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

Role: Director
Signature: /s/ Michael A. Widmann
Issuer symbol: SWI
Transactions as of: 25 May 2023
Net transaction value: $0
Form type: 4
Filing time: 26 May 2023, 16:20:45 UTC
Previous filing: 26 May 2023
Next filing: 24 May 2024
SEC filing: View on sec.gov

Key filing fact

Michael A. Widmann filed Form 4 for SolarWinds Corp (SWI) on 26 May 2023.

Key facts

This page summarizes Michael A. Widmann's Form 4 filing for SolarWinds Corp (SWI).
1 reported transaction and 0 derivative rows are listed below.
Filing timestamp: 26 May 2023, 16:20.

Change

Previous filing in this sequence was filed on 26 May 2023.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Reported transactions

SWI transaction

Common Stock

Award

Transaction value: $0
Shares: +23,051
Change %
Price: $0.000000^*
Shares after: 0
Date: 25 May 2023
Ownership: Direct
Footnotes: F1, F2

^* indicates a reported price that failed the local validity check.

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.