Revolution Management Co Llc - Feb 11, 2022 Form 3 Insider Report for Inspirato Inc (ISPO)

Role
10%+ Owner
Signature
Revolution Management Company LLC, By /s/ Stephen M. Case, Manager
Stock symbol
ISPO
Transactions as of
Feb 11, 2022
Transactions value $
$0
Form type
3
Date filed
2/22/2022, 03:48 PM
Next filing
Mar 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ISPO Class A Common Stock 500K Feb 11, 2022 By Alps Investment Holdings LLC F1
holding ISPO Class V Common Stock 17.8M Feb 11, 2022 By Revolution Portico Holdings LLC F2, F3
holding ISPO Class V Common Stock 1.13M Feb 11, 2022 By Exclusive Resorts LLC F2, F4

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
holding ISPO Common Units Feb 11, 2022 Class A Common Stock 17.8M By Revolution Portico Holdings LLC F3, F5
holding ISPO Common Units Feb 11, 2022 Class A Common Stock 1.13M By Exclusive Resorts LLC F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares are held directly by Alps Investment Holdings LLC ("Alps"). Revolution Management Company LLC ("Revolution") is the manager of Alps and may be deemed to beneficially own the shares held by Alps. Stephen M. Case is the manager of Revolution, and may be deemed to share voting and investment power over the shares held by Alps. Each of Revolution and Mr. Case disclaims beneficial ownership of these shares except to the extent of its or his respective pecuniary interest therein.
F2 Shares of Class V Common Stock are entitled to voting rights but are not entitled to any economic rights. Upon the redemption or exchange of Common Units, an equivalent number of shares of Class V Common Stock will be canceled.
F3 Securities are held directly by Revolution Portico Holdings LLC ("Portico"). Revolution is the manager of Portico and may be deemed to beneficially own the shares held by Portico. Stephen M. Case is the manager of Revolution, and may be deemed to share voting and investment power over the shares held by Portico. Each of Revolution and Mr. Case disclaims beneficial ownership of these shares except to the extent of its or his respective pecuniary interest therein.
F4 Securities are held directly by Exclusive Resorts LLC ("Exclusive"). Revolution is the manager of Exclusive and may be deemed to beneficially own the shares held by Exclusive. Stephen M. Case is the manager of Revolution, and may be deemed to share voting and investment power over the shares held by Exclusive. Each of Revolution and Mr. Case disclaims beneficial ownership of these shares except to the extent of its or his respective pecuniary interest therein.
F5 Represents common units ("Common Units") of Inspirato LLC, a direct subsidiary of the Issuer. Pursuant to the Ninth Amended and Restated Limited Liability Agreement of Inspirato LLC, the Reporting Person has the right to redeem the Common Units, from time to time for, at the election of the Issuer, newly-issued Class A Common Stock of the Issuer on a one-for-one basis or a corresponding amount of cash; provided, that the Issuer may elect to effect a direct exchange of Class A Common Stock for such Common Units. In connection with any redemption or exchange of Common Units, a corresponding number of shares of Class V Common Stock of the Issuer will be canceled.