Wayde D. McMillan - Dec 1, 2024 Form 4 Insider Report for Solventum Corp (SOLV)

Role
Chief Financial Officer
Signature
/s/Breanna L. Wise, attorney-in-fact for Wayde D. McMillan
Stock symbol
SOLV
Transactions as of
Dec 1, 2024
Transactions value $
-$794,619
Form type
4
Date filed
12/3/2024, 05:39 PM
Previous filing
May 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SOLV Common Stock Options Exercise $0 +28K +560200% $0.00 28K Dec 1, 2024 Direct F1, F2
transaction SOLV Common Stock Tax liability -$795K -11.1K -39.66% $71.51 16.9K Dec 1, 2024 Direct

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 SOLV Restricted Stock Units Options Exercise $0 -28K -50% $0.00 28K Dec 1, 2024 Common Stock 28K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects vesting of Solventum RSUs received upon conversion of previously granted 3M RSUs. Each 3M RSU converted into the number of Solventum RSUs equal to the number of 3M Shares subject to such 3M RSU Award immediately prior to the Effective Time of the separation, multiplied by the SpinCo Ratio as set forth in the Employee Matters Agreement entered into in connection with the separation.
F2 Includes 5 shares held by the Reporting Person after conversion of 22 shares of 3M common stock he held prior to the spin-off from 3M that were converted to issuer's shares of stock at a ratio of one share of issuer's stock for every four shares of 3M stock, as described in the issuer's Information Statement filed with the SEC on February 20, 2024.
F3 Each Restricted Stock unit ("RSU") represents a contingent right to receive 1 share of the issuer's Class A Common Stock upon settlement.
F4 The RSUs shall fully vest in two tranches, with one-half vesting on each of the first and second anniversaries of the grant date, subject to continued service through the vesting date.