Jonathan H. King - Dec 6, 2022 Form 4 Insider Report for Switch, Inc. (SWCH)

Role: Chief Revenue Officer
Signature: /s/ Gabriel Nacht, as Attorney-in-Fact for Jonathan H. King
Stock symbol: SWCH
Transactions as of: Dec 6, 2022
Transactions value $: -$6,966,519
Form type: 4
Date filed: 12/8/2022, 03:17 PM
Previous filing: Dec 2, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SWCH	Class A Common Stock	Options Exercise		+33.3K	+19.58%		203K	Dec 6, 2022	Direct	F1
transaction	SWCH	Class A Common Stock	Disposed to Issuer	-$6.97M	-203K	-100%	$34.25	0	Dec 6, 2022	Direct	F2, 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	Performance-Based Restricted Stock Units	Options Exercise		-16.7K	-100%		0	Dec 6, 2022	Class A Common Stock	33.3K		Direct	F1

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

Jonathan H. King is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Represents the settlement of performance-based restricted stock units into shares of Class A Common Stock based on maximum achievement of total shareholder return ("TSR") performance goals through the closing date of the merger (the "Merger") contemplated by that certain Agreement and Plan of Merger (the "Merger Agreement"), dated May 11, 2022, by and among Switch, Inc. (the "Company"), Switch, Ltd., a Nevada limited liability company, Sunshine Merger Sub, Ltd., a Nevada limited liability company and a direct and wholly owned subsidiary of the Company, Sunshine Bidco Inc., a Delaware corporation ("Parent"), and Sunshine Parent Merger Sub Inc., a Nevada corporation and a wholly owned subsidiary of Parent.
F2	Includes the full vesting and cancellation of 97,098 restricted stock units ("RSUs") in exchange for the per share cash Merger consideration of $34.25 on the Merger closing date in accordance with the terms of the Merger Agreement.
F3	Represents the cancellation of securities in exchange for the per share cash Merger consideration of $34.25, on the Merger closing date, in accordance with the terms of the Merger Agreement.