Bryan C. Hanson - 01 Sep 2024 Form 4 Insider Report for Solventum Corp (SOLV)

Role: Chief Executive Officer, Director
Signature: /s/ Breanna L. Wise, attorney-in-fact for Bryan C. Hanson
Issuer symbol: SOLV
Transactions as of: 01 Sep 2024
Net transactions value: -$1,696,863
Form type: 4
Filing time: 04 Sep 2024, 20:58:47 UTC
Previous filing: 15 May 2024
Next filing: 05 Nov 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SOLV	Common Stock	Options Exercise	$0	+67,261		$0.000000	67,261	01 Sep 2024	Direct	F1
transaction	SOLV	Common Stock	Tax liability	$1,696,863	-26,468	-39%	$64.11	40,793	01 Sep 2024	Direct

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	SOLV	Restricted Stock Units	Options Exercise	$0	-67,261	-33%	$0.000000	134,522	01 Sep 2024	Common Stock	67,261		Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	Reflects vesting of Solventum RSUs received upon conversion of previously granted 3M RSUs. Each 3M RSU converted into the number of Solventum RSUs equal to the number of 3M Shares subject to such 3M RSU Award immediately prior to the Effective Time of the separation, multiplied by the SpinCo Ratio as set forth in the Employee Matters Agreement entered into in connection with the separation.
F2	Each Restricted Stock unit ("RSU") represents a contingent right to receive 1 share of the issuer's Class A Common Stock upon settlement.
F3	The RSUs shall fully vest in three tranches, with one-third vesting on each of the first through third anniversary of the grant date, subject to continued service through the vesting date.