Viola Ventures III, L.P. - 27 Jul 2021 Form 4 Insider Report for Outbrain Inc. (OB)

Role
10%+ Owner
Signature
/s/ Shlomo Dovrat, Board Member of Viola Ventures III, L.P.
Issuer symbol
OB
Transactions as of
27 Jul 2021
Transactions value $
$0
Form type
4
Filing time
29 Jul 2021, 17:19:55
Previous filing
29 Jul 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OB Common Stock Conversion of derivative security $0 +6.35M $0.00 6.35M 27 Jul 2021 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction OB Series B Preferred Stock Conversion of derivative security $0 -4.28M -100% $0.00* 0 27 Jul 2021 Common Stock 4.28M Direct F1, F2
transaction OB Series C Preferred Stock Conversion of derivative security $0 -1.05M -100% $0.00* 0 27 Jul 2021 Common Stock 1.05M Direct F1, F2
transaction OB Series D Preferred Stock Conversion of derivative security $0 -479K -100% $0.00* 0 27 Jul 2021 Common Stock 479K Direct F1, F2
transaction OB Series F Preferred Stock Conversion of derivative security $0 -175K -100% $0.00* 0 27 Jul 2021 Common Stock 200K Direct F1, F2, F3
transaction OB Series G Preferred Stock Conversion of derivative security $0 -333K -100% $0.00* 0 27 Jul 2021 Common Stock 333K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Viola Ventures GP 3 Ltd. is the general partner of the reporting person and possesses sole voting and dispositive power over these shares.
F2 The shares of Series B, Series C, Series D, Series F and Series G Preferred Stock previously reported by the reporting person converted to Common Stock on July 27, 2021 at the ratio specified in the company's Eleventh Amended and Restated Certificate of Incorporation, which is included as Exhibit 3.3 to the company's Registration Statement on Form S-1, as amended (File No. 333-257525), in connection with the consummation of the company's initial public offering.
F3 Includes 24,604 shares issued pursuant to a preset automatic anti-dilution adjustment set forth in the terms of the Series F Preferred Stock.