Kevin Radigan - 01 Jul 2021 Form 4 Insider Report for Ubiquiti Inc. (UI)

Role
Chief Accounting Officer
Signature
/s/ Yi Qian Song, Attorney-in-Fact for Reporting Person
Issuer symbol
UI
Transactions as of
01 Jul 2021
Net transactions value
-$185,662
Form type
4
Filing time
02 Jul 2021, 16:56:40 UTC
Next filing
23 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UI Common Stock Options Exercise $0 +590 +75% $0.000000 1,380 01 Jul 2021 Direct F1
transaction UI Common Stock Tax liability $86,726 -277 -20% $313.09 1,103 01 Jul 2021 Direct F2
transaction UI Common Stock Options Exercise $0 +382 +35% $0.000000 1,485 01 Jul 2021 Direct F1
transaction UI Common Stock Tax liability $56,043 -179 -12% $313.09 1,306 01 Jul 2021 Direct F2
transaction UI Common Stock Options Exercise $0 +293 +22% $0.000000 1,599 01 Jul 2021 Direct F1
transaction UI Common Stock Tax liability $42,893 -137 -8.6% $313.09 1,462 01 Jul 2021 Direct 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 UI Restricted Stock Unit Options Exercise $0 -590 -50% $0.000000 590 01 Jul 2021 Common Stock 590 Direct F3, F4
transaction UI Restricted Stock Unit Options Exercise $0 -382 -33% $0.000000 762 01 Jul 2021 Common Stock 382 Direct F3, F5
transaction UI Restricted Stock Unit Options Exercise $0 -293 -25% $0.000000 876 01 Jul 2021 Common Stock 293 Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares acquired as a result of vesting of restricted stock units ("RSU") reported on Table II.
F2 Represents shares withheld to satisfy tax obligations arising out of vesting of RSUs and does not represent a sale by the reporting person.
F3 Each RSU represents a contingent right to receive one share of Ubiquiti Inc. common stock.
F4 The RSUs will vest as follows: 590 RSUs will vest on July 1, 2022. Vested units will be delivered to the reporting person on each vesting date.
F5 The RSUs will vest as follows: 381 RSUs will vest on July 1, 2022; and the remaining 381 RSUs will vest on July 1, 2023. Vested units will be delivered to the reporting person on each vesting date.
F6 The RSUs will vest as follows: 292 RSUs will vest on July 1, 2022; 292 RSUs will vest on July 1, 2023; and the remaining 292 RSUs will vest on July 1, 2024. Vested units will be delivered to the reporting person on each vesting date.