Kevin Radigan - 01 Jul 2022 Form 4 Insider Report for Ubiquiti Inc. (UI)

Role
CHIEF ACCOUNTING OFFICER
Signature
/s/ Yi Qian Song, Attorney-in-Fact
Issuer symbol
UI
Transactions as of
01 Jul 2022
Net transactions value
-$163,942
Form type
4
Filing time
05 Jul 2022, 16:08:33 UTC
Previous filing
23 Aug 2021
Next filing
10 Aug 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UI Common Stock Options Exercise $0 +590 +40% $0.000000 2,052 01 Jul 2022 Direct F1
transaction UI Common Stock Tax liability $68,084 -277 -13% $245.79 1,775 01 Jul 2022 Direct F2
transaction UI Common Stock Options Exercise $0 +381 +21% $0.000000 2,156 01 Jul 2022 Direct F1
transaction UI Common Stock Tax liability $43,751 -178 -8.3% $245.79 1,978 01 Jul 2022 Direct F2
transaction UI Common Stock Options Exercise $0 +292 +15% $0.000000 2,270 01 Jul 2022 Direct F1
transaction UI Common Stock Tax liability $33,673 -137 -6% $245.79 2,133 01 Jul 2022 Direct F2
transaction UI Common Stock Options Exercise $0 +160 +7.5% $0.000000 2,293 01 Jul 2022 Direct F1
transaction UI Common Stock Tax liability $18,434 -75 -3.3% $245.79 2,218 01 Jul 2022 Direct 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 UI Restricted Stock Unit Options Exercise $0 -590 -100% $0.000000* 0 01 Jul 2022 Common Stock 590 Direct F3, F4
transaction UI Restricted Stock Unit Options Exercise $0 -381 -50% $0.000000 381 01 Jul 2022 Common Stock 381 Direct F3, F5
transaction UI Restricted Stock Unit Options Exercise $0 -292 -33% $0.000000 584 01 Jul 2022 Common Stock 292 Direct F3, F6
transaction UI Restricted Stock Unit Options Exercise $0 -160 -25% $0.000000 479 01 Jul 2022 Common Stock 160 Direct F3, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares acquired as a result of vesting of restricted stock units ("RSU") reported on Table II.
F2 Represents shares withheld to satisfy tax obligations arising out of vesting of RSUs and does not represent a sale by the reporting person.
F3 Each RSU represents a contingent right to receive one share of Ubiquiti Inc. common stock.
F4 590 RSUs vested on July 1, 2022. Vested units were delivered to the reporting person on the vesting date.
F5 The RSUs will vest as follows: 381 RSUs will vest on July 1, 2023. Vested units will be delivered to the reporting person on the vesting date.
F6 The RSUs will vest as follows: 292 RSUs will vest on July 1, 2023; and the remaining 292 RSUs will vest on July 1, 2024. Vested units will be delivered to the reporting person on each vesting date.
F7 The RSUs will vest as follows: 160 RSUs will vest on July 1, 2023; 160 RSUs will vest on July 1, 2024; and the remaining 159 RSUs will vest on July 1, 2025. Vested units will be delivered to the reporting person on each vesting date.