Home/Filings/4/0000899243-21-002773

4//SEC Filing

MV Management XI, L.L.C. 4

Accession 0000899243-21-002773

CIK 0001825480other

View on SEC.gov Company Profile

Filed

Jan 20, 7:00 PM ET

Accepted

Jan 21, 7:36 PM ET

Size

52.4 KB

Accession

0000899243-21-002773

Insider Transaction Report

Form 4

Period: 2021-01-19

Poshmark, Inc.POSH

MV Management XI, L.L.C.

10% Owner

Transactions

Conversion
Series C-1 Preferred Stock
2021-01-19−40,805→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (40,805 underlying)
Conversion
Series D Preferred Stock
2021-01-19−12,720→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (12,720 underlying)
Conversion
Series B Preferred Stock
2021-01-19−5,274,894→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (5,274,894 underlying)
Conversion
Series D Preferred Stock
2021-01-19−345,578→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (345,578 underlying)
Conversion
Class B Common Stock
2021-01-19+9,652,859→ 9,652,859 total(indirect: See Footnote)
→ Class A Common Stock (9,652,859 underlying)
Conversion
Common Stock
2021-01-19−289,412→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (289,412 underlying)
Conversion
Common Stock
2021-01-19−4,706→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (4,706 underlying)
Conversion
Class B Common Stock
2021-01-19+289,412→ 289,412 total(indirect: See Footnote)
→ Class A Common Stock (289,412 underlying)
Conversion
Series B Preferred Stock
2021-01-19−208,364→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (208,364 underlying)
Conversion
Series C Preferred Stock
2021-01-19−66,650→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (66,650 underlying)
Conversion
Series B-1 Preferred Stock
2021-01-19−43,951→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (43,951 underlying)
Conversion
Series B-1 Preferred Stock
2021-01-19−1,112,663→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (1,112,663 underlying)
Conversion
Series C Preferred Stock
2021-01-19−1,810,835→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (1,810,835 underlying)
Conversion
Series C-1 Preferred Stock
2021-01-19−1,108,619→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (1,108,619 underlying)
Conversion
Class B Common Stock
2021-01-19+372,490→ 372,490 total(indirect: See Footnote)
→ Class A Common Stock (372,490 underlying)
Conversion
Class B Common Stock
2021-01-19+4,706→ 4,706 total(indirect: See Footnote)
→ Class A Common Stock (4,706 underlying)

MMEF XI, L.P.

10% Owner

Transactions

Conversion
Class B Common Stock
2021-01-19+372,490→ 372,490 total(indirect: See Footnote)
→ Class A Common Stock (372,490 underlying)
Conversion
Series B-1 Preferred Stock
2021-01-19−1,112,663→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (1,112,663 underlying)
Conversion
Series D Preferred Stock
2021-01-19−345,578→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (345,578 underlying)
Conversion
Series B Preferred Stock
2021-01-19−5,274,894→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (5,274,894 underlying)
Conversion
Common Stock
2021-01-19−4,706→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (4,706 underlying)
Conversion
Class B Common Stock
2021-01-19+4,706→ 4,706 total(indirect: See Footnote)
→ Class A Common Stock (4,706 underlying)
Conversion
Series B-1 Preferred Stock
2021-01-19−43,951→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (43,951 underlying)
Conversion
Series C Preferred Stock
2021-01-19−66,650→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (66,650 underlying)
Conversion
Series C Preferred Stock
2021-01-19−1,810,835→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (1,810,835 underlying)
Conversion
Series D Preferred Stock
2021-01-19−12,720→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (12,720 underlying)
Conversion
Series C-1 Preferred Stock
2021-01-19−1,108,619→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (1,108,619 underlying)
Conversion
Class B Common Stock
2021-01-19+9,652,859→ 9,652,859 total(indirect: See Footnote)
→ Class A Common Stock (9,652,859 underlying)
Conversion
Class B Common Stock
2021-01-19+289,412→ 289,412 total(indirect: See Footnote)
→ Class A Common Stock (289,412 underlying)
Conversion
Series B Preferred Stock
2021-01-19−208,364→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (208,364 underlying)
Conversion
Series C-1 Preferred Stock
2021-01-19−40,805→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (40,805 underlying)
Conversion
Common Stock
2021-01-19−289,412→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (289,412 underlying)

Menlo Ventures XI, L.P.

10% Owner

Transactions

Conversion
Series B Preferred Stock
2021-01-19−5,274,894→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (5,274,894 underlying)
Conversion
Class B Common Stock
2021-01-19+289,412→ 289,412 total(indirect: See Footnote)
→ Class A Common Stock (289,412 underlying)
Conversion
Series C-1 Preferred Stock
2021-01-19−40,805→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (40,805 underlying)
Conversion
Series B-1 Preferred Stock
2021-01-19−1,112,663→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (1,112,663 underlying)
Conversion
Series C Preferred Stock
2021-01-19−1,810,835→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (1,810,835 underlying)
Conversion
Class B Common Stock
2021-01-19+9,652,859→ 9,652,859 total(indirect: See Footnote)
→ Class A Common Stock (9,652,859 underlying)
Conversion
Series C Preferred Stock
2021-01-19−66,650→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (66,650 underlying)
Conversion
Series D Preferred Stock
2021-01-19−12,720→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (12,720 underlying)
Conversion
Series C-1 Preferred Stock
2021-01-19−1,108,619→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (1,108,619 underlying)
Conversion
Common Stock
2021-01-19−4,706→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (4,706 underlying)
Conversion
Series B Preferred Stock
2021-01-19−208,364→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (208,364 underlying)
Conversion
Series B-1 Preferred Stock
2021-01-19−43,951→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (43,951 underlying)
Conversion
Series D Preferred Stock
2021-01-19−345,578→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (345,578 underlying)
Conversion
Class B Common Stock
2021-01-19+372,490→ 372,490 total(indirect: See Footnote)
→ Class A Common Stock (372,490 underlying)
Conversion
Common Stock
2021-01-19−289,412→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (289,412 underlying)
Conversion
Class B Common Stock
2021-01-19+4,706→ 4,706 total(indirect: See Footnote)
→ Class A Common Stock (4,706 underlying)

MMSOP, L.P.

10% Owner

Transactions

Conversion
Class B Common Stock
2021-01-19+372,490→ 372,490 total(indirect: See Footnote)
→ Class A Common Stock (372,490 underlying)
Conversion
Class B Common Stock
2021-01-19+289,412→ 289,412 total(indirect: See Footnote)
→ Class A Common Stock (289,412 underlying)
Conversion
Series C-1 Preferred Stock
2021-01-19−1,108,619→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (1,108,619 underlying)
Conversion
Common Stock
2021-01-19−289,412→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (289,412 underlying)
Conversion
Class B Common Stock
2021-01-19+4,706→ 4,706 total(indirect: See Footnote)
→ Class A Common Stock (4,706 underlying)
Conversion
Series B Preferred Stock
2021-01-19−5,274,894→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (5,274,894 underlying)
Conversion
Series C Preferred Stock
2021-01-19−1,810,835→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (1,810,835 underlying)
Conversion
Common Stock
2021-01-19−4,706→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (4,706 underlying)
Conversion
Series D Preferred Stock
2021-01-19−12,720→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (12,720 underlying)
Conversion
Series D Preferred Stock
2021-01-19−345,578→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (345,578 underlying)
Conversion
Class B Common Stock
2021-01-19+9,652,859→ 9,652,859 total(indirect: See Footnote)
→ Class A Common Stock (9,652,859 underlying)
Conversion
Series C Preferred Stock
2021-01-19−66,650→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (66,650 underlying)
Conversion
Series B-1 Preferred Stock
2021-01-19−1,112,663→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (1,112,663 underlying)
Conversion
Series B Preferred Stock
2021-01-19−208,364→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (208,364 underlying)
Conversion
Series B-1 Preferred Stock
2021-01-19−43,951→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (43,951 underlying)
Conversion
Series C-1 Preferred Stock
2021-01-19−40,805→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (40,805 underlying)

MSOP GP, L.L.C.

10% Owner

Transactions

Conversion
Series B Preferred Stock
2021-01-19−208,364→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (208,364 underlying)
Conversion
Series D Preferred Stock
2021-01-19−12,720→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (12,720 underlying)
Conversion
Series D Preferred Stock
2021-01-19−345,578→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (345,578 underlying)
Conversion
Class B Common Stock
2021-01-19+9,652,859→ 9,652,859 total(indirect: See Footnote)
→ Class A Common Stock (9,652,859 underlying)
Conversion
Common Stock
2021-01-19−289,412→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (289,412 underlying)
Conversion
Series C-1 Preferred Stock
2021-01-19−40,805→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (40,805 underlying)
Conversion
Series C-1 Preferred Stock
2021-01-19−1,108,619→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (1,108,619 underlying)
Conversion
Common Stock
2021-01-19−4,706→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (4,706 underlying)
Conversion
Class B Common Stock
2021-01-19+289,412→ 289,412 total(indirect: See Footnote)
→ Class A Common Stock (289,412 underlying)
Conversion
Series B-1 Preferred Stock
2021-01-19−1,112,663→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (1,112,663 underlying)
Conversion
Series B-1 Preferred Stock
2021-01-19−43,951→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (43,951 underlying)
Conversion
Series C Preferred Stock
2021-01-19−66,650→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (66,650 underlying)
Conversion
Class B Common Stock
2021-01-19+372,490→ 372,490 total(indirect: See Footnote)
→ Class A Common Stock (372,490 underlying)
Conversion
Class B Common Stock
2021-01-19+4,706→ 4,706 total(indirect: See Footnote)
→ Class A Common Stock (4,706 underlying)
Conversion
Series B Preferred Stock
2021-01-19−5,274,894→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (5,274,894 underlying)
Conversion
Series C Preferred Stock
2021-01-19−1,810,835→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (1,810,835 underlying)

Menlo Special Opportunities Fund, L.P.

10% Owner

Transactions

Conversion
Series C Preferred Stock
2021-01-19−66,650→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (66,650 underlying)
Conversion
Series B-1 Preferred Stock
2021-01-19−43,951→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (43,951 underlying)
Conversion
Class B Common Stock
2021-01-19+372,490→ 372,490 total(indirect: See Footnote)
→ Class A Common Stock (372,490 underlying)
Conversion
Class B Common Stock
2021-01-19+9,652,859→ 9,652,859 total(indirect: See Footnote)
→ Class A Common Stock (9,652,859 underlying)
Conversion
Common Stock
2021-01-19−289,412→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (289,412 underlying)
Conversion
Class B Common Stock
2021-01-19+289,412→ 289,412 total(indirect: See Footnote)
→ Class A Common Stock (289,412 underlying)
Conversion
Class B Common Stock
2021-01-19+4,706→ 4,706 total(indirect: See Footnote)
→ Class A Common Stock (4,706 underlying)
Conversion
Series B Preferred Stock
2021-01-19−208,364→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (208,364 underlying)
Conversion
Common Stock
2021-01-19−4,706→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (4,706 underlying)
Conversion
Series C-1 Preferred Stock
2021-01-19−40,805→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (40,805 underlying)
Conversion
Series D Preferred Stock
2021-01-19−12,720→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (12,720 underlying)
Conversion
Series B Preferred Stock
2021-01-19−5,274,894→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (5,274,894 underlying)
Conversion
Series B-1 Preferred Stock
2021-01-19−1,112,663→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (1,112,663 underlying)
Conversion
Series C Preferred Stock
2021-01-19−1,810,835→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (1,810,835 underlying)
Conversion
Series C-1 Preferred Stock
2021-01-19−1,108,619→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (1,108,619 underlying)
Conversion
Series D Preferred Stock
2021-01-19−345,578→ 0 total(indirect: See Footnote)
→ Common Stock (Class B Common Stock) (345,578 underlying)

Footnotes (7)

[F1]Immediately prior to the closing of the Issuer's initial public offering, each share of Series B Preferred Stock, Series B-1 Preferred Stock, Series C Preferred Stock, Series C-1 Preferred Stock and Series D Preferred Stock (collectively, the "Preferred Stock") automatically converted into shares of the Issuer's Class B Common Stock on a one-for-one basis. The shares of Preferred Stock had no expiration date.
[F2]Immediately prior to the closing of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class B Common Stock.
[F3]These shares are held by MMEF XI, L.P. MV Management XI, L.L.C. is the general partner of MMEF XI, L.P. and may be deemed to have voting and investment power over the shares held by MMEF XI, L.P., but MV Management XI, L.L.C. disclaims beneficial ownership of such shares, except to the extent of its proportionate pecuniary interest therein.
[F4]These shares are held by Menlo Ventures XI, L.P. MV Management XI, L.L.C. is the general partner of Menlo Ventures XI, L.P. and may be deemed to shared voting and investment power over the shares held by Menlo Ventures XI, L.P., but MV Management XI, L.L.C. disclaims beneficial ownership of such shares, except to the extent of its proportionate pecuniary interest therein.
[F5]Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the Reporting Person.
[F6]These shares are held by Menlo Special Opportunities Fund, L.P. MSOP GP, L.L.C. is the general partner of Menlo Special Opportunities Fund, L.P. and may be deemed to have voting and investment power over the shares held by Menlo Special Opportunities Fund, L.P., but MSOP GP, L.L.C. disclaims beneficial ownership of such shares, except to the extent of its proportionate pecuniary interest therein.
[F7]These shares are held by MMSOP, L.P. MSOP GP, L.L.C. is the general partner MMSOP, L.P. and may be deemed to have voting and investment power over the shares held by MMSOP, L.P., but MSOP GP, L.L.C. disclaims beneficial ownership of such shares, except to the extent of its proportionate pecuniary interest therein.

Documents

1 file

4
doc4.xmlPrimary
FORM 4 SUBMISSION

Issuer

Poshmark, Inc.

CIK 0001825480

→

Entity typeother

IncorporatedDE

Related Parties

filerCIK 0001503556

Filing Metadata

Form type: 4
Filed: Jan 20, 7:00 PM ET
Accepted: Jan 21, 7:36 PM ET
Size: 52.4 KB

View on SEC.gov