VEP Group, LLC - May 10, 2021 Form 4 Insider Report for Ping Identity Holding Corp. (PING)

Role
10%+ Owner
Signature
/s/ Lauren Romer, as attorney in fact for Vista Equity Partners Fund VI, L.P.
Stock symbol
PING
Transactions as of
May 10, 2021
Transactions value $
-$135,628,846
Form type
4
Date filed
5/12/2021, 04:19 PM
Next filing
Jun 11, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PING Common stock, $0.001 par value Sale -$136M -5.75M -14.93% $23.60 32.7M May 10, 2021 See footnotes F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The aggregate 5,746,985 shares of Common Stock sold by the Reporting Persons include (a) 3,555,705 shares of Common Stock sold by Vista Equity Partners Fund VI, L.P., (b) 2,148,012 shares of Common Stock sold by Vista Equity Partners Fund VI-A, L.P. and (c) 43,268 shares of Common Stock sold by VEPF VI FAF, L.P.
F2 Includes (a) 20,253,616 shares held directly by Vista Equity Partners Fund VI, L.P., (b) 12,235,273 shares held directly by Vista Equity Partners Fund VI A, L.P. and (c) 246,461 shares held directly by VEPF VI FAF, L.P. (collectively, the "Vista Funds"). Vista Equity Partners Fund VI GP, L.P. ("Fund VI GP") is the sole general partner of each of the Vista Funds.
F3 Fund VI GP's sole general partner is VEPF VI GP, Ltd. ("Fund VI UGP"). Robert F. Smith is the Sole Director of Fund VI UGP, as well as one of its 11 Members. VEPF Management, L.P. (the "Management Company"), is the sole management company of each of the Vista Funds. The Management Company's sole general partner is VEP Group, LLC ("VEP Group"). Robert F. Smith is the sole Managing Member of VEP Group. Consequently, Mr. Smith, Fund VI GP, Fund VI UGP, the Management Company and VEP Group may be deemed the beneficial owners of the shares held by the Vista Funds. Each of the Vista Funds, Fund VI GP, Fund VI UGP, the Management Company, VEP Group and Mr. Smith expressly disclaim beneficial ownership of any shares not held directly, except to the extent of its or his pecuniary interest.