Madrone Partners, L.P. 4
4 · Oportun Financial Corp · Filed Oct 2, 2019
Insider Transaction Report
Form 4
Madrone Partners, L.P.
10% Owner
Transactions
- Sale
Common Stock
2019-09-30$15.00/sh−1,976,455$29,646,825→ 2,109,410 total - Conversion
Series B-1 Preferred Stock
2019-09-30−84,227→ 0 total→ Common Stock (93,121 underlying) - Conversion
Series E-1 Preferred Stock
2019-09-30−40,716→ 0 total→ Common Stock (78,546 underlying) - Conversion
Series F-1 Preferred Stock
2019-09-30−2,281,292→ 0 total→ Common Stock (2,281,292 underlying) - Conversion
Series D-1 Preferred Stock
2019-09-30−356,701→ 0 total→ Common Stock (638,279 underlying) - Conversion
Common Stock
2019-09-30+4,085,865→ 4,085,865 total - Conversion
Series G Preferred Stock
2019-09-30−276,375→ 0 total→ Common Stock (409,504 underlying) - Conversion
Series C-1 Preferred Stock
2019-09-30−23,884→ 0 total→ Common Stock (42,666 underlying) - Conversion
Series F Preferred Stock
2019-09-30−20,125→ 0 total→ Common Stock (542,457 underlying)
Footnotes (3)
- [F1]In connection with the closing of the issuer's initial public offering on September 30, 2019, each share of the issuer's Series B-1 Preferred Stock automatically converted into 1.1056056 shares of the issuer's Common Stock, each share of the issuer's Series C-1 Preferred Stock automatically converted into 1.789396 shares of the issuer's Common Stock, each share of the issuer's Series D-1 Preferred Stock automatically converted into 1.789396 shares of the issuer's Common Stock, each share of the issuer's Series E-1 Preferred Stock automatically converted into 1.9291389 shares of the issuer's Common Stock, each share of the issuer's Series F Preferred Stock automatically converted into 2.697117 shares of the issuer's Common Stock, each share of the issuer's Series F-1 Preferred Stock automatically converted into 1 share of the issuer's Common Stock and each share of the issuer's Series G Preferred Stock automatically converted into 1.48169754117647 shares of the issuer's Common Stock.
- [F2](Continued from footnote 1) and such shares had no expiration date. All shares of Common Stock (including fractions thereof) issued upon conversion of more than one share of the issuer's Preferred Stock by a holder thereof were aggregated. No fractional shares were issued upon this conversion.
- [F3]The shares are held by Madrone Partners, L.P. Madrone Capital Partners, LLC ("MCP") is the general partner of Madrone Partners, L.P. and may be deemed to have voting and dispositive power over the shares held by Madrone Partners, L.P. MCP disclaims beneficial ownership over the shares held by Madrone Partners, L.P. except to the extent of its pecuniary interest therein.