Joanna Coles - May 12, 2023 Form 4 Insider Report for Bark, Inc. (BARK)

Role: Director
Signature: /s/ Allison Koehler, Attorney in fact for Joanna Coles
Stock symbol: BARK
Transactions as of: May 12, 2023
Transactions value $: $0
Form type: 4
Date filed: 7/3/2023, 06:15 PM
Previous filing: May 4, 2023
Next filing: Jun 6, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BARK	Common Stock	Other		-2.03M	-100%		0	May 12, 2023	By Northern Star Sponsor LLC	F1, F2, F3
holding	BARK	Common Stock						373K	May 12, 2023	Direct	F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	BARK	Warrants	Other		-2.28M	-100%		0	May 12, 2023	Common Stock	2.28M	$11.50	By Northern Star Sponsor LLC	F1, F2, F3

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

Explanation of Responses:

Id	Content
F1	As previously reported, the reporting person had been a managing member of Northern Star Sponsor LLC ("NS1 Sponsor") together with Jonathan Ledecky, and previously reported beneficial ownership of all shares of the Issuer's common stock ("Common Stock") and warrants to purchase Common Stock ("Warrants") held directly by NS1 Sponsor, disclaiming beneficial ownership of such securities except to the extent of her pecuniary interest therein. The reporting person ceased to be a managing member of NS1 Sponsor effective May 12, 2023.
F2	On May 12, 2023, NS1 Sponsor effected an in-kind distribution of all shares of Common Stock and Warrants held directly by NS1 Sponsor to its members. With respect to the shares of Common Stock and Warrants allocable to the reporting person through her membership interests in NS1 Sponsor, on May 12, 2023, the reporting person entered into an agreement with NS1 Sponsor and Mr. Ledecky pursuant to which the parties agreed, among other things, that NS1 Sponsor would distribute in kind to Mr. Ledecky all of the shares of Common Stock and Warrants then held by NS1 Sponsor and allocable to the reporting person through her membership interests in NS1 Sponsor, except for 300,000 shares of such Common Stock to be distributed in kind to the reporting person, in exchange for cancellation of promissory notes valued at an aggregate of $14,625,000 that the reporting person had previously issued to Mr. Ledecky that were secured, in part, by her membership interests in NS1 Sponsor.
F3	The remaining shares of Common Stock and Warrants distributed to the other members of NS1 Sponsor, in which the reporting person had no pecuniary interest, are not being reported herein, as the reporting person has no reporting obligation under Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") for transactions in such securities.
F4	Includes 300,000 shares of Common Stock that were distributed in kind to the reporting person in a transaction exempt from Section 16 pursuant to Rule 16a-13 under the Exchange Act.