Andrew Braccia - 16 Nov 2021 Form 3 Insider Report for UserTesting, Inc. (USER)

Role: Director, 10%+ Owner
Signature: /s/ Ambyr O'Donnell as attorney-in-fact for Andrew Braccia
Issuer symbol: USER
Transactions as of: 16 Nov 2021
Transactions value $: $0
Form type: 3
Filing time: 16 Nov 2021, 17:31:12 UTC
Previous filing: 21 Jul 2021
Next filing: 22 Nov 2021
SEC: View on sec.gov

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
holding	USER	Series C Convertible Preferred Stock							16 Nov 2021	Common Stock	17,679,037		By Accel Growth Fund III LP	F1, F2
holding	USER	Series D Convertible Preferred Stock							16 Nov 2021	Common Stock	2,475,925		By Accel Growth Fund III LP	F1, F2
holding	USER	Series E Convertible Preferred Stock							16 Nov 2021	Common Stock	2,585,433		By Accel Growth Fund III LP	F1, F2
holding	USER	Series F Convertible Preferred Stock							16 Nov 2021	Common Stock	3,987,103		By Accel Growth Fund III LP	F1, F2
holding	USER	Series C Convertible Preferred Stock							16 Nov 2021	Common Stock	834,640		By Accel Growth Fund III Strategic Partners LP	F1, F3
holding	USER	Series D Convertible Preferred Stock							16 Nov 2021	Common Stock	116,891		By Accel Growth Fund III Strategic Partners LP	F1, F3
holding	USER	Series E Convertible Preferred Stock							16 Nov 2021	Common Stock	122,060		By Accel Growth Fund III Strategic Partners LP	F1, F3
holding	USER	Series F Convertible Preferred Stock							16 Nov 2021	Common Stock	188,234		By Accel Growth Fund III Strategic Partners LP	F1, F3
holding	USER	Series C Convertible Preferred Stock							16 Nov 2021	Common Stock	1,171,254		By Accel Growth Fund Investors 2014 LLC	F1, F4
holding	USER	Series D Convertible Preferred Stock							16 Nov 2021	Common Stock	164,028		By Accel Growth Fund Investors 2014 LLC	F1, F4
holding	USER	Series E Convertible Preferred Stock							16 Nov 2021	Common Stock	171,287		By Accel Growth Fund Investors 2014 LLC	F1, F4
holding	USER	Series F Convertible Preferred Stock							16 Nov 2021	Common Stock	264,149		By Accel Growth Fund Investors 2014 LLC	F1, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each share of the Issuer's Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock and Series F Preferred Stock will automatically convert into one (1) share of the Issuer's Common Stock immediately upon the closing of the Issuer's initial public offering and has no expiration date.
F2	The reported securities are held by the Accel Growth Fund III LP ("Accel III"). Accel Growth Fund III Associates L.L.C. ("Accel Growth Associates") is the general partner of Accel III. Accel Growth Associates has sole voting and dispositive power with regard to the securities held by Accel III. The Reporting Person is a managing member, together with Sameer Gandhi, Ping Li, Tracy Sedlock, Ryan Sweeney and Richard Wong, of Accel Growth Associates and therefore may be deemed to also share voting and dispositive power with regard to the securities held by Accel III. The Reporting Person disclaims beneficial ownership over the securities held by Accel III except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.
F3	The reported securities are held by the Accel Growth Fund III Strategic Partners LP ("Accel III Partners"). Accel Growth Associates is the general partner of Accel III Partners. Accel Growth Associates has sole voting and dispositive power with regard to the securities held by Accel III Partners. The Reporting Person is a managing member, together with Sameer Gandhi, Ping Li, Tracy Sedlock, Ryan Sweeney and Richard Wong, of Accel Growth Associates and therefore may be deemed to also share voting and dispositive power with regard to the securities held by Accel III Partners. The Reporting Person disclaims beneficial ownership over the securities held by Accel III Partners except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.
F4	The reported securities are held by Accel Growth Fund Investors 2014 L.L.C. ("Accel 2014"). The Reporting Person is a managing member, together with Sameer Gandhi, Ping Li, Tracy Sedlock, Ryan Sweeney and Richard Wong, of Accel 2014 and therefore may be deemed to also share voting and dispositive power with regard to the securities held by Accel 2014. The Reporting Person disclaims beneficial ownership over the securities held by Accel 2014 except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.