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 over three days in June 2024.

Summary

• Institutional Venture Partners XIII, L.P. sold shares of Inspirato Inc (ISPO) Class A Common Stock.
• The sales occurred on June 7, 10, and 11, 2024.
• On June 7, 2024, 12,603 shares were sold at a weighted average price of $3.92.
• On June 10, 2024, 5,399 shares were sold at a weighted average price of $3.92.
• On June 11, 2024, 7,923 shares were sold at a weighted average price of $3.91.
• Following these transactions, Institutional Venture Partners XIII, L.P. beneficially owns 380,229 shares of Inspirato Inc.
• The shares are held by Institutional Venture Partners XIII, L.P., with Institutional Venture Management XIII, LLC as the general partner.
• Todd C. Chaffee, Norman A. Fogelsong, Stephen J. Harrick, J. Sanford Miller, and Dennis B. Phelps, Jr., as managing directors of IVMXIII, may be deemed to have shared voting and dispositive power.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting share sales, which is neutral in sentiment. It doesn't inherently indicate positive or negative sentiment towards the company's prospects.

Industry Context

This Form 4 filing indicates a change in ownership by a major shareholder, Institutional Venture Partners, which is a common occurrence. The impact on the stock price will depend on market perception of the reasons behind the sale and the overall market conditions.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders, as mandated by the SEC.
• The volume of shares sold is relatively small compared to the total outstanding shares of Inspirato Inc.
• Similar transactions are regularly observed across various publicly traded companies, with the significance varying based on the size of the transaction and the profile of the reporting person.

Stakeholder Impact

• The sale of shares by a major shareholder could potentially create uncertainty among existing shareholders.
• The impact on employees, customers, suppliers, and creditors is likely to be minimal unless the sales indicate a significant change in the company's financial health or strategic direction.

Key Dates