Insight Group Amends SentinelOne Stake, Maintains Influence

TL;DR

**Insight Group just updated their SentinelOne ownership, showing continued involvement.**

AI Summary

Insight Venture Partners X, L.P. and its affiliated entities, collectively known as the "Insight Group," filed an Amendment No. 4 to their Schedule 13D on January 10, 2024, regarding their ownership in SentinelOne, Inc. This filing updates their beneficial ownership of SentinelOne's Class A Common Stock, $0.0001 Par Value Per Share. This matters to investors because it provides transparency into a significant institutional holder's stake, indicating their ongoing involvement and potential influence on the company's direction.

Why It Matters

This filing shows that a major institutional investor, Insight Group, is updating its ownership details, which can signal their continued confidence or changes in their investment strategy for SentinelOne.

Risk Assessment

Risk Level: low — This is a routine amendment to a Schedule 13D, indicating an update to beneficial ownership rather than a new, significant event that would introduce high risk.

Analyst Insight

Investors should note the continued presence of a major institutional investor like Insight Group, as their long-term holding might suggest confidence in SentinelOne's future, but this specific filing doesn't indicate a new buying or selling action, so no immediate action is warranted based solely on this amendment.

Key Players & Entities

• Insight Venture Partners X, L.P. (company) — filer of the SC 13D/A
• SentinelOne, Inc. (company) — subject company of the filing
• Insight Group (company) — collective group of affiliated entities filing the amendment
• Class A Common Stock (other) — type of security owned by the Insight Group
• $0.0001 (dollar_amount) — par value per share of SentinelOne's Class A Common Stock

Forward-Looking Statements

• Insight Group will continue to be a significant shareholder in SentinelOne, Inc. (Insight Group) — high confidence, target: 2025-01-10

FAQ

Key Financial Figures

• $0.0001 — (Name of Issuer) Class A Common Stock, $0.0001 Par Value Per Share (Title of Class of
• $24.56 — t a weighted average price per share of $24.56. The shares of Class A Common Stock wer
• $24.18 — ple transactions at prices ranging from $24.18 to $24.96, inclusive. On January 4, 20
• $24 — ctions at prices ranging from $24.18 to $24.96, inclusive. On January 4, 2024, the
• $23.85 — t a weighted average price per share of $23.85. The shares of Class A Common Stock wer
• $23.50 — ple transactions at prices ranging from $23.50 to $24.13, inclusive. On January 5, 20
• $22.76 — t a weighted average price per share of $22.76. The shares of Class A Common Stock wer
• $22.75 — ple transactions at prices ranging from $22.75 to $23.52, inclusive. The Reporting Pe
• $23 — ctions at prices ranging from $22.75 to $23.52, inclusive. The Reporting Persons u

Filing Documents

• i70311957.htm (SC 13D/A) — 372KB
• 0000899140-24-000036.txt ( ) — 375KB

Source and Amount of Funds or Other Considerations

Item 3. Source and Amount of Funds or Other Considerations.

of the Schedule 13D is amended to add the following

Item 3 of the Schedule 13D is amended to add the following: On November 28, 2023, 3,444,363 shares of Class B Common Stock held by the Reporting Persons were converted into an equal number of shares of Class A Common Stock. On January 3, 2024, the Reporting Persons sold 437,882 shares of Class A Common Stock in open market transactions at a weighted average price per share of $24.56. The shares of Class A Common Stock were sold in multiple transactions at prices ranging from $24.18 to $24.96, inclusive. On January 4, 2024, the Reporting Persons sold 462,118 shares of Class A Common Stock in open market transactions at a weighted average price per share of $23.85. The shares of Class A Common Stock were sold in multiple transactions at prices ranging from $23.50 to $24.13, inclusive. On January 5, 2024, 70,348 shares of Class B Common Stock held by the Reporting Persons were converted into an equal number of shares of Class A Common Stock. Also on January 5, 2024, the Reporting Persons sold 6,100,000 shares of Class A Common Stock in open market transactions at a weighted average price per share of $22.76. The shares of Class A Common Stock were sold in multiple transactions at prices ranging from $22.75 to $23.52, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer. Items 5(a), 5(b) and 5(c) of the Schedule 13D are amended as follows: (a) and (b) On the date hereof, the Reporting Persons beneficially own directly and/or indirectly the following shares: Reporting Person Shares of Class A Common Stock Shares of Class B Common Stock (1) Percentage of Class A Common Stock (2)(3) Insight Venture Partners X, L.P. - 12,555,247 4.5% Insight Venture Partners (Cayman) X, L.P. - 10,295,453 3.7% Insight Venture Partners (Delaware) X, L.P. - 1,991,555 0.7% Insight Venture Partners X (Co-Investors), L.P. - 298,734 0.1% Insight Partners XI, L.P. - 974,484 0.4% Insight Partners (Cayman) XI, L.P. - 1,067,598 0.4% Insight Partners (Delaware) XI, L.P. - 136,313 0.0% Insight Partners XI (Co-Investors), L.P. - 16,227 0.0% Insight Partners XI (Co-Investors) (B), L.P. - 22,366 0.0% Insight Partners (EU) XI, S.C.Sp. - 126,623 0.0% Insight Partners Fund X Follow-On Fund, L.P. 59,988 - 0.0% Insight Partners Fund X (Cayman) Follow-On Fund, L.P. 85,401 - 0.0% Insight Partners Fund X (Delaware) Follow-On Fund, L.P. 10,456 - 0.0% Insight Partners Fund X (Co-Investors) Follow-On Fund, L.P. 5,785 - 0.0% Insight Venture Associates X, L.P. - 25,140,989 9.1% Insight Venture Associates X, Ltd. - 25,140,989 9.1% Insight Associates XI, L.P. - 2,216,988 0.8% Insight Associates XI, Ltd. - 2,216,988 0.8% Insight Associates (EU) XI, S.a.r.l. - 126,623 0.0% Insight Associates Fund X Follow-On, L.P. 161,630 - 0.1% Insight Associates Fund X Follow-On, Ltd. 161,630 - 0.1% Insight Holdings Group, LLC 161,630 27,484,600 10.0% (1) Each share of Class B Common Stock is convertible into one share of Class A Common Stock at any time and will convert automatically upon certain transfers and upon the earlier of (i) the date specified by a vote of the holders of 66 2/3% of the then outstanding shares of Class B Common Stock, (ii) seven year