Henrik Werdelin - 22 Mar 2022 Form 4 Insider Report for Bark, Inc. (BARK)

Role
Chief Strategy Officer, Director
Signature
by Allison Koehler, Attorney in fact for Henrik Werdelin
Issuer symbol
BARK
Transactions as of
22 Mar 2022
Net transactions value
-$3,256,511
Form type
4
Filing time
24 Mar 2022, 19:32:57 UTC
Previous filing
03 Jun 2021
Next filing
08 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BARK Common Stock Options Exercise $808,185 +792,338 +4243% $1.02 811,012 22 Mar 2022 Direct
transaction BARK Common Stock Tax liability $808,186 -196,639 -24% $4.11 614,373 22 Mar 2022 Direct F1
holding BARK Common Stock 11,040,385 22 Mar 2022 By LLC 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 BARK Stock Option (right to buy) Tax liability $3,256,509 -792,338 -100% $4.11 0 22 Mar 2022 Common Stock 792,338 $1.02 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Issuer withheld 196,639 shares of common stock of BARK on the net exercise of the Stock Option to satisfy the exercise price of $1.02 per share based on the BARK closing stock price of $4.11 on March 22, 2022.
F2 The shares of Common Stock were received in exchange for 1,262,831 shares of common stock of BARK in connection with the Merger. The shares are held by Prehype Ventures LLC. The Reporting Person is the managing member of Prehype Ventures LLC and has sole voting and investment power with regard to the shares held by Prehype Ventures LLC.
F3 The Stock Option was received in exchange for an option to purchase 90,630 shares of common stock of BARK in connection with the Merger. The Stock Option is fully vested.

Remarks:

The reporting person received 595,699 shares of common stock on net exercise of an option for 792,338 shares of common stock. The Issuer withheld 196,639 shares of common stock underlying the option for payment of the exercise price of $1.02 based on the closing stock price on March 22, 2022 of $4.11.