Sec Form 13G Filing - GV 2019 L.P. filing for Prime Medicine Inc. (PRME) - 2024-02-09

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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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

Schedule 13G

 

Under the Securities Exchange Act of 1934
(Amendment No. 1)*

 

 

 

Prime Medicine, Inc.

(Name of Issuer)

 

Common Stock, par value $0.00001 per share

(Title of Class of Securities)

 

74168J101

(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)

 

xRule 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.  74168J101 Page 2 of 17

 

1

NAME OF REPORTING PERSONS

 

GV 2019, 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

 

Delaware

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON

WITH:

5

SOLE VOTING POWER

 

0

6

SHARED VOTING POWER

 

10,100,058 (1)

7

SOLE DISPOSITIVE POWER.

 

0

8

SHARED DISPOSITIVE POWER

 

10,100,058 (1)

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

10,100,058 (1)

10

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

 

¨

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

10.4% (2)

12

TYPE OF REPORTING PERSON

 

PN

 

(1)Consists of 10,100,058 shares of Common Stock of Prime Medicine, Inc. (the “Issuer”) held directly by GV 2019, L.P. (the “2019 Partnership”). The general partner of the 2019 Partnership is GV 2019 GP, L.P. (“2019 GP”). The general partner of 2019 GP is GV 2019 GP, L.L.C. (“2019 LLC”). The sole member of 2019 LLC is Alphabet Holdings LLC (“Alphabet Holdings”). The sole member of Alphabet Holdings is XXVI Holdings Inc. (“XXVI”). The controlling stockholder of XXVI is Alphabet Inc. (Alphabet Inc., together with 2019 GP, 2019 LLC, Alphabet Holdings, and XXVI may be collectively referred to as the “2019 Partnership Affiliates”). Each of the 2019 Partnership Affiliates may be deemed to indirectly beneficially own (as that term is defined in Rule 13d-3 of the Securities Exchange Act of 1934 (as amended, the “Exchange Act”)) the securities directly beneficially owned by the 2019 Partnership.

 

(2)Calculated in accordance with Rule 13(d)-3(d)(1)(i) promulgated under the Exchange Act and based on an aggregate total of 97,324,301 shares of the Issuer’s Common Stock outstanding as of October 31, 2023 as reported by the Issuer in its Quarterly Report for the period ended September 30, 2023, filed on Form 10-Q with the Securities and Exchange Commission (the “SEC”) on November 3, 2023.

 

 

 

 

CUSIP No.  74168J101 Page 3 of 17

 

1

NAME OF REPORTING PERSONS

 

GV 2019 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

 

Delaware

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON

WITH:

5

SOLE VOTING POWER

 

0

6

SHARED VOTING POWER

 

10,100,058 (1)

7

SOLE DISPOSITIVE POWER.

 

0

8

SHARED DISPOSITIVE POWER

 

10,100,058 (1)

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

10,100,058 (1)

10

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

 

¨

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

10.4% (2)

12

TYPE OF REPORTING PERSON

 

PN

 

(1)Consists of 10,100,058 shares of Common Stock of the Issuer held directly by the 2019 Partnership. The general partner of the 2019 Partnership is 2019 GP. The general partner of 2019 GP is 2019 LLC. The sole member of 2019 LLC is Alphabet Holdings. The sole member of Alphabet Holdings is XXVI. The controlling stockholder of XXVI is Alphabet Inc. Each of the 2019 Partnership Affiliates may be deemed to indirectly beneficially own (as that term is defined in Rule 13d-3 of the Exchange Act) the securities directly beneficially owned by the 2019 Partnership.

 

(2)Calculated in accordance with Rule 13(d)-3(d)(1)(i) promulgated under the Exchange Act and based on an aggregate total of 97,324,301 shares of the Issuer’s Common Stock outstanding as of October 31, 2023 as reported by the Issuer in its Quarterly Report for the period ended September 30, 2023, filed on Form 10-Q with the SEC on November 3, 2023.

 

 

 

 

CUSIP No.  74168J101 Page 4 of 17

 

1

NAME OF REPORTING PERSONS

 

GV 2019 GP, L.L.C.

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

 

10,100,058 (1)

7

SOLE DISPOSITIVE POWER.

 

0

8

SHARED DISPOSITIVE POWER

 

10,100,058 (1)

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

10,100,058 (1)

10

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

 

¨

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

10.4% (2)

12

TYPE OF REPORTING PERSON

 

OO

 

(1)Consists of 10,100,058 shares of Common Stock of the Issuer held directly by the 2019 Partnership. The general partner of the 2019 Partnership is 2019 GP. The general partner of 2019 GP is 2019 LLC. The sole member of 2019 LLC is Alphabet Holdings. The sole member of Alphabet Holdings is XXVI. The controlling stockholder of XXVI is Alphabet Inc. Each of the 2019 Partnership Affiliates may be deemed to indirectly beneficially own (as that term is defined in Rule 13d-3 of the Exchange Act) the securities directly beneficially owned by the 2019 Partnership.

 

(2)Calculated in accordance with Rule 13(d)-3(d)(1)(i) promulgated under the Exchange Act and based on an aggregate total of 97,324,301 shares of the Issuer’s Common Stock outstanding as of October 31, 2023 as reported by the Issuer in its Quarterly Report for the period ended September 30, 2023, filed on Form 10-Q with the SEC on November 3, 2023.

 

 

 

 

CUSIP No.  74168J101 Page 5 of 17

 

1

NAME OF REPORTING PERSONS

 

GV 2021, 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

 

Delaware

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON

WITH:

5

SOLE VOTING POWER

 

0

6

SHARED VOTING POWER

 

1,762,440 (1)

7

SOLE DISPOSITIVE POWER.

 

0

8

SHARED DISPOSITIVE POWER

 

1,762,440 (1)

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,762,440 (1)

10

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

 

¨

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

1.8% (2)

12

TYPE OF REPORTING PERSON

 

PN

 

(1)Consists of 1,762,440 shares of the Issuer’s Common Stock directly beneficially owned by GV 2021, L.P. (the “2021 Partnership”). The general partner of the 2021 Partnership is GV 2021 GP, L.P. (“2021 GP”). The general partner of the 2021 GP is GV 2021 GP, L.L.C. (“2021 LLC”). The sole member of 2021 LLC is Alphabet Holdings. The sole member of Alphabet Holdings is XXVI. The controlling stockholder of XXVI is Alphabet Inc. (Alphabet Inc., together with 2021 GP, 2021 LLC, Alphabet Holdings, and XXVI may be referred to as the “2021 Partnership Affiliates”). Each of the 2021 Partnership Affiliates may be deemed to indirectly beneficially own (as that term is defined in Rule 13d-3 of the Exchange Act) the securities directly beneficially owned by the 2021 Partnership.

 

(2)Calculated in accordance with Rule 13(d)-3(d)(1)(i) promulgated under the Exchange Act and based on an aggregate total of 97,324,301 shares of the Issuer’s Common Stock outstanding as of October 31, 2023 as reported by the Issuer in its Quarterly Report for the period ended September 30, 2023, filed on Form 10-Q with the SEC on November 3, 2023.

 

 

 

 

CUSIP No.  74168J101 Page 6 of 17

 

1

NAME OF REPORTING PERSONS

 

GV 2021 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

 

Delaware

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON

WITH:

5

SOLE VOTING POWER

 

0

6

SHARED VOTING POWER

 

1,762,440 (1)

7

SOLE DISPOSITIVE POWER.

 

0

8

SHARED DISPOSITIVE POWER

 

1,762,440 (1)

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,762,440 (1)

10

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

 

¨

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

1.8% (2)

12

TYPE OF REPORTING PERSON

 

PN

 

(1)Consists of 1,762,440 shares of the Issuer’s Common Stock directly beneficially owned by the 2021 Partnership. The general partner of the 2021 Partnership is 2021 GP. The general partner of the 2021 GP is 2021 LLC. The sole member of 2021 LLC is Alphabet Holdings. The sole member of Alphabet Holdings is XXVI. The controlling stockholder of XXVI is Alphabet Inc. Each of the 2021 Partnership Affiliates may be deemed to indirectly beneficially own (as that term is defined in Rule 13d-3 of the Exchange Act) the securities directly beneficially owned by the 2021 Partnership.

 

(2)Calculated in accordance with Rule 13(d)-3(d)(1)(i) promulgated under the Exchange Act and based on an aggregate total of 97,324,301 shares of the Issuer’s Common Stock outstanding as of October 31, 2023 as reported by the Issuer in its Quarterly Report for the period ended September 30, 2023, filed on Form 10-Q with the SEC on November 3, 2023.

 

 

 

 

CUSIP No.  74168J101 Page 7 of 17

 

1

NAME OF REPORTING PERSONS

 

GV 2021 GP, L.L.C.

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

 

1,762,440 (1)

7

SOLE DISPOSITIVE POWER.

 

0

8

SHARED DISPOSITIVE POWER

 

1,762,440 (1)

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,762,440 (1)

10

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

 

¨

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

1.8% (2)

12

TYPE OF REPORTING PERSON

 

OO

 

(1)Consists of 1,762,440 shares of the Issuer’s Common Stock directly beneficially owned by the 2021 Partnership. The general partner of the 2021 Partnership is 2021 GP. The general partner of the 2021 GP is 2021 LLC. The sole member of 2021 LLC is Alphabet Holdings. The sole member of Alphabet Holdings is XXVI. The controlling stockholder of XXVI is Alphabet Inc. Each of the 2021 Partnership Affiliates may be deemed to indirectly beneficially own (as that term is defined in Rule 13d-3 of the Exchange Act) the securities directly beneficially owned by the 2021 Partnership.

 

(2)Calculated in accordance with Rule 13(d)-3(d)(1)(i) promulgated under the Exchange Act and based on an aggregate total of 97,324,301 shares of the Issuer’s Common Stock outstanding as of October 31, 2023 as reported by the Issuer in its Quarterly Report for the period ended September 30, 2023, filed on Form 10-Q with the SEC on November 3, 2023.

 

 

 

 

CUSIP No.  74168J101 Page 8 of 17

 

1

NAME OF REPORTING PERSONS

 

Alphabet Holdings LLC

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

 

11,862,498 (1)

7

SOLE DISPOSITIVE POWER.

 

0

8

SHARED DISPOSITIVE POWER

 

11,862,498 (1)

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

11,862,498 (1)

10

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

 

¨

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

12.2% (2)

12

TYPE OF REPORTING PERSON

 

OO

 

(1)Consists of: (i) 10,100,058 shares of the Issuer’s Common Stock directly beneficially owned by the 2019 Partnership and (ii) 1,762,440 shares of the Issuer’s Common Stock directly beneficially owned by the 2021 Partnership. As described more specifically in the footnotes to the tables set forth hereinabove, Alphabet Holdings may be deemed to have indirect beneficial ownership of the securities directly beneficially owned by the 2019 Partnership and the 2021 Partnership.

 

(2)Calculated in accordance with Rule 13(d)-3(d)(1)(i) promulgated under the Exchange Act and based on an aggregate total of 97,324,301 shares of the Issuer’s Common Stock outstanding as of October 31, 2023 as reported by the Issuer in its Quarterly Report for the period ended September 30, 2023, filed on Form 10-Q with the SEC on November 3, 2023.

 

 

 

 

CUSIP No.  74168J101 Page 9 of 17

 

1

NAME OF REPORTING PERSONS

 

XXVI Holdings Inc.

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

 

11,862,498 (1)

7

SOLE DISPOSITIVE POWER.

 

0

8

SHARED DISPOSITIVE POWER

 

11,862,498 (1)

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

11,862,498 (1)

10

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

 

¨

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

12.2% (2)

12

TYPE OF REPORTING PERSON

 

CO

 

(1)Consists of: (i) 10,100,058 shares of the Issuer’s Common Stock directly beneficially owned by the 2019 Partnership and (ii) 1,762,440 shares of the Issuer’s Common Stock directly beneficially owned by the 2021 Partnership. As described more specifically in the footnotes to the tables set forth hereinabove, XXVI may be deemed to have indirect beneficial ownership of the securities directly beneficially owned by the 2019 Partnership and the 2021 Partnership.

 

(2)Calculated in accordance with Rule 13(d)-3(d)(1)(i) promulgated under the Exchange Act and based on an aggregate total of 97,324,301 shares of the Issuer’s Common Stock outstanding as of October 31, 2023 as reported by the Issuer in its Quarterly Report for the period ended September 30, 2023, filed on Form 10-Q with the SEC on November 3, 2023.

 

 

 

 

CUSIP No.  74168J101 Page 10 of 17

 

1

NAME OF REPORTING PERSONS

 

Alphabet Inc.

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

 

11,862,498 (1)

7

SOLE DISPOSITIVE POWER.

 

0

8

SHARED DISPOSITIVE POWER

 

11,862,498 (1)

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

11,862,498 (1)

10

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

 

¨

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

12.2% (2)

12

TYPE OF REPORTING PERSON

 

CO, HC

 

(1)Consists of: (i) 10,100,058 shares of the Issuer’s Common Stock directly beneficially owned by the 2019 Partnership and (ii) 1,762,440 shares of the Issuer’s Common Stock directly beneficially owned by the 2021 Partnership. As described more specifically in the footnotes to the tables set forth hereinabove, Alphabet Inc. may be deemed to have indirect beneficial ownership of the securities directly beneficially owned by the 2019 Partnership and the 2021 Partnership.

 

(2)Calculated in accordance with Rule 13(d)-3(d)(1)(i) promulgated under the Exchange Act and based on an aggregate total of 97,324,301 shares of the Issuer’s Common Stock outstanding as of October 31, 2023 as reported by the Issuer in its Quarterly Report for the period ended September 30, 2023, filed on Form 10-Q with the SEC on November 3, 2023.

 

 

 

 

CUSIP No.  74168J101 Page 11 of 17

 

This Amendment No. 1 amends the statement on Schedule 13G initially filed by the Reporting Persons (as defined in Item 2(a) below) on February 10, 2023 with the Securities and Exchange Commission (the “SEC”).

 

Item 1(a).Name of Issuer.

 

Prime Medicine, Inc. (the “Issuer”)

 

Item 1(b).Address of Issuer’s Principal Executive Offices.

 

21 Erie Street

Cambridge, MA 02139

 

Item 2(a).Name of Persons Filing.

 

GV 2019, L.P., a Delaware limited partnership (the “2019 Partnership”)

GV 2019 GP, L.P., a Delaware limited partnership (“2019 GP”)

GV 2019 GP, L.L.C., a Delaware limited liability company (“2019 LLC”)

GV 2021, L.P., a Delaware limited partnership (the “2021 Partnership”)

GV 2021 GP, L.P., a Delaware limited partnership (“2021 GP”)

GV 2021 GP, L.L.C., a Delaware limited liability company (“2021 LLC”)

Alphabet Holdings LLC, a Delaware limited liability company (“Alphabet Holdings”)

XXVI Holdings Inc., a Delaware corporation (“XXVI”), and

Alphabet Inc., a Delaware corporation (“Parent” and, together with the 2019 Partnership, 2019 GP, 2019 LLC, the 2021 Partnership, 2021 GP, 2021 LLC, Alphabet Holdings, and XXVI, the “Reporting Persons”).

 

Item 2(b).Address of Principal Business Office or, if none, Residence.

 

The address of the principal business office of each of the Reporting Persons is:

 

1600 Amphitheatre Parkway

Mountain View, CA 94043

 

Item 2(c).Citizenship.

 

Each of the Reporting Persons is formed, organized or incorporated, as applicable, in the State of Delaware.

 

Item 2(d).Title of Class of Securities.

 

Common Stock, par value $0.00001 per share

 

Item 2(e).CUSIP Number.

 

74168J101

 

 

 

 

CUSIP No.  74168J101 Page 12 of 17

 

Item 3.If this statement is filed pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:

 

  (a) ¨ Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o);
  (b) ¨ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
  (c) ¨ Insurance company as defined in section 3(a)19) of the Act (15 U.S.C. 78c);
  (d) ¨ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
  (e) ¨ An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
  (f) ¨ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
  (g) ¨ A parent holding company or control person in accordance with §240.13d-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 (15 U.S.C. 80a-3);
  (j) ¨ A non-U.S. institution in accordance with §240.13d–1(b)(1)(ii)(J);
  (k) ¨ Group, in accordance with §240.13d–1(b)(1)(ii)(K).
    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.

 

Provide the following information regarding the aggregate number and percentage of the class of securities of the Issuer identified in Item 1.

 

(a)            Amount Beneficially Owned:

 

Reference to “beneficial ownership” of securities for purposes of this statement (this “Statement”) shall be understood to refer to beneficial ownership as that term is defined in Rule 13d-3 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).

 

As of December 31, 2023, the Reporting Persons may be deemed to beneficially own an aggregate 11,862,498 shares of the Issuer’s Common Stock.

 

As of December 31, 2023, the 2019 Partnership was the direct beneficial owner of 10,100,058 of the shares of Common Stock described in the preceding paragraph. 2019 GP is the general partner of the 2019 Partnership, and 2019 LLC is the general partner of 2019 GP. As such, 2019 GP and 2019 LLC may each be deemed to indirectly beneficially own the securities that are directly beneficially owned by the 2019 Partnership.

 

As of December 31, 2023, the 2021 Partnership was the direct beneficial owner of 1,762,440 shares of Common Stock described in the second paragraph of this Item 4(a). 2021 GP is the general partner of the 2021 Partnership, and 2021 LLC is the general partner of 2021 GP. As such, 2021 GP and 2021 LLC may each be deemed to indirectly beneficially own the securities that are directly beneficially owned by the 2021 Partnership.

 

 

 

 

CUSIP No.  74168J101 Page 13 of 17

 

Additionally, as of December 31, 2023: (i) Alphabet Holdings was the sole managing member of both 2019 LLC and 2021 LLC; (ii) XXVI was the sole managing member of Alphabet Holdings; and (iii) Parent was the controlling stockholder of XXVI. As such, each of Alphabet Holdings, XXVI, and Parent may be deemed to indirectly beneficially own all of the Issuer’s securities that are directly or indirectly beneficially owned by each of the other Reporting Persons, comprising an aggregate total of 11,862,498 shares of the Issuer’s Common Stock.

 

Notwithstanding, the filing of this Statement shall not be construed as an admission that: (i) the 2019 Partnership, 2019 GP and 2019 LLC (collectively, the “2019 Affiliates”), on the one hand, or (ii) the 2021 Partnership, 2021 GP and 2021 LLC (collectively, the “2021 Affiliates”), on the other hand, is or has been, for purposes of Sections 13(d) or 13(g) of the Exchange Act, the direct or indirect beneficial owner of any of the Issuer’s securities reported herein as beneficially owned by the other. The 2019 Affiliates and the 2021 Affiliates (each, an “Affiliate Group”) expressly disclaim beneficial ownership of the securities beneficially owned by the other Affiliate Group.

 

(b)Percent of Class:

 

As of December 31, 2023, the Reporting Persons were deemed to directly or indirectly beneficially own an aggregate 12.2% of the Issuer’s outstanding Common Stock. Of that percentage, beneficial ownership was attributable as follows: (i) 10.4%, directly to the 2019 Partnership and indirectly to each of 2019 GP and 2019 LLC; (ii) 1.8%, directly to the 2021 Partnership and indirectly to each of 2021 GP and 2021 LLC; and (ii) 12.2%, indirectly to each of Alphabet Holdings, XXVI, and Parent.

 

The aforementioned percentages were calculated in accordance with Rule 13(d)-3(d)(1)(i) promulgated under the Exchange Act and based on an aggregate total of 97,324,301 shares of the Issuer’s Common Stock outstanding as of October 31, 2023 as reported by the Issuer in its Quarterly Report for the period ended September 30, 2023, filed on Form 10-Q with the SEC on November 3, 2023.

 

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

 

(i)Sole power to vote or to direct the vote:

 

Reporting Person  Number of Shares
2019 Partnership  0
2019 GP  0
2019 LLC  0
2021 Partnership  0
2021 GP  0
2021 LLC  0
Alphabet Holdings  0
XXVI  0
Parent  0

 

(ii)Shared power to vote or to direct the vote:

 

Reporting Person  Number of Shares
2019 Partnership  10,100,058
2019 GP  10,100,058
2019 LLC  10,100,058
2021 Partnership  1,762,440
2021 GP  1,762,440
2021 LLC  1,762,440
Alphabet Holdings  11,862,498
XXVI  11,862,498
Parent  11,862,498

 

 

 

 

CUSIP No.  74168J101 Page 14 of 17

 

 

(iii)Sole power to dispose or to direct the disposition of:
Reporting Person  Number of Shares
2019 Partnership  0
2019 GP  0
2019 LLC  0
2021 Partnership  0
2021 GP  0
2021 LLC  0
Alphabet Holdings  0
XXVI  0
Parent  0

 

(iv)Shared power to dispose or to direct the disposition of:

 

Reporting Person  Number of Shares
2019 Partnership  10,100,058
2019 GP  10,100,058
2019 LLC  10,100,058
2021 Partnership  1,762,440
2021 GP  1,762,440
2021 LLC  1,762,440
Alphabet Holdings  11,862,498
XXVI  11,862,498
Parent  11,862,498

 

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 person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following  ¨

 

Item 6.Ownership of More than Five Percent on Behalf of Another Person.

 

Under certain circumstances described more specifically in the respective: (i) limited partnership agreements of the 2019 Partnership, the 2021 Partnership, 2019 GP, and 2021 GP and (ii) limited liability company agreements of 2019 LLC and 2021 LLC, the general and limited partners or members, as the case may be, of each of such Reporting Persons may be deemed to have the right to receive dividends from, or proceeds from the sale of, the Issuer’s securities directly or indirectly owned by each Reporting Person of which it is a general partner, limited partner, or member.

 

 

 

 

CUSIP No.  74168J101 Page 15 of 17

 

Item 7.Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

 

Item 7 is not applicable.

 

Item 8.Identification and Classification of Members of the Group.

 

Item 8 is not applicable.

 

Item 9.Notice of Dissolution of a Group.

 

Item 9 is not applicable.

 

Item 10.Certification.

 

Item 10 is not applicable.

 

 

 

 

CUSIP No.  74168J101 Page 16 of 17

 

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.

 

GV 2019, L.P.   GV 2021, L.P.
         
  By: GV 2019 GP, L.P., its General Partner     By: GV 2021 GP, L.P., its General Partner
  By: GV 2019 GP, L.L.C., its General Partner     By: GV 2021 GP, L.L.C., its General Partner
         
         
    By: /s/ Inga Goldbard       By: /s/ Inga Goldbard
    Name: Inga Goldbard       Name: Inga Goldbard
    Title: General Counsel       Title: General Counsel
    Dated: February 9, 2024       Dated: February 9, 2024

 

 

GV 2019 GP, L.P.   GV 2021 GP, L.P.
           
  By: GV 2019 GP, L.L.C., its General Partner     By: GV 2021 GP, L.L.C., its General Partner
         
           
    By: /s/ Inga Goldbard       By: /s/ Inga Goldbard
    Name: Inga Goldbard       Name: Inga Goldbard
    Title: General Counsel       Title: General Counsel
    Dated: February 9, 2024       Dated: February 9, 2024

 

 

GV 2019 GP, L.L.C.   GV 2021 GP, L.L.C.
                 
                 
    By: /s/ Inga Goldbard       By: /s/ Inga Goldbard
    Name: Inga Goldbard       Name: Inga Goldbard
    Title: General Counsel       Title: General Counsel
    Dated: February 9, 2024       Dated: February 9, 2024

 

 

 

 

CUSIP No.  74168J101 Page 17 of 17

 

ALPHABET HOLDINGS LLC   XXVI HOLDINGS INC.
         
         
By: /s/ Kathryn W. Hall   By: /s/ Kathryn W. Hall
Name: Kathryn W. Hall   Name: Kathryn W. Hall
Title: Secretary   Title: Assistant Secretary
Dated: February 9, 2024   Dated: February 9, 2024

 

 

ALPHABET INC.    
       
       
By: /s/ Kathryn W. Hall    
Name: Kathryn W. Hall    
Title: Assistant Secretary    
Dated: February 9, 2024