Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
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(a) | | ☐ | | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). |
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(b) | | ☐ | | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). |
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(c) | | ☐ | | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). |
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(d) | | ☐ | | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). |
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(e) | | ☒ | | An investment advisor in accordance with §240.13d-1(b)(1)(ii)(E). |
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(f) | | ☐ | | An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F). |
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(g) | | ☒ | | A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G). |
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(h) | | ☐ | | A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813). |
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(i) | | ☐ | | A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3). |
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(j) | | ☐ | | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J); |
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(k) | | ☐ | | Group, in accordance with § 240.13d-1(b)(1)(ii)(K). |
Items (5) – (9) and (11) of the cover pages of this Schedule 13G are incorporated herein.
The shares of Class A common stock reported on this Schedule 13G include (i) 3,390,559 shares of Class A common stock and 101,761 shares of Class B common stock held of record by Maverick Ventures Investment Fund, L.P. (“Maverick Ventures Fund”), (ii) 1,934,954 shares of Class A common stock and 61,789 shares of Class B common stock held of record by Maverick Advisors Fund, L.P. (“Maverick Advisors”), and (iii) 100,000 shares of Class A common stock held by funds managed by Maverick Capital, Ltd. Each share of Class B common stock is convertible at any time into shares of Class A common stock at the option of the holder. The percentages reported on the cover pages of this Schedule 13G are based on 53,350,763 outstanding shares of Class A common stock as reported by the Issuer.
Maverick Capital Ventures, LLC (“Maverick Ventures”) is the general partner of Maverick Ventures Fund and Maverick Advisors. Mr. Ainslie and David B. Singer are the Managing Partners of Maverick Ventures.
MCV Management Company, LLC is the investment manager of Maverick Ventures Fund and Maverick Advisors. Maverick Capital Management is the general partner of Maverick Capital Advisors, L.P. (the controlling member of Maverick Capital Ventures, LLC) and Maverick Capital, Ltd. (the controlling member of MCV Management Company, LLC). Mr. Ainslie is the manager of Maverick Capital Management, LLC.
Item 5. | Ownership of Five Percent or Less of a Class. |
If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☐.