SEC Form SC 13G filed by Thoughtworks Holding Inc.

$TWKS
EDP Services
Technology
Get the next $TWKS alert in real time by email
SC 13G 1 d264767dsc13g.htm SC 13G SC 13G

 

 

Securities and Exchange Commission

Washington, D.C. 20549

 

 

Schedule 13G

(Rule 13d-102)

Information to be Included in Statements Filed Pursuant

to § 240.13d-1(b), (c) and (d) and Amendments Thereto Filed

Pursuant to § 240.13d-2

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No.     )*

 

 

Thoughtworks Holding, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

88546E105

(CUSIP Number)

December 31, 2021

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

Rule 13d-1(b)

 

Rule 13d-1(c)

 

Rule 13d-1(d)

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


CUSIP No. 88546E105    Schedule 13G    Page 1 of 4

 

  1    

  Names of Reporting Persons

 

  Siemens AG

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  Germany

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5    

  Sole Voting Power

 

  24,152,051

   6  

  Shared Voting Power

 

  0

   7  

  Sole Dispositive Power

 

  24,152,051

   8  

  Shared Dispositive Power

 

  0

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  24,152,051

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  7.9%

12  

  Type of Reporting Person

 

  OO


CUSIP No. 88546E105    Schedule 13G    Page 2 of 4

 

ITEM 1.

  (a)         Name of Issuer:

Thoughtworks Holding, Inc. (the “Issuer”).

 

  (b)

Address of Issuer’s Principal Executive Offices:

200 East Randolph Street, 25th Floor, Chicago, IL 60601

 

ITEM 2.

  (a)         Name of Person Filing:

This statement is filed on behalf of Siemens AG (the “Reporting Person”).

 

  (b)

Address or Principal Business Office:

The business address of the Reporting Person is Otto-Hahn-Ring 6, 81739 Munich, Germany.

 

  (c)

Citizenship of each Reporting Person is:

Siemens AG is organized under the laws of Germany.    

 

  (d)

Title of Class of Securities:

Common Stock, $0.001 par value per share (“Common Stock”).

 

  (e)

CUSIP Number:

88546E105

 

ITEM 3.

Not applicable.


CUSIP No. 88546E105    Schedule 13G    Page 3 of 4

 

ITEM 4.

Ownership.

(a-c)

The ownership information presented below represents beneficial ownership of Common Stock of the Issuer as of December 31, 2021, based upon 305,117,043 shares of Common Stock outstanding as of November 11, 2021, as disclosed in the Quarterly Report on Form 10-Q as filed by the Issuer with the Securities and Exchange Commission on November 15, 2021.

 

Reporting Person   

Amount

beneficially

owned

    

Percent

of class:

    Sole power
to vote or to
direct the
vote:
     Shared power
to vote or to
direct the vote:
    

Sole power
to dispose or
to direct the
disposition

of:

    

Shared

power to

dispose or

to direct

the

disposition

of:

 

Siemens AG

     24,152,051        7.9     24,152,051        0        24,152,051        0  

Siemens AG is the record owner of the shares of Common Stock reported herein.

 

ITEM 5.

Ownership of Five Percent or Less of a Class.

Not applicable.

 

ITEM 6.

Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

 

ITEM 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

Not applicable.

 

ITEM 8.

Identification and Classification of Members of the Group.

Not applicable.

 

ITEM 9.

Notice of Dissolution of Group.

Not applicable.

 

ITEM 10.

Certification.

Not applicable.


CUSIP No. 88546E105    Schedule 13G    Page 4 of 4

 

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: February 10, 2022

 

Siemens AG
By:  

/s/ Christian A. Bleiweiss

Name:   Christian A. Bleiweiss
Title:   Chief Counsel M&A
By:  

/s/ Yves Metzner

Name:   Yves Metzner
Title:   SVP M&A
Get the next $TWKS alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$TWKS

DatePrice TargetRatingAnalyst
6/24/2024$2.50Sell
Goldman
2/28/2024Outperform → Mkt Perform
William Blair
1/2/2024$6.00Neutral → Outperform
Robert W. Baird
10/17/2023Outperform → Peer Perform
Wolfe Research
8/10/2023$9.00 → $6.00Outperform → Market Perform
TD Cowen
8/9/2023$10.00 → $6.00Outperform → Sector Perform
RBC Capital Mkts
1/17/2023Buy → Neutral
Citigroup
11/14/2022$14.00 → $9.50Overweight → Neutral
Piper Sandler
More analyst ratings

$TWKS
Press Releases

Fastest customizable press release news feed in the world

See more
  • Thoughtworks Completes Transaction to Go Private in $1.75 Billion Deal with Apax Funds

    Thoughtworks (NASDAQ:TWKS), a global technology consultancy that integrates strategy, design and engineering, today announced the completion of its acquisition by affiliates of certain investment funds advised by Apax Partners LLP ("Apax Funds"). The transaction, valued at approximately $1.75 billion, takes Thoughtworks private. Under the terms of the agreement, Thoughtworks' stockholders will receive $4.40 per share in cash, a 48% premium over the volume-weighted average price of Thoughtworks stock for the 30 days ending August 2, 2024, the last full trading day prior to the transaction announcement. With the transaction's completion, Thoughtworks' shares will no longer be publicly tra

    $TWKS
    EDP Services
    Technology
  • Thoughtworks Reports Third Quarter 2024 Financial Results

    Third quarter revenues of $261.4 million Thoughtworks Holding, Inc. (NASDAQ:TWKS) ("Thoughtworks" or the "Company"), a leading global technology consultancy, today reported results for the third quarter of 2024. Acquisition Update As announced on August 5, 2024, Thoughtworks has entered into a definitive merger agreement to be acquired by affiliates of certain investment funds advised by Apax Partners LLP for $4.40 per share (the "Merger"). In connection with the Merger, Thoughtworks has filed a definitive Information Statement with the Securities and Exchange Commission on October 21, 2024. A copy of the Information Statement can be found by visiting the Investor Relations section

    $TWKS
    EDP Services
    Technology
  • Thoughtworks Technology Radar Finds Trend in Tools to Simplify LLMs for Practical AI Applications

    Thoughtworks (NASDAQ:TWKS), a global technology consultancy that integrates strategy, design and engineering to drive digital innovation, today released volume 31 of the Technology Radar, a biannual report informed by Thoughtworks' observations, conversations and frontline experiences solving its clients' most complex business challenges. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241023294155/en/ This volume spotlights the proliferation of generative AI tools, platforms and frameworks that are emerging to help developers build them not only more effectively but also more responsibly. Being able to control the ‘context window

    $TWKS
    EDP Services
    Technology

$TWKS
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

$TWKS
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$TWKS
SEC Filings

See more

$TWKS
Leadership Updates

Live Leadership Updates

See more
  • Thoughtworks CEO Guo Xiao to Step Down; Board Appoints Industry Veteran, Mike Sutcliff, as CEO

    Thoughtworks Holding, Inc. (NASDAQ:TWKS), a global technology consultancy that integrates strategy, design and engineering, announced today that Guo Xiao is stepping down from the role of Chief Executive Officer and Director. The Board of Directors has selected Mike Sutcliff to succeed Guo Xiao as Chief Executive Officer and Director. The changes will be effective June 17, 2024, and Guo Xiao will remain as an advisor to Thoughtworks to support the transition. "On behalf of the Board, I would like to thank Xiao for his enormous contribution to Thoughtworks. His leadership has been foundational in developing Thoughtworks as an industry leader and home to the world's best technologists," sai

    $TWKS
    EDP Services
    Technology
  • Thoughtworks Advances Generative AI Strategy With Appointment of Mike Mason as Chief AI Officer

    Thoughtworks (NASDAQ:TWKS), a global technology consultancy that integrates strategy, design and engineering, today announced the appointment of Mike Mason as Chief Artificial Intelligence (AI) Officer. Mason will report to Thoughtworks' Chief Technology Officer, Rachel Laycock. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230607005379/en/As Chief AI Officer, Mason will guide clients through their generative AI journeys and accelerate their adoption of this new technology. (Photo: Business Wire) In this new global role, Mason will guide clients through their generative AI journeys and accelerate their adoption of this new tech

    $TWKS
    EDP Services
    Technology

$TWKS
Financials

Live finance-specific insights

See more
  • Thoughtworks Reports Third Quarter 2024 Financial Results

    Third quarter revenues of $261.4 million Thoughtworks Holding, Inc. (NASDAQ:TWKS) ("Thoughtworks" or the "Company"), a leading global technology consultancy, today reported results for the third quarter of 2024. Acquisition Update As announced on August 5, 2024, Thoughtworks has entered into a definitive merger agreement to be acquired by affiliates of certain investment funds advised by Apax Partners LLP for $4.40 per share (the "Merger"). In connection with the Merger, Thoughtworks has filed a definitive Information Statement with the Securities and Exchange Commission on October 21, 2024. A copy of the Information Statement can be found by visiting the Investor Relations section

    $TWKS
    EDP Services
    Technology
  • Thoughtworks Reports Second Quarter 2024 Financial Results

     Second quarter revenues of $251.7 million Thoughtworks signed definitive merger agreement to be taken private by an affiliate of funds advised by Apax Partners LLP Thoughtworks Holding, Inc. (NASDAQ:TWKS) ("Thoughtworks" or the "Company"), a leading global technology consultancy, today reported results for the second quarter of 2024. Acquisition Update As announced a short time ago, Thoughtworks has entered into a definitive merger agreement to be acquired by an affiliate of funds advised by Apax Partners LLP for $4.40 per share. A copy of the press release can be found by visiting the Investor Relations section of the Thoughtworks corporate website at thoughtworks.com. In light

    $TWKS
    EDP Services
    Technology
  • Thoughtworks to Report Second Quarter 2024 Financial Results

    Thoughtworks (NASDAQ:TWKS), a global technology consultancy that integrates strategy, design and engineering to drive digital innovation, will report financial results for the second quarter of 2024 on Tuesday, August 6, 2024 before market open. Following the release of results, Thoughtworks will host a conference call at 8:00 a.m. ET to discuss its financial results with the investment community. A live webcast of the call will be available at https://investors.thoughtworks.com. The archived webcast and transcript will be available on the investor relations section of the Thoughtworks website. Supporting resources: Keep up with Thoughtworks news by visiting the company's website.

    $TWKS
    EDP Services
    Technology

$TWKS
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more