EXPLANATION OF RESPONSES
(1) | The Class B common stock automatically converted into Class A common stock of the issuer on a one-for-one basis upon the occurrence of the Initial Distribution (as defined below). |
(2) | Held directly by Insight Venture Partners VII, L.P. (“IVP VII”). |
(3) | Held directly by Insight Venture Partners (Cayman) VII, L.P. (“IVP Cayman VII”). |
(4) | Held directly by Insight Venture Partners (Delaware) VII, L.P. (“IVP Delaware VII”). |
(5) | Held directly by Insight Venture Partners VII (Co-Investors), L.P. (“IVP Co-Investors VII” and, together with IVP VII, IVP Cayman VII and IVP Delaware VII, the “IVP VII Funds”). |
(6) | Held directly by Insight Venture Partners Coinvestment Fund II, L.P. (“IVP Coinvestment II” and, together with the IVP VII Funds, the “Insight Funds”). |
(8) | Held directly by IVP Venice. |
(9) | Each share of the issuer's Class B common stock will convert into 1 share of the issuer's Class A common stock (a) at the option of the holder and (b) automatically upon (i) any transfer which occurs after the closing of the issuer's IPO, except for certain permitted transfers, or (ii) the date that is the earliest of (x) the date specified by a vote of the holders of not less than a majority of the outstanding shares of Class B common stock, (y) seven years from the effective date of the IPO and (z) the date that the total number of shares of outstanding Class B common stock ceases to represent at least 15% of all outstanding shares of the issuer's common stock, and has no expiration date. |