Sec Form 4 Filing - Inventus Capital Partners Fund I LP @ Poshmark, Inc. - 2021-01-19

Insider filing report for Changes in Beneficial Ownership
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FORM 4
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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 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]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
1325 HOWARD STREET, SUITE 244
3. Date of Earliest Transaction (MM/DD/YY)
01/19/2021
(Street)
BURLINGAME, CA94010
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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
Series A Preferred Stock ( 1 ) 01/19/2021 C 1,618,559 ( 1 ) ( 1 ) Common Stock (Class B Common Stock) ( 2 ) 1,618,559 $ 0 0 I See Footnote ( 3 )
Series B Preferred Stock ( 1 ) 01/19/2021 C 580,580 ( 1 ) ( 1 ) Common Stock (Class B Common Stock) ( 2 ) 580,580 $ 0 0 I See Footnote ( 3 )
Series B-1 Preferred Stock ( 1 ) 01/19/2021 C 631,057 ( 1 ) ( 1 ) Common Stock (Class B Common Stock) ( 2 ) 631,057 $ 0 0 I See Footnote ( 3 )
Series C Preferred Stock ( 1 ) 01/19/2021 C 742,187 ( 1 ) ( 1 ) Common Stock (Class B Common Stock) ( 2 ) 742,187 $ 0 0 I See Footnote ( 3 )
Series C-1 Preferred Stock ( 1 ) 01/19/2021 C 137,707 ( 1 ) ( 1 ) Common Stock (Class B Common Stock) ( 2 ) 137,707 $ 0 0 I See Footnote ( 3 )
Series C Preferred Stock ( 1 ) 01/19/2021 C 1,406,250 ( 1 ) ( 1 ) Common Stock (Class B Common Stock) ( 2 ) 1,406,250 $ 0 0 I See Footnote ( 4 )
Series C-1 Preferred Stock ( 1 ) 01/19/2021 C 747,127 ( 1 ) ( 1 ) Common Stock (Class B Common Stock) ( 2 ) 747,127 $ 0 0 I See Footnote ( 4 )
Series D Preferred Stock ( 1 ) 01/19/2021 C 895,746 ( 1 ) ( 1 ) Common Stock (Class B Common Stock) ( 2 ) 895,746 $ 0 0 I See Footnote ( 5 )
Common Stock ( 2 ) ( 2 ) 01/19/2021 C 19,905 ( 2 ) ( 2 ) Common Stock (Class B Common Stock) ( 2 ) 19,905 $ 0 0 I See Footnote ( 5 )
Class B Common Stock ( 2 ) ( 6 ) 01/19/2021 C 3,710,090 ( 6 ) ( 6 ) Class A Common Stock ( 6 ) 3,710,090 $ 0 3,710,090 I See Footnote ( 3 )
Class B Common Stock ( 2 ) ( 6 ) 01/19/2021 C 2,153,377 ( 6 ) ( 6 ) Class A Common Stock ( 6 ) 2,153,377 $ 0 2,153,377 I See Footnote ( 4 )
Class B Common Stock ( 2 ) ( 6 ) 01/19/2021 C 915,651 ( 6 ) ( 6 ) Class A Common Stock ( 6 ) 915,651 $ 0 915,651 I See Footnote ( 5 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Inventus Capital Partners Fund I LP
1325 HOWARD STREET, SUITE 244
BURLINGAME, CA94010
X
INVENTUS CAPITAL PARTNERS FUND II, LTD.
1325 HOWARD STREET, SUITE 244
BURLINGAME, CA94010
X
INVENTUS CAPITAL CO-INVEST ANNEX FUND I, L.P.
1325 HOWARD STREET, SUITE 244
BURLINGAME, CA94010
X
Signatures
/s/ Evan Ferl, Attorney-in-Fact 01/21/2021
Signature of Reporting Person Date
/s/ Evan Ferl, Attorney-in-Fact 01/21/2021
Signature of Reporting Person Date
/s/ Evan Ferl, Attorney-in-Fact 01/21/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Immediately prior to the closing of the Issuer's initial public offering, each share of Series A Preferred Stock, Series B Preferred Stock, Series B-1 Preferred Stock, Series C Preferred Stock, Series C-1 Preferred Stock and Series D Preferred Stock (collectively, the "Preferred Stock") automatically converted into shares of the Issuer's Common Stock, par value $0.0001 per share, on a one-for-one basis. The shares of Preferred Stock had no expiration date.
( 2 )Immediately prior to the closing of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class B Common Stock.
( 3 )The securities shown on Table II, lines 1 through 5 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 Anex. 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 shown on Table II lines 6 through 7 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 Anex. 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 )The securities shown on Table II lines 8 through 9 are held by Inventus Capital Co-Invest Annex Fund I L.P., a Delaware Limited Partnership, or ICP Annex. Inventus Capital Co-Invest Anex Management I, LLC, or ICPM Anex 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 Anex. 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.
( 6 )Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the Reporting Person.

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