Gagan D. Singh - Mar 1, 2022 Form 4 Insider Report for McAfee Corp. (MCFE)

Role
Officer
Signature
/s/ Jared Ross, as Attorney-in-Fact
Stock symbol
MCFE
Transactions as of
Mar 1, 2022
Transactions value $
$0
Form type
4
Date filed
3/3/2022, 04:30 PM
Previous filing
Oct 21, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCFE Class A Common Stock Disposed to Issuer -286K -25% 857K Mar 1, 2022 Direct F1
transaction MCFE Class A Common Stock Disposed to Issuer -857K -100% 0 Mar 1, 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Gagan D. Singh is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Includes restricted stock units ("RSUs") that represent the Reporting Person's right to receive shares of Class A common stock of the Issuer. The RSUs were cancelled pursuant to that certain Merger Agreement, dated November 5, 2021, between the Issuer, Condor BidCo, Inc. and Condor Merger Sub, Inc. (the "Merger Agreement"), in exchange for a cash payment of $26.00 per share.
F2 Includes RSUs that represented the Reporting Person's right to receive shares of Class A common stock of the Issuer. The RSUs were cancelled pursuant to the Merger Agreement in exchange for a cash award, which will remain subject to the same time-vesting terms and conditions that apply immediately prior to closing.

Remarks:

Executive Vice President, Chief Product & Revenue Officer. Mr. Ross is signing on behalf of the Reporting Person pursuant to a Limited Power of Attorney dated October 7, 2021, which was previously filed with the Securities and Exchange Commission.