Mark Dodds - May 15, 2023 Form 4 Insider Report for NEW RELIC, INC. (NEWR)

Role
Chief Revenue Officer
Signature
Mark Dodds, by /s/ Hannah E. Fleek, Attorney-in-Fact
Stock symbol
NEWR
Transactions as of
May 15, 2023
Transactions value $
-$167,237
Form type
4
Date filed
5/17/2023, 06:15 PM
Previous filing
Sep 12, 2023
Next filing
Jun 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NEWR Common Stock Options Exercise $0 +5.58K +29.71% $0.00 24.4K May 15, 2023 Direct
transaction NEWR Common Stock Sale -$167K -2.22K -9.1% $75.40 22.2K May 16, 2023 Direct F1, F2

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 Restricted Stock Units Options Exercise $0 -5.58K -9.09% $0.00 55.8K May 15, 2023 Common Stock 5.58K $0.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The Reporting Person made a prior election to sell only the number of shares of common stock necessary to cover applicable tax withholding obligations realized upon the vesting of restricted stock units, as well as any related brokerage commission fees.
F2 The shares were sold at prices ranging from $74.87 to $75.74. The reporting person will provide upon request to the SEC, the issuer or security holder of the issuer, full information regarding the number of shares sold at each separate price.
F3 Represents Restricted Stock Units ("RSUs"). The RSUs vest in equal quarterly installments from November 15, 2022 (the "Vesting Start Date") until the third anniversary of the Vesting Start Date, in each case subject to the Reporting Person's Continuous Service (as defined in the 2014 Equity Incentive Plan) on such vesting date.