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

Institutional Venture Partners XIII, L.P. reports the sale of Inspirato Inc (ISPO) Class A Common Stock in multiple transactions on June 12 and 13, 2024.

Summary

• Institutional Venture Partners XIII, L.P. sold 11,603 shares of Inspirato Inc (ISPO) Class A Common Stock on June 12, 2024, at a weighted average price of $3.90.
• The prices for the June 12th transactions ranged from $3.89 to $3.99.
• Following this transaction, Institutional Venture Partners XIII, L.P. directly owns 368,626 shares.
• On June 13, 2024, they sold an additional 7,639 shares at a weighted average price of $3.91, with prices ranging from $3.90 to $4.03.
• After the June 13th transaction, the direct ownership decreased to 360,987 shares.
• The filing also includes information for Institutional Venture Management XIII, LLC, Todd C. Chaffee, Norman A. Fogelsong, Stephen J. Harrick, J. Sanford Miller, and Dennis B. Phelps, Jr., who may be deemed to have shared voting and dispositive power with respect to the securities held by IVP XIII.

Sentiment

Score: 4

Explanation: The sentiment is neutral to slightly negative as a major shareholder is selling shares, which could indicate a lack of confidence or a portfolio rebalancing strategy. However, the filing itself is a routine disclosure.

Negatives

• Institutional Venture Partners XIII, L.P., a significant shareholder, is reducing its stake in Inspirato Inc.

Risks

• Continued selling pressure from Institutional Venture Partners XIII, L.P. could negatively impact the stock price.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders or major shareholders trade shares of their company; this filing indicates changes in ownership for Inspirato Inc.

Stakeholder Impact

• Shareholders may react to the news of Institutional Venture Partners XIII, L.P. selling shares, potentially impacting the stock price.

Key Dates