| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SUMO | Common Stock | Disposed to Issuer | -739K | -100% | 0 | May 12, 2023 | Direct | F1, F2, F3 | ||
| transaction | SUMO | Common Stock | Disposed to Issuer | -2.66K | -100% | 0 | May 12, 2023 | See footnote | F3, F4 | ||
| transaction | SUMO | Common Stock | Disposed to Issuer | -7.43K | -100% | 0 | May 12, 2023 | See footnote | F3, F5 | ||
| transaction | SUMO | Common Stock | Disposed to Issuer | -7.43K | -100% | 0 | May 12, 2023 | See footnote | F3, F5 |
| 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) | Disposed to Issuer | $0 | -1.84M | -100% | $0.00* | 0 | May 12, 2023 | Common Stock | 1.84M | $1.15 | Direct | F6 |
| transaction | SUMO | Stock Option (right to buy) | Disposed to Issuer | $0 | -1.03M | -100% | $0.00* | 0 | May 12, 2023 | Common Stock | 1.03M | $2.65 | Direct | F6 |
| transaction | SUMO | Stock Option (right to buy) | Disposed to Issuer | $0 | -456K | -100% | $0.00* | 0 | May 12, 2023 | Common Stock | 456K | $3.68 | Direct | F6 |
Ramin Sayar is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
| Id | Content |
|---|---|
| F1 | Certain of these shares are represented by previously reported restricted stock units ("RSUs"). At the effective time of the merger (the "Effective Time") each issued and outstanding RSU was cancelled and converted into the right to receive an amount equal to $12.05 in cash (the "Per Share Price"), subject to the terms set forth in the Merger Agreement. Following the Effective Time, the cash payments relating to the unvested RSUs are subject to the Reporting Person's continued service with the Company through the applicable vesting dates that would have otherwise applied to the corresponding RSU. |
| F2 | Includes 3,302 shares acquired under the Issuer's Employee Stock Purchase Plan on May 5, 2023. |
| F3 | Pursuant to an Agreement and Plan of Merger (the "Merger Agreement") between Serrano Parent, Serrano Merger Sub, Inc., and Sumo Logic (the "Company"), each issued and outstanding share of the Company's common stock was cancelled and converted into the right to receive an amount in cash equal to the Per Share Price. |
| 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 | At the Effective Time, each issued and outstanding stock option was cancelled and converted into the right to receive an amount in cash equal to (x) the Per Share Price, over (y) the exercise price per share of such stock option, subject to the terms set forth in the Merger Agreement. Following the Effective Time, the cash payments relating to the unvested shares underlying the stock option are subject to the Reporting Person's continued service with the Company through the applicable vesting dates that would have otherwise applied to the corresponding stock option. |