Alpana Wegner - 23 Dec 2024 Form 4 Insider Report for SecureWorks Corp (SCWX)

Signature
/s/ George B. Hanna, Attorney-in-Fact
Issuer symbol
SCWX
Transactions as of
23 Dec 2024
Net transactions value
-$355,331
Form type
4
Filing time
26 Dec 2024, 16:36:27 UTC
Previous filing
18 Jun 2024
Next filing
04 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCWX Class A Common Stock Tax liability $355,331 -42,051 -6.1% $8.45 650,284 23 Dec 2024 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects shares withheld by SecureWorks Corp. for payment of the tax liability incurred upon the accelerated vesting of 91,914 restricted stock units ("RSUs") that were originally scheduled to vest on March 18, 2025. The RSUs were accelerated to vest on December 23, 2024 in order to mitigate impacts that could arise under Sections 280G and 4999 of the Internal Revenue Code of 1986, as amended. The Reporting Person has signed a letter agreement providing that such accelerated RSUs are subject to certain forfeiture conditions.