MV Management XI, L.L.C. - 29 Sep 2021 Form 3 Insider Report for ROVER GROUP, INC.

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
3
Accepted by SEC
12 Oct 2021, 17:45:43 UTC
Prior SEC filing
06 Aug 2021
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
MV Management XI, L.L.C., By /s/ Venky Ganesan, Managing Member

Key filing fact

MV Management XI, L.L.C. filed Form 3 for ROVER GROUP, INC. on 12 Oct 2021.

Key facts

  • This page summarizes MV Management XI, L.L.C.'s Form 3 filing for ROVER GROUP, INC..
  • 0 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 12 Oct 2021, 17:45.

Change

  • Previous filing in this sequence was filed on 06 Aug 2021.
  • Current net transaction value: $0.

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

Official SEC source

Ownership activity is grounded in SEC Form 3 disclosures.

View source filing

Reported non-derivative transactions

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

ROVR holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
11,372,764
Date
29 Sep 2021
Ownership
By Menlo Ventures XI, L.P.
Footnotes
F1, F2
ROVR holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
442,274
Date
29 Sep 2021
Ownership
By MMEF XI, L.P
Footnotes
F1, F3
ROVR holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
5,596,527
Date
29 Sep 2021
Ownership
By Menlo Special Opportunities Fund, L.P.
Footnotes
F1, F4
ROVR holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
91,001
Date
29 Sep 2021
Ownership
By MMSOP, L.P.
Footnotes
F1, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Pursuant to an "earn-out" provision of the Business Combination Agreement, dated as of February 10, 2021 (the "Business Combination Agreement"), by and among Nebula Caravel Acquisition Corp. (n/k/a Rover Group, Inc.) ("Caravel"), Fetch Merger Sub, Inc., a Delaware corporation and a direct wholly owned subsidiary of Caravel, and A Place for Rover, Inc., a Delaware corporation ("Legacy Rover"), Legacy Rover stockholders, including Menlo Ventures XI, L.P. ("Menlo XI"), MMEF XI, L.P. ("MMEF XI"), Menlo Special Opportunities Fund, L.P. ("MSOP"), and MMSOP, L.P. ("MMSOP") are entitled to receive additional shares of Class A Common Stock, for no additional consideration, if the volume weighted average price of Class A Common Stock over twenty trading days within any thirty trading day period during the Earnout Period (as defined in the Business Combination Agreement) is greater than or equal to $16.00.

Footnote F2

Shares are held by Menlo XI. MV Management XI, L.L.C. ("MVM XI") is the general partner of Menlo XI and may be deemed to beneficially own the shares held by Menlo XI. MVM XI disclaims beneficial ownership of such shares except to the extent of its pecuniary interest therein.

Footnote F3

Shares are held by MMEF XI. MVM XI is the general partner of MMEF XI and may be deemed to beneficially own the shares held by MMEF XI. MVM XI disclaims beneficial ownership of such shares except to the extent of its pecuniary interest therein.

Footnote F4

Shares are held by MSOP. MSOP GP, L.L.C. ("MSOP GP") is the general partner of MSOP and may be deemed to beneficially own the shares held by MSOP. MSOP GP disclaims beneficial ownership of such shares except to the extent of its pecuniary interest therein.

Footnote F5

Shares are held by MMSOP. MSOP GP is the general partner of MMSOP and may be deemed to beneficially own the shares held by MMSOP. MSOP GP disclaims beneficial ownership of such shares except to the extent of its pecuniary interest therein.

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