4//SEC Filing
FELD BRADLEY A 4
Accession 0001209191-21-058631
CIK 0001826018other
Filed
Sep 30, 8:00 PM ET
Accepted
Oct 1, 8:20 PM ET
Size
19.4 KB
Accession
0001209191-21-058631
Insider Transaction Report
Form 4
Foundry Group Next, L.P.
10% Owner
Transactions
- Other
Class A Common Stock
2021-09-29+869,402→ 7,038,732 total(indirect: See footnote) - Other
Class A Common Stock
2021-09-29+1,634,122→ 13,229,955 total(indirect: See footnote)
FELD BRADLEY A
10% Owner
Transactions
- Other
Class A Common Stock
2021-09-29+1,634,122→ 13,229,955 total(indirect: See footnote) - Other
Class A Common Stock
2021-09-29+869,402→ 7,038,732 total(indirect: See footnote)
MCINTYRE RYAN A
10% Owner
Transactions
- Other
Class A Common Stock
2021-09-29+1,634,122→ 13,229,955 total(indirect: See footnote) - Other
Class A Common Stock
2021-09-29+869,402→ 7,038,732 total(indirect: See footnote)
Foundry Venture Capital 2013, L.P.
10% Owner
Transactions
- Other
Class A Common Stock
2021-09-29+1,634,122→ 13,229,955 total(indirect: See footnote) - Other
Class A Common Stock
2021-09-29+869,402→ 7,038,732 total(indirect: See footnote)
FG Next GP, LLC
10% Owner
Transactions
- Other
Class A Common Stock
2021-09-29+869,402→ 7,038,732 total(indirect: See footnote) - Other
Class A Common Stock
2021-09-29+1,634,122→ 13,229,955 total(indirect: See footnote)
Levine Seth
10% Owner
Transactions
- Other
Class A Common Stock
2021-09-29+1,634,122→ 13,229,955 total(indirect: See footnote) - Other
Class A Common Stock
2021-09-29+869,402→ 7,038,732 total(indirect: See footnote)
Foundry Venture 2013, LLC
10% Owner
Transactions
- Other
Class A Common Stock
2021-09-29+1,634,122→ 13,229,955 total(indirect: See footnote) - Other
Class A Common Stock
2021-09-29+869,402→ 7,038,732 total(indirect: See footnote)
Footnotes (5)
- [F1]On September 29, 2021, Foundry Venture Capital 2013, L.P. ("2013 LP") and Foundry Group Next, L.P. ("Next LP") became entitled to receive 1,636,135 and 869,402 shares, respectively, of Rover Group, Inc. Class A common stock, par value $0.0001 per share ("Class A Common Stock"), 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").
- [F2]Section 3.7 of the Business Combination Agreement provided that Legacy Rover stockholders would 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) was greater than or equal to (1) $12.00 and (2) $14.00. As Triggering Events I and II (as defined in the Business Combination Agreement) were satisfied as of September 29, 2021, Legacy Rover's former stockholders, including 2013 LP and Next LP, acquired additional shares of Class A Common Stock pursuant to the Business Combination Agreement.
- [F3]The number of shares issuable pursuant to the earn-out right was determined on September 29, 2021 pursuant to a formula set forth in the Business Combination Agreement. For each Triggering Event, Legacy Rover stockholders received Class A Common Stock at a ratio of 0.0731 shares of Class A Common Stock for each share of Legacy Rover stock held immediately prior to the merger. Each of 2013 LP and Next LP's right to receive additional shares became fixed and irrevocable on July 30, 2021, the effective date of the merger.
- [F4]Shares are held by 2013 LP. Foundry Venture 2013, LLC ("2013 LLC") is the general partner of 2013 LP and may be deemed to beneficially own the shares held by 2013 LP. Brad Feld, Ryan McIntyre and Seth Levine are managing members of 2013 LLC, and may be deemed to share voting and investment power over the shares held by 2013 LP. Each of 2013 LLC, and Messrs. Feld, McIntyre and Levine disclaims beneficial ownership in these shares except to the extent of his or its respective pecuniary interest therein.
- [F5]Shares are held by Next LP. FG Next GP, LLC ("Next LLC") is the general partner of Next LP and may be deemed to beneficially own the shares held by Next LP. Brad Feld, Ryan McIntyre and Seth Levine are managing members of Next LLC, and may be deemed to share voting and investment power over the shares held by Next LP. Each of Next LLC, and Messrs. Feld, McIntyre and Levine disclaims beneficial ownership in these shares except to the extent of his or its respective pecuniary interest therein.
Documents
Issuer
ROVER GROUP, INC.
CIK 0001826018
Entity typeother
Related Parties
1- filerCIK 0001065270
Filing Metadata
- Form type
- 4
- Filed
- Sep 30, 8:00 PM ET
- Accepted
- Oct 1, 8:20 PM ET
- Size
- 19.4 KB