Hans Tung - Sep 1, 2021 Form 4 Insider Report for Poshmark, Inc. (POSH)

Role
Director
Signature
/s/ Evan Ferl, Attorney-in-Fact
Stock symbol
POSH
Transactions as of
Sep 1, 2021
Transactions value $
-$5,252,756
Form type
4
Date filed
9/2/2021, 09:11 PM
Previous filing
Jun 10, 2021
Next filing
Sep 8, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction POSH Class A Common Stock Sale -$91K -3.09K -1.77% $29.42 171K Sep 1, 2021 GGV Capital V Entrepreneurs Fund L.P F1, F2
transaction POSH Class A Common Stock Sale -$2.48M -84.3K -1.78% $29.42 4.66M Sep 1, 2021 GGV Capital V L.P. F1, F3
transaction POSH Class A Common Stock Sale -$66.4K -2.37K -1.39% $27.98 169K Sep 2, 2021 GGV Capital V Entrepreneurs Fund L.P F2, F4
transaction POSH Class A Common Stock Sale -$1.81M -64.7K -1.39% $27.98 4.6M Sep 2, 2021 GGV Capital V L.P. F3, F4
transaction POSH Class A Common Stock Sale -$28.5K -992 -0.59% $28.78 168K Sep 2, 2021 GGV Capital V Entrepreneurs Fund L.P F2, F5
transaction POSH Class A Common Stock Sale -$778K -27K -0.59% $28.78 4.57M Sep 2, 2021 GGV Capital V L.P. F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.02 to $30.00, 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.
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 $27.58 to $28.57, 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 $28.58 to $29.06, 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.