VPE Holdings, LLC - Sep 8, 2023 Form 4 Insider Report for Vertiv Holdings Co (VRT)

Role
Director
Signature
Platinum Equity, LLC, By: /s/ Mary Ann Sigler, Executive Vice President, Chief Financial Officer and Treasurer
Stock symbol
VRT
Transactions as of
Sep 8, 2023
Transactions value $
-$375,000,000
Form type
4
Date filed
9/12/2023, 05:56 PM
Previous filing
Aug 9, 2023
Next filing
Mar 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRT Class A common stock, par value $0.0001 Sale -$375M -10M -55.69% $37.50 7.96M Sep 8, 2023 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 Represents shares owned directly by VPE Holdings, LLC ("VPE").
F2 Tom Gores is the manager of Platinum Equity, LLC, which is the sole member of Platinum Equity Investment Holdings, LLC, which is the sole member of Platinum Equity Investment Holdings IC (Cayman), LLC which is the general partner of Platinum Equity InvestCo, L.P., which is the sole member of Platinum Equity Investment Holdings III, LLC, which is the managing member of an entity (the "Coinvest Entity") that is a member of PE Vertiv Holdings, LLC and the senior managing member of Platinum Equity Partners III, LLC, which is the general partner of four entities that, together with the Coinvest Entity, hold a majority of the membership interests of PE Vertiv Holdings, LLC, which owns a majority of the outstanding interests of Vertiv JV Holdings, LLC, which owns a majority of the outstanding interests of VPE.
F3 By virtue of these relationships, each of the entities named herein and Mr. Gores may be deemed to share beneficial ownership of the securities held of record by VPE, except to the extent of their pecuniary interests therein.