Rob Roy - Oct 7, 2021 Form 4 Insider Report for Switch, Inc. (SWCH)

Role: Chief Executive Officer, Director
Signature: /s/ Gabriel Nacht, as Attorney-in-Fact for Rob Roy
Stock symbol: SWCH
Transactions as of: Oct 7, 2021
Transactions value $: -$11,877
Form type: 4
Date filed: 10/12/2021, 04:44 PM
Previous filing: Sep 27, 2021
Next filing: Nov 26, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SWCH	Class A Common Stock	Options Exercise		+200K	+38.49%		720K	Oct 7, 2021	Direct	F1
transaction	SWCH	Class A Common Stock	Tax liability	-$12.5K	-508	-0.07%	$24.59	719K	Oct 11, 2021	Direct	F2
transaction	SWCH	Class A Common Stock	Award	$615	+25	+0%	$24.59	719K	Oct 11, 2021	Direct	F3
transaction	SWCH	Class B Common Stock	Disposed to Issuer		-200K	-1.33%		14.9M	Oct 7, 2021	Direct	F4

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	-200K	-1.33%	$0.00	14.9M	Oct 7, 2021	Class A Common Stock	200K		Direct	F1

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

Explanation of Responses:

Id	Content
F1	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.
F2	Represents shares withheld to satisfy the Reporting Person's tax withholding obligation upon the vesting of restricted stock units.
F3	Represents shares of Class A Common Stock delivered in settlement of dividend equivalent rights awarded in connection with restricted stock units owned by the reporting person (previously reported) that accrue in cash and are settled in shares, proportionately, upon the vesting of the restricted stock units.
F4	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.