UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 15)*
WW
INTERNATIONAL, INC.
(Name of Issuer)
Common Stock, no par value
(Title of Class of Securities)
98262P101
(CUSIP Number)
Anne Goffard
Westend S.A.
44, Rue de
la Vallée
L-2661 Luxembourg
Luxembourg
(+352) 22.42.59-1
Copies to:
Kenneth B. Wallach, Esq.
Simpson Thacher & Bartlett LLP
425 Lexington Avenue
New
York, New York 10017
(212) 455-2000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
May 10, 2023
(Date
of Event which Requires Filing of this Statement)
If the filing person has
previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this Schedule because of Rule 13d-1(e), Rule
13d-1(f) or Rule 13d-1(g), check the following box ☐.
Note: Schedules filed in paper format shall
include a signed original and five copies of the schedule, including all exhibits. See ss.240.13d-7 for other parties to whom copies are to be sent.
* |
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 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. 98262P101
|
|
|
|
|
|
|
(1) |
|
NAMES OF REPORTING PERSONS.
Artal Luxembourg S.A. |
(2) |
|
CHECK THE APPROPRIATE BOX
IF A MEMBER OF A GROUP (a) ☐ (b) ☒
|
(3) |
|
SEC USE ONLY
|
(4) |
|
SOURCE OF FUNDS
OO |
(5) |
|
CHECK BOX IF DISCLOSURE OF
LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
☐ |
(6) |
|
CITIZENSHIP OR PLACE OF
ORGANIZATION
Luxembourg |
|
|
|
|
|
|
|
NUMBER OF
SHARES BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH |
|
(7) |
|
SOLE VOTING POWER
0 |
|
(8) |
|
SHARED VOTING POWER
0 |
|
(9) |
|
SOLE DISPOSITIVE POWER
0 |
|
(10) |
|
SHARED DISPOSITIVE POWER
0 |
|
|
|
|
|
|
|
(11) |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 |
(12) |
|
CHECK BOX IF THE AGGREGATE
AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐ |
(13) |
|
PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11) 0% |
(14) |
|
TYPE OF REPORTING
PERSON OO |
2
CUSIP No. 98262P101
|
|
|
|
|
|
|
(1) |
|
NAMES OF REPORTING PERSONS.
Artal International S.C.A. |
(2) |
|
CHECK THE APPROPRIATE BOX
IF A MEMBER OF A GROUP (a) ☐ (b) ☒
|
(3) |
|
SEC USE ONLY
|
(4) |
|
SOURCE OF FUNDS
OO |
(5) |
|
CHECK BOX IF DISCLOSURE OF
LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
☐ |
(6) |
|
CITIZENSHIP OR PLACE OF
ORGANIZATION
Luxembourg |
|
|
|
|
|
|
|
NUMBER OF
SHARES BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH |
|
(7) |
|
SOLE VOTING POWER
0 |
|
(8) |
|
SHARED VOTING POWER
0 |
|
(9) |
|
SOLE DISPOSITIVE POWER
0 |
|
(10) |
|
SHARED DISPOSITIVE POWER
0 |
|
|
|
|
|
|
|
(11) |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 |
(12) |
|
CHECK BOX IF THE AGGREGATE
AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐ |
(13) |
|
PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11) 0% |
(14) |
|
TYPE OF REPORTING
PERSON OO |
3
CUSIP No. 98262P101
|
|
|
|
|
|
|
(1) |
|
NAMES OF REPORTING PERSONS.
Artal International Management S.A. |
(2) |
|
CHECK THE APPROPRIATE BOX
IF A MEMBER OF A GROUP (a) ☐ (b) ☒
|
(3) |
|
SEC USE ONLY
|
(4) |
|
SOURCE OF FUNDS
OO |
(5) |
|
CHECK BOX IF DISCLOSURE OF
LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
☐ |
(6) |
|
CITIZENSHIP OR PLACE OF
ORGANIZATION
Luxembourg |
|
|
|
|
|
|
|
NUMBER OF
SHARES BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH |
|
(7) |
|
SOLE VOTING POWER
0 |
|
(8) |
|
SHARED VOTING POWER
0 |
|
(9) |
|
SOLE DISPOSITIVE POWER
0 |
|
(10) |
|
SHARED DISPOSITIVE POWER
0 |
|
|
|
|
|
|
|
(11) |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 |
(12) |
|
CHECK BOX IF THE AGGREGATE
AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐ |
(13) |
|
PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11) 0% |
(14) |
|
TYPE OF REPORTING
PERSON OO |
4
CUSIP No. 98262P101
|
|
|
|
|
|
|
(1) |
|
NAMES OF REPORTING PERSONS.
Artal Group S.A. |
(2) |
|
CHECK THE APPROPRIATE BOX
IF A MEMBER OF A GROUP (a) ☐ (b) ☒
|
(3) |
|
SEC USE ONLY
|
(4) |
|
SOURCE OF FUNDS
OO |
(5) |
|
CHECK BOX IF DISCLOSURE OF
LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
☐ |
(6) |
|
CITIZENSHIP OR PLACE OF
ORGANIZATION
Luxembourg |
|
|
|
|
|
|
|
NUMBER OF
SHARES BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH |
|
(7) |
|
SOLE VOTING POWER
0 |
|
(8) |
|
SHARED VOTING POWER
0 |
|
(9) |
|
SOLE DISPOSITIVE POWER
0 |
|
(10) |
|
SHARED DISPOSITIVE POWER
0 |
|
|
|
|
|
|
|
(11) |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 |
(12) |
|
CHECK BOX IF THE AGGREGATE
AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐ |
(13) |
|
PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11) 0% |
(14) |
|
TYPE OF REPORTING
PERSON OO |
5
CUSIP No. 98262P101
|
|
|
|
|
|
|
(1) |
|
NAMES OF REPORTING PERSONS.
Westend S.A. |
(2) |
|
CHECK THE APPROPRIATE BOX
IF A MEMBER OF A GROUP (a) ☐ (b) ☒
|
(3) |
|
SEC USE ONLY
|
(4) |
|
SOURCE OF FUNDS
OO |
(5) |
|
CHECK BOX IF DISCLOSURE OF
LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
☐ |
(6) |
|
CITIZENSHIP OR PLACE OF
ORGANIZATION
Luxembourg |
|
|
|
|
|
|
|
NUMBER OF
SHARES BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH |
|
(7) |
|
SOLE VOTING POWER
0 |
|
(8) |
|
SHARED VOTING POWER
0 |
|
(9) |
|
SOLE DISPOSITIVE POWER
0 |
|
(10) |
|
SHARED DISPOSITIVE POWER
0 |
|
|
|
|
|
|
|
(11) |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 |
(12) |
|
CHECK BOX IF THE AGGREGATE
AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐ |
(13) |
|
PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11) 0% |
(14) |
|
TYPE OF REPORTING
PERSON OO |
6
CUSIP No. 98262P101
|
|
|
|
|
|
|
(1) |
|
NAMES OF REPORTING PERSONS.
Stichting Administratiekantoor Westend |
(2) |
|
CHECK THE APPROPRIATE BOX
IF A MEMBER OF A GROUP (a) ☐ (b) ☒
|
(3) |
|
SEC USE ONLY
|
(4) |
|
SOURCE OF FUNDS
OO |
(5) |
|
CHECK BOX IF DISCLOSURE OF
LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
☐ |
(6) |
|
CITIZENSHIP OR PLACE OF
ORGANIZATION The
Netherlands |
|
|
|
|
|
|
|
NUMBER OF
SHARES BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH |
|
(7) |
|
SOLE VOTING POWER
0 |
|
(8) |
|
SHARED VOTING POWER
0 |
|
(9) |
|
SOLE DISPOSITIVE POWER
0 |
|
(10) |
|
SHARED DISPOSITIVE POWER
0 |
|
|
|
|
|
|
|
(11) |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 |
(12) |
|
CHECK BOX IF THE AGGREGATE
AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐ |
(13) |
|
PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11) 0% |
(14) |
|
TYPE OF REPORTING
PERSON OO |
7
CUSIP No. 98262P101
|
|
|
|
|
|
|
(1) |
|
NAMES OF REPORTING PERSONS.
Mr. Amaury Wittouck |
(2) |
|
CHECK THE APPROPRIATE BOX
IF A MEMBER OF A GROUP (a) ☐ (b) ☒
|
(3) |
|
SEC USE ONLY
|
(4) |
|
SOURCE OF FUNDS
OO |
(5) |
|
CHECK BOX IF DISCLOSURE OF
LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
☐ |
(6) |
|
CITIZENSHIP OR PLACE OF
ORGANIZATION
Belgium |
|
|
|
|
|
|
|
NUMBER OF
SHARES BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH |
|
(7) |
|
SOLE VOTING POWER
0 |
|
(8) |
|
SHARED VOTING POWER
0 |
|
(9) |
|
SOLE DISPOSITIVE POWER
0 |
|
(10) |
|
SHARED DISPOSITIVE POWER
0 |
|
|
|
|
|
|
|
(11) |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 |
(12) |
|
CHECK BOX IF THE AGGREGATE
AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐ |
(13) |
|
PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11) 0% |
(14) |
|
TYPE OF REPORTING
PERSON IN |
8
EXPLANATORY NOTE
Westend S.A. (Westend), Stichting Administratiekantoor Westend (the Stichting) and Artal International Management S.A. (Artal
International Management) (collectively, the Initial Reporting Persons), Artal Group S.A., Artal International S.C.A., Artal Luxembourg S.A. and Mr. Amaury Wittouck (together with the Initial Reporting Persons, the
Reporting Persons), hereby amend, as set forth below, the Statement on Schedule 13D filed by the Initial Reporting Persons with the Securities and Exchange Commission on March 18, 2004, as amended by Amendment No. 1 to Schedule
13D filed with the Securities and Exchange Commission on March 15, 2006, Amendment No. 2 to Schedule 13D filed with the Securities and Exchange Commission on December 19, 2006, Amendment No. 3 to Schedule 13D filed with the
Securities and Exchange Commission on February 2, 2007, Amendment No. 4 to Schedule 13D filed with the Securities and Exchange Commission on March 31, 2009, Amendment No. 5 to Schedule 13D filed with the Securities and Exchange
Commission on March 7, 2011, Amendment No. 6 to Schedule 13D filed with the Securities and Exchange Commission on June 1, 2011, Amendment No. 7 to Schedule 13D filed with the Securities and Exchange Commission on
February 16, 2012, Amendment No. 8 to Schedule 13D filed with the Securities and Exchange Commission on April 11, 2012, Amendment No. 9 to Schedule 13D filed with the Securities and Exchange Commission on December 19, 2013,
Amendment No. 10 to Schedule 13D filed with the Securities and Exchange Commission on August 15, 2014, Amendment No. 11 to Schedule 13D filed by all of the Reporting Persons with the Securities and Exchange Commission on
October 21, 2015, Amendment No. 12 to the Schedule 13D filed with the Securities and Exchange Commission on May 17, 2018, Amendment No. 13 to Schedule 13D filed with the Securities and Exchange Commission on August 16, 2018,
and Amendment No. 14 to Schedule 13D filed with the Securities and Exchange Commission on January 21, 2021 (as so amended, the Statement), relating to the common stock, no par value per share (the Common Stock), of
WW International, Inc., a Virginia corporation (the Company). The principal executive offices of the Company are located at 675 Avenue of the Americas, 6th Floor, New York, New York 10010. Capitalized terms used herein that are not
otherwise defined shall have the meanings given to them in the Statement.
Item 2. |
Identity and Background |
Item 2 of the Statement is hereby amended and restated in its entirety as follows:
This statement is being filed jointly by Artal Luxembourg S.A., a Luxembourg société anonyme, Artal International S.C.A., a Luxembourg limited
partnership, Artal International Management, a Luxembourg société anonyme, Artal Group S.A., a Luxembourg société anonyme, Westend, a Luxembourg société anonyme, the Stichting, a Netherlands foundation, and
Mr. Amaury Wittouck, a citizen of Belgium (collectively, the Reporting Persons).
The address of the principal place of business and
principal office of Artal Luxembourg S.A., Artal International S.C.A., Artal International Management S.A., Artal Group S.A., Westend and Mr. Amaury Wittouck is 44, Rue de la Vallée, L-2661,
Luxembourg, Luxembourg. The address of the principal place of business and principal office of the Stichting is Claude Debussylaan, 46, 1082 MD Amsterdam, The Netherlands.
Artal Luxembourg S.A., a subsidiary of Artal International S.C.A., is principally engaged in the business of investing in securities. Artal International
S.C.A., a subsidiary of Artal Group S.A., is principally engaged in the business of owning its subsidiaries. Artal International Management S.A., a subsidiary of Artal Group S.A, is principally engaged in the business of managing Artal International
S.C.A. Artal Group S.A., a subsidiary of Westend, is principally engaged in the business of owning Artal International Management S.A., and Artal International S.C.A. and its subsidiaries. Westend, a subsidiary of the Stichting, is principally
engaged in the business of owning Artal Group S.A. and its subsidiaries. The Stichting is principally engaged in the business of owning Westend and its subsidiaries. Mr. Amaury Wittouck is the sole member of the board of the Stichting. His
principal present occupation is serving as director of Artal Group S.A.
9
The directors of Artal Luxembourg S.A. are Mr. Pierre Claudel and Mr. Bernard Darimont; the
managing directors of Artal Luxembourg S.A. are Mr. Raymond Debbane and Mrs. Anne Goffard. The directors of Artal International Management S.A. are Mr. Pierre Claudel and Mr. Bernard Darimont; the Managing Directors of Artal
International Management S.A. are Mr. Raymond Debbane and Mrs. Anne Goffard, and the managing partner of Artal International S.C.A. is Artal International Management S.A. Mr. Claudel is a citizen of France; his present principal
occupation is as an employee of Artal International S.C.A.; and his business address is the same as for Artal International S.C.A. Mr. Darimont is a citizen of Belgium; his present principal occupation is as a director of Artal International
Management S.A.; and his business address is the same as for Artal International Management S.A. Mr. Debbane is a citizen of Panama, and his present principal occupation is as the president of The Invus Group, LLC and Chief Executive Officer of
Artal Group S.A. Mr. Debbane is also Chairman of the board of directors of Lexicon Pharmaceuticals, Inc. Mr. Debbane resigned from the Board of Directors of the Company on May 9, 2023. His business address is c/o The Invus Group, LLC,
750 Lexington Avenue, 30th Floor, New York, NY 10022. Mrs. Goffard is a citizen of Belgium; her present principal occupation is as an employee of Artal International S.C.A.; and her business address is the same as for Artal International S.C.A.
The directors of Artal Group S.A. are Mr. Eric Wittouck (Chairman), Mr. Pierre Ahlborn, Mr. Gabriel de lEscaille, Mr. Debbane
(Managing Director), Mr. Jean Fossion, Mr. Eric Jolly, Mr. Olivier Rolin-Jacquemyns and Mr. Amaury Wittouck. Mr. Eric Wittouck is a citizen of Belgium and his present principal occupation is as the Chairman of the Board of
Artal Group S.A. Mr. Ahlborn is a citizen of Luxembourg, his present principal occupation is as the chief executive officer of Banque de Luxembourg S.A. and his business address is 14, Bd. Royal, L-2449,
Luxembourg, Luxembourg. Mr. Fossion is a citizen of Belgium, his present principal occupation is as a financial consultant and his business address is Domein Fuji 6, 1970 Wezembeek-Oppem, Belgium. Mr. de lEscaille is a citizen of
Belgium, and his present principal occupation is as a director of Artal Group S.A. Mr. Jolly is a citizen of Belgium and his present principal occupation is as a director of Artal Group S.A. Mr. Rolin-Jacquemyns is a citizen of Belgium,
and his present principal occupation is as a director of Artal Group S.A. The information for Mr. Debbane and Mr. Amaury Wittouck is provided above. Unless otherwise noted above, the business address of each of the directors of Artal Group
S.A. is the same as for Artal Group S.A.
The directors of Westend S.A. are Mrs. Goffard (Managing Director), Mr. Pierre Claudel and Mr. Pierre
Ahlborn. The information for Mrs. Goffard, Mr. Claudel and Mr. Ahlborn is provided above.
During the last five years, none of the Reporting
Persons or, to the knowledge of the Reporting Persons, any of the other persons named in this Item 2 has (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) been a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to,
federal or state securities laws or finding any violation with respect to such laws.
Item 5. |
Interest in Securities of the Issuer |
The responses to Items 5(a)-(c) and (e) of the Statement are hereby amended and restated by the following:
(a)-(b) The information contained on the cover pages of this Amendment No. 15 to Schedule 13D is incorporated herein by reference.
Following the sale reported herein, none of the Reporting Persons beneficially own any shares of Common Stock.
10
To the best knowledge of the Reporting Persons, except for Mr. Debbane, none of the individuals listed in
Item 2 hereof beneficially owns any shares of Common Stock. As of the date hereof, Mr. Debbane beneficially owns 133,552 shares of Common Stock and maintains the sole power to vote or direct the vote and to dispose or direct the disposition of such
shares, which represent less than 1% of the number of shares of Common Stock issued and outstanding. Mr. Amaury Wittouck disclaims beneficial ownership of all of the shares of Common Stock reported on this Statement.
(c) Except as set forth in the Statement, there have been no transactions in shares of Common Stock by any of the Reporting Persons or by any individuals or
entities named in Item 2 of the Statement in the past 60 days. On April 3, 2023, Mr. Debbane received a grant of 2,053 shares of restricted Common Stock as compensation for his service as a member of the Board of Directors of the Company.
(e) Effective as of May 10, 2023, the Reporting Persons ceased to be the beneficial owners of more than five percent of the shares of Common Stock
outstanding.
On May 10, 2023 Artal Luxembourg S.A. sold 14,818,300 shares of Common Stock at a price per share of $7.15 in a transaction pursuant to
Rule 144 under the Securities Act of 1933, as amended.
11
SIGNATURES
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.
|
|
|
ARTAL LUXEMBOURG S.A. |
|
|
By: |
|
/s/ Anne Goffard |
Name: |
|
Anne Goffard |
Title: |
|
Managing Director |
|
ARTAL INTERNATIONAL S.C.A. |
By: Artal International Management S.A, its Managing Partner |
|
|
By: |
|
/s/ Anne Goffard |
Name: |
|
Anne Goffard |
Title: |
|
Managing Director |
|
ARTAL INTERNATIONAL MANAGEMENT S.A. |
|
|
By: |
|
/s/ Anne Goffard |
Name: |
|
Anne Goffard |
Title: |
|
Managing Director |
|
ARTAL GROUP S.A. |
|
|
By: |
|
/s/ Anne Goffard |
Name: |
|
Anne Goffard |
Title: |
|
Authorized Person |
|
WESTEND S.A. |
|
|
By: |
|
/s/ Anne Goffard |
Name: |
|
Anne Goffard |
Title: |
|
Managing Director |
|
STICHTING ADMINISTRATIEKANTOOR WESTEND |
|
|
By: |
|
/s/ Amaury Wittouck |
Name: |
|
Amaury Wittouck |
Title: |
|
Sole Member of the Board |
|
AMAURY WITTOUCK |
|
|
By: |
|
/s/ Amaury Wittouck |
|
|
Dated: |
|
May 11, 2023 |
WW (NASDAQ:WW)
Historical Stock Chart
From Oct 2024 to Nov 2024
WW (NASDAQ:WW)
Historical Stock Chart
From Nov 2023 to Nov 2024