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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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULES 13d-1 (b), (c) AND (d)
AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 (b)
(Amendment No. __)*
Sumo Logic, Inc.
(Name of Issuer)
Common Stock, $0.0001 par value
(Title of Class of Securities)
86646P103
(CUSIP Number)
December 31, 2020
(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)
x 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 disclosures provided in a prior cover page.
The information required on 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).
(Continued on following pages)
Page 1 of 11 Pages
Exhibit Index Contained on Page 10
| CUSIP NO. 86646P103 | 13 G | Page 2 of 11 |
| 1 |
NAME OF REPORTING Accel XI L.P. (“A11”) |
| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ¨ (b) x |
| 3 | SEC USE ONLY |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
NUMBER
OF |
5 | SOLE VOTING POWER 4,882,158 shares, all of which are directly owned by A11. Accel XI Associates L.L.C. (“A11A”), the general partner of A11, may be deemed to have sole power to vote these shares. |
| 6 | SHARED VOTING POWER See response to row 5. |
|
| 7 | SOLE DISPOSITIVE POWER 4,882,158 shares, all of which are directly owned by A11. A11A, the general partner of A11, may be deemed to have sole power to dispose of these shares. |
|
| 8 | SHARED DISPOSITIVE POWER See response to row 7. |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 4,882,158 |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* | ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 4.8%(1) |
| 12 | TYPE OF REPORTING PERSON* | PN |
(1) Based on 102,318,468 shares outstanding as of November 30, 2020, as reported by the Issuer in its Quarterly Report on Form 10-Q for the quarter ended October 31, 2020, filed with the Securities and Exchange Commission on December 8, 2020 (the “Form 10-Q”).
| CUSIP NO. 86646P103 | 13 G | Page 3 of 11 |
| 1 | NAME OF REPORTING Accel XI Strategic Partners L.P. (“A11SP”) |
| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ¨ (b) x |
| 3 | SEC USE ONLY |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
NUMBER
OF |
5 | SOLE VOTING POWER 366,662 shares, all of which are directly owned by A11SP. A11A, the general partner of A11SP, may be deemed to have sole power to vote these shares. |
| 6 | SHARED VOTING POWER See response to row 5. | |
| 7 | SOLE DISPOSITIVE POWER 366,662 shares, all of which are directly owned by A11SP. A11A, the general partner of A11SP, may be deemed to have sole power to dispose of these shares. | |
| 8 | SHARED DISPOSITIVE POWER See response to row 7. |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 366,662 |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* | ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 0.4%(1) |
| 12 | TYPE OF REPORTING PERSON* | PN |
(1) Based on 102,318,468 shares outstanding as of November 30, 2020, as reported by the Issuer in its Quarterly Report on Form 10-Q.
| CUSIP NO. 86646P103 | 13 G | Page 4 of 11 |
| 1 |
NAME OF REPORTING Accel XI Associates L.L.C. (“A11A”) |
| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x |
| 3 | SEC USE ONLY |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
NUMBER OF |
5 | SOLE VOTING POWER 5,248,820 shares, of which 4,882,158 are directly owned by A11 and 366,662 are directly owned by A11SP. A11A, the general partner of A11 and A11SP, may be deemed to have sole power to vote these shares. |
| 6 | SHARED VOTING POWER See response to row 5. | |
| 7 | SOLE DISPOSITIVE POWER 5,248,820 shares, of which 4,882,158 are directly owned by A11 and 366,662 are directly owned by A11SP. A11A, the general partner of A11 and A11SP, may be deemed to have sole power to dispose of these shares. | |
| 8 | SHARED DISPOSITIVE POWER See response to row 7. |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 5,248,820 |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* | ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 5.1% (1) |
| 12 | TYPE OF REPORTING PERSON* | OO |
(1) Based on 102,318,468 shares outstanding as of November 30, 2020, as reported by the Issuer in its Quarterly Report on Form 10-Q.
| CUSIP NO. 86646P103 | 13 G | Page 5 of 11 |
| 1 | NAME OF REPORTING Accel Investors 2012 L.L.C. (“AI12”) |
| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ¨ (b) x |
| 3 | SEC USE ONLY |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
NUMBER OF |
5 | SOLE VOTING POWER 471,340 shares, all of which are directly owned by AI12. |
| 6 | SHARED VOTING POWER See response to row 5. |
|
| 7 | SOLE DISPOSITIVE POWER 471,340 shares, all of which are directly owned by AI12. |
|
| 8 | SHARED DISPOSITIVE POWER See response to row 7. |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 471,340 |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* | ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 0.5%(1) |
| 12 | TYPE OF REPORTING PERSON* | OO |
(1) Based on 102,318,468 shares outstanding as of November 30, 2020, as reported by the Issuer in its Quarterly Report on Form 10-Q.
| CUSIP NO. 86646P103 | 13 G | Page 6 of 11 |
| ITEM 1(A). | NAME OF ISSUER |
Sumo Logic, Inc.
| ITEM 1(B). | ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES |
305 Main Street
Redwood City, CA 94063
| ITEM 2(A). | NAME OF PERSONS FILING |
This Schedule 13G is filed by Accel XI L.P., a Delaware limited partnership (“A11”), Accel XI Strategic Partners L.P., a Delaware limited partnership (“A11SP”), Accel XI Associates L.L.C., a Delaware limited liability company (“A11A”) and Accel Investors 2012 L.L.C., a Delaware limited liability company (“AI12”). The foregoing entities and individual are collectively referred to as the “Reporting Persons.”
A11A is the general partner of A11 and A11SP, and may be deemed to have sole power to vote and sole power to dispose of shares of the issuer directly owned by A11 and A11SP.
| ITEM 2(B). | ADDRESS OF PRINCIPAL OFFICE |
The address for each of the Reporting Persons is:
Accel Partners
500 University Avenue
Palo Alto, CA 94301
| ITEM 2(C). | CITIZENSHIP |
A11 and A11SP are Delaware limited partnerships. A11A and AI12 are Delaware limited liability companies.
| ITEM 2(D). | TITLE OF CLASS OF SECURITIES |
Common Stock, $.0001 par value.
| ITEM 2(E). | CUSIP NUMBER |
86646P103
| ITEM 3. | Not Applicable |
| ITEM 4. | OWNERSHIP |
The following information with respect to the ownership of the Common Stock of the issuer by the persons filing this Statement is provided as of December 31, 2020.
| CUSIP NO. 86646P103 | 13 G | Page 7 of 11 |
| (a) | Amount beneficially owned: |
See Row 9 of cover page for each Reporting Person.
| (b) | Percent of Class: |
See Row 11 of cover page for each Reporting Person.
| (c) | Number of shares as to which such person has: |
| (i) | Sole power to vote or to direct the vote: |
See Row 5 of cover page for each Reporting Person.
| (ii) | Shared power to vote or to direct the vote: |
See Row 6 of cover page for each Reporting Person.
| (iii) | Sole power to dispose or to direct the disposition of: |
See Row 7 of cover page for each Reporting Person.
| (iv) | Shared power to dispose or to direct the disposition of: |
See Row 8 of cover page for each Reporting Person.
| ITEM 5. | OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS |
Not Applicable.
| ITEM 6. | OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. |
Under certain circumstances set forth in the limited partnership agreements of A11 and A11SP, and the limited liability company agreements of A11A and AI12, the general partner and limited partners or members, as the case may be, of each of such entities may be deemed to have the right to receive dividends from, or the proceeds from, the sale of shares of the issuer owned by each such entity of which they are a partner or member, as the case may be.
| ITEM 7. | IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY |
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. 86646P103 | 13 G | Page 8 of 11 |
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 16, 2021
| Entities: | Accel XI L.P.* | |
| Accel XI Strategic Partners L.P.* | ||
| Accel Investors 2012 L.L.C. |
| By: | /s/ Tracy L. Sedlock | |
| Tracy L. Sedlock, Attorney-in-fact for | ||
| the above-listed entities |
* Signed pursuant to a Power of Attorney already on file with the appropriate agencies.
| CUSIP NO. 86646P103 | 13 G | Page 9 of 11 |
EXHIBIT INDEX
| Found on Sequentially | ||
| Exhibit | Numbered Page | |
| Exhibit A: Agreement of Joint Filing | 10 | |
| Exhibit B: Power of Attorney | 11 |
| CUSIP NO. 86646P103 | 13 G | Page 10 of 11 |
EXHIBIT A
Agreement of Joint Filing
The undersigned hereby agree that a single Schedule 13G (or any amendment thereto) relating to the Common Stock of Sumo Logic, Inc. shall be filed on behalf of each of the undersigned and that this Agreement shall be filed as an exhibit to such Schedule 13G.
Date: February 16, 2021
| Entities: | Accel XI L.P.* | |
| Accel XI Strategic Partners L.P.* | ||
| Accel Investors 2012 L.L.C.* |
| By: | /s/ Tracy L. Sedlock | |
| Tracy L. Sedlock, Attorney-in-fact for | ||
| the above-listed entities |
* Signed pursuant to a Power of Attorney already on file with the appropriate agencies.
| CUSIP NO. 86646P103 | 13 G | Page 11 of 11 |
EXHIBIT B
POWER OF ATTORNEY
Tracy L. Sedlock has signed this Schedule 13G as Attorney-In-Fact. Note that copies of the applicable Power of Attorney are already on file with the appropriate agencies.