David Gardiner - Oct 23, 2021 Form 4 Insider Report for SolarWinds Corp (SWI)

Role: EVP, Chief Revenue Officer
Signature: /s/ Jason W. Bliss Attorney-in-Fact for David Gardiner
Stock symbol: SWI
Transactions as of: Oct 23, 2021
Transactions value $: -$169,689
Form type: 4
Date filed: 10/26/2021, 04:53 PM
Previous filing: Aug 17, 2021
Next filing: Nov 16, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SWI	Common Stock	Tax liability	-$170K	-9.08K	-1.36%	$18.68	661K	Oct 23, 2021	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Represents the number of shares withheld to satisfy the reporting person's tax obligations in connection with the vesting of restricted stock units.
F2	On July 30, 2021, the Issuer's Board of Directors declared a special cash dividend, paid on August 9, 2021. As a result, pursuant to the anti-dilution provisions of the Issuer's 2018 Equity Incentive Plan, outstanding restricted stock units were adjusted such that each restricted stock unit awarded to the reporting person was converted into 1.0862 restricted stock units. The number of securities beneficially owned has been adjusted to reflect the inclusion of such restricted stock units, as adjusted in connection with the special cash dividend.

Content

Represents the number of shares withheld to satisfy the reporting person's tax obligations in connection with the vesting of restricted stock units.

On July 30, 2021, the Issuer's Board of Directors declared a special cash dividend, paid on August 9, 2021. As a result, pursuant to the anti-dilution provisions of the Issuer's 2018 Equity Incentive Plan, outstanding restricted stock units were adjusted such that each restricted stock unit awarded to the reporting person was converted into 1.0862 restricted stock units. The number of securities beneficially owned has been adjusted to reflect the inclusion of such restricted stock units, as adjusted in connection with the special cash dividend.