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

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.