MV Management XI, L.L.C. 4
4 · Poshmark, Inc. · Filed Jan 21, 2021
Insider Transaction Report
Form 4
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)
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.