0001567619-21-020997.txt : 20211122 0001567619-21-020997.hdr.sgml : 20211122 20211122180423 ACCESSION NUMBER: 0001567619-21-020997 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20211119 FILED AS OF DATE: 20211122 DATE AS OF CHANGE: 20211122 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Insight Holdings Group, LLC CENTRAL INDEX KEY: 0001305473 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-41049 FILM NUMBER: 211433977 BUSINESS ADDRESS: STREET 1: 1114 AVENUE OF THE AMERICAS, 36TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 212-230-9200 MAIL ADDRESS: STREET 1: 1114 AVENUE OF THE AMERICAS, 36TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10036 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Insight Partners (EU) XI, S.C.Sp CENTRAL INDEX KEY: 0001792450 STATE OF INCORPORATION: N4 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-41049 FILM NUMBER: 211433971 BUSINESS ADDRESS: STREET 1: 15, BOULEVARD F.W. RAIFFEISEN CITY: LUXEMBOURG STATE: N4 ZIP: L-2411 BUSINESS PHONE: 212) 230-9200 MAIL ADDRESS: STREET 1: 15, BOULEVARD F.W. RAIFFEISEN CITY: LUXEMBOURG STATE: N4 ZIP: L-2411 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Insight Partners (Delaware) XI, L.P. CENTRAL INDEX KEY: 0001792443 STATE OF INCORPORATION: E9 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-41049 FILM NUMBER: 211433972 BUSINESS ADDRESS: STREET 1: 11114 AVENUE OF THE AMERICAS, 36TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 212) 230-9200 MAIL ADDRESS: STREET 1: 11114 AVENUE OF THE AMERICAS, 36TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10036 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Insight Partners XI (Co-Investors), L.P. CENTRAL INDEX KEY: 0001792448 STATE OF INCORPORATION: E9 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-41049 FILM NUMBER: 211433969 BUSINESS ADDRESS: STREET 1: !BOX 309, UGLAND HOUSE CITY: GRAND CAYMAN STATE: E9 ZIP: KY1-1 104 BUSINESS PHONE: 212) 230-9200 MAIL ADDRESS: STREET 1: !BOX 309, UGLAND HOUSE CITY: GRAND CAYMAN STATE: E9 ZIP: KY1-1 104 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Insight Partners (Cayman) XI, L.P. CENTRAL INDEX KEY: 0001792449 STATE OF INCORPORATION: E9 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-41049 FILM NUMBER: 211433973 BUSINESS ADDRESS: STREET 1: BOX 309, UGLAND HOUSE CITY: !GRAND CAYMAN STATE: E9 ZIP: KY1-1104 BUSINESS PHONE: (212) 230-9200 MAIL ADDRESS: STREET 1: BOX 309, UGLAND HOUSE CITY: !GRAND CAYMAN STATE: E9 ZIP: KY1-1104 FORMER NAME: FORMER CONFORMED NAME: insight Partners (Cayman) XI, L.P. DATE OF NAME CHANGE: 20191028 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Insight Associates XI, L.P. CENTRAL INDEX KEY: 0001871148 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-41049 FILM NUMBER: 211433976 BUSINESS ADDRESS: STREET 1: 1114 AVENUE OF THE AMERICAS 36TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 212-230-9200 MAIL ADDRESS: STREET 1: 1114 AVENUE OF THE AMERICAS 36TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10036 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Insight Partners XI, L.P. CENTRAL INDEX KEY: 0001792490 STATE OF INCORPORATION: E9 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-41049 FILM NUMBER: 211433968 BUSINESS ADDRESS: STREET 1: BOX 309, UGLAND HOUSE CITY: GRAND CAYMAN STATE: E9 ZIP: KY1-1104 BUSINESS PHONE: 212) 230-9200 MAIL ADDRESS: STREET 1: BOX 309, UGLAND HOUSE CITY: GRAND CAYMAN STATE: E9 ZIP: KY1-1104 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Insight Partners XI (Co-Investors) (B), L.P. CENTRAL INDEX KEY: 0001800644 STATE OF INCORPORATION: E9 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-41049 FILM NUMBER: 211433970 BUSINESS ADDRESS: STREET 1: BOX 309, UGLAND HOUSE CITY: GRAND CAYMAN STATE: E9 ZIP: KY1-1104 BUSINESS PHONE: (212) 230-9200 MAIL ADDRESS: STREET 1: BOX 309, UGLAND HOUSE CITY: GRAND CAYMAN STATE: E9 ZIP: KY1-1104 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Insight Associates (EU) XI, SARL CENTRAL INDEX KEY: 0001870996 STATE OF INCORPORATION: N4 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-41049 FILM NUMBER: 211433974 BUSINESS ADDRESS: STREET 1: 1114 AVENUE OF THE AMERICAS, 36 FLOOR CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 212-230-9200 MAIL ADDRESS: STREET 1: 1114 AVENUE OF THE AMERICAS, 36 FLOOR CITY: NEW YORK STATE: NY ZIP: 10036 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Insight Associates XI, Ltd. CENTRAL INDEX KEY: 0001871124 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-41049 FILM NUMBER: 211433975 BUSINESS ADDRESS: STREET 1: 1114 AVENUE OF THE AMERICAS 36TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 212-230-9200 MAIL ADDRESS: STREET 1: 1114 AVENUE OF THE AMERICAS 36TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10036 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: UserTesting, Inc. CENTRAL INDEX KEY: 0001557127 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 260339214 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 144 TOWNSEND STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94107 BUSINESS PHONE: (650) 567-5616 MAIL ADDRESS: STREET 1: 144 TOWNSEND STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94107 FORMER COMPANY: FORMER CONFORMED NAME: User Testing, Inc. DATE OF NAME CHANGE: 20120828 4 1 doc1.xml FORM 4 X0306 4 2021-11-19 0 0001557127 UserTesting, Inc. USER 0001305473 Insight Holdings Group, LLC C/O INSIGHT PARTNERS 1114 AVENUE OF THE AMERICAS, 36TH FLOOR NEW YORK NY 10036 0 0 1 0 0001871148 Insight Associates XI, L.P. C/O INSIGHT PARTNERS 1114 AVENUE OF THE AMERICAS, 36TH FLOOR NEW YORK NY 10036 0 0 1 0 0001871124 Insight Associates XI, Ltd. C/O INSIGHT PARTNERS 1114 AVENUE OF THE AMERICAS, 36TH FLOOR NEW YORK NY 10036 0 0 1 0 0001870996 Insight Associates (EU) XI, SARL C/O INSIGHT PARTNERS 1114 AVENUE OF THE AMERICAS, 36TH FLOOR NEW YORK NY 10036 0 0 1 0 0001792449 Insight Partners (Cayman) XI, L.P. C/O INSIGHT PARTNERS 1114 AVENUE OF THE AMERICAS, 36TH FLOOR NEW YORK NY 10036 0 0 1 0 0001792443 Insight Partners (Delaware) XI, L.P. C/O INSIGHT PARTNERS 1114 AVENUE OF THE AMERICAS, 36TH FLOOR NEW YORK NY 10036 0 0 1 0 0001792450 Insight Partners (EU) XI, S.C.Sp C/O INSIGHT PARTNERS 1114 AVENUE OF THE AMERICAS, 36TH FLOOR NEW YORK NY 10036 0 0 1 0 0001800644 Insight Partners XI (Co-Investors) (B), L.P. C/O INSIGHT PARTNERS 1114 AVENUE OF THE AMERICAS, 36TH FLOOR NEW YORK NY 10036 0 0 1 0 0001792448 Insight Partners XI (Co-Investors), L.P. C/O INSIGHT PARTNERS 1114 AVENUE OF THE AMERICAS, 36TH FLOOR NEW YORK NY 10036 0 0 1 0 0001792490 Insight Partners XI, L.P. C/O INSIGHT PARTNERS 1114 AVENUE OF THE AMERICAS, 36TH FLOOR NEW YORK NY 10036 0 0 1 0 Common Stock 2021-11-19 4 C 0 10220232 A 10220232 I See footnote Common Stock 2021-11-19 4 C 0 1304945 A 1304945 I See footnote Common Stock 2021-11-19 4 C 0 1212188 A 1212188 I See footnote Common Stock 2021-11-19 4 C 0 214105 A 214105 I See footnote Common Stock 2021-11-19 4 C 0 155343 A 155343 I See footnote Common Stock 2021-11-19 4 C 0 9328850 A 9328850 I See footnote Series F Convertible Preferred Stock 2021-11-19 4 C 0 10220232 D Common Stock 10220232 0 I See footnote Series F Convertible Preferred Stock 2021-11-19 4 C 0 1304945 D Common Stock 1304945 0 I See footnote Series F Convertible Preferred Stock 2021-11-19 4 C 0 1212188 D Common Stock 1212188 0 I See footnote Series F Convertible Preferred Stock 2021-11-19 4 C 0 214105 D Common Stock 214105 0 I See footnote Series F Convertible Preferred Stock 2021-11-19 4 C 0 155343 D Common Stock 155343 0 I See footnote Series F Convertible Preferred Stock 2021-11-19 4 C 0 9328850 D Common Stock 9328850 0 I See footnote See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 Exhibit List Exhibit 99.1 - Explanation of Responses Exhibit 99.2 - Joint Filers' Signatures Exhibit 99.3 - Joint Filer Information Insight Holdings Group, LLC, by Andrew Prodromos, its Authorized Signatory, /s/Andrew Prodromos 2021-11-22 EX-99.1 2 i47433726a.htm EXPLANATION OF RESPONSES
EXPLANATION OF RESPONSES
(1)
Upon the conversion of the shares of the Series F Convertible Preferred Stock described herein, the Insight Funds (defined below) collectively hold 22,435,663 shares of Common Stock (collectively, “Shares” and each, a “Share”) of UserTesting, Inc. (the “Issuer”). Insight Partners (Cayman) XI, L.P. (“Cayman XI”) holds 10,220,232 Shares, Insight Partners (Delaware) XI, L.P. (“Delaware XI”) holds 1,304,945 Shares, Insight Partners (EU) XI, S.C.Sp. (“EU XI”) holds 1,212,188 Shares, Insight Partners XI (Co-Investors) (B), L.P. (“XI Co-Investors (B)”) holds 214,105 Shares, Insight Partners XI (Co-Investors), L.P. (“XI Co-Investors”) holds 155,343 Shares and Insight Partners XI, L.P. (“IP XI”, and together with Cayman XI, Delaware XI, XI Co-Investors (B), XI Co-Investors and IP XI, the “Insight Funds”) holds 9,328,850 Shares.
(2)
Each share of Series F Convertible Preferred Stock is automatically convertible into Common Stock on a one-to-one basis immediately prior to the completion of the Issuer’s initial public offering of Common Stock, has no expiration date and converted into Common Stock upon the closing of the Issuer’s initial public offering, which occurred on November 19, 2021.
(3)
Held directly by Insight Partners (Cayman) XI, L.P.
(4)
Held directly by Insight Partners (Delaware) XI, L.P.
(5)
Held directly by Insight Partners (EU) XI, S.C.Sp.
(6)
Held directly by Insight Partners XI (Co-Investors) (B), L.P.
(7)
Held directly by Insight Partners XI (Co-Investors), L.P.
(8)
Held directly by Insight Partners XI, L.P.
EX-99.2 3 i47433726b.htm JOINT FILERS? SIGNATURE
JOINT FILERS’ SIGNATURES


INSIGHT HOLDINGS GROUP, LLC
  
   
   
By:
/s/Andrew Prodromos                        
Date:  11/22/21        
Name:
Andrew Prodromos
  
Title:
Attorney-in-Fact
  
   
   
   
INSIGHT ASSOCIATES XI, LTD.
  
   
   
By:
/s/Andrew Prodromos                        
Date:  11/22/21       
Name:
Andrew Prodromos
  
Title:
Authorized Officer
  
   
   
   
INSIGHT ASSOCIATES XI, L.P.
  
By: Insight Associates XI, Ltd., its general partner
  
   
   
By:
/s/Andrew Prodromos                        
Date:  11/22/21       
Name:
Andrew Prodromos
  
Title:
Authorized Officer
  
   
   
   
INSIGHT ASSOCIATES (EU) XI, S.A.R.L.
  
   
   
By:
/s/Andrew Prodromos                        
Date:  11/22/21       
Name:
Andrew Prodromos
  
Title:
Authorized Officer
  
   
   
   
INSIGHT PARTNERS (CAYMAN) XI, L.P.
By:   Insight Associates XI, L.P., its general partner
  
By:   Insight Associates XI, Ltd. its general partner
  
   
   
By:
/s/Andrew Prodromos                        
Date:  11/22/21       
Name:
Andrew Prodromos
  
Title:
Authorized Officer
  
   
   
   
INSIGHT PARTNERS (DELAWARE) XI, L.P.
  
By:   Insight Associates XI, L.P., its general partner
  
By:   Insight Associates XI, Ltd. its general partner
  
   
   
By:
/s/Andrew Prodromos                        
Date:  11/22/21       
Name:
Andrew Prodromos
  
Title:
Authorized Officer
  
   
   
   
INSIGHT PARTNERS (EU) XI, S.C.SP.
  
By:   Insight Associates (EU) XI, S.a.r.l., its general partner
  
   
   
By:
/s/Andrew Prodromos                        
Date:  11/22/21       
Name:
Andrew Prodromos
  
Title:
Authorized Officer
  
   
   
   
INSIGHT PARTNERS XI (CO-INVESTORS) (B), L.P.
  
By:   Insight Associates XI, L.P., its general partner
  
By:   Insight Associates XI, Ltd. its general partner
  
   
   
By:
/s/Andrew Prodromos                        
Date:  11/22/21       
Name:
Andrew Prodromos
  
Title:
Authorized Officer
  
   
   
   
INSIGHT PARTNERS XI (CO-INVESTORS), L.P.
  
By:   Insight Associates XI, L.P., its general partner
  
By:   Insight Associates XI, Ltd. its general partner
  
   
   
By:
/s/Andrew Prodromos                        
Date:  11/22/21       
Name:
Andrew Prodromos
  
Title:
Authorized Officer
  
   
   
   
INSIGHT PARTNERS XI, L.P.
  
By:   Insight Associates XI, L.P., its general partner
  
By:   Insight Associates XI, Ltd. its general partner
  
   
   
By:
/s/Andrew Prodromos                        
Date:  11/22/21       
Name:
Andrew Prodromos
  
Title:
Authorized Officer
  
   
EX-99.3 4 i47433726c.htm JOINT FILER INFORMATION
JOINT FILER INFORMATION
10,220,232 shares of Common Stock of the Issuer (“Shares”) are held of record by Insight Partners (Cayman) XI, L.P. (“Cayman XI”), 1,304,945 Shares are held of record by Insight Partners (Delaware) XI, L.P. (“Delaware XI”), 1,212,188 Shares are held of record by Insight Partners (EU) XI, S.C.Sp. (“EU XI”), 214,105 Shares are held of record by Insight Partners XI (Co-Investors) (B), L.P. (“Co-Investors XI B”), 155,343 Shares are held of record by Insight Partners XI (Co-Investors), L.P. (“Co-Investors XI”), and 9,328,850 Shares are held of record by Insight Partners XI, L.P. (“IP XI” and, together with Cayman XI, Delaware XI, Co-Investors XI B and Co-Investors XI, the “Fund XI Entities” and with EU XI, the “XI Funds”).
The amounts listed as owned by each Fund XI Entity may be deemed to be attributable to each of the other Fund XI Entities, Insight Associates XI, L.P. (“IA XI LP”), Insight Associates XI, Ltd. (“IA XI Ltd”) and Insight Holdings Group, LLC (“Holdings”) because Holdings is the sole shareholder of IA XI Ltd, which in turn is the general partner of IA XI LP, which in turn is the general partner of each of the Fund XI Entities. The amounts listed as owned by EU XI may be deemed to be attributable to Insight Associates (EU) XI, S.a.r.l. (“IA EU XI”) and Holdings because Holdings is the sole shareholder of IA EU XI, which in turn is the general partner of EU XI.
Each of Jeffrey Horing, Deven Parekh, Michael Triplett, and Jeffrey Lieberman is a member of the board of managers of Holdings and as such shares voting and dispositive power over the Shares held of record by the XI Funds. The foregoing is not an admission by IA XI LP, IA XI Ltd, IA EU XI or Holdings that it is the beneficial owner of the shares held of record by the XI Funds. Each of Messrs. Horing, Parekh, Triplett and Lieberman disclaims beneficial ownership of the shares held by the XI Funds, except to the extent of his pecuniary interest therein, if any.
The address of each of the entities and persons identified in this Exhibit 99.3 is c/o Insight Partners, 1114 Avenue of the Americas, 36th Floor, New York, New York 10036.