Fisher Adam Ralph 4
4 · Fiverr International Ltd. · Filed Jun 12, 2026
Research Summary
AI-generated summary of this filing
Fiverr (FVRR) Director Adam Fisher Sells Shares via Bessemer Funds
What Happened
Adam Fisher, a director at Fiverr International Ltd., reported sales by Bessemer-affiliated funds (not direct sales by Fisher). According to the filing, Bessemer Venture Partners VII Institutional L.P., BVP VII L.P. and BVP VII Special Opportunity Fund L.P. sold a combined total of 46,147 shares on June 10, 2026 (weighted avg $10.23) and 76,690 shares on June 11, 2026 (weighted avg $9.83). That totals 122,837 Class A shares sold across the two days for roughly $1.23 million in aggregate proceeds based on the reported weighted averages. The Form 4 itself shows no direct disposals by Fisher (0 shares) because he reports only an indirect, passive pecuniary interest via the Bessemer funds.
Key Details
- Transaction dates: June 10, 2026 and June 11, 2026.
- Reported weighted-average prices: $10.23 (June 10) and $9.83 (June 11). Footnotes state sales occurred in multiple trades at prices described in the filing (range noted as $10.05–$10.37); the filer offers to provide a per-price breakdown on request.
- Total shares sold by the Bessemer funds: 122,837 shares. Estimated proceeds ≈ $1.23M (based on weighted averages).
- Shares owned after transaction: the filing shows 0 direct shares reported for Fisher; he disclaims beneficial ownership of the securities held by the Bessemer funds except to the extent of any pecuniary interest.
- Notable footnote: Fisher is a partner at Bessemer Venture Partners and states his interest is indirect/passive via partnership interests (Deer VII & Co. L.P. and other limited partnerships).
- Filing timeliness: Reported period covers June 10–11 trades and the Form 4 was filed June 12, 2026 — the filing appears timely (within the usual two-business-day window).
Context
- These sales were executed by institutional Bessemer funds, not by Fisher personally. For retail investors, institutional fund sales can reflect portfolio rebalancing or liquidity needs rather than a director’s personal view.
- Fisher’s filing emphasizes he disclaims beneficial ownership of the sold shares except for any indirect pecuniary interest; this means the report is informational about the funds’ activity rather than a direct insider trade by the director.
Insider Transaction Report
Form 4
Fisher Adam Ralph
Director
Transactions
- Sale
Ordinary Shares
[F1][F3]2026-06-10−0→ 0 total(indirect: See footnote) - Sale
Ordinary Shares
[F2][F3]2026-06-11−0→ 0 total(indirect: See footnote)
Holdings
- 65,704
Ordinary Shares
Footnotes (3)
- [F1]On June 10, 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 6,460, 14,767 and 24,920 shares of Class A Common Stock of the Issuer, respectively, at a weighted average price of $10.23. These shares were sold in multiple transactions at prices ranging from $10.05 to $10.37. 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 11, 2026, BVP VII Inst, BVP VII and BVP VII SOF sold 10,737, 24,540 and 41,413 shares of Class A Common Stock of the Issuer, respectively, at a weighted average price of $9.83. These shares were sold in multiple transactions at prices ranging from $10.05 to $10.37. 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.
Signature
/s/ Augie Wilkinson, Attorney-in-Fact|2026-06-12