BX Buzz ML-2 Holdco L.P. 4

What Happened
BX Buzz ML-1 Holdco L.P., a reported 10% owner of Bumble Inc. (BMBL), disposed of a total of 7,477,504 shares of Bumble Class A common stock on March 17, 2026. The transactions were reported as sales (code S) at a price of $3.51 per share, producing aggregate proceeds of approximately $26.25 million. Per the filing footnote, the shares were sold to an unaffiliated financial institution and the $3.51 price was determined based on the volume-weighted average price (VWAP) over the institution’s hedging period for a post‑paid forward transaction.

Key Details

• Transaction date: March 17, 2026; Form 4 filed March 19, 2026 (appears timely).
• Price per share: $3.51 (VWAP-based; see footnote F1).
• Shares sold: 7,477,504 total across multiple lots (individual lots listed in the filing).
• Total proceeds: ~$26.25 million.
• Transaction code: S = Sale.
• Shares owned after transaction: Not specified in the portion of the filing provided.
• Notable footnotes: F1 explains sale was pursuant to a post‑paid forward with price set at end of hedging period; F10–F13 & F2 explain the Blackstone-related ownership and reporting structure and disclaimer of beneficial ownership by certain reporting persons.

Context

• This is an institutional disposition by a 10% holder (Blackstone-related entities), not an executive insider; such sales can reflect portfolio or fund-level actions rather than individual executive sentiment.
• The sale resulted from a contractual post‑paid forward arrangement (not a simple open-market trade), meaning price was set after a hedging period and proceeds were delivered to the reporting person once the hedging completed.
• No options, gifts, or purchases were reported in this filing; the activity is purely a sale (S).