Douglas Smith - Apr 16, 2025 Form 4 Insider Report for SolarWinds Corp (SWI)

Role
Director
Signature
/s/ Douglas Smith
Stock symbol
SWI
Transactions as of
Apr 16, 2025
Transactions value $
-$1,783,474
Form type
4
Date filed
4/17/2025, 05:38 PM
Previous filing
May 24, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SWI Common Stock Disposed to Issuer -$1.78M -96.4K -100% $18.50 0 Apr 16, 2025 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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

Explanation of Responses:

Id Content
F1 On April 16, 2025, pursuant to the Agreement and Plan of Merger dated as of February 7, 2025, by and among Starlight Parent, LLC ("Parent"), Starlight Merger Sub, Inc. ("Merger Subsidiary"), and the Issuer, Merger Subsidiary merged with and into the Issuer (the "Merger") with the Issuer surviving the Merger as a wholly owned subsidiary of Parent, and at the time of the Merger each issued and outstanding share of the Issuer's Common Stock, par value $0.001 per share, owned by the Reporting Person was cancelled and converted into the right to receive $18.50 per share in cash without interest thereon. Mr. Smith resigned from the board of directors of the Issuer effective upon closing of the Merger.