Erin Thomas Morton - Jul 1, 2021 Form 4 Insider Report for Switch, Inc. (SWCH)

Role: President/Chief Legal Officer
Signature: /s/ Gabriel Nacht, as Attorney-in-Fact for Erin Thomas Morton
Stock symbol: SWCH
Transactions as of: Jul 1, 2021
Transactions value $: $0
Form type: 4
Date filed: 7/6/2021, 04:33 PM
Previous filing: Jun 23, 2021
Next filing: Jul 8, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SWCH	Class B Common Stock	Disposed to Issuer		-500K	-15.05%		2.82M	Jul 1, 2021	By LLC	F1, F2
transaction	SWCH	Class A Common Stock	Options Exercise		+500K			500K	Jul 1, 2021	By LLC	F2, F3
holding	SWCH	Class A Common Stock						478K	Jul 1, 2021	Direct
holding	SWCH	Class B Common Stock						528K	Jul 1, 2021	Direct

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	Options Exercise	$0	-500K	-15.05%	$0.00	2.82M	Jul 1, 2021	Class A Common Stock	500K		By LLC	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares of Class B Common Stock of the Issuer owned by the reporting person that were, pursuant to the Amended and Restated Articles of Incorporation (the "Articles") of the Issuer, forfeited and cancelled for no consideration upon redemption and conversion of an equal number of common membership units (the "Common Units") of Switch, Ltd. (the "LLC"). The Class B Common Stock only confers voting rights (one vote per share) and does not confer economic rights.
F2	Held by an affiliated company of Mr. Morton; Mr. Morton has voting and dispositive control over, and full pecuniary interests in, these shares.
F3	The reporting person surrendered for redemption and conversion Common Units of the LLC into an equal number of number of shares of the Issuer's Class A Common Stock pursuant to the Articles of the Issuer and the Fifth Amended and Restated Operating Agreement of the LLC. The Common Units have no expiration date.