Edenbrook Capital, LLC - Nov 19, 2021 Form 4 Insider Report for BRIGHTCOVE INC (BCOV)

Role
10%+ Owner
Signature
Edenbrook Capital, LLC; By: /s/ Jonathan Brolin, Managing Member
Stock symbol
BCOV
Transactions as of
Nov 19, 2021
Transactions value $
$2,370
Form type
4
Date filed
11/22/2021, 03:31 PM
Previous filing
Nov 15, 2021
Next filing
Nov 23, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BCOV Common Stock, par value $0.0001 4.64M Nov 19, 2021 See footnotes

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 BCOV Call Option (Right to Buy) Purchase $991 +2K $0.50* 2K Nov 19, 2021 Common Stock 200K $15.00 See Footnote F1, F2, F3
transaction BCOV Call Option (Right to Buy) Purchase $1.38K +2K $0.69 2K Nov 19, 2021 Common Stock 200K $15.00 See Footnote F1, F2, F3
holding BCOV Put Option (Obligation to Buy) 2K Nov 19, 2021 Common Stock 200K $9.00 See Footnote F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The securities reported herein are held in the accounts of private funds. Edenbrook Capital, LLC may be deemed to be a beneficial owner of such securities by virtue of its role as the investment manager of such private funds. Jonathan Brolin may be deemed to be a beneficial owner of such securities by virtue of his role as managing member of Edenbrook Capital, LLC. Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 3 except to the extent of its pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
F2 The private funds managed by Edenbrook Capital, LLC bought 2,000 call option contracts expiring in April 2022 and 2,000 call option contracts expiring in July 2022, which provide that the private funds have the right to buy additional shares of Common Stock at the stated price.
F3 Price shown equals per share option premium. Each contract represents 100 shares.