Item 1. Security and Issuer.
This Schedule 13D relates to the shares of beneficial interest of the Issuer. The address of the principal executive office of the Issuer is 200 Central Avenue, Suite 220, St. Petersburg, FL 33701.
Item 2. Identity and Background.
(a) The name of the reporting person is Catherine D. Wood.
(b) The address of Ms. Wood is 200 Central Avenue, Suite 220, St. Petersburg, FL 33701.
(c) Ms. Wood is the CEO, CIO and a Trustree of the Issuer.
Ms. Wood is engaged in, among other activities, investing for her own account.
(d) During the past five years Ms. Wood was not convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) Ms. Wood has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which she is or was subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f) Ms. Wood is a citizen of the United States of America.
Item 3. Source or Amount of Funds or Other Consideration.
Ms. Wood acquired the shares of beneficial interests through a direct investment in the Issuer. The source of funds for all purchases was personal funds.
Item 4. Purpose of Transaction.
Ms. Wood acquired shares of beneficial interest for investment purposes in the ordinary course of business solely for investment purposes and not for the purposes of participating in or influencing the management of the Issuer. For the avoidance of doubt, Ms. Wood does, and will, exercise control over the management of ARK Investment Management LLC, the Issuer’s investment adviser. ARK Investment Management LLC provides the day-to-day management of the Issuer.
Ms. Wood may, from time to time and at any time in the future, take such actions with respect to her investment in the Issuer as she deems appropriate, including, without limitation, (i) communicating with the Board and other shareholders, industry participants and other interested or relevant parties about the Issuer, (ii) making further acquisitions of the shares of beneficial interest or disposal of some or all of the shares of beneficial interest currently owned by Ms. Wood or otherwise acquired by Ms. Wood, (iii) entering into financial instruments or other agreements which increase or decrease Ms. Wood’s economic exposure with respect to her investment in the Issuer and/or change the form of ownership of securities of the Issuer by Ms. Wood, and/or (iv) otherwise change her intention with respect to any and all matters referred to in Item 4 of Schedule 13D.
Ms. Wood does not currently have any plans or proposals (other than those she may have from time to time in her role as an officer of the Issuer) that relate to or that would result in any of the transactions or other matters specified in clauses (a) through (j) of Item 4 of Schedule 13D.
Item 5. Interest in Securities of the Issuer.
(a) Ms. Wood may be deemed the beneficial owner of 50,000 shares of beneficial interest, which constitute approximately 65.68% of the total number of shares of beneficial interest outstanding as of September 13, 2022.
(b) Ms. Wood has voting power over all of the above shares of beneficial interest.
(c) The following table details all the transactions effected by Ms. Wood in the Issuer as of the date hereof. All such transactions were purchases of shares of beneficial interest, effected pursuant to acquisitions directly from the Fund:
