# EDGAR Filing Document

**Accession Number:** 0001337634
**File Stem:** 0001193125-25-283398
**Filing Date:** 2025-11
**Character Count:** 26755
**Document Hash:** 2fa233d94e72708c3707142d49203b1c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-283398.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0001193125-25-283398

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** StubHub Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001337634
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 202082924
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-95267
- **FILM NUMBER:** 251488525

**BUSINESS ADDRESS:**
- **STREET 1:** 175 GREENWICH STREET
- **STREET 2:** 59TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10007
- **BUSINESS PHONE:** (888) 977-5364

**MAIL ADDRESS:**
- **STREET 1:** 175 GREENWICH STREET
- **STREET 2:** 59TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10007

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Pugnacious Endeavors Inc
- **DATE OF NAME CHANGE:** 20050831
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Bessemer Venture Partners VIII L.P.
- **CENTRAL INDEX KEY:** 0001508900

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G

**BUSINESS ADDRESS:**
- **STREET 1:** 1865 PALMER AVENUE
- **CITY:** LARCHMONT
- **STATE:** NY
- **ZIP:** 01538
- **BUSINESS PHONE:** 914-833-5300

**MAIL ADDRESS:**
- **STREET 1:** 1865 PALMER AVENUE
- **CITY:** LARCHMONT
- **STATE:** NY
- **ZIP:** 01538

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** 1865B L.P.
- **DATE OF NAME CHANGE:** 20101228

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**Issuer:** StubHub Holdings, Inc.

**Title of Class of Securities:** Class A Common Stock, $0.001 par value per share

**CUSIP Number:** 86384P109

**Date of Event Which Requires Filing of this Statement:** 09/30/2025

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

- [ ] Rule 13d-1(b)

- [ ] Rule 13d-1(c)

- [x] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>Bessemer Venture Partners VIII L.P. | Names of Reporting Persons<br>Bessemer Venture Partners VIII L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>E9 | Citizenship or Place of Organization<br>E9 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>9225192 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>9225192 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>9225192 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>9225192 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>3.0% | Percent of Class Represented by Amount in Row (9)<br>3.0% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

---

| 1. | Names of Reporting Persons<br>Bessemer Venture Partners VIII Institutional L.P. | Names of Reporting Persons<br>Bessemer Venture Partners VIII Institutional L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>E9 | Citizenship or Place of Organization<br>E9 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>11094612 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>11094612 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>11094612 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>11094612 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>3.6% | Percent of Class Represented by Amount in Row (9)<br>3.6% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

---

| 1. | Names of Reporting Persons<br>Bessemer Venture Partners Century Fund Institutional L.P. | Names of Reporting Persons<br>Bessemer Venture Partners Century Fund Institutional L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>E9 | Citizenship or Place of Organization<br>E9 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>1483570 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>1483570 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>1483570 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>1483570 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>0.5% | Percent of Class Represented by Amount in Row (9)<br>0.5% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

---

| 1. | Names of Reporting Persons<br>Bessemer Venture Partners Century Fund L.P. | Names of Reporting Persons<br>Bessemer Venture Partners Century Fund L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>E9 | Citizenship or Place of Organization<br>E9 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>235115 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>235115 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>235115 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>235115 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>0.08% | Percent of Class Represented by Amount in Row (9)<br>0.08% |
| 12. | Type of Reporting Person (See Instructions)<br>CO | Type of Reporting Person (See Instructions)<br>CO |

---

| 1. | Names of Reporting Persons<br>Deer VIII & Co. L.P. | Names of Reporting Persons<br>Deer VIII & Co. L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>E9 | Citizenship or Place of Organization<br>E9 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>20319804 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>20319804 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>20319804 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>20319804 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>6.6% | Percent of Class Represented by Amount in Row (9)<br>6.6% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

---

| 1. | Names of Reporting Persons<br>Deer VIII & Co. Ltd. | Names of Reporting Persons<br>Deer VIII & Co. Ltd. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>E9 | Citizenship or Place of Organization<br>E9 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>20319804 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>20319804 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>20319804 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>20319804 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>20319804 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>6.6% | Percent of Class Represented by Amount in Row (9)<br>6.6% |
| 12. | Type of Reporting Person (See Instructions)<br>CO | Type of Reporting Person (See Instructions)<br>CO |

---

| 1. | Names of Reporting Persons<br>Deer X & Co. L.P. | Names of Reporting Persons<br>Deer X & Co. L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>E9 | Citizenship or Place of Organization<br>E9 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>1718685 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>1718685 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>1718685 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>1718685 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>0.6% | Percent of Class Represented by Amount in Row (9)<br>0.6% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

---

| 1. | Names of Reporting Persons<br>Deer X & Co. Ltd. | Names of Reporting Persons<br>Deer X & Co. Ltd. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>E9 | Citizenship or Place of Organization<br>E9 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>1718685 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>1718685 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>1718685 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>1718685 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>0.6% | Percent of Class Represented by Amount in Row (9)<br>0.6% |
| 12. | Type of Reporting Person (See Instructions)<br>CO | Type of Reporting Person (See Instructions)<br>CO |

---

| 1. | Names of Reporting Persons<br>Cloud All Star Fund, L.P. | Names of Reporting Persons<br>Cloud All Star Fund, L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>46808 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>46808 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>46808 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>46808 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>0.02% | Percent of Class Represented by Amount in Row (9)<br>0.02% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

---

| 1. | Names of Reporting Persons<br>Deer Management Co. LLC | Names of Reporting Persons<br>Deer Management Co. LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>46808 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>46808 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>46808 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>46808 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>0.02% | Percent of Class Represented by Amount in Row (9)<br>0.02% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

---

**Item 1(a). Name of Issuer:**
StubHub Holdings, Inc.

**Item 1(b). Address of Issuer's Principal Executive Offices:**
175 Greenwich Street, 59th Floor, New York, NY 10007

**Item 2(a). Name of Person Filing:**
This statement is being filed by the following persons with respect to certain shares of Class A Common Stock (the "Shares" or the "Common Stock") of the Issuer. Bessemer Venture Partners VIII L.P. ("BVP VIII"), Bessemer Venture Partners VIII Institutional L.P. ("BVP VIII Inst" and together with BVP VIII, the "BVP III Funds"), Bessemer Venture Partners Century Fund Institutional L.P. ("BVP CF Inst"), and Bessemer Venture Partners Century Fund L.P. ("BVP CF", and together with BVP CF Inst, the "BVP Century Funds") directly own shares of Class A Common Stock.

Deer VIII & Co. Ltd. ("Deer VIII Ltd") is the general partner of Deer VIII & Co. L.P. ("Deer VIII LP"), which is the general partner of the BVP III Funds.

Deer X & Co. Ltd. ("Deer X Ltd") is the general partner of Deer X & Co. L.P. ("Deer X LP"), which is the general partner of the BVP Century Funds.

Cloud All Star Fund, LP ("CASF") directly own shares of Class A Common Stock. Deer Management Company LLC ("Deer") is the management company of the Funds and owns a material interest in Cloud All Star Fund GP, LLC, the general partner of CASF.

BVP VIII, BVP VIII Inst, BVP CF Inst, BVP CF, CASF, Deer VIII Ltd, Deer VIII LP, Deer X Ltd, Deer X LP and Deer are sometimes individually referred to herein as a "Reporting Person" and collectively as the "Reporting Persons."

**Item 2(b). Address of Principal Business Office:**
The address of the principal business office of the Reporting Persons is:
c/o Bessemer Venture Partners

1865 Palmer Avenue; Suite 104

Larchmont, NY 10583

**Item 2(c). Citizenship:**
Cayman Islands and Delaware

**Item 2(d). Title of Class of Securities:**
Class A Common Stock, $0.001 par value per share

**Item 2(e). CUSIP Number:**
86384P109

**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) [ ] 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), if filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

**Item 4. Ownership:**

**(a) Amount beneficially owned:**

BVP VIII- 9,225,192 shares
BVP VIII Inst- 11,094,612 shares
BVP CF Inst -1,483,570 shares
BVP CF - 235,115 shares
CASF - 46,808 shares
Deer VIII Ltd - 20,319,804 shares
Deer VIII LP - 20,319,804 shares
Deer X Ltd - 1,718,685 shares
Deer X LP - 1,718,685 shares
Deer - 46,808 shares

**(b) Percent of class:**

BVP VIII- 3.0%
BVP VIII Inst- 3.6%
BVP CF Inst - 0.5%
BVP CF - 0.08%
CASF - 0.02%
Deer VIII Ltd - 6.6%
Deer VII LP  - 6.6%
Deer X Ltd -0.6%
Deer X LP - 0.6%
Deer -0.02%

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

**(i) Sole power to vote or to direct the vote:**

BVP VIII- 9,225,192 shares
BVP VIII Inst- 11,094,612 shares
BVP CF Inst -1,483,570 shares
BVP CF - 235,115 shares
CASF - 46,808 shares
Deer VIII Ltd - 20,319,804 shares
Deer VIII LP - 20,319,804 shares
Deer X Ltd - 1,718,685 shares
Deer X LP - 1,718,685 shares
Deer - 46,808 shares

**(ii) Shared power to vote or to direct the vote:**

BVP VIII- 0 shares
BVP VIII Inst- 0 shares
BVP CF Inst - 0 shares
BVP CF - 0 shares
CASF - 0 shares
Deer VIII Ltd - 0 shares
Deer VIII LP - 0 shares
Deer X Ltd - 0 shares
Deer X LP - 0 shares
Deer - 0 shares

**(iii) Sole power to dispose or to direct the disposition of:**

BVP VIII- 9,225,192 shares
BVP VIII Inst- 11,094,612 shares
BVP CF Inst -1,483,570 shares
BVP CF - 235,115 shares
CASF - 46,808 shares
Deer VIII Ltd - 20,319,804 shares
Deer VIII LP - 20,319,804 shares
Deer X Ltd - 1,718,685 shares
Deer X LP - 1,718,685 shares
Deer - 46,808 shares

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

BVP VIII- 0 shares
BVP VIII Inst- 0 shares
BVP CF Inst - 0 shares
BVP CF - 0 shares
CASF - 0 shares
Deer VIII Ltd - 0 shares
Deer VIII LP - 0 shares
Deer X Ltd - 0 shares
Deer X LP - 0 shares
Deer - 0 shares

**Item 5. Ownership of Five Percent or Less of a Class.**

[x] 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 five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

As the general partner of Deer VIII & Co. L.P., which in turn is the general partner of the BVP III Funds, Deer VIII & Co. Ltd. may be deemed to beneficially own all 20,319,804 Shares held directly by the BVP III Funds and have the power to direct the dividends from or the proceeds of the sale of such Shares.  As the general partner of Deer X & Co. L.P., which in turn is the general partner of the BVP Century Funds, Deer X & Co. Ltd. may be deemed to beneficially own all 1,718,685 Shares held directly by the BVP Century Funds and have the power to direct the dividends from or the proceeds of the sale of such Shares. Deer owns a material interest in Cloud All Star Fund GP, LLC, the general partner of CASF, Deer may be deemed to beneficially own all 46,808 Shares held directly by CASF and have the power to direct the dividends from or the proceeds of the sale of such Shares.

**Item 7. Identification and Classification of the Subsidiary**

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:**

—

### 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.

**Bessemer Venture Partners VIII L.P.**

**Date:** 11/14/2025

**By:** /s/ Scott Ring

**Name & Title:** Scott Ring, General Counsel, Deer VIII & Co. Ltd., the General Partner of Deer VIII & Co. L.P., the General Partner of Bessemer Venture Partners VII

**Bessemer Venture Partners VIII Institutional L.P.**

**Date:** 11/14/2025

**By:** /s/ Scott Ring

**Name & Title:** /s/ Scott Ring, General Counsel Deer VIII & Co. Ltd., the GP of Deer VIII & Co. L.P.

**Bessemer Venture Partners Century Fund Institutional L.P.**

**Date:** 11/14/2025

**By:** /s/ Scott Ring

**Name & Title:** Scott Ring, GC Deer X &Co. Ltd., the GP of Deer X & Co. L.P., the GP of Bessemer Venture Partners X, L.P.

**Bessemer Venture Partners Century Fund L.P.**

**Date:** 11/14/2025

**By:** /s/ Scott Ring

**Name & Title:** Scott Ring, GC Deer X&Co. Ltd., the GP of Deer X &Co. L.P., the GP of Bessemer Venture Partners X Institutional L.P.

**Deer VIII & Co. L.P.**

**Date:** 11/14/2025

**By:** /s/ Scott Ring

**Name & Title:** Scott Ring, General Counsel, Deer VIII & Co. Ltd., the General Partner of Deer VIII & Co. L.P.

**Deer VIII & Co. Ltd.**

**Date:** 11/14/2025

**By:** /s/ Scott Ring

**Name & Title:** Scott Ring, General Counsel, Deer VIII & Co. Ltd.

**Deer X & Co. L.P.**

**Date:** 11/14/2025

**By:** /s/ Scott Ring

**Name & Title:** Scott Ring, General Counsel, Deer X & Co. Ltd., the General Partner of Deer X & Co. L.P.

**Deer X & Co. Ltd.**

**Date:** 11/14/2025

**By:** /s/ Scott Ring

**Name & Title:** Scott Ring, General Counsel, Deer X & Co. Ltd.

**Cloud All Star Fund, L.P.**

**Date:** 11/14/2025

**By:** /s/ John Ailanjian

**Name & Title:** John Ailanjian, Managing Member and Authorized Signatory

**Deer Management Co. LLC**

**Date:** 11/14/2025

**By:** /s/ Scott Ring

**Name & Title:** Scott Ring, General Counsel