| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | DIBS | Common Stock | Conversion of derivative security | +7.22M | 7.22M | Jun 14, 2021 | See footnotes | F1, F2, F3, F4 | |||
| transaction | DIBS | Common Stock | Conversion of derivative security | +87.2K | 87.2K | Jun 14, 2021 | See footnotes | F2, F3, F5, F6 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | DIBS | Series A Preferred Stock | Conversion of derivative security | $0 | -7.22M | -100% | $0.00* | 0 | Jun 14, 2021 | Common Stock | 7.22M | See footnotes | F1, F2, F3, F4 | |
| transaction | DIBS | Series B Preferred Stock | Conversion of derivative security | $0 | -87.2K | -100% | $0.00* | 0 | Jun 14, 2021 | Common Stock | 87.2K | See footnotes | F2, F3, F5, F6 |
| Id | Content |
|---|---|
| F1 | The Issuer's Series A Preferred Stock converted into Common Stock on a 1-for-1 basis immediately prior to the closing of the Issuer's initial public offering (the "IPO"). |
| F2 | The shares are held directly by (i) Benchmark Capital Partners V, L.P. ("BCP V") for itself and as nominee for Benchmark Founders' Fund V, L.P. ("BFF V"), Benchmark Founders' Fund V-A, L.P. ("BFF V-A"), Benchmark Founders' Fund V-B, L.P. ("BFF V-B") and related individuals and (ii) Benchmark Capital Partners VII, L.P. ("BCP VII") for itself and as nominee for Benchmark Founders' Fund VII, L.P. ("BFF VII") and Benchmark Founders' Fund VII-B, L.P. ("BFF VII-B"). Benchmark Capital Management Co. V, L.L.C. ("BCMC V"), the general partner of BCP V, BFF V, BFF V-A and BFF V-B, and Benchmark Capital Management Co. VII, L.L.C. ("BCMC VII"), the general partner for BCP VII, BFF VII and BFF VII-B may be deemed to have sole voting and dispositive power over the securities. |
| F3 | (Continued from Footnote 2) Alexandre Balkanski, Robert C. Kagle, Bruce W. Dunlevie, Peter H. Fenton, J. William Gurley, Kevin R. Harvey, Mitchell H. Lasky and Steven M. Spurlock are the managing members of BCMC V, and each of them may be deemed to share voting and dispositive power over the securities held by such entities. Matthew R. Cohler, a member of the Issuer's board of directors, Bruce W. Dunlevie, Peter H. Fenton, J. William Gurley, Kevin R. Harvey, Mitchell H. Lasky and Steven M. Spurlock are the managing members of BCMC VII, and each of them may be deemed to share voting and dispositive power over the securities held by such entities. Each such person and entity disclaims the existence of a "group" and disclaims beneficial ownership of the securities, except to the extent of such person's or entity's pecuniary interest in such securities. |
| F4 | Consists of 3,610,333 shares held of record by BCP V and 3,610,333 shares held of record by BCP VII. |
| F5 | The Issuer's Series B Preferred Stock converted into Common Stock on a 1-for-1 basis immediately prior to the closing of the Issuer's IPO. |
| F6 | Consists of 43,583 shares held of record by BCP V and 43,583 shares held of record by BCP VII. |
This report is one of three reports, each on a separate Form 3, but relating to the same holdings being filed by entities affiliated with Benchmark and their applicable members. The filing of this statement shall not be deemed an admission that the reporting person is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any equity securities covered by this statement.