GAP COINVESTMENTS III, LLC 4
4 · Liftoff Mobile, Inc. · Filed Jun 9, 2026
Research Summary
AI-generated summary of this filing
Liftoff (LFTO) — General Atlantic (10% Owner) Buys $30M in IPO Stock
What Happened
- General Atlantic (LFT), L.P., a reported 10% owner, purchased 1,304,347 shares of Liftoff Mobile, Inc. common stock at $23.00 per share in Liftoff’s initial public offering on June 5, 2026. The purchase value was $29,999,981. This was a purchase (institutional IPO allocation), not a sale.
Key Details
- Transaction date: 2026-06-05; Price: $23.00 per share; Shares acquired: 1,304,347; Total value: $29,999,981.
- Filing date / report period: Form 4 filed June 9, 2026, reporting the June 5 transaction.
- Shares owned after transaction: not specified in the Form 4 provided.
- Footnotes: Filing states the shares were purchased in the issuer’s IPO and lists the complex ownership/control chain among General Atlantic funds and entities (several GA funds, GP/LPs and partnership committees). The entities may be deemed a "group," but each reporting person disclaims beneficial ownership of shares they do not directly own.
- Transaction code: P = Purchase (IPO allocation).
Context
- This is an institutional purchase tied to the company’s IPO—common for investors participating in an offering and typically reflects an allocation rather than an individual executive buying stock.
- Purchases in an IPO by a 10% owner are informative about investor demand but do not necessarily signal management sentiment; the filing is primarily a disclosure of ownership.
Insider Transaction Report
Form 4
General Atlantic (LFT), L.P.
Director10% Owner
Transactions
- Purchase
Common Stock, par value $0.0001 per share
[F1][F2][F3][F4]2026-06-05$23.00/sh+1,304,347$29,999,981→ 25,315,646 total(indirect: See footnote)
Footnotes (4)
- [F1]The shares of Common Stock were purchased by General Atlantic (LFT), L.P. ("GA LFT") in the Issuer's initial public offering, which closed on June 5, 2026, at a price of $23.00.
- [F2]The following investment funds share beneficial ownership of the common shares held of record by GA LFT (collectively, the "GA Funds"): General Atlantic Partners 100, L.P. ("GAP 100"), General Atlantic Partners (Lux) SCSp ("GAP Lux"), GAP Coinvestments III, LLC ("GAPCO III"), GAP Coinvestments IV, LLC ("GAPCO IV"), GAP Coinvestments V, LLC ("GAPCO V") and GAP Coinvestments CDA, L.P. ("GAPCO CDA"). (Cont'd in FN3)
- [F3](Cont'd from FN2) General Atlantic (SPV) GP, LLC ("GA SPV") is the general partner of GA LFT. General Atlantic, L.P. ("GA LP") is the sole member of GA SPV. The general partner of GAP Lux is General Atlantic GenPar (Lux) SCSp ("GA GenPar Lux"), and the general partner of GA GenPar Lux is General Atlantic (Lux) S.a. r.l. ("GA Lux"). The sole shareholder of GA Lux is General Atlantic GenPar (Bermuda), L.P. ("GenPar Bermuda"). (Cont'd in FN4)
- [F4](Cont'd from F3) GA LP, which is controlled by the Partnership Committee of GASC MGP, LLC (the "GA Partnership Committee"), is the managing member of GAPCO III, GAPCO IV, and GAPCO V and the general partner of GAPCO CDA. GAP (Bermuda) LP ("GAP Bermuda"), which is also controlled by the Partnership Committee, is the general partner of GenPar Bermuda. The general partner of GAP 100 is General Atlantic GenPar, L.P. ("GA GenPar"), and the general partner of GA GenPar is GA LP. There are six members of the GA Partnership Committee. Each of the members of the GA Partnership Committee disclaims ownership of the shares except to the extent that he has a pecuniary interest therein.