Andrew Braccia - Nov 19, 2021 Form 4 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 19, 2021
Transactions value $
$0
Form type
4
Date filed
11/22/2021, 04:55 PM
Previous filing
Nov 16, 2021
Next filing
Jun 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction USER Common Stock Conversion of derivative security $0 +17.7M $0.00 17.7M Nov 19, 2021 By Accel Growth Fund III LP F1, F2
transaction USER Common Stock Conversion of derivative security $0 +2.48M +14% $0.00 20.2M Nov 19, 2021 By Accel Growth Fund III LP F1, F2
transaction USER Common Stock Conversion of derivative security $0 +2.59M +12.83% $0.00 22.7M Nov 19, 2021 By Accel Growth Fund III LP F1, F2
transaction USER Common Stock Conversion of derivative security $0 +3.99M +17.53% $0.00 26.7M Nov 19, 2021 By Accel Growth Fund III LP F1, F2
transaction USER Common Stock Conversion of derivative security $0 +835K $0.00 835K Nov 19, 2021 By Accel Growth Fund III Strategic Partners LP F1, F3
transaction USER Common Stock Conversion of derivative security $0 +117K +14% $0.00 952K Nov 19, 2021 By Accel Growth Fund III Strategic Partners LP F1, F3
transaction USER Common Stock Conversion of derivative security $0 +122K +12.83% $0.00 1.07M Nov 19, 2021 By Accel Growth Fund III Strategic Partners LP F1, F3
transaction USER Common Stock Conversion of derivative security $0 +188K +17.53% $0.00 1.26M Nov 19, 2021 By Accel Growth Fund III Strategic Partners LP F1, F3
transaction USER Common Stock Conversion of derivative security $0 +1.17M $0.00 1.17M Nov 19, 2021 By Accel Growth Fund Investors 2014 LLC F1, F4
transaction USER Common Stock Conversion of derivative security $0 +164K +14% $0.00 1.34M Nov 19, 2021 By Accel Growth Fund Investors 2014 LLC F1, F4
transaction USER Common Stock Conversion of derivative security $0 +171K +12.83% $0.00 1.51M Nov 19, 2021 By Accel Growth Fund Investors 2014 LLC F1, F4
transaction USER Common Stock Conversion of derivative security $0 +264K +17.53% $0.00 1.77M Nov 19, 2021 By Accel Growth Fund Investors 2014 LLC F1, F4

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 USER Series C Convertible Preferred Stock Conversion of derivative security $0 -17.7M -100% $0.00* 0 Nov 19, 2021 Common Stock 17.7M By Accel Growth Fund III LP F1, F2
transaction USER Series D Convertible Preferred Stock Conversion of derivative security $0 -2.48M -100% $0.00* 0 Nov 19, 2021 Common Stock 2.48M By Accel Growth Fund III LP F1, F2
transaction USER Series E Convertible Preferred Stock Conversion of derivative security $0 -2.59M -100% $0.00* 0 Nov 19, 2021 Common Stock 2.59M By Accel Growth Fund III LP F1, F2
transaction USER Series F Convertible Preferred Stock Conversion of derivative security $0 -3.99M -100% $0.00* 0 Nov 19, 2021 Common Stock 3.99M By Accel Growth Fund III LP F1, F2
transaction USER Series C Convertible Preferred Stock Conversion of derivative security $0 -835K -100% $0.00* 0 Nov 19, 2021 Common Stock 835K By Accel Growth Fund III Strategic Partners LP F1, F3
transaction USER Series D Convertible Preferred Stock Conversion of derivative security $0 -117K -100% $0.00* 0 Nov 19, 2021 Common Stock 117K By Accel Growth Fund III Strategic Partners LP F1, F3
transaction USER Series E Convertible Preferred Stock Conversion of derivative security $0 -122K -100% $0.00* 0 Nov 19, 2021 Common Stock 122K By Accel Growth Fund III Strategic Partners LP F1, F3
transaction USER Series F Convertible Preferred Stock Conversion of derivative security $0 -188K -100% $0.00* 0 Nov 19, 2021 Common Stock 188K By Accel Growth Fund III Strategic Partners LP F1, F3
transaction USER Series C Convertible Preferred Stock Conversion of derivative security $0 -1.17M -100% $0.00* 0 Nov 19, 2021 Common Stock 1.17M By Accel Growth Fund Investors 2014 LLC F1, F4
transaction USER Series D Convertible Preferred Stock Conversion of derivative security $0 -164K -100% $0.00* 0 Nov 19, 2021 Common Stock 164K By Accel Growth Fund Investors 2014 LLC F1, F4
transaction USER Series E Convertible Preferred Stock Conversion of derivative security $0 -171K -100% $0.00* 0 Nov 19, 2021 Common Stock 171K By Accel Growth Fund Investors 2014 LLC F1, F4
transaction USER Series F Convertible Preferred Stock Conversion of derivative security $0 -264K -100% $0.00* 0 Nov 19, 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 automatically converted into one (1) share of the Issuer's Common Stock, for no additional consideration, immediately prior to the closing of the Issuer's initial public offering of Common Stock (the "IPO") and had 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.