Henrik Werdelin - Jun 1, 2021 Form 4 Insider Report for Original Bark Co (BARK)

Role
Chief Strategy Officer, Director
Signature
/s/ Matthew S. Miller, Attorney-in-Fact
Stock symbol
BARK
Transactions as of
Jun 1, 2021
Transactions value $
$0
Form type
4
Date filed
6/3/2021, 08:27 PM
Next filing
Mar 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BARK Common Stock Award +18.7K 18.7K Jun 1, 2021 Direct F1
transaction BARK Common Stock Award +11M 11M Jun 1, 2021 By LLC F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BARK Stock Option (right to buy) Award $0 +792K $0.00 792K Jun 1, 2021 Common Stock 792K $1.02 Direct F3
transaction BARK Stock Option (right to buy) Award $0 +874K $0.00 874K Jun 1, 2021 Common Stock 874K $1.37 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Common Stock were received in exchange for shares of common stock of Barkbox, Inc. ("BARK") in connection with the merger of BARK with and into a wholly owned subsidiary of the Issuer (the "Merger"), which were issued in connection with the conversion of BARK's convertible promissory notes held by the Reporting Person.. On the closing date of the Merger, the price of the Company's Common Stock was $11.24 per share.
F2 The shares of Common Stock were received in exchange for 1,262,831 shares of common stock of BARK in connection with the Merger. The shares are held by Prehype Ventures LLC. The Reporting Person is the managing member of Prehype Ventures LLC and has sole voting and investment power with regard to the shares held by Prehype Ventures LLC.
F3 The Stock Option was received in exchange for an option to purchase 90,630 shares of common stock of BARK in connection with the Merger. The Stock Option is fully vested.
F4 The Stock Option was received in exchange for an option to purchase 100,000 shares of common stock of BARK in connection with the Merger. The Stock Option shall vest over a four-year period in 48 equal monthly installments after July 1, 2019, provided, that the Reporting Person remains in continuous service on each such vesting date. The Stock Option is also subject to acceleration in the event the Reporting Person is subject to a qualifying involuntary termination of employment in connection with the sale of the Issuer.