Rakesh Sachdev - Jan 12, 2023 Form 4 Insider Report for Axalta Coating Systems Ltd. (AXTA)

Role
Director
Signature
/s/ Alex Tablin-Wolf, attorney-in-fact
Stock symbol
AXTA
Transactions as of
Jan 12, 2023
Transactions value $
-$1,227,789
Form type
4
Date filed
1/17/2023, 05:00 PM
Previous filing
Sep 2, 2022
Next filing
Feb 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AXTA Common Shares Options Exercise +155K +1505.2% 166K Jan 12, 2023 Direct F1
transaction AXTA Common Shares Tax liability -$1.23M -44.5K -26.84% $27.61 121K Jan 12, 2023 Direct F2

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 AXTA Restricted Stock Units Options Exercise $0 -155K -100% $0.00* 0 Jan 12, 2023 Common Shares 155K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common shares on a one-for-one basis.
F2 Represents shares withheld to satisfy a portion of the tax withholding obligation applicable to the vesting of a restricted stock unit award. The reporting person paid $600,000 in cash in satisfaction of the remaining tax withholding obligation.
F3 On August 31, 2022, the reporting person was granted 233,009 restricted stock units.