Sec Form 13G Filing - ICONIQ STRATEGIC PARTNERS II L.P. filing for PROCORE TECHNOLOGIES INC. (PCOR) - 2022-02-14

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
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 CUSIP No. 74275K908

 

 

                        SCHEDULE 13G

 

 

  Page 1 of 34 Pages

 

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No.     )*

 

 

Procore Technologies, Inc.

(Name of Issuer)

 

 

COMMON STOCK, $0.0001 PAR VALUE PER SHARE

(Title of Class of Securities)

74275K908

(CUSIP Number)

December 31, 2021

(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. 74275K908

 

 

                        SCHEDULE 13G

 

 

  Page 2 of 34 Pages

 

 

  1.   

NAMES OF REPORTING PERSONS

 

ICONIQ Strategic Partners II, L.P.

  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

 

11,225,164

   6.   

SHARED VOTING POWER

 

0

   7.   

SOLE DISPOSITIVE POWER

 

11,225,164

   8.   

SHARED DISPOSITIVE POWER

 

0

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

11,225,164

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐

 

    

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

8.5% (1)

12.  

TYPE OF REPORTING PERSON

 

PN

 

(1)

The percent of class was calculated based on 132,018,026 shares of Common Stock outstanding as of October 29, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 5, 2021.


   

 CUSIP No. 74275K908

 

 

                        SCHEDULE 13G

 

 

  Page 3 of 34 Pages

 

 

  1.   

NAMES OF REPORTING PERSONS

 

ICONIQ Strategic Partners II-B, L.P.

  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

 

8,787,037

   6.   

SHARED VOTING POWER

 

0

   7.   

SOLE DISPOSITIVE POWER

 

8,787,037

   8.   

SHARED DISPOSITIVE POWER

 

0

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

8,787,037

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐

 

    

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

6.7% (1)

12.  

TYPE OF REPORTING PERSON

 

PN

 

(1)

The percent of class was calculated based on 132,018,026 shares of Common Stock outstanding as of October 29, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 5, 2021.


   

 CUSIP No. 74275K908

 

 

                        SCHEDULE 13G

 

 

  Page 4 of 34 Pages

 

 

  1.   

NAMES OF REPORTING PERSONS

 

ICONIQ Strategic Partners II Co-Invest, L.P., P Series

  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

 

4,160,944

   6.   

SHARED VOTING POWER

 

0

   7.   

SOLE DISPOSITIVE POWER

 

4,160,944

   8.   

SHARED DISPOSITIVE POWER

 

0

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

4,160,944

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐

 

    

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

3.2% (1)

12.  

TYPE OF REPORTING PERSON

 

PN

 

(1)

The percent of class was calculated based on 132,018,026 shares of Common Stock outstanding as of October 29, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 5, 2021.


   

 CUSIP No. 74275K908

 

 

                        SCHEDULE 13G

 

 

  Page 5 of 34 Pages

 

 

  1.   

NAMES OF REPORTING PERSONS

 

ICONIQ Strategic Partners GP II, L.P.

  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

 

24,173,145 (1)

   6.   

SHARED VOTING POWER

 

0

   7.   

SOLE DISPOSITIVE POWER

 

24,173,145 (1)

   8.   

SHARED DISPOSITIVE POWER

 

0

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

24,173,145 (1)

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐

 

    

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

18.3% (2)

12.  

TYPE OF REPORTING PERSON

 

PN

 

(1)

Represents shares of Common Stock held by ICONIQ Strategic Partners II, L.P., ICONIQ Strategic Partners II-B, L.P. and ICONIQ Strategic Partners II Co-Invest L.P., P Series. ICONIQ Strategic Partners II GP, L.P. is the sole general partner of each of ICONIQ Strategic Partners II, L.P., ICONIQ Strategic Partners II-B, L.P. and ICONIQ Strategic Partners II Co-Invest, L.P., P Series, and may be deemed to beneficially own the shares of stock held directly by each of ICONIQ Strategic Partners II, L.P., ICONIQ Strategic Partners II-B, L.P. and ICONIQ Strategic Partners II Co-Invest, L.P., P Series.

(2)

The percent of class was calculated based on 132,018,026 shares of Common Stock outstanding as of October 29, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 5, 2021.


   

 CUSIP No. 74275K908

 

 

                        SCHEDULE 13G

 

 

  Page 6 of 34 Pages

 

 

  1.   

NAMES OF REPORTING PERSONS

 

ICONIQ Strategic Partners II TT GP, Ltd.

  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

 

24,173,145 (1)

   6.   

SHARED VOTING POWER

 

0

   7.   

SOLE DISPOSITIVE POWER

 

24,173,145 (1)

   8.   

SHARED DISPOSITIVE POWER

 

0

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

24,173,145 (1)

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐

 

    

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

18.3% (2)

12.  

TYPE OF REPORTING PERSON

 

CO

 

(1)

Represents shares of Common Stock held by ICONIQ Strategic Partners II, L.P., ICONIQ Strategic Partners II-B, L.P. and ICONIQ Strategic Partners II Co-Invest L.P., P Series. ICONIQ Strategic Partners II GP, L.P. is the sole general partner of each of ICONIQ Strategic Partners II, L.P., ICONIQ Strategic Partners II-B, L.P. and ICONIQ Strategic Partners II Co-Invest, L.P., P Series, and may be deemed to beneficially own the shares of stock held directly by each of ICONIQ Strategic Partners II, L.P., ICONIQ Strategic Partners II-B, L.P. and ICONIQ Strategic Partners II Co-Invest, L.P., P Series. ICONIQ Strategic Partners II TT GP, Ltd. is the sole general partner of ICONIQ Strategic Partners II GP, L.P.

(2)

The percent of class was calculated based on 132,018,026 shares of Common Stock outstanding as of October 29, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 5, 2021.


   

 CUSIP No. 74275K908

 

 

                        SCHEDULE 13G

 

 

  Page 7 of 34 Pages

 

 

  1.   

NAMES OF REPORTING PERSONS

 

ICONIQ Strategic Partners III, L.P.

  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

 

5,237,611

   6.   

SHARED VOTING POWER

 

0

   7.   

SOLE DISPOSITIVE POWER

 

5,237,611

   8.   

SHARED DISPOSITIVE POWER

 

0

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

5,237,611

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐

 

    

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

4.0% (1)

12.  

TYPE OF REPORTING PERSON

 

PN

 

(1)

The percent of class was calculated based on 132,018,026 shares of Common Stock outstanding as of October 29, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 5, 2021.


   

 CUSIP No. 74275K908

 

 

                        SCHEDULE 13G

 

 

  Page 8 of 34 Pages

 

 

  1.   

NAMES OF REPORTING PERSONS

 

ICONIQ Strategic Partners III-B, L.P.

  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

 

5,596,460

   6.   

SHARED VOTING POWER

 

0

   7.   

SOLE DISPOSITIVE POWER

 

5,596,460

   8.   

SHARED DISPOSITIVE POWER

 

0

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

5,596,460

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐

 

    

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

4.2% (1)

12.  

TYPE OF REPORTING PERSON

 

PN

 

(1)

The percent of class was calculated based on 132,018,026 shares of Common Stock outstanding as of October 29, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 5, 2021.


   

 CUSIP No. 74275K908

 

 

                        SCHEDULE 13G

 

 

  Page 9 of 34 Pages

 

 

  1.   

NAMES OF REPORTING PERSONS

 

ICONIQ Strategic Partners III Co-Invest, L.P., Series P

  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

 

2,042,994

   6.   

SHARED VOTING POWER

 

0

   7.   

SOLE DISPOSITIVE POWER

 

2,042,994

   8.   

SHARED DISPOSITIVE POWER

 

0

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

2,042,994

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐

 

    

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

1.5% (1)

12.  

TYPE OF REPORTING PERSON

 

PN

 

(1)

The percent of class was calculated based on 132,018,026 shares of Common Stock outstanding as of October 29, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 5, 2021.


   

 CUSIP No. 74275K908

 

 

                        SCHEDULE 13G

 

 

  Page 10 of 34 Pages

 

 

  1.   

NAMES OF REPORTING PERSONS

 

ICONIQ Strategic Partners III GP, L.P.

  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

 

12,877,065 (1)

   6.   

SHARED VOTING POWER

 

0

   7.   

SOLE DISPOSITIVE POWER

 

12,877,065 (1)

   ; 8.   

SHARED DISPOSITIVE POWER

 

0

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

12,877,065 (1)

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐

 

    

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

9.8% (2)

12.  

TYPE OF REPORTING PERSON

 

PN

 

(1)

Represents shares of Common Stock held by ICONIQ Strategic Partners III, L.P., ICONIQ Strategic Partners III-B, L.P. and ICONIQ Strategic Partners III Co-Invest L.P., Series P. ICONIQ Strategic Partners III GP, L.P. is the sole general partner of each of ICONIQ Strategic Partners III, L.P., ICONIQ Strategic Partners III-B, L.P. and ICONIQ Strategic Partners III Co-Invest, L.P., Series P, and may be deemed to beneficially own the shares of stock held directly by each of ICONIQ Strategic Partners III, L.P., ICONIQ Strategic Partners III-B, L.P. and ICONIQ Strategic Partners III Co-Invest, L.P., Series P.

(2)

The percent of class was calculated based on 132,018,026 shares of Common Stock outstanding as of October 29, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 5, 2021.


   

 CUSIP No. 74275K908

 

 

                        SCHEDULE 13G

 

 

  Page 11 of 34 Pages

 

 

  1.   

NAMES OF REPORTING PERSONS

 

ICONIQ Strategic Partners III TT GP, Ltd.

  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

 

12,877,065 (1)

   6.   

SHARED VOTING POWER

 

0

   7.   

SOLE DISPOSITIVE POWER

 

12,877,065 (1)

   8.   

SHARED DISPOSITIVE POWER

 

0

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

12,877,065 (1)

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐

 

    

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

9.8% (2)

12.  

TYPE OF REPORTING PERSON

 

CO

 

(1)

Represents shares of Common Stock held by ICONIQ Strategic Partners III, L.P., ICONIQ Strategic Partners III-B, L.P. and ICONIQ Strategic Partners III Co-Invest L.P., Series P. ICONIQ Strategic Partners III GP, L.P. is the sole general partner of each of ICONIQ Strategic Partners III, L.P., ICONIQ Strategic Partners III-B, L.P. and ICONIQ Strategic Partners III Co-Invest, L.P., Series P, and may be deemed to beneficially own the shares of stock held directly by each of ICONIQ Strategic Partners III, L.P., ICONIQ Strategic Partners III-B, L.P. and ICONIQ Strategic Partners III Co-Invest, L.P., Series P. ICONIQ Strategic Partners III TT GP, Ltd. is the sole general partner of ICONIQ Strategic Partners III GP, L.P.

(2)

The percent of class was calculated based on 132,018,026 shares of Common Stock outstanding as of October 29, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 5, 2021.


   

 CUSIP No. 74275K908

 

 

                        SCHEDULE 13G

 

 

  Page 12 of 34 Pages

 

 

  1.   

NAMES OF REPORTING PERSONS

 

ICONIQ Strategic Partners IV, L.P.

  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

 

2,009,823

   6.   

SHARED VOTING POWER

 

0

   7.   

SOLE DISPOSITIVE POWER

 

2,009,823

   8.   

SHARED DISPOSITIVE POWER

 

0

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

2,009,823

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐

 

    

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

1.5% (1)

12.  

TYPE OF REPORTING PERSON

 

PN

 

(1)

The percent of class was calculated based on 132,018,026 shares of Common Stock outstanding as of October 29, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 5, 2021.


   

 CUSIP No. 74275K908

 

 

                        SCHEDULE 13G

 

 

  Page 13 of 34 Pages

 

 

  1.   

NAMES OF REPORTING PERSONS

 

ICONIQ Strategic Partners IV-B, L.P.

  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

 

3,330,058

   6.   

SHARED VOTING POWER

 

0

   7.   

SOLE DISPOSITIVE POWER

 

3,330,058

   8.   

SHARED DISPOSITIVE POWER

 

0

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

3,330,058

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐

 

    

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

2.5% (1)

12.  

TYPE OF REPORTING PERSON

 

PN

 

(1)

The percent of class was calculated based on 132,018,026 shares of Common Stock outstanding as of October 29, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 5, 2021.


   

 CUSIP No. 74275K908

 

 

                        SCHEDULE 13G

 

 

  Page 14 of 34 Pages

 

 

  1.   

NAMES OF REPORTING PERSONS

 

ICONIQ Strategic Partners IV Co-Invest, L.P., Series P

  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

 

940,443

   6.   

SHARED VOTING POWER

 

0

   7.   

SOLE DISPOSITIVE POWER

 

940,443

   8.   

SHARED DISPOSITIVE POWER

 

0

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

940,443

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐

 

    

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

0.7% (1)

12.  

TYPE OF REPORTING PERSON

 

PN

 

(1)

The percent of class was calculated based on 132,018,026 shares of Common Stock outstanding as of October 29, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 5, 2021.


   

 CUSIP No. 74275K908

 

 

                        SCHEDULE 13G

 

 

  Page 15 of 34 Pages

 

 

  1.   

NAMES OF REPORTING PERSONS

 

ICONIQ Strategic Partners IV GP, L.P.

  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

 

6,280,324 (1)

   6.   

SHARED VOTING POWER

 

0

   7.   

SOLE DISPOSITIVE POWER

 

6,280,324 (1)

   8.   

SHARED DISPOSITIVE POWER

 

0

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

6,280,324 (1)

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% (2)

12.  

TYPE OF REPORTING PERSON

 

PN

 

(1)

Represents shares of Common Stock held by ICONIQ Strategic Partners IV, L.P., ICONIQ Strategic Partners IV-B, L.P. and ICONIQ Strategic Partners IV Co-Invest L.P., Series P. ICONIQ Strategic Partners IV GP, L.P. is the sole general partner of each of ICONIQ Strategic Partners IV, L.P., ICONIQ Strategic Partners IV-B, L.P. and ICONIQ Strategic Partners IV Co-Invest, L.P., Series P, and may be deemed to beneficially own the shares of stock held directly by each of ICONIQ Strategic Partners IV, L.P., ICONIQ Strategic Partners IV-B, L.P. and ICONIQ Strategic Partners IV Co-Invest, L.P., Series P.

(2)

The percent of class was calculated based on 132,018,026 shares of Common Stock outstanding as of October 29, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 5, 2021.


   

 CUSIP No. 74275K908

 

 

                        SCHEDULE 13G

 

 

  Page 16 of 34 Pages

 

 

  1.   

NAMES OF REPORTING PERSONS

 

ICONIQ Strategic Partners IV TT GP, Ltd.

  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

 

6,280,324 (1)

   6.   

SHARED VOTING POWER

 

0

   7.   

SOLE DISPOSITIVE POWER

 

6,280,324 (1)

   8.   

SHARED DISPOSITIVE POWER

 

0

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

6,280,324 (1)

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% (2)

12.  

TYPE OF REPORTING PERSON

 

CO

 

(1)

Represents shares of Common Stock held by ICONIQ Strategic Partners IV, L.P., ICONIQ Strategic Partners IV-B, L.P. and ICONIQ Strategic Partners IV Co-Invest L.P., Series P. ICONIQ Strategic Partners IV GP, L.P. is the sole general partner of each of ICONIQ Strategic Partners IV, L.P., ICONIQ Strategic Partners IV-B, L.P. and ICONIQ Strategic Partners IV Co-Invest, L.P., Series P, and may be deemed to beneficially own the shares of stock held directly by each of ICONIQ Strategic Partners IV, L.P., ICONIQ Strategic Partners IV-B, L.P. and ICONIQ Strategic Partners IV Co-Invest, L.P., Series P. ICONIQ Strategic Partners IV TT GP, Ltd. is the sole general partner of ICONIQ Strategic Partners IV GP, L.P.

(2)

The percent of class was calculated based on 132,018,026 shares of Common Stock outstanding as of October 29, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 5, 2021.


   

 CUSIP No. 74275K908

 

 

                        SCHEDULE 13G

 

 

  Page 17 of 34 Pages

 

 

  1.   

NAMES OF REPORTING PERSONS

 

ICONIQ Strategic Partners V, L.P.

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☒

 

  3.  

SEC USE ONLY

 

    

  4.< /td>  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

SOLE VOTING POWER

 

115,070

   6.   

SHARED VOTING POWER

 

0

   7.   

SOLE DISPOSITIVE POWER

 

115,070

   8.   

SHARED DISPOSITIVE POWER

 

0

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

115,070

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐

 

    

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

0.1% (1)

12.  

TYPE OF REPORTING PERSON

 

PN

 

(1)

The percent of class was calculated based on 132,018,026 shares of Common Stock outstanding as of October 29, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 5, 2021.


   

 CUSIP No. 74275K908

 

 

                        SCHEDULE 13G

 

 

  Page 18 of 34 Pages

 

 

  1.   

NAMES OF REPORTING PERSONS

 

ICONIQ Strategic Partners V-B, L.P.

  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

 

177,265

   6.   

SHARED VOTING POWER

 

0

   7.   

SOLE DISPOSITIVE POWER

 

177,265

   8.   

SHARED DISPOSITIVE POWER

 

0

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

177,265

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐

 

    

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

0.1% (1)

12.  

TYPE OF REPORTING PERSON

 

PN

 

(1)

The percent of class was calculated based on 132,018,026 shares of Common Stock outstanding as of October 29, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 5, 2021.


   

 CUSIP No. 74275K908

 

 

                        SCHEDULE 13G

 

 

  Page 19 of 34 Pages

 

 

  1.   

NAMES OF REPORTING PERSONS

 

ICONIQ Strategic Partners V GP, L.P.

  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

 

292,335 (1)

   6.   

SHARED VOTING POWER

 

0

   7.   

SOLE DISPOSITIVE POWER

 

292,335 (1)

   8.   

SHARED DISPOSITIVE POWER

 

0

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

292,335 (1)

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% (2)

12.  

TYPE OF REPORTING PERSON

 

PN

 

(1)

Represents shares of Common Stock held by ICONIQ Strategic Partners V, L.P. and ICONIQ Strategic Partners V-B, L.P. ICONIQ Strategic Partners V GP, L.P. is the sole general partner of each of ICONIQ Strategic Partners V, L.P. and ICONIQ Strategic Partners IV-B, L.P and may be deemed to beneficially own the shares of stock held directly by each of ICONIQ Strategic Partners V, L.P. and ICONIQ Strategic Partners V-B, L.P.

(2)

The percent of class was calculated based on 132,018,026 shares of Common Stock outstanding as of October 29, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 5, 2021.


   

 CUSIP No. 74275K908

 

 

                        SCHEDULE 13G

 

 

  Page 20 of 34 Pages

 

 

  1.   

NAMES OF REPORTING PERSONS

 

ICONIQ Strategic Partners V TT GP, Ltd.

  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

 

292,335 (1)

   6.   

SHARED VOTING POWER

 

0

   7.   

SOLE DISPOSITIVE POWER

 

292,335 (1)

   8.   

SHARED DISPOSITIVE POWER

 

0

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

292,335 (1)

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCL UDES CERTAIN SHARES  ☐

 

    

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

0.2% (2)

12.  

TYPE OF REPORTING PERSON

 

CO

 

(1)

Represents shares of Common Stock held by ICONIQ Strategic Partners V, L.P. and ICONIQ Strategic Partners V-B, L.P. ICONIQ Strategic Partners V GP, L.P. is the sole general partner of each of ICONIQ Strategic Partners V, L.P. and ICONIQ Strategic Partners IV-B, L.P and may be deemed to beneficially own the shares of stock held directly by each of ICONIQ Strategic Partners V, L.P. and ICONIQ Strategic Partners V-B, L.P. ICONIQ Strategic Partners V TT GP, Ltd. is the sole general partner of ICONIQ Strategic Partners V GP, L.P.

(2)

The percent of class was calculated based on 132,018,026 shares of Common Stock outstanding as of October 29, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 5, 2021.


   

 CUSIP No. 74275K908

 

 

                        SCHEDULE 13G

 

 

  Page 21 of 34 Pages

 

 

  1.   

NAMES OF REPORTING PERSONS

 

Divesh Makan

  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 of America

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

SOLE VOTING POWER

 

43,864,312* (1)

   6.   

SHARED VOTING POWER

 

0

   7.   

SOLE DISPOSITIVE POWER

 

43,864,312* (1)

   8.   

SHARED DISPOSITIVE POWER

 

0

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

43,864,312* (1)

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐

 

    

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

33.2% (2)

12.  

TYPE OF REPORTING PERSON

 

IN

 

*

Includes 241,443 shares of Common Stock held by Divesh Makan through a family trust of which he is trustee and another estate planning trust having an independent trustee.

(1)

Represents 43,662,869 shares of Common Stock held directly by ICONIQ Strategic Partners II, L.P., ICONIQ Strategic Partners II-B, L.P., ICONIQ Strategic Partners II Co-Invest L.P., P Series, ICONIQ Strategic Partners III, L.P., ICONIQ Strategic Partners III-B, L.P., ICONIQ Strategic Partners III Co-Invest L.P., Series P, ICONIQ Strategic Partners IV, L.P., ICONIQ Strategic Partners IV-B, L.P., ICONIQ Strategic Partners IV Co-Invest, L.P., Series P, ICONIQ Strategic Partners V, L.P. and ICONIQ Strategic Partners V-B, L.P. ICONIQ Strategic Partners II GP, L.P. is the sole general partner of each of ICONIQ Strategic Partners II, L.P., ICONIQ Strategic Partners II-B, L.P. and ICONIQ Strategic Partners II Co-Invest, L.P., P Series, and may be deemed to beneficially own the shares of stock held directly by each of ICONIQ Strategic Partners II, L.P., ICONIQ Strategic Partners II-B, L.P. and ICONIQ Strategic Partners II Co-Invest, L.P., P Series. ICONIQ Strategic Partners II TT GP, Ltd. is the sole general partner of ICONIQ Strategic Partners II GP, L.P. ICONIQ Strategic Partners III GP, L.P. is the sole general partner of each of ICONIQ Strategic Partners III, L.P., ICONIQ Strategic Partners III-B, L.P. and ICONIQ Strategic Partners III Co-Invest, L.P., Series P, and may be deemed to beneficially own the shares of stock held directly by each of ICONIQ Strategic Partners III, L.P., ICONIQ Strategic Partners III-B, L.P. and ICONIQ Strategic Partners III Co-Invest, L.P., Series P. ICONIQ Strategic Partners III TT GP, Ltd. is the sole general partner of ICONIQ Strategic Partners III GP, L.P. ICONIQ Strategic Partners IV GP, L.P. is the sole general partner of each of ICONIQ Strategic Partners IV, L.P., ICONIQ Strategic Partners IV-B, L.P. and ICONIQ Strategic Partners IV Co-Invest, L.P., Series P, and may be deemed to beneficially own the shares of stock held directly by each of ICONIQ Strategic Partners IV, L.P., ICONIQ Strategic Partners IV-B, L.P. and ICONIQ Strategic Partners IV Co-Invest, L.P., Series P. ICONIQ Strategic Partners IV TT GP, Ltd. is the sole general partner of ICONIQ Strategic Partners IV GP, L.P. ICONIQ Strategic Partners V GP, L.P. is the sole general partner of each of ICONIQ Strategic Partners V, L.P. and ICONIQ Strategic Partners V-B, L.P. and may be deemed to beneficially own the shares of stock held directly by each of ICONIQ Strategic Partners V, L.P. and ICONIQ Strategic Partners V-B, L.P. ICONIQ Strategic Partners V TT GP, Ltd. is the sole general partner of ICONIQ Strategic Partners V GP, L.P. Divesh Makan and William J.G. Griffith are the sole equity


   

 CUSIP No. 74275K908

 

 

                        SCHEDULE 13G

 

 

  Page 22 of 34 Pages

 

 

  holders of each of ICONIQ Strategic Partners II TT GP, Ltd. and ICONIQ Strategic Partners III TT GP, Ltd. Divesh Makan, William J.G. Griffith and Matthew Jacobson are the sole equity holders of each of ICONIQ Strategic Partners IV TT GP, Ltd. and ICONIQ Strategic Partners V TT GP, Ltd.
(2)

The percent of class was calculated based on 132,018,026 shares of Common Stock outstanding as of October 29, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 5, 2021.


   

 CUSIP No. 74275K908

 

 

                        SCHEDULE 13G

 

 

  Page 23 of 34 Pages

 

 

  1.   

NAMES OF REPORTING PERSONS

 

William J.G. Griffith

  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 of America

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

SOLE VOTING POWER

 

43,864,434* (1)

   6.   

SHARED VOTING POWER

 

0

   7.   

SOLE DISPOSITIVE POWER

 

43,864,434* (1)

   8.   

SHARED DISPOSITIVE POWER

 

0

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

43,864,434* (1)

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐

 

    

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

33.2% (2)

12.  

TYPE OF REPORTING PERSON

 

IN

 

*

Includes 241,565 shares of Common Stock held by William J.G. Griffith through a family trust of which he is trustee and another estate planning trust having an independent trustee.

(1)

Represents 43,662,869 shares of Common Stock held directly by ICONIQ Strategic Partners II, L.P., ICONIQ Strategic Partners II-B, L.P., ICONIQ Strategic Partners II Co-Invest L.P., P Series, ICONIQ Strategic Partners III, L.P., ICONIQ Strategic Partners III-B, L.P., ICONIQ Strategic Partners III Co-Invest L.P., Series P, ICONIQ Strategic Partners IV, L.P., ICONIQ Strategic Partners IV-B, L.P., ICONIQ Strategic Partners IV Co-Invest, L.P., Series P, ICONIQ Strategic Partners V, L.P. and ICONIQ Strategic Partners V-B, L.P. ICONIQ Strategic Partners II GP, L.P. is the sole general partner of each of ICONIQ Strategic Partners II, L.P., ICONIQ Strategic Partners II-B, L.P. and ICONIQ Strategic Partners II Co-Invest, L.P., P Series, and may be deemed to beneficially own the shares of stock held directly by each of ICONIQ Strategic Partners II, L.P., ICONIQ Strategic Partners II-B, L.P. and ICONIQ Strategic Partners II Co-Invest, L.P., P Series. ICONIQ Strategic Partners II TT GP, Ltd. is the sole general partner of ICONIQ Strategic Partners II GP, L.P. ICONIQ Strategic Partners III GP, L.P. is the sole general partner of each of ICONIQ Strategic Partners III, L.P., ICONIQ Strategic Partners III-B, L.P. and ICONIQ Strategic Partners III Co-Invest, L.P., Series P, and may be deemed to beneficially own the shares of stock held directly by each of ICONIQ Strategic Partners III, L.P., ICONIQ Strategic Partners III-B, L.P. and ICONIQ Strategic Partners III Co-Invest, L.P., Series P. ICONIQ Strategic Partners III TT GP, Ltd. is the sole general partner of ICONIQ Strategic Partners III GP, L.P. ICONIQ Strategic Partners IV GP, L.P. is the sole general partner of each of ICONIQ Strategic Partners IV, L.P., ICONIQ Strategic Partners IV-B, L.P. and ICONIQ Strategic Partners IV Co-Invest, L.P., Series P, and may be deemed to beneficially own the shares of stock held directly by each of ICONIQ Strategic Partners IV, L.P., ICONIQ Strategic Partners IV-B, L.P. and ICONIQ Strategic Partners IV Co-Invest, L.P., Series P. ICONIQ Strategic Partners IV TT GP, Ltd. is the sole general partner of ICONIQ Strategic Partners IV GP, L.P. ICONIQ Strategic Partners V GP, L.P. is the sole general partner of each of ICONIQ Strategic Partners V, L.P. and ICONIQ Strategic Partners V-B, L.P. and may be deemed to beneficially own the shares of stock held directly by each of ICONIQ Strategic Partners V, L.P. and ICONIQ Strategic Partners V-B, L.P. ICONIQ Strategic Partners V TT GP, Ltd. is the sole general partner of ICONIQ Strategic Partners V GP, L.P. Divesh Makan and William J.G. Griffith are the sole equity


   

 CUSIP No. 74275K908

 

 

                        SCHEDULE 13G

 

 

  Page 24 of 34 Pages

 

 

  holders of each of ICONIQ Strategic Partners II TT GP, Ltd. and ICONIQ Strategic Partners III TT GP, Ltd. Divesh Makan, William J.G. Griffith and Matthew Jacobson are the sole equity holders of each of ICONIQ Strategic Partners IV TT GP, Ltd. and ICONIQ Strategic Partners V TT GP, Ltd.
(2)

The percent of class was calculated based on 132,018,026 shares of Common Stock outstanding as of October 29, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 5, 2021.


   

 CUSIP No. 74275K908

 

 

                        SCHEDULE 13G

 

 

  Page 25 of 34 Pages

 

 

  1.   

NAMES OF REPORTING PERSONS

 

Matthew Jacobson

  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 of America

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

SOLE VOTING POWER

 

6,641,594* (1)

   6.   

SHARED VOTING POWER

 

0

   7.   

SOLE DISPOSITIVE POWER

 

6,641,594* (1)

   8.   

SHARED DISPOSITIVE POWER

 

0

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

6,641,594* (1)

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐

 

    

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

5.0% (2)

12.  

TYPE OF REPORTING PERSON

 

IN

 

*

Includes 68,935 shares of Common Stock held by Matthew Jacobson through a trust of which he is trustee.

(1)

Represents 6,572,659 shares of Common Stock held directly by ICONIQ Strategic Partners IV, L.P., ICONIQ Strategic Partners IV-B, L.P., ICONIQ Strategic Partners IV Co-Invest, L.P., Series P, ICONIQ Strategic Partners V, L.P. and ICONIQ Strategic Partners V-B, L.P. ICONIQ Strategic Partners IV GP, L.P. is the sole general partner of each of ICONIQ Strategic Partners IV, L.P., ICONIQ Strategic Partners IV-B, L.P. and ICONIQ Strategic Partners IV Co-Invest, L.P., Series P, and may be deemed to beneficially own the shares of stock held directly by each of ICONIQ Strategic Partners IV, L.P., ICONIQ Strategic Partners IV-B, L.P. and ICONIQ Strategic Partners IV Co-Invest, L.P., Series P. ICONIQ Strategic Partners IV TT GP, Ltd. is the sole general partner of ICONIQ Strategic Partners IV GP, L.P. ICONIQ Strategic Partners V GP, L.P. is the sole general partner of each of ICONIQ Strategic Partners V, L.P. and ICONIQ Strategic Partners V-B, L.P. and may be deemed to beneficially own the shares of stock held directly by each of ICONIQ Strategic Partners V, L.P. and ICONIQ Strategic Partners V-B, L.P. ICONIQ Strategic Partners V TT GP, Ltd. is the sole general partner of ICONIQ Strategic Partners V GP, L.P. Divesh Makan, William J.G. Griffith and Matthew Jacobson are the sole equity holders of each of ICONIQ Strategic Partners IV TT GP, Ltd. and ICONIQ Strategic Partners V TT GP, Ltd.

(2)

The percent of class was calculated based on 132,018,026 shares of Common Stock outstanding as of October 29, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 5, 2021.


   

 CUSIP No. 74275K908

 

 

                        SCHEDULE 13G

 

 

  Page 26 of 34 Pages

 

 

Item 1.     Issuer  
  (a)   Name of Issuer:
    Procore Technologies, Inc. (the “Issuer”)
  (b)   Address of Issuer’s Principal Executive Offices:
    6309 Carpinteria Avenue
    Carpinteria, CA 93013
Item 2.     Filing Person
  (a) – (c)   Name of Persons Filing; Address; Citizenship:
    (i)   ICONIQ Strategic Partners II, L.P., a Cayman Islands exempted limited partnership (“ICONIQ II”).
    (ii)   ICONIQ Strategic Partners II-B, L.P., a Cayman Islands exempted limited partnership (“ICONIQ II-B”).
    (iii)   ICONIQ Strategic Partners II Co-Invest, L.P., P Series, a Delaware series limited partnership (“ICONIQ II Co-Invest” and, together with ICONIQ II and ICONIQ II-B, the “ICONIQ II Funds”).
    (iv)   ICONIQ Strategic Partners III, L.P., a Cayman Islands exempted limited partnership (“ICONIQ III”).
    (v)   ICONIQ Strategic Partners III-B, L.P., a Cayman Islands exempted limited partnership (“ICONIQ III-B”).
    (vi)   ICONIQ Strategic Partners III Co-Invest, L.P., Series P, a Delaware series limited partnership (“ICONIQ III Co-Invest” and, together with ICONIQ III and ICONIQ III-B, the “ICONIQ III Funds”).
    (vii)   ICONIQ Strategic Partners IV, L.P., a Cayman Islands exempted limited partnership (“ICONIQ IV”).
    (viii)   ICONIQ Strategic Partners IV-B, L.P., a Cayman Islands exempted limited partnership (“ICONIQ IV-B”).
    (ix)   ICONIQ Strategic Partners IV Co-Invest, L.P., Series P, a Delaware series limited partnership (“ICONIQ IV Co-Invest” and, together with ICONIQ IV and ICONIQ IV-B, the “ICONIQ IV Funds”).
    (x)   ICONIQ Strategic Partners V, L.P., a Cayman Islands exempted limited partnership (“ICONIQ V”).
    (xi)   ICONIQ Strategic Partners V-B, L.P., a Cayman Islands exempted limited partnership (“ICONIQ V-B” and, together with ICONIQ V, the “ICONIQ V Funds”).
    (xii)   ICONIQ Strategic Partners II GP, L.P., a Cayman Islands exempted limited partnership (“ICONIQ II GP”), the sole general partner of the ICONIQ II Funds.
    (xiii)   ICONIQ Strategic Partners III GP, L.P., a Cayman Islands exempted limited partnership (“ICONIQ III GP”), the sole general partner of the ICONIQ III Funds.
    (xiv)   ICONIQ Strategic Partners IV GP, L.P., a Cayman Islands exempted limited partnership (“ICONIQ IV GP”), the sole general partner of the ICONIQ IV Funds.
    (xv)   ICONIQ Strategic Partners V GP, L.P., a Cayman Islands exempted limited partnership (“ICONIQ V GP”), the sole general partner of the ICONIQ V Funds.
    (xvi)   ICONIQ Strategic Partners II TT GP, Ltd., a Cayman Islands exempted company (“ICONIQ II Parent GP”), the sole general partner of ICONIQ II GP.
    (xvii)   ICONIQ Strategic Partners III TT GP, Ltd., a Cayman Islands exempted company (“ICONIQ III Parent GP”), the sole general partner of ICONIQ III GP.
    (xviii)   ICONIQ Strategic Partners IV TT GP, Ltd., a Cayman Islands exempted company (“ICONIQ IV Parent GP”), the sole general partner of ICONIQ IV GP.
    (xix)   ICONIQ Strategic Partners V TT GP, Ltd., a Cayman Islands exempted company (“ICONIQ V Parent GP”), the sole general partner of ICONIQ V GP.
    (xx)   Divesh Makan, a citizen of the United States (“Makan”).
    (xxi)   William J.G. Griffith, a citizen of the United States (“Griffith”), together with Makan, are the sole equity holders of ICONIQ II Parent GP and ICONIQ III Parent GP.
    (xxii)   Matthew Jacobson, a citizen of the United States (“Jacobson”), together with Makan and Griffith, are the sole equity holders of ICONIQ IV Parent GP and ICONIQ V Parent GP.


   

 CUSIP No. 74275K908

 

 

                        SCHEDULE 13G

 

 

  Page 27 of 34 Pages

 

 

      The address of the principal business office of each of the reporting persons is c/o ICONIQ Capital, 394 Pacific Avenue, 2nd Floor, San Francisco, CA 94111.
   (d)    Title of Class of Securities:
      Common Stock, $0.0001 par value per share ( “Common Stock”)
   (e)   

CUSIP Number:

 

833445109

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:
      If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:
Item 4.    Ownership.
   (a) and (b)      Amount beneficially owned:   
        (i)    ICONIQ II directly owns 11,225,164 shares of Common Stock, which represents approximately 8.5% of the outstanding Common Stock.
        (ii)    ICONIQ II-B directly owns 8,787,037 shares of Common Stock, which represents approximately 6.7% of the outstanding Common Stock.
        (iii)    ICONIQ II Co-Invest directly owns 4,160,944 shares of Common Stock, which represents approximately 3.2% of the outstanding Common Stock.
        (iv)    ICONIQ II GP may be deemed to beneficially own 24,173,145 shares of Common Stock owned by the ICONIQ II Funds, which represents approximately 18.3% of the outstanding Common Stock.
        (v)    ICONIQ II Parent GP may be deemed to beneficially own 24,173,145 shares of Common Stock owned by the ICONIQ II Funds, which represents approximately 18.3% of the outstanding Common Stock.
        (vi)    ICONIQ III directly owns 5,237,611 shares of Common Stock, which represents approximately 4.0% of the outstanding Common Stock.
        (vii)    ICONIQ III-B directly owns 5,596,460 shares of Commo n Stock, which represents approximately 4.2% of the outstanding Common Stock.
        (viii)    ICONIQ III Co-Invest directly owns 2,042,994 shares of Common Stock, which represents approximately 1.5% of the outstanding Common Stock.
        (ix)    ICONIQ III GP may be deemed to beneficially own 12,877,065 shares of Common Stock owned by the ICONIQ III Funds, which represents approximately 9.8% of the outstanding Common Stock.


   

 CUSIP No. 74275K908

 

 

                        SCHEDULE 13G

 

 

  Page 28 of 34 Pages

 

 

      (x)    ICONIQ III Parent GP may be deemed to beneficially own 12,877,065 shares of Common Stock owned by the ICONIQ III Funds, which represents approximately 9.8% of the outstanding Common Stock.
      (xi)    ICONIQ IV directly owns 2,009,823 shares of Common Stock, which represents approximately 1.5% of the outstanding Common Stock.
      (xii)    ICONIQ IV-B directly owns 3,330,058 shares of Common Stock, which represents approximately 2.5% of the outstanding Common Stock.
      (xiii)    ICONIQ IV Co-Invest directly owns 940,443 shares of Common Stock, which represents approximately 0.7% of the outstanding Common Stock.
      (xiv)    ICONIQ IV GP may be deemed to beneficially own 6,280,324 shares of Common Stock owned by the ICONIQ IV Funds, which represents approximately 4.8% of the outstanding Common Stock.
      (xv)    ICONIQ IV Parent GP may be deemed to beneficially own 6,280,324 shares of Common Stock owned by the ICONIQ IV Funds, which represents approximately 4.8% of the outstanding Common Stock.
      (xvi)    ICONIQ V directly owns 115,070 shares of Common Stock, which represents approximately 0.1% of the outstanding Common Stock.
      (xvii)    ICONIQ V-B directly owns 177,265 shares of Common Stock, which represents approximately 0.1% of the outstanding Common Stock.
      (xviii)    ICONIQ V GP may be deemed to beneficially own 292,335 shares of Common Stock owned by the ICONIQ V Funds, which represents approximately 0.2% of the outstanding Common Stock.
      (xix)    ICONIQ V Parent GP may be deemed to beneficially own 292,335 shares of Common Stock owned by the ICONIQ V Funds, which represents approximately 0.2% of the outstanding Common Stock.
      (xx)    Makan directly owns 241,443 shares of Common Stock and may be deemed to beneficially own 43,622,869 shares of Common Stock owned by the ICONIQ II Funds, the ICONIQ III Funds, the ICONIQ IV Funds and the ICONIQ V Funds, which represents approximately 33.2% of the outstanding Common Stock.
      (xxi)    Griffith directly owns 241,565 shares of Common Stock and may be deemed to beneficially own 43,622,869 shares of Common Stock owned by the ICONIQ II Funds, the ICONIQ III Funds, the ICONIQ IV Funds and the ICONIQ V Funds, which represents approximately 33.2% of the outstanding Common Stock.
      (xxii)    Jacobson directly owns 68,935 shares of Common Stock and may be deemed to beneficially own 6,572,659 shares of Common Stock owned by the ICONIQ IV Funds and the ICONIQ V Funds, which represents approximately 5.0% of the outstanding Common Stock.
  (c)        Number of shares to which such person has:

 

     Number of Common Stock  

Reporting Person

   (i)          (ii)          (iii)          (iv)      

ICONIQ II

     11,225,164        0        11,225,164        0  

ICONIQ II-B

     8,787,037        0        8,787,037        0  

ICONIQ II Co-Invest

     4,160,944        0        4,160,944        0  

ICONIQ II GP

     24,173,145        0        24,173,145        0  

ICONIQ II Parent GP

     24,173,145        0        24,173,145        0  

ICONIQ III

     5,237,611        0        5,237,611        0  

ICONIQ III-B

     5,596,460        0        5,596,460        0  

ICONIQ III Co-Invest

     2,042,994        0        2,042,994        0  

ICONIQ III GP

     12,877,065        0        12,877,065        0  

ICONIQ III Parent GP

     12,877,065        0        12,877,065        0  

ICONIQ IV

     2,009,823        0        2,009,823        0  

ICONIQ IV-B

     3,330,058        0        3,330,058        0  

ICONIQ IV Co-Invest

     940,443        0        940,443        0  

ICONIQ IV GP

     6,280,324        0        6,280,324        0  

ICONIQ IV Parent GP

     6,280,324        0        6,280,324        0  

ICONIQ V

     115,070        0        115,070        0  

ICONIQ V-B

     177,265        0        177,265        0  

ICONIQ V GP

     292,335        0      ;   292,335        0  

ICONIQ V Parent GP

     292,335        0        292,335        0  

Makan

     43,864,312        0        43,864,312        0  

Griffith

     43,864,434        0        43,864,434        0  

Jacobson

     6,641,594        0        6,641,594        0  

 

(i)

Sole power to vote or direct the vote


   

 CUSIP No. 74275K908

 

 

                        SCHEDULE 13G

 

 

  Page 29 of 34 Pages

 

 

(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 132,018,026 shares of Common Stock outstanding as of October 29, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 5, 2021.

 

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.

The Reporting Persons expressly disclaim membership in a “group” as used in Rule 13d-5(b)(1).

 

Item 9.

Notice of Dissolution of Group.

Not applicable.

 

Item 10.

Certification.

Not applicable.


   

 CUSIP No. 74275K908

 

 

                        SCHEDULE 13G

 

 

  Page 30 of 34 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 14, 2022

 

ICONIQ Strategic Partners II, L.P., a Cayman
Islands exempted limited partnership
By:   ICONIQ Strategic Partners II GP, L.P., a
  Cayman Islands Exempted limited partner,
  its General Partner
By:   ICONIQ Strategic Partners II TT GP, Ltd, a
  Cayman Islands exempted company,
  its General Partner
By:   Kevin Foster
Title:   Authorized Person

/s/ Kevin Foster

Signature of Reporting Person

 

ICONIQ Strategic Partners II-B, L.P., a Cayman
Islands exempted limited partnership
By:   ICONIQ Strategic Partners II GP, L.P., a
  Cayman Islands exempted limited
  partnership, its General Partner
By:   ICONIQ Strategic Partners II TT GP, Ltd., a
  Cayman Islands exempted company, its
  General Partner
By:   Kevin Foster
Title:   Authorized Person

/s/ Kevin Foster

Signature of Reporting Person

 

ICONIQ Strategic Partners II Co-Invest, L.P., a
Delaware series limited partnership, P Series
By:   ICONIQ Strategic Partners II GP, L.P., a
  Cayman Islands exempted limited
  partnership, its General Partner
By:   ICONIQ Strategic Partners II TT GP, Ltd., a
  Cayman Islands exempted company, its
  General Partner
By:   Kevin Foster
Title:   Authorized Person

/s/ Kevin Foster

Signature of Reporting Person


   

 CUSIP No. 74275K908

 

 

                        SCHEDULE 13G

 

 

  Page 31 of 34 Pages

 

 

ICONIQ Strategic Partners III, L.P., a Cayman Islands exempted limited partnership
By:   ICONIQ Strategic Partners III GP, L.P., a
 

Cayman Islands Exempted limited partner,

  its General Partner
By:   ICONIQ Strategic Partners III TT GP, Ltd, a
  Cayman Islands exempted company,
  its General Partner
By:   Kevin Foster
Title:   Authorized Person

/s/ Kevin Foster

Signature of Reporting Person

 

ICONIQ Strategic Partners III-B, L.P., a Cayman
Islands exempted limited partnership
By:   ICONIQ Strategic Partners III GP, L.P., a
  Cayman Islands exempted limited
  partnership, its General Partner
By:   ICONIQ Strategic Partners III TT GP, Ltd., a
  Cayman Islands exempted company, its
  General Partner
By:   Kevin Foster
Title:   Authorized Person

/s/ Kevin Foster

Signature of Reporting Person

 

ICONIQ Strategic Partners III Co-Invest, L.P., a
Delaware series limited partnership, Series P
By:   ICONIQ Strategic Partners III GP, L.P., a
  Cayman Islands exempted limited
  partnership, its General Partner
By:   ICONIQ Strategic Partners III TT GP, Ltd., a
  Cayman Islands exempted company, its
  General Partner
By:   Kevin Foster
Title:   Authorized Person

/s/ Kevin Foster

Signature of Reporting Person

 

ICONIQ Strategic Partners IV, L.P., a Cayman
Islands exempted limited partnership
By:   ICONIQ Strategic Partners IV GP, L.P., a
  Cayman Islands Exempted limited partner,
  its General Partner
By:   ICONIQ Strategic Partners IV TT GP, Ltd, a
  Cayman Islands exempted company,
  its General Partner
By:   Kevin Foster
Title:   Authorized Person

/s/ Kevin Foster

Signature of Reporting Person


   

 CUSIP No. 74275K908

 

 

                        SCHEDULE 13G

 

 

  Page 32 of 34 Pages

 

 

ICONIQ Strategic Partners IV-B, L.P., a Cayman
Islands exempted limited partnership
By:   ICONIQ Strategic Partners IV GP, L.P., a
  Cayman Islands exempted limited
  partnership, its General Partner
By:   ICONIQ Strategic Partners IV TT GP, Ltd., a
  Cayman Islands exempted company, its
  General Partner
By:   Kevin Foster
Title:   Authorized Person

/s/ Kevin Foster

Signature of Reporting Person

 

ICONIQ Strategic Partners IV Co-Invest, L.P., a
Delaware series limited partnership, Series P
By:   ICONIQ Strategic Partners IV GP, L.P., a
  Cayman Islands exempted limited
  partnership, its General Partner
By:   ICONIQ Strategic Partners IV TT GP, Ltd., a
  Cayman Islands exempted company, its
  General Partner
By:   Kevin Foster
Title:   Authorized Person

/s/ Kevin Foster

Signature of Reporting Person

 

ICONIQ Strategic Partners V, L.P., a Cayman
Islands exempted limited partnership
By:   ICONIQ Strategic Partners V GP, L.P., a
  Cayman Islands Exempted limited partner,
  its General Partner
By:   ICONIQ Strategic Partners V TT GP, Ltd, a
  Cayman Islands exempted company,
  its General Partner
By:   Kevin Foster
Tit le:   Authorized Person

/s/ Kevin Foster

Signature of Reporting Person

 

ICONIQ Strategic Partners V-B, L.P., a Cayman
Islands exempted limited partnership
By:   ICONIQ Strategic Partners V GP, L.P., a
  Cayman Islands exempted limited
  partnership, its General Partner
By:   ICONIQ Strategic Partners V TT GP, Ltd., a
  Cayman Islands exempted company, its
  General Partner
By:   Kevin Foster
Title:   Authorized Person

/s/ Kevin Foster

Signature of Reporting Person


   

 CUSIP No. 74275K908

 

 

                        SCHEDULE 13G

 

 

  Page 33 of 34 Pages

 

 

ICONIQ Strategic Partners II GP, L.P., a
Cayman Islands exempted limited
partnership
By:   ICONIQ Strategic Partners II TT GP, Ltd., a
  Cayman Islands exempted company, its
  General Partner
By:   Kevin Foster
Title:   Authorized Person

/s/ Kevin Foster

Signature of Reporting Person

 

ICONIQ Strategic Partners III GP, L.P., a
Cayman Islands exempted limited
partnership
By:   ICONIQ Strategic Partners III TT GP, Ltd., a
  Cayman Islands exempted company, its
  General Partner
By:   Kevin Foster
Title:   Authorized Person

/s/ Kevin Foster

Signature of Reporting Person

 

ICONIQ Strategic Partners IV GP, L.P., a
Cayman Islands exempted limited
partnership
By:   ICONIQ Strategic Partners IV TT GP, Ltd., a
  Cayman Islands exempted company, its
  General Partner
By:   Kevin Foster
Title:   Authorized Person

/s/ Kevin Foster

Signature of Reporting Person

 

ICONIQ Strategic Partners V GP, L.P., a Cayman Islands exempted limited partnership
By:   ICONIQ Strategic Partners V TT GP, Ltd., a
  Cayman Islands exempted company, its
  General Partner
By:   Kevin Foster
Title:   Authorized Person

/s/ Kevin Foster

Signature of Reporting Person


   

 CUSIP No. 74275K908

 

 

                        SCHEDULE 13G

 

 

  Page 34 of 34 Pages

 

 

ICONIQ Strategic Partners II TT GP, Ltd., a
Cayman Islands exempted company
By:   Kevin Foster
Title:   Authorized Person

/s/ Kevin Foster

Signature of Reporting Person

 

ICONIQ Strategic Partners III TT GP, Ltd., a
Cayman Islands exempted company
By:   Kevin Foster
Title:   Authorized Person

/s/ Kevin Foster

Signature of Reporting Person

 

ICONIQ Strategic Partners IV TT GP, Ltd., a
Cayman Islands exempted company
By:   Kevin Foster
Title:   Authorized Person

/s/ Kevin Foster

Signature of Reporting Person

 

ICONIQ Strategic Partners V TT GP, Ltd., a
Cayman Islands exempted company
By:   Kevin Foster
Title:   Authorized Person

/s/ Kevin Foster

Signature of Reporting Person

/s/ Divesh Makan

Signature of Reporting Person

/s/ William J.G. Griffith

Signature of Reporting Person

/s/ Matthew Jacobson

Signature of Reporting Person