Joseph Ansanelli - May 12, 2023 Form 4 Insider Report for Sumo Logic, Inc. (SUMO)

Role
Director
Signature
/s/ Katherine Haar, Attorney-in-fact
Stock symbol
SUMO
Transactions as of
May 12, 2023
Transactions value $
$0
Form type
4
Date filed
5/12/2023, 04:07 PM
Previous filing
Jul 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SUMO Common Stock Disposed to Issuer -333K -100% 0 May 12, 2023 Direct F1, F2, F3
transaction SUMO Common Stock Disposed to Issuer -3.37M -100% 0 May 12, 2023 See footnote F3, F4
transaction SUMO Common Stock Disposed to Issuer -304K -100% 0 May 12, 2023 See footnote F3, F5
transaction SUMO Common Stock Disposed to Issuer -108K -100% 0 May 12, 2023 See footnote F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Joseph Ansanelli is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

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.
F2 Pursuant to the terms of the Company's Outside Director Compensation Policy and/or the applicable award agreement governing such RSU, at the Effective Time, each unvested RSU was accelerated and converted into the right to receive an amount in cash equal to the Per Share Price.
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 Greylock XIII LP. The Reporting Person disclaims beneficial ownership of the securities held by Greylock XIII LP except to the extent of any pecuniary interest therein and the inclusion of these securities in this report shall not be deemed an admission by the Reporting Person of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
F5 These shares are held of record by Greylock XIII-A LP. The Reporting Person disclaims beneficial ownership of the securities held by Greylock XIII-A LP except to the extent of any pecuniary interest therein and the inclusion of these securities in this report shall not be deemed an admission by the Reporting Person of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
F6 These shares are held of record by Greylock XIII Principals. The Reporting Person disclaims beneficial ownership of the securities held by Greylock XIII Principals except to the extent of any pecuniary interest therein and the inclusion of these securities in this report shall not be deemed an admission by the Reporting Person of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.