Filing Details

Accession Number:
0001193125-22-034400
Form Type:
13G Filing
Publication Date:
2022-02-09 19:00:00
Filed By:
Mayfield Xiii, A Cayman Islands Exempted Limited Partnership
Company:
Poshmark Inc.
Filing Date:
2022-02-10
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Mayfield XIII, a Cayman Islands Exempted Limited Partnership 0 15,748,793 0 15,748,793 15,748,793 25.0%
Mayfield XIII Management (EGP) 0 15,748,793 0 15,748,793 15,748,793 25.0%
Mayfield XIII Management (UGP), Ltd., a Cayman Islands Exempted Company 0 15,748,793 0 15,748,793 15,748,793 25.0%
Mayfield Select, a Cayman Islands Exempted Limited Partnership 0 1,504,854 0 1,504,854 1,504,854 3.1%
Mayfield Select Management (EGP) 0 1,504,854 0 1,504,854 1,504,854 3.1%
Mayfield Select Management (UGP), Ltd., a Cayman Islands Exempted Company 0 1,504,854 0 1,504,854 1,504,854 3.1%
Filing

 

 

Securities and Exchange Commission

Washington, D.C. 20549

 

 

Schedule 13G

(Rule 13d-102)

 

 

Information to be Included in Statements Filed Pursuant

to § 240.13d-1(b), (c) and (d) and Amendments Thereto Filed

Pursuant to § 240.13d-2

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No.    )*

 

 

Poshmark, Inc.

(Name of Issuer)

Class A Common Stock

(Title of Class of Securities)

73739W104

(CUSIP Number)

December 31, 2021

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

Rule 13d-1(b)

 

Rule 13d-1(c)

 

Rule 13d-1(d)

 

*

The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


CUSIP No. 73739W104    Schedule 13G    Page 2 of 13

 

  1    

  Names of Reporting Persons

 

  Mayfield XIII, a Cayman Islands Exempted Limited Partnership

  2  

  Check the Appropriate Box if a Member of a Group (a)

  (a)  ☐        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  Cayman Islands

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5     

  Sole Voting Power

 

  0

   6   

  Shared Voting Power

 

  15,748,793

   7   

  Sole Dispositive Power

 

  0

   8   

  Shared Dispositive Power

 

  15,748,793

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  15,748,793

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  25.0%

12  

  Type of Reporting Person

 

  PN


CUSIP No. 73739W104    Schedule 13G    Page 3 of 13

 

  1    

  Names of Reporting Persons

 

  Mayfield XIII Management (EGP), L.P., a Cayman Islands Exempted Limited Partnership

  2  

  Check the Appropriate Box if a Member of a Group (a)

  (a)  ☐        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  Cayman Islands

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5     

  Sole Voting Power

 

  0

   6   

  Shared Voting Power

 

  15,748,793

   7   

  Sole Dispositive Power

 

  0

   8   

  Shared Dispositive Power

 

  15,748,793

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  15,748,793

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  25.0%

12  

  Type of Reporting Person

 

  PN


CUSIP No. 73739W104    Schedule 13G    Page 4 of 13

 

  1    

  Names of Reporting Persons

 

  Mayfield XIII Management (UGP), Ltd., a Cayman Islands Exempted Company

  2  

  Check the Appropriate Box if a Member of a Group (a)

  (a)  ☐        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  Cayman Islands

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5     

  Sole Voting Power

 

  0

   6   

  Shared Voting Power

 

  15,748,793

   7   

  Sole Dispositive Power

 

  0

   8   

  Shared Dispositive Power

 

  15,748,793

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  15,748,793

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  25.0%

12  

  Type of Reporting Person

 

  CO


CUSIP No. 73739W104    Schedule 13G    Page 5 of 13

 

  1    

  Names of Reporting Persons

 

  Mayfield Select, a Cayman Islands Exempted Limited Partnership

  2  

  Check the Appropriate Box if a Member of a Group (a)

  (a)  ☐        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  Cayman Islands

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5     

  Sole Voting Power

 

  0

   6   

  Shared Voting Power

 

  1,504,854

   7   

  Sole Dispositive Power

 

  0

   8   

  Shared Dispositive Power

 

  1,504,854

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  1,504,854

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  3.1%

12  

  Type of Reporting Person

 

  PN


CUSIP No. 73739W104    Schedule 13G    Page 6 of 13

 

  1    

  Names of Reporting Persons

 

  Mayfield Select Management (EGP), L.P., a Cayman Islands Exempted Limited Partnership

  2  

  Check the Appropriate Box if a Member of a Group (a)

  (a)  ☐        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  Cayman Islands

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5     

  Sole Voting Power

 

  0

   6   

  Shared Voting Power

 

  1,504,854

   7   

  Sole Dispositive Power

 

  0

   8   

  Shared Dispositive Power

 

  1,504,854

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  1,504,854

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  3.1%

12  

  Type of Reporting Person

 

  PN


CUSIP No. 73739W104    Schedule 13G    Page 7 of 13

 

  1    

  Names of Reporting Persons

 

  Mayfield Select Management (UGP), Ltd., a Cayman Islands Exempted Company

  2  

  Check the Appropriate Box if a Member of a Group (a)

  (a)  ☐        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  Cayman Islands

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5     

  Sole Voting Power

 

  0

   6   

  Shared Voting Power

 

  1,504,854

   7   

  Sole Dispositive Power

 

  0

   8   

  Shared Dispositive Power

 

  1,504,854

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  1,504,854

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  3.1%

12  

  Type of Reporting Person

 

  CO


CUSIP No. 73739W104    Schedule 13G    Page 8 of 13

 

ITEM 1.

(a) Name of Issuer:

Poshmark, Inc. (the Issuer).

(b) Address of Issuers Principal Executive Offices:

203 Redwood Shores Parkway, 8th Floor, Redwood City, CA 94065

 

ITEM 2.

(a) Name of Person Filing:

Each of the following is hereinafter individually referred to as a Reporting Person and collectively as the Reporting Persons. This statement is filed on behalf of:

 

  (i)

Mayfield XIII, a Cayman Islands Exempted Limited Partnership (MF XIII),

 

  (ii)

Mayfield XIII Management (EGP), L.P., a Cayman Islands Exempted Limited Partnership (MF XIII EGP),

 

  (iii)

Mayfield XIII Management (UGP), Ltd., a Cayman Islands Exempted Company (MF XIII UGP),

 

  (i)

Mayfield Select, a Cayman Islands Exempted Limited Partnership (MF Select),

 

  (ii)

Mayfield Select Management (EGP), L.P., a Cayman Islands Exempted Limited Partnership (MF Select EGP), and

 

  (iii)

Mayfield Select Management (UGP), Ltd., a Cayman Islands Exempted Company (MF Select UGP).

(b) Address or Principal Business Office:

The principal business address of each of the Reporting Persons is 2484 Sand Hill Road, Menlo Park, CA 94025.

(c) Citizenship of each Reporting Person is:

Each of the Reporting Persons is organized under the laws of the Cayman Islands.

(d) Title of Class of Securities:

Class A Common Stock, par value $0.0001 per share (Class A Common Stock).

(e) CUSIP Number:

73739W104


CUSIP No. 73739W104    Schedule 13G    Page 9 of 13

 

ITEM 3.

Not applicable.

 

ITEM 4.

Ownership.

(a-c)

The ownership information presented below represents beneficial ownership of Class A Common Stock of the Issuer as of December 31, 2021, based upon 47,209,629 shares of Class A Common Stock outstanding as of October 31, 2021, based on the Issuers Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 12, 2021.

 

Reporting Person   

Amount

beneficially

owned

    

Percent

of class:

    Sole power
to vote or
to direct
the vote:
     Shared
power to
vote or to
direct the
vote:
    

Sole
power to
dispose or
to direct
the
disposition

of:

    

Shared

power to

dispose or

to direct

the

disposition

of:

 

Mayfield XIII, a Cayman Islands Exempted Limited Partnership

     15,748,793        25.0     0        15,748,793        0        15,748,793  

Mayfield XIII Management (EGP), L.P., a Cayman Islands Exempted Limited Partnership

     15,748,793        25.0     0        15,748,793        0        15,748,793  

Mayfield XIII Management (UGP), Ltd., a Cayman Islands Exempted Company

     15,748,793        25.0     0        15,748,793        0        15,748,793  

Mayfield Select, a Cayman Islands Exempted Limited Partnership

     1,504,854        3.1     0        1,504,854        0        1,504,854  

Mayfield Select Management (EGP), L.P., a Cayman Islands Exempted Limited Partnership

     1,504,854        3.1     0        1,504,854        0        1,504,854  

Mayfield Select Management (UGP), Ltd., a Cayman Islands Exempted Company

     1,504,854        3.1     0        1,504,854        0        1,504,854  

MF XIII may be deemed to beneficially own 15,748,793 shares of Class A Common Stock issuable upon conversion of 15,748,793 shares of Class B Common Stock. MF XIII UGP is the general partner of MF XIII EGP, which is the general partner of MF XIII. As a result, each of the foregoing entities may be deemed to share beneficial ownership of the securities held of record by MF XIII, but each such entity disclaims any such beneficial ownership.


CUSIP No. 73739W104    Schedule 13G    Page 10 of 13

 

MF Select may be deemed to beneficially own 1,504,854 shares of Class A Common Stock issuable upon conversion of 1,504,854 shares of Class B Common Stock. MF Select UGP is the general partner of MF Select EGP, which is the general partner of MF Select. As a result, each of the foregoing entities may be deemed to share beneficial ownership of the securities held of record by MF Select, but each such entity disclaims any such beneficial ownership.

 

ITEM 5.

Ownership of Five Percent or Less of a Class.

Not applicable.

 

ITEM 6.

Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

 

ITEM 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

Not applicable.

 

ITEM 8.

Identification and Classification of Members of the Group.

Not applicable.

 

ITEM 9.

Notice of Dissolution of Group.

Not applicable.

 

ITEM 10.

Certification.

Not applicable.


CUSIP No. 73739W104    Schedule 13G    Page 11 of 13

 

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: February 10, 2022

 

Mayfield XIII, a Cayman Islands Exempted Limited Partnership
By:   Mayfield XIII Management (EGP), L.P.,
  a Cayman Islands Exempted Limited Partnership,
  its general partner
By:   Mayfield XIII Management (UGP), Ltd.,
  a Cayman Islands Exempted Company,
  its general partner
By:  

/s/ Paul Kohli

Name:   Paul Kohli
Title:   Authorized Signatory
Mayfield XIII Management (EGP), L.P., a Cayman Islands Exempted Limited Partnership
By:   Mayfield XIII Management (UGP), Ltd.,
  a Cayman Islands Exempted Company,
  its general partner
By:  

/s/ Paul Kohli

Name:   Paul Kohli
Title:   Authorized Signatory
Mayfield XIII Management (UGP), Ltd., a Cayman Islands Exempted Company
By:  

/s/ Paul Kohli

Name:   Paul Kohli
Title:   Authorized Signatory

CUSIP No. 73739W104    Schedule 13G    Page 12 of 13

 

Mayfield Select, a Cayman Islands Exempted Limited Partnership
By:   Mayfield Select Management (EGP), L.P.,
  a Cayman Islands Exempted Limited Partnership,
  its general partner
By:   Mayfield Select Management (UGP), Ltd.,
  a Cayman Islands Exempted Company,
  its general partner
By:  

/s/ Paul Kohli

Name:   Paul Kohli
Title:   Authorized Signatory
Mayfield Select Management (EGP), L.P., a Cayman Islands Exempted Limited Partnership
By:   Mayfield Select Management (UGP), Ltd.,
  a Cayman Islands Exempted Company,
  its general partner
By:  

/s/ Paul Kohli

Name:   Paul Kohli
Title:   Authorized Signatory
Mayfield Select Management (UGP), Ltd., a Cayman Islands Exempted Company
By:  

/s/ Paul Kohli

Name:   Paul Kohli
Title:   Authorized Signatory

CUSIP No. 73739W104    Schedule 13G    Page 13 of 13

 

LIST OF EXHIBITS

 

Exhibit No.

  

Description

99    Joint Filing Agreement.