Dara F. Altman - 28 May 2021 Form 4 Insider Report for SIRIUS XM HOLDINGS INC. (SIRI)

Signature
/s/Patrick L. Donnelly, attorney in fact
Issuer symbol
SIRI
Transactions as of
28 May 2021
Net transactions value
-$1,398,700
Form type
4
Filing time
01 Jun 2021, 18:20:50 UTC
Previous filing
10 May 2021
Next filing
31 Aug 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SIRI Common Stock Award $0 +1,353 +0.2% $0.000000 691,629 28 May 2021 Direct F1
transaction SIRI Common Stock Tax liability $1,398,700 -223,792 -32% $6.25 467,837 01 Jun 2021 Direct F2
holding SIRI Common Stock 56,003 28 May 2021 By 401(k) Plan
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 28, 2021, Sirius XM Holdings Inc. ("Sirius XM") paid a cash dividend of $0.014641 per share on each share of its outstanding common stock. The dividend was payable to all holders of Sirius XM's common stock on the record date, May 7, 2021. Pursuant to the terms of the agreement governing the outstanding restricted stock units held by the filer, the filer received certain additional restricted stock units as a result of this cash dividend. These additional units are subject to the same conditions regarding vesting and settlement as the underlying restricted stock units to which they relate.
F2 Represents the surrender of common stock to the Company to cover withholding taxes upon the vesting of restricted stock units and related dividends.