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

Role: Chief Accounting Officer
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, 04:19 PM
Previous filing: Mar 16, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	Price $	Shares After	Date	Ownership	Footnotes
transaction	SUMO	Common Stock	-Disposed to Issuer		-189,874	-100%		0	May 12, 2023	Direct	F1, F2
transaction	SUMO	Common Stock	-Disposed to Issuer		-30,000	-100%		0	May 12, 2023	See footnote	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	SUMO	Stock Option (right to buy)	-Disposed to Issuer	$0	-90,000	-100%	$0.00	0	May 12, 2023	Common Stock	90,000	$3.68	Direct	F4

Jennifer McCord 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. 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	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.
F3	These shares are held by the Jennifer R. and Robert T. McCord Living Trust, dated April 08, 2020, for which the Reporting Person and the Reporting Person's spouse serve as co-trustees.
F4	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.