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Actionable news in NEWR: NEW RELIC Inc,

Major owner of NEW RELIC INC just disposed of 234,228 shares

Tvl Ix, Trinity, a major owner of NEW RELIC INC, recently disposed of 234,228 shares of the company. The disposals took place at $0.00 per share, on November 09, 2015. Trinity still owns 5,308,298 shares of the company. Trinity operates out of Menlo Park, CA. Some additional info was provided as follows:

Represents a pro-rata in-kind distribution of Common Stock of the Issuer by the partnerships without consideration to their respective limited partners and, in the case of Trinity IX, its general partner. Transaction pursuant to a 10b5-1 Plan dated September 9, 2015. The shares are owned by Trinity IX Entrepreneurs' Fund, L.P. ("TEF IX") which is under common control with Trinity IX Side-By-Side Fund, L.P. ("Trinity SBS IX") and Trinity Ventures IX, L.P. ("Trinity IX "). Trinity TVL IX, LLC ("Trinity TVL IX") serves as the sole general partner of TEF IX, Trinity SBS IX and Trinity IX. As such, Trinity TVL IX possesses sole voting and investment control over the shares owned by TEF IX, Trinity SBS IX and Trinity IX, and may be deemed to have indirect beneficial ownership of the securities held by TEF IX, Trinity SBS IX and Trinity IX. Trinity TVL IX, however, owns no shares of the Issuer directly. Messrs. Chopra, Fenton, Orr, Tai and Wang and Ms. Nakache serve as Management Members of Trinity TVL IX and serve as officers of Trinity TVL Management Corp...