Fisher Adam Ralph 4

What Happened

• Adam Fisher, listed as a Fiverr director and a partner at Bessemer Venture Partners, is the reporting person on a Form 4 disclosing sales by Bessemer-affiliated funds. The report itself shows Fisher disposing of 0 shares directly; footnotes state that three Bessemer funds sold a total of 80,486 Class A shares in multiple trades across June 2–3, 2026 for a combined proceeds of roughly $836,000.
• June 2 sales (by Bessemer funds): 37,596 shares sold at a weighted average price of $10.72 (prices ranged $10.59–$11.28) — proceeds ≈ $403,029. June 3 sales: 42,890 shares sold at a weighted average price of $10.10 (prices ranged $10.00–$10.19) — proceeds ≈ $433,189.

Key Details

• Transaction dates: June 2, 2026 and June 3, 2026.
• Price ranges: $10.59–$11.28 (June 2); $10.00–$10.19 (June 3). Weighted averages: $10.72 (June 2); $10.10 (June 3).
• Total shares sold (both days): 80,486; combined proceeds ≈ $836,218.
• Shares owned after transaction: not specified in the filing for the reporting person.
• Footnotes: F3 clarifies Fisher is a partner at Bessemer Venture Partners and has an indirect, passive economic interest in the shares held by the Bessemer Funds; he disclaims beneficial ownership except to any pecuniary interest. Footnotes F1 and F2 provide per-fund share counts and offer to supply per-price breakdowns on request.
• Filing/Timeliness: Form filed June 4, 2026 (reporting period begins June 2, 2026); no late-filing flag noted in the provided data.

Context

• These trades were executed by venture-capital-affiliated funds (Bessemer Funds), not direct open-market sales by Fisher personally according to the filing. Institutional fund sales are often liquidity events for investors and are not the same as insiders’ personal stock sales; the filing disclaims Fisher’s direct beneficial ownership aside from any passive pecuniary interest. As always, sales alone do not prove management sentiment; purchases typically convey clearer insider bullishness.