Sec Form 13D Filing - Saxonov Serge filing for 10x Genomics Inc. (TXG) - 2021-07-30

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

10x Genomics, Inc.

(Name of Issuer)

Class A Common Stock, par value $.00001 per share

(Title of Class of Securities)

88025U109

(CUSIP Number)

Serge Saxonov

Chief Executive Officer

10x Genomics, Inc.

6230 Stoneridge Mall Road

Pleasanton, CA 94588

(925) 401-7300

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

July 6, 2021

(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.   ☐

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

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).

SCHEDULE 13D

Explanatory Note

This Amendment No. 1 (this “Amendment”) amends and supplements the Schedule 13D filed on October 10, 2019 (the “Schedule 13D”) by Serge Saxonov (the “Reporting Person”) relating to the Class A Common Stock of 10x Genomics, Inc. (the “Issuer”). Information reported in the Schedule 13D remains in effect except to the extent that it is amended, restated or superseded by information contained in this Amendment. Capitalized terms used but not defined in this Amendment have the respective meanings set forth in the Schedule 13D. All references in the Schedule 13D and this Amendment shall be deemed to refer to the Schedule 13D as amended and supplemented by this Amendment.

Item 3. Source and Amount of Funds or Other Consideration

Item 3 is amended and restated in its entirety to read as follows:

In connection with the founding of the Issuer, on July 12, 2012, the Reporting Person purchased 500 shares of Class B Common Stock for an aggregate purchase price of $100.00. Pursuant to a 6,000-for-1 stock split effected September 26, 2012, the number of shares of Class B Common Stock held by the Reporting Person increased to 3,000,000. On December 17, 2018, the Reporting Person gifted 250,000 shares of Class B Common Stock to each of the following trusts, of which the Reporting Person is the sole trustee, for the benefit of the Reporting Person or the Reporting Person’s immediate family: (i) Polaris 2018 Irrevocable Trust, (ii) Antares 2018 Irrevocable Trust, (iii) Arcturus 2018 Irrevocable Trust, (iv) FLY 2018 Irrevocable Trust, (v) LY 2018 Irrevocable Trust, (vi) MS 2018 Irrevocable Trust, and (vii) NS 2018 Irrevocable Trust (each, a “Trust” and, collectively, the “Trusts”). Following the transfers to the Trusts, the Reporting person directly held 1,250,000 shares of Class B Common Stock.

On November 1, 2013, the Reporting Person purchased 31,865 shares of Series A-1 Preferred Stock for an aggregate purchase price of $27,047.01. On September 16, 2019, the Series A-1 Preferred Stock automatically converted into Class B Common Stock of the Issuer, on a one-for-one basis, immediately prior to the completion of the IPO.

On October 27, 2015, the Issuer granted to the Reporting Person an option to purchase 500,000 shares of Class A Common Stock at a per share exercise price of $0.88. Such option vested as to one-fourth of the shares on August 1, 2016 and one-forty-eighth of the shares subject to the option vested each month thereafter. On various dates ranging from November 22, 2017 to August 2, 2019, the Reporting Person purchased 500,000 shares of Class A Common Stock upon the exercise of the option, for an aggregate purchase price of $440,000.00.

On November 18, 2016, the Issuer granted to the Reporting Person an option to purchase 200,000 shares of Class A Common Stock at a per share exercise price of $1.07. Such option vested as to one-fourth of the shares on August 1, 2017 and one-forty-eighth of the shares subject to the option vest each month thereafter, subject to the Reporting Person continuing as a service provider through each such date. On various dates ranging from November 22, 2017 to December 22, 2020, the Reporting Person purchased an aggregate of 200,000 shares of Class A Common Stock upon the exercise of the option, for an aggregate purchase price of $214,000.00.

On October 18, 2017, the Issuer granted to the Reporting Person an option to purchase 300,000 shares of Class A Common Stock at a per share exercise price of $1.20. Such option vested as to one-forty-eighth of the shares on October 1, 2017 and one-forty-eighth of the shares subject to the option vest each month thereafter, subject to the Reporting Person continuing as a service provider through each such date. On various dates ranging from November 22, 2017 to December 22, 2020, the Reporting Person purchased an aggregate of 191,102 shares of Class A Common Stock upon the exercise of the option, for an aggregate purchase price of $229,322.40.

On October 18, 2017, the Issuer granted to the Reporting Person an option to purchase 150,000 shares of Class A Common Stock at a per share exercise price of $1.20. Such option vested as to one-thirty-sixth of the shares on January 1, 2019 and one-thirty-sixth of the shares subject to the option vest each month thereafter,

subject to the Reporting Person continuing as a service provider through each such date. On various dates ranging from March 6, 2019 to October 14, 2019, the Reporting Person purchased an aggregate of 37,500 shares of Class A Common Stock upon the exercise of the option, for an aggregate purchase price of $45,000.00.

On October 18, 2017, the Issuer granted to the Reporting Person an option to purchase 150,000 shares of Class A Common Stock at a per share exercise price of $1.20. Such option is scheduled to vest as to one-thirty-sixth of the shares on January 1, 2020 and each month thereafter, subject to the determination by the Board that the Issuer has achieved a specified revenue target for fiscal year 2019 and subject to the Reporting Person continuing as a service provider through each such date. On January 10, 2020, the Compensation Committee of the Board determined that certain performance targets had been achieved pertaining to the option.

On November 2, 2018, the Issuer granted to the Reporting Person an option to purchase 250,000 shares of Class A Common Stock at a per share exercise price of $5.04. Such option vested as to one-forty-eighth of the shares on October 1, 2018 and one-forty-eighth of the shares subject to the option vest each month thereafter, subject to the Reporting Person continuing as a service provider through each such date. On various dates ranging from December 18, 2018 to July 6, 2021, the Reporting Person purchased an aggregate of 170,635 shares of Class A Common Stock upon the exercise of the option, for an aggregate purchase price of $860,000.40.

On May 10, 2019, the Issuer granted to the Reporting Person an option to purchase 145,786 shares of Class A Common Stock at a per share exercise price of $11.48. Such option vested as to one-forty-eighth of the shares on May 1, 2019 and one-forty-eighth of the shares subject to the option vest each month thereafter, subject to the Reporting Person continuing as a service provider through each such date. On various dates ranging from June 3, 2019 to July 6, 2021, the Reporting Person purchased an aggregate of 68,073 shares of Class A Common Stock upon the exercise of the option, for an aggregate purchase price of $781,478.04.

On April 21, 2020 the Issuer granted to the Reporting Person an option to purchase 235,733 shares of Class A Common Stock at a per share exercise price of $74.58. Such option vested as to one-forty-eighth of the shares on May 1, 2020 and one-forty-eighth of the shares subject to the option vest each month thereafter, subject to the Reporting Person continuing as a service provider through each such date.

On March 19, 2021 the Issuer granted to the Reporting Person an option to purchase 61,428 shares of Class A Common Stock at a per share exercise price of $177.76. Such option vested as to one-forty-eighth of the shares on May 1, 2021 and one-forty-eighth of the shares subject to the option vest each month thereafter, subject to the Reporting Person continuing as a service provider through each such date.

On March 19, 2021 the Issuer granted to the Reporting Person 24,571 restricted stock units (“RSUs”). Such RSUs vested as to one-sixteenth of the shares on May 21, 2021 and one-sixteenth of the RSUs vest on each three-month anniversary thereafter, subject to the Reporting Person continuing as a service provider through each such date.

The source of the funds for the purchase of the securities listed above was the Reporting Person’s personal funds. No part of the purchase price was borrowed by the Reporting Person for the purpose of acquiring such securities.

Item 4. Purpose of Transaction

The third paragraph of Item 4 is amended and restated in its entirety to read as follows:

The Reporting Person serves as a member Board. In connection with the IPO, the Board was divided into three classes serving staggered three-year terms. The Reporting Person was appointed as a Class I director to serve until the Issuer’s 2020 Annual Meeting of Stockholders. At the Issuer’s 2020 Annual Meeting of Stockholders, the Reporting Person was elected as a Class I director to serve until the Issuer’s 2023 Annual Meeting of Stockholders, or until his successor has been duly elected and qualified, or until his earlier death, resignation or removal.

Item 5. Interest in Securities of the Issuer

Item 5 is amended and restated in its entirety to read as follows:

The information set forth in Items 3, 4 and 6 of this Statement is incorporated by reference into this Item 5.

(a) The Reporting Person is the beneficial owner of 4,851,530 shares of Class A Common Stock, representing 5.3% of the outstanding Class A Common Stock of the Issuer. Such percentage calculation is based on (i) 87,267,824 shares of Class A Common Stock outstanding as of April 30, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 7, 2021, plus (ii) the assumed conversion of 1,281,865 shares of Class B Common Stock held by the Reporting Person into 1,281,865 shares of Class A Common Stock, (iii) the assumed conversion of 1,750,000 shares of Class B Common Stock held by the Trusts into 1,750,000 shares of Class A Common Stock, and (iv) the issuance of 825,637 shares of Class A Common Stock upon exercise of stock options held by the Reporting Person.

Each share of Class B Common Stock is convertible at any time into one share of Class A Common Stock at the option of the holder and has no expiration date. Additionally, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon transfer, whether or not for value (subject to certain exceptions) and upon the occurrence of certain other events set forth in the Issuer’s Amended and Restated Certificate of Incorporation. Each share of Class B Common Stock is entitled to ten votes per share, whereas each share of Class A Common Stock is entitled to one vote per share.

(b) The number of shares as to which the Reporting Person has:

(c) In addition to transactions disclosed elsewhere in this Statement, the Reporting Person had the following transactions in the Issuer’s securities during the past sixty days:

(d) Not applicable.

(e) Not applicable.

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.