Jennifer McCord - Dec 15, 2021 Form 4 Insider Report for Sumo Logic, Inc. (SUMO)

Role
Chief Accounting Officer
Signature
/s/ Katherine Haar, Attorney-in-fact
Stock symbol
SUMO
Transactions as of
Dec 15, 2021
Transactions value $
-$27,463
Form type
4
Date filed
12/17/2021, 06:55 PM
Previous filing
Sep 17, 2021
Next filing
Mar 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SUMO Common Stock Award $0 +126K +134.02% $0.00 220K Dec 15, 2021 Direct F1, F2, F3
transaction SUMO Common Stock Sale -$27.5K -1.95K -0.89% $14.10 218K Dec 16, 2021 Direct F2, F4, F5
holding SUMO Common Stock 15K Dec 15, 2021 See footnote F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share is represented by a Restricted Stock Unit ("RSU"). One-sixteenth (1/16th) of the RSUs will vest on the first Quarterly Vesting Date following the date of the grant and on each Quarterly Vesting Date thereafter, subject to the Reporting Person continuing to be a service provider to the Issuer through each such date. A "Quarterly Vesting Date" is the first Trading Day on or after each of March 15, June 15, September 15, and December 15.
F2 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.
F3 Includes 1,041 shares acquired under the Issuer's Employee Stock Purchase Plan on December 15, 2021.
F4 Shares sold to cover tax obligations in connection with the vesting of RSUs.
F5 This sale price represents the weighted average sale price of the shares sold ranging from $13.644 to $14.109 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.
F6 These shares are held by the Jennifer R. and Robert T. McCord Living Trust, dated April 08, 2020, for which the Reporting Person and the Reporting Person's spouse serve as co-trustees.