Donald D. Snyder - 06 Dec 2022 Form 4 Insider Report for Switch, Inc.

Reporting relationship: Director
Issuer ticker: N/A
Reported as of: 06 Dec 2022
Net transaction value: -$33,238,803
SEC form: 4
Accepted by SEC: 08 Dec 2022, 15:26:35 UTC
Prior SEC filing: 14 Sep 2022
Next SEC filing: 09 Feb 2023
Source filing: View source filing
Reporting owner signature: /s/ Gabriel Nacht, as Attorney-in-Fact for Donald D. Snyder

Key filing fact

Donald D. Snyder filed Form 4 for Switch, Inc. on 08 Dec 2022.

Key facts

This page summarizes Donald D. Snyder's Form 4 filing for Switch, Inc..
5 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 08 Dec 2022, 15:26.

Change

Previous filing in this sequence was filed on 14 Sep 2022.
Current net transaction value: -$33,238,803.

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 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SWCH transaction

Class A Common Stock

Disposed to Issuer

Transaction value: $9,283,052
Shares: -271,038
Change %: -100%
Price: $34.25
Shares after: 0
Date: 06 Dec 2022
Ownership: Direct
Footnotes: F1

SWCH transaction

Class B Common Stock

Disposed to Issuer

Transaction value
Shares: -400,000
Change %: -100%
Price
Shares after: 0
Date: 06 Dec 2022
Ownership: BY LLC
Footnotes: F2, F3

SWCH transaction

Class A Common Stock

Disposed to Issuer

Transaction value: $6,850,000
Shares: -200,000
Change %: -100%
Price: $34.25
Shares after: 0
Date: 06 Dec 2022
Ownership: BY LLC
Footnotes: F1, F3

Reported derivative securities

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

SWCH transaction Derivative

Option (Right to Buy)

Disposed to Issuer

Transaction value: $3,405,752
Shares: -99,438
Change %: -100%
Price: $34.25
Shares after: 0
Date: 06 Dec 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 99,438
Exercise price: $17.00
Footnotes: F1

SWCH transaction Derivative

Common Units

Disposed to Issuer

Transaction value: $13,700,000
Shares: -400,000
Change %: -100%
Price: $34.25
Shares after: 0
Date: 06 Dec 2022
Ownership: BY LLC
Underlying class: Class A Common Stock
Underlying amount: 400,000
Exercise price
Footnotes: F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Donald D. Snyder is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 3 footnotes

Footnote F1

Represents the cancellation of securities, including equity awards, in exchange for the per share cash Merger consideration of $34.25, on the Merger closing date, in accordance with the terms of that certain Agreement and Plan of Merger (the "Merger Agreement"), dated May 11, 2022, by and among Switch, Inc. (the "Company"), Switch, Ltd., a Nevada limited liability company, Sunshine Merger Sub, Ltd., a Nevada limited liability company and a direct and wholly owned subsidiary of the Company, Sunshine Bidco Inc., a Delaware corporation ("Parent"), and Sunshine Parent Merger Sub Inc., a Nevada corporation and a wholly owned subsidiary of Parent.

Footnote F2

Represents the cancellation of the Common Units in exchange for the per share cash Merger consideration of $34.25, and the associated cancellation for no consideration of the shares of Class B common stock, on the Merger closing date in accordance with the terms of the Merger Agreement. The Common Units have no expiration date.

Footnote F3

Held by an affiliated company of Mr. Snyder.