Caroline Rook - Sep 14, 2021 Form 4 Insider Report for Support.com, Inc. (SPRT)

Signature
/s/ Caroline Rook
Stock symbol
SPRT
Transactions as of
Sep 14, 2021
Transactions value $
$11,541
Form type
4
Date filed
9/15/2021, 06:27 PM
Previous filing
Aug 18, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPRT Common Stock Purchase $11.5K +5.28K +19.29% $2.19* 32.7K Sep 1, 2021 Direct F1
transaction SPRT Common Stock Disposed to Issuer -32.7K -100% 0 Sep 14, 2021 Direct 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 SPRT Stock Options (Right to Buy) Disposed to Issuer $0 -79.2K -100% $0.00* 0 Sep 14, 2021 Common Stock 79.2K $1.72 Direct F2, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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

Explanation of Responses:

Id Content
F1 The Reporting Person is reporting the acquisition of 5,282 shares of common stock, par value $0.0001 per share, of Support.com, Inc., a Delaware corporation (the "Company") (the "Common Stock") pursuant to the Company's Amended and Restated 2011 Employee Stock Purchase Plan, on September 1, 2021.
F2 The Company entered into an Agreement and Plan of Merger (the "Merger Agreement"), dated as of March 19, 2021, by and among the Company, Greenidge Generation Holdings Inc., a Delaware corporation ("Greenidge") and GGH Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Greenidge ("Merger Sub"). On September 14, 2021, Merger Sub merged with and into the Company, the separate corporate existence of Merger Sub ceased and the Company survived the merger as a direct wholly owned subsidiary of Greenidge.
F3 (Continued from Footnote 3) Pursuant to the terms of the Merger Agreement, (i) each share of Common Stock and each restricted stock unit of the Company that was outstanding as of the closing of the merger (the "Closing") was converted into the right to receive 0.115 shares of class A common stock, par value $0.0001 per share, of Greenidge (the "Greenidge Class A Common Stock") (the "Exchange Ratio") and (ii) each holder of an option to purchase Common Stock that was outstanding as of the Closing received an amount of shares of Greenidge Class A Common Stock equal to the Exchange Ratio, multiplied by the number of shares of Common Stock underlying such option, less a number of shares of Greenidge Class A Common Stock to be withheld in satisfaction of the aggregate exercise price of such option and, unless such holder has elected to satisfy such obligation with cash, such holder's tax withholding obligations.
F4 The stock option was granted to the Reporting Person under the Company's Third Amended and Restated 2010 Equity and Performance Incentive Plan ("Option").
F5 1/48th of the shares subject to the Option vests monthly over a four (4) year period, with 1/48th becoming vested and exercisable on each of the first 48 monthly anniversaries beginning on the date of grant of the Option.