Adrian T. Dillon - Jun 23, 2022 Form 4 Insider Report for DATTO HOLDING CORP. (MSP)

Role
Director
Signature
/s/ Adam Collicelli, by Power of Attorney
Stock symbol
MSP
Transactions as of
Jun 23, 2022
Transactions value $
-$1,574,638
Form type
4
Date filed
6/27/2022, 09:42 PM
Previous filing
Apr 29, 2022
Next filing
Jun 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSP Common Stock Disposed to Issuer -$888K -25K -100% $35.50 0 Jun 23, 2022 Direct F1
transaction MSP Common Stock Disposed to Issuer -$416K -11.7K -100% $35.50 0 Jun 23, 2022 Direct F1, F2, F3
transaction MSP Common Stock Disposed to Issuer -$271K -7.64K -100% $35.50 0 Jun 23, 2022 Direct F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Adrian T. Dillon is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 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 the Issuer's 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.
F2 Pursuant to the Merger Agreement, as of June 23, 2022 (the "Effective Time"), each restricted stock unit of the Issuer (an "RSU") that is unexpired, unexercised, outstanding and vested as of immediately prior to the Effective Time or that vested in accordance with its terms as a result of the consummation of the merger and other transactions contemplated by the Merger Agreement (a "Vested RSU") was canceled and converted into the right to receive an amount in cash equal to the product of (i) $35.50 and (ii) the total number of shares of Common Stock subject to such Vested RSUs as of immediately prior to the Effective Time.
F3 At the Effective Time, the 11,719 RSUs were canceled in exchange for a cash payment representing $35.50 for each outstanding RSU.
F4 At the Effective Time, the 7,637 RSUs were canceled in exchange for a cash payment representing $35.50 for each outstanding RSU.