12/15/2025 | Press release | Distributed by Public on 12/15/2025 19:56
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Series F Preferred Stock | (1) | 12/15/2025 | C | 2,370,596 | (1) | (1) | Common Stock | 2,370,596 | (1) | 0 | D(2)(3) | ||||
| Series G Preferred Stock | (1) | 12/15/2025 | C | 779,009 | (1) | (1) | Common Stock | 779,009 | (1) | 0 | D(2)(3) | ||||
| Series G-1 Preferred Stock | (1) | 12/15/2025 | C | 207,734 | (1) | (1) | Common Stock | 207,734 | (1) | 0 | D(2)(3) | ||||
| Series F Preferred Stock | (1) | 12/15/2025 | C | 35,007 | (1) | (1) | Common Stock | 35,007 | (1) | 0 | I | By Index Ventures Growth II Parallel Entrepreneur Fund (Jersey) L.P.(2)(3)(5) | |||
| Series G Preferred Stock | (1) | 12/15/2025 | C | 11,528 | (1) | (1) | Common Stock | 11,528 | (1) | 0 | I | By Index Ventures Growth II Parallel Entrepreneur Fund (Jersey) L.P.(2)(3)(5) | |||
| Series G-1 Preferred Stock | (1) | 12/15/2025 | C | 3,074 | (1) | (1) | Common Stock | 3,074 | (1) | 0 | I | By Index Ventures Growth II Parallel Entrepreneur Fund (Jersey) L.P.(2)(3)(5) | |||
| Series D Preferred Stock | (1) | 12/15/2025 | C | 2,876,772 | (1) | (1) | Common Stock | 2,876,772 | (1) | 0 | I | By Index Ventures VI (Jersey), L.P.(2)(3)(6) | |||
| Series E Preferred Stock | (1) | 12/15/2025 | C | 2,913,888 | (1) | (1) | Common Stock | 2,913,888 | (1) | 0 | I | By Index Ventures VI (Jersey), L.P.(2)(3)(6) | |||
| Series D Preferred Stock | (1) | 12/15/2025 | C | 58,068 | (1) | (1) | Common Stock | 58,068 | (1) | 0 | I | By Index Ventures VI Parallel Entrepreneur Fund (Jersey) L.P.(2)(3)(7) | |||
| Series E Preferred Stock | (1) | 12/15/2025 | C | 58,816 | (1) | (1) | Common Stock | 58,816 | (1) | 0 | I | By Index Ventures VI Parallel Entrepreneur Fund (Jersey) L.P.(2)(3)(7) | |||
| Series D Preferred Stock | (1) | 12/15/2025 | C | 37,148 | (1) | (1) | Common Stock | 37,148 | (1) | 0 | I | Yucca (Jersey) SLP(2)(3)(8) | |||
| Series E Preferred Stock | (1) | 12/15/2025 | C | 37,629 | (1) | (1) | Common Stock | 37,629 | (1) | 0 | I | By Yucca (Jersey) SLP(2)(3)(8) | |||
| Series F Preferred Stock | (1) | 12/15/2025 | C | 30,450 | (1) | (1) | Common Stock | 30,450 | (1) | 0 | I | By Yucca (Jersey) SLP(2)(3)(8) | |||
| Series G Preferred Stock | (1) | 12/15/2025 | C | 10,007 | (1) | (1) | Common Stock | 10,007 | (1) | 0 | I | By Yucca (Jersey) SLP(2)(3)(8) | |||
| Series G-1 Preferred Stock | (1) | 12/15/2025 | C | 2,669 | (1) | (1) | Common Stock | 2,669 | (1) | 0 | I | By Yucca (Jersey) SLP(2)(3)(8) | |||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Index Ventures Growth II (Jersey), L.P. 5TH FLOOR, 44 ESPLANADE ST. HELIER, Y9 JE1 3FG |
X | |||
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Index Ventures Growth II Parallel Entrepreneur Fund (Jersey), L.P. 5TH FLOOR, 44 ESPLANADE ST. HELIER, Y9 JE1 3FG |
X | |||
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Index Ventures VI (Jersey) LP 5TH FLOOR, 44 ESPLANADE ST. HELIER, Y9 JE1 3FG |
X | |||
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Index Ventures VI Parallel Entrepreneur Fund (Jersey) LP 5TH FLOOR, 44 ESPLANADE ST. HELIER, Y9 JE1 3FG |
X | |||
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Yucca (Jersey) SLP 5TH FLOOR, 44 ESPLANADE ST. HELIER, Y9 JE1 3FG |
X | |||
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Index Venture Growth Associates II Ltd 5TH FLOOR, 44 ESPLANADE ST. HELIER, Y9 JE1 3FG |
X | |||
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Index Venture Associates VI Ltd 5TH FLOOR, 44 ESPLANADE ST. HELIER, Y9 JE1 3FG |
X | |||
| INDEX VENTURE GROWTH ASSOCIATES II LIMITED, as Managing General Partner of INDEX VENTURES GROWTH II (JERSEY), L.P., By: /s/ Nigel Greenwood, Its: Director | 12/15/2025 | |
| **Signature of Reporting Person | Date | |
| INDEX VENTURE GROWTH ASSOCIATES II LIMITED, as Managing General Partner of INDEX VENTURES GROWTH II PARALLEL ENTREPRENEUR FUND (JERSEY), L.P., By: /s/ Nigel Greenwood, Its: Director | 12/15/2025 | |
| **Signature of Reporting Person | Date | |
| INDEX VENTURE ASSOCIATES VI LIMITED, as Managing General Partner of INDEX VENTURES VI (JERSEY), L.P., By: /s/ Nigel Greenwood, Its: Director | 12/15/2025 | |
| **Signature of Reporting Person | Date | |
| INDEX VENTURE ASSOCIATES VI LIMITED, as Managing General Partner of INDEX VENTURES VI PARALLEL ENTREPRENEUR FUND (JERSEY) L.P., By: /s/ Nigel Greenwood, Its: Director | 12/15/2025 | |
| **Signature of Reporting Person | Date | |
| YUCCA (JERSEY) SLP, By: CSC Employee Benefit Services (Jersey) Limited, as authorized signatory of Yucca (Jersey) SLP in its capacity as Administrator of the Index Co-Investment Scheme, By: /s/ Tapiwa Munyawiri and /s/ Carolyn Gates, Auth. Signatories | 12/15/2025 | |
| **Signature of Reporting Person | Date | |
| INDEX VENTURE GROWTH ASSOCIATES II LIMITED, By: /s/ Nigel Greenwood, Its: Director | 12/15/2025 | |
| **Signature of Reporting Person | Date | |
| INDEX VENTURE ASSOCIATES VI LIMITED, By: /s/ Nigel Greenwood, Its: Director | 12/15/2025 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Pursuant to the Issuer's Restated Certificate of Incorporation, each share of Series D Convertible Preferred Stock, Series E Convertible Preferred Stock, Series F Convertible Preferred Stock, Series G Convertible Preferred Stock, or Series G-1 Convertible Preferred Stock (collectively, "Preferred Stock") may be converted, at the option of the holder, at any time. In connection with the completion of the Issuer's initial public offering of its Common Stock, each share of Preferred Stock automatically converted into shares of Common Stock at a ratio of 1-for-1. The securities have no expiration date. |
| (2) | Index Venture Growth Associates II Limited ("IVGA II") is the managing general partner of Index Ventures Growth II (Jersey), L.P. ("Index II") and Index Ventures Growth II Parallel Entrepreneur Fund (Jersey) L.P. ("Index II PEF"). Index Venture Associates VI Limited ("IVA VI") is the managing general partner of Index Ventures VI (Jersey), L.P. ("Index VI") and Index Ventures VI Parallel Entrepreneur Fund (Jersey), L.P. ("Index VI PEF" and together with Index II, Index II PEF and Index VI, the "Index Funds"). Yucca (Jersey) SLP ("Yucca") is the administrator of the Index co-investment vehicles that are contractually required to mirror the relevant Index Funds' investment in the Issuer. |
| (3) | Each of IVA VI and IVGA II disclaims beneficial ownership of the shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that such shares are beneficially owned by it for Section 16 or any other purpose. |
| (4) | The reported securities are held directly by Index II. |
| (5) | The reported securities are directly held by Index II PEF. |
| (6) | The reported securities are directly held by Index VI Jersey. |
| (7) | The reported securities are directly held by Index VI PEF. |
| (8) | The reported securities are directly held by Yucca. |