Steven D. Fitz - Jun 17, 2021 Form 4 Insider Report for Sumo Logic, Inc. (SUMO)

Role
Chief Revenue Officer
Signature
/s/ Katherine Haar, Attorney-in-fact
Stock symbol
SUMO
Transactions as of
Jun 17, 2021
Transactions value $
-$1,505,932
Form type
4
Date filed
6/22/2021, 08:08 PM
Previous filing
Jun 16, 2021
Next filing
Jun 24, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SUMO Common Stock Sale -$116K -6.05K -2.55% $19.10 231K Jun 17, 2021 Direct F1, F2, F3, F4
transaction SUMO Common Stock Options Exercise $66.1K +34.4K +14.91% $1.92* 265K Jun 18, 2021 Direct F4
transaction SUMO Common Stock Sale -$1.11M -50.3K -18.96% $22.00 215K Jun 18, 2021 Direct F4, F5, F6
transaction SUMO Common Stock Options Exercise $22.3K +11.6K +5.41% $1.92* 227K Jun 21, 2021 Direct F4
transaction SUMO Common Stock Sale -$372K -16.9K -7.46% $22.00 210K Jun 21, 2021 Direct F4, F5, F7

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 -34.4K -4.93% $0.00 664K Jun 18, 2021 Common Stock 34.4K $1.92 Direct F8
transaction SUMO Stock Option (right to buy) Options Exercise $0 -11.6K -1.75% $0.00 652K Jun 21, 2021 Common Stock 11.6K $1.92 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares sold to cover tax obligations in connection with the vesting of RSUs.
F2 This sale price represents the weighted average sale price of the shares sold ranging from $19.102 to $19.106 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.
F3 Includes 957 shares acquired under the Issuer's Employee Stock Purchase Plan on June 15, 2021.
F4 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.
F5 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.
F6 This sale price represents the weighted average sale price of the shares sold ranging from $21.33 to $22.04 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.
F7 This sale price represents the weighted average sale price of the shares sold ranging from $22.00 to $22.005 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.
F8 The shares underlying this option vested as to 1/4th of the total shares on November 5, 2019 with 1/48th of the total shares vesting monthly thereafter, subject to the Reporting Person's continued role as a service provider to the Issuer.