Kanika Soni - 28 Feb 2023 Form 4 Insider Report for Coupa Software Inc

Role
Director
Signature
/s/ Jon Stueve, Authorized Signatory for: Kanika Soni
Issuer symbol
N/A
Transactions as of
28 Feb 2023
Net transactions value
-$200,070
Form type
4
Filing time
28 Feb 2023, 16:50:07 UTC
Previous filing
16 Feb 2023
SEC
View on sec.gov

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 COUP Restricted Stock Units Disposed to Issuer $200,070 -2,470 -100% $81.00 0 28 Feb 2023 Common Stock 2,470 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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

Explanation of Responses:

Id Content
F1 Restricted stock units ("RSUs") represent a contingent right to receive one share of common stock, par value $0.0001 per share ("Common Stock"), of Coupa Software Incorporated (the "Company").
F2 The RSUs were disposed of pursuant to the Agreement and Plan of Merger, dated as of December 11, 2022 (the "Merger Agreement"), by and among Coupa Holdings, LLC (f/k/a Project CS Parent, LLC) ("Parent"), Project CS Merger Sub, Inc. ("Merger Sub"), and the Company. Pursuant to the Merger Agreement, Merger Sub merged with and into the Company (the "Merger"), with the Company surviving the Merger as a wholly owned subsidiary of Parent. At the effective time of the Merger (the "Effective Time"), each RSU that was unexpired and unsettled as of immediately prior to the Effective Time was canceled and converted into the right to receive a cash payment equal to the number of shares of Common Stock subject to such RSU as of immediately prior to the Effective Time, multiplied by the $81.00, without interest, less any applicable withholding taxes.