4//SEC Filing
Bromberg Matthew S 4
Accession 0000899243-23-012545
CIK 0001830043other
Filed
May 9, 8:00 PM ET
Accepted
May 10, 7:39 PM ET
Size
17.1 KB
Accession
0000899243-23-012545
Insider Transaction Report
Form 4
Bumble Inc.BMBL
Bromberg Matthew S
Director
Transactions
- Sale
Class A Common Stock
2023-05-10$17.17/sh−12,096$207,654→ 0 total - Exercise/Conversion
Class A Common Stock
2023-05-08+12,096→ 12,096 total - Exercise/Conversion
Incentive Units of Buzz Holdings L.P.
2023-05-08−33,966→ 65,938 totalExercise: $11.64→ Class A Common Stock (33,966 underlying) - Exercise/Conversion
Common Units of Buzz Holdings L.P.
2023-05-08$11.64/sh+33,966$395,364→ 33,966 total→ Class A Common Stock (33,966 underlying) - Tax Payment
Common Units of Buzz Holdings L.P.
2023-05-08$18.08/sh−21,870$395,379→ 12,096 total→ Class A Common Stock (21,870 underlying) - Exercise/Conversion
Common Units of Buzz Holdings L.P.
2023-05-08−12,096→ 0 total→ Class A Common Stock (12,096 underlying)
Footnotes (4)
- [F1]Pursuant to the terms of an exchange agreement, dated as of February 10, 2021, common units of Buzz Holdings L.P. ("Common Units") held by the Reporting Person are exchangeable for shares of the Issuer's Class A common stock ("Class A Common Stock") on a one-for-one basis. These exchange rights do not expire.
- [F2]Reflects Incentive Units of Buzz Holdings L.P. ("Incentive Units") which are profits interests that are economically similar to stock appreciation rights. Vested Incentive Units are convertible, at the holder's election, into Common Units pursuant to the terms thereof, which then shall be exchangeable for Class A Common Stock on a one-for-one basis. Of the original amount of 99,904 Incentive Units originally reported, 59,943 are time-based Incentive Units, which vest in five equal annual installments beginning on July 1, 2021. The remaining Incentive Units vest in 36 equal monthly installments, with the first installment vesting on August 29, 2022, or earlier if affiliates of Blackstone Inc. receive cash proceeds in respect of their common equity in the Issuer and its subsidiaries as more fully described in the Issuer's Registration Statement on Form S-1 (File No. 333-252124). Any unexercised Incentive Units will automatically be converted into Common Units on February 10, 2028.
- [F3]Reflects Common Units deemed to be withheld in connection with the exchange of Incentive Units described herein.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.1450 to $17.1775 per share, inclusive. The Reporting Person undertakes to provide to Bumble Inc., any security holder of Bumble Inc., or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Documents
Issuer
Bumble Inc.
CIK 0001830043
Entity typeother
Related Parties
1- filerCIK 0001680979
Filing Metadata
- Form type
- 4
- Filed
- May 9, 8:00 PM ET
- Accepted
- May 10, 7:39 PM ET
- Size
- 17.1 KB