Donnelley Financial Solutions, Inc.: management transactions · United States · SEC (Form 4)

About Donnelley Financial Solutions, Inc.

Donnelley Financial Solutions, Inc. (NYSE: DFIN) is a U.S.-based provider of software, technology-enabled services, and document solutions focused on capital markets, compliance, and financial communications. Headquartered in Chicago, Illinois, United States, the company was formed in 2016 as part of the separation of R.R. Donnelley and began regular-way trading on the NYSE on October 3, 2016. For investors, DFIN sits in a specialized niche serving public companies, asset managers, banks, law firms, and other capital-markets participants that require mission-critical disclosure, filing, and transaction support. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1669811/000119312516712034/d153003dex991.htm?utm_source=openai)) DFIN’s business model has been evolving toward a more software-centric profile, while retaining meaningful service and print/distribution capabilities. Its core offerings include software solutions for capital markets and investment companies, tech-enabled services for transaction execution and regulatory workflows, and print and distribution services tied to disclosure and communications needs. The company highlights products such as Venue and ActiveDisclosure, which have been important growth drivers in recent periods. In 2025, software solutions accounted for about 47% of annual net sales, underscoring a richer mix and a higher recurring-revenue contribution than in prior years. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1669811/000119312526052959/dfin-ex99_1.htm)) From a competitive standpoint, DFIN benefits from deep domain expertise in securities regulation, capital-markets workflow automation, and secure digital communications. Its differentiators are less about scale alone and more about trust, compliance reliability, and integration into clients’ day-to-day filing and transaction processes. The company’s geographic footprint is primarily centered on the United States, with Chicago as its corporate base, but its customer relationships are global, reflecting the international nature of capital markets and regulatory reporting. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1669811/000119312516712034/d153003dex991.htm?utm_source=openai)) Recent developments point to a company that is executing on a strategic transformation while navigating uneven market conditions. On February 17, 2026, DFIN reported full-year 2025 net sales of $767.0 million, adjusted EBITDA of $239.8 million, and free cash flow of $107.8 million. Management emphasized stronger software and tech-enabled services performance, with fourth-quarter growth led by Venue and ActiveDisclosure, and noted an improvement in capital-markets transactional activity. In the 2026 proxy statement, the board said the company introduced two new software products and launched its first artificial intelligence solution in 2025, reinforcing the narrative of a software-first transition. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1669811/000119312526052959/dfin-ex99_1.htm))