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.
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CUSIP No. M5216V106
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Global-E Online Ltd.
(Name of Issuer)
Ordinary Shares, no par value
(Title of Class of Securities)
M5216V106
(CUSIP Number)
December 31, 2023
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. M5216V106
| 1 | Name of Reporting Person: Abdiel Qualified Master Fund, LP
I.R.S. Identification No. of above Person (entities only) (voluntary) | |||||
| 2 | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
| 3 | SEC USE ONLY
| |||||
| 4 |
Citizenship or Place of Organization
Cayman Islands | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 | SOLE VOTING POWER
0 | ||
| 6 | SHARED VOTING POWER
10,845,594 | |||
| 7 | SOLE DISPOSITIVE POWER
0 | |||
| 8 | SHARED DISPOSITIVE POWER
10,845,594 |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED
10,845,594 | |||||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
☐ | |||||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.6%* | |||||
| 12 | TYPE OF REPORTING PERSON
PN | |||||
| * | Based on 164,253,547 Ordinary Shares outstanding as of May 11, 2023, as reported in the Issuer’s Proxy Statement related to its June 20, 2023 Annual Meeting of Shareholders filed as Exhibit 99.1 to the Report on Form 6-K filed with the Securities and Exchange Commission on May 12, 2023. |
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CUSIP No. M5216V106
| 1 | Names of Reporting Person: Abdiel Capital, LP
I.R.S. Identification No. of above Person (entities only) (voluntary) | |||||
| 2 | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
| 3 | SEC USE ONLY
| |||||
| 4 |
Citizenship or Place of Organization
Delaware | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 | SOLE VOTING POWER
0 | ||
| 6 | SHARED VOTING POWER
386,840 | |||
| 7 | SOLE DISPOSITIVE POWER
0 | |||
| 8 | SHARED DISPOSITIVE POWER
386,840 |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED
386,840 | |||||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
☐ | |||||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.2%* | |||||
| 12 | TYPE OF REPORTING PERSON
PN | |||||
| * | Based on 164,253,547 Ordinary Shares outstanding as of May 11, 2023, as reported in the Issuer’s Proxy Statement related to its June 20, 2023 Annual Meeting of Shareholders filed as Exhibit 99.1 to the Report on Form 6-K filed with the Securities and Exchange Commission on May 12, 2023. |
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CUSIP No. M5216V106
| 1 | Names of Reporting Person: Abdiel Partners, LLC
I.R.S. Identification No. of above Person (entities only) (voluntary) | |||||
| 2 | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
| 3 | SEC USE ONLY
| |||||
| 4 |
Citizenship or Place of Organization
Delaware | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 | SOLE VOTING POWER
0 | ||
| 6 | SHARED VOTING POWER
11,500 | |||
| 7 | SOLE DISPOSITIVE POWER
0 | |||
| 8 | SHARED DISPOSITIVE POWER
11,500 |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED
11,500 | |||||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
☐ | |||||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Less than 0.1%* | |||||
| 12 | TYPE OF REPORTING PERSON
OO | |||||
| * | Based on 164,253,547 Ordinary Shares outstanding as of May 11, 2023, as reported in the Issuer’s Proxy Statement related to its June 20, 2023 Annual Meeting of Shareholders filed as Exhibit 99.1 to the Report on Form 6-K filed with the Securities and Exchange Commission on May 12, 2023. |
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CUSIP No. M5216V106
| 1 | Names of Reporting Person: Abdiel Capital Management, LLC
I.R.S. Identification No. of above Person (entities only) (voluntary) | |||||
| 2 | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
| 3 | SEC USE ONLY
| |||||
| 4 |
Citizenship or Place of Organization
Delaware | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 | SOLE VOTING POWER
0 | ||
| 6 | SHARED VOTING POWER
11,232,434* | |||
| 7 | SOLE DISPOSITIVE POWER
0 | |||
| 8 | SHARED DISPOSITIVE POWER
11,232,434* |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED
11,232,434* | |||||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
☐ | |||||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.8%** | |||||
| 12 | TYPE OF REPORTING PERSON
OO | |||||
| * | Consists of 10,845,594 Ordinary Shares held by Abdiel Qualified Master Fund, LP and 386,840 Ordinary Shares held by Abdiel Capital, LP. |
| ** | Based on 164,253,547 Ordinary Shares outstanding as of May 11, 2023, as reported in the Issuer’s Proxy Statement related to its June 20, 2023 Annual Meeting of Shareholders filed as Exhibit 99.1 to the Report on Form 6-K filed with the Securities and Exchange Commission on May 12, 2023. |
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CUSIP No. M5216V106
| 1 | Names of Reporting Person: Abdiel Capital Advisors, LP
I.R.S. Identification No. of above Person (entities only) (voluntary) | |||||
| 2 | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
| 3 | SEC USE ONLY
| |||||
| 4 |
Citizenship or Place of Organization
Delaware | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 | SOLE VOTING POWER
0 | ||
| 6 | SHARED VOTING POWER
11,243,934* | |||
| 7 | SOLE DISPOSITIVE POWER
0 | |||
| 8 | SHARED DISPOSITIVE POWER
11,243,934* |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED
11,243,934* | |||||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
☐ | |||||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.8%** | |||||
| 12 | TYPE OF REPORTING PERSON
PN, IA | |||||
| * | Consists of 10,845,594 Ordinary Shares held by Abdiel Qualified Master Fund, LP, 386,840 Ordinary Shares held by Abdiel Capital, LP. and 11,500 Ordinary Shares held by Abdiel Partners, LLC. |
| ** | Based on 164,253,547 Ordinary Shares outstanding as of May 11, 2023, as reported in the Issuer’s Proxy Statement related to its June 20, 2023 Annual Meeting of Shareholders filed as Exhibit 99.1 to the Report on Form 6-K filed with the Securities and Exchange Commission on May 12, 2023. |
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CUSIP No. M5216V106
| 1 | Names of Reporting Person: Colin T. Moran
I.R.S. Identification No. of above Person (entities only) (voluntary) | |||||
| 2 | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
| 3 | SEC USE ONLY
| |||||
| 4 |
Citizenship or Place of Organization
United States | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 | SOLE VOTING POWER
0 | ||
| 6 | SHARED VOTING POWER
11,243,934* | |||
| 7 | SOLE DISPOSITIVE POWER
0 | |||
| 8 | SHARED DISPOSITIVE POWER
11,243,934* |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED
11,243,934* | |||||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
☐ | |||||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.8%** | |||||
| 12 | TYPE OF REPORTING PERSON
IN | |||||
| * | Consists of 10,845,594 Ordinary Shares held by Abdiel Qualified Master Fund, LP, 386,840 Ordinary Shares held by Abdiel Capital, LP. and 11,500 Ordinary Shares held by Abdiel Partners, LLC. |
| ** | Based on 164,253,547 Ordinary Shares outstanding as of May 11, 2023, as reported in the Issuer’s Proxy Statement related to its June 20, 2023 Annual Meeting of Shareholders filed as Exhibit 99.1 to the Report on Form 6-K filed with the Securities and Exchange Commission on May 12, 2023. |
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CUSIP No. M5216V106
AMENDMENT NO. 2 TO SCHEDULE 13G
Reference is hereby made to the statement on Schedule 13G filed with the Securities and Exchange Commission by the Reporting Persons with respect to the Ordinary Shares of the Issuer on February 3, 2022 and Amendment No. 1 thereto filed on January 24, 2023 (as so amended, the “Schedule 13G”). Terms defined in the Schedule 13G are used herein as so defined.
The following Items of the Schedule 13G are hereby amended and restated as follows:
| Item 2(a) | Name of Persons Filing: |
Abdiel Qualified Master Fund, LP
Abdiel Capital, LP
Abdiel Partners, LLC
Abdiel Capital Management, LLC
Abdiel Capital Advisors, LP
Colin T. Moran
| Item 2(c) | Citizenship: |
Abdiel Qualified Master Fund, LP—Cayman Islands
Abdiel Capital, LP – Delaware
Abdiel Partners, LLC – Delaware
Abdiel Capital Management, LLC—Delaware
Abdiel Capital Advisors, LP—Delaware
Colin T. Moran—United States
| Item 4 | Ownership: |
(a) through (c):
The information requested in these paragraphs is incorporated by reference to the cover pages to this Amendment No. 2 to Schedule 13G.
Abdiel Capital Management, LLC and Abdiel Capital Advisors, LP serve as the general partner and the investment manager, respectively, of Abdiel Qualified Master Fund, LP and Abdiel Capital, LP. Abdiel Capital Advisors, LP also serves as the investment manager of Abdiel Partners, LLC. Colin T. Moran serves as managing member of Abdiel Capital Management, LLC and Abdiel Capital Partners, LLC, which serves as the general partner of Abdiel Capital Advisors, LP. and the managing member of Abdiel Partners, LLC. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein.
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CUSIP No. M5216V106
SIGNATURES
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 14, 2024
| ABDIEL QUALIFIED MASTER FUND, LP | ||
| By: | Abdiel Capital Management, LLC, | |
| its General Partner | ||
| By: | /s/ Colin T. Moran | |
| Colin T. Moran, Managing Member | ||
| ABDIEL CAPITAL, LP | ||
| By: | Abdiel Capital Management, LLC, | |
| its General Partner | ||
| By: | /s/ Colin T. Moran | |
| Colin T. Moran, Managing Member | ||
| ABDIEL PARTNERS, LLC | ||
| By: | Abdiel Capital Partners, LLC, | |
| its Managing Member | ||
| By: | /s/ Colin T. Moran | |
| Colin T. Moran, Managing Member | ||
| ABDIEL CAPITAL MANAGEMENT, LLC | ||
| By: | /s/ Colin T. Moran | |
| Colin T. Moran, Managing Member | ||
| ABDIEL CAPITAL ADVISORS, LP | ||
| By: | Abdiel Capital Partners, LLC, | |
| its General Partner | ||
| By: | /s/ Colin T. Moran | |
| Colin T. Moran, Managing Member | ||
| COLIN T. MORAN | ||
| By: | /s/ Colin T. Moran | |
| Colin T. Moran, Individually | ||
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