MV Management XI, L.L.C. - 30 Jul 2021 Form 4 Insider Report for Poshmark, Inc.

Reporting relationship: 10%+ Owner
Issuer ticker: N/A
Reported as of: 30 Jul 2021
Net transaction value: -$4,961,703
SEC form: 4
Accepted by SEC: 03 Aug 2021, 21:25:47 UTC
Next SEC filing: 06 Aug 2021
Source filing: View source filing
Reporting owner signature: By: /s/ Venky Ganesan, Managing Member

Key filing fact

MV Management XI, L.L.C. filed Form 4 for Poshmark, Inc. on 03 Aug 2021.

Key facts

This page summarizes MV Management XI, L.L.C.'s Form 4 filing for Poshmark, Inc..
24 reported transactions and 4 derivative rows are listed below.
Accepted by SEC: 03 Aug 2021, 21:25.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: -$4,961,703.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

POSH transaction

Class A Common Stock

Conversion of derivative security

Transaction value: $0
Shares: +186,245
Change %
Price: $0.000000
Shares after: 186,245
Date: 30 Jul 2021
Ownership: See footnote
Footnotes: F1

POSH transaction

Class A Common Stock

Conversion of derivative security

Transaction value: $0
Shares: +4,826,295
Change %
Price: $0.000000
Shares after: 4,826,295
Date: 30 Jul 2021
Ownership: See footnote
Footnotes: F2

POSH transaction

Class A Common Stock

Conversion of derivative security

Transaction value: $0
Shares: +289,412
Change %
Price: $0.000000
Shares after: 289,412
Date: 30 Jul 2021
Ownership: See footnote
Footnotes: F3

POSH transaction

Class A Common Stock

Conversion of derivative security

Transaction value: $0
Shares: +4,706
Change %
Price: $0.000000
Shares after: 4,706
Date: 30 Jul 2021
Ownership: See footnote
Footnotes: F4

POSH transaction

Class A Common Stock

Other

Transaction value: $0
Shares: -186,245
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 30 Jul 2021
Ownership: See footnote
Footnotes: F1, F5

POSH transaction

Class A Common Stock

Other

Transaction value: $0
Shares: -4,826,295
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 30 Jul 2021
Ownership: See footnote
Footnotes: F2, F6

POSH transaction

Class A Common Stock

Other

Transaction value: $0
Shares: -693,032
Change %: -50%
Price: $0.000000
Shares after: 693,032
Date: 30 Jul 2021
Ownership: MV Management XI, L.L.C.
Footnotes: F7

POSH transaction

Class A Common Stock

Other

Transaction value: $0
Shares: -693,032
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 30 Jul 2021
Ownership: MV Management XI, L.L.C.
Footnotes: F8

POSH transaction

Class A Common Stock

Sale

Transaction value: $1,048,107
Shares: -28,551
Change %: -9.9%
Price: $36.71
Shares after: 260,861
Date: 02 Aug 2021
Ownership: See footnote
Footnotes: F3, F9

POSH transaction

Class A Common Stock

Sale

Transaction value: $16,997
Shares: -463
Change %: -9.8%
Price: $36.71
Shares after: 4,243
Date: 02 Aug 2021
Ownership: See footnote
Footnotes: F4, F9

POSH transaction

Class A Common Stock

Sale

Transaction value: $905,342
Shares: -24,008
Change %: -9.2%
Price: $37.71
Shares after: 236,853
Date: 02 Aug 2021
Ownership: See footnote
Footnotes: F3, F10

POSH transaction

Class A Common Stock

Sale

Transaction value: $14,782
Shares: -392
Change %: -9.2%
Price: $37.71
Shares after: 3,851
Date: 02 Aug 2021
Ownership: See footnote
Footnotes: F4, F10

POSH transaction

Class A Common Stock

Sale

Transaction value: $788,916
Shares: -20,486
Change %: -8.6%
Price: $38.51
Shares after: 216,367
Date: 02 Aug 2021
Ownership: See footnote
Footnotes: F3, F11

POSH transaction

Class A Common Stock

Sale

Transaction value: $12,824
Shares: -333
Change %: -8.6%
Price: $38.51
Shares after: 3,518
Date: 02 Aug 2021
Ownership: See footnote
Footnotes: F4, F11

POSH transaction

Class A Common Stock

Sale

Transaction value: $3,894
Shares: -99
Change %: -0.05%
Price: $39.33
Shares after: 216,268
Date: 02 Aug 2021
Ownership: See footnote
Footnotes: F3, F12

POSH transaction

Class A Common Stock

Sale

Transaction value: $39.33
Shares: -1
Change %: -0.03%
Price: $39.33
Shares after: 3,517
Date: 02 Aug 2021
Ownership: See footnote
Footnotes: F4, F12

POSH transaction

Class A Common Stock

Sale

Transaction value: $1,779,046
Shares: -48,741
Change %: -23%
Price: $36.50
Shares after: 167,527
Date: 03 Aug 2021
Ownership: See footnote
Footnotes: F3, F13

POSH transaction

Class A Common Stock

Sale

Transaction value: $28,944
Shares: -793
Change %: -23%
Price: $36.50
Shares after: 2,724
Date: 03 Aug 2021
Ownership: See footnote
Footnotes: F4, F13

POSH transaction

Class A Common Stock

Sale

Transaction value: $357,020
Shares: -9,618
Change %: -5.7%
Price: $37.12
Shares after: 157,909
Date: 03 Aug 2021
Ownership: See footnote
Footnotes: F3, F14

POSH transaction

Class A Common Stock

Sale

Transaction value: $5,791
Shares: -156
Change %: -5.7%
Price: $37.12
Shares after: 2,568
Date: 03 Aug 2021
Ownership: See footnote
Footnotes: F4, F14

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

POSH transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value: $0
Shares: -186,245
Change %: -50%
Price: $0.000000
Shares after: 186,245
Date: 30 Jul 2021
Ownership: See footnote
Underlying class: Class A Common Stock
Underlying amount: 186,245
Exercise price: $0.000000
Footnotes: F1, F15

POSH transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value: $0
Shares: -4,826,295
Change %: -50%
Price: $0.000000
Shares after: 4,826,564
Date: 30 Jul 2021
Ownership: See footnote
Underlying class: Class A Common Stock
Underlying amount: 4,826,295
Exercise price: $0.000000
Footnotes: F2, F15

POSH transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value: $0
Shares: -289,412
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 30 Jul 2021
Ownership: See footnote
Underlying class: Class A Common Stock
Underlying amount: 289,412
Exercise price: $0.000000
Footnotes: F3, F15

POSH transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value: $0
Shares: -4,706
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 30 Jul 2021
Ownership: See footnote
Underlying class: Class A Common Stock
Underlying amount: 4,706
Exercise price: $0.000000
Footnotes: F4, F15

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 15 footnotes

Footnote F1

These shares are held by MMEF XI, L.P. MV Management XI, L.L.C. is the general partner of MMEF XI, L.P. and may be deemed to have voting and investment power over the shares held by MMEF XI, L.P., but MV Management XI, L.L.C. disclaims beneficial ownership of such shares, except to the extent of its proportionate pecuniary interest therein.

Footnote F2

These shares are held by Menlo Ventures XI, L.P. MV Management XI, L.L.C. is the general partner of Menlo Ventures XI, L.P. and may be deemed to shared voting and investment power over the shares held by Menlo Ventures XI, L.P., but MV Management XI, L.L.C. disclaims beneficial ownership of such shares, except to the extent of its proportionate pecuniary interest therein.

Footnote F3

These shares are held by Menlo Special Opportunities Fund, L.P. MSOP GP, L.L.C. is the general partner of Menlo Special Opportunities Fund, L.P. and may be deemed to have voting and investment power over the shares held by Menlo Special Opportunities Fund, L.P., but MSOP GP, L.L.C. disclaims beneficial ownership of such shares, except to the extent of its proportionate pecuniary interest therein.

Footnote F4

These shares are held by MMSOP, L.P. MSOP GP, L.L.C. is the general partner MMSOP, L.P. and may be deemed to have voting and investment power over the shares held by MMSOP, L.P., but MSOP GP, L.L.C. disclaims beneficial ownership of such shares, except to the extent of its proportionate pecuniary interest therein.

Footnote F5

Represents a pro rata in kind distribution without consideration by MMEF XI, L.P. to its partners, including its general partner, MV Management XI, L.L.C.

Footnote F6

Represents a pro rata in kind distribution without consideration by Menlo Ventures XI, L.P. to its partners, including its general partner, MV Management XI, L.L.C.

Footnote F7

Represents the receipt of shares in the pro rata in kind distribution of Class A Common Stock of the Issuer by Menlo Ventures XI, L.P. described in footnote 6.

Footnote F8

Represents a pro rata in kind distribution of Class A Common Stock of the Issuer by MV Management XI, LLC without consideration to its members.

Footnote F9

Price reflected is the weighted-average sale price for shares sold. The range of sale prices for the transactions reported was $36.16 - $37.14 per share. Each Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

Footnote F10

Price reflected is the weighted-average sale price for shares sold. The range of sale prices for the transactions reported was $37.17 - $38.16 per share. Each Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

Footnote F11

Price reflected is the weighted-average sale price for shares sold. The range of sale prices for the transactions reported was $38.20 - $39.16 per share. Each Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

Footnote F12

All shares were sold at this price.

Footnote F13

Price reflected is the weighted-average sale price for shares sold. The range of sale prices for the transactions reported was $36.01 - $37.00 per share. Each Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

Footnote F14

Price reflected is the weighted-average sale price for shares sold. The range of sale prices for the transactions reported was $37.01 - $37.27 per share. Each Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

Footnote F15

Each share of the issuer's Class B Common Stock will convert into 1 share of the issuer's Class A Common Stock at the option of the holder, and has no expiration date.