Page 8 of 12 – SEC Filing
| ITEM 3. | SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. |
On September
30, 2013, SVP VIII entered into an Agreement of Purchase and Sale pursuant to which SVP VIII acquired from a stockholder of the
Issuer an aggregate 269,136 shares of Series B Convertible Preferred Stock for a purchase price of $0.35 per share, or $94,197.60
in the aggregate.
On October
1, 2013, SVP VIII entered into a Series D Preferred Stock Purchase Agreement pursuant to which SVP VIII acquired from the Issuer
an aggregate 8,916,123 shares of Series D-1 Convertible Preferred Stock for a purchase price of $0.5625 per share, or $5,015,319
in the aggregate, and subsequently 9,229,853 shares of Series D-2 Convertible Preferred Stock for a purchase price of $0.7594 per
share, or $7,009,150 in the aggregate.
On February
14, 2014, SVP VIII entered into a Series E Preferred Stock Purchase Agreement pursuant to which SVP VIII acquired from the Issuer
an aggregate 5,585,144 shares of Series E Convertible Preferred Stock for a purchase price of $1.128 per share, or $6,300,042 in
the aggregate.
In connection with the
Issuer’s initial public offering of Common Stock, which closed on March 26, 2014 (“Offering”), the shares of
Series B Convertible Preferred Stock previously acquired by SVP VIII were converted into Common Stock on a 1 for 11.5 basis.
In connection with the
Offering, the shares of Series D-1 Convertible Preferred Stock previously acquired by SVP VIII were converted into Common Stock
on a 1 for 11.5 basis.
In connection with the
Offering, the shares of Series D-2 Convertible Preferred Stock previously acquired by SVP VIII were converted into Common Stock
on a 1 for 11.5 basis.
In connection with the
Offering, the shares of Series E Convertible Preferred Stock previously acquired by SVP VIII were converted into Common Stock on
a 1 for 11.5 basis.
SVP VIII purchased 60,000 shares of the Common Stock at $21.00
per share in the Offering, or $1,260,000 in the aggregate.
On January 21, 2015 SVP VIII purchased 215,000 shares of Common
Stock in a secondary offering offered by Issuer pursuant to a Registration Statement on Form S-1 at the offering price of $17.25
per share, or $3,708,750 in the aggregate.
On February 24, 2017, SVP VIII disposed of 60,000 shares of
Common Stock in open market sales for an average price of $21.984 per share or $1,319,040 in the aggregate.
On February 27, 2017, SVP VIII disposed of 75,000 shares of
Common Stock in open market sales for an average price of $23.0295 per share or $1,727,213 in the aggregate.
On February 28, 2017, SVP VIII disposed of 1,000 shares of Common
Stock in open market sales for an average price of $22.05 per share or $22,050 in the aggregate.
On March 1, 2017, SVP VIII disposed of 15,882 shares of Common
Stock in open market sales for an average price of $22.3015 per share or $354,192 in the aggregate.
On March 2, 2017, SVP VIII disposed of 33,279 shares of Common
Stock in open market sales for an average price of $22.0601 per share or $734,138 in the aggregate.
