Except as set forth in this Amendment No. 2 (this “Amendment No. 2”), the initial Schedule 13D filed on March 4, 2022 (the “Original 13D”), as amended by Amendment No. 1 thereto on April 29, 2022 (“Amendment No. 1” and, together with the Original 13D, the “13D”) remains in effect, and capitalized terms used herein but not defined herein have such respective meanings, as defined in such Original 13D. The information set forth in response to the Item below shall be deemed to be a response to all Items where such information is relevant. The information set forth in the Exhibits to the Original 13D is expressly incorporated herein by reference and the response to each Item of this Statement is qualified in its entirety by the provisions of such Exhibits.
The Reporting Persons are filing this Amendment to reflect its new percentage beneficial ownership in the Issuer, which has decreased as a result of an increased in the number of shares of outstanding Class A Common Stock of the Company.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Paragraphs (a) and (b) of Item 5 are hereby amended and restated in their entirety as follows:
(a) The aggregate number of Class A Common Stock and Class B Common Stock and the percentage of total outstanding Class A Common Stock beneficially owned by the Reporting Persons is set forth below. References to percentage ownerships of Class A Common Stock in this Statement are based upon the 66,232,952 shares of Class A Common Stock stated to be outstanding as of July 28, 2022, as reported in the Company’s 10-Q filed with the Securities and Exchange Commission on August 4, 2022. The Reporting Persons may be deemed to beneficially own an aggregate of 2,798,951 shares of Class A Common Stock and 7,885,132 shares of Class B Common Stock, which constitutes approximately 14.4% of the Company’s Class A Common Stock, calculated in accordance with Rule 13d-3 under the Act. The filing of this Statement shall not be construed as an admission that a Reporting Person beneficially owns those shares held by any other Reporting Person.
SC GGF III beneficially owns 2,554,932 shares of Class B Common Stock, which represents approximately 3.7% of the outstanding Class A Common Stock calculated in accordance with the requirements of Rule 13d-3 under the Act. RB and DL are the managing members of SC GGF III. RB and DL disclaim beneficial ownerships of all such shares except to the extent of their individual pecuniary interest therein.
Sequoia Capital U.S. Growth Fund VIII beneficially owns 5,330,200 shares of Class B Common Stock, which represents approximately 7.4% of the outstanding Class A Common Stock calculated in accordance with the requirements of Rule 13d-3 under the Act.
USV 2010—SEED beneficially owns 235,201 shares of Class A Common Stock, which represents approximately 0.4% of the outstanding Class A Common Stock calculated in accordance with the requirements of Rule 13d-3 under the Act.
Sequoia Capital U.S. Growth Fund IX beneficially owns 2,225,077 shares of Class A Common Stock, which represents approximately 3.4% of the outstanding Class A Common Stock calculated in accordance with the requirements of Rule 13d-3 under the Act.
Sequoia Capital U.S. Growth Partners Fund IX beneficially owns 95,885 shares of Class A Common Stock, which represents approximately 0.1% of the outstanding Class A Common Stock calculated in accordance with the requirements of Rule 13d-3 under the Act.
Sequoia Capital U.S. Growth IX Principals Fund beneficially owns 242,788 shares of Class A Common Stock, which represents approximately 0.4% of the outstanding Class A Common Stock calculated in accordance with the requirements of Rule 13d-3 under the Act.
SC GGF III Management, as the general partner of SC GGF III, may be deemed to beneficially own an aggregate of 2,554,932 shares of Class B Common Stock, which represents approximately 3.7% of the outstanding Class A Common Stock calculated in accordance with the requirements of Rule 13d-3 under the Act.