# EDGAR Filing Document

**Accession Number:** 0001020066
**File Stem:** 0001020066-25-000030
**Filing Date:** 2025-8
**Character Count:** 44409
**Document Hash:** e8ad011a27ac8159356c013fceda3faf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001020066-25-000030.hdr.sgml**: 20250822

**ACCESSION NUMBER**: 0001020066-25-000030

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250822

**EFFECTIVENESS DATE**: 20250822

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SANDS CAPITAL MANAGEMENT, LLC
- **CENTRAL INDEX KEY:** 0001020066

**ORGANIZATION NAME:**
- **EIN:** 202830751
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-05734
- **FILM NUMBER:** 251242359

**BUSINESS ADDRESS:**
- **STREET 1:** SANDS CAPITAL MANAGEMENT, LLC
- **STREET 2:** 1000 WILSON BLVD, SUITE 3000
- **CITY:** ARLINGTON
- **STATE:** VA
- **ZIP:** 22209
- **BUSINESS PHONE:** 703-562-4000

**MAIL ADDRESS:**
- **STREET 1:** SANDS CAPITAL MANAGEMENT, LLC
- **STREET 2:** 1000 WILSON BLVD, SUITE 3000
- **CITY:** ARLINGTON
- **STATE:** VA
- **ZIP:** 22209

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SANDS CAPITAL MANAGEMENT, LP
- **DATE OF NAME CHANGE:** 20051024

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SANDS CAPITAL MANAGEMENT
- **DATE OF NAME CHANGE:** 20050804

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SANDS CAPITAL MANAGEMENT INC
- **DATE OF NAME CHANGE:** 19990317

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0001020066

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Institutional Manager

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** SANDS CAPITAL MANAGEMENT, LLC

**Address:** SANDS CAPITAL MANAGEMENT, LLC, ARLINGTON, VA 22209

**Telephone number:** 703-562-4000

**Name of agent for service:** —

**Agent Address:** —, —, — —

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 028-05734

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** 549300EZ3H51OQNSS023

**Report Type (check only one):**

Institutional Manager.

- [x] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [ ] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 0

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                     | CUSIP     | MEETING DATE   | VOTE DESCRIPTION                                                                                                                                                                                                                                                                                                                                                 | VOTE CATEGORY                |   SHARES VOTED |   SHARES ON LOAN | HOW VOTED   |   SHARES VOTED FOR OR AGAINST MANAGEMENT | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| Airbnb, Inc.                       | 009066101 | 06/04/2025     | To approve, on an advisory (non-binding) basis, the compensation of our named executive officers.                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |         621067 |                0 | Against     |                                   621067 | AGAINST                     |  |
| Amazon.com, Inc.                   | 023135106 | 05/21/2025     | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION                                                                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |        7572965 |                0 | For         |                                  7572965 | FOR                         |  |
| Amphenol Corporation               | 032095101 | 05/15/2025     | Advisory vote to approve compensation of named executive officers                                                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |         930504 |                0 | For         |                                   930504 | FOR                         |  |
| Apple Inc.                         | 037833100 | 02/25/2025     | Advisory vote to approve executive compensation                                                                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |        2012193 |                0 | For         |                                  2012193 | FOR                         |  |
| Arthur J. Gallagher  Co.           | 363576109 | 05/13/2025     | Approval, on an Advisory Basis, of the Compensation of our Named Executive Officers.                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |         202925 |                0 | For         |                                   202925 | FOR                         |  |
| Atlassian Corporation              | 049468101 | 12/11/2024     | An advisory vote to approve the compensation of our named executive officers for the fiscal year ended June 30, 2024.                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |        2979979 |                0 | For         |                                  2979979 | FOR                         |  |
| Axon Enterprise, Inc.              | 05464C101 | 05/29/2025     | Proposal No. 2 requests that shareholders vote to approve, on an advisory basis, the compensation of the Company's named executive officers.                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |        1299152 |                0 | For         |                                  1299152 | FOR                         |  |
| Bill Holdings, Inc.                | 090043100 | 12/05/2024     | To approve, on an advisory basis, the compensation of our Named Executive Officers (Say-on-Pay).                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |           1255 |                0 | For         |                                     1255 | FOR                         |  |
| Block, Inc.                        | 852234103 | 06/17/2025     | TO APPROVE, ON AN ADVISORY BASIS, THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS.                                                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |        5603325 |                0 | For         |                                  5603325 | FOR                         |  |
| Broadcom Inc.                      | 11135F101 | 04/21/2025     | Advisory vote to approve the named executive officer compensation.                                                                                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |         985933 |                0 | For         |                                   985933 | FOR                         |  |
| Builders FirstSource, Inc.         | 12008R107 | 05/27/2025     | An advisory vote on the compensation of the named executive officers                                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |         682485 |                0 | For         |                                   682485 | FOR                         |  |
| BWX Technologies, Inc.             | 05605H100 | 05/02/2025     | Advisory vote on compensation of our Named Executive Officers.                                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |            110 |                0 | For         |                                      110 | FOR                         |  |
| Cadence Design Systems, Inc.       | 127387108 | 05/08/2025     | Advisory resolution to approve named executive officer compensation.                                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |         187494 |                0 | For         |                                   187494 | FOR                         |  |
| Carvana Co.                        | 146869102 | 05/05/2025     | To consider the approval, by an advisory vote, of the compensation of our named executive officers as disclosed in the Proxy Statement ("say-on-pay");                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          61131 |                0 | For         |                                    61131 | FOR                         |  |
| Carvana Co.                        | 146869102 | 05/05/2025     | To recommend, by an advisory vote, the frequency of future advisory votes on the compensation of our named executive officers ("say-on-pay frequency");                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |          61131 |                0 | One Year    |                                    61131 | FOR                         |  |
| Cloudflare, Inc.                   | 18915M107 | 06/05/2025     | Approval, on an advisory basis, of the compensation of our named executive officers.                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |        3933860 |                0 | Against     |                                  3933860 | AGAINST                     |  |
| Coursera, Inc.                     | 22266M104 | 05/20/2025     | Approval, on a non-binding advisory basis, of the compensation of the Company's named executive officers.                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |           1285 |                0 | For         |                                     1285 | FOR                         |  |
| Desktop Metal, Inc.                | 25058X303 | 10/02/2024     | To approve, on a non-binding advisory basis, the executive officer compensation that will or may be paid to Desktop Metal's named executive officers that is based on or otherwise relates to the transactions contemplated by the Merger Agreement.                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |           5013 |                0 | For         |                                     5013 | FOR                         |  |
| DexCom, Inc.                       | 252131107 | 05/08/2025     | To provide a non-binding advisory vote on the compensation of our named executive officers for the fiscal year ended December 31, 2024.                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |        7116511 |                0 | For         |                                  7116511 | FOR                         |  |
| Edwards Lifesciences Corporation   | 28176E108 | 05/08/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          18037 |                0 | For         |                                    18037 | FOR                         |  |
| Entegris, Inc.                     | 29362U104 | 04/23/2025     | Approval, by non-binding vote, of the compensation paid to Entegris, Inc.'s named executive officers (advisory vote).                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |           9709 |                0 | Against     |                                     9709 | AGAINST                     |  |
| Flutter Entertainment plc          | G3643J108 | 06/05/2025     | Approval, on an advisory basis, of the compensation of our Named Executive Officers.                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |        1450202 |                0 | For         |                                  1450202 | FOR                         |  |
| Flutter Entertainment plc          | G3643J108 | 06/05/2025     | Approval, on an advisory basis, of the frequency (every one, two or three years) of advisory votes to approve the compensation of our Named Executive Officers.                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |        1450202 |                0 | One Year    |                                  1450202 | FOR                         |  |
| GitLab Inc.                        | 37637K108 | 06/20/2025     | Approve, on a non-binding advisory basis, the compensation paid by GitLab Inc. to its named executive officers.                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |         126075 |                0 | For         |                                   126075 | FOR                         |  |
| HEICO Corporation                  | 422806109 | 03/14/2025     | ADVISORY APPROVAL OF THE COMPANY'S EXECUTIVE COMPENSATION                                                                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |             52 |                0 | For         |                                       52 | FOR                         |  |
| IDEXX Laboratories, Inc.           | 45168D104 | 05/07/2025     | Advisory Vote on Executive Compensation. To approve a nonbinding advisory resolution on the Company's executive compensation (Proposal Three).                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |             54 |                0 | For         |                                       54 | FOR                         |  |
| Intercontinental Exchange, Inc.    | 45866F104 | 05/16/2025     | To approve, by non-binding vote, the advisory resolution on executive compensation for named executive officers.                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |        1988603 |                0 | For         |                                  1988603 | FOR                         |  |
| iRhythm Technologies, Inc.         | 450056106 | 05/28/2025     | To approve, on a non-binding advisory basis, the named executive officer compensation.                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |        1781526 |                0 | For         |                                  1781526 | FOR                         |  |
| Linde Plc                          | G54950103 | 07/30/2024     | To approve, on an advisory and non-binding basis, the compensation of Line plc's Named Executive Officers, as disclosed in the 2025 Proxy statement.                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |             97 |                0 | For         |                                       97 | FOR                         |  |
| Meta Platforms, Inc.               | 30303M102 | 05/28/2025     | To approve, on a non-binding advisory basis, the compensation program for Meta Platforms, Inc's named executive officers as disclosed in Meta Platforms, Inc.'s proxy statement.                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |        1072865 |                0 | For         |                                  1072865 | FOR                         |  |
| Meta Platforms, Inc.               | 30303M102 | 05/28/2025     | To vote, on a non-binding advisory basis, whether a non-binding advisory vote on the compensation program for Meta Platforms, Inc.'s named executive officers should be held every one, two or three years.                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |        1072865 |                0 | One Year    |                                  1072865 | AGAINST                     |  |
| Mettler-Toledo International Inc.  | 592688105 | 05/01/2025     | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION                                                                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |             12 |                0 | For         |                                       12 | FOR                         |  |
| Microsoft Corporation              | 594918104 | 12/10/2024     | Advisory Vote to Approve Named Executive Officer Compensation ("say-on-pay vote")                                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |        2303301 |                0 | For         |                                  2303301 | FOR                         |  |
| Netflix, Inc.                      | 64110L106 | 06/05/2025     | Advisory approval of named executive officer compensation.                                                                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |        1008759 |                0 | For         |                                  1008759 | FOR                         |  |
| NIKE, Inc.                         | 654106103 | 09/10/2024     | To approve executive compensation by an advisory vote.                                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |        2789969 |                0 | Against     |                                  2789969 | AGAINST                     |  |
| NVIDIA Corporation                 | 67066G104 | 06/25/2025     | Advisory approval of our executive compensation.                                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |       14351004 |                0 | For         |                                 14351004 | FOR                         |  |
| Okta, Inc.                         | 679295105 | 06/24/2025     | To approve, on an advisory non-binding basis, the compensation of our named executive officers.                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |         328405 |                0 | For         |                                   328405 | FOR                         |  |
| Okta, Inc.                         | 679295105 | 06/24/2025     | To approve, on an advisory non-binding basis, the frequency of future advisory non-binding votes to approve the compensation of our named executive officers.                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |         328405 |                0 | One Year    |                                   328405 | FOR                         |  |
| Repligen Corporation               | 759916109 | 05/15/2025     | Advisory vote to approve the compensation paid to Repligen Corporation's named executive officers.                                                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |         819130 |                0 | For         |                                   819130 | FOR                         |  |
| Roblox Corporation                 | 771049103 | 05/29/2025     | Advisory Vote on the Compensation of our Named Executive Officers.                                                                                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |        2842050 |                0 | For         |                                  2842050 | FOR                         |  |
| Roper Technologies, Inc.           | 776696106 | 06/10/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |         273117 |                0 | For         |                                   273117 | FOR                         |  |
| ServiceNow, Inc.                   | 81762P102 | 05/22/2025     | Advisory vote to approve ServiceNow's named executive officer compensation.                                                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |        1027424 |                0 | For         |                                  1027424 | FOR                         |  |
| SiteOne Landscape Supply, Inc.     | 82982L103 | 05/14/2025     | Advisory vote to approve executive compensation.                                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |         413047 |                0 | For         |                                   413047 | FOR                         |  |
| STERIS plc                         | G8473T100 | 08/01/2024     | To approve, on a non-binding advisory basis, the compensation of the Company's named executive officers as disclosed pursuant to the disclosure rules of the U.S. Securities and Exchange Commission including the compensation discussion and analysis and the tabular and narrative disclosure contained in the Company's proxy statement dated June 12, 2025. | SECTION 14A SAY-ON-PAY VOTES |         402432 |                0 | For         |                                   402432 | FOR                         |  |
| Tetra Tech, Inc.                   | 88162G103 | 02/27/2025     | To approve, on an advisory basis, the Company's named executive officers' compensation.                                                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |        2876094 |                0 | For         |                                  2876094 | FOR                         |  |
| Texas Instruments Incorporated     | 882508104 | 04/17/2025     | Board proposal regarding advisory approval of the Company's executive compensation.                                                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |         390571 |                0 | For         |                                   390571 | FOR                         |  |
| Tractor Supply Company             | 892356106 | 05/15/2025     | To approve, on a non-binding, advisory basis, the compensation of the named executive officers of the Company (Say on Pay); and                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |            282 |                0 | For         |                                      282 | FOR                         |  |
| TransDigm Group Incorporated       | 893641100 | 03/06/2025     | Approval, on an advisory basis, of the compensation of our named executive officers.                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |          86405 |                0 | For         |                                    86405 | FOR                         |  |
| Tyler Technologies, Inc.           | 902252105 | 05/06/2025     | Advisory Approval of Our Executive Compensation.                                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |             56 |                0 | For         |                                       56 | FOR                         |  |
| Uber Technologies, Inc.            | 90353T100 | 05/05/2025     | Advisory vote to approve 2024 named executive officer compensation.                                                                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |        2679043 |                0 | For         |                                  2679043 | FOR                         |  |
| Ultragenyx Pharmaceutical Inc.     | 90400D108 | 05/15/2025     | Advisory (non-binding) vote to approve the compensation of our named executive officers.                                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |        2854891 |                0 | For         |                                  2854891 | FOR                         |  |
| UnitedHealth Group Incorporated    | 91324P102 | 06/02/2025     | Advisory approval of the Company's executive compensation.                                                                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |         174731 |                0 | Against     |                                   174731 | AGAINST                     |  |
| Venture Global, Inc.               | 92333F101 | 05/21/2025     | Advisory vote on executive compensation.                                                                                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |        3582452 |                0 | For         |                                  3582452 | FOR                         |  |
| Venture Global, Inc.               | 92333F101 | 05/21/2025     | Advisory vote on "say-on-pay" frequency.                                                                                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |        3582452 |                0 | One Year    |                                  3582452 | AGAINST                     |  |
| Verisk Analytics, Inc.             | 92345Y106 | 05/20/2025     | To approve executive compensation on an advisory, non-binding basis.                                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |            108 |                0 | For         |                                      108 | FOR                         |  |
| Visa Inc.                          | 92826C839 | 01/28/2025     | To approve, on an advisory basis, the compensation paid to our named executive officers.                                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |        3272453 |                0 | For         |                                  3272453 | FOR                         |  |
| West Pharmaceutical Services, Inc. | 955306105 | 05/06/2025     | Advisory vote to approve named executive officer compensation;                                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |             67 |                0 | For         |                                       67 | FOR                         |  |
| Coupang, Inc.                      | 22266T109 | 06/12/2025     | To consider a non-binding vote to approve the compensation of Coupang, Inc.'s named executive officers.                                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |       10657410 |                0 | For         |                                 10657410 | FOR                         |  |
| Datadog, Inc.                      | 23804L103 | 06/03/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |        2167105 |                0 | For         |                                  2167105 | FOR                         |  |
| DoorDash, Inc.                     | 25809K105 | 06/24/2025     | The approval, on an advisory basis, of the compensation of our named executive officers.                                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |        3577744 |                0 | For         |                                  3577744 | FOR                         |  |
| EPAM Systems, Inc.                 | 29414B104 | 05/22/2025     | To approve, on an advisory and non-binding basis, the compensation for our named executive officers as disclosed in the Proxy Statement.                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |            556 |                0 | For         |                                      556 | FOR                         |  |
| Klaviyo, Inc.                      | 49845K101 | 06/10/2025     | To approve, on a non-binding advisory basis, the compensation of Klaviyo's named executive officers.                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |        3703634 |                0 | For         |                                  3703634 | FOR                         |  |
| Klaviyo, Inc.                      | 49845K101 | 06/10/2025     | To approve, on a non-binding advisory basis, the frequency of future stockholder advisory votes on the compensation of Klaviyo's named executive officers.                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |        3703634 |                0 | One Year    |                                  3703634 | FOR                         |  |
| Lam Research Corporation           | 512807306 | 11/05/2024     | Advisory vote to approve the compensation of the named executive officers of Lam Research, or "Say on Pay."                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |         576950 |                0 | For         |                                   576950 | FOR                         |  |
| MercadoLibre, Inc.                 | 58733R102 | 06/17/2025     | To approve, on an advisory basis, the compensation of our named executive officers for fiscal year 2024.                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |         407530 |                0 | For         |                                   407530 | FOR                         |  |
| Samsara Inc.                       | 79589L106 | 07/10/2024     | The approval, on a non-binding advisory basis, of the compensation of Samsara Inc.'s named executive officers.                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |        5348632 |                0 | For         |                                  5348632 | FOR                         |  |
| Snowflake Inc.                     | 833445109 | 07/02/2024     | To approve, on a non-binding advisory basis, the compensation of our named executive officers.                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |        3546976 |                0 | For         |                                  3546976 | FOR                         |  |
| Toast, Inc.                        | 888787108 | 06/13/2025     | To approve, on an advisory (non-binding) basis, the compensation of our named executive officers.                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |         210611 |                0 | For         |                                   210611 | FOR                         |  |
| UiPath, Inc.                       | 90364P105 | 06/26/2025     | To approve, on a non-binding, advisory basis, the compensation paid to our named executive officers ("say-on-pay vote").                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |         273665 |                0 | For         |                                   273665 | FOR                         |  |
| Waste Connections, Inc.            | 94106B101 | 05/16/2025     | Say-on-Pay - Approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers as disclosed in the Company's Proxy Statement.                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |         806476 |                0 | For         |                                   806476 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** SANDS CAPITAL MANAGEMENT, LLC

**By (Signature):** Alexandra Fulk

**By (Printed Signature):** Alexandra Fulk

**By (Title):** Chief Compliance Officer, Senior Counsel

**Date:** 08/22/2025