Fiverr (FVRR) Director Adam Fisher Sells Shares

What Happened

• Adam Ralph Fisher, identified as a director and a partner at Bessemer Venture Partners, is linked to sales of Class A common stock of Fiverr (FVRR) carried out by Bessemer-affiliated funds. The Bessemer funds sold a combined ~80,486 shares across June 2 and June 3, 2026, for aggregate proceeds of roughly $836,000.
• On June 2 the Bessemer funds sold 37,596 shares at a weighted average price of $10.72 (prices ranged $10.59–$11.28). On June 3 they sold 42,890 shares at a weighted average price of $10.10 (prices ranged $10.00–$10.19). The filing is an amended Form 4 and shows the reporting person disclaiming direct beneficial ownership of the shares sold.

Key Details

• Transaction type: Sales (S) by Bessemer funds (reported in Fisher’s Form 4 as related to his indirect interest).
• Dates and prices:
  • June 2, 2026 — 37,596 shares, weighted avg $10.72 (range $10.59–$11.28).
  • June 3, 2026 — 42,890 shares, weighted avg $10.10 (range $10.00–$10.19).
• Approximate total proceeds: ≈ $836,000 across both dates.
• Shares owned after transaction: The filing does not claim Fisher’s direct beneficial ownership of these shares; he disclaims beneficial ownership except for any pecuniary interest via his limited partnership interests.
• Notable footnotes: The sales were made by Bessemer Venture Partners VII Institutional L.P., BVP VII L.P., and BVP VII Special Opportunity Fund L.P.; the filer offers to provide per-price breakdowns on request (footnotes F1–F2). Footnote F3 explains Fisher’s indirect, passive economic interest and disclaims beneficial ownership.
• Timeliness/filing status: This is an amended filing (Accession 0001193125-26-262537) and is marked late (transactionTimeliness = 'L') relative to the transaction dates.

Context

• These are institutional fund sales, not direct executive stock sales. Fisher is a partner at Bessemer and reports an indirect, passive economic interest in the funds that sold the shares; the report explicitly disclaims that he is the beneficial owner of the sold securities except to the extent of any pecuniary interest.
• For retail investors, institutional sales can reflect liquidity events by venture investors rather than personal insider sentiment. The filing is factual and does not state Fisher’s personal decision to sell.