Steven W. Carlsen - Aug 4, 2021 Form 4 Insider Report for ProSight Global, Inc. (PROS)

Role
Director
Signature
/s/ Patrick Horan (Attorney-in-Fact)
Stock symbol
PROS
Transactions as of
Aug 4, 2021
Transactions value $
-$423,909
Form type
4
Date filed
8/6/2021, 07:44 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PROS Common Stock Disposed to Issuer -$424K -33K -100% $12.85 0 Aug 4, 2021 Direct F1

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 PROS Restricted Stock Units Disposed to Issuer -66.5K -100% 0 Aug 4, 2021 Common Stock 66.5K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Steven W. Carlsen is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of January 14, 2021 , by and among ProSight Global, Inc. (the "Issuer"), Pedal Parent, Inc. and Pedal Merger Sub, Inc. providing for the merger of the Issuer and Pedal Merger Sub, Inc. (the "Merger") and, at the effective time of the Merger, each share of the Issuer's common stock was converted into the right to receive $12.85 in cash, without interest and less any required withholding taxes (the "Per Share Merger Consideration"). The Merger was completed on August 4, 2021.
F2 Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding vested and unvested time-vesting restricted stock unit award was cancelled and converted into the right to receive an amount in cash, less any required withholding taxes, equal to the product of (A) the number of shares subject to such award multiplied by (B) the Per Share Consideration.