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

Role
10%+ Owner
Signature
GGV Capital V L.L.C., By: /s/ Hans Tung, Managing Director
Stock symbol
POSH
Transactions as of
May 18, 2021
Transactions value $
-$5,897,301
Form type
4
Date filed
8/31/2021, 09:53 PM
Next filing
Sep 2, 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 +181K 181K May 18, 2021 See Footnote F1, F2
transaction POSH Class A Common Stock Conversion of derivative security +4.94M 4.94M May 18, 2021 See Footnote F1, F3
transaction POSH Class A Common Stock Sale -$61.1K -2.14K -1.18% $28.52 179K Aug 27, 2021 See Footnote F2, F4
transaction POSH Class A Common Stock Sale -$1.66M -58.4K -1.18% $28.52 4.89M Aug 27, 2021 See Footnote F3, F4
transaction POSH Class A Common Stock Sale -$43.2K -1.51K -0.84% $28.64 178K Aug 30, 2021 See Footnote F2, F5
transaction POSH Class A Common Stock Sale -$1.18M -41.1K -0.84% $28.64 4.85M Aug 30, 2021 See Footnote F3, F5
transaction POSH Class A Common Stock Sale -$50.3K -1.72K -0.97% $29.25 176K Aug 30, 2021 See Footnote F2, F6
transaction POSH Class A Common Stock Sale -$1.37M -46.9K -0.97% $29.25 4.8M Aug 30, 2021 See Footnote F3, F6
transaction POSH Class A Common Stock Sale -$54.2K -1.88K -1.07% $28.88 174K Aug 31, 2021 See Footnote F2, F7
transaction POSH Class A Common Stock Sale -$1.48M -51.1K -1.07% $28.88 4.75M Aug 31, 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 -181K -100% $0.00* 0 May 18, 2021 Class A Common Stock 181K See Footnote F1, F2
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 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.