Form 4: Institutional Venture Partners XIII, L.P. Sells 200 Shares of Inspirato Inc (ISPO)

Institutional Venture Partners XIII, L.P., a 10% owner and director in Inspirato Inc, disposed of 200 shares of Class A Common Stock on April 3, 2024, at a price of $4 per share.

Summary

• On April 3, 2024, Institutional Venture Partners XIII, L.P. (IVP XIII) sold 200 shares of Inspirato Inc (ISPO) Class A Common Stock.
• The transaction was executed at a price of $4 per share.
• Following the transaction, IVP XIII still beneficially owns 441,866 shares of Inspirato Inc.
• The filing also includes information for Institutional Venture Management XIII, LLC (IVM XIII), the general partner of IVP XIII, and its managing directors: Todd C. Chaffee, Norman A. Fogelsong, Stephen J. Harrick, J. Sanford Miller, and Dennis B. Phelps, Jr.
• These individuals may be deemed to have shared voting and dispositive power with respect to the securities held by IVP XIII but disclaim beneficial ownership except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports a transaction. The sale of shares by a significant shareholder could be interpreted negatively, but without further context, it's difficult to assess the impact.

Negatives

• Institutional Venture Partners XIII, L.P. reduced its holdings in Inspirato Inc.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders (officers, directors, or those holding more than 10% of a company's shares) trade in their company's stock; this provides transparency to the market.

Stakeholder Impact

• The sale of shares by a major shareholder could potentially influence investor sentiment.

Key Dates