08/18/2022 | Press release | Distributed by Public on 08/18/2022 13:31
FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Title of Derivate Security | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security | 8. Price of Derivative Security | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) | 11. Nature of Indirect Beneficial Ownership |
Code | V | (A) | (D) | Date Exercisable | Expriation Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Fifth Wall Ventures Management GP, LLC 6060 CENTER DRIVE, 10TH FLOOR LOS ANGELES, CA90045 |
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X |
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Fifth Wall Ventures Management, L.P. 6060 CENTER DRIVE, 10TH FLOOR LOS ANGELES, CA90045 |
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X |
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Fifth Wall Ventures GP, LLC 6060 CENTER DRIVE, 10TH FLOOR LOS ANGELES, CA90045 |
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X |
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Fifth Wall Ventures, L.P. 6060 CENTER DRIVE, 10TH FLOOR LOS ANGELES, CA90045 |
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X |
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Fifth Wall Ventures SPV IV, L.P. 6060 CENTER DRIVE, 10TH FLOOR LOS ANGELES, CA90045 |
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X |
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Fifth Wall Ventures SPV XVII, L.P. 6060 CENTER DRIVE, 10TH FLOOR LOS ANGELES, CA90045 |
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X |
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FIFTH WALL VENTURES MANAGEMENT GP, LLC; By: /s/ Oded Cedar, Authorized Signatory | 2022-08-18 |
**Signature of Reporting Person | Date |
FIFTH WALL VENTURES MANAGEMENT, L.P.; By: Fifth Wall Ventures Management GP, LLC, its general partner; By: /s/ Oded Cedar, Authorized Signatory | 2022-08-18 |
**Signature of Reporting Person | Date |
FIFTH WALL VENTURES GP, LLC; By: /s/ Oded Cedar, Authorized Signatory | 2022-08-18 |
**Signature of Reporting Person | Date |
FIFTH WALL VENTURES, L.P.; By: Fifth Wall Ventures GP, LLC, its general partner; By: /s/ Oded Cedar, Authorized Signatory | 2022-08-18 |
**Signature of Reporting Person | Date |
FIFTH WALL VENTURES SPV IV, L.P.; By: Fifth Wall Ventures GP, LLC, its general partner; By: /s/ Oded Cedar, Authorized Signatory | 2022-08-18 |
**Signature of Reporting Person | Date |
FIFTH WALL VENTURES SPV XVII, L.P.; By: Fifth Wall Ventures GP, LLC, its general partner; By: /s/ Oded Cedar, Authorized Signatory | 2022-08-18 |
**Signature of Reporting Person | Date |
(*) | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
(**) | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | On August 18, 2022, Fifth Wall Ventures SPV IV, L.P. distributed, for no consideration, 3,345,998 shares of Common Stock to Fifth Wall Ventures, L.P., 961,882 shares of Common Stock to Fifth Wall Ventures GP, LLC and 21,254,929 shares of Common Stock to LEN FW Investor, LLC. |
(2) | Fifth Wall Ventures GP, LLC is the general partner of Fifth Wall Ventures SPV XVII, L.P., Fifth Wall Ventures SPV IV, L.P. and Fifth Wall Ventures, L.P., each a Delaware limited partnership (the "Subsidiary Funds"). Fifth Wall Ventures Management, L.P. serves as the sole manager of Fifth Wall Ventures GP, LLC. Fifth Wall Ventures Management GP, LLC is the general partner of Fifth Wall Ventures Management, L.P. Each of Fifth Wall Ventures Management, L.P. and Fifth Wall Ventures Management GP, LLC expressly disclaims beneficial ownership of the shares held by Fifth Wall Ventures GP, LLC and each Subsidiary Fund. Fifth Wall Ventures GP, LLC expressly disclaims ownership of any shares held by each Subsidiary Fund. Each Subsidiary Fund expressly disclaims ownership of any shares held by Fifth Wall Ventures GP, LLC and any other Subsidiary Fund. |
(3) | Represents securities held by Fifth Wall Ventures SPV IV, L.P. Effective as of October 23, 2018, Fifth Wall Ventures SPV IV, L.P. granted LEN FW Investor, LLC an irrevocable voting proxy (the "Proxy") in respect of all shares held by Fifth Wall Ventures SPV IV, L.P. The 411,765 shares held directly by Fifth Wall Ventures SPV IV L.P. are subject to the Proxy. |
(4) | Represents securities held by Fifth Wall Ventures, L.P. |
(5) | On August 18, 2022, Fifth Wall Ventures SPV XVII, L.P. distributed, for no consideration, 173,747 shares of Common Stock to American Investment Holdings LLC. |
(6) | Represents securities held by Fifth Wall Ventures SPV XVII, L.P. |
(7) | Represents securities held by Fifth Wall Ventures GP, LLC. |