Brandon Zell - Jul 1, 2021 Form 4 Insider Report for Slack Technologies, Inc. (WORK)

Role
Chief Accounting Officer
Signature
/s/ David Schellhase, as Attorney-in-Fact
Stock symbol
WORK
Transactions as of
Jul 1, 2021
Transactions value $
-$147,840
Form type
4
Date filed
7/6/2021, 05:02 PM
Next filing
Jul 21, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WORK Class A Common Stock Conversion of derivative security $0 +2.81K +1.48% $0.00 192K Jul 1, 2021 Direct F1
transaction WORK Class A Common Stock Sale -$66.4K -1.5K -0.78% $44.29 191K Jul 1, 2021 Direct F2
transaction WORK Class A Common Stock Sale -$81.4K -1.84K -0.96% $44.29 189K Jul 1, 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 WORK Restricted Stock Units Options Exercise $0 -1.56K -24.99% $0.00 4.69K Jul 1, 2021 Class B Common Stock 1.56K Direct F1, F3, F4
transaction WORK Class B Common Stock Options Exercise $0 +1.56K $0.00 1.56K Jul 1, 2021 Class A Common Stock 1.56K Direct F1
transaction WORK Restricted Stock Units Options Exercise $0 -1.25K -12.5% $0.00 8.75K Jul 1, 2021 Class B Common Stock 1.25K Direct F1, F3, F5
transaction WORK Class B Common Stock Options Exercise $0 +1.25K +80.03% $0.00 2.81K Jul 1, 2021 Class A Common Stock 1.25K Direct F1
transaction WORK Class B Common Stock Conversion of derivative security $0 -2.81K -100% $0.00* 0 Jul 1, 2021 Class A Common Stock 2.81K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Class B Common Stock is convertible without payment or consideration into one share of Class A Common Stock at the option of the holder and has no expiration date.
F2 Shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of Restricted Stock Units (RSUs).
F3 Each RSU represents the right to receive one share of Class B Common Stock.
F4 The RSUs are subject to time-based and performance-based vesting criteria. The time-based vesting occurs in 16 quarterly installments commencing on July 1, 2018, subject to the Reporting Person's continued service with the Issuer on each such date. The performance-based criteria was satisfied upon the Issuer's listing and public trading of its Class A Common Stock on June 20, 2019.
F5 The RSUs are subject to time-based and performance-based vesting criteria. The time-based vesting occurs in 16 quarterly installments commencing on July 1, 2019, subject to the Reporting Person's continued service with the Issuer on each such date. The performance-based criteria was satisfied upon the Issuer's listing and public trading of its Class A Common Stock on June 20, 2019.