| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SQSP | Class A Common Stock | Sale | -$177M | -6M | -36.08% | $29.50 | 10.6M | Nov 20, 2023 | See footnote | F1, F2, F3, F4, F5, F6 |
| Id | Content |
|---|---|
| F1 | The shares of Class A common stock were sold by General Atlantic (SQRS) LP ("GA SQRS") and General Atlantic (SQRS II), LP ("GA SQRS II"), each a Delaware limited partnership, pursuant to a registered public offering that closed on November 20, 2023, at a price of $29.50 (net of underwriting discount). Following the registered public offering, GA SQRS no longer holds any securities of the Issuer. |
| F2 | Reflects 10,611,073 shares of Class A common stock held directly by GA SQRS II and 16,751 shares of Class A common stock that were issued upon the settlement of RSUs granted to Anton J. Levy, who is an employee of General Atlantic Service Company, L.P. ("GASC") and director of the Issuer and holds the securities solely for the benefit of GASC, which is controlled by the management committee of GASC MGP, LLC (the "Management Committee"). |
| F3 | The limited partners that share beneficial ownership of the securities held by GA SQRS II are General Atlantic Partners 100, L.P., a Delaware limited partnership ("GAP 100"), GAP Coinvestments CDA, L.P., a Delaware limited partnership ("GAPCO CDA"), GAP Coinvestments III, LLC, a Delaware limited liability company ("GAPCO III"), GAP Coinvestments IV, LLC, a Delaware limited liability company ("GAPCO IV"), and GAP Coinvestments V, LLC, a Delaware limited liability company ("GAPCO V"). |
| F4 | The limited partners that share beneficial ownership of the securities held by GA SQRS are General Atlantic Partners 93, L.P., a Delaware limited partnership ("GAP 93"), GAPCO CDA, GAPCO III, GAPCO IV, GAPCO V, and GAPCO GmbH & Co. KG, a German partnership ("GAPCO KG"). |
| F5 | The general partner of each of GA SQRS and GA SQRS II is General Atlantic (SPV) GP, LLC, a Delaware limited liability company ("GA SPV"). The general partner of GAP 93 and GAP 100 is General Atlantic GenPar, L.P., a Delaware limited partnership ("GA GenPar"). General Atlantic, L.P. a Delaware limited liability company ("GA LP"), which is controlled by the Management Committee, is the general partner of GA GenPar and GAPCO CDA, the managing member of GAPCO III, GAPCO IV and GAPCO V, and the sole member of GA SPV. GAPCO Management GmbH, a German company ("GAPCO Management"), is the general partner of GAPCO KG. The Management Committee controls the investment and voting decisions of GAPCO Management. |
| F6 | There are eleven members of the Management Committee. Each of the members of the Management Committee disclaims ownership of the shares except to the extent that he has a pecuniary interest therein. |
GA SQRS, GA SQRS II, GAP 93, GAP 100, GAP III, GAPCO IV, GAPCO V, GAPCO CDA, GAPCO KG, GA SPV, GA GenPar, GAPCO Management and GA LLC may be deemed to be members of a "group" for the purposes of the Securities Exchange Act of 1934. Each reporting person disclaims beneficial ownership of any securities deemed to be owned by the group that are not directly owned by the reporting person. This report shall not be deemed an admission that the reporting persons are a member of a group or the beneficial owner of any securities not directly owned by the reporting person. Each of the reporting persons is a director-by-deputization solely for purposes of Section 16 of the Exchange Act.. // Form 2 of 2