Fisher Adam Ralph 4

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.