Stephen Liang - Mar 1, 2024 Form 4 Insider Report for Vertiv Holdings Co (VRT)

Signature
/s/ Eric Broxterman, as attorney-in-fact
Stock symbol
VRT
Transactions as of
Mar 1, 2024
Transactions value $
-$17,170,996
Form type
4
Date filed
3/5/2024, 09:01 PM
Previous filing
Dec 28, 2023
Next filing
Apr 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRT Class A Common Stock Options Exercise $474K +41.3K +58.25% $11.50 112K Mar 1, 2024 Direct
transaction VRT Class A Common Stock Options Exercise $2.11M +101K +90.17% $20.93 213K Mar 1, 2024 Direct
transaction VRT Class A Common Stock Options Exercise $1.75M +145K +68.01% $12.05 358K Mar 1, 2024 Direct
transaction VRT Class A Common Stock Sale -$2.89M -41.3K -11.52% $70.01 317K Mar 1, 2024 Direct F1, F2
transaction VRT Class A Common Stock Sale -$7.08M -101K -31.9% $70.10 216K Mar 1, 2024 Direct F3
transaction VRT Class A Common Stock Sale -$10.2M -145K -67.18% $70.36 70.8K Mar 1, 2024 Direct F4
transaction VRT Class A Common Stock Sale -$1.34M -19K -26.78% $70.54 51.9K Mar 1, 2024 Direct F5
transaction VRT Class A Common Stock Sale -$704 -10 -0.02% $70.44 51.8K Mar 1, 2024 Direct F1
holding VRT Class A Common Stock 1 Mar 1, 2024 By Daughter F6

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 VRT Stock Options Options Exercise $0 -41.3K -25% $0.00 124K Mar 1, 2024 Class A Common Stock 41.3K $11.50 Direct F7
transaction VRT Stock Options Options Exercise $0 -101K -75% $0.00 33.7K Mar 1, 2024 Class A Common Stock 101K $20.93 Direct F8
transaction VRT Stock Options Options Exercise $0 -145K -100% $0.00* 0 Mar 1, 2024 Class A Common Stock 145K $12.05 Direct F9
holding VRT Stock Options 114K Mar 1, 2024 Class A Common Stock 114K $15.84 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Following the completion of the transactions reported herein, all of which were undertaken for portfolio diversification purposes, the reporting person directly holds an aggregate of 51,840.86 shares of Class A common stock, restricted stock units and dividend-equivalent stock units.
F2 Represents the weighted average sale price. The trades were executed in a series of transactions with price ranges of $69.99 to $70.16. The reporting person undertakes to provide to Vertiv Holdings Co, any security holder of Vertiv Holdings Co, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote and in footnotes 3 to 5 inclusive.
F3 Represents the weighted average sale price. The trades were executed in a series of transactions with price ranges of $70.06 to $70.23.
F4 Represents the weighted average sale price. The trades were executed in a series of transactions with price ranges of $70.18 to $70.63.
F5 Represents the weighted average sale price. The trades were executed in a series of transactions with price ranges of $70.53 to $70.63.
F6 The reporting person disclaims beneficial ownership of this share, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such share for purposes of Section 16 or for any other purpose.
F7 Following the completion of the transactions reported herein, the reporting person holds 123,750 of 165,000 stock options granted to the reporting person on March 3, 2022, which vested as to 25% on each of March 3, 2023 and March 3, 2024, and which will vest as to 25% on each of March 3, 2025 and March 3, 2026.
F8 Following the completion of the transactions reported herein, the reporting person holds 33,683 of 134,730 stock options granted to the reporting person on February 26, 2021, which vested as to 33,682 on each of February 26, 2022 and February 26, 2023 and as to 33,683 on February 26, 2024, and which will vest as to 33,683 on February 26, 2025.
F9 144,927 stock options granted to the reporting person on February 7, 2020 vested as to 25% on each of February 7, 2021, February 7, 2022, February 7, 2023 and February 7, 2024.
F10 Following the completion of the transactions reported herein, the reporting person holds all 114,449 stock options granted to the reporting person on March 7, 2023, which will vest as to 25% on each of the first four anniversaries of March 15, 2023.