Starboard Value SC 13D/A Cyxtera / Starboard Value ownership change

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 3)*

Cyxtera Technologies, Inc.

(f/k/a Starboard Value Acquisition Corp.)

(Name of Issuer)

Class A common stock, par value $0.0001 per share

(Title of Class of Securities)

23284C 102

(CUSIP NUMBER)

Jeffrey C. Smith

Starboard Value LP

777 Third Avenue, 18th Floor

New York, New York 10017

(212) 845-7977

COPIES TO:

Jason Daniel

Akin Gump Strauss Hauer & Feld LLP

2300 N. Field Street

Suite 1800

Dallas, TX 75201

(214) 969-4209

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

January 21, 2022

(Date of event which requires filing of this statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g) check the following box ◻.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the “Act”), or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.

CUSIP No. 23284C102

1		NAME OF REPORTING PERSONS Starboard Value LP
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ◻ (b) ◻
3		SEC USE ONLY
4		SOURCE OF FUNDS* OO
5		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ◻
6		CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH			7	SOLE VOTING POWER 20,767,571
			8	SHARED VOTING POWER 0
			9	SOLE DISPOSITIVE POWER 20,767,571
			10	SHARED DISPOSITIVE POWER 0
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 20,767,571
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ◻
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5(a)) 12.2%
14	TYPE OF REPORTING PERSON* PN

CUSIP No. 23284C102

1		NAME OF REPORTING PERSONS Starboard Value and Opportunity Master Fund Ltd
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ◻ (b) ◻
3		SEC USE ONLY
4		SOURCE OF FUNDS* WC
5		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ◻
6		CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH			7	SOLE VOTING POWER 11,602,587
			8	SHARED VOTING POWER 0
			9	SOLE DISPOSITIVE POWER 11,602,587
			10	SHARED DISPOSITIVE POWER 0
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,602,587
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ◻
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5(a)) 6.8%
14	TYPE OF REPORTING PERSON* CO

CUSIP No. 23284C102

1		NAME OF REPORTING PERSONS Starboard Value and Opportunity S LLC
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ◻ (b) ◻
3		SEC USE ONLY
4		SOURCE OF FUNDS* WC
5		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ◻
6		CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH			7	SOLE VOTING POWER 2,054,489
			8	SHARED VOTING POWER 0
			9	SOLE DISPOSITIVE POWER 2,054,489
			10	SHARED DISPOSITIVE POWER 0
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,054,489
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ◻
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5(a)) 1.2%
14	TYPE OF REPORTING PERSON* OO

CUSIP No. 23284C102

1		NAME OF REPORTING PERSONS Starboard Value and Opportunity C LP
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ◻ (b) ◻
3		SEC USE ONLY
4		SOURCE OF FUNDS* WC
5		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ◻
6		CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH			7	SOLE VOTING POWER 1,221,537
			8	SHARED VOTING POWER 0
			9	SOLE DISPOSITIVE POWER 1,221,537
			10	SHARED DISPOSITIVE POWER 0
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,221,537
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ◻
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5(a)) Less than 1%
14	TYPE OF REPORTING PERSON* PN

CUSIP No. 23284C 102

1		NAME OF REPORTING PERSONS Starboard Value R LP
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ◻ (b) ◻
3		SEC USE ONLY
4		SOURCE OF FUNDS* OO
5		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ◻
6		CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH			7	SOLE VOTING POWER 1,221,537
			8	SHARED VOTING POWER 0
			9	SOLE DISPOSITIVE POWER 1,221,537
			10	SHARED DISPOSITIVE POWER 0
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,221,537
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ◻
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5(a)) Less than 1%
14	TYPE OF REPORTING PERSON* PN

CUSIP No. 23284C102

1		NAME OF REPORTING PERSONS Starboard Value R GP LLC
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ◻ (b) ◻
3		SEC USE ONLY
4		SOURCE OF FUNDS* OO
5		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ◻
6		CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH			7	SOLE VOTING POWER 2,160,345
			8	SHARED VOTING POWER 0
			9	SOLE DISPOSITIVE POWER 2,160,345
			10	SHARED DISPOSITIVE POWER 0
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,160,345
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ◻
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5(a)) 1.3%
14	TYPE OF REPORTING PERSON* OO

CUSIP No. 23284C102

1		NAME OF REPORTING PERSONS Starboard Value and Opportunity Master Fund L LP
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ◻ (b) ◻
3		SEC USE ONLY
4		SOURCE OF FUNDS* WC
5		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ◻
6		CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH			7	SOLE VOTING POWER 938,808
			8	SHARED VOTING POWER 0
			9	SOLE DISPOSITIVE POWER 938,808
			10	SHARED DISPOSITIVE POWER 0
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 938,808
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ◻
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5(a)) Less than 1%
14	TYPE OF REPORTING PERSON* PN

CUSIP No. 23284C102

1		NAME OF REPORTING PERSONS Starboard Value L LP
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ◻ (b) ◻
3		SEC USE ONLY
4		SOURCE OF FUNDS* OO
5		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ◻
6		CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH			7	SOLE VOTING POWER 938,808
			8	SHARED VOTING POWER 0
			9	SOLE DISPOSITIVE POWER 938,808
			10	SHARED DISPOSITIVE POWER 0
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 938,808
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ◻
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5(a)) Less than 1%
14	TYPE OF REPORTING PERSON* PN

CUSIP No. 23284C102

1		NAME OF REPORTING PERSONS Starboard X Master Fund Ltd
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ◻ (b) ◻
3		SEC USE ONLY
4		SOURCE OF FUNDS* WC
5		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ◻
6		CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH			7	SOLE VOTING POWER 1,650,431
			8	SHARED VOTING POWER 0
			9	SOLE DISPOSITIVE POWER 1,650,431
			10	SHARED DISPOSITIVE POWER 0
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,650,431
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ◻
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5(a)) Less than 1%
14	TYPE OF REPORTING PERSON* CO

CUSIP No. 23284C 102

1		NAME OF REPORTING PERSONS Starboard Value GP LLC
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ◻ (b) ◻
3		SEC USE ONLY
4		SOURCE OF FUNDS* OO
5		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ◻
6		CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH			7	SOLE VOTING POWER 20,767,571
			8	SHARED VOTING POWER 0
			9	SOLE DISPOSITIVE POWER 20,767,571
			10	SHARED DISPOSITIVE POWER 0
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 20,767,571
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ◻
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5(a)) 12.2%
14	TYPE OF REPORTING PERSON* OO

CUSIP No. 23284C102

1		NAME OF REPORTING PERSONS Starboard Principal Co LP
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ◻ (b) ◻
3		SEC USE ONLY
4		SOURCE OF FUNDS* OO
5		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ◻
6		CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH			7	SOLE VOTING POWER 20,767,571
			8	SHARED VOTING POWER 0
			9	SOLE DISPOSITIVE POWER 20,767,571
			10	SHARED DISPOSITIVE POWER 0
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 20,767,571
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ◻
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5(a)) 12.2%
14	TYPE OF REPORTING PERSON* PN

CUSIP No. 23284C102

1		NAME OF REPORTING PERSONS Starboard Principal Co GP LLC
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ◻ (b) ◻
3		SEC USE ONLY
4		SOURCE OF FUNDS* OO
5		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ◻
6		CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH			7	SOLE VOTING POWER 20,767,571
			8	SHARED VOTING POWER 0
			9	SOLE DISPOSITIVE POWER 20,767,571
			10	SHARED DISPOSITIVE POWER 0
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 20,767,571
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ◻
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5(a)) 12.2%
14	TYPE OF REPORTING PERSON* OO

CUSIP No. 23284C 102

1		NAME OF REPORTING PERSONS Jeffrey C. Smith
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ◻ (b) ◻
3		SEC USE ONLY
4		SOURCE OF FUNDS* OO
5		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ◻
6		CITIZENSHIP OR PLACE OF ORGANIZATION United States
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH			7	SOLE VOTING POWER 0
			8	SHARED VOTING POWER 20,767,571
			9	SOLE DISPOSITIVE POWER 0
			10	SHARED DISPOSITIVE POWER 20,767,571
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 20,767,571
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ◻
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5(a)) 12.2%
14	TYPE OF REPORTING PERSON* IN

CUSIP No. 23284C102

1		NAME OF REPORTING PERSONS Peter A. Feld
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ◻ (b) ◻
3		SEC USE ONLY
4		SOURCE OF FUNDS* OO
5		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ◻
6		CITIZENSHIP OR PLACE OF ORGANIZATION United States
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH			7	SOLE VOTING POWER 0
			8	SHARED VOTING POWER 20,767,571
			9	SOLE DISPOSITIVE POWER 0
			10	SHARED DISPOSITIVE POWER 20,767,571
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 20,767,571
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ◻
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5(a)) 12.2%
14	TYPE OF REPORTING PERSON* IN

CUSIP No. 23284C102

1		NAME OF REPORTING PERSONS SVAC Sponsor LLC
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ◻ (b) ◻
3		SEC USE ONLY
4		SOURCE OF FUNDS* WC
5		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ◻
6		CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH			7	SOLE VOTING POWER 11,262,341
			8	SHARED VOTING POWER 0
			9	SOLE DISPOSITIVE POWER 11,262,341
			10	SHARED DISPOSITIVE POWER 0
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,262,341
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ◻
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5(a)) 6.6%
14	TYPE OF REPORTING PERSON* OO

CUSIP No. 23284C 102

1		NAME OF REPORTING PERSONS SVAC Manager LLC
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ◻ (b) ◻
3		SEC USE ONLY
4		SOURCE OF FUNDS* WC
5		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ◻
6		CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH			7	SOLE VOTING POWER 11,262,341
			8	SHARED VOTING POWER 0
			9	SOLE DISPOSITIVE POWER 11,262,341
			10	SHARED DISPOSITIVE POWER 0
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,262,341
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ◻
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5(a)) 6.6%
14	TYPE OF REPORTING PERSON* OO

CUSIP No. 23284C 102

1		NAME OF REPORTING PERSONS Martin D. McNulty, Jr.
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ◻ (b) ◻
3		SEC USE ONLY
4		SOURCE OF FUNDS* OO
5		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ◻
6		CITIZENSHIP OR PLACE OF ORGANIZATION United States
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH			7	SOLE VOTING POWER 0
			8	SHARED VOTING POWER 505,150
			9	SOLE DISPOSITIVE POWER 0
			10	SHARED DISPOSITIVE POWER 505,150
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 505,150
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ◻
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5(a)) Less than 1%
14	TYPE OF REPORTING PERSON* IN

The following constitutes Amendment No. 3 to the Schedule 13D filed by the undersigned (“Amendment No. 3”). This Amendment No. 3 amends the Schedule 13D as specifically set forth herein.

Item 4. Purpose of Transaction.

Item 4 is hereby amended to add the following:

On January 21, 2022, all of the Starboard Clients gave notice of the exercise of all of their rights under the Optional Share Purchase Agreement. The Optional Shares will settle as of January 31, 2022.

Item 5. Interest in Securities of the Issuer.

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

The information in Item 4 is incorporated herein by reference.

(a) and (b) Items 7 through 11 and 13 of each of the cover pages of this Schedule 13D are incorporated herein by reference. The Optional Shares that will be issued to the Starboard Clients due to the exercise of the rights under the Optional Share Purchase Agreement have been added to the number of Shares issued and outstanding. The below information is based on the number of Shares reported as issued and outstanding as of November 12, 2021 in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (the “SEC”) on November 15, 2021 plus the Shares issued in connection with the cashless exercise of the Warrants.

As described in Item 4, the Reporting Persons may be deemed the beneficial owner of the following:

A.	Starboard V&O Fund

	(a)	As of the close of business on January 24, 2022, Starboard V&O Fund beneficially owned 11,602,587 Shares.

		Percentage: 6.8%


	(b)	1. Sole power to vote or direct vote: 11,602,587 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 11,602,587 4. Shared power to dispose or direct the disposition: 0

B.	Starboard S LLC

	(a)	As of the close of business on January 24, 2022, Starboard S LLC beneficially owned 2,054,489 Shares.

		Percentage: 1.2%

	(b)	1. Sole power to vote or direct vote: 2,054,489 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 2,054,489 4. Shared power to dispose or direct the disposition: 0

C.	Starboard C LP

	(a)	As of the close of business on January 24, 2022, Starboard C LP beneficially owned 1,221,537 Shares.

		Percentage: Less than 1%

	(b)		1. Sole power to vote or direct vote: 1,221,537 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 1,221,537 4. Shared power to dispose or direct the disposition: 0

D.	Starboard L Master

	(a)	As of the close of business on January 24, 2022, Starboard L Master beneficially owned 938,808 Shares.

		Percentage: Less than 1%

	(b)	1. Sole power to vote or direct vote: 938,808 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 938,808 4. Shared power to dispose or direct the disposition: 0

E.	Starboard L LP

	(a)	Starboard L LP, as the general partner of Starboard L Master, may be deemed the beneficial owner of the 938,808 Shares owned by Starboard L Master.

		Percentage: Less than 1%

	(b)	1. Sole power to vote or direct vote: 938,808 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 938,808 4. Shared power to dispose or direct the disposition: 0

F.	Starboard R LP

	(a)	Starboard R LP, as the general partner of Starboard C LP, may be deemed the beneficial owner of the 1,221,537 Shares beneficially owned by Starboard C LP.

		Percentage: Less than 1%

	(b)	1. Sole power to vote or direct vote: 1,221,537 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 1,221,537 4. Shared power to dispose or direct the disposition: 0

G.	Starboard R GP

	(a)	Starboard R GP, as the general partner of Starboard R LP and Starboard L LP, may be deemed the beneficial owner of the (i) 1,221,537 Shares owned by Starboard C LP and (ii) 938,808 Shares owned by Starboard L Master.

		Percentage: 1.3%

	(b)	1. Sole power to vote or direct vote: 2,160,345 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 2,160,345 4. Shared power to dispose or direct the disposition: 0

H.	Starboard X Master

	(a)	As of the close of business on January 24, 2022, Starboard X Master beneficially owned 1,650,431 Shares.

		Percentage: 1.0%

	(b)	1. Sole power to vote or direct vote: 1,650,431 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 1,650,431 4. Shared power to dispose or direct the disposition: 0

I.	Starboard Value LP

	(a)	Starboard Value LP may be deemed the beneficial owner of 20,767,571 Shares. Starboard Value LP, as the investment manager of Starboard V&O Fund, Starboard C LP, Starboard L Master, Starboard X Master and the Starboard Value LP Account and the manager of Starboard S LLC, may be deemed the beneficial owner of the (i) 11,602,587 Shares beneficially owned by Starboard V&O Fund, (ii) 2,054,489 Shares beneficially owned by Starboard S LLC, (iii) 1,221,537 Shares beneficially owned by Starboard C LP, (iv) 938,808 Shares owned by Starboard L Master, (v) 1,650,431 Shares owned by Starboard X Master and (vi) 3,529,991 Shares, through the Starboard Value LP Account.

		Percentage: 12.2%

	(b)	1. Sole power to vote or direct vote: 20,767,571 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 20,767,571 4. Shared power to dispose or direct the disposition: 0

J.	Starboard Value GP

	(a)	Starboard Value GP, as the general partner of Starboard Value LP, may be deemed the beneficial owner of 20,767,571 Shares, comprised of the (i) 11,602,587 Shares beneficially owned by Starboard V&O Fund, (ii) 2,054,489 Shares beneficially owned by Starboard S LLC, (iii) 1,221,537 Shares beneficially owned by Starboard C LP, (iv) 938,808 Shares owned by Starboard L Master, (v) 1,650,431 Shares owned by Starboard X Master and (vi) 3,529,991 Shares, through the Starboard Value LP Account.

		Percentage: 12.2%

	(b)	1. Sole power to vote or direct vote: 20,767,571 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 20,767,571 4. Shared power to dispose or direct the disposition: 0

K.	Principal Co

	(a)	Principal Co, as a member of Starboard Value GP, may be deemed the beneficial owner of 22,130,128 Shares, comprised of the (i) 11,602,587 Shares beneficially owned by Starboard V&O Fund, (ii) 2,054,489 Shares beneficially owned by Starboard S LLC, (iii) 1,221,537 Shares beneficially owned by Starboard C LP, (iv) 938,808 Shares owned by Starboard L Master, (v) 1,650,431 Shares owned by Starboard X Master and (vi) 3,529,991 Shares, through the Starboard Value LP Account.

		Percentage: 12.2%

	(b)	1. Sole power to vote or direct vote: 20,767,571 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 20,767,571 4. Shared power to dispose or direct the disposition: 0

L.	Principal GP

	(a)	Principal GP, as the general partner of Principal Co, may be deemed the beneficial owner 20,767,571 Shares, comprised of the (i) 11,602,587 Shares beneficially owned by Starboard V&O Fund, (ii) 2,054,489 Shares beneficially owned by Starboard S LLC, (iii) 1,221,537 Shares beneficially owned by Starboard C LP, (iv) 938,808 Shares owned by Starboard L Master, (v) 1,650,431 Shares owned by Starboard X Master and (vi) 3,529,991 Shares, through the Starboard Value LP Account.

		Percentage: 12.2%

	(b)	1. Sole power to vote or direct vote: 20,767,571 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 20,767,571 4. Shared power to dispose or direct the disposition: 0

M.	Mr. Smith

	(a)	Mr. Smith may be deemed the beneficial owner of 20,767,571 Shares. Mr. Smith, as a member of Principal GP and as a member of each of the Management Committee of Starboard Value GP and the Management Committee of Principal GP, may be deemed the beneficial owner of the (i) 11,602,587 Shares beneficially owned by Starboard V&O Fund, (ii) 2,054,489 Shares beneficially owned by Starboard S LLC, (iii) 1,221,537 Shares beneficially owned by Starboard C LP, (iv) 938,808 Shares owned by Starboard L Master, (v) 1,650,431 Shares owned by Starboard X Master and (vi) 3,529,991 Shares, through the Starboard Value LP Account.

		Percentage: 12.2%

	(b)	1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 20,767,571 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 20,767,571

N.	Mr. Feld

	(a)	Mr. Feld may be deemed the beneficial owner of 20,767,571 Shares. Mr. Feld, as a member of Principal GP and as a member of each of the Management Committee of Starboard Value GP and the Management Committee of Principal GP, may be deemed the beneficial owner of the (i) 11,602,587 Shares beneficially owned by Starboard V&O Fund, (ii) 2,054,489 Shares beneficially owned by Starboard S LLC, (iii) 1,221,537 Shares beneficially owned by Starboard C LP, (iv) 938,808 Shares owned by Starboard L Master, (v) 1,650,431 Shares owned by Starboard X Master and (vi) 3,529,991 Shares, through the Starboard Value LP Account.

		Percentage: 12.2%

	(b)	1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 20,767,571 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 20,767,571

O.	SVAC Sponsor LLC

	(a)	As of the close of business on January 24, 2022, SVAC Sponsor LLC beneficially owned 11,262,341 Shares.

		Percentage: 6.6%

	(b)	1. Sole power to vote or direct vote: 11,262,341 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 11,262,341 4. Shared power to dispose or direct the disposition: 0 Pursuant to the Stockholder’s Agreement, the Sponsor, SIS, the BC Stockholder and the Medina Stockholder may be deemed to be a group. Based on publicly available information, if the Investor Parties were a group, such group would be deemed to own 121,112,341, or 69.6%.

P.	SVAC Manager LLC

	(a)	SVAC Manager LLC, as the manager of the Sponsor, may be deemed the beneficial owner of the 11,262,341 Shares owned by the Sponsor.

		Percentage: 6.6%

	(b)	1. Sole power to vote or direct vote: 11,262,341 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 11,262,341 4. Shared power to dispose or direct the disposition: 0

Q.	Mr. McNulty

	(a)	Mr. McNulty is the beneficial owner of 505,150.
		Percentage: 0.3%

	(b)	1. Sole power to vote or direct vote: 505,150 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 505,150 4. Shared power to dispose or direct the disposition: 0 The Reporting Persons may be deemed to be a group. If the Reporting Persons were a group, such group would beneficially own 32,535,062 Shares, or 19.1%. If all of the Reporting Persons were deemed to be a group with the Investor Parties, such group would, based on publicly available information, be deemed to own 142,385,082, or 81.8%.
	(c)	The disclosure in Item 4 and the exercise of the Optional Share Agreement and the Schedule of Optional Share Exercises on Schedule D is incorporated herein by reference. Except as disclosed in this Schedule 13D, there have been no transactions in the Class A Common Stock by the Reporting Persons since the filing of Amendment No. 2 on January 19, 2022.

Signatures

After reasonable inquiry and to the best of their knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: January 25, 2022

STARBOARD VALUE AND OPPORTUNITY MASTER FUND LTD By: Starboard Value LP, its investment manager STARBOARD VALUE AND OPPORTUNITY S LLC By: Starboard Value LP, its manager STARBOARD VALUE AND OPPORTUNITY C LP By: Starboard Value R LP, its general partner STARBOARD VALUE R LP By: Starboard Value R GP LLC, its general partner STARBOARD VALUE AND OPPORTUNITY MASTER FUND L LP By: Starboard Value L LP, its general partner STARBOARD P FUND LP By: Starboard Value P GP LLC, its general partner		STARBOARD VALUE P GP LLC By: Starboard Value R LP, its member STARBOARD VALUE L LP By: Starboard Value R GP LLC, its general partner STARBOARD X MASTER FUND LTD By: Starboard Value LP, its investment manager STARBOARD VALUE LP By: Starboard Value GP LLC, its general partner STARBOARD VALUE GP LLC By: Starboard Principal Co LP, its member STARBOARD PRINCIPAL CO LP By: Starboard Principal Co GP LLC, its general partner STARBOARD PRINCIPAL CO GP LLC STARBOARD VALUE R GP LLC SVAC SPONSOR LLC SVAC MANAGER LLC
	By:	/s/ Jeffrey C. Smith
		Name: Jeffrey C. Smith
		Title: Authorized Signatory

/s/ Jeffrey C. Smith

JEFFREY C. SMITH

Individually and as attorney-in-fact for Peter A. Feld

/s/ Martin D. McNulty, Jr.

MARTIN D. MCNULTY, JR.

SCHEDULE D

Schedule of Cashless Exercises

All Optional Shares were acquired through the exercise of the rights under the Optional Share Purchase Agreement for $10 per share.

Starboard Client	Shares Acquired
Starboard Value and Opportunity C LP	217,500
Starboard Value LP Account	513,750
Starboard Value and Opportunity Master Fund Ltd	2,092,500
Starboard Value and Opportunity S LLC	363,750
Starboard Value and Opportunity Master Fund L LP	150,000
Starboard X Master Fund Ltd	412,500

Starboard Value SC 13D/ACyxtera / Starboard Value ownership change