Hope F. Cochran - Nov 8, 2023 Form 4 Insider Report for NEW RELIC, INC. (NEWR)

Role
Director
Signature
Hope F. Cochran, by /s/ Lauren Walz, Attorney-in-Fact
Stock symbol
NEWR
Transactions as of
Nov 8, 2023
Transactions value $
$0
Form type
4
Date filed
11/13/2023, 06:07 AM
Previous filing
Sep 19, 2023
Next filing
Jan 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NEWR COMMON STOCK Options Exercise +2.38K +23.72% 12.4K Nov 8, 2023 Direct F1
transaction NEWR COMMON STOCK Options Exercise +2.88K +23.15% 15.3K Nov 8, 2023 Direct F2
transaction NEWR COMMON STOCK Disposed to Issuer -15.3K -100% 0 Nov 8, 2023 Direct 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 NEWR Restricted Stock Units (RSUs) Options Exercise -2.38K -100% 0 Nov 8, 2023 Common Stock 2.38K Direct F1
transaction NEWR Stock Option (Right to Buy) Options Exercise -3.99K -100% 0 Nov 8, 2023 Common Stock 1.37K Direct F2
transaction NEWR Stock Option (Right to Buy) Options Exercise -3.86K -100% 0 Nov 8, 2023 Common Stock 1.34K Direct F2
transaction NEWR Stock Option (Right to Buy) Options Exercise -865 -100% 0 Nov 8, 2023 Common Stock 165 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Hope F. Cochran is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On November 8, 2023, pursuant to the Agreement and Plan of Merger, dated as of July 30, 2023, (the "Merger Agreement"), by and among Crewline Buyer, Inc., a Delaware corporation ("Parent"), Crewline Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Parent ("Merger Sub"), and New Relic, Inc. ("Issuer"), Merger Sub merged with and into Issuer and the separate corporate existence of Merger Sub ceased, with Issuer continuing as the surviving corporation (the "Merger") and a wholly owned subsidiary of Parent, and each outstanding restricted stock unit held by the Reporting Person was converted into the right to receive $87.00 in cash (the "Merger Consideration"), subject to any continued vesting conditions in accordance with the terms of the Merger Agreement.
F2 Pursuant to the Merger Agreement, each outstanding vested option to purchase shares of common stock of Issuer held by the Reporting Person was cancelled and converted into the right to receive a cash payment for each share underlying stock option equal to the difference between the Merger Consideration and the exercise price per share.
F3 Pursuant to the Merger Agreement, each outstanding share of common stock held by the Reporting Person was cancelled and converted into the right to receive the Merger Consideration.