Ramin Sayar - May 20, 2021 Form 4 Insider Report for Sumo Logic, Inc. (SUMO)

Signature
/s/ Katherine Haar, Attorney-in-fact
Stock symbol
SUMO
Transactions as of
May 20, 2021
Transactions value $
-$1,109,273
Form type
4
Date filed
5/24/2021, 04:33 PM
Next filing
Jul 2, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SUMO Common Stock Options Exercise $71.3K +62K +8.6% $1.15* 783K May 20, 2021 Direct F1
transaction SUMO Common Stock Sale -$1.13M -62K -7.92% $18.28 721K May 20, 2021 Direct F1, F2, F3
transaction SUMO Common Stock Sale -$47.5K -2.6K -10.48% $18.28 22.2K May 20, 2021 See footnote F2, F4, F5
holding SUMO Common Stock 7.43K May 20, 2021 See footnote F6
holding SUMO Common Stock 7.43K May 20, 2021 See footnote F6

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 SUMO Stock Option (right to buy) Options Exercise $0 -62K -2.09% $0.00 2.91M May 20, 2021 Common Stock 62K $1.15 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Certain of these shares are represented by previously reported RSUs. Each RSU represents the Reporting Person's right to receive one share of Common Stock of the Issuer subject to the applicable vesting schedule and the Reporting Person continuing to be a Service Provider through each such date.
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 8, 2021.
F3 This sale price represents the weighted average sale price of the shares sold ranging from $17.81 to $18.57 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
F4 This sale price represents the weighted average sale price of the shares sold ranging from $18.03 to $18.53 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
F5 These shares are held of record by The Sayar Family Trust, for which the Reporting Person serves as co-trustee.
F6 Shares are held in trusts for the benefit of each of the Reporting Person's children. The Reporting Person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F7 The shares underlying this option are fully vested and immediately exercisable.