Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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- Peter Lynch
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13G
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UNDER THE SECURITIES EXCHANGE ACT OF 1934
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(Amendment No. 3)*
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Cricut, Inc. (Name of Issuer) |
Class A Common Stock, $0.001 par value (Title of Class of Securities) |
22658D100 (CUSIP Number) |
06/30/2025 (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)
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| Rule 13d-1(c)
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 Rule 13d-1(d)
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SCHEDULE 13G
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| CUSIP No. | 22658D100 |
| 1 | Names of Reporting Persons
Ashish Arora | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
UNITED STATES
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
29,461,344.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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| 11 | Percent of class represented by amount in row (9)
35.57 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IN |
Comment for Type of Reporting Person: The shares set forth in Rows 5 and 7 consist of (a) 619,739 shares of Class A common stock held of record by Mr. Arora; (b) 24,003,027 shares of Class B common stock held of record by Mr. Arora; and (c) 2,218,889 shares of Class A common stock subject to stock option awards held by Mr. Arora exercisable within 60 days of June 30, 2025. The shares set forth in Rows 6 and 8 consist of (a) 456,839 shares of Class B common stock held of record by Mr. Arora's spouse; (b) 1,532,556 shares of Class B common stock held of record by the Rushil Arora Trust dated January 20, 2021, for which Mr. Arora and his spouse serve as trustees; and (c) 630,294 shares of Class B common stock held of record by the Arora Trust, for which Mr. Arora and his spouse serve as trustees. The shares set forth in Row 9 consist of (a) 619,739 shares of Class A common stock held of record by Mr. Arora; (b) 24,003,027 shares of Class B common stock held of record by Mr. Arora; (c) 2,218,889 shares of Class A common stock subject to stock option awards held by Mr. Arora exercisable within 60 days of June 30, 2025; (d) 456,839 shares of Class B common stock held of record by Mr. Arora's spouse; (e) 1,532,556 shares of Class B common stock held of record by the Rushil Arora Trust dated January 20, 2021, for which Mr. Arora and his spouse serve as trustees; and (f) 630,294 shares of Class B common stock held of record by the Arora Trust, for which Mr. Arora and his spouse serve as trustees. The percentage set forth in Row 11 is calculated based on 82,818,086 shares of Class A common stock of the Issuer, which includes (a) 53,976,481 shares of Class A common stock outstanding as of June 30, 2025, (b) 26,622,716 shares of convertible Class B common stock beneficially owned by Mr. Arora, and (c) 2,218,889 shares of Class A common stock subject to stock option awards held by Mr. Arora exercisable within 60 days of June 30, 2025, and assumes that only shares of convertible Class B common stock beneficially owned by Mr. Arora convert to Class A common stock. Assuming the conversion of all Class B common stock into Class A common stock, the percentage in row 11 would equal 13.72%.
SCHEDULE 13G
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| Item 1. | ||
| (a) | Name of issuer:
Cricut, Inc. | |
| (b) | Address of issuer's principal executive offices:
10855 South River Front Parkway South Jordan, UT 84095 | |
| Item 2. | ||
| (a) | Name of person filing:
Ashish Arora | |
| (b) | Address or principal business office or, if none, residence:
c/o Cricut, Inc. 10855 South River Front Parkway South Jordan, UT 84095 | |
| (c) | Citizenship:
Reference is made to the response to Row 4 of this Schedule 13G/A (this "Schedule"), which responses are incorporated herein by reference. | |
| (d) | Title of class of securities:
Class A Common Stock, $0.001 par value | |
| (e) | CUSIP No.:
22658D100 | |
| 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);
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| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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| (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);
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| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution: | |
| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
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| Item 4. | Ownership | |
| (a) | Amount beneficially owned:
Reference is made to the response to Row 9 on page 2 of this Schedule, which response is incorporated herein by reference. | |
| (b) | Percent of class:
Reference is made to the response to Row 11 on page 2 of this Schedule, which response is incorporated herein by reference. %
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| (c) | Number of shares as to which the person has:
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| (i) Sole power to vote or to direct the vote:
Reference is made to the response to Row 5 on page 2 of this Schedule, which response is incorporated herein by reference. | ||
| (ii) Shared power to vote or to direct the vote:
Reference is made to the response to Row 6 on page 2 of this Schedule, which response is incorporated herein by reference. | ||
| (iii) Sole power to dispose or to direct the disposition of:
Reference is made to the response to Row 7 on page 2 of this Schedule, which response is incorporated herein by reference. | ||
| (iv) Shared power to dispose or to direct the disposition of:
Reference is made to the response to Row 8 on page 2 of this Schedule, which response is incorporated herein by reference. | ||
| Item 5. | Ownership of 5 Percent or Less of a Class. | |
| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. | |
Not Applicable
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| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. | |
Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. | |
Not Applicable
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| Item 9. | Notice of Dissolution of Group. | |
Not Applicable
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| Item 10. | Certifications: |
Not Applicable
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| 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.
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