Bertram Growth Capital III, L.P. - May 16, 2023 Form 4 Insider Report for Solo Brands, Inc. (DTC)

Role: 10%+ Owner
Signature: Bertram Growth Capital III, L.P., by Bertram Growth Capital III (GP), L.P., its general partner, by Bertram Growth Capital III (GPLLC), L.L.C., its general partner, by /s/ Jeffrey M. Drazan, Manager
Stock symbol: DTC
Transactions as of: May 16, 2023
Transactions value $: -$24,517,250
Form type: 4
Date filed: 5/17/2023, 04:12 PM
Previous filing: Oct 28, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DTC	Class A Common Stock	Sale	-$16.4M	-3.28M	-60.76%	$5.00	2.12M	May 16, 2023	See footnote	F1, F2
transaction	DTC	Class A Common Stock	Sale	-$8.13M	-1.63M	-76.78%	$5.00	492K	May 16, 2023	See footnote	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Bertram Growth Capital III, L.P. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	On May 16, 2023, Bertram Growth Capital III, L.P. ("BGC III") sold 3,277,987 shares of Class A common stock (the "Class A common stock") of Solo Brands, Inc. (the "Issuer") in a registered underwritten public offering (the "Offering"), pursuant to that certain Underwriting Agreement, dated as of May 11, 2023, by and among the Issuer, Solo Stove Holdings, LLC, BGC III, the other selling stockholders named therein, and BofA Securities, Inc. and Jefferies LLC, as representatives of the other underwriters named therein. The price to the public in the Offering was $5.25 per share. The per share sale price reported in this Form 4 reflects underwriting discounts and commissions.
F2	BGC III is the direct owner of the shares of Class A common stock. Bertram Growth Capital III (GP), L.P. ("BGC III GP") is the general partner of BGC III. Bertram Growth Capital III (GPLLC), L.L.C. ("BGC III (GPLLC)") is the general partner of BGC III GP. Jeffrey M. Drazan is the manager of BGC III (GPLLC). As such, each of these entities and Mr. Drazan may be deemed to share beneficial ownership of the shares of Class A common stock held of record by BGC III. Each of BGC III GP, BGC III (GPLLC) and Mr. Drazan disclaims beneficial ownership of the shares of Class A common stock held of record by BGC III.
F3	On May 16, 2023, in connection with the closing of the Offering, BGC III sold 1,625,463 shares of Class A common stock to the Issuer, pursuant to that certain Stock Purchase Agreement, dated May 10, 2023, by and among the Issuer, BGC III and the other selling stockholders named therein, at a price of $5.00 per share.