Key facts
- This page summarizes Timothy Weller's Form 4 filing for DATTO HOLDING CORP..
- 3 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 27 Jun 2022, 21:35.
Timothy Weller - 23 Jun 2022 Form 4 Insider Report for DATTO HOLDING CORP.
- Reporting relationship
- Chief Executive Officer, Director
- Issuer ticker
- N/A
- Reported as of
- 23 Jun 2022
- Net transaction value
- -$41,964,154
- SEC form
- 4
- Accepted by SEC
- 27 Jun 2022, 21:35:47 UTC
- Prior SEC filing
- 11 Apr 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Adam Collicelli, by Power of Attorney
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Timothy Weller filed Form 4 for DATTO HOLDING CORP. on 27 Jun 2022.
Change
- Previous filing in this sequence was filed on 11 Apr 2022.
- Current net transaction value: -$41,964,154.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
MSP
transaction
Common Stock
Disposed to Issuer
- Transaction value
- $7,100,000
- Shares
- -200,000
- Change %
- -100%
- Price
- $35.50
- Shares after
- 0
- Date
- 23 Jun 2022
- Ownership
- Direct
- Footnotes
- F1, F5, F6
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
MSP
transaction
Derivative
Stock Options
Disposed to Issuer
- Transaction value
- $22,325,250
- Shares
- -875,500
- Change %
- -100%
- Price
- $25.50
- Shares after
- 0
- Date
- 23 Jun 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 875,500
- Exercise price
- $10.00
- Footnotes
- F1, F2, F3
MSP
transaction
Derivative
Stock Options
Disposed to Issuer
- Transaction value
- $12,538,904
- Shares
- -500,955
- Change %
- -100%
- Price
- $25.03
- Shares after
- 0
- Date
- 23 Jun 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 500,955
- Exercise price
- $10.47
- Footnotes
- F1, F2, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Timothy Weller is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 6 footnotes
Footnote F1
Pursuant to the Agreement and Plan of Merger, dated April 11, 2022, by and among Knockout Parent Inc., Knockout Merger Sub Inc., the Issuer, and, for certain limited purposes set forth in the Merger Agreement, Kaseya Holdings Inc. and Kaseya Inc. (the "Merger Agreement"), each share of Issuer common stock ("Common Stock") was canceled and converted into the right to receive $35.50 per share in cash without interest, subject to required withholding taxes.
Footnote F2
Pursuant to the Merger Agreement, each option to purchase Issuer common stock (an "Option") that was unexpired, unexercised, outstanding and vested as of immediately prior to June 23, 2022 (the "Effective Time") or that vested in accordance with its terms as a result of the consummation of the Merger and the other transactions contemplated by the Merger Agreement (the "Transactions") (a "Vested Option"), was, at the Effective Time, canceled and converted into the right to receive an amount in cash equal to the product of (i) the number of shares of Common Stock subject to such Vested Option as of immediately prior to the Effective Time and (ii) the excess, if any, of $35.50 over the per share exercise price of such Vested Option.
Footnote F3
At the Effective Time, these 875,500 Options were canceled in exchange for a cash payment representing the difference between $35.50 and the exercise price of the option per share.
Footnote F4
At the Effective Time, these 500,955 Options were canceled in exchange for a cash payment representing the difference between $35.50 and the exercise price of the option per share.
Footnote F5
Pursuant to the Merger Agreement, as of the Effective Time, each restricted stock unit of the Issuer (an "RSU") that is unexpired, unexercised, outstanding and vested as of immediately prior to the Effective Time or that vested in accordance with its terms as a result of the consummation of the Transactions (a "Vested RSU") was canceled and converted into the right to receive an amount in cash equal to the product of (i) $35.50 and (ii) the total number of shares of Common Stock subject to such Vested RSUs as of immediately prior to the Effective Time.
Footnote F6
At the Effective Time, these 200,000 RSUs were canceled in exchange for a cash payment representing $35.50 for each outstanding RSU.