<SEC-DOCUMENT>0000902664-25-003413.txt : 20250807
<SEC-HEADER>0000902664-25-003413.hdr.sgml : 20250807
<ACCEPTANCE-DATETIME>20250807163011
ACCESSION NUMBER:		0000902664-25-003413
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20250728
FILED AS OF DATE:		20250807
DATE AS OF CHANGE:		20250807

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Altai Capital Management, L.P.
		CENTRAL INDEX KEY:			0001478982
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34108
		FILM NUMBER:		251194643

	BUSINESS ADDRESS:	
		STREET 1:		9040 SUNSET BLVD #1004
		CITY:			WEST HOLLYWOOD
		STATE:			CA
		ZIP:			90069
		BUSINESS PHONE:		949-326-9611

	MAIL ADDRESS:	
		STREET 1:		PO BOX 15203
		CITY:			IRVINE
		STATE:			CA
		ZIP:			92623-9998

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Digimarc CORP
		CENTRAL INDEX KEY:			0001438231
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
		ORGANIZATION NAME:           	06 Technology
		EIN:				262828185
		STATE OF INCORPORATION:			OR
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		8500 SW CREEKSIDE PLACE
		CITY:			BEAVERTON
		STATE:			OR
		ZIP:			97008
		BUSINESS PHONE:		503-469-4800

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

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DMRC CORP
		DATE OF NAME CHANGE:	20080620
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>ownership.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2025-07-28</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001438231</issuerCik>
        <issuerName>Digimarc CORP</issuerName>
        <issuerTradingSymbol>DMRC</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001478982</rptOwnerCik>
            <rptOwnerName>Altai Capital Management, L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>PO BOX 15203</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>IRVINE</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>92623-9998</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>1</isOther>
            <officerTitle></officerTitle>
            <otherText>See Remarks</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, par value $0.001 per share (&quot;Common Stock&quot;)</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2769346</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Altai Capital Management, L.P. (the &quot;Investment Manager&quot; or the &quot;Reporting Person&quot;) is a private money management firm which beneficially owns the securities reported herein through various accounts under its management and control. Altai Capital Management, LLC (&quot;IMGP&quot;) is the general partner of the Investment Manager. Rishi Bajaj (&quot;Mr. Bajaj&quot;) is the President and Chief Investment Officer of the Investment Manager and managing member of IMGP. The Investment Manager, IMGP and Mr. Bajaj disclaim any beneficial ownership of any of the Issuer's securities reported herein except to the extent of their pecuniary interest therein, if any.</footnote>
    </footnotes>

    <remarks>The Reporting Person may be deemed to be a director by deputization for purposes of Section 16 under the Securities Exchange Act of 1934 by virtue of the fact that Mr. Bajaj currently serves on the board of directors of the Issuer.</remarks>

    <ownerSignature>
        <signatureName>/s/ Altai Capital Management, L.P., by Rishi Bajaj, President and Chief Investment Officer</signatureName>
        <signatureDate>2025-08-07</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
