Raj M. Dani - Mar 31, 2022 Form 4 Insider Report for Ping Identity Holding Corp. (PING)

Role
Chief Financial Officer
Signature
/s/ Shalini Sharma, by power of attorney
Stock symbol
PING
Transactions as of
Mar 31, 2022
Transactions value $
$0
Form type
4
Date filed
4/4/2022, 05:37 PM
Next filing
Apr 5, 2022

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 PING Options (Right to Buy) Award $0 +125K $0.00 125K Mar 31, 2022 Common Stock, $0.001 par value 125K $7.85 Direct F1
transaction PING Options (Right to Buy) Award $0 +14.2K $0.00 14.2K Mar 31, 2022 Common Stock, $0.001 par value 14.2K $8.48 Direct F2
transaction PING Options (Right to Buy) Award $0 +31.2K $0.00 31.2K Mar 31, 2022 Common Stock, $0.001 par value 31.2K $11.79 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 13, 2016, the reporting person was granted an option to purchase 124,667 shares of common stock. The options were initially to vest and become exercisable following the receipt by affiliates of Vista Equity Partners, LLC ("Vista") of a specified level of realized cash return on their investment. In January 2022, the compensation committee of the board of directors of Ping Identity Holding Corp. ("Issuer") determined that Vista had nearly realized the specified level of returns and decided to accelerate all options granted to named executive officers prior to the Issuer's initialpublic offering. All options under this grant vested as of March 31, 2022.
F2 On September 25, 2017, the reporting person was granted an option to purchase 14,167 shares of common stock. The options were initially to vest and become exercisable following the receipt by affiliates of Vista Equity Partners, LLC ("Vista") of a specified level of realized cash return on their investment. In January 2022, the compensation committee of the board of directors of Ping Identity Holding Corp. ("Issuer") determined that Vista had nearly realized the specified level of returns and decided to accelerate all options granted to named executive officers prior to the Issuer's initial public offering. All options under this grant vested as of March 31, 2022.
F3 On September 18, 2018, the reporting person was granted an option to purchase 31,167 shares of common stock. The options were initially to vest and become exercisable following the receipt by affiliates of Vista Equity Partners, LLC ("Vista") of a specified level of realized cash return on their investment. In January 2022, the compensation committee of the board of directors of Ping Identity Holding Corp. ("Issuer") determined that Vista had nearly realized the specified level of returns and decided to accelerate all options granted to named executive officers prior to the Issuer's initial public offering. All options under this grant vested as of March 31, 2022.

Remarks:

Exhibit 24.1 Power of Attorney