Fisher Adam Ralph 4
4 · Fiverr International Ltd. · Filed Jun 8, 2026
Research Summary
AI-generated summary of this filing
Fiverr (FVRR) Director Adam Fisher Reports Bessemer Funds Sell Shares
What Happened
Adam (Fisher) Ralph, a partner at Bessemer Venture Partners and a director of Fiverr, filed a Form 4 reporting sales of Fiverr Class A shares by Bessemer-related funds on June 4–5, 2026. The three Bessemer vehicles sold a total of 55,132 shares on June 4 at a weighted average price of $10.28 (prices ranged $10.12–$10.42) and 50,407 shares on June 5 at a weighted average price of $10.27 (prices ranged $10.15–$10.44) — 105,539 shares in total for roughly $1.08 million in gross proceeds. The filing shows the reporting person did not directly dispose of any shares (0 reported) and disclaims beneficial ownership of the securities held by the Bessemer funds except to the extent of any pecuniary interest.
Key Details
- Transaction dates: June 4, 2026 and June 5, 2026.
- Prices: weighted averages $10.28 (Jun 4, range $10.12–$10.42) and $10.27 (Jun 5, range $10.15–$10.44).
- Shares sold: 55,132 (Jun 4) + 50,407 (Jun 5) = 105,539 total. Estimated proceeds ≈ $1.08M.
- Shares owned after transaction: Form 4 shows 0 direct shares sold by the reporting person; his interest is indirect/passive via Bessemer funds (see footnote F3).
- Notable footnotes: F1/F2 detail per-fund and per-price breakdowns and offer to provide full per-price quantities on request; F3 states the filer is a Bessemer partner and disclaims beneficial ownership of the fund holdings.
- Filing timeliness: Form filed June 8, 2026; covers trades on June 4–5 and was submitted within the normal reporting window.
Context
These were institutional liquidations by Bessemer funds, not an outright direct sale by Fiverr’s director. The filer is a partner at Bessemer with an indirect economic interest only; such sales often reflect fund-level liquidity or portfolio management rather than a personal insider view of the company. The filing is factual and does not indicate management trading activity by the director in a personal capacity.
Insider Transaction Report
- Sale
Ordinary Shares
[F1][F3]2026-06-04−0→ 0 total(indirect: See footnote) - Sale
Ordinary Shares
[F2][F3]2026-06-05−0→ 0 total(indirect: See footnote)
- 65,704
Ordinary Shares
Footnotes (3)
- [F1]On June 4, 2026, Bessemer Venture Partners VII Institutional L.P. ("BVP VII Inst"), Bessemer Venture Partners VII L.P. ("BVP VII"), and BVP VII Special Opportunity Fund L.P. ("BVP VII SOF") (together with BVP VII Inst and BVP VIII, the "Bessemer Funds") sold 7,718, 17,642 and 29,772 shares of Class A Common Stock of the Issuer, respectively, at a weighted average price of $10.28. These shares were sold in multiple transactions at prices ranging from $10.12 to $10.42. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- [F2]On June 5, 2026, BVP VII Inst, BVP VII and BVP VII SOF sold 7,057, 16,130 and 27,220 shares of Class A Common Stock of the Issuer, respectively, at a weighted average price of $10.27. These shares were sold in multiple transactions at prices ranging from $10.15 to $10.44. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- [F3]The Reporting Person is a partner at Bessemer Venture Partners and has an indirect, passive economic interest in the shares held by the Bessemer Funds by virtue of his interest in (1) Deer VII & Co. L.P., the general partner of the Bessemer Funds and (2) certain other indirect limited partnership interests in certain of the Bessemer Funds. The Reporting Person disclaims beneficial ownership of the securities held by the Bessemer Funds, except to the extent of his pecuniary interest, if any, in such securities by virtue of his indirect interest in the Bessemer Funds. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities.