Abdiel Capital Management, LLC - Jan 9, 2024 Form 4 Insider Report for Cricut, Inc. (CRCT)

Role: 10%+ Owner
Signature: By: /s/ Colin T. Moran as managing member of Abdiel Capital Management, LLC
Stock symbol: CRCT
Transactions as of: Jan 9, 2024
Transactions value $: -$19,018,685
Form type: 4
Date filed: 1/11/2024, 07:35 PM
Previous filing: Dec 19, 2023
Next filing: Feb 23, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CRCT	Class A Common Stock	Sale	-$388K	-60.2K	-0.64%	$6.44	9.33M	Jan 9, 2024	By Abdiel Qualified Master Fund, LP	F1, F2
transaction	CRCT	Class A Common Stock	Sale	-$331K	-52.1K	-0.56%	$6.35	9.27M	Jan 10, 2024	By Abdiel Qualified Master Fund, LP	F2
transaction	CRCT	Class A Common Stock	Sale	-$17.7M	-2.9M	-31.31%	$6.10	6.37M	Jan 11, 2024	By Abdiel Qualified Master Fund, LP	F2
transaction	CRCT	Class A Common Stock	Sale	-$587K	-96.2K	-1.51%	$6.10	6.27M	Jan 11, 2024	By Abdiel Capital, LP	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported for the Common Stock is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.44 to $6.46. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2	The share numbers in Column 5 represent the aggregated holdings of Abdiel Qualified Master Fund, LP ("AQMF") and Abdiel Capital, LP ("ACLP"). Abdiel Capital Management, LLC is the general partner of AQMF and ACLP, and Abdiel Capital Advisors, LP serves as the investment manager of AQMF and ACLP. Colin T. Moran is the managing member of Abdiel Capital Management, LLC and Abdiel Capital Partners, LLC, which is the general partner of Abdiel Capital Advisors, LP. By virtue of the foregoing relationships, each of the Reporting Persons may be deemed to beneficially own the securities held by AQMF and ACLP. Each Reporting Person disclaims beneficial ownership of such securities, except to the extent of its or his pecuniary interest therein.

Content

The price reported for the Common Stock is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.44 to $6.46. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

The share numbers in Column 5 represent the aggregated holdings of Abdiel Qualified Master Fund, LP ("AQMF") and Abdiel Capital, LP ("ACLP"). Abdiel Capital Management, LLC is the general partner of AQMF and ACLP, and Abdiel Capital Advisors, LP serves as the investment manager of AQMF and ACLP. Colin T. Moran is the managing member of Abdiel Capital Management, LLC and Abdiel Capital Partners, LLC, which is the general partner of Abdiel Capital Advisors, LP. By virtue of the foregoing relationships, each of the Reporting Persons may be deemed to beneficially own the securities held by AQMF and ACLP. Each Reporting Person disclaims beneficial ownership of such securities, except to the extent of its or his pecuniary interest therein.