Washington, D.C. 20549
(Amendment No. __)*
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
* 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 disclosures provided in a prior cover page.
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).
CUSIP No. G6683N 103
1 |
NAME OF REPORTING PERSON
David Vélez Osorno |
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) ☒
(b) ☐ |
3 |
SEC USE ONLY
|
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Colombia |
NUMBER OF
SHARES BENEFICIALLY OWNED
BY EACH REPORTING PERSON
WITH |
5 |
SOLE VOTING POWER
— |
6 |
SHARED VOTING POWER
992,000,922(1) |
7 |
SOLE DISPOSITIVE POWER
— |
8 |
SHARED DISPOSITIVE POWER
992,000,922(1) |
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
992,000,922(1) |
10 |
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |
☐
|
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
22.3%(2)(3) |
12 |
TYPE OF REPORTING PERSON
IN |
(1) |
Consists of (i) 1,500,000 shares held of record by Mariel Lorena Reyes Milk (“Ms. Reyes Milk”), the wife of David Vélez Osorno (the “Reporting Person”); and (ii) 990,500,922 Class B ordinary shares held of record by Rua California Ltd. (“Rua California”), a company controlled by the Reporting Person and Ms. Reyes Milk, who hold 100% of the shares in Rua California. Each Class B ordinary share is convertible into one Class A ordinary share at the option of its holder at any time. |
(2) |
Represents the quotient obtained by dividing (a) the number of Class B ordinary shares beneficially owned by the Reporting Person as set forth in Row 9 by (b) the sum of (i) 3,458,439,345 Class A ordinary shares outstanding as of December 31, 2021, as reported by the Issuer to the Reporting Person, and (ii) the aggregate number of Class B ordinary shares beneficially owned by the Reporting Person. The aggregate number of Class B ordinary shares beneficially owned by the Reporting Person as set forth in clauses “(a)” and “(b)” of this footnote are treated as converted into Class A ordinary shares only for the purpose of computing the percentage ownership of the Reporting Person. |
(3) |
Each Class A ordinary share is entitled to one vote, and each Class B ordinary share is entitled to 20 votes. The percentage reported does not reflect the 20 for one voting power of the Class B ordinary shares because the Class B ordinary shares are treated as converted into Class A ordinary shares for the purpose of this report. |
CUSIP No. G6683N 103
1 |
NAME OF REPORTING PERSON
Mariel Lorena Reyes Milk |
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) ☒
(b) ☐ |
3 |
SEC USE ONLY
|
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Colombia |
NUMBER OF
SHARES BENEFICIALLY OWNED
BY EACH REPORTING PERSON
WITH |
5 |
SOLE VOTING POWER
— |
6 |
SHARED VOTING POWER
992,000,922(1) |
7 |
SOLE DISPOSITIVE POWER
— |
8 |
SHARED DISPOSITIVE POWER
992,000,922(1) |
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
992,000,922(1) |
10 |
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |
☐
|
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
22.3%(2)(3) |
12 |
TYPE OF REPORTING PERSON
IN |
(1) |
Consists of (i) 1,500,000 shares held of record by Mariel Lorena Reyes Milk (the “Reporting Person”), the wife of David Vélez Osorno (“Mr. Vélez”); and (ii) 990,500,922 Class B ordinary shares held of record by Rua California Ltd. (“Rua California”), a company controlled by the Reporting Person and Mr. Vélez, who hold 100% of the shares in Rua California. Each Class B ordinary share is convertible into one Class A ordinary share at the option of its holder at any time. |
(2) |
Represents the quotient obtained by dividing (a) the number of Class B ordinary shares beneficially owned by the Reporting Person as set forth in Row 9 by (b) the sum of (i) 3,458,439,345 Class A ordinary shares outstanding as of December 31, 2021, as reported by the Issuer to the Reporting Person, and (ii) the aggregate number of Class B ordinary shares beneficially owned by the Reporting Person. The aggregate number of Class B ordinary shares beneficially owned by the Reporting Person as set forth in clauses “(a)” and “(b)” of this footnote are treated as converted into Class A ordinary shares only for the purpose of computing the percentage ownership of the Reporting Person. |
(3) |
Each Class A ordinary share is entitled to one vote, and each Class B ordinary share is entitled to 20 votes. The percentage reported does not reflect the 20 for one voting power of the Class B ordinary shares because the Class B ordinary shares are treated as converted into Class A ordinary shares for the purpose of this report. |
CUSIP No. G6683N 103
1 |
NAME OF REPORTING PERSON
Rua California Ltd. |
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) ☒
(b) ☐ |
3 |
SEC USE ONLY
|
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Uruguay |
NUMBER OF
SHARES BENEFICIALLY OWNED
BY EACH REPORTING PERSON
WITH |
5 |
SOLE VOTING POWER
— |
6 |
SHARED VOTING POWER
990,500,922(1) |
7 |
SOLE DISPOSITIVE POWER
|
8 |
SHARED DISPOSITIVE POWER
990,500,922(1) |
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
990,500,922(1) |
10 |
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |
☐
|
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
22.3%(2)(3) |
12 |
TYPE OF REPORTING PERSON
CO |
(1) |
Consists of 990,500,922 Class B ordinary shares held of record by Rua California Ltd. (the “Reporting Person”), a company controlled by David Vélez Osorno and Mariel Lorena Reyes Milk, who hold 100% of the shares in the Reporting Person. Each Class B ordinary share is convertible into one Class A ordinary share at the option of its holder at any time. |
(2) |
Represents the quotient obtained by dividing (a) the number of Class B ordinary shares beneficially owned by the Reporting Person as set forth in Row 9 by (b) the sum of (i) 3,458,439,345 Class A ordinary shares outstanding as of December 31, 2021, as reported by the Issuer to the Reporting Person, and (ii) the aggregate number of Class B ordinary shares beneficially owned by the Reporting Person. The aggregate number of Class B ordinary shares beneficially owned by the Reporting Person as set forth in clauses “(a)” and “(b)” of this footnote are treated as converted into Class A ordinary shares only for the purpose of computing the percentage ownership of the Reporting Person. |
(3) |
Each Class A ordinary share is entitled to one vote, and each Class B ordinary share is entitled to 20 votes. The percentage reported does not reflect the 20 for one voting power of the Class B ordinary shares because the Class B ordinary shares are treated as converted into Class A ordinary shares for the purpose of this report. |
| ITEM 1. | (a) Name of Issuer: Nu Holdings Ltd. (the “Issuer”) |
| (b) | Address of Issuer’s Principal Executive Offices: |
Floor 4, Willow House, Cricket Square, Grand
Cayman, KY1-9010, Cayman Islands
| ITEM 2. | (a) Name of Person Filing: |
This Schedule 13G is being filed by (i)
David Vélez Osorno; (ii) Mariel Lorena Reyes Milk; and (iii) Rua California Ltd. (each a “Reporting Person”
and collectively, the “Reporting Persons”). Each of the Reporting Persons is a shareholder of the Issuer. Each of the
Reporting Persons, however, disclaims beneficial ownership with respect to any shares of stock owned by the other Reporting Persons.
The
Reporting Persons have entered into a Joint Filing Agreement, a copy of which is filed with this Schedule 13G as Exhibit A, pursuant to
which the Reporting Persons have agreed to file this Schedule 13G jointly in accordance with the provisions of Rule 13d-1(k) of the Act.
| (b) | Address of Principal Business Office, or if None, Residence: |
The principal office and business address
of David Vélez Osorno is Floor 4, Willow House, Cricket Square, Grand Cayman, KY1-9010, Cayman Islands.
The principal office and business address
of Mariel Lorena Reyes Milk is Floor 4, Willow House, Cricket Square, Grand Cayman, KY1-9010, Cayman Islands.
The principal office and business address
of Rua California Ltd. is Gral Santander 1873, Montevideo, Uruguay.
| (c) | Citizenship or Place of Organization: |
See row 4 of the cover pages to this Schedule 13G.
| (d) | Title of Class of Securities: |
This Schedule 13G relates to the Issuer’s Class A ordinary
shares, par value $0.000006666666667 per share.
G6683N 103
| ITEM 3. | IF THIS STATEMENT IS FILED PURSUANT TO SS.240.13D-1(B) OR 240.13D-2(B)
OR (C), CHECK WHETHER THE PERSON FILING IS A: |
Not Applicable.
All ownership percentages assume that there are 3,458,439,345
Class A ordinary shares outstanding.
The information set forth in Item 2 above is incorporated
by reference for each Reporting Person.
(a) Amount beneficially
owned:
See row 9 of the cover sheet of each Reporting Person.
(b) Percent of
class:
See row 11 of the cover sheet of each Reporting Person.
(c) Number of
shares as to which the person has:
(i) Sole power
to vote or to direct the vote:
See row 5 of the cover sheet of each Reporting Person.
(ii) Shared power
to vote or to direct the vote:
See row 6 of the cover sheet of each Reporting Person.
(iii) Sole power
to dispose or to direct the disposition of:
See row 7 of the cover sheet of each Reporting Person.
(iv) Shared power
to dispose or to direct the disposition of:
See row 8 of the cover sheet of each Reporting Person.
| ITEM 5. | OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. |
Not Applicable.
| ITEM 6. | OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. |
Not Applicable.
| ITEM 7. | IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. |
Not Applicable.
| ITEM 8. | IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. |
The information set forth in Item 2 above is incorporated
herein by reference.
| ITEM 9. | NOTICE OF DISSOLUTION OF GROUP. |
Not Applicable.
Not Applicable.
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.
Dated: March 2, 2022
|
By: |
/s/ David Vélez Osorno |
|
Name: David Vélez Osorno |
|
|
|
|
|
|
|
|
|
|
|
|
|
By: |
/s/ Mariel Lorena Reyes Milk |
|
Name: Mariel Lorena Reyes Milk |
|
|
|
|
|
|
|
|
|
|
Rua California Ltd. |
|
|
|
|
|
|
|
|
|
|
By: |
/s/ David Vélez Osorno |
|
Name: David Vélez Osorno |
|
Title: Director |
Exhibit A
SCHEDULE 13G
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) under the Securities
Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a statement on Schedule 13G (including
amendments thereto) with respect to the Class A ordinary shares of Nu Holdings Ltd. and further agree that this Joint Filing Agreement
shall be included as an exhibit to such joint filings.
The undersigned further agree that each party
hereto is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of
the information concerning such party contained therein; provided, however, that no party is responsible for the completeness or accuracy
of the information concerning any other party making the filing, unless such party knows or has reason to believe that such information
is inaccurate.
IN WITNESS WHEREOF, the parties have executed
this Joint Filing Agreement on March 2, 2022.
|
By: |
/s/ David Vélez Osorno |
|
Name: David Vélez Osorno |
|
|
|
|
|
|
|
|
|
|
|
|
|
By: |
/s/ Mariel Lorena Reyes Milk |
|
Name: Mariel Lorena Reyes Milk |
|
|
|
|
|
|
|
|
|
|
Rua California Ltd. |
|
|
|
|
|
|
|
|
|
|
By: |
/s/ David Vélez Osorno |
|
Name: David Vélez Osorno |
|
Title: Director |