Jason W. Bliss - 21 Feb 2023 Form 4 Insider Report for SolarWinds Corp (SWI)

Role
Chief Administrative Officer
Signature
/s/ Jason W. Bliss
Issuer symbol
SWI
Transactions as of
21 Feb 2023
Net transactions value
-$611,631
Form type
4
Filing time
23 Feb 2023, 15:35:59 UTC
Previous filing
17 Feb 2023
Next filing
17 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SWI Common Stock Award $0 +131,753 +23% $0.000000 706,761 21 Feb 2023 Direct F1
transaction SWI Common Stock Award $0 +123,152 +17% $0.000000 829,913 21 Feb 2023 Direct F2
transaction SWI Common Stock Tax liability $139,463 -15,723 -1.9% $8.87 814,190 21 Feb 2023 Direct F3
transaction SWI Common Stock Sale $472,168 -53,839 -6.6% $8.77 760,351 21 Feb 2023 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents performance share units awarded pursuant to the issuer's 2018 Equity Incentive Plan for which performance criteria has been satisfied that entitle the reporting person to receive one share of the issuer's common stock per performance share unit upon vesting. The performance share units vest 1/3rd on February 21, 2023 and 1/12th per quarter over the following eight quarters commencing on May 15, 2023, subject to continued service through each applicable date.
F2 Represents restricted stock units awarded pursuant to the issuer's 2018 Equity Incentive Plan that entitle the reporting person to receive one share of the issuer's common stock per restricted stock unit upon vesting. The restricted stock units vest 6.25% per quarter over sixteen quarters commencing on May 15, 2023, subject to continued service through each applicable date.
F3 Represents the number of shares withheld to satisfy the reporting person's tax obligations in connection with the vesting of performance share units.
F4 Shares sold pursuant to a 10b5-1 trading plan.
F5 This transaction was executed in multiple trades at prices ranging from $8.50 to $9.01, inclusive. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares sold and each separate price within the ranges set forth in this footnote.