Radhakrishnan Mahendran - 08 Nov 2023 Form 4 Insider Report for NEW RELIC, INC. (NEWR)

Role
Director
Signature
Radhakrishnan Mahendran, by /s/ Lauren Walz, Attorney-in-Fact
Issuer symbol
NEWR
Transactions as of
08 Nov 2023
Transactions value $
$0
Form type
4
Date filed
13 Nov 2023, 06:08
Previous filing
17 Aug 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NEWR COMMON STOCK Options Exercise +2.38K +39.28% 8.44K 08 Nov 2023 Direct F1
transaction NEWR COMMON STOCK Disposed to Issuer -8.44K -100% 0 08 Nov 2023 Direct F2
transaction NEWR COMMON STOCK Disposed to Issuer -5.06M -100% 0 08 Nov 2023 See footnote F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NEWR Restricted Stock Units (RSUs) Options Exercise -2.38K -100% 0 08 Nov 2023 Common Stock 2.38K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Radhakrishnan Mahendran is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On November 8, 2023, pursuant to the Agreement and Plan of Merger, dated as of July 30, 2023, (the "Merger Agreement"), by and among Crewline Buyer, Inc., a Delaware corporation ("Parent"), Crewline Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Parent ("Merger Sub"), and New Relic, Inc. ("Issuer"), Merger Sub merged with and into Issuer and the separate corporate existence of Merger Sub ceased, with Issuer continuing as the surviving corporation (the "Merger") and a wholly owned subsidiary of Parent, and each outstanding restricted stock unit held by the Reporting Person was converted into the right to receive $87.00 in cash (the "Merger Consideration"), subject to any continued vesting conditions in accordance with the terms of the Merger Agreement.
F2 Pursuant to the Merger Agreement, each outstanding share of common stock held by the Reporting Person was cancelled and converted into the right to receive the Merger Consideration.
F3 The shares are held by funds for which HMI Capital Management, L.P. serves as the investment adviser and HMI Capital Fund GP, LLC serves as the general partner. The Reporting Person is a Partner at HMI Capital Management, L.P. The Reporting Person expressly disclaims beneficial ownership over any of the securities reported herein except to the extent of his pecuniary interest therein.