4//SEC Filing
Foundry Select Fund GP, LLC 4
Accession 0001209191-23-041055
CIK 0000746210other
Filed
Jul 4, 8:00 PM ET
Accepted
Jul 5, 4:22 PM ET
Size
23.7 KB
Accession
0001209191-23-041055
Insider Transaction Report
Form 4
Oblong, Inc.OBLG
Foundry Group Select Fund, L.P.
10% Owner
Transactions
- Other
Warrant (Right to Buy)
2023-07-03+85,017→ 85,017 total(indirect: By Foundry?Venture Capital 2007, L.P.)Exercise: $0.00→ Common Stock (85,017 underlying) - Other
Common Stock
2023-07-03−321,759→ 91,644 total(indirect: By Foundry Group Select Fund, L.P.) - Other
Common Stock
2023-07-03−85,017→ 24,215 total(indirect: By Foundry?Venture Capital 2007, L.P.) - Other
Warrant (Right to Buy)
2023-07-03+321,759→ 321,759 total(indirect: By Foundry Group Select Fund, L.P.)Exercise: $0.00→ Common Stock (321,759 underlying)
Foundry Select Fund GP, LLC
10% Owner
Transactions
- Other
Common Stock
2023-07-03−321,759→ 91,644 total(indirect: By Foundry Group Select Fund, L.P.) - Other
Common Stock
2023-07-03−85,017→ 24,215 total(indirect: By Foundry?Venture Capital 2007, L.P.) - Other
Warrant (Right to Buy)
2023-07-03+85,017→ 85,017 total(indirect: By Foundry?Venture Capital 2007, L.P.)Exercise: $0.00→ Common Stock (85,017 underlying) - Other
Warrant (Right to Buy)
2023-07-03+321,759→ 321,759 total(indirect: By Foundry Group Select Fund, L.P.)Exercise: $0.00→ Common Stock (321,759 underlying)
Foundry Venture 2007, LLC
10% Owner
Transactions
- Other
Warrant (Right to Buy)
2023-07-03+321,759→ 321,759 total(indirect: By Foundry Group Select Fund, L.P.)Exercise: $0.00→ Common Stock (321,759 underlying) - Other
Common Stock
2023-07-03−85,017→ 24,215 total(indirect: By Foundry?Venture Capital 2007, L.P.) - Other
Common Stock
2023-07-03−321,759→ 91,644 total(indirect: By Foundry Group Select Fund, L.P.) - Other
Warrant (Right to Buy)
2023-07-03+85,017→ 85,017 total(indirect: By Foundry?Venture Capital 2007, L.P.)Exercise: $0.00→ Common Stock (85,017 underlying)
Levine Seth
10% Owner
Transactions
- Other
Common Stock
2023-07-03−321,759→ 91,644 total(indirect: By Foundry Group Select Fund, L.P.) - Other
Common Stock
2023-07-03−85,017→ 24,215 total(indirect: By Foundry?Venture Capital 2007, L.P.) - Other
Warrant (Right to Buy)
2023-07-03+85,017→ 85,017 total(indirect: By Foundry?Venture Capital 2007, L.P.)Exercise: $0.00→ Common Stock (85,017 underlying) - Other
Warrant (Right to Buy)
2023-07-03+321,759→ 321,759 total(indirect: By Foundry Group Select Fund, L.P.)Exercise: $0.00→ Common Stock (321,759 underlying)
Foundry Venture Capital 2007, L.P.
10% Owner
Transactions
- Other
Common Stock
2023-07-03−321,759→ 91,644 total(indirect: By Foundry Group Select Fund, L.P.) - Other
Warrant (Right to Buy)
2023-07-03+321,759→ 321,759 total(indirect: By Foundry Group Select Fund, L.P.)Exercise: $0.00→ Common Stock (321,759 underlying) - Other
Common Stock
2023-07-03−85,017→ 24,215 total(indirect: By Foundry?Venture Capital 2007, L.P.) - Other
Warrant (Right to Buy)
2023-07-03+85,017→ 85,017 total(indirect: By Foundry?Venture Capital 2007, L.P.)Exercise: $0.00→ Common Stock (85,017 underlying)
FELD BRADLEY A
10% Owner
Transactions
- Other
Warrant (Right to Buy)
2023-07-03+321,759→ 321,759 total(indirect: By Foundry Group Select Fund, L.P.)Exercise: $0.00→ Common Stock (321,759 underlying) - Other
Common Stock
2023-07-03−85,017→ 24,215 total(indirect: By Foundry?Venture Capital 2007, L.P.) - Other
Warrant (Right to Buy)
2023-07-03+85,017→ 85,017 total(indirect: By Foundry?Venture Capital 2007, L.P.)Exercise: $0.00→ Common Stock (85,017 underlying) - Other
Common Stock
2023-07-03−321,759→ 91,644 total(indirect: By Foundry Group Select Fund, L.P.)
MCINTYRE RYAN A
10% Owner
Transactions
- Other
Warrant (Right to Buy)
2023-07-03+85,017→ 85,017 total(indirect: By Foundry?Venture Capital 2007, L.P.)Exercise: $0.00→ Common Stock (85,017 underlying) - Other
Common Stock
2023-07-03−321,759→ 91,644 total(indirect: By Foundry Group Select Fund, L.P.) - Other
Warrant (Right to Buy)
2023-07-03+321,759→ 321,759 total(indirect: By Foundry Group Select Fund, L.P.)Exercise: $0.00→ Common Stock (321,759 underlying) - Other
Common Stock
2023-07-03−85,017→ 24,215 total(indirect: By Foundry?Venture Capital 2007, L.P.)
Footnotes (6)
- [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").
- [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.
- [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.
- [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.
- [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.
- [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.
Documents
Issuer
Oblong, Inc.
CIK 0000746210
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001581764
Filing Metadata
- Form type
- 4
- Filed
- Jul 4, 8:00 PM ET
- Accepted
- Jul 5, 4:22 PM ET
- Size
- 23.7 KB