Hans Tung - May 18, 2021 Form 4 Insider Report for Poshmark, Inc. (POSH)

Role
Director
Signature
/s/ Evan Ferl, Attorney-in-Fact
Stock symbol
POSH
Transactions as of
May 18, 2021
Transactions value $
-$5,897,294
Form type
4
Date filed
8/31/2021, 09:54 PM
Next filing
Jun 10, 2021

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 +181K $0.00 181K May 18, 2021 GGV Capital V Entrepreneurs Fund L.P F1, F2
transaction POSH Class A Common Stock Conversion of derivative security $0 +4.94M $0.00 4.94M May 18, 2021 GGV Capital V L.P. F1, F3
transaction POSH Class A Common Stock Sale -$61.1K -2.14K -1.18% $28.52 179K Aug 27, 2021 GGV Capital V Entrepreneurs Fund L.P F2, F4
transaction POSH Class A Common Stock Sale -$1.66M -58.4K -1.18% $28.52 4.89M Aug 27, 2021 GGV Capital V L.P. F3, F4
transaction POSH Class A Common Stock Sale -$43.2K -1.51K -0.84% $28.64 178K Aug 30, 2021 GGV Capital V Entrepreneurs Fund L.P F2, F5
transaction POSH Class A Common Stock Sale -$1.18M -41.1K -0.84% $28.64 4.85M Aug 30, 2021 GGV Capital V L.P. F3, F5
transaction POSH Class A Common Stock Sale -$50.3K -1.72K -0.97% $29.25 176K Aug 30, 2021 GGV Capital V Entrepreneurs Fund L.P F2, F6
transaction POSH Class A Common Stock Sale -$1.37M -46.9K -0.97% $29.25 4.8M Aug 30, 2021 GGV Capital V L.P. F3, F6
transaction POSH Class A Common Stock Sale -$54.2K -1.88K -1.07% $28.88 174K Aug 31, 2021 GGV Capital V Entrepreneurs Fund L.P F2, F7
transaction POSH Class A Common Stock Sale -$1.48M -51.1K -1.07% $28.88 4.75M Aug 31, 2021 GGV Capital V L.P. F3, 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 -181K -100% $0.00* 0 May 18, 2021 Class A Common Stock 181K GGV Capital V Entrepreneurs Fund L.P. F1, F2, F8
transaction POSH Class B Common Stock Conversion of derivative security $0 -4.94M -100% $0.00* 0 May 18, 2021 Class A Common Stock 4.94M GGV Capital V L.P. F1, F3, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the voluntary conversion of Class B Common Stock into Class A Common Stock.
F2 The shares are held directly by GGV Capital V Entrepreneurs Fund L.P. The Reporting Person is a Managing Partner of GGV Capital V L.L.C., which is the general partner of GGV Capital V Entrepreneurs Fund L.P., and the Reporting Person may be deemed to share voting and investment powers with regard to the securities held directly by such entity. The Reporting Person disclaims beneficial ownership of the securities held by such entity except to the extent of his pecuniary interest therein.
F3 The shares are held directly by GGV Capital V L.P. The Reporting Person is a managing director of GGV Capital V L.L.C., which is the general partner of GGV Capital V L.P., and the Reporting Person may be deemed to share voting and investment powers with regard to the securities held directly by such entity. The Reporting Person disclaims beneficial ownership of the securities held by such entity except to the extent of his pecuniary interest therein.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.80 to $28.76, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.85 to $28.83, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.85 to $29.50, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.47 to $29.19, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F8 Each share of Class B Common Stock was convertible into one share of Class A Common Stock at the option of the Reporting Person.