Andrew Braccia - 19 Nov 2021 Form 4 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
19 Nov 2021
Net transactions value
$0
Form type
4
Filing time
22 Nov 2021, 16:55:51 UTC
Previous filing
16 Nov 2021
Next filing
03 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction USER Common Stock Conversion of derivative security $0 +17,679,037 $0.000000 17,679,037 19 Nov 2021 By Accel Growth Fund III LP F1, F2
transaction USER Common Stock Conversion of derivative security $0 +2,475,925 +14% $0.000000 20,154,962 19 Nov 2021 By Accel Growth Fund III LP F1, F2
transaction USER Common Stock Conversion of derivative security $0 +2,585,433 +13% $0.000000 22,740,395 19 Nov 2021 By Accel Growth Fund III LP F1, F2
transaction USER Common Stock Conversion of derivative security $0 +3,987,103 +18% $0.000000 26,727,498 19 Nov 2021 By Accel Growth Fund III LP F1, F2
transaction USER Common Stock Conversion of derivative security $0 +834,640 $0.000000 834,640 19 Nov 2021 By Accel Growth Fund III Strategic Partners LP F1, F3
transaction USER Common Stock Conversion of derivative security $0 +116,891 +14% $0.000000 951,531 19 Nov 2021 By Accel Growth Fund III Strategic Partners LP F1, F3
transaction USER Common Stock Conversion of derivative security $0 +122,060 +13% $0.000000 1,073,591 19 Nov 2021 By Accel Growth Fund III Strategic Partners LP F1, F3
transaction USER Common Stock Conversion of derivative security $0 +188,234 +18% $0.000000 1,261,825 19 Nov 2021 By Accel Growth Fund III Strategic Partners LP F1, F3
transaction USER Common Stock Conversion of derivative security $0 +1,171,254 $0.000000 1,171,254 19 Nov 2021 By Accel Growth Fund Investors 2014 LLC F1, F4
transaction USER Common Stock Conversion of derivative security $0 +164,028 +14% $0.000000 1,335,282 19 Nov 2021 By Accel Growth Fund Investors 2014 LLC F1, F4
transaction USER Common Stock Conversion of derivative security $0 +171,287 +13% $0.000000 1,506,569 19 Nov 2021 By Accel Growth Fund Investors 2014 LLC F1, F4
transaction USER Common Stock Conversion of derivative security $0 +264,149 +18% $0.000000 1,770,718 19 Nov 2021 By Accel Growth Fund Investors 2014 LLC F1, F4

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 USER Series C Convertible Preferred Stock Conversion of derivative security $0 -17,679,037 -100% $0.000000* 0 19 Nov 2021 Common Stock 17,679,037 By Accel Growth Fund III LP F1, F2
transaction USER Series D Convertible Preferred Stock Conversion of derivative security $0 -2,475,925 -100% $0.000000* 0 19 Nov 2021 Common Stock 2,475,925 By Accel Growth Fund III LP F1, F2
transaction USER Series E Convertible Preferred Stock Conversion of derivative security $0 -2,585,433 -100% $0.000000* 0 19 Nov 2021 Common Stock 2,585,433 By Accel Growth Fund III LP F1, F2
transaction USER Series F Convertible Preferred Stock Conversion of derivative security $0 -3,987,103 -100% $0.000000* 0 19 Nov 2021 Common Stock 3,987,103 By Accel Growth Fund III LP F1, F2
transaction USER Series C Convertible Preferred Stock Conversion of derivative security $0 -834,640 -100% $0.000000* 0 19 Nov 2021 Common Stock 834,640 By Accel Growth Fund III Strategic Partners LP F1, F3
transaction USER Series D Convertible Preferred Stock Conversion of derivative security $0 -116,891 -100% $0.000000* 0 19 Nov 2021 Common Stock 116,891 By Accel Growth Fund III Strategic Partners LP F1, F3
transaction USER Series E Convertible Preferred Stock Conversion of derivative security $0 -122,060 -100% $0.000000* 0 19 Nov 2021 Common Stock 122,060 By Accel Growth Fund III Strategic Partners LP F1, F3
transaction USER Series F Convertible Preferred Stock Conversion of derivative security $0 -188,234 -100% $0.000000* 0 19 Nov 2021 Common Stock 188,234 By Accel Growth Fund III Strategic Partners LP F1, F3
transaction USER Series C Convertible Preferred Stock Conversion of derivative security $0 -1,171,254 -100% $0.000000* 0 19 Nov 2021 Common Stock 1,171,254 By Accel Growth Fund Investors 2014 LLC F1, F4
transaction USER Series D Convertible Preferred Stock Conversion of derivative security $0 -164,028 -100% $0.000000* 0 19 Nov 2021 Common Stock 164,028 By Accel Growth Fund Investors 2014 LLC F1, F4
transaction USER Series E Convertible Preferred Stock Conversion of derivative security $0 -171,287 -100% $0.000000* 0 19 Nov 2021 Common Stock 171,287 By Accel Growth Fund Investors 2014 LLC F1, F4
transaction USER Series F Convertible Preferred Stock Conversion of derivative security $0 -264,149 -100% $0.000000* 0 19 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 automatically converted into one (1) share of the Issuer's Common Stock, for no additional consideration, immediately prior to the closing of the Issuer's initial public offering of Common Stock (the "IPO") and had 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.