VEP Group, LLC - 12 Nov 2021 Form 4 Insider Report for Ping Identity Holding Corp.

Reporting relationship: 10%+ Owner
Issuer ticker: N/A
Reported as of: 12 Nov 2021
Net transaction value: -$320,275,000
SEC form: 4
Accepted by SEC: 16 Nov 2021, 15:16:22 UTC
Prior SEC filing: 08 Sep 2021
Next SEC filing: 20 Dec 2021
Source filing: View source filing
Reporting owner signature: /s/ Lauren Romer, as attorney in fact for Vista Equity Partners Fund VI, L.P.

Key filing fact

VEP Group, LLC filed Form 4 for Ping Identity Holding Corp. on 16 Nov 2021.

Key facts

This page summarizes VEP Group, LLC's Form 4 filing for Ping Identity Holding Corp..
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 16 Nov 2021, 15:16.

Change

Previous filing in this sequence was filed on 08 Sep 2021.
Current net transaction value: -$320,275,000.

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.

PING transaction

Common stock, $0.001 par value

Sale

Transaction value: $320,275,000
Shares: -11,500,000
Change %: -58%
Price: $27.85
Shares after: 8,335,350
Date: 12 Nov 2021
Ownership: See footnotes
Footnotes: F1, 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

VEP Group, LLC 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

The aggregate 11,500,000 shares of Common Stock sold by the Reporting Persons include (a) 7,115,140 shares of Common Stock sold by Vista Equity Partners Fund VI, L.P., (b) 4,298,278 shares of Common Stock sold by Vista Equity Partners Fund VI-A, L.P. and (c) 86,582 shares of Common Stock sold by VEPF VI FAF, L.P..

Footnote F2

Includes (a) 5,157,145 shares held directly by VEPF VI, (b) 3,115,448 shares held directly by Vista Equity Partners Fund VI A, L.P. ("VEPF VI-A") and (c) 62,757 shares held directly by VEPF VI FAF, L.P. (together with VEPF VI and VEPF VI-A, the "Vista Funds"). Fund VI GP is the sole general partner of each of the Vista Funds. Fund VI GP's sole general partner is VEPF VI GP, Ltd. ("Fund VI UGP"). Robert F. Smith is the Sole Director of Fund VI UGP, as well as one of its 11 Members. VEPF Management, L.P. (the "Management Company"), is the sole management company of each of the Vista Funds.

Footnote F3

The Management Company's sole general partner is VEP Group, LLC ("VEP Group"). Robert F. Smith is the sole Managing Member of VEP Group. Consequently, Mr. Smith, Fund VI GP, Fund VI UGP, the Management Company and VEP Group may be deemed the beneficial owners of the shares held by the Vista Funds. Each of the Vista Funds, Fund VI GP, Fund VI UGP, the Management Company, VEP Group and Mr. Smith expressly disclaim beneficial ownership of any shares not held directly, except to the extent of its or his pecuniary interest.