SEC Form SC 13G/A filed by WalkMe Ltd. (Amendment)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 205491
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)*
WalkMe Ltd.
(Name of Issuer)
Ordinary Shares
(Title of Class of Securities)
M97628107
(CUSIP Number)
12/31/2022
(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. M97628107
| 1. |
Name of Reporting Persons I.R.S. Identification No(s). of above person(s) (entities only)
Scale Venture Management IV, LLC | |||||
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐
| |||||
| 3. | SEC USE ONLY
| |||||
| 4. | Citizenship or Place of Organization
California | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
5. | Sole Voting Power
9,249,021 (See Item 4 herein) | ||||
| 6. | Shared Voting Power
0 | |||||
| 7. | Sole Dispositive Power
9,249,021 (See Item 4 herein) | |||||
| 8. | Shared Dispositive Power
0 | |||||
| 9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
9,249,021 (See Item 4 herein) | |||||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
☐ | |||||
| 11. | Percent of Class Represented by Amount in Row (9)
10.87% (See Item 4 herein) | |||||
| 12. | Type of Reporting Person (See Instructions)
CO | |||||
CUSIP No. M97628107
| 1. |
Name of Reporting Persons I.R.S. Identification No(s). of above person(s) (entities only)
Scale Venture Partners IV, L.P. | |||||
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐
| |||||
| 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
0 | ||||
| 6. | Shared Voting Power
9,429,021 (See Item 4 herein) | |||||
| 7. | Sole Dispositive Power
0 | |||||
| 8. | Shared Dispositive Power
9,429,021 (See Item 4 herein) | |||||
| 9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
9,429,021 (See Item 4 herein) | |||||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
☐ | |||||
| 11. | Percent of Class Represented by Amount in Row (9)
10.87% (See Item 4 herein) | |||||
| 12. | Type of Reporting Person (See Instructions)
PN | |||||
CUSIP No. M97628107
| 1. |
Name of Reporting Persons I.R.S. Identification No(s). of above person(s) (entities only)
Scale Management, LLC | |||||
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐
| |||||
| 3. | SEC USE ONLY
| |||||
| 4. | Citizenship or Place of Organization
California | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
5. | Sole Voting Power
3,288 (See Item 4 herein) | ||||
| 6. | Shared Voting Power
0 | |||||
| 7. | Sole Dispositive Power
3,288 (See Item 4 herein) | |||||
| 8. | Shared Dispositive Power
0 | |||||
| 9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
3,288 (See Item 4 herein) | |||||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
☐ | |||||
| 11. | Percent of Class Represented by Amount in Row (9)
0.03% (See Item 4 herein) | |||||
| 12. | Type of Reporting Person (See Instructions)
CO | |||||
CUSIP No. M97628107
| 1. |
Name of Reporting Persons I.R.S.
Identification No(s). of above person(s) (entities only)
Rory O’Driscoll | |||||
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐
| |||||
| 3. | SEC USE ONLY
| |||||
| 4. | Citizenship or Place of Organization
US | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
5. | Sole Voting Power
6,207 (See Item 4 herein) | ||||
| 6. | Shared Voting Power
9,432,309 (See Item 4 herein) | |||||
| 7. | Sole Dispositive Power
6,207 (See Item 4 herein) | |||||
| 8. | Shared Dispositive Power
9,432,309 (See Item 4 herein) | |||||
| 9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
9,438,516 (See Item 4 herein) | |||||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
☐ | |||||
| 11. | Percent of Class Represented by Amount in Row (9)
10.88% (See Item 4 herein) | |||||
| 12. | Type of Reporting Person (See Instructions)
IN | |||||
CUSIP No. M97628107
| 1. |
Name of Reporting Persons I.R.S. Identification No(s). of above person(s) (entities only)
Stacey Bishop | |||||
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐
| |||||
| 3. | SEC USE ONLY
| |||||
| 4. | Citizenship or Place of Organization
US | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
5. | Sole Voting Power
0 | ||||
| 6. | Shared Voting Power
9,432,309 (See Item 4 herein) | |||||
| 7. | Sole Dispositive Power
0 | |||||
| 8. | Shared Dispositive Power
9,432,309 (See Item 4 herein) | |||||
| 9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
9,432,309 (See Item 4 herein) | |||||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
☐ | |||||
| 11. | Percent of Class Represented by Amount in Row (9)
10.87% (See Item 4 herein) | |||||
| 12. | Type of Reporting Person (See Instructions)
IN | |||||
CUSIP No. M97628107
| 1. |
Name of Reporting Persons I.R.S. Identification No(s). of above person(s) (entities only)
Andrew Vitus | |||||
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐
| |||||
| 3. | SEC USE ONLY
| |||||
| 4. | Citizenship or Place of Organization
US | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
5. | Sole Voting Power
0 | ||||
| 6. | Shared Voting Power
9,432,309 (See Item 4 herein) | |||||
| 7. | Sole Dispositive Power
0 | |||||
| 8. | Shared Dispositive Power
9,432,309 (See Item 4 herein) | |||||
| 9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
9,432,309 (See Item 4 herein) | |||||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
☐ | |||||
| 11. | Percent of Class Represented by Amount in Row (9)
10.87% (See Item 4 herein) | |||||
| 12. | Type of Reporting Person (See Instructions)
IN | |||||
CUSIP No. M97628107
| 1. |
Name of Reporting Persons I.R.S.
Identification No(s). of above person(s) (entities only)
Ariel Tseitlin | |||||
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐
| |||||
| 3. | SEC USE ONLY
| |||||
| 4. | Citizenship or Place of Organization
US | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
5. | Sole Voting Power
0 | ||||
| 6. | Shared Voting Power
3,288 (See Item 4 herein) | |||||
| 7. | Sole Dispositive Power
0 | |||||
| 8. | Shared Dispositive Power
3,288 (See Item 4 herein) | |||||
| 9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
3,288 (See Item 4 herein) | |||||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
☐ | |||||
| 11. | Percent of Class Represented by Amount in Row (9)
0.03% (See Item 4 herein) | |||||
| 12. | Type of Reporting Person (See Instructions)
IN | |||||
CUSIP No. M97628107
| 1. |
Name of Reporting Persons I.R.S. Identification No(s). of above person(s) (entities only)
Alexander Niehenke | |||||
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐
| |||||
| 3. | SEC USE ONLY
| |||||
| 4. | Citizenship or Place of Organization
US | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
5. | Sole Voting Power
0 | ||||
| 6. | Shared Voting Power
3,288 (See Item 4 herein) | |||||
| 7. | Sole Dispositive Power
0 | |||||
| 8. | Shared Dispositive Power
3,288 (See Item 4 herein) | |||||
| 9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
3,288 (See Item 4 herein) | |||||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
☐ | |||||
| 11. | Percent of Class Represented by Amount in Row (9)
0.03% (See Item 4 herein) | |||||
| 12. | Type of Reporting Person (See Instructions)
IN | |||||
| Item 1. | |
| (a) | Name of Issuer |
WalkMe Ltd.
| (b) | Address of Issuer’s Principal Executive Offices |
1 Walter Moses Street
Tel Aviv, 6789903, Israel
| Item 2. | |
| (a) | Name of Person Filing |
Scale Venture Management IV, LLC; Scale Venture Partners IV, L.P.; Scale Management, LLC; Rory O’ Driscoll; Stacey Bishop; Andrew Vitus; Ariel Tseitlin and Alexander Niehenke
| (b) | Address of Principal Business Office or, if none, Residence |
| Scale Venture Management IV, LLC: 950 Tower Lane, Suite 1150, Foster City, CA 94404 |
| Scale Venture Partners IV, L.P.: 950 Tower Lane, Suite 1150, Foster City, CA 94404 |
| Scale Management, LLC: 950 Tower Lane, Suite 1150, Foster City, CA 94404 |
| Rory O’Driscoll: 950 Tower Lane, Suite 1150, Foster City, CA 94404 |
| Stacey Bishop: 950 Tower Lane, Suite 1150, Foster City, CA 94404 |
| Andrew Vitus: 950 Tower Lane, Suite 1150, Foster City, CA 94404 |
| Ariel Tseitlin: 950 Tower Lane, Suite 1150, Foster City, CA 94404 |
| Alexander Niehenke: 950 Tower Lane, Suite 1150, Foster City, CA 94404 |
| (c) | Citizenship |
Scale Venture Management IV, LLC, Scale Venture Partners IV, L.P. and Scale Management, LLC are organized in Delaware. Each of Rory O’Driscoll, Stacey Bishop, Andrew Vitus, Ariel Tseitlin and Alexander Niehenke are US citizens.
| (d) | Title of Class of Securities |
Ordinary Shares
| (e) | CUSIP Number |
M97628107
| 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: |
Not applicable
| Item 4. | Ownership |
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
| (a) |
Amount Beneficially Owned: | |||||
| Scale Venture Management IV, LLC | 9,429,021 | (1) | ||||
| Scale Venture Partners IV, L.P. | 9,429,021 | (1) | ||||
| Scale Management, LLC | 3,288 | (2) | ||||
| Rory O’Driscoll | 9,438,516 | (1)(2)(3) | ||||
| Stacey Bishop | 9,432,309 | (1)(2) | ||||
| Andrew Vitus | 9,432,309 | (1)(2) | ||||
| Ariel Tseitlin | 3,288 | (2) | ||||
| Alexander Niehenke | 3,288 | (2) | ||||
| (b) |
Percent of Class: | |||||
| Scale Venture Management IV, LLC | 10.87 | %(4) | ||||
| Scale Venture Partners IV, L.P. | 10.87 | %(4) | ||||
| Scale Management, LLC | 0.03 | %(4) | ||||
| Rory O’Driscoll | 10.88 | %(4) | ||||
| Stacey Bishop | 10.87 | %(4) | ||||
| Andrew Vitus | 10.87 | %(4) | ||||
| Ariel Tseitlin | 0.03 | %(4) | ||||
| Alexander Niehenke | 0.03 | %(4) | ||||
| (c) |
Number of shares as to which the person has: | |||||
| (i) Sole power to vote or to direct the vote: |
||||||
| Scale Venture Management IV, LLC | 9,429,021 | (1) | ||||
| Scale Venture Partners IV, L.P. | 0 | |||||
| Scale Management, LLC | 3,288 | (2) | ||||
| Rory O’Driscoll | 6,207 | (3) | ||||
| Stacey Bishop | 0 | |||||
| Andrew Vitus | 0 | |||||
| Ariel Tseitlin | 0 | |||||
| Alexander Niehenke | 0 | |||||
| (ii) Shared power to vote or to direct the vote: |
||||||
| Scale Venture Management IV, LLC | 0 | |||||
| Scale Venture Partners IV, L.P. | 9,429,021 | (1) | ||||
| Scale Management, LLC | 0 | |||||
| Rory O’Driscoll | 9,432,309 | (1)(2) | ||||
| Stacey Bishop | 9,432,309 | (1)(2) | ||||
| Andrew Vitus | 9,432,309 | (1)(2) | ||||
| Ariel Tseitlin | 3,288 | (2) | ||||
| Alexander Niehenke | 3,288 | (2) | ||||
| (iii) Sole power to dispose or to direct the disposition of: |
||||||
| Scale Venture Management IV, LLC | 9,429,021 | (1) | ||||
| Scale Venture Partners IV, L.P. | 0 | |||||
| Scale Management, LLC | 3,288 | (2) | ||||
| Rory O’Driscoll | 6,207 | (3) | ||||
| Stacey Bishop | 0 | |||||
| Andrew Vitus | 0 | |||||
| Ariel Tseitlin | 0 | |||||
| Alexander Niehenke | 0 | |||||
| (iv) Shared power to dispose or to direct the disposition of: |
||||||
|
|
Scale Venture Management IV, LLC | 0 | ||||
| Scale Venture Partners IV, L.P. | 9,429,021 | (1) | ||||
| Scale Management, LLC | 0 | |||||
| Rory O’Driscoll | 9,432,309 | (1)(2) | ||||
| Stacey Bishop | 9,432,309 | (1)(2) | ||||
| Andrew Vitus | 9,432,309 | (1)(2) | ||||
| Ariel Tseitlin | 3,288 | (2) | ||||
| Alexander Niehenke | 3,288 | (2) | ||||
| (1) | Includes 9,429,021 Ordinary Shares held on December 31, 2022 by Scale Venture Partners IV, LP (“SVP IV”). Scale Venture Management IV, LLC (“SVM IV”) is the general partner of Scale Venture Management IV, LP (“SVM LP”), the general partner of SVP IV. SVM IV is the ultimate general partner of SVP IV and has sole voting and dispositive power with respect to the shares held by SVP IV. The reporting person is a manager of SVM IV and shares voting and dispositive power over the shares held by SVP IV with the other managers of SVM IV. The reporting person disclaims beneficial ownership with respect to all of these shares except to the extent of her pecuniary interests therein. |
| (2) | Includes 3,288 Ordinary Shares held on December 31, 2022 by Scale Management, LLC. |
| (3) | Includes 6,207 Ordinary Shares issuable pursuant to stock options exercisable within 60 days of December 31, 2022. |
| (4) | Based on 86,780,082 Ordinary Shares outstanding on December 31, 2022 as reported by the Issuer. |
| Item 5. | Ownership of 5 Percent or Less of a Class |
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following ☐.
| 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 a Group |
Not Applicable
| Item 10. | Certification |
Not applicable
[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 10, 2023
| SCALE VENTURE MANAGEMENT IV, LLC | SCALE MANAGEMENT, LLC | |||||||
| By: | /s/ Rory O’ Driscoll |
By: | /s/ Rory O’Driscoll | |||||
| Name: Rory O’Driscoll | Name: Rory O’Driscoll | |||||||
| Title: Manager | Title: Managing Member | |||||||
| SCALE VENTURE PARTNERS IV, L.P. | ||||||||
| By: | Scale Venture Management IV, L.P | |||||||
| its General Partner | ||||||||
| By: | /s/ Rory O’Driscoll |
|||||||
| Name: Rory O’Driscoll | ||||||||
| Title: Managing Member | ||||||||
| By: | /s/ Rory O’Driscoll |
By: | /s/ Andrew Vitus | |||||
| Name: Rory O’Driscoll | Name: Andrew Vitus | |||||||
| By: | /s/ Ariel Tseitlin |
By: | /s/ Stacey Bishop | |||||
| Name: Ariel Tseitlin | Name: Stacey Bishop | |||||||
| By: | /s/ Alexander Niehenke |
|||||||
| Name: Alexander Niehenke | ||||||||
EXHIBITS
| A: | Joint Filing Agreement |