This Amendment No. 1 to Schedule 13D (this Amendment) relates to the
Common Stock, par value $0.01 per share (the Common Stock) of Mastech Digital, Inc., a Pennsylvania corporation (the Issuer). This Amendment is filed by the Reporting Person to amend the Schedule 13D which was originally
filed on July 21, 2017 (the Schedule 13D).
This Amendment is being filed to amend Items 3,4,5 and 7 of the
Schedule 13D as set forth below.
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 of the Schedule 13D is hereby amended and supplemented by the addition of the following:
In connection with estate planning transactions, 859,000 shares of Common Stock (the Shares) were transferred, assigned and
delivered by the Reporting Person to the Sunil Wadhwani 2020 Exempt Family Trust (the Trust) on September 8, 2020. No consideration was paid in connection with the transfer of the Shares.
Item 4. Purpose of Transaction.
Item 4 of the Schedule 13D is hereby amended and supplemented by the addition of the following:
The Shares were transferred, assigned and delivered to the Trust by the Donor for estate planning purposes.
Item 5. Interest in Securities of the Issuer.
Item 5(a) and (b) of the Schedule 13D is amended as follows:
(a) As of the date hereof, the Reporting Person beneficially owns 2,548,314 Shares, which represent approximately 22.4% of the issued and
outstanding Shares. This percentage calculation is based on a total number of outstanding Shares of 11,378,749 as of July 31, 2020, as reported by the Issuer in the Quarterly Report on form 10-Q for the
quarterly period ended June 30, 2020.
(b) The Reporting Person has sole voting and sole dispositive power with regard to 2,158,316
of the Shares described in Item 5(a) above. The Reporting Person also has sole dispositive and no voting power with regard to (i) 303,332 of the Shares, which are owned directly by Wadhwani Partners No. 1 LP and indirectly by the Reporting
Person as majority-in-interest general partner of such partnership, and (ii) 86,666 of the Shares, which are owned directly by Wadhwani Partners No. 2 LP and
indirectly by the Reporting Person as majority-in-interest general partner of such partnership.
Item 7. Materials to be filed as Exhibits.
Item 7 of the Schedule 13D is hereby amended and supplemented by the addition of the following:
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99.1
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Deed of Gift, dated September 4, 2020, executed by Sunil Wadhwani in favor of the Sunil Wadhwani 2020
Exempt Family Trust
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