Sarah Friar - Jul 21, 2021 Form 4 Insider Report for Slack Technologies, Inc. (WORK)

Role: Director
Signature: /s/ David Schellhase, as Attorney-in-Fact
Stock symbol: WORK
Transactions as of: Jul 21, 2021
Transactions value $: $0
Form type: 4
Date filed: 7/21/2021, 04:39 PM
Previous filing: Jul 2, 2021
Next filing: Aug 2, 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		+260K			260K	Jul 21, 2021	By David Riley and Sarah Friar Revocable Trust dated August 11, 2006	F1
transaction	WORK	Class A Common Stock	Conversion of derivative security		+146K			146K	Jul 21, 2021	By Sarah Friar 2019 Grantor Retained Annuity Trust dated February 1, 2019	F1
transaction	WORK	Class A Common Stock	Disposition pursuant to a tender of shares in a change of control transaction		-260K	-100%		0	Jul 21, 2021	By David Riley and Sarah Friar Revocable Trust dated August 11, 2006	F2
transaction	WORK	Class A Common Stock	Disposition pursuant to a tender of shares in a change of control transaction		-146K	-100%		0	Jul 21, 2021	By Sarah Friar 2019 Grantor Retained Annuity Trust dated February 1, 2019	F2
transaction	WORK	Class A Common Stock	Disposition pursuant to a tender of shares in a change of control transaction		-5.85K	-100%		0	Jul 21, 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	Class B Common Stock	Conversion of derivative security	$0	-260K	-100%	$0.00^*	0	Jul 21, 2021	Class A Common Stock	260K		By David Riley and Sarah Friar Revocable Trust dated August 11, 2006	F1, F3
transaction	WORK	Class B Common Stock	Conversion of derivative security	$0	-146K	-100%	$0.00^*	0	Jul 21, 2021	Class A Common Stock	146K		By Sarah Friar 2019 Grantor Retained Annuity Trust dated February 1, 2019	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Sarah Friar is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Upon consummation of the exchange offer (as described below), each share of tendered Class B common stock, par value $0.0001 per share, converted on a one-to-one basis into Class A common stock, par value $0.0001 per share.
F2	Pursuant to the Agreement and Plan of Merger, dated as of December 1, 2020 (the "Merger Agreement"), by and among salesforce.com, inc. ("Salesforce"), Skyline Strategies I Inc., Skyline Strategies II LLC, and the Issuer, each share of the Issuer's common stock was tendered in exchange for (i) 0.0776 shares of Salesforce common stock and (ii) $26.79 in cash, together with cash in lieu of any fractional shares of Salesforce common stock.
F3	Reflects 13,344 shares of Class A common stock distributed by the Sarah Friar 2019 Grantor Retained Annuity Trust dated February 1, 2019 to the David Riley and Sarah Friar Revocable Trust dated August 11, 2006 on May 10, 2021, for no consideration, resulting in a change of form of beneficial ownership in accordance with the exemption afforded by Rule 16a-13 of the Securities Exchange Act of 1934, as amended.