Andrew Braccia - Nov 16, 2021 Form 3 Insider Report for UserTesting, Inc. (USER)

Role: Director, 10%+ Owner
Signature: /s/ Ambyr O'Donnell as attorney-in-fact for Andrew Braccia
Stock symbol: USER
Transactions as of: Nov 16, 2021
Transactions value $: $0
Form type: 3
Date filed: 11/16/2021, 05:31 PM
Previous filing: Jul 21, 2021
Next filing: Nov 22, 2021

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
holding	USER	Series C Convertible Preferred Stock							Nov 16, 2021	Common Stock	17.7M		By Accel Growth Fund III LP	F1, F2
holding	USER	Series D Convertible Preferred Stock							Nov 16, 2021	Common Stock	2.48M		By Accel Growth Fund III LP	F1, F2
holding	USER	Series E Convertible Preferred Stock							Nov 16, 2021	Common Stock	2.59M		By Accel Growth Fund III LP	F1, F2
holding	USER	Series F Convertible Preferred Stock							Nov 16, 2021	Common Stock	3.99M		By Accel Growth Fund III LP	F1, F2
holding	USER	Series C Convertible Preferred Stock							Nov 16, 2021	Common Stock	835K		By Accel Growth Fund III Strategic Partners LP	F1, F3
holding	USER	Series D Convertible Preferred Stock							Nov 16, 2021	Common Stock	117K		By Accel Growth Fund III Strategic Partners LP	F1, F3
holding	USER	Series E Convertible Preferred Stock							Nov 16, 2021	Common Stock	122K		By Accel Growth Fund III Strategic Partners LP	F1, F3
holding	USER	Series F Convertible Preferred Stock							Nov 16, 2021	Common Stock	188K		By Accel Growth Fund III Strategic Partners LP	F1, F3
holding	USER	Series C Convertible Preferred Stock							Nov 16, 2021	Common Stock	1.17M		By Accel Growth Fund Investors 2014 LLC	F1, F4
holding	USER	Series D Convertible Preferred Stock							Nov 16, 2021	Common Stock	164K		By Accel Growth Fund Investors 2014 LLC	F1, F4
holding	USER	Series E Convertible Preferred Stock							Nov 16, 2021	Common Stock	171K		By Accel Growth Fund Investors 2014 LLC	F1, F4
holding	USER	Series F Convertible Preferred Stock							Nov 16, 2021	Common Stock	264K		By Accel Growth Fund Investors 2014 LLC	F1, F4

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

Explanation of Responses:

Id	Content
F1	Each share of the Issuer's Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock and Series F Preferred Stock will automatically convert into one (1) share of the Issuer's Common Stock immediately upon the closing of the Issuer's initial public offering and has no expiration date.
F2	The reported securities are held by the Accel Growth Fund III LP ("Accel III"). Accel Growth Fund III Associates L.L.C. ("Accel Growth Associates") is the general partner of Accel III. Accel Growth Associates has sole voting and dispositive power with regard to the securities held by Accel III. The Reporting Person is a managing member, together with Sameer Gandhi, Ping Li, Tracy Sedlock, Ryan Sweeney and Richard Wong, of Accel Growth Associates and therefore may be deemed to also share voting and dispositive power with regard to the securities held by Accel III. The Reporting Person disclaims beneficial ownership over the securities held by Accel III except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.
F3	The reported securities are held by the Accel Growth Fund III Strategic Partners LP ("Accel III Partners"). Accel Growth Associates is the general partner of Accel III Partners. Accel Growth Associates has sole voting and dispositive power with regard to the securities held by Accel III Partners. The Reporting Person is a managing member, together with Sameer Gandhi, Ping Li, Tracy Sedlock, Ryan Sweeney and Richard Wong, of Accel Growth Associates and therefore may be deemed to also share voting and dispositive power with regard to the securities held by Accel III Partners. The Reporting Person disclaims beneficial ownership over the securities held by Accel III Partners except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.
F4	The reported securities are held by Accel Growth Fund Investors 2014 L.L.C. ("Accel 2014"). The Reporting Person is a managing member, together with Sameer Gandhi, Ping Li, Tracy Sedlock, Ryan Sweeney and Richard Wong, of Accel 2014 and therefore may be deemed to also share voting and dispositive power with regard to the securities held by Accel 2014. The Reporting Person disclaims beneficial ownership over the securities held by Accel 2014 except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.