Summary by Moomoo AI
Insight Partners and affiliated entities have reduced their stake in SentinelOne to below 5%, according to a Schedule 13D/A filing on December 12, 2024. The group sold over 1.2 million shares in open market transactions between November 11-13 at average prices of $28.05-$28.15 per share.On December 10, the investors converted 11.4 million Class B shares to Class A shares and distributed 11.5 million Class A shares to partners. Following these transactions, Insight Partners now beneficially owns approximately 3.6% of SentinelOne's Class A common stock.The filing represents Insight Partners' exit from its position as a major shareholder in SentinelOne. Key individuals Jeffrey Horing, Deven Parekh, Jeff Lieberman and Michael Triplett retain personal stakes ranging from 297,000 to 532,000 shares each.
