| (a) | This Amendment No. 4 ("Amendment No. 4") amends and supplements the original Schedule 13D filed on September 1, 2023 (the "Original Schedule 13D") as amended by Amendment No. 1 to the Original Schedule 13D, filed on October 18, 2023 ("Amendment No. 1"), as further amended by Amendment No. 2 to the Original Schedule 13D, filed on October 2, 2024 ("Amendment No. 2"), as further amended by Amendment No. 3 to the Original Schedule 13D, filed on October 25, 2024 ("Amendment No. 3", together with the Original Schedule 13D, Amendment No. 1 and Amendment No. 2, the "Schedule 13D"). Except as provided herein, all Items of the Schedule 13D remain unchanged and this Amendment No. 4 does not modify any information previously reported on the Schedule 13D. All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D.
This Amendment No. 4 is being filed by each of Steven Sarracino ("Mr. Sarracino"), a United States citizen, Activant Ventures Advisors III, LLC ("AVA III LLC"), a Delaware limited liability company, Activant Capital Management, LLC ("ACM LLC"), a Delaware limited liability company, Activant Ventures III, L.P. ("AV III LP"), a Delaware limited partnership, Activant Holdings I, Ltd. ("AH I LTD"), a Cayman Islands company limited by shares, Activant Ventures III Opportunities Fund 1, L.P. ("AV III OPS FUND 1"), a Delaware limited partnership, Activant Ventures III Opportunities Fund 2, L.P. ("AV III OPS FUND 2"), a Delaware limited partnership, Activant Ventures III Opportunities Fund 3, L.P. ("AV III OPS FUND 3"), a Delaware limited partnership, Activant Ventures III Opportunities Fund 4, L.P. ("AV III OPS FUND 4"), a Delaware limited partnership, Activant Ventures III Opportunities Fund 6, L.P. ("AV III OPS FUND 6" and, together with AV III LP, AV III OPS FUND 1, AV III OPS FUND 2, AV III OPS FUND 3 and AV III OPS FUND 4, the "AV III Funds"), a Delaware limited partnership, PAVF Holding Company Limited ("PAVF"), a Cayman Islands company limited by shares and Better Voyager Partners Company Limited ("Better Voyager Partners"), a Cayman Islands company limited by shares (collectively, the "Reporting Persons").
This Amendment No. 4 is being filed in part to reflect greater-than-1% decreases in the Reporting Persons' previously reported beneficial ownership percentages as a result of increases in the number of Shares outstanding, as reported by the Issuer. |
| (a) | This Amendment No. 4 hereby amends and restates Item 5(a) of the Schedule 13D in its entirety, to read as follows:
"The information set forth in Rows 7 through 13 of the cover page hereto for each Reporting Person is incorporated herein by reference for each such Reporting Person. The percentage amount set forth in Row 13 for all cover pages filed herewith is calculated based upon the 13,086,244 Shares outstanding as of May 1, 2026, as reported by the Company in its Form 10-Q filed with the Securities and Exchange Commission on May 11, 2026.
The Shares reported hereby consist of: (i) 72,206 Shares held by Better Voyager Partners; (i) 673,960 Shares that may be obtained upon the conversion of Class B common stock held by AV III LP; (iii) 142,084 Shares that may be obtained upon the conversion of Class B common stock held by AV III OPS FUND 1; (iv) 235,332 Shares that may be obtained upon the conversion of Class B common stock held by AV III OPS FUND 2; (v) 17,350 Shares that may be obtained upon the conversion of Class B common stock held by AV III OPS FUND 3; (vi) 27,832 Shares that may be obtained upon the conversion of Class B common stock held by AV III OPS FUND 4; and (vii) 121,414 Shares that may be obtained upon the conversion of Class B common stock held by AV III OPS FUND 6.
AVA III LLC, as the general partner of the AV III Funds, may be deemed to be a beneficial owner of all such Shares acquirable by the AV III Funds upon the conversion of Class B common stock. ACM LLC, as the investment advisor of the AV III Funds, may be deemed to be a beneficial owner of all such Shares acquirable by the AV III Funds upon the conversion of Class B common stock. PAVF, as the sole shareholder of Better Voyager Partners, may be deemed to be a beneficial owner of all such Shares held by Better Voyager Partners. Mr. Sarracino, as manager of each of AVA III LLC and ACM LLC, and director of PAVF, may be deemed to be a beneficial owner of all such Shares acquirable by the AV III Funds upon the conversion of Class B common stock and all such Shares held by Better Voyager Partners. Each of AVA III LLC, ACM LLC, PAVF and Mr. Sarracino hereby disclaims any beneficial ownership of any such Shares." |
