Key facts
- This page summarizes Foundry Group Select Fund, L.P.'s Form 4 filing for Oblong, Inc. (OBLG).
- 4 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 05 Jul 2023, 16:22.
Foundry Group Select Fund, L.P. - 03 Jul 2023 Form 4 Insider Report for Oblong, Inc. (OBLG)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- OBLG
- Reported as of
- 03 Jul 2023
- Net transaction value
- $0
- Reporting owner signature
- Foundry Group Select Fund, L.P., by: Foundry Select Fund GP, LLC, by /s/ Bradley A. Feld, Managing Member
Source evidence
Original filing metadata and source links for verification.
3 source fields
Reporting owner
1 detail
Key filing fact
Foundry Group Select Fund, L.P. filed Form 4 for Oblong, Inc. (OBLG) on 05 Jul 2023.
Change
- No earlier filing in this sequence is available for direct comparison.
- 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
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
OBLG
transaction
Common Stock
Other
- Transaction value
- Shares
- -85,017
- Change %
- -78%
- Price
- Shares after
- 24,215
- Date
- 03 Jul 2023
- Ownership
- By Foundry?Venture Capital 2007, L.P.
- Footnotes
- F1, F2, F3
OBLG
transaction
Common Stock
Other
- Transaction value
- Shares
- -321,759
- Change %
- -78%
- Price
- Shares after
- 91,644
- Date
- 03 Jul 2023
- Ownership
- By Foundry Group Select Fund, L.P.
- Footnotes
- F2, F4, F5
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
OBLG
transaction
Derivative
Warrant (Right to Buy)
Other
- Transaction value
- Shares
- +85,017
- Change %
- Price
- Shares after
- 85,017
- Date
- 03 Jul 2023
- Ownership
- By Foundry?Venture Capital 2007, L.P.
- Underlying class
- Common Stock
- Underlying amount
- 85,017
- Exercise price
- $0.000100
- Footnotes
- F1, F3, F6
OBLG
transaction
Derivative
Warrant (Right to Buy)
Other
- Transaction value
- Shares
- +321,759
- Change %
- Price
- Shares after
- 321,759
- Date
- 03 Jul 2023
- Ownership
- By Foundry Group Select Fund, L.P.
- Underlying class
- Common Stock
- Underlying amount
- 321,759
- Exercise price
- $0.000100
- Footnotes
- F1, F4, F5, F6
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Foundry Group Select Fund, L.P. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 6 footnotes
Footnote F1
Foundry Venture Capital 2007, L.P. ("Foundry 2007") entered into an Exchange Agreement with the Issuer pursuant to which Foundry 2007 exchanged, on a 1:1 basis, 85,017 shares of the Issuer's Common Stock for an equal number of prefunded warrants, each to purchase one share of the Issuer's Common Stock at an exercise price of $0.0001 per share (each a "Pre-Funded Warrant").
Footnote F2
The number of securities reported gives effect to a 1-for-15 reverse stock split of the Issuer's Common Stock, which was effected on January 3, 2023.
Footnote F3
Securities are held directly by Foundry Venture Capital 2007, L.P. ("Foundry 2007"). Foundry Venture 2007, LLC ("Foundry Venture") is the general partner of Foundry 2007. Bradley Feld, Seth Levine and Ryan McIntyre (collectively, the "Managing Members") are the managing members of Foundry Venture and may be deemed to share voting and dispositive power with respect to the securities held by Foundry 2007. Accordingly, each of Foundry Venture and the Managing Members may be deemed to beneficially own the securities held by Foundry 2007, but each disclaims beneficial ownership of such securities except to the extent of its or his respective pecuniary interest therein.
Footnote F4
Foundry Group Select Fund, L.P. ("Foundry Select") entered into an Exchange Agreement with the Issuer pursuant to which Foundry Select exchanged, on a 1:1 basis, 321,759 shares of the Issuer's Common Stock for an equal number of Pre-Funded Warrants.
Footnote F5
Securities are held directly by Foundry Group Select Fund, L.P. ("Foundry Select"). Foundry Select Fund GP, LLC ("Foundry Select GP") is the general partner of Foundry Select. The Managing Members are the managing members of Foundry Select GP and may be deemed to share voting and dispositive power with respect to the securities held by Foundry Select. Accordingly, each of Foundry Select GP and the Managing Members may be deemed to beneficially own the securities held by Foundry Select, but each disclaims beneficial ownership of such securities except to the extent of its or his respective pecuniary interest therein.
Footnote F6
The Pre-Funded Warrants have no expiration date and are exercisable immediately. Notwithstanding the foregoing, the Reporting Persons shall not be entitled to exercise the Pre-Funded Warrant if it would cause the aggregate number of shares of Common Stock beneficially owned by the Reporting Persons, their affiliates and any persons who are members of a Section 13(d) group with the Reporting Persons or their affiliates to exceed 4.99% of the total number of issued and outstanding shares of Common Stock of the Issuer following such exercise.