Revolution Management Co Llc - Aug 17, 2022 Form 4 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
Aug 17, 2022
Transactions value $
$0
Form type
4
Date filed
8/19/2022, 04:18 PM
Previous filing
Mar 17, 2022
Next filing
Oct 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ISPO Class A Common Stock Conversion of derivative security $0 +1M $0.00 1M Aug 17, 2022 By Revolution Portico Holdings LLC F1, F2
transaction ISPO Class V Common Stock Other $0 -1M -5.63% $0.00 16.8M Aug 17, 2022 By Revolution Portico Holdings LLC F1, F2, F3
holding ISPO Class A Common Stock 399K Aug 17, 2022 By Alps Investment Holdings LLC F4
holding ISPO Class V Common Stock 1.13M Aug 17, 2022 By Exclusive Resorts LLC F3, F5

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 ISPO Common Units Conversion of derivative security -1M -5.63% 16.8M Aug 17, 2022 Class A Common Stock 1M By Revolution Portico Holdings LLC F1, F2, F6
holding ISPO Common Units 1.13M Aug 17, 2022 Class A Common Stock 1.13M By Exclusive Resorts LLC F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the exchange of Common Units ("Common Units") of Inspirato LLC ("Inspirato"), a direct subsidiary of the Issuer, for shares of Class A Common Stock and the cancellation of an equivalent number of shares of Class V Common Stock in connection therewith.
F2 Securities are held directly by Revolution Portico Holdings LLC ("Portico"). Revolution Management Company LLC ("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.
F3 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.
F4 Shares are held directly by Alps Investment Holdings LLC ("Alps"). 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.
F5 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.
F6 Represents Common Units of Inspirato. Pursuant to the Ninth Amended and Restated Limited Liability Agreement of Inspirato, 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.