Inventus Capital Partners Fund I LP - 12 Jul 2021 Form 4 Insider Report for Poshmark, Inc.

Role
10%+ Owner
Signature
/s/ John Dougery, Jr., General Partner
Issuer symbol
N/A
Transactions as of
12 Jul 2021
Net transactions value
$0
Form type
4
Filing time
14 Jul 2021, 19:05:55 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction POSH Class A Common Stock Conversion of derivative security $0 +3,710,090 $0.000000 3,710,090 12 Jul 2021 See Footnote F1, F2
transaction POSH Class A Common Stock Conversion of derivative security $0 +2,153,377 $0.000000 2,153,377 12 Jul 2021 See Footnote F1, F3
transaction POSH Class A Common Stock Conversion of derivative security $0 +915,651 $0.000000 915,651 12 Jul 2021 See Footnote F1, F4
transaction POSH Class A Common Stock Other $0 -3,644,551 -98% $0.000000 65,539 12 Jul 2021 See Footnote F2, F5
transaction POSH Class A Common Stock Other $0 -2,153,377 -100% $0.000000* 0 12 Jul 2021 See Footnote F3, F6
transaction POSH Class A Common Stock Other $0 -909,097 -99% $0.000000 6,554 12 Jul 2021 See Footnote F4, F7

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 POSH Class B Common Stock Conversion of derivative security $0 -3,710,090 -100% $0.000000* 0 12 Jul 2021 Class A Common Stock 3,710,090 See Footnote F1, F2, F8
transaction POSH Class B Common Stock Conversion of derivative security $0 -2,153,377 -100% $0.000000* 0 12 Jul 2021 Class A Common Stock 2,153,377 See Footnote F1, F3, F8
transaction POSH Class B Common Stock Conversion of derivative security $0 -915,651 -100% $0.000000* 0 12 Jul 2021 Class A Common Stock 915,651 See Footnote F1, F4, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Inventus Capital Partners Fund I LP is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents the conversion, on a one-for-one basis, of Class B Common Stock into Class A Common Stock.
F2 The securities are held by Inventus Capital Partners Fund I L.P., a Cayman Islands Exempted Limited Partnership, or ICP I. Inventus Capital Master Management I, Ltd, a Cayman Islands Exempted Limited Partnership, or ICPMM I, is the general partner of Inventus Capital Management I, L.P., a Cayman Islands Exempted Limited Partnership, or ICPM I, which is the general partner of ICP I. John Dougery, Jr and Kanwal Rekhi are the directors of ICPMM I and ICPM II, and the managing members of ICPM Annex. As a result, each of the foregoing entities and individuals may be deemed to share beneficial ownership of the shares respectively owned by ICP I, ICP II, and ICP Annex, but each of the individuals disclaims such beneficial ownership, except to the extent of his or her proportionate pecuniary interest therein.
F3 The securities are held by Inventus Capital Partners Fund II Ltd., or ICP II. Inventus Capital Management II, Ltd, or ICPM II, is the General Partner of ICP II. John Dougery, Jr and Kanwal Rekhi are the directors of ICPMM I and ICPM II, and the managing members of ICPM Annex. As a result, each of the foregoing entities and individuals may be deemed to share beneficial ownership of the shares respectively owned by ICP I, ICP II, and ICP Annex, but each of the individuals disclaims such beneficial ownership, except to the extent of his or her proportionate pecuniary interest therein.
F4 The securities are held by Inventus Capital Co-Invest Annex Fund I L.P., a Delaware Limited Partnership, or ICP Annex. Inventus Capital Co-Invest Annex Management I, LLC, or ICPM Annex I, is the general partner of ICP Annex. John Dougery, Jr and Kanwal Rekhi are the directors of ICPMM I and ICPM II, and the managing members of ICPM Annex. As a result, each of the foregoing entities and individuals may be deemed to share beneficial ownership of the shares respectively owned by ICP I, ICP II, and ICP Annex, but each of the individuals disclaims such beneficial ownership, except to the extent of his or her proportionate pecuniary interest therein.
F5 ICP I made a pro rata distribution for no consideration of an aggregate of 3,644,551 shares of Class A Common Stock to its general and limited partners.
F6 ICP II made a pro rata distribution for no consideration of an aggregate of 2,153,377 shares of Class A Common Stock to its general and limited partners.
F7 ICP Annex made a pro rata distribution for no consideration of an aggregate of 909,097 shares of Class A Common Stock to its general and limited partners.
F8 Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the Reporting Person.