Andre Wong Durand - 31 Mar 2022 Form 4 Insider Report for Ping Identity Holding Corp.

Role: CEO, Director, Director
Signature: /s/ Shalini Sharma, by power of attorney
Issuer symbol: N/A
Transactions as of: 31 Mar 2022
Net transactions value: $0
Form type: 4
Filing time: 04 Apr 2022, 17:40:35 UTC
Previous filing: 29 Mar 2022
Next filing: 05 Apr 2022
SEC: View on sec.gov

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	+453,390		$0.000000	453,390	31 Mar 2022	Common stock, $0.001 par value	453,390	$7.85	Direct	F1
transaction	PING	Options (Right to Buy)	Award	$0	+55,250		$0.000000	55,250	31 Mar 2022	Common stock, $0.001par value	55,250	$8.48	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On June 30, 2016, the reporting person was granted an option to purchase 453,390 shares of common stock. The options were initially to vest and become exercisable following the receipt byaffiliates 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 IdentityHolding 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 55,250 shares of common stock. The options were initially to vest and become exercisable following the receipt byaffiliates 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 IdentityHolding 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.

Content

On June 30, 2016, the reporting person was granted an option to purchase 453,390 shares of common stock. The options were initially to vest and become exercisable following the receipt byaffiliates 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 IdentityHolding 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.

On September 25, 2017, the reporting person was granted an option to purchase 55,250 shares of common stock. The options were initially to vest and become exercisable following the receipt byaffiliates 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 IdentityHolding 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.

Remarks:

Exhibit 24.1 - Power of Attorney