Biggs C. Porter - May 3, 2023 Form 4 Insider Report for Maxar Technologies Inc. (MAXR)

Role: EVP, CFO
Signature: /s/ Eric J. Pagels, attorney-in-fact for Biggs C. Porter
Stock symbol: MAXR
Transactions as of: May 3, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/5/2023, 04:57 PM
Previous filing: Mar 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MAXR	Common Stock	Award		+99.9K	+33.34%		400K	May 3, 2023	Direct	F1
transaction	MAXR	Common Stock	Disposed to Issuer		-400K	-100%		0	May 3, 2023	Direct	F1, F2
transaction	MAXR	Common Stock	Award		-99	-100%		0	May 3, 2023	By Trust	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	MAXR	Common Stock Appreciation Right	Disposed to Issuer	$0	-10.3K	-100%	$0.00^*	0	May 3, 2023	Common Stock	0	$36.44	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Biggs C. Porter is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Pursuant to the Agreement and Plan of Merger dated as of Dec. 15, 2022 by and among the Issuer, Galileo Parent, Inc., a Delaware corporation, Galileo Bidco, Inc., a Delaware corporation, and Galileo Topco, Inc., a Delaware corporation ("Merger Agreement"), the number of shares of Issuer common stock underlying restricted stock units previously awarded by the Issuer that were subject to performance-based vesting conditions was deemed to equal the target number of shares subject to the applicable award multiplied by the applicable performance percentage set forth in the Merger Agreement. In accordance with the Merger Agreement, these awards converted into the right to receive a cash payment (without interest and subject to applicable taxes) equal to the amount obtained by multiplying the foregoing number of shares underlying each such award by $53.00, with the aggregate amount of such payment rounded down to the nearest cent.
F2	Pursuant to the Merger Agreement, each share of Issuer common stock, par value $0.0001 per share, and each share of Issuer common stock underlying restricted stock units subject to time-based vesting conditions, automatically and without any required action by the Reporting Person, was converted into the right to receive a cash payment (without interest and subject to any applicable taxes) of $53.00.
F3	The Reporting Person is the Co-Trustee of the Biggs Cunningham Porter Trust.
F4	Pursuant to the Merger Agreement, awards of stock appreciation rights ("SARs") previously granted by the Issuer were converted into the right to receive a cash payment (without interest and subject to any applicable taxes) equal to the product obtained by multiplying the total number of shares of Issuer common stock covered by such award, by the excess, if any, of $53.00 over the applicable exercise price of such SAR, with the aggregate amount of such payment rounded down to the nearest cent.