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    SEC Form SC 13G/A filed by SailPoint Technologies Holdings Inc. (Amendment)

    2/11/22 11:59:19 AM ET
    $SAIL
    Computer Software: Prepackaged Software
    Technology
    Get the next $SAIL alert in real time by email
    SC 13G/A 1 soma-sail123121a2.htm



     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION
    Washington, DC 20549

     

    SCHEDULE 13G/A

     

    Under the Securities Exchange Act of 1934

    (Amendment No. 2)*



    SailPoint Technologies Holdings, Inc.

    (Name of Issuer)

     

    Common stock, par value $0.0001 per share

    (Title of Class of Securities)

     

    78781P105

    (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:

     

    x Rule 13d-1(b)

    o Rule 13d-1(c)

    o 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.  78781P105
     SCHEDULE 13G/A
    Page 2 of 6 Pages

     

             
    1
    NAME OF REPORTING PERSONS
     
    SoMa Equity Partners, LP
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a) o
    (b) o
     
    3
    SEC USE ONLY
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
    Delaware
    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON
    WITH
    5
    SOLE VOTING POWER
     
    5,248,987
    6
    SHARED VOTING POWER
     
    0
    7
    SOLE DISPOSITIVE POWER
     
    5,248,987
    8
    SHARED DISPOSITIVE POWER
     
    0
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
    5,248,987
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
     
     
    o
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
    5.63%
    12
    TYPE OF REPORTING PERSON
     
    IA

     


     

     

    CUSIP No. 78781P105
     SCHEDULE 13G/A
    Page 3 of 6 Pages

     

    Item 1.(a) Name of Issuer

    SailPoint Technologies Holdings, Inc.

    Item 1.(b) Address of Issuer’s Principal Executive Offices

    11120 Four Points Drive, Ste. 100, Austin, TX 78726.

    Item 2.(a) Name of Person Filing:

    SoMa Equity Partners, LP (the “Reporting Person”).

     

    Item 2.(b) Address of Principal Business Office:

    44 Montgomery Street, Ste. 3710, San Francisco, CA 94104.

     

    Item 2.(c) Citizenship:

    The Reporting Person is a Delaware limited partnership.

      

    Item 2.(d) Title of Class of Securities

    Common stock, par value $0.0001 per share (the “Title of Class”)

     

    Item 2.(e) CUSIP No.:

    78781P105

     

    CUSIP No.  78781P105
     SCHEDULE 13G/A
    Page 4 of 6 Pages

     

     

    Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

      (a) ¨ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
     
      (b) ¨ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
     
      (c) ¨ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
     
      (d) ¨ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
     
      (e) x An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
     
      (f) ¨ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
     
      (g) ¨ A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
     
      (h) ¨ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
     
      (i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
     
      (j) ¨ A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);
     
      (k) ¨ A group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:                            
           

     

    CUSIP No. 78781P105
     SCHEDULE 13G/A
    Page 5 of 6 Pages

     

     

    Item 4. Ownership

    (a) Amount Beneficially Owned:

    As of the date hereof, the Reporting Person may be deemed to be the beneficial owner of 5,248,987 Shares.

    (b) Percent of Class:

    As of the date hereof, the Reporting Person may be deemed to be the beneficial owner of 5.63% of the total number of Shares outstanding (based on information provided by the Issuer on the Form 10-Q filed November 9, 2021, there were 93,263,655 Shares outstanding as of November 3, 2021).

     

    (c) Number of shares as to which such person has:

    SoMa Equity Partners, LP

    (i) Sole power to vote or direct the vote 5,248,987

    (ii) Shared power to vote or to direct the vote 0

    (iii) Sole power to dispose or to direct the disposition of 5,248,987

    (iv) Shared power to dispose or to direct the disposition of 0

     

    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 or Control Person

    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

    By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

     

     
    CUSIP No. 78781P105
     SCHEDULE 13G/A
    Page 6 of 6 Pages

     

     

    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.

     

    Dated: February 11, 2022

     

     

     

     

    SoMa Equity Partners, LP

           
      By:  /s/ Cindy Yang
        Cindy Yang, Chief Financial Officer
           
           

     

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