Fisher Adam Ralph 4
4 · Fiverr International Ltd. · Filed Jun 15, 2026
Research Summary
AI-generated summary of this filing
Fiverr (FVRR) Director Adam Fisher Sells Shares
What Happened
Adam Fisher, a director of Fiverr International Ltd., reported open-market sales of Class A common stock that were carried out by Bessemer Venture Partners funds with which he is affiliated. The Form 4 shows the funds sold 25,644 shares on June 12, 2026 (weighted avg $9.99; price range $9.76–$10.18) and 67,709 shares on June 15, 2026 (weighted avg $10.00; range $9.95–$10.10), a combined total of 93,353 shares for roughly $933,000. The Form 4 itself lists zero direct dispositions by Fisher; the sales were executed by the Bessemer funds.
Key Details
- Transaction dates: June 12, 2026 and June 15, 2026.
- Prices: weighted averages $9.99 (6/12) and $10.00 (6/15); ranges $9.76–$10.18 (6/12) and $9.95–$10.10 (6/15).
- Total shares sold: 93,353 shares; approximate proceeds ~ $933,000.
- Shares owned after transaction: The reporting person disclaims beneficial ownership of the securities held by the Bessemer Funds; the Form 4 reports no direct holdings disposed by Fisher.
- Notable footnotes: F1 and F2 detail the per-fund share counts and price ranges; the reporting person (F3) states he has an indirect, passive pecuniary interest via his partnership interests and disclaims beneficial ownership except to the extent of any pecuniary interest. The filer offers to provide per-price breakdowns upon request.
- Timeliness: Form filed June 15, 2026 for trades on June 12 and June 15 — the filing appears timely under the two-business-day reporting rule.
Context
These were open-market sales by institutional Bessemer funds, not direct personal sales by Fisher. The Form 4 clarifies Fisher’s role as a partner at Bessemer with an indirect, passive economic interest in the funds’ holdings; he disclaims direct beneficial ownership. Institutional portfolio sales can be routine fund management and, on their own, do not necessarily signal the director’s personal trading intent.
Insider Transaction Report
- Sale
Ordinary Shares
[F1][F3]2026-06-12−0→ 0 total(indirect: See footnote) - Sale
Ordinary Shares
[F2][F3]2026-06-15−0→ 0 total(indirect: See footnote)
- 65,704
Ordinary Shares
Footnotes (3)
- [F1]On June 12, 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 3,590, 8,206 and 13,848 shares of Class A Common Stock of the Issuer, respectively, at a weighted average price of $9.99. These shares were sold in multiple transactions at prices ranging from $9.76 to $10.18. 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 15, 2026, BVP VII Inst, BVP VII and BVP VII SOF sold 9,479, 21,667 and 36,563 shares of Class A Common Stock of the Issuer, respectively, at a weighted average price of $10.00. These shares were sold in multiple transactions at prices ranging from $9.95 to $10.10. 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.