Item below amends and supplements the information disclosed under the corresponding Item of the Schedule 13D. Except as specifically provided herein, this Amendment No. 3 does not modify any of the information previously reported in the Schedule 13D. Capitalized terms used but not defined in this Amendment No. 3 shall have the same meaning given to such terms in the Schedule 13D.

On May 15, 2026, Digimarc Parent, Inc. (which subsequently changed its name to Digimarc Corporation effective May 21, 2026) ("New Digimarc") became the successor of Digimarc Corporation (which became a wholly-owned subsidiary of New Digimarc) ("Old Digimarc") pursuant to an agreement and plan of reorganization, including an agreement and plan of merger attached thereto (the "Reorganization Agreement"). The merger and reorganization resulted in New Digimarc's becoming a parent holding company of Old Digimarc, but did not alter the proportionate interests of security holders.  Accordingly, this Amendment No. 3 is filed under the CIK for New Digimarc, but the original Schedule 13D, Amendment No. 1 and Amendment No. 2 were filed under the CIK for Old Digimarc.

**Item 4. Purpose of Transaction**

Item 4 of the Schedule 13D is hereby amended and supplemented by the following:

The responses to Item 1 Comment, Item 3, Item 5(c) and Item 6 of this Amendment No. 3 are hereby incorporated by reference herein.

On June 16, 2026, TCM Partners made an in-kind distribution of an aggregate 2,275,737 shares of Common Stock to its limited partners and its general partner, proportionately based on their respective limited partnership interests, for no consideration, including 3,512 shares of Common Stock that were distributed to TCM GP, whose sole manager is Mr. McCormack. Also on June 16, 2026, TCM Partners transferred an additional 79,356 shares of Common Stock to its investment manager, TCM Strategic L.P., which is wholly-owned by Mr. McCormack.

Effective July 5, 2026, Mr. McCormack's service as President and Chief Executive Officer of the Company will conclude. In connection with this transition, and pursuant to the terms of his existing agreements, Mr. McCormack will be entitled to severance benefits, including certain accelerated equity vesting and health benefit stipends. Mr. McCormack will remain on the Company's Board of Directors.

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

**(a)**
Item 5(a) of the Schedule 13D is hereby amended and restated in its entirety as follows:

As of the date hereof, TCM Partners may be deemed to beneficially own 0 shares of Common Stock, TCM GP may be deemed to beneficially own 0 shares of Common Stock, and Mr. McCormack may be deemed to beneficially own 64,659 shares of Common Stock, representing approximately 0.3% of the shares of Common Stock outstanding. The percentage set forth herein is calculated based on 22,327,310 shares of Common Stock outstanding as of June 5, 2026, as set forth in the Company's prospectus on Form 424B5 filed on June 8, 2026.

**(b)**
Item 5(b) of the Schedule 13D is hereby amended and restated in its entirety as follows:

As of the date hereof, each of TCM Partners and TCM GP may be deemed to have shared power to vote or to direct the vote, and shared power to dispose or to direct the disposition, of 0 shares of Common Stock.

As of the date hereof, Mr. McCormack may be deemed to have sole power to vote or to direct the vote, and sole power to dispose or to direct the disposition, of the 64,659 shares of Common Stock directly owned by him.

**(c)**
Item 5(c) of the Schedule 13D is hereby amended and restated in its entirety as follows:

The responses to Item 3 and Item 4 of this Amendment No. 3 are hereby incorporated by reference herein.

On June 16, 2026, TCM Strategic L.P. sold 69,363 shares of Common Stock in the open market, through a broker, in multiple transactions at prices ranging from $10.50 to $11.355, inclusive, with a weighted average price of $10.8337 per share. Also on June 16, 2026, TCM GP sold 3,512 shares of Common Stock in the open market, through a broker, in multiple transactions at prices ranging from $10.72 to $11.345, inclusive, with a weighted average price of $10.9602 per share.

On June 17, 2026, TCM Strategic L.P. sold 15,003 shares of Common Stock in the open market, through a broker, in multiple transactions at prices ranging from $9.85 to $10.79, inclusive, with a weighted average price of $10.0464 per share.

On June 18, 2026, TCM Strategic L.P. sold 27,071 shares of Common Stock in the open market, through a broker, in multiple transactions at prices ranging from $9.30 to $9.755, inclusive, with a weighted average price of $9.4622 per share.

Other than as set forth herein, no transactions in the Company's securities have been effected by the Reporting Persons during the past 60 days.

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

Item 6 of the Schedule 13D is hereby amended and supplemented as follows:

LTIP Unit Award Agreement

On May 19, 2026, Mr. McCormack entered into an LTIP unit award agreement (the "LTIP Unit Award Agreement") with Digimarc LLC, an Oregon limited liability company, of which the Issuer is the Managing Member and majority owner. Pursuant to the LTIP Unit Award Agreement, LTIP Units are convertible, after certain appreciation and vesting conditions are met, into Common Units of Digimarc LLC. The vesting terms of the LTIP Units awarded to Mr. McCormark are as follows, each subject to Mr. McCormack's continued service through the applicable vesting date: (i) 61,250 of the LTIP Units vested upon grant; (ii) 30,625 LTIP Units vest on June 30, 2026, and on each subsequent calendar quarter end through September 30, 2028; and (iii) 682,500 LTIP Units vest in incremental tranches upon the Issuer's Common Stock achieving specified 20-consecutive-trading-day average closing price thresholds during the performance period from December 1, 2025, through and including December 31, 2029, with 20% vesting at $20.00, 30% vesting at $30.00, 30% vesting at $42.50 and 20% vesting at $55.00. Acceleration of vesting can occur upon certain events such as termination of employment.

The foregoing description of the LTIP Unit Award Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the LTIP Unit Award Agreement, a form of which is filed as an exhibit hereto and 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:** TCM Strategic Partners L.P.

**Signature:** /s/ Riley McCormack

**Name/Title:** Riley McCormack, Manager of TCM Strategic GP LLC, its General Partner

**Date:** 06/18/2026

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:** TCM Strategic GP LLC

**Signature:** /s/ Riley McCormack

**Name/Title:** Riley McCormack, Manager

**Date:** 06/18/2026

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:** mccormack riley

**Signature:** /s/ Riley McCormack

**Name/Title:** Riley McCormack

**Date:** 06/18/2026