Elisa Steele - Aug 13, 2021 Form 4 Insider Report for Bumble Inc. (BMBL)

Role
Director
Signature
/s/ Jiah Ham, Attorney-in-Fact
Stock symbol
BMBL
Transactions as of
Aug 13, 2021
Transactions value $
-$44
Form type
4
Date filed
8/17/2021, 04:30 PM
Previous filing
Jun 21, 2021
Next filing
Aug 27, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BMBL Class A Common Stock Options Exercise +9.13K 9.13K Aug 13, 2021 Direct F1

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 BMBL Incentive Units of Buzz Holdings L.P. Options Exercise $0 -12K -12% $0.00 87.9K Aug 13, 2021 Class A Common Stock 12K $11.64 Direct F2
transaction BMBL Common Units of Buzz Holdings L.P. Options Exercise $140K +12K $11.64 12K Aug 13, 2021 Class A Common Stock 12K Direct F1, F2
transaction BMBL Common Units of Buzz Holdings L.P. Tax liability -$140K -2.86K -23.89% $48.74 9.13K Aug 13, 2021 Class A Common Stock 2.86K Direct F1, F3
transaction BMBL Common Units of Buzz Holdings L.P. Options Exercise $0 -9.13K -100% $0.00* 0 Aug 13, 2021 Class A Common Stock 9.13K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the terms of an exchange agreement, dated as of February 10, 2021, common units of Buzz Holdings L.P. ("Common Units") held by the Reporting Person are exchangeable for shares of the issuer's Class A common stock ("Class A Common Stock") on a one-for-one basis. These exchange rights do not expire.
F2 Reflects Incentive Units of Buzz Holdings L.P. ("Incentive Units") which are profits interests that are economically similar to stock appreciation rights. Vested Incentive Units are convertible, at the holder's election, into Common Units pursuant to the terms thereof, which then shall be exchangeable for Class A Common Stock on a one-for-one basis. Of the original amount of 99,904 Incentive Units originally reported, 59,943 are time-based Incentive Units, which vest in five equal annual installments beginning on July 1, 2021. The remaining portion of these Incentive Units vests upon satisfaction of certain vesting events more fully described in the issuer's Registration Statement on Form S-1 (File No. 333-252124). Any unexercised Incentive Units will automatically be converted into Common Units on February 10, 2028.
F3 Reflects Common Units deemed to be withheld in connection with the exchange of Incentive Units described herein.