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. )*
monday.com Ltd.
(Name of Issuer)
Ordinary shares, no par value per share
(Title of Class of Securities)
M7S64H106
(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:
|
¨
¨
x |
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. M7S64H106 | ||||
| 1. |
Names of Reporting Persons
Sonnipe Limited | |||
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) | |||
|
(a)
(b) |
¨
¨ | |||
| 3. | SEC Use Only | |||
| 4. |
Citizenship or Place of Organization
Isle of Man | |||
|
Number of Shares Beneficially Owned by Each Reporting Person With |
5. |
Sole Voting Power
4,511,068 shares (1) | ||
| 6. |
Shared Voting Power
0 shares | |||
| 7. |
Sole Dispositive Power
4,511,068 shares (1) | |||
| 8. |
Shared Dispositive Power
0 shares | |||
| 9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
shares (1) | |||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨ | |||
| 11. |
Percent of Class Represented by Amount in Row (9)
10.0% (1) | |||
| 12. |
Type of Reporting Person (See Instructions)
CO | |||
| (1) | Share ownership is reported as of December 31, 2021, and percentage ownership is calculated based on 44,924,038 Ordinary Shares outstanding as of December 31, 2021, as reported in the Issuer’s Annual Report on Form 20-F for the fiscal year ended December 31, 2021 filed with the SEC on March 16, 2022. As of September 15, 2022, the Reporting Person beneficially owned 4,287,368 Ordinary Shares, representing 9.5% of the Ordinary Shares outstanding as of December 31, 2021. |
| Item 1. | |||
| (a) |
Name of Issuer
monday.com Ltd. | ||
| (b) |
Address of Issuer’s Principal Executive Offices
6 Yitzhak Sadeh Street Tel Aviv, 6777506 Israel | ||
| Item 2. | |||
| (a) |
Name of Person Filing
Sonnipe Limited | ||
| (b) |
Address of Principal Business Office or, if none, Residence
Peveril Buildings, Peveril Square, Douglas, Isle of Man, IM99 1RZ | ||
| (c) |
Citizenship
Isle of Man | ||
| (d) |
Title of Class of Securities
Ordinary Shares, no par value per share (“Ordinary Shares”) | ||
| (e) |
CUSIP Number
M7S64H106 | ||
| 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: | ||
| Not applicable | |||
| Item 4. | Ownership | ||
| The following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1 is provided as of September 12, 2022: | |||
| (a) |
Amount beneficially owned:
See Row 9 of cover page for Reporting Person | ||
| (b) |
Percent of class:
See Row 11 of cover page for Reporting Person | ||
| (c) | Number of shares as to which the person has: | ||
| (i) |
Sole power to vote or to direct the vote:
See Row 5 of cover page for Reporting Person. | ||
| (ii) |
Shared power to vote or to direct the vote:
See Row 6 of cover page for Reporting Person. | ||
| (iii) |
Sole power to dispose or to direct the disposition of:
See Row 7 of cover page for Reporting Person. | ||
| (iv) |
Shared power to dispose or to direct the disposition of:
See Row 8 of cover page for Reporting Person. | ||
| 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 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 |
| Not applicable | |
| Item 9. | Notice of Dissolution of Group |
| Not applicable | |
| Item 10. | Certification |
| 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.
Dated: September 16, 2022
Sonnipe Limited
| By: | Amber Management Limited |
| its | Director |
| By: | /s/ Dawn Harris | |
| Name: Dawn Harris | ||
| Title: Director, for and on behalf of Amber Management Limited |
| ATTENTION |
| Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001). |