GENERAL ATLANTIC, L.P. 4
4 · Liftoff Mobile, Inc. · Filed Jun 9, 2026
Research Summary
AI-generated summary of this filing
Liftoff (LFTO) 10% Owner General Atlantic Acquires 1.3M Shares
What Happened
General Atlantic GenPar, L.P. (a reported 10% owner) purchased 1,304,347 shares of Liftoff Mobile, Inc. (LFTO) common stock at $23.00 per share on June 5, 2026. The transaction was an acquisition in Liftoff’s initial public offering and had a total value of $29,999,981. This was a purchase (institutional buy) rather than a sale.
Key Details
- Transaction date and price: 2026-06-05, purchase at $23.00 per share.
- Shares acquired: 1,304,347; total value: $29,999,981.
- Shares owned after transaction: Not specified in the Form 4 filing.
- Filing date/timeliness: Form 4 filed 2026-06-09 — within the typical two-business-day window (timely).
- Notable footnotes: Filing states the shares were purchased by General Atlantic (LFT), L.P. in the issuer’s IPO (FN1). Multiple affiliated GA funds and entities are disclosed as sharing beneficial ownership of the record holder (FNs 2–4); several GA entities may be deemed a “group,” though each disclaims ownership of securities not directly owned.
- Reporting type: Institutional purchase by a 10% owner (not an executive insider).
Context
- This was an IPO allocation/purchase by an institutional investor, which is different from insider sales by executives; such purchases can reflect institutional support but are routine for IPO participants.
- The complex GA entity and fund structure is disclosed to show beneficial ownership and group status; the filing explicitly disclaims that this report should be taken as an admission of group membership or broader beneficial ownership.
Insider Transaction Report
Form 4
GENERAL ATLANTIC GENPAR, 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.