Michael Farlekas - 05 May 2023 Form 4 Insider Report for E2open Parent Holdings, Inc. (ETWO)

Role
Chief Executive Officer, Director
Signature
/s/ Jennifer S. Grafton by power of attorney
Issuer symbol
ETWO
Transactions as of
05 May 2023
Net transactions value
-$58,922
Form type
4
Filing time
09 May 2023, 21:31:13 UTC
Previous filing
03 May 2023
Next filing
24 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ETWO Class A Common Stock Sale $58,922 -13,000 -6% $4.53 204,478 05 May 2023 Direct F1, 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 ETWO Stock Option Award $0 +318,024 $0.000000 318,024 05 May 2023 Class A Common Stock 318,024 $4.62 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 on May 15, 2022 and amended on October 17, 2022.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.44 to $4.64, inclusive. The reporting person undertakes to provide to E2open, any security holder of E2open, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth.
F3 The options will vest one-third (1/3rd) on May 5, 2024, and two-thirds (2/3rds) will vest equally on each three-month anniversary thereafter for two years with the last vesting occurring on May 5, 2026, subject to continued employment with E2open.