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NAMES OF REPORTING PERSONS

  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

  Maverick Capital, Ltd. 75-2482446

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ☐ (b) ☐

SEC USE ONLY

CITIZENSHIP OR PLACE OF ORGANIZATION

Texas

Accession Number:: 0001193125-21-044460
Form Type:: 13G Filing
Publication Date:: 2021-02-16 14:20:59

Filed By:: Maverick Capital
Company:: Castlight Health Inc. (NYSE:CSLT)
Filing Date:: 2021-02-16
SEC Url:: 13G Filing

Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name	Sole Voting Power	Sole Dispositive Power	Aggregate Amount Owned Power	Percent of Class
Maverick Capital, Ltd. 150 75	9,077,506	9,077,506	9,077,506	7.2%
Maverick Capital Management	9,077,506	9,077,506	9,077,506	7.2%
Lee S. Ainslie III	9,077,506	9,077,506	9,077,506	7.2%
Andrew H. Warford	9,077,506	9,077,506	9,077,506	7.2%

Filing

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE 13G/A

Under the Securities Exchange Act of 1934

(Amendment No. 8)*

CASTLIGHT HEALTH, INC.

(Name of Issuer)

Class B Common Stock, $0.0001 par value per share

(Title of Class of Securities)

14862Q100

(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:

☒ Rule 13d-1(b)

☐ Rule 13d-1(c)

☐ Rule 13d-1(d)

*	The remainder of this cover page shall be filled out for a reporting persons 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. 14862Q100

(1)

Includes 7,216,028 shares of Class A Common Stock held by certain funds managed by Maverick Capital, Ltd. that are convertible at any time into shares of Class B Common Stock as well as options exercisable for 25,000 shares of Class B common stock, 244,154 shares of Class B Common Stock and 45,161 shares of Class B common stock issuable upon the settlement of restricted stock units, held as of December 31, 2020 by Mr. David Singer on behalf of Maverick Capital, Ltd.


CUSIP No. 14862Q100

(1)

(1)


CUSIP No. 14862Q100

(1)

Item 1(a).

Name of Issuer:

Castlight Health, Inc.

Item 1(b).

Address of Issuers Principal Executive Offices:

150 Spear Street, Suite 400

San Francisco, CA 94105

Item 2(a).

Names of Persons Filing:

This Schedule 13G (the Schedule 13G) is being filed on behalf of each of the following persons (each, a Reporting Person):

(i)

Maverick Capital, Ltd.;

(ii)

Maverick Capital Management, LLC;

(iii)

Lee S. Ainslie III (Mr. Ainslie); and

(iv)

Andrew H. Warford (Mr. Warford).

The Schedule 13G relates to Shares (as defined herein) held for the accounts of Maverick Capital, Ltd.s clients.

Item 2(b).

Address of Principal Business Office or, if None, Residence:

The address of the principal business office of each of the Reporting Persons is:

The address of the principal business office of (i) Maverick Capital, Ltd. and Maverick Capital Management, LLC is 1900 N. Pearl Street, 20th Floor, Dallas, Texas 75201, and (ii) Mr. Ainslie and Mr. Warford is 767 Fifth Avenue, 11th Floor, New York, New York 10153.

Item 2(c).

Citizenship:

(i)

Maverick Capital, Ltd. is a Texas limited partnership;

(ii)

Maverick Capital Management, LLC is a Texas limited liability company;

(iii)

Mr. Ainslie is a citizen of the United States; and

(iv)

Mr. Warford is a citizen of the United States.

Item 2(d).

Title of Class of Securities:

Class B Common Stock, $0.0001 par value per share (the Shares).

Item 2(e).

CUSIP Number:

14862Q100

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)	☒	An investment advisor 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 association 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)	☐	Group, in accordance with § 240.13d-1(b)(1)(ii)(K).

Item 4.

Ownership.

Ownership as of December 31, 2020 is incorporated by reference to items (5) (9) and (11) of the cover page of the Reporting Person.

Maverick Capital, Ltd. is an investment adviser registered under Section 203 of the Investment Advisers Act of 1940 and, as such, may be deemed to have beneficial ownership of the Shares which are the subject of this filing through the investment discretion it exercises over its clients accounts. Maverick Capital Management, LLC is the General Partner of Maverick Capital, Ltd. Mr. Ainslie is the manager of Maverick Capital Management, LLC. Mr. Warford serves as the Chairman of the Stock Committee of Maverick Capital, Ltd.

Item 5.

Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☐.

Item 6.

Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

Item 7.

Identification and Classification of the SubsidiaryWhich Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

Not applicable.

Item 8.

Identification and Classification of Members of the Group.

Not applicable.

Item 9.

Notice of Dissolution of Group.

Not applicable.

Item 10.

Certification.

By signing below each of the Reporting Persons certifies that, to the best of such persons knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

SIGNATURE

After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Date: February 16, 2021


MAVERICK CAPITAL, LTD.

By:		Maverick Capital Management, LLC, its General Partner

By:		Lee S. Ainslie III, Manager

By:		/s/ Mark Gurevich
		Mark Gurevich Under Power of Attorney dated March 15, 2018

MAVERICK CAPITAL MANAGEMENT, LLC

By:		Lee S. Ainslie III, Manager

By:		/s/ Mark Gurevich
		Mark Gurevich
		Under Power of Attorney dated March 15, 2018

LEE S. AINSLE III

By:		/s/ Mark Gurevich
		Mark Gurevich
		Under Power of Attorney dated March 15, 2018

ANDREW H. WARFORD

By:		/s/ Mark Gurevich
		Mark Gurevich
		Under Power of Attorney dated March 16, 2018

EXHIBIT INDEX

Joint Filing Agreement, dated February 14, 2019, by and among Maverick Capital, Ltd., Maverick Capital Management, LLC, Lee S. Ainslie III and Andrew H. Warford (incorporated by reference to Exhibit 99.A to Schedule 13G, Amendment No. 6 filed by the Reporting Persons with the Securities and Exchange Commission on February 14, 2019).