Sudhakar Ramakrishna - 21 Feb 2023 Form 4 Insider Report for SolarWinds Corp (SWI)

Role
CEO & President, Director
Signature
/s/ Jason W. Bliss Attorney-in-Fact for Sudhakar Ramakrishna
Issuer symbol
SWI
Transactions as of
21 Feb 2023
Transactions value $
-$435,278
Form type
4
Filing time
23 Feb 2023, 15:32:07 UTC
Previous filing
17 Feb 2023
Next filing
06 Apr 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SWI Common Stock Award $0 +338,794 +28.44% $0 1,530,218 21 Feb 2023 Direct F1
transaction SWI Common Stock Award $0 +381,773 +24.95% $0 1,911,991 21 Feb 2023 Direct F2
transaction SWI Common Stock Tax liability -$435,277 -49,073 -2.57% $8.87 1,862,918 21 Feb 2023 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents performance share units awarded pursuant to the issuer's 2018 Equity Incentive Plan for which performance criteria has been satisfied that entitle the reporting person to receive one share of the issuer's common stock per performance share unit upon vesting. The performance share units vest 1/3rd on February 21, 2023 and 1/12th per quarter over the following eight quarters commencing on May 15, 2023, subject to continued service through each applicable date.
F2 Represents restricted stock units awarded pursuant to the issuer's 2018 Equity Incentive Plan that entitle the reporting person to receive one share of the issuer's common stock per restricted stock unit upon vesting. The restricted stock units vest 6.25% per quarter over sixteen quarters commencing on May 15, 2023, subject to continued service through each applicable date.
F3 Represents the number of shares withheld to satisfy the reporting person's tax obligations in connection with the vesting of performance share units.