08/21/2026 | Press release | Distributed by Public on 08/21/2026 14:16
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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 | ||||||||
| Class B Common Stock | (1) | 08/19/2026 | C(1) | 19,349 | (1) | (1) | Class A Common Stock | 19,349 | $ 0 | 59,897 | I | Spelunker Channel Holdings, LLC(2)(3) | |||
| Class B Common Stock | (1) | 08/19/2026 | C(1) | 15,472 | (1) | (1) | Class A Common Stock | 15,472 | $ 0 | 47,898 | I | Nalrena, L.L.C.(2)(3) | |||
| Class B Common Stock | (1) | 08/20/2026 | C(1) | 59,897 | (1) | (1) | Class A Common Stock | 59,897 | $ 0 | 0 | I | Spelunker Channel Holdings, LLC(2)(3) | |||
| Class B Common Stock | (1) | 08/20/2026 | C(1) | 47,898 | (1) | (1) | Class A Common Stock | 47,898 | $ 0 | 0 | I | Nalrena, L.L.C.(2)(3) | |||
| Class B Common Stock | (1) | (1) | (1) | Class A Common Stock | 6,823,189 | 6,823,189 | I | Sequoia Capital U.S. Venture Fund XV, L.P.(8)(9) | |||||||
| Class B Common Stock | (1) | (1) | (1) | Class A Common Stock | 287,297 | 287,297 | I | Sequoia Capital U.S. Venture Partners Fund XV (Q), L.P.(8)(9) | |||||||
| Class B Common Stock | (1) | (1) | (1) | Class A Common Stock | 103,310 | 103,310 | I | Sequoia Capital U.S. Venture Partners Fund XV, L.P.(8)(9) | |||||||
| Class B Common Stock | (1) | (1) | (1) | Class A Common Stock | 1,052,540 | 1,052,540 | I | Sequoia Capital U.S. Venture XV Principals Fund, L.P.(8)(9) | |||||||
| Class B Common Stock | (1) | (1) | (1) | Class A Common Stock | 1,812,546 | 1,812,546 | I | Sequoia Capital U.S. Growth Fund VIII, L.P.(8)(9) | |||||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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SC US (TTGP), LTD. 2800 SAND HILL ROAD SUITE 101 MENLO PARK, CA 94025 |
X | |||
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SC US SSF 2013 (TTGP), L.L.C. 2800 SAND HILL ROAD SUITE 101 MENLO PARK, CA 94025 |
X | |||
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SC U.S. SCOUT SEED FUND 2013 MANAGEMENT, L.P. 2800 SAND HILL ROAD SUITE 101 MENLO PARK, CA 94025 |
X | |||
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SEQUOIA CAPITAL U.S. SCOUT SEED FUND 2013, L.P. 2800 SAND HILL ROAD SUITE 101 MENLO PARK, CA 94025 |
X | |||
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Sequoia Capital U.S. Scout IV, L.L.C 2800 SAND HILL ROAD SUITE 101 MENLO PARK, CA 94025 |
X | |||
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Nalrena, LLC 2800 SAND HILL ROAD SUITE 101 MENLO PARK, CA 94025 |
X | |||
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Spelunker Channel Holdings, LLC 2800 SAND HILL ROAD SUITE 101 MENLO PARK, CA 94025 |
X | |||
| /s/ Jung Yeon Son, by power of attorney for SC US (TTGP), Ltd. | 08/21/2026 | |
| **Signature of Reporting Person | Date | |
| /s/ Jung Yeon Son, by power of attorney for SC US SSF 2013 (TTGP), L.L.C. | 08/21/2026 | |
| **Signature of Reporting Person | Date | |
| /s/ Jung Yeon Son, by power of attorney for SC US SSF 2013 (TTGP), L.L.C., the General Partner of SC U.S. Scout Seed Fund 2013 Management, L.P. | 08/21/2026 | |
| **Signature of Reporting Person | Date | |
| /s/ Jung Yeon Son, by power of attorney for Sequoia Capital U.S. Scout Fund IV, L.L.C. [see Remarks (1)] | 08/21/2026 | |
| **Signature of Reporting Person | Date | |
| /s/ Jung Yeon Son, by power of attorney for Nalrena, L.L.C. [see Remarks (2)] | 08/21/2026 | |
| **Signature of Reporting Person | Date | |
| /s/ Jung Yeon Son, by power of attorney for Spelunker Channel Holdings, LLC [see Remarks (3)] | 08/21/2026 | |
| **Signature of Reporting Person | Date | |
| /s/ Jung Yeon Son, by power of attorney for SC US SSF 2013 (TTGP), L.L.C., the General Partner of SC U.S. Scout Seed Fund 2013 Management, L.P., the General Partner of Sequoia Capital U.S. Scout Seed Fund 2013, L.P. | 08/21/2026 | |
| **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) | The Issuer's Class B Common Stock is convertible into the Issuer's Class A Common Stock on a one-for-one basis at the option of the holder thereof and has no expiration date. |
| (2) | SC US SSF 2013 (TTGP), L.L.C. is the general partner of SC U.S. Scout Seed Fund 2013 Management, L.P., which is the general partner of Sequoia Capital U.S. Scout Seed Fund 2013, L.P., which wholly owns Sequoia Capital U.S. Scout Fund IV, L.L.C., which in turn wholly owns Nalrena, L.L.C. and Spelunker Channel Holdings, LLC (collectively, the Scout Funds). As a result, SC US SSF 2013 (TTGP), L.L.C., SC U.S. Scout Seed Fund 2013 Management, L.P., Sequoia Capital U.S. Scout Seed Fund 2013, L.P., and Sequoia Capital U.S. Scout Fund IV, L.L.C. may be deemed to share voting and dispositive power with respect to the shares held by the Scout Funds. |
| (3) | [continued from Footnote 2] Each of SC US SSF 2013 (TTGP), L.L.C., SC U.S. Scout Seed Fund 2013 Management, L.P., Sequoia Capital U.S. Scout Seed Fund 2013, L.P., and Sequoia Capital U.S. Scout Fund IV, L.L.C. disclaims beneficial ownership of the securities held by the Scout Funds except to the extent of its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes. |
| (4) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.2472 to $33.0547, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (4), (5), (6) and (7) to this Form 4. |
| (5) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.8450 to $32.8350, inclusive. |
| (6) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.8450 to $33.8400, inclusive. |
| (7) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.8750 to $34.1961, inclusive. |
| (8) | SC US (TTGP), Ltd. is (i) the general partner of SC U.S. Growth VIII Management, L.P., which is the general partner of Sequoia Capital U.S. Growth Fund VIII, L.P. (GFVIII), and (ii) the general partner of SC U.S. Venture XV Management, L.P., which is the general partner of Sequoia Capital U.S. Venture Fund XV, L.P., Sequoia Capital U.S. Venture Partners Fund XV (Q), L.P., Sequoia Capital U.S. Venture Partners Fund XV, L.P., and Sequoia Capital U.S. Venture XV Principals Fund, L.P. (collectively, the XV Funds). |
| (9) | [continued from Footnote 8] As a result, SC US (TTGP), Ltd. may be deemed to share voting and dispositive power with respect to the shares held by GFVIII and the XV Funds. Each of SC US (TTGP), Ltd., SC U.S. Growth VIII Management, L.P. and SC U.S. Venture XV Management, L.P. disclaims beneficial ownership of the shares held by GFVIII and the XV Funds, as applicable, except to the extent of its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes. |
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Remarks: 1 of 2 | (1) /s/ Jung Yeon Son, by power of attorney for SC US SSF 2013 (TTGP), L.L.C., the General Partner of SC U.S. Scout Seed Fund 2013 Management, L.P., the General Partner of Sequoia Capital U.S. Scout Seed Fund 2013, L.P., which wholly owns Sequoia Capital U.S. Scout Fund IV, L.L.C. (2)/s/Jung Yeon Son, by power of attorney for SC US SSF 2013 (TTGP), L.L.C., the General Partner of SC U.S. Scout Seed Fund 2013 Management, L.P., the General Partner of Sequoia Capital U.S. Scout Seed Fund 2013, L.P., which wholly owns Sequoia Capital U.S. Scout Fund IV, L.L.C., which wholly owns Nalrena, L.L.C. (3)/s/ Jung Yeon Son, by power of attorney for SC US SSF 2013 (TTGP), L.L.C., the General Partner of SC U.S. Scout Seed Fund 2013 Management, L.P., the General Partner of Sequoia Capital U.S. Scout Seed Fund 2013, L.P., which wholly owns Sequoia Capital U.S. Scout Fund IV, L.L.C., which wholly owns Spelunker Channel Holdings, LLC |
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