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 5th and 6th, 2024.

Summary

• Institutional Venture Partners XIII, L.P. sold shares of Inspirato Inc (ISPO) Class A Common Stock on June 5th and 6th, 2024.
• On June 5th, 7,473 shares were sold at a weighted average price of $4.00.
• On June 6th, 14,718 shares were sold at a weighted average price of $3.93.
• Following these transactions, Institutional Venture Partners XIII, L.P. beneficially owns 406,154 shares of Inspirato Inc.
• The sales were executed by Institutional Venture Management XIII, LLC, the general partner of Institutional Venture Partners XIII, L.P., with Tracy Hogan as Attorney-In-Fact.
• Several managing directors of IVM XIII, including Todd C. Chaffee, Norman A. Fogelsong, Stephen J. Harrick, J. Sanford Miller, and Dennis B. Phelps, Jr., may be deemed to have shared voting and dispositive power over the shares.

Sentiment

Score: 5

Explanation: Neutral. This is a standard SEC filing reporting the sale of shares by a major shareholder. It doesn't inherently indicate positive or negative sentiment about the company's future prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders or major shareholders of a publicly traded company buy or sell shares. This filing indicates a change in ownership by a significant shareholder, Institutional Venture Partners XIII, L.P.

Stakeholder Impact

• The sale of shares by a major shareholder could potentially create short-term selling pressure on the stock.
• The disclosure provides transparency to shareholders regarding the transactions of significant stakeholders.

Key Dates