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

Signature
/s/ David Schellhase, as Attorney-in-Fact
Stock symbol
WORK
Transactions as of
Jul 1, 2021
Transactions value $
-$4,086,615
Form type
4
Date filed
7/6/2021, 05:03 PM
Previous filing
Jun 10, 2021
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 +89.2K +103.38% $0.00 176K Jul 1, 2021 Direct F1
transaction WORK Class A Common Stock Sale -$2.11M -47.6K -27.1% $44.29 128K Jul 1, 2021 Direct F2
transaction WORK Class A Common Stock Sale -$66.4K -1.5K -1.17% $44.29 126K Jul 1, 2021 Direct F2
transaction WORK Class A Common Stock Sale -$1.91M -43K -33.97% $44.51 83.5K Jul 2, 2021 Direct F3, F4

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 -89.2K -14.29% $0.00 535K Jul 1, 2021 Class B Common Stock 89.2K Direct F1, F5, F6
transaction WORK Class B Common Stock Options Exercise $0 +89.2K $0.00 89.2K Jul 1, 2021 Class A Common Stock 89.2K Direct F1
transaction WORK Class B Common Stock Conversion of derivative security $0 -89.2K -100% $0.00* 0 Jul 1, 2021 Class A Common Stock 89.2K 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 This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
F4 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.33 to $44.64. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 Each RSU represents the right to receive one share of Class B Common Stock.
F6 The RSUs are subject to time-based and performance-based vesting criteria. The time-based vesting occurs in 12 quarterly installments commencing on April 1, 2020 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.