David Barter - Feb 3, 2023 Form 4 Insider Report for NEW RELIC, INC. (NEWR)

Role: Chief Financial Officer
Signature: David Barter, by /s/ Hannah E. Fleek, Attorney-in-Fact
Stock symbol: NEWR
Transactions as of: Feb 3, 2023
Transactions value $: $0
Form type: 4
Date filed: 2/7/2023, 05:31 PM
Previous filing: Nov 17, 2022
Next filing: Feb 17, 2023

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	NEWR	Performance Stock Units	Award	$0	+178K		$0.00	178K	Feb 3, 2023	Common Stock	178K	$0.00	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Performance-based restricted stock units ("PSUs") use the Issuer's stock price as vesting hurdles starting from February 3, 2023 (the "Grant Date") and ending on the two-year anniversary of the Grant Date (the "Performance Period"). There are four vesting hurdles at $85, $100, $115 and $135, with each hurdle pricing for vesting of an amount of common shares equal to 15.42%, 26.22%, 28.34% and 30.01% of the PSUs granted, respectively. A hurdle is met when the Issuer's closing trading stock price equals or exceeds the hurdle amount for 45 consecutive trading days during the Performance Period. Each tranche of PSUs will vest, subject to the Reporting Person's continued service, 50% on the later of (i) the first anniversary of the Grant Date or (ii) certification by the Issuer's Compensation Committee that the applicable stock price hurdle has been satisfied (such later date, the "Achievement Date"), and 50% on the first anniversary of the applicable Achievement Date.

Content

Performance-based restricted stock units ("PSUs") use the Issuer's stock price as vesting hurdles starting from February 3, 2023 (the "Grant Date") and ending on the two-year anniversary of the Grant Date (the "Performance Period"). There are four vesting hurdles at $85, $100, $115 and $135, with each hurdle pricing for vesting of an amount of common shares equal to 15.42%, 26.22%, 28.34% and 30.01% of the PSUs granted, respectively. A hurdle is met when the Issuer's closing trading stock price equals or exceeds the hurdle amount for 45 consecutive trading days during the Performance Period. Each tranche of PSUs will vest, subject to the Reporting Person's continued service, 50% on the later of (i) the first anniversary of the Grant Date or (ii) certification by the Issuer's Compensation Committee that the applicable stock price hurdle has been satisfied (such later date, the "Achievement Date"), and 50% on the first anniversary of the applicable Achievement Date.