Sudhakar Ramakrishna - Feb 13, 2024 Form 4 Insider Report for SolarWinds Corp (SWI)

Role
CEO & President, Director
Signature
/s/ Jason W. Bliss Attorney-in-Fact for Sudhakar Ramakrishna
Stock symbol
SWI
Transactions as of
Feb 13, 2024
Transactions value $
-$1,205,082
Form type
4
Date filed
2/15/2024, 04:20 PM
Previous filing
Jan 8, 2024
Next filing
Feb 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SWI Common Stock Award $0 +668K +40.21% $0.00 2.33M Feb 13, 2024 Direct F1
transaction SWI Common Stock Tax liability -$1.21M -95.1K -4.08% $12.67 2.23M Feb 13, 2024 Direct F2
* 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 13, 2024 and 1/12th per quarter over the following eight quarters commencing on May 15, 2024, subject to continued service through each applicable date.
F2 Represents the number of shares withheld to satisfy the reporting person's tax obligations in connection with the vesting of performance share units.