Insight Partners Amends SentinelOne Stake Filing

TL;DR

Insight Partners updated their SentinelOne filing. 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 on December 12, 2024, indicates a change in beneficial ownership. Insight Partners holds a significant stake in SentinelOne, a cybersecurity company.

Why It Matters

This filing signals potential shifts in major shareholder influence or strategy for SentinelOne, a key player in the cybersecurity market.

Risk Assessment

Risk Level: medium — Changes in major shareholder filings can indicate strategic shifts or potential future actions that could impact the company's stock price.

Key Numbers

• 1934 Act — SEC Act (The Securities Exchange Act of 1934 governs this filing.)
• 005-92670 — SEC File Number (Unique identifier for this SEC filing.)

Key Players & Entities

• Insight Partners (company) — Major shareholder filing amendment
• SentinelOne, Inc. (company) — Subject company of the filing
• 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
• $28.05 — t a weighted average price per share of $28.05. These shares were sold in multiple tra
• $28.00 — ple transactions at prices ranging from $28.00 to $28.12, inclusive. The Reporting Per
• $28 — ctions at prices ranging from $28.00 to $28.12, inclusive. The Reporting Persons un
• $28.15 — t a weighted average price per share of $28.15. These shares were sold in multiple tra

Filing Documents

• i81329416.htm (SC 13D/A) — 319KB
• 0000899140-24-001345.txt ( ) — 322KB

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 11, 2024, the Reporting Persons sold 195,173 shares of Class A Common Stock pursuant to a Rule 10b5-1 plan adopted on April 5, 2024 in open market transactions at a weighted average price per share of $28.05. These shares were sold in multiple transactions at prices ranging from $28.00 to $28.12, 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. On November 12, 2024, the Reporting Persons sold 14,886 shares of Class A Common Stock pursuant to a Rule 10b5-1 plan adopted on April 5, 2024 in open market transactions at a weighted average price per share of $28.05. These shares were sold in multiple transactions at prices ranging from $28.00 to $28.07, 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. On November 13, 2024, the Reporting Persons sold 1,011,145 shares of Class A Common Stock pursuant to a Rule 10b5-1 plan adopted on April 5, 2024 in open market transactions at a weighted average price per share of $28.15. These shares were sold in multiple transactions at prices ranging from $28.00 to $28.41, 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. On December 10, 2024, 11,432,767 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 December 10, 2024, the Reporting Persons distributed an aggregate of 11,500,000 shares of Class A Common Stock to their respective partners on a pro rata basis in accordan

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer. Items 5(a), 5(b), 5(c) and 5(e) 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. 1,789,471 3,399,087 1.7% Insight Venture Partners (Cayman) X, L.P. 1,467,387 2,787,291 1.4% Insight Venture Partners (Delaware) X, L.P. 283,852 539,174 0.3% Insight Venture Partners X (Co-Investors), L.P. 42,578 80,876 0.0% Insight Partners XI, L.P. 138,891 263,822 0.1% Insight Partners (Cayman) XI, L.P. 152,162 289,031 0.1% Insight Partners (Delaware) XI, L.P. 19,429 36,904 0.0% Insight Partners XI (Co-Investors), L.P. 2,313 4,393 0.0% Insight Partners XI (Co-Investors) (B), L.P. 3,188 6,055 0.0% Insight Partners (EU) XI, S.C.Sp. 18,047 34,281 0.0% Insight Partners Fund X Follow-On Fund, L.P. 24,791 - 0.0% Insight Partners Fund X (Cayman) Follow-On Fund, L.P. 35,292 - 0.0% Insight Partners Fund X (Delaware) Follow-On Fund, L.P. 4,321 - 0.0% Insight Partners Fund X (Co-Investors) Follow-On Fund, L.P. 2,390 - 0.0% Insight Venture Associates X, L.P. 3,583,288 6,806,428 3.3% Insight Venture Associates X, Ltd. 3,5