Andre Durand - Mar 31, 2022 Form 4 Insider Report for Ping Identity Holding Corp. (PING)

Role: CEO, Director, Director
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, 05:40 PM
Previous filing: Mar 29, 2022
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	+453K		$0.00	453K	Mar 31, 2022	Common stock, $0.001 par value	453K	$7.85	Direct	F1
transaction	PING	Options (Right to Buy)	Award	$0	+55.3K		$0.00	55.3K	Mar 31, 2022	Common stock, $0.001par value	55.3K	$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