Danone Manifesto Ventures, PBC 4
4 · Laird Superfood, Inc. · Filed Sep 25, 2020
Insider Transaction Report
Form 4
Danone Manifesto Ventures, PBC
10% Owner
Transactions
- Conversion
Common Stock
2020-09-25+766,284→ 766,284 total(indirect: See Explanation of Responses) - Purchase
Common Stock
2020-09-25$22.00/sh+90,910$2,000,020→ 857,194 total(indirect: See Explanation of Responses) - Conversion
Series B-1 Preferred Stock
2020-09-25−383,142→ 0 total(indirect: See Explanation of Responses)→ Common Stock (766,284 underlying)
Footnotes (3)
- [F1]Upon the closing of the Company's initial public offering, all shares of Series B-1 Preferred Stock automatically converted into shares of Common Stock of the Company on a one-to-two basis. The Series B-1 Preferred Stock had no expiration date.
- [F2]Danone Manifesto Ventures, PBC is the direct holder of the securities reflected in this Form 4. Danone Manifesto Ventures, PBC is a wholly owned subsidiary of Danone North America Public Benefit Corporation, which is a wholly owned subsidiary of Compagnie Gervais Danone S.A., which is a wholly owned subsidiary of Danone S.A. Danone S.A. is an indirect beneficial owner of the reported securities.
- [F3]Represents shares purchased in a private placement that closed concurrently with the Company's initial public offering.