Statement of Changes in Beneficial Ownership (4)
July 14 2021 - 7:06PM
Edgar (US Regulatory)
FORM 4
[X]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Inventus Capital Partners Fund I LP |
2. Issuer Name and Ticker or Trading Symbol
Poshmark, Inc.
[
POSH
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
1325 HOWARD STREET, SUITE 244 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
7/12/2021 |
(Street)
BURLINGAME, CA 94010
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
___ Form filed by One Reporting Person
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X
_ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Class A Common Stock | 7/12/2021 | | C(1) | | 3710090 | A | $0.00 | 3710090 | I | See Footnote (2) |
Class A Common Stock | 7/12/2021 | | C(1) | | 2153377 | A | $0.00 | 2153377 | I | See Footnote (3) |
Class A Common Stock | 7/12/2021 | | C(1) | | 915651 | A | $0.00 | 915651 | I | See Footnote (4) |
Class A Common Stock | 7/12/2021 | | J(5) | | 3644551 | D | $0.00 | 65539 | I | See Footnote (2) |
Class A Common Stock | 7/12/2021 | | J(6) | | 2153377 | D | $0.00 | 0 | I | See Footnote (3) |
Class A Common Stock | 7/12/2021 | | J(7) | | 909097 | D | $0.00 | 6554 | I | See Footnote (4) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Class B Common Stock | (8) | 7/12/2021 | | C (1) | | | 3710090 | (8) | (8) | Class A Common Stock (8) | 3710090 | $0.00 | 0 | I | See Footnote (2) |
Class B Common Stock | (8) | 7/12/2021 | | C (1) | | | 2153377 | (8) | (8) | Class A Common Stock (8) | 2153377 | $0.00 | 0 | I | See Footnote (3) |
Class B Common Stock | (8) | 7/12/2021 | | C (1) | | | 915651 | (8) | (8) | Class A Common Stock (8) | 915651 | $0.00 | 0 | I | See Footnote (4) |
Explanation of Responses: |
(1) | Represents the conversion, on a one-for-one basis, of Class B Common Stock into Class A Common Stock. |
(2) | The securities are held by Inventus Capital Partners Fund I L.P., a Cayman Islands Exempted Limited Partnership, or ICP I. Inventus Capital Master Management I, Ltd, a Cayman Islands Exempted Limited Partnership, or ICPMM I, is the general partner of Inventus Capital Management I, L.P., a Cayman Islands Exempted Limited Partnership, or ICPM I, which is the general partner of ICP I. John Dougery, Jr and Kanwal Rekhi are the directors of ICPMM I and ICPM II, and the managing members of ICPM Annex. As a result, each of the foregoing entities and individuals may be deemed to share beneficial ownership of the shares respectively owned by ICP I, ICP II, and ICP Annex, but each of the individuals disclaims such beneficial ownership, except to the extent of his or her proportionate pecuniary interest therein. |
(3) | The securities are held by Inventus Capital Partners Fund II Ltd., or ICP II. Inventus Capital Management II, Ltd, or ICPM II, is the General Partner of ICP II. John Dougery, Jr and Kanwal Rekhi are the directors of ICPMM I and ICPM II, and the managing members of ICPM Annex. As a result, each of the foregoing entities and individuals may be deemed to share beneficial ownership of the shares respectively owned by ICP I, ICP II, and ICP Annex, but each of the individuals disclaims such beneficial ownership, except to the extent of his or her proportionate pecuniary interest therein. |
(4) | The securities are held by Inventus Capital Co-Invest Annex Fund I L.P., a Delaware Limited Partnership, or ICP Annex. Inventus Capital Co-Invest Annex Management I, LLC, or ICPM Annex I, is the general partner of ICP Annex. John Dougery, Jr and Kanwal Rekhi are the directors of ICPMM I and ICPM II, and the managing members of ICPM Annex. As a result, each of the foregoing entities and individuals may be deemed to share beneficial ownership of the shares respectively owned by ICP I, ICP II, and ICP Annex, but each of the individuals disclaims such beneficial ownership, except to the extent of his or her proportionate pecuniary interest therein. |
(5) | ICP I made a pro rata distribution for no consideration of an aggregate of 3,644,551 shares of Class A Common Stock to its general and limited partners. |
(6) | ICP II made a pro rata distribution for no consideration of an aggregate of 2,153,377 shares of Class A Common Stock to its general and limited partners. |
(7) | ICP Annex made a pro rata distribution for no consideration of an aggregate of 909,097 shares of Class A Common Stock to its general and limited partners. |
(8) | Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the Reporting Person. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Inventus Capital Partners Fund I LP 1325 HOWARD STREET, SUITE 244 BURLINGAME, CA 94010 |
| X |
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INVENTUS CAPITAL PARTNERS FUND II, LTD. 1325 HOWARD STREET, SUITE 244 BURLINGAME, CA 94010 |
| X |
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INVENTUS CAPITAL CO-INVEST ANNEX FUND I, L.P. 1325 HOWARD STREET, SUITE 244 BURLINGAME, CA 94010 |
| X |
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Signatures
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/s/ John Dougery, Jr., General Partner | | 7/14/2021 |
**Signature of Reporting Person | Date |
/s/ John Dougery, Jr., General Partner | | 7/14/2021 |
**Signature of Reporting Person | Date |
/s/ John Dougery, Jr., General Partner | | 7/14/2021 |
**Signature of Reporting Person | Date |
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