Craig Clay - Sep 1, 2023 Form 4 Insider Report for Donnelley Financial Solutions, Inc. (DFIN)

Signature
William Zola, pursuant to power of attorney
Stock symbol
DFIN
Transactions as of
Sep 1, 2023
Transactions value $
-$50,321
Form type
4
Date filed
9/1/2023, 04:23 PM
Previous filing
Aug 31, 2023
Next filing
Dec 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DFIN Common Stock Options Exercise $27.8K +1.58K +1.16% $17.65 137K Sep 1, 2023 Direct F1
transaction DFIN Common Stock Sale -$78.1K -1.58K -1.15% $49.60 135K Sep 1, 2023 Direct F1, F2, F3

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 DFIN Employee Stock Option (right to buy) Options Exercise $0 -1.58K -100% $0.00* 0 Sep 1, 2023 Common Stock 1.58K $17.65 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The exercises and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 27, 2022.
F2 The reported price represents a weighted average sale price. The range of prices at which common stock was sold was $49.50 to $49.76 per share. The Reporting Person undertakes to provide to the staff, the issuer or a security holder full information regarding the number of shares sold at each separate price.
F3 Includes 73,679 shares held directly, 30,173 restricted stock unit, and 31,353 earned performance share units with additional service-based vesting.
F4 The option vests/ vested in four equal annual installments beginning on March 2, 2019.