Foundry Group Select Fund, L.P. - Jul 3, 2023 Form 4 Insider Report for Oblong, Inc. (OBLG)

Role
10%+ Owner
Signature
Foundry Group Select Fund, L.P., by: Foundry Select Fund GP, LLC, by /s/ Bradley A. Feld, Managing Member
Stock symbol
OBLG
Transactions as of
Jul 3, 2023
Transactions value $
$0
Form type
4
Date filed
7/5/2023, 04:22 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OBLG Common Stock Other -85K -77.83% 24.2K Jul 3, 2023 By Foundry?Venture Capital 2007, L.P. F1, F2, F3
transaction OBLG Common Stock Other -322K -77.83% 91.6K Jul 3, 2023 By Foundry Group Select Fund, L.P. F2, F4, 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 OBLG Warrant (Right to Buy) Other +85K 85K Jul 3, 2023 Common Stock 85K $0.00 By Foundry?Venture Capital 2007, L.P. F1, F3, F6
transaction OBLG Warrant (Right to Buy) Other +322K 322K Jul 3, 2023 Common Stock 322K $0.00 By Foundry Group Select Fund, L.P. F1, F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Foundry Group Select Fund, 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 Foundry Venture Capital 2007, L.P. ("Foundry 2007") entered into an Exchange Agreement with the Issuer pursuant to which Foundry 2007 exchanged, on a 1:1 basis, 85,017 shares of the Issuer's Common Stock for an equal number of prefunded warrants, each to purchase one share of the Issuer's Common Stock at an exercise price of $0.0001 per share (each a "Pre-Funded Warrant").
F2 The number of securities reported gives effect to a 1-for-15 reverse stock split of the Issuer's Common Stock, which was effected on January 3, 2023.
F3 Securities are held directly by Foundry Venture Capital 2007, L.P. ("Foundry 2007"). Foundry Venture 2007, LLC ("Foundry Venture") is the general partner of Foundry 2007. Bradley Feld, Seth Levine and Ryan McIntyre (collectively, the "Managing Members") are the managing members of Foundry Venture and may be deemed to share voting and dispositive power with respect to the securities held by Foundry 2007. Accordingly, each of Foundry Venture and the Managing Members may be deemed to beneficially own the securities held by Foundry 2007, but each disclaims beneficial ownership of such securities except to the extent of its or his respective pecuniary interest therein.
F4 Foundry Group Select Fund, L.P. ("Foundry Select") entered into an Exchange Agreement with the Issuer pursuant to which Foundry Select exchanged, on a 1:1 basis, 321,759 shares of the Issuer's Common Stock for an equal number of Pre-Funded Warrants.
F5 Securities are held directly by Foundry Group Select Fund, L.P. ("Foundry Select"). Foundry Select Fund GP, LLC ("Foundry Select GP") is the general partner of Foundry Select. The Managing Members are the managing members of Foundry Select GP and may be deemed to share voting and dispositive power with respect to the securities held by Foundry Select. Accordingly, each of Foundry Select GP and the Managing Members may be deemed to beneficially own the securities held by Foundry Select, but each disclaims beneficial ownership of such securities except to the extent of its or his respective pecuniary interest therein.
F6 The Pre-Funded Warrants have no expiration date and are exercisable immediately. Notwithstanding the foregoing, the Reporting Persons shall not be entitled to exercise the Pre-Funded Warrant if it would cause the aggregate number of shares of Common Stock beneficially owned by the Reporting Persons, their affiliates and any persons who are members of a Section 13(d) group with the Reporting Persons or their affiliates to exceed 4.99% of the total number of issued and outstanding shares of Common Stock of the Issuer following such exercise.