Guo Xiao - 17 Sep 2021 Form 4 Insider Report for Thoughtworks Holding, Inc. (TWKS)

Role
Chief Executive Officer, Director
Signature
/s/ Christine McKillip as Attorney-in-Fact for the Reporting Person
Issuer symbol
TWKS
Transactions as of
17 Sep 2021
Transactions value $
-$2,595,229
Form type
4
Filing time
21 Sep 2021, 21:14:04
Previous filing
14 Sep 2021
Next filing
22 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TWKS Common Stock Sale -$2.6M -131K -100% $19.85 0 17 Sep 2021 Direct
transaction TWKS Common Stock Award $0 +174K $0.00 174K 21 Sep 2021 Direct F1
holding TWKS Common Stock 919K 17 Sep 2021 By trust

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 TWKS Options to purchase common stock Award $0 +941K +62.57% $0.00 2.45M 17 Sep 2021 Common Stock 941K $2.29 Direct F2
transaction TWKS Options to purchase common stock Award $0 +170K +45.39% $0.00 544K 17 Sep 2021 Common Stock 170K $2.48 Direct F3
transaction TWKS Options to purchase common stock Award $0 +16.3K +130.79% $0.00 28.8K 17 Sep 2021 Common Stock 16.3K $5.16 Direct F4
transaction TWKS Stock appreciation rights Disposed to Issuer $0 -2.01K -100% $0.00* 0 21 Sep 2021 Common Stock 2.01K Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported securities are restricted stock units ("RSUs"), which vest and settle 50% on each of the 6-month and 12-month anniversaries of grant, and include 1,786 RSUs received in exchange for New SARs (as defined below).
F2 97,488.20 of the reported securities remain subject to time-based vesting.
F3 105,510.34 of the reported securities remain subject to time-based vesting.
F4 12,463.00 of the reported securities remain subject to time-based vesting.
F5 The reported securities represented SARs with respect to the Class C Common Stock of the Company, which became SARs (the "New SARs") on the Company's common stock upon completion of the Company's initial public offering (the "IPO") on September 17, 2021. In connection with the IPO, the New SARs were exchanged for RSUs on the Company's common stock.