Michael R. Cote - 11 Jun 2021 Form 4 Insider Report for SecureWorks Corp

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ George B. Hanna, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
11 Jun 2021
Net transactions value
-$1,343,829
Form type
4
Filing time
15 Jun 2021, 18:37:59 UTC
Next filing
25 Jun 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCWX Class A Common Stock Options Exercise $7,000,000 +500,000 +32% $14.00 2,083,873 11 Jun 2021 Direct
transaction SCWX Class A Common Stock Tax liability $7,867,679 -427,359 -21% $18.41 1,656,514 11 Jun 2021 Direct F1
transaction SCWX Class A Common Stock Options Exercise $2,800,000 +200,000 +12% $14.00 1,856,514 14 Jun 2021 Direct
transaction SCWX Class A Common Stock Tax liability $3,276,150 -163,399 -8.8% $20.05 1,693,115 14 Jun 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 SCWX Options to Acquire Class A Common Stock Options Exercise $0 -500,000 -56% $0.000000 389,183 11 Jun 2021 Class A Common Stock 500,000 $14.00 Direct F2
transaction SCWX Options to Acquire Class A Common Stock Options Exercise $0 -200,000 -51% $0.000000 189,183 14 Jun 2021 Class A Common Stock 200,000 $14.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld by SecureWorks Corp. in connection with a net exercise by the reporting person of stock options granted on April 21, 2016. Such shares were withheld in satisfaction of the applicable exercise price for, and tax liability incurred upon, such exercise.
F2 The options are fully vested.