Ramin Sayar - Jul 8, 2022 Form 4 Insider Report for Sumo Logic, Inc. (SUMO)

Role
President and CEO, Director
Signature
/s/ Katherine Haar, Attorney-in-fact
Stock symbol
SUMO
Transactions as of
Jul 8, 2022
Transactions value $
-$392,366
Form type
4
Date filed
7/12/2022, 04:05 PM
Previous filing
Jul 5, 2022
Next filing
Aug 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SUMO Common Stock Sale -$33.5K -4.04K -0.48% $8.31 829K Jul 8, 2022 Direct F1, F2, F3
transaction SUMO Common Stock Options Exercise $57.6K +50.1K +1881.82% $1.15* 52.8K Jul 8, 2022 See footnote F4
transaction SUMO Common Stock Sale -$416K -50.1K -94.95% $8.31 2.66K Jul 8, 2022 See footnote F1, F2, F4
holding SUMO Common Stock 7.43K Jul 8, 2022 See footnote F5
holding SUMO Common Stock 7.43K Jul 8, 2022 See footnote F5

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 -50.1K -2.52% $0.00 1.94M Jul 8, 2022 Common Stock 50.1K $1.15 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F2 This sale price represents the weighted average sale price of the shares sold ranging from $8.10 to $8.54 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 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.
F4 These shares are held of record by The Sayar Family Trust, for which the Reporting Person serves as co-trustee.
F5 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.
F6 The shares underlying this option are fully vested and immediately exercisable.