Andrew Braccia - 17 Oct 2024 Form 4 Insider Report for Squarespace, Inc.

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
17 Oct 2024, 17:21:21 UTC
Prior SEC filing
16 Oct 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Jessica Krasner, as Attorney-in-Fact

Key filing fact

Andrew Braccia filed Form 4 for Squarespace, Inc. on 17 Oct 2024.

Key facts

  • This page summarizes Andrew Braccia's Form 4 filing for Squarespace, Inc..
  • 8 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 17 Oct 2024, 17:21.

Change

  • Previous filing in this sequence was filed on 16 Oct 2024.
  • Current net transaction value: -$647,725,238.

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.

SQSP transaction

Class A Common Stock

Disposed to Issuer

Transaction value
Shares
-32,439
Change %
-100%
Price
Shares after
0
Date
17 Oct 2024
Ownership
AKB Living Trust
Footnotes
F1, F2
SQSP transaction

Class A Common Stock

Other

Transaction value
Shares
-21,982
Change %
-100%
Price
Shares after
0
Date
17 Oct 2024
Ownership
Accel Leaders 3 Entrepreneurs L.P.
Footnotes
F3, F4
SQSP transaction

Class A Common Stock

Other

Transaction value
Shares
-31,686
Change %
-100%
Price
Shares after
0
Date
17 Oct 2024
Ownership
Accel Leaders 3 Investors (2020) L.P.
Footnotes
F3, F5
SQSP transaction

Class A Common Stock

Other

Transaction value
Shares
-530,953
Change %
-100%
Price
Shares after
0
Date
17 Oct 2024
Ownership
Accel Leaders 3 L.P.
Footnotes
F3, F6
SQSP transaction

Class A Common Stock

Sale

Transaction value
$40,482,900
Shares
-870,600
Change %
-100%
Price
$46.50
Shares after
0
Date
17 Oct 2024
Ownership
Accel Growth Fund Investors 2010 L.L.C.
Footnotes
F7, F8
SQSP transaction

Class A Common Stock

Sale

Transaction value
$595,583,439
Shares
-12,808,246
Change %
-100%
Price
$46.50
Shares after
0
Date
17 Oct 2024
Ownership
Accel Growth Fund L.P.
Footnotes
F7, F9
SQSP transaction

Class A Common Stock

Sale

Transaction value
$11,658,898
Shares
-250,729
Change %
-100%
Price
$46.50
Shares after
0
Date
17 Oct 2024
Ownership
Accel Growth Fund Strategic Partners L.P.
Footnotes
F7, F10

Reported derivative securities

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

SQSP transaction Derivative

Restricted Stock Units

Disposed to Issuer

Transaction value
Shares
-6,197
Change %
-100%
Price
Shares after
0
Date
17 Oct 2024
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
6,197
Exercise price
$0.000000
Footnotes
F11
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Andrew Braccia is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 11 footnotes

Footnote F1

Pursuant to the Amended and Restated Agreement and Plan of Merger (the "Merger Agreement"), dated as of September 9, 2024, by and among the Issuer, Spaceship Purchaser, Inc. ("Parent") and Spaceship Group MergerCo Inc., a wholly owned subsidiary of Parent, immediately prior to the effective time of the Merger (as defined in the Merger Agreement), each share of Class A Common Stock of the Issuer that is outstanding as of immediately prior to the effective time of the Merger (other than Owned Company Shares or Dissenting Company Shares, each as defined in the Merger Agreement) was cancelled and extinguished and automatically converted into the right to receive cash in an amount equal to $46.50, without interest thereon.

Footnote F2

These securities are held of record by AKB Living Trust of which Andrew Braccia is a trustee.

Footnote F3

Pursuant to the Amended and Restated Tender and Support Agreement, dated as of September 16, 2024, by and among (i) Accel Leaders 3 L.P., for itself and as nominee for Accel Leaders 3 L.P., Accel Leaders 3 Entrepreneurs L.P. and Accel Leaders 3 Investors (2020) L.P., (ii) Accel Growth Fund L.P., Accel Growth Fund Strategic Partners L.P. and Accel Growth Fund Investors 2010 L.L.C. (clauses (i) and (ii), collectively, the "Stockholders"), the Issuer and Parent, immediately prior to the effective time of the Merger, the Stockholders contributed certain shares of Common Stock to a limited partnership that indirectly owns 100% of the equity interests of Parent ("Topco") in exchange for equity interests in Topco.

Footnote F4

The shares are held of record by Accel Leaders 3 Entrepreneurs L.P. Accel Leaders 3 GP Associates L.L.C. ("AL3A") is the general partner of the general partner of Accel Leaders 3 Entrepreneurs L.P. Andrew Braccia, Sameer Gandhi, Ping Li, Tracy Sedlock, Ryan Sweeney and Richard Wong are the directors of AL3A. Andrew Braccia disclaims ownership of all such shares except to the extent that he has a pecuniary interest therein.

Footnote F5

The shares are held of record by Accel Leaders 3 Investors (2020) L.P. AL3A is the general partner of Accel Leaders 3 Investors (2020) L.P. Andrew Braccia, Sameer Gandhi, Ping Li, Tracy Sedlock, Ryan Sweeney and Richard Wong are the directors of AL3A. Andrew Braccia disclaims ownership of all such shares except to the extent that he has a pecuniary interest therein.

Footnote F6

The shares are held of record by Accel Leaders 3 L.P. AL3A is the general partner of the general partner of Accel Leaders 3 L.P. Andrew Braccia, Sameer Gandhi, Ping Li, Tracy Sedlock, Ryan Sweeney and Richard Wong are the directors of AL3A. Andrew Braccia disclaims ownership of all such shares except to the extent that he has a pecuniary interest therein.

Footnote F7

Represents the securities sold to Topco for $46.50 per share.

Footnote F8

The shares are held of record by Accel Growth Fund Investors 2010 L.L.C. Andrew Braccia, Kevin Efrusy, Sameer Gandhi, Ping Li, Tracy Sedlock and Richard Wong are the managing members of Accel Growth Fund Investors 2010 L.L.C. Each managing member disclaims beneficial ownership except to the extent of their pecuniary interest therein.

Footnote F9

The shares are held of record by Accel Growth Fund L.P. Accel Growth Fund Associates L.L.C. ("AGFA") is the general partner of Accel Growth Fund L.P. Andrew Braccia, Kevin Efrusy, Sameer Gandhi, Ping Li, Tracy Sedlock and Richard Wong are the managing members of AGFA. Each managing member disclaims beneficial ownership except to the extent of their pecuniary interest therein.

Footnote F10

The shares are held of record by Accel Growth Fund Strategic Partners L.P. AGFA is the general partner of Accel Growth Fund Strategic Partners L.P. Andrew Braccia, Kevin Efrusy, Sameer Gandhi, Ping Li, Tracy Sedlock and Richard Wong are the managing members of AGFA. Each managing member disclaims beneficial ownership except to the extent of their pecuniary interest therein.

Footnote F11

Pursuant to the Merger Agreement, immediately prior to the effective time of the Merger, each Issuer restricted stock unit ("RSU") award held by a non-employee of the Issuer then outstanding and not vested was cancelled and converted into the right to receive a lump sum cash payment equal to the product of (i) $46.50 per share, without interest, multiplied by (ii) the number of shares of Class A Common Stock of the Issuer subject to such RSU award, prorated based on the number of days between the grant date and the closing of the Merger.

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