Steven D. Fitz - Sep 3, 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
Sep 3, 2021
Transactions value $
-$602,600
Form type
4
Date filed
9/8/2021, 04:05 PM
Previous filing
Jul 9, 2021
Next filing
Sep 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SUMO Common Stock Options Exercise $2.88K +1.5K +0.73% $1.92* 207K Sep 3, 2021 Direct F1
transaction SUMO Common Stock Sale -$33K -1.5K -0.72% $22.00 206K Sep 3, 2021 Direct F1, F2
transaction SUMO Common Stock Options Exercise $54.7K +28.5K +13.84% $1.92* 234K Sep 7, 2021 Direct F1
transaction SUMO Common Stock Sale -$627K -28.5K -12.16% $22.01 206K Sep 7, 2021 Direct F1, F2, F3

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 -1.5K -0.23% $0.00 639K Sep 3, 2021 Common Stock 1.5K $1.92 Direct F4
transaction SUMO tock Option (right to buy) Options Exercise $0 -28.5K -4.46% $0.00 611K Sep 7, 2021 Common Stock 28.5K $1.92 Direct F4
* 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 $22.00 to $22.06 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 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.