Manuel D. Medina - Jan 31, 2022 Form 4 Insider Report for Cyxtera Technologies, Inc. (CYXTQ)

Role: Director, 10%+ Owner
Signature: /s/ Victor Semah, Attorney-in-fact
Stock symbol: CYXTQ
Transactions as of: Jan 31, 2022
Transactions value $: $37,500,000
Form type: 4
Date filed: 2/2/2022, 03:27 PM
Previous filing: Jan 3, 2022
Next filing: Mar 25, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CYXTQ	Class A Common Stock	Conversion of derivative security	$37.5M	+3.75M	+3.53%	$10.00^*	110M	Jan 31, 2022	By SIS Holdings LP	F2

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	CYXTQ	Optional Shares	Conversion of derivative security	$0	-3.75M	-100%	$0.00^*	0	Jan 31, 2022	Class A Common Stock	3.75M	$10.00	By SIS Holdings LP	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The option to purchase shares of Class A common stock at a price per share of $10.00 is exercisable by SIS Holdings LP at any time or from time to time during the six months following the day that is the first business day after the consummation of the business combination between Starboard Value Acquisition Corp. and Cyxtera Technologies, Inc., which was consummated on July 29, 2021.
F2	Pursuant to a Stockholder Matters Agreement, dated as of July 30, 2021, Medina Capital Fund II- SIS Holdco, L.P. (the "Medina Stockholder") maintains a negative consent right over the disposition of the securities held by SIS Holdings LP. Medina Capital Fund II - SIS Holdco GP, LLC ("Medina GP") is the general partner of the Medina Stockholder. Manuel D. Medina ultimately controls Medina GP. As such, the each of the Medina Stockholder, Medina GP and Mr. Medina may be deemed to share beneficial ownership over the securities held directly by SIS Holdings LP. Each of Mr. Medina and the foregoing entities disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein.

Content

The option to purchase shares of Class A common stock at a price per share of $10.00 is exercisable by SIS Holdings LP at any time or from time to time during the six months following the day that is the first business day after the consummation of the business combination between Starboard Value Acquisition Corp. and Cyxtera Technologies, Inc., which was consummated on July 29, 2021.

Pursuant to a Stockholder Matters Agreement, dated as of July 30, 2021, Medina Capital Fund II- SIS Holdco, L.P. (the "Medina Stockholder") maintains a negative consent right over the disposition of the securities held by SIS Holdings LP. Medina Capital Fund II - SIS Holdco GP, LLC ("Medina GP") is the general partner of the Medina Stockholder. Manuel D. Medina ultimately controls Medina GP. As such, the each of the Medina Stockholder, Medina GP and Mr. Medina may be deemed to share beneficial ownership over the securities held directly by SIS Holdings LP. Each of Mr. Medina and the foregoing entities disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein.