Andreessen Horowitz Fund IV, L.P. - Feb 15, 2024 Form 4 Insider Report for Starco Brands, Inc. (STCB)

Role
10%+ Owner
Signature
Andreessen Horowitz Fund IV, L.P., for itself and as nominee for Andreessen Horowitz Fund IV-A, L.P., Andreessen Horowitz Fund IV-B, L.P., Andreessen Horowitz Fund IV-Q, L.P.; By AH Equity Partners IV, L.L.C., its General Partner; By /s/ Phil Hathaway COO
Stock symbol
STCB
Transactions as of
Feb 15, 2024
Transactions value $
$0
Form type
4
Date filed
12/2/2024, 05:00 PM
Previous filing
Sep 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STCB Class A Common Stock Other +31.4M +64.59% 80M Feb 15, 2024 By Andreessen Horowitz Fund IV, L.P. F1, F2
transaction STCB Class A Common Stock Other +6.5M +72.96% 15.4M Feb 15, 2024 By AH Parallel Fund IV, L.P. F1, F3
transaction STCB Class A Common Stock Other +4.07M 4.07M Feb 15, 2024 By Andreessen Horowitz Fund III, L.P. F1, F4
transaction STCB Class A Common Stock Other +88K +72.96% 209K Feb 15, 2024 By a16z Seed-III, LLC F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Persons received these securities, effective February 15, 2024, as earn-out shares in connection with the sale of Soylent Nutrition, Inc., which the Issuer acquired by merger on February 15, 2023. The right to receive these earn-out shares became fixed and irrevocable on February 15, 2023 (as modified on March 14, 2024). The Reporting Persons are eligible to receive additional earn-out shares, at no additional cost, on May 15, 2025, if the volume-weighted average trading price of the Issuer's Class A Common Stock for the 30-trading day period ending May 15, 2025 is less than $0.35 per share.
F2 These shares are held of record by Andreessen Horowitz Fund IV, L.P. ("AH Fund IV"), for itself and as nominee for Andreessen Horowitz Fund IV-A, L.P., Andreessen Horowitz Fund IV-B, L.P., and Andreessen Horowitz Fund IV-Q, L.P. AH Equity Partners IV, L.L.C. ("AH EP IV"), the general partner of AH Fund IV, may be deemed to have sole power to vote and dispose of these shares. Marc Andreessen and Benjamin Horowitz, the managing members of AH EP IV, may be deemed to have shared power to vote and dispose of these shares. Each of the Reporting Persons disclaims the existence of a "group" and disclaims beneficial ownership of the securities held of record by AH Fund IV and this report shall not be deemed an admission that such person is the beneficial owner of such securities, except to the extent of such person's pecuniary interest therein, if any.
F3 These shares are held of record by AH Parallel Fund IV, L.P. ("AH Parallel Fund IV"), for itself and as nominee for AH Parallel Fund IV-A, L.P., AH Parallel Fund IV-B, L.P., and AH Parallel Fund IV-Q, L.P. AH Equity Partners IV (Parallel), L.L.C. ("AH EP Parallel IV"), the general partner of AH Parallel Fund IV, may be deemed to have sole power to vote and dispose of these shares. Marc Andreessen and Benjamin Horowitz, the managing members of AH EP Parallel IV, may be deemed to have shared power to vote and dispose of these shares. Each of the Reporting Persons disclaims the existence of a "group" and disclaims beneficial ownership of the securities held of record by AH Parallel Fund IV and this report shall not be deemed an admission that such person is the beneficial owner of such securities, except to the extent of such person's pecuniary interest therein, if any.
F4 These shares are held of record by Andreessen Horowitz Fund III, L.P. ("AH Fund III"), for itself and as nominee for Andreessen Horowitz Fund III-A, L.P., Andreessen Horowitz Fund III-B, L.P., and Andreessen Horowitz Fund III-Q, L.P. (collectively, the "AH Fund III Entities"). AH Equity Partners III, L.L.C. ("AH EP III"), the general partner of AH Fund III, may be deemed to have sole power to vote and dispose of these shares. Marc Andreessen and Benjamin Horowitz, the managing members of AH EP III, may be deemed to have shared power to vote and dispose of these shares. Each of the Reporting Persons disclaims the existence of a "group" and disclaims beneficial ownership of the securities held of record by AH Fund III and this report shall not be deemed an admission that such person is the beneficial owner of such securities, except to the extent of such person's pecuniary interest therein, if any.
F5 These shares are held of record by a16z Seed-III, LLC ("a16z Seed"). The members of a16z Seed are the AH Fund III Entities. AH EP III, the general partner of the AH Fund III Entities, may be deemed to have sole power to vote and dispose of the these shares. Marc Andreessen and Benjamin Horowitz, the managing members of AH EP III, may be deemed to have shared power to vote and dispose of these shares. Each of the Reporting Persons disclaims the existence of a "group" and disclaims beneficial ownership of the securities held of record by a16z Seed and this report shall not be deemed an admission that such person is the beneficial owner of such securities, except to the extent of such person's pecuniary interest therein, if any.