Erin Thomas Morton - Jan 4, 2022 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
Jan 4, 2022
Transactions value $
$0
Form type
4
Date filed
1/6/2022, 03:36 PM
Previous filing
Nov 17, 2021
Next filing
Mar 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SWCH Class B Common Stock Disposed to Issuer -136K -4.83% 2.69M Jan 4, 2022 By LLC F1, F2
transaction SWCH Class A Common Stock Options Exercise +136K +214.36% 200K Jan 4, 2022 By LLC F2, F3
holding SWCH Class A Common Stock 315K Jan 4, 2022 Direct
holding SWCH Class B Common Stock 528K Jan 4, 2022 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 -136K -4.83% $0.00 2.69M Jan 4, 2022 Class A Common Stock 136K 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.