Insight Partners Amends SentinelOne Stake Filing

TL;DR

Insight Partners updated their SentinelOne filing on 4/10/24. Still a big player.

AI Summary

Insight Partners, a major investment firm, has filed an amendment to its Schedule 13D concerning SentinelOne, Inc. The filing, dated April 10, 2024, indicates a change in beneficial ownership. Insight Partners holds a significant stake in SentinelOne, a cybersecurity company.

Why It Matters

This filing signals a potential shift or confirmation of a significant investment position by a major private equity firm in a publicly traded cybersecurity company, which could influence market perception and future strategic moves.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate significant ownership stakes, which can lead to activist investor behavior or strategic shifts, impacting the company's stock price.

Key Numbers

• 0000899140-24-000477 — Accession Number (Unique identifier for this SEC filing)
• 20240410 — Filing Date (Date the amendment was filed with the SEC)

Key Players & Entities

• Insight Partners (company) — Filing entity and significant shareholder
• SentinelOne, Inc. (company) — Subject company
• 444 Castro Street, Suite 400, Mountain View, CA 94041 (address) — Business and mailing address for SentinelOne, Inc.

FAQ

Key Financial Figures

• $0.0001 — (Name of Issuer) Class A Common Stock, $0.0001 Par Value Per Share (Title of Class of
• $23.10 — t a weighted average price per share of $23.10. The shares of Class A Common Stock wer
• $23.00 — ple transactions at prices ranging from $23.00 to $23.36, inclusive. On April 4, 2024
• $23 — ctions at prices ranging from $23.00 to $23.36, inclusive. On April 4, 2024, the R
• $23.05 — ple transactions at prices ranging from $23.05 to $23.10, inclusive. Also on April 9,
• $22.01 — t a weighted average price per share of $22.01. The shares of Class A Common Stock wer

Filing Documents

• i73128714.htm (SC 13D/A) — 372KB
• 0000899140-24-000477.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 April 1, 2024, 8,610,919 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 April 1, 2024, the Reporting Persons sold 101,051 shares of Class A Common Stock in open market transactions at a weighted average price per share of $23.10. The shares of Class A Common Stock were sold in multiple transactions at prices ranging from $23.00 to $23.36, inclusive. On April 4, 2024, the Reporting Persons sold 4,739 shares of Class A Common Stock in open market transactions at a weighted average price per share of $23.00. The shares of Class A Common Stock were sold in multiple transactions at a price of $23.00. On April 9, 2024, the Reporting Persons sold 3,639 shares of Class A Common Stock in open market transactions at a weighted average price per share of $23.10. The shares of Class A Common Stock were sold in multiple transactions at prices ranging from $23.05 to $23.10, inclusive. Also on April 9, 2024, the Reporting Persons sold 3,390,571 shares of Class A Common Stock in open market transactions at a weighted average price per share of $22.01. The shares of Class A Common Stock were sold in multiple transactions at a price of $22.01. 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. 2,344,067 8,621,691 3.7% Insight Venture Partners (Cayman) X, L.P. 1,922,163 7,069,890 3.1% Insight Venture Partners (Delaware) X, L.P. 371,824 1,367,601 0.6% Insight Venture Partners X (Co-Investors), L.P. 55,774 205,141 0.1% Insight Partners XI, L.P. 181,937 669,178 0.3% Insight Partners (Cayman) XI, L.P. 199,321 733,120 0.3% Insight Partners (Delaware) XI, L.P. 25,450 93,606 0.0% Insight Partners XI (Co-Investors), L.P. 3,030 11,143 0.0% Insight Partners XI (Co-Investors) (B), L.P. 4,176 15,359 0.0% Insight Partners (EU) XI, S.C.Sp. 23,640 86,952 0.0% Insight Partners Fund X Follow-On Fund, L.P. 52,394 - 0.0% Insight Partners Fund X (Cayman) Follow-On Fund, L.P. 74,589 - 0.0% Insight Partners Fund X (Delaware) Follow-On Fund, L.P. 9,132 - 0.0% Insight Partners Fund X (Co-Investors) Follow-On Fund, L.P. 5,052 - 0.0% Insight Venture Associates X, L.P. 4,693,828 17,264,323 7.5% Insight Venture Associates X, Ltd. 4,693,828 17,264,323 7.5% Insight Associates XI, L.P. 413,914 1,522,406 0.7% Insight Associates XI, Ltd. 413,914 1,522,406 0.7% Insight Associates (EU) XI, S.a.r.l. 23,640 86,952 0.0% Insight Associates Fund X Follow-On, L.P. 141,167 - 0.0% Insight Associates Fund X Follow-On, Ltd. 141,167 - 0.0% Insight Holdings Group, LLC 5,272,549 18,873,681 8.2% (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