GGV Capital V L.L.C. - 18 May 2021 Form 4 Insider Report for Poshmark, Inc.

Role
10%+ Owner
Signature
GGV Capital V L.L.C., By: /s/ Hans Tung, Managing Director
Issuer symbol
N/A
Transactions as of
18 May 2021
Net transactions value
-$5,897,301
Form type
4
Filing time
31 Aug 2021, 21:53:24 UTC
Next filing
02 Sep 2021
SEC
View on sec.gov

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 +181,470 181,470 18 May 2021 See Footnote F1, F2
transaction POSH Class A Common Stock Conversion of derivative security +4,944,697 4,944,697 18 May 2021 See Footnote F1, F3
transaction POSH Class A Common Stock Sale $61,090 -2,142 -1.2% $28.52 179,328 27 Aug 2021 See Footnote F2, F4
transaction POSH Class A Common Stock Sale $1,664,228 -58,353 -1.2% $28.52 4,886,344 27 Aug 2021 See Footnote F3, F4
transaction POSH Class A Common Stock Sale $43,160 -1,507 -0.84% $28.64 177,821 30 Aug 2021 See Footnote F2, F5
transaction POSH Class A Common Stock Sale $1,175,930 -41,059 -0.84% $28.64 4,845,285 30 Aug 2021 See Footnote F3, F5
transaction POSH Class A Common Stock Sale $50,339 -1,721 -0.97% $29.25 176,100 30 Aug 2021 See Footnote F2, F6
transaction POSH Class A Common Stock Sale $1,372,030 -46,907 -0.97% $29.25 4,798,378 30 Aug 2021 See Footnote F3, F6
transaction POSH Class A Common Stock Sale $54,179 -1,876 -1.1% $28.88 174,224 31 Aug 2021 See Footnote F2, F7
transaction POSH Class A Common Stock Sale $1,476,346 -51,120 -1.1% $28.88 4,747,258 31 Aug 2021 See Footnote 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 -181,470 -100% $0.000000* 0 18 May 2021 Class A Common Stock 181,470 See Footnote F1, F2
transaction POSH Class B Common Stock Conversion of derivative security $0 -4,944,697 -100% $0.000000* 0 18 May 2021 Class A Common Stock 4,944,697 See Footnote F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Class B Common Stock was converted into one share of Class A Common Stock for no additional consideration at the option of the Reporting Person and had no expiration date.
F2 These shares are held by GGV Capital V Entrepreneurs Fund L.P. GGV Capital V L.L.C. is the general partner of GGV Capital V Entrepreneurs Fund L.P. and may be deemed to have voting and dispositive power over the shares held by GGV Capital V Entrepreneurs Fund L.P. GGV Capital V L.L.C. disclaims beneficial ownership of such shares, except to the extent of its proportionate pecuniary interest therein.
F3 These shares are held by GGV Capital V L.P. GGV Capital V L.L.C. is the general partner of GGV Capital V L.P. and may be deemed to have voting and dispositive power over the shares held by GGV Capital V L.P. GGV Capital V L.L.C. disclaims beneficial ownership of such shares, except to the extent of its proportionate 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.