Anthony S. Piszel - 04 Aug 2021 Form 4 Insider Report for ProSight Global, Inc.

Source evidence Original filing metadata and source links for verification. 3 source fields
SEC form
4
Accepted by SEC
06 Aug 2021, 19:40:52 UTC
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Patrick Horan (Attorney-in-Fact)

Key filing fact

Anthony S. Piszel filed Form 4 for ProSight Global, Inc. on 06 Aug 2021.

Key facts

  • This page summarizes Anthony S. Piszel's Form 4 filing for ProSight Global, Inc..
  • 5 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 06 Aug 2021, 19:40.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: -$644,787.

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.

PROS transaction

Common Stock

Disposed to Issuer

Transaction value
$644,787
Shares
-50,178
Change %
-40%
Price
$12.85
Shares after
73,945
Date
04 Aug 2021
Ownership
Direct
Footnotes
F1
PROS transaction

Common Stock

Disposed to Issuer

Transaction value
Shares
-32,220
Change %
-44%
Price
Shares after
41,725
Date
04 Aug 2021
Ownership
Direct
Footnotes
F1, F2
PROS transaction

Common Stock

Disposed to Issuer

Transaction value
Shares
-41,725
Change %
-100%
Price
Shares after
0
Date
04 Aug 2021
Ownership
Direct
Footnotes
F1, F3

Reported derivative securities

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

PROS transaction Derivative

Restricted Stock Units

Disposed to Issuer

Transaction value
Shares
-146,235
Change %
-87%
Price
Shares after
21,588
Date
04 Aug 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
146,235
Exercise price
Footnotes
F1, F4
PROS transaction Derivative

Performance-based Restricted Stock Units

Disposed to Issuer

Transaction value
Shares
-21,588
Change %
-100%
Price
Shares after
0
Date
04 Aug 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
21,588
Exercise price
Footnotes
F1, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Anthony S. Piszel is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 5 footnotes

Footnote F1

Disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of January 14, 2021 , by and among ProSight Global, Inc. (the "Issuer"), Pedal Parent, Inc. and Pedal Merger Sub, Inc. providing for the merger of the Issuer and Pedal Merger Sub, Inc. (the "Merger") and, at the effective time of the Merger, each share of the Issuer's common stock was converted into the right to receive $12.85 in cash, without interest and less any required withholding taxes (the "Per Share Merger Consideration"). The Merger was completed on August 4, 2021.

Footnote F2

Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding vested and unvested award of shares subject to time-based vesting conditions was cancelled and converted into the right to receive an amount in cash, less any required withholding taxes, equal to the product of (A) the number of shares subject to such award multiplied by (B) the Per Share Consideration.

Footnote F3

Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding vested and unvested award of shares subject to performance-based vesting conditions was cancelled and converted into the right to receive an amount in cash, less any required withholding taxes, equal to the product of (A) the number of shares subject to such award that became vested based on the higher of target performance and actual performance multiplied by (B) the Per Share Consideration.

Footnote F4

Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding vested and unvested time-vesting restricted stock unit award was cancelled and converted into the right to receive an amount in cash, less any required withholding taxes, equal to the product of (A) the number of shares subject to such award multiplied by (B) the Per Share Consideration.

Footnote F5

Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding vested and unvested performance-based restricted stock unit award was cancelled and converted into the right to receive an amount in cash, less any required withholding taxes, equal to the product of (A) the number of shares subject to such award that became vested based on the higher of target performance and actual performance multiplied by (B) the Per Share Consideration.

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