Donald D. Snyder - Apr 12, 2021 Form 4 Insider Report for Switch, Inc. (SWCH)

Role
Director
Signature
/s/ Gabriel Nacht, as Attorney-in-Fact for Donald D. Snyder
Stock symbol
SWCH
Transactions as of
Apr 12, 2021
Transactions value $
$0
Form type
4
Date filed
6/15/2021, 04:41 PM
Next filing
Jul 6, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SWCH Class B Common Stock Gift -600K -73.82% 213K Apr 12, 2021 Direct F1
transaction SWCH Class B Common Stock Gift $0 -100K -46.99% $0.00 113K May 17, 2021 Direct
transaction SWCH Class A Common Stock Award $0 +9.33K +6.53% $0.00 152K Jun 11, 2021 Direct F2
transaction SWCH Class B Common Stock Gift +600K 600K Apr 12, 2021 BY LLC F1, 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 SWCH Common Units Gift -600K -73.82% 213K Apr 12, 2021 Class A Common Stock 600K Direct F1, F4
transaction SWCH Common Units Gift $0 -100K -46.99% $0.00 113K May 17, 2021 Class A Common Stock 100K Direct F4
transaction SWCH Common Units Gift +600K 600K Apr 12, 2021 Class A Common Stock 600K BY LLC F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Securities were transferred without consideration from Mr. Snyder to an affiliated company of Mr. Snyder for estate planning purposes.
F2 Represents restricted shares granted on June 11, 2021, subject to forfeiture and transfer restrictions until the earlier of June 11, 2022 and the date of the Company's 2022 annual stockholder meeting.
F3 Held by an affiliated company of Mr. Snyder.
F4 The Common Units are redeemable on a one-for-one basis for shares of Class A Common Stock or, at the election of the Issuer, cash equal to a volume weighted average market price of one share of Class A Common Stock for each Common Unit redeemed. The Common Units have no expiration date. Upon any redemption of Common Units, one share of Class B common stock is automatically forfeited and cancelled for each Common Unit so redeemed.