4//SEC Filing
Lerer Benjamin 4
Accession 0001598674-22-000025
CIK 0001598674other
Filed
Jan 25, 7:00 PM ET
Accepted
Jan 26, 4:14 PM ET
Size
384.9 KB
Accession
0001598674-22-000025
Insider Transaction Report
Form 4
Lerer Benjamin
Director
Transactions
- Disposition to Issuer
Common Stock
2022-01-25$6.90/sh−33,394$230,419→ 0 total - Disposition to Issuer
Common Stock
2022-01-25$6.90/sh−1,291,937$8,914,365→ 0 total(indirect: See Footnotes)
Footnotes (4)
- [F1]Reflects disposition in connection with the consummation of the transactions contemplated by the Agreement and Plan of Merger, dated as of November 14, 2021 (the "Merger Agreement"), by and among Casper Sleep Inc. (the "Issuer"), Marlin Parent, Inc. and Marlin Merger Sub, Inc. ("Merger Sub"). On January 25, 2022, upon the closing of the merger of Merger Sub with and into the Issuer (the "Merger") contemplated by the Merger Agreement, each share of common stock of the Issuer, par value $0.000001 per share, was cancelled and automatically converted into the right to receive an amount in cash equal to $6.90 (the "Merger Consideration"), without interest, subject to applicable withholding taxes.
- [F2]In accordance with the Merger Agreement, each restricted stock unit award ("RSU Award") of the Issuer outstanding immediately prior to the effective time of the Merger (whether vested or unvested) was cancelled and converted into the right to receive an amount in cash, subject to applicable withholding taxes, equal to the Merger Consideration multiplied by the number of shares of Issuer common stock subject to such RSU Award.
- [F3]Includes (i) 159,892 shares held by Lerer Hippeau Ventures CS, LLC ("Lerer CS"), (ii) 929,439 shares held by Lerer Ventures III, LP ("LV III"), (iii) 73,403 shares held by Lerer Ventures III-A, LLC ("LV III-A"), (iv) 56,773 shares held by Lerer Hippeau Ventures III-B, LP ("LV III-B" and together with LV III and LV III-A, the "LV III Entities") and (v) 72,430 shares held by Lerer Hippeau Ventures Select Fund, LP ("Lerer Select Fund").
- [F4]Lerer Hippeau Ventures CS Manager LLC is the manager of Lerer CS. Lerer Ventures III GP, LLC is the general partner of each of the LV III Entities. Lerer Hippeau Ventures Select Fund GP, LLC is the general partner of Lerer Select Fund. The Reporting Person is a managing partner of Lerer Hippeau Ventures, a manager of Lerer Hippeau Ventures CS Manager LLC, a manager of Lerer Ventures III GP, LLC and a managing member of Lerer Hippeau Ventures Select Fund GP, LLC. As a result, the Reporting Person may be deemed to share voting and dispositive powers over the shares held each of the foregoing entities. The Reporting Person disclaims beneficial ownership of the shares reported herein except to the extent of his pecuniary interest therein, if any.
Issuer
Casper Sleep Inc.
CIK 0001598674
Entity typeother
Related Parties
1- filerCIK 0001791893
Filing Metadata
- Form type
- 4
- Filed
- Jan 25, 7:00 PM ET
- Accepted
- Jan 26, 4:14 PM ET
- Size
- 384.9 KB