| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CVT | Class A ordinary shares | Award | +5M | 5M | Dec 7, 2021 | See footnote | F1, F2 | |||
| transaction | CVT | Class B ordinary shares | Other | -6.6M | -50% | 6.6M | Dec 7, 2021 | See footnote | F2, F3 |
Marc Stad is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
| Id | Content |
|---|---|
| F1 | In connection with the consummation of the transactions contemplated by the Issuer's Forward Purchase Agreement dated October 29, 2020, by and between Dragoneer Growth Opportunities Corp. II ("Dragoneer") and Dragoneer Funding II LLC ("Dragoneer Funding II") (the "FPA"), Dragoneer Funding II purchased 5,000,000 Class A ordinary shares of Dragoneer, par value $0.0001 per share, from Dragoneer at a price of $10.00 per share and assigned them to Dragoneer Funding II-A LLC ("Dragoneer Funding II-A"), an affiliate of Dragoneer Funding II. |
| F2 | The ultimate managing member of Dragoneer Funding II is controlled by Marc Stad. Mr. Stad disclaims beneficial ownership over the securities reported herein, except to the extent of his pecuniary interest therein. |
| F3 | Includes 6,600,000 Class B ordinary shares of Dragoneer, par value $0.0001 per share (the "Founder Shares"), held in the name of Dragoneer Growth Opportunities Holdings II (the "Sponsor"). Marc Stad is the sole member of the ultimate general partner of Dragoneer Interco Holdings LP, which is the ultimate manager of Sponsor. As a result of the foregoing, Mr. Stad may be deemed to beneficially own the Founder Shares. Mr. Stad disclaims beneficial ownership over any of the Founder Shares other than to the extent of any pecuniary interest he may have therein, and the inclusion of the Founder Shares in this report shall not be deemed an admission of beneficial ownership of the Founder Shares. |
This "Exit" Form 4 is voluntarily filed to report that the Marc Stad is no longer serving in the role as the Company's director and chief executive officer, effective as of December 8, 2021, and therefore is no longer subject to Section 16 reporting. Mr. Stad did not have any other transactions in the Issuer's securities during the time that he was a Section 16 reporting person other than those previously disclosed in Initial Statement of Beneficial Ownership of Securities on Form 3, filed on November 16, 2020.