Summary by Moomoo AI
On December 31, 2023, a series of filings with the Securities and Exchange Commission (SEC) indicated that multiple entities, primarily associated with Insight Partners, have collectively ceased to be the beneficial owners of more than five percent of monday.com Ltd.'s ordinary shares. The entities involved include various partnerships and limited liability companies organized under the laws of the Cayman Islands and Delaware, such as Grace Software Cross Fund Holdings, L.P., Insight Associates XI, L.P., and Insight Holdings Group, LLC, among others. The filings, known as Schedule 13G amendments, are required by the SEC when there are changes in ownership stakes that cross certain thresholds. The entities reported shared voting and dispositive power over a range of shares, with Insight Holdings Group, LLC reporting the largest amount at 1,617,264 shares, representing 3.3% of the class. The filings were signed by Andrew Prodromos, acting as Attorney-in-Fact and Authorized Officer for the reporting entities.