Sec Form 13G Filing - Index Ventures Growth I (Jersey) L.P. @ SQUARESPACE INC

Sec Form 13G Filing - Index Ventures Growth I (Jersey) L.P. filing for SQUARESPACE INC (SQSP) - 2023-02-13

Insider filing report for Changes in Beneficial Ownership

Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.

"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)*

Squarespace, Inc.

(Name of Issuer)

Class A Common Stock, $0.0001 par value per share

(Title of Class of Securities)

85225A107

(CUSIP Number)

December 31, 2022

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

☒ Rule 13d-1(d)

*	The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


CUSIP No. 85225A107		SCHEDULE 13G		Page 2 of 9 Pages

(1)

Index Ventures Growth I (Jersey) L.P. (“Index Growth I”) directly owns 8,553,709 shares of the Issuer’s Class A Common Stock, par value $0.0001 per share (“Class A Common Stock”). The percent of class was calculated based on 88,984,890 shares of Class A Common Stock outstanding as of September 30, 2022, as set forth in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2022.


CUSIP No. 85225A107		SCHEDULE 13G		Page 3 of 9 Pages

(1)

Index Ventures Growth I Parallel Entrepreneur Fund (Jersey) L.P. (“Index Growth I Parallel”) directly owns 298,419 shares of the Issuer’s Class A Common Stock. The percent of class was calculated based on 88,984,890 shares of Class A Common Stock outstanding as of September 30, 2022, as set forth in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2022.


CUSIP No. 85225A107		SCHEDULE 13G		Page 4 of 9 Pages

(1)

Yucca (Jersey) SLP (“Yucca”) directly owns 44,481 shares of the Issuer’s Class A Common Stock. The percent of class was calculated based on 88,984,890 shares of Class A Common Stock outstanding as of September 30, 2022, as set forth in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2022.


CUSIP No. 85225A107		SCHEDULE 13G		Page 5 of 9 Pages

(1)

Index Venture Growth Associates I Limited (“IVGA I”) may be deemed to beneficially own the 8,896,609 shares of Class A Common Stock held directly by Index Growth I, Index Growth I Parallel and Yucca. The percent of class was calculated based on 88,984,890 shares of Class A Common Stock outstanding as of September 30, 2022, as set forth in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2022.


CUSIP No. 85225A107		SCHEDULE 13G		Page 6 of 9 Pages

Item 1.

Issuer

(a)

Name of Issuer:

Squarespace, Inc. (the “Issuer”)

(b)

Address of Issuer’s Principal Executive Offices:

225 Varick Street, 12^th Floor

New York, NY 10014

Item 2.

Filing Person

(a) – (c) Name of Persons Filing; Address; Citizenship:

(i)

Index Growth I, a Jersey, Channel Islands partnership.

(ii)

Index Growth I Parallel, a Jersey, Channel Islands partnership (together with Index Growth I, the “Index Growth I Funds”).

(iii)

Yucca, a Jersey, Channel Islands separate partnership.

(iv)

IVGA I, a Jersey, Channel Islands corporation, the general partner of the Index Growth I Funds.

The address of the principal business office of each of the reporting persons is 44 Esplanade, St. Helier, Jersey, Channel Islands JE4 9WG.

(d)

Title of Class of Securities:

Class A Common Stock, $0.0001 par value per share

(e)

CUSIP Number:

85225A107

Item 3.

If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:


(a)	☐	Broker or dealer registered under Section 15 of the Act;

(b)	☐	Bank as defined in Section 3(a)(6) of the Act;

(c)	☐	Insurance company as defined in Section 3(a)(19) of the Act;

(d)	☐	Investment company registered under Section 8 of the Investment Company Act of 1940;

(e)	☐	An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

(f)	☐	An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);

(g)	☐	A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);

(h)	☐	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(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;

(j)	☐	A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J);

(k)	☐	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution:


CUSIP No. 85225A107		SCHEDULE 13G		Page 7 of 9 Pages

If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:


CUSIP No. 85225A107		SCHEDULE 13G		Page 8 of 9 Pages


Item 4.	Ownership.

	(a) and (b) Amount beneficially owned:

		(i)	Index Growth I directly owns 8,553,709 shares of Class A Common Stock, which represents approximately 9.6% of the outstanding Class A Common Stock.

		(ii)	Index Growth I Parallel directly owns 298,419 shares of Class A Common Stock, which represents approximately 0.3% of the outstanding Class A Common Stock.

		(iii)	Yucca directly owns 44,481 shares of Class A Common Stock, which represents less than 0.1% of the outstanding Class A Common Stock. Yucca administers the co-investment vehicle that is contractually required to mirror the Index Growth I Funds’ investments. As a result, IVGA I may be deemed to have dispositive and voting power over Yucca’s shares by virtue of its dispositive power over and voting power over the shares owned by the Index Growth I Funds.

		(iv)	IVGA I may be deemed to beneficially own the 8,896,609 shares of Class A Common Stock owned by the Index Growth I Funds and Yucca, which represents approximately 9.998% of the outstanding Class A Common Stock.

	(c)	Number of shares as to which such person has:


	Number of Shares of Class A Common Stock
Reporting Person	(i)		(ii)		(iii)		(iv)
Index Growth I		8,553,709		0		8,553,709		0
Index Growth I Parallel		298,419				298,419
Yucca		44,481				44,481
IVGA I		8,896,609				8,896,609

(i)

Sole power to vote or direct the vote

(ii)

Shared power to vote or to direct the vote

(iii)

Sole power to dispose or to direct the disposition of

(iv)

Shared power to dispose or to direct the disposition of

The percent of class was calculated based on 88,984,890 shares of Class A Common Stock outstanding as of September 30, 2022, as set forth in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2022.

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 ☐.

Item 6.

Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

Not applicable.

Item 8.

Identification and Classification of Members of the Group.

Not applicable.

Item 9.

Notice of Dissolution of Group.

Not applicable.

Item 10.

Certification.

Not applicable.


CUSIP No. 85225A107		SCHEDULE 13G		Page 9 of 9 Pages

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: February 13, 2023


INDEX VENTURES GROWTH I (JERSEY), L.P.

By: Index Venture Growth Associates I Limited
Its: General Partner

By:		/s/ Nigel Greenwood
		Name: Nigel Greenwood
		Title: Director

INDEX VENTURES GROWTH I PARALLEL
ENTREPRENEUR FUND (JERSEY), L.P.

By: Index Venture Growth Associates I Limited
Its: General Partner

By:		/s/ Nigel Greenwood
		Name: Nigel Greenwood
		Title: Director

YUCCA (JERSEY) SLP

By:		Intertrust Employee Benefit Services
		Limited as authorized signatory of Yucca
		(Jersey) SLP in its capacity as an
		Administrator of the Index Co-
		Investment Scheme

By:		/s/ Luke Aubert
		Name: Luke Aubert
		Title: Authorized Signatory

By:		/s/ Lucy Miller
		Name: Lucy Miller
		Title: Authorized Signatory

INDEX VENTURE GROWTH ASSOCIATES I LIMITED

By:		/s/ Nigel Greenwood
		Name: Nigel Greenwood
		Title: Director

NAMES OF REPORTING PERSONS

Index Ventures Growth I (Jersey) L.P.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☐ (b) ☒

SEC USE ONLY

CITIZENSHIP OR PLACE OF ORGANIZATION

Jersey, Channel Islands