Solventum Corp - 01 Dec 2024 Form 4/A - Amendment Insider Report for Solventum Corp (SOLV)

Role
Chief Legal Affairs Officer
Signature
/s/Marcela Kirberger, Chief Legal Affairs Officer
Issuer symbol
SOLV
Transactions as of
01 Dec 2024
Net transactions value
-$88,887
Form type
4/A - Amendment
Filing time
10 Dec 2024, 17:26:17 UTC
Date Of Original Report
03 Dec 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SOLV Common Stock Options Exercise $0 +3,812 $0.000000 3,812 01 Dec 2024 Direct F1
transaction SOLV Common Stock Tax liability $88,887 -1,243 -33% $71.51 2,569 01 Dec 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 -3,812 -50% $0.000000 3,812 01 Dec 2024 Common Stock 3,812 Direct F2, F3
* 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 Each Restricted Stock unit ("RSU") represents a contingent right to receive 1 share of the issuer's Class A Common Stock upon settlement.
F3 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.

Remarks:

A Form 4 was filed in error on December 3, 2024, which included "Solventum Corp" as the Reporting Person, and this filing should be disregarded. This transaction was effected by Ms. Kirberger and a corresponding Form 4 was filed on December 3, 2024.