Item 4 — Purpose of Transaction
On May 22, 2026, Hexagon AB ("Hexagon") effected the Distribution (as defined below). On April 24, 2026, the general meeting of shareholders of Hexagon approved the spin-off of Hexagon's Asset Lifecycle Intelligence business, Safety, Infrastructure & Geospatial business, ETQ business and Bricsys business into a separate publicly traded company, which became Octave. This Item 4 relates to the pro rata distribution by Hexagon to holders of its Class A shares and Class B shares of all of the issued share capital of Octave (the "Distribution"). The Distribution was completed on May 22, 2026 (the "Distribution Date"). In connection with the Distribution, (i) holders of record of Hexagon Class A shares as of May 22, 2026 (the "Record Date") received one Octave Class A Share for every ten Hexagon Class A shares held on the Record Date, and (ii) holders of record of Hexagon Class B shares as of the Record Date received one Octave Class B Share for every ten Hexagon Class B shares held on the Record Date. No fractional Octave Class A Shares or Class B Shares were distributed; instead, fractional interests were aggregated and sold, with net cash proceeds distributed pro rata to the applicable holders. As a result of the Distribution, on the Distribution Date, MSAB directly acquired, and each of the other Reporting Persons may be deemed to have indirectly acquired, beneficial ownership of an aggregate of 58,433,144 Class B Shares, consisting of 11,025,000 Class A Shares and 47,408,144 Class B Shares. Also as a result of the Distribution, on the Distribution Date, Ms. Hogberg directly acquired beneficial ownership of 1,050 Class B shares. Other than as set forth in this Item 4, the Reporting Persons do not have any current plans or proposals that relate to or would result in any of the matters referred to in paragraphs (a) through (j) of Item 4 of Schedule 13D. The Reporting Persons intend to review their investment in Octave on a continuing basis and, depending on various factors, including, without limitation, Octave's financial position, the trading price of Class B Shares, conditions in the securities market and general economic and industry conditions, the Reporting Persons may, in the future, take such actions with respect to their Octave shares as they deem appropriate, including, without limitation, purchasing Octave shares, selling Octave shares, taking any action to change the composition of Octave's board of directors, taking any other action with respect to Octave or any of its securities in any manner permitted by law or otherwise changing their intention with respect to any and all matters referred to in paragraphs (a) through (j) of Item 4. The information set forth in Item 6 is incorporated by reference into this Item 4.