Slta IV (Gp), L.L.C. - May 25, 2023 Form 4 Insider Report for SolarWinds Corp (SWI)

Signature
By: /s/ Andrew J. Schader; Andrew J. Schader, Managing Director and General Counsel of Silver Lake Group, L.L.C.
Stock symbol
SWI
Transactions as of
May 25, 2023
Transactions value $
$0
Form type
4
Date filed
5/26/2023, 04:27 PM
Previous filing
May 26, 2023
Next filing
Jun 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SWI Common Stock Award $0 +46.1K +29.91% $0.00 200K May 25, 2023 See footnotes F1, F2
holding SWI Common Stock 43.3M May 25, 2023 Held through Silver Lake Partners IV, L.P. F3, F7
holding SWI Common Stock 712K May 25, 2023 Held through Silver Lake Technology Investors IV, L.P. F4, F7
holding SWI Common Stock 17.3M May 25, 2023 Held through SLP Aurora Co-Invest, L.P. F5, F7
holding SWI Common Stock 99.8K May 25, 2023 Held through Silver Lake Technology Associates IV, L.P. F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units awarded to each of Kenneth Y. Hao and Michael Widmann, directors of the Issuer and executives of Silver Lake Group, L.L.C. ("SLG"), pursuant to the annual equity grant under the Issuer's non-employee director compensation policy that entitle the reporting person to receive one share of the Issuer's common stock per restricted stock unit upon vesting. The restricted stock units vest 100% on the one-year anniversary of the grant date, subject to continued service through such date.
F2 Represents restricted stock units or shares of common stock held by Kenneth Y. Hao and Michael Widmann, directors of the Issuer and executives SLG and Jason White and Michael Bingle, former directors of the Issuer and executives of SLG, as part of the Issuer's director compensation program, for the benefit of one or more of the Reporting Persons and/or certain of their 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.
F3 These securities are directly held by Silver Lake Partners IV, L.P. ("SLP IV"). The general partner of SLP IV is Silver Lake Technology Associates IV, L.P. ("SLTA IV"), and the general partner of SLTA IV is SLTA IV (GP), L.L.C. ("SLTA IV GP").
F4 These securities are directly held by Silver Lake Technology Investors IV, L.P. ("SLTI IV"). The general partner of SLTI IV is SLTA IV, and the general partner of SLTA IV is SLTA IV GP.
F5 These securities are directly held by SLP Aurora Co-Invest, L.P. ("SLP Aurora"). The general partner of SLP Aurora is SLP Denali Co-Invest GP, L.L.C. ("SLP Denali GP"). The managing member of SLP Denali GP is Silver Lake Technology Associates III, L.P. ("SLTA III"), and the general partner of SLTA III is SLTA III (GP), L.L.C. ("SLTA III GP").
F6 These securities are directly held by SLTA IV. The general partner of SLTA IV is SLTA IV GP. SLTA IV directly holds such shares and expects at a future date to distribute such shares to certain direct and indirect partners of SLTA IV, for the sole purpose of charitable giving.
F7 SLG is the managing member of SLTA III GP and SLTA IV GP. Messrs. Kenneth Y. Hao and Michael Widmann serve as directors of the Issuer and are executives of SLG. Each of SLP IV, SLTI IV, SLTA IV, SLTA IV GP, SLP Aurora, SLP Denali GP, SLTA III, SLTA III GP and SLG may be deemed to be a director by deputization of the Issuer. This filing shall not be deemed an admission that for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise, that the Reporting Persons are the beneficial owners of any equity securities in excess of their respective pecuniary interests, and each Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, if any.