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

Role
Director
Signature
/s/ Jiah Ham, Attorney-in-Fact
Issuer symbol
BMBL
Transactions as of
13 Aug 2021
Net transactions value
-$44.27
Form type
4
Filing time
17 Aug 2021, 16:30:36 UTC
Previous filing
21 Jun 2021
Next filing
27 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BMBL Class A Common Stock Options Exercise +9,125 9,125 13 Aug 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 -11,989 -12% $0.000000 87,915 13 Aug 2021 Class A Common Stock 11,989 $11.64 Direct F2
transaction BMBL Common Units of Buzz Holdings L.P. Options Exercise $139,552 +11,989 $11.64 11,989 13 Aug 2021 Class A Common Stock 11,989 Direct F1, F2
transaction BMBL Common Units of Buzz Holdings L.P. Tax liability $139,596 -2,864 -24% $48.74 9,125 13 Aug 2021 Class A Common Stock 2,864 Direct F1, F3
transaction BMBL Common Units of Buzz Holdings L.P. Options Exercise $0 -9,125 -100% $0.000000* 0 13 Aug 2021 Class A Common Stock 9,125 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.