If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. Checkbox not checked

The information required on 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).






SCHEDULE 13D




Comment for Type of Reporting Person:
Row 13. Calculated assuming 129,645,461 shares of Class A Common Stock ("Class A Shares") outstanding, based upon 106,740,328 Class A Shares outstanding as of February 18, 2025 as reported on the Issuer's Annual Report on Form 10-K filed on February 27, 2025 (the "10-K"), as increased by 22,905,133 shares of Class B Common Stock, which are convertible into Class A Shares on a one-to-one basis ("Class B Shares"), held by the Reporting Persons following the March 2025 Spectrum Repurchase, as defined below.


SCHEDULE 13D




Comment for Type of Reporting Person:
Row 13. Calculated assuming 129,645,461 Class A Shares outstanding, based upon 106,740,328 Class A Shares outstanding as of February 18, 2025 as reported on the 10-K, as increased by 22,905,133 Class B Shares held by the Reporting Persons following the March 2025 Spectrum Repurchase, as defined below.


SCHEDULE 13D




Comment for Type of Reporting Person:
Row 13. Calculated assuming 129,645,461 Class A Shares outstanding, based upon 106,740,328 Class A Shares outstanding as of February 18, 2025 as reported on the 10-K, as increased by 22,905,133 Class B Shares held by the Reporting Persons following the March 2025 Spectrum Repurchase, as defined below.


SCHEDULE 13D




Comment for Type of Reporting Person:
Row 13. Calculated assuming 129,645,461 Class A Shares outstanding, based upon 106,740,328 Class A Shares outstanding as of February 18, 2025 as reported on the 10-K, as increased by 22,905,133 Class B Shares held by the Reporting Persons following the March 2025 Spectrum Repurchase, as defined below.


SCHEDULE 13D




Comment for Type of Reporting Person:
Row 13. Calculated assuming 129,645,461 Class A Shares outstanding, based upon 106,740,328 Class A Shares outstanding as of February 18, 2025 as reported on the 10-K, as increased by 22,905,133 Class B Shares held by the Reporting Persons following the March 2025 Spectrum Repurchase, as defined below.


SCHEDULE 13D


 
Spectrum Equity VII, L.P.
 
Signature:/s/ Carolina A. Picazo
Name/Title:Carolina A. Picazo, Chief Administrative Officer & Chief Compliance Officer of SEA VII Management, LLC (1)
Date:03/18/2025
 
Spectrum Equity Associates VII, L.P.
 
Signature:/s/ Carolina A. Picazo
Name/Title:Carolina A. Picazo, Chief Administrative Officer & Chief Compliance Officer of SEA VII Management (2)
Date:03/18/2025
 
Spectrum VII Investment Managers' Fund, L.P.
 
Signature:/s/ Carolina A. Picazo
Name/Title:Carolina A. Picazo, Chief Administrative Officer & Chief Compliance Officer of SEA VII Management, LLC (3)
Date:03/18/2025
 
Spectrum VII Co-Investment Fund, L.P.
 
Signature:/s/ Carolina A. Picazo
Name/Title:Carolina A. Picazo, Chief Administrative Officer & Chief Compliance Officer of SEA VII Management, LLC (4)
Date:03/18/2025
 
SEA VII Management, LLC
 
Signature:/s/ Carolina A. Picazo
Name/Title:Carolina A. Picazo, Chief Administrative Officer & Chief Compliance Officer
Date:03/18/2025
Comments accompanying signature:
(1) as the general partner of Spectrum Equity Associates VII, L.P., as general partner of Spectrum Equity VII, L.P.; (2) as the general partner of Spectrum Equity Associates VII, L.P.; (3) as general partner of Spectrum VII Investment Managers' Fund, L.P.; (4) as general partner of Spectrum VII Co-Investment Fund, L.P.