SEC Form 4 · accession 0001209191-18-024644
SendGrid, Inc. · SEND
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
HIGHWAY 12 VENTURE FUND II LP
10% Owner
Mark Solon
10% Owner
Highway 12 Venture Fund II-B, L.P.
10% Owner
Highway 12 Ventures II, Inc.
10% Owner
Highway 12 Capital Partners II, LLC
10% Owner
Period of report
Apr 10, 2018
Accepted (ET)
Apr 11, 2018 · 4:40 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001477425
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Apr 10, 2018 | S | 960,788 | $22.86 | D | 1,441,182 | I | By: Highway 12 Venture Fund II, L.P. |
| Common StockF3 | Apr 10, 2018 | S | 845,270 | $22.86 | D | 1,267,904 | I | By: Highway 12 Venture Fund II-B, L.P |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Reporting Persons sold shares to the underwriters in connection with the closing of the Issuer's follow-on public offering. The reported sale price reflects the price at which the Reporting Persons sold shares to the underwriters, which is net of underwriting commissions.
- F2The shares are held by Highway 12 Venture Fund II, L.P. ("Fund II"). The general partner of Fund II is Highway 12 Capital Partners II, LLC ("Partners II"). Highway 12 Ventures II, Inc. ("Ventures II") is the manager of Partners II. Mark Solon, a former member of the Issuer's board of directors, is the managing partner of Ventures II and a managing partner of Techstars Ventures.
- F3The shares are held by Highway 12 Venture Fund II-B, L.P. ("Fund II-B") The general partner of Fund II-B is Partners II. Ventures II is the manager of Partners II. Mark Solon, a former member of the Issuer's board of directors, is the managing partner of Ventures II and a managing partner of Techstars Ventures.