UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

 

SCHEDULE 13G/A

 

Under the Securities Exchange Act of 1934

(Amendment No. 1)*



SailPoint Technologies Holdings Inc.

(Name of Issuer)

 

Common stock, par value $0.0001 per share

(Title of Class of Securities)

 

78781P105

(CUSIP Number)

 

 

December 31, 2020
(Date of Event Which Requires Filing of this Statement)

 

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

 

x Rule 13d-1(b)

o Rule 13d-1(c)

o Rule 13d-1(d)

 

 

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in 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).

 
 

CUSIP No.  78781P105
 SCHEDULE 13G/A
Page 2 of 6 Pages

 

         
1
NAME OF REPORTING PERSONS
 
SoMa Equity Partners, LP
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o
(b) o
 
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
5
SOLE VOTING POWER
 
5,300,000
6
SHARED VOTING POWER
 
0
7
SOLE DISPOSITIVE POWER
 
5,300,000
8
SHARED DISPOSITIVE POWER
 
0
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
5,300,000
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
 
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
5.8%
12
TYPE OF REPORTING PERSON
 
IA

 
 

 

CUSIP No. 78781P105
 SCHEDULE 13G/A
Page 3 of 6 Pages

 

Item 1. (a) Name of Issuer

SailPoint Technologies Holdings Inc.

Item 1. (b) Address of Issuer’s Principal Executive Offices

11120 Four Points Drive, Ste. 100, Austin, TX 78726.

Item 2. (a) Name of Person Filing:

SoMa Equity Partners, LP (the “Reporting Person”).

 

Item 2. (b) Address of Principal Business Office:

44 Montgomery Street, Ste. 3710, San Francisco, CA 94104.

 

Item 2. (c) Citizenship:

The Reporting Person is a Delaware limited partnership.

  

Item 2. (d) Title of Class of Securities

Common stock, par value $0.0001 per share (the “Title of Class”)

 

Item 2. (e) CUSIP No.:

78781P105

 

CUSIP No.  78781P105
 SCHEDULE 13G/A
Page 4 of 6 Pages

 

 

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) x 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);
 
  (k) ¨ A group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:                            
       

 

CUSIP No. 78781P105
 SCHEDULE 13G/A
Page 5 of 6 Pages

 

 

Item 4. Ownership

(a) Amount Beneficially Owned:

As of the date hereof, the Reporting Person may be deemed to be the beneficial owner of 5,300,000 Shares.

(b) Percent of Class:

As of the date hereof, the Reporting Person may be deemed to be the beneficial owner of 5.8% of the total number of Shares outstanding (based on information provided by the Issuer on the Form 10-Q filed November 5, 2020, there were 90,912,459 Shares outstanding as of October 30, 2020).

 

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