Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | SUMO | Common Stock | Award | $0 | +60.1K | +52.07% | $0.00 | 176K | Dec 15, 2021 | Direct | F1, F2 |
transaction | SUMO | Common Stock | Award | $0 | +240K | +136.95% | $0.00 | 416K | Dec 15, 2021 | Direct | F2, F3 |
transaction | SUMO | Common Stock | Sale | -$77.3K | -5.48K | -1.32% | $14.10 | 410K | Dec 16, 2021 | Direct | F2, F4, F5 |
Id | Content |
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F1 | Each share is represented by a Restricted Stock Unit ("RSU"). One hundred percent (100%) of the RSUs will vest on December 15, 2022, subject to the Reporting Person continuing to be a service provider to the Issuer through such vesting date. |
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 | Each share is represented by an 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. |
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 $13.641 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. |