Andrea Webb - May 15, 2024 Form 4 Insider Report for SolarWinds Corp (SWI)

Signature
/s/ Jason W. Bliss Attorney-in-Fact for Andrea Webb
Stock symbol
SWI
Transactions as of
May 15, 2024
Transactions value $
-$311,444
Form type
4
Date filed
5/17/2024, 04:35 PM
Previous filing
Mar 19, 2024
Next filing
Aug 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SWI Common Stock Tax liability -$145K -12.1K -1.48% $12.05* 804K May 15, 2024 Direct F1, F2
transaction SWI Common Stock Tax liability -$166K -13.8K -1.71% $12.05 791K May 15, 2024 Direct F3
* 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 March 15, 2024, the Issuer's Board of Directors declared a special cash dividend, payable on April 15, 2024 to holders of record as of April 3, 2024. As a result, pursuant to the anti-dilution provisions of the Issuer's 2018 Equity Incentive Plan, outstanding restricted stock units and performance stock units were adjusted such that each restricted stock unit and performance stock unit awarded to the reporting person was converted into 1.0854 restricted stock units or performance stock units, respectively. The number of securities beneficially owned has been adjusted to reflect the inclusion of such restricted stock units and performance stock units, as adjusted in connection with the special cash dividend.
F3 Represents the number of shares withheld to satisfy the reporting person's tax obligations in connection with the vesting of performance stock units.