Eric Ryan Shander - 01 Apr 2024 Form 4/A Insider Report for POWERSCHOOL HOLDINGS, INC.

Source evidence Original filing metadata and source links for verification. 6 source fields
SEC form
4/A
Accepted by SEC
08 May 2024, 13:48:45 UTC
Original report date
01 May 2024
Prior SEC filing
29 Mar 2024
Next SEC filing
05 Apr 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Eric Shander

Key filing fact

Eric Ryan Shander filed Form 4/A for POWERSCHOOL HOLDINGS, INC. on 08 May 2024.

Key facts

  • This page summarizes Eric Ryan Shander's Form 4/A filing for POWERSCHOOL HOLDINGS, INC..
  • 1 reported transaction and 1 derivative row are listed below.
  • Accepted by SEC: 08 May 2024, 13:48.

Change

  • Previous filing in this sequence was filed on 29 Mar 2024.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4/A disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PWSC transaction Derivative

Market Share Units

Award

Transaction value
$0
Shares
+55,263
Change %
+62%
Price
$0.000000
Shares after
145,099
Date
01 Apr 2024
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
55,263
Exercise price
Footnotes
F1, F2, F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Each market share unit ("MSU") converts into a number of shares of Class A common stock. The number of MSUs reported on this Form 4 represents the target. The actual number of shares to be granted is determined by applying a payout factor to the target number of MSUs vesting on a given date. The payout factor is a ratio of the average fair market value of the Class A common stock during the ten trading days immediately preceding the applicable vesting date, divided by the fair market value of the Class A common stock on the grant date. The minimum payout factor that must be achieved to earn a payout is 65% and the maximum payout factor is 200%.

Footnote F2

The original Form 4 filed on May 1, 2024 is being amended by this Form 4/A to correct an error in Column 5, which incorrectly stated the number of MSUs granted as 55,262. The correct number of MSU granted is 55,263.

Footnote F3

50% of the MSUs will vest on April 1, 2026 and 50% of the MSUs will vest on April 1, 2027, subject to continued employment.

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