Matthew S. Bromberg - May 8, 2023 Form 4 Insider Report for Bumble Inc. (BMBL)

Role
Director
Signature
/s/ Elizabeth Monteleone, Attorney-in-Fact
Stock symbol
BMBL
Transactions as of
May 8, 2023
Transactions value $
-$207,669
Form type
4
Date filed
5/10/2023, 07:39 PM
Previous filing
Oct 19, 2021
Next filing
Jun 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction BMBL Class A Common Stock +Options Exercise +12,096 12,096 May 8, 2023 Direct F1
transaction BMBL Class A Common Stock -Sell -$207,654 -12,096 -100% $17.17 0 May 10, 2023 Direct F4

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 -33,966 -34% $0.00 65,938 May 8, 2023 Class A Common Stock 33,966 $11.64 Direct F2
transaction BMBL Common Units of Buzz Holdings L.P. +Options Exercise $395,364 +33,966 $11.64 33,966 May 8, 2023 Class A Common Stock 33,966 Direct F1, F2
transaction BMBL Common Units of Buzz Holdings L.P. -Tax liability -$395,379 -21,870 -64.39% $18.08 12,096 May 8, 2023 Class A Common Stock 21,870 Direct F1, F3
transaction BMBL Common Units of Buzz Holdings L.P. -Options Exercise $0 -12,096 -100% $0.00 0 May 8, 2023 Class A Common Stock 12,096 Direct F1

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 Incentive Units vest in 36 equal monthly installments, with the first installment vesting on August 29, 2022, or earlier if affiliates of Blackstone Inc. receive cash proceeds in respect of their common equity in the Issuer and its subsidiaries as 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.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.1450 to $17.1775 per share, inclusive. The Reporting Person undertakes to provide to Bumble Inc., any security holder of Bumble Inc., or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.