Michael A. Widmann - May 25, 2023 Form 4 Insider Report for SolarWinds Corp (SWI)

Role: Director
Signature: /s/ Michael A. Widmann
Stock symbol: SWI
Transactions as of: May 25, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/26/2023, 04:20 PM
Previous filing: May 26, 2023
Next filing: May 24, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	Price $	Shares After	Date	Ownership	Footnotes
transaction	SWI	Common Stock	Award	$0	+23.1 K		$0.00	0	May 25, 2023	Direct	F1, F2

Explanation of Responses:

Id	Content
F1	Represents restricted stock units awarded to Michael Widmann pursuant to the annual equity grant under the Issuer's non-employee director compensation policy that entitles the holder to receive one share of the Issuer's common stock per restricted unit upon vesting. The restricted stock units vest 100% on the one-year anniversary of the grant date, subject to the director's continued service through such date.
F2	Mr. Widmann is an executive of Silver Lake Group, L.L.C. and is a member of the board of directors of the Issuer. These securities are held by Mr. Widmann for the benefit of Silver Lake Technology Management, L.L.C. and/or certain of its affiliates or certain of the funds they manage ("Silver Lake"). Pursuant to Silver Lake's policies with respect to director compensation, upon the sale of these securities, the proceeds from each sale will be expected to be remitted to Silver Lake and/or its limited partners. Mr. Widmann disclaims beneficial ownership of these securities and the inclusion of the securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or any other purpose.

Content

Represents restricted stock units awarded to Michael Widmann pursuant to the annual equity grant under the Issuer's non-employee director compensation policy that entitles the holder to receive one share of the Issuer's common stock per restricted unit upon vesting. The restricted stock units vest 100% on the one-year anniversary of the grant date, subject to the director's continued service through such date.

Mr. Widmann is an executive of Silver Lake Group, L.L.C. and is a member of the board of directors of the Issuer. These securities are held by Mr. Widmann for the benefit of Silver Lake Technology Management, L.L.C. and/or certain of its affiliates or certain of the funds they manage ("Silver Lake"). Pursuant to Silver Lake's policies with respect to director compensation, upon the sale of these securities, the proceeds from each sale will be expected to be remitted to Silver Lake and/or its limited partners. Mr. Widmann disclaims beneficial ownership of these securities and the inclusion of the securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or any other purpose.