JOHN ABBOT - 23 Jun 2022 Form 4 Insider Report for DATTO HOLDING CORP.

Role
Chief Financial Officer
Signature
/s/ Adam Collicelli, by Power of Attorney
Issuer symbol
N/A
Transactions as of
23 Jun 2022
Net transactions value
-$12,253,786
Form type
4
Filing time
27 Jun 2022, 21:25:56 UTC
Previous filing
03 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSP Common Stock Options Exercise $10,148 +495 +52% $20.50 1,446 15 Jun 2022 Direct F1
transaction MSP Common Stock Disposed to Issuer $51,333 -1,446 -100% $35.50 0 23 Jun 2022 Direct 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 MSP Stock Options Disposed to Issuer $12,212,600 -538,000 -100% $22.70 0 23 Jun 2022 Common Stock 538,000 $12.80 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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

Explanation of Responses:

Id Content
F1 Represents 495 shares acquired under the Issuer's 2021 Employee Stock Purchase Plan.
F2 Pursuant to the Agreement and Plan of Merger, dated April 11, 2022, by and among Knockout Parent Inc., Knockout Merger Sub Inc., the Issuer, and, for certain limited purposes set forth in the Merger Agreement, Kaseya Holdings Inc. and Kaseya Inc. (the "Merger Agreement"), each share of Issuer common stock ("Common Stock") was canceled and converted into the right to receive $35.50 per share in cash without interest, subject to required withholding taxes.
F3 Pursuant to the Merger Agreement, each option to purchase Issuer common stock (an "Option") that was unexpired, unexercised, outstanding and vested as of immediately prior to June 23, 2022 (the "Effective Time") or that vested in accordance with its terms as a result of the consummation of the Merger and the other transactions contemplated by the Merger Agreement (a "Vested Option"), was, at the Effective Time, canceled and converted into the right to receive an amount in cash equal to the product of (i) the number of shares of Common Stock subject to such Vested Option as of immediately prior to the Effective Time and (ii) the excess, if any, of $35.50 over the per share exercise price of such Vested Option.
F4 At the Effective Time, these 538,000 Options were canceled in exchange for a cash payment representing the difference between $35.50 and the exercise price of the option per share.