John Abbot - 23 Jun 2022 Form 4 Insider Report for DATTO HOLDING CORP.

Reporting relationship: Chief Financial Officer
Issuer ticker: N/A
Reported as of: 23 Jun 2022
Net transaction value: -$12,253,786
SEC form: 4
Accepted by SEC: 27 Jun 2022, 21:25:56 UTC
Prior SEC filing: 03 Jun 2022
Source filing: View source filing
Reporting owner signature: /s/ Adam Collicelli, by Power of Attorney

Key filing fact

John Abbot filed Form 4 for DATTO HOLDING CORP. on 27 Jun 2022.

Key facts

This page summarizes John Abbot's Form 4 filing for DATTO HOLDING CORP..
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 27 Jun 2022, 21:25.

Change

Previous filing in this sequence was filed on 03 Jun 2022.
Current net transaction value: -$12,253,786.

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.

MSP transaction

Common Stock

Options Exercise

Transaction value: $10,148
Shares: +495
Change %: +52%
Price: $20.50
Shares after: 1,446
Date: 15 Jun 2022
Ownership: Direct
Footnotes: F1

MSP transaction

Common Stock

Disposed to Issuer

Transaction value: $51,333
Shares: -1,446
Change %: -100%
Price: $35.50
Shares after: 0
Date: 23 Jun 2022
Ownership: Direct
Footnotes: F2

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: $12,212,600
Shares: -538,000
Change %: -100%
Price: $22.70
Shares after: 0
Date: 23 Jun 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 538,000
Exercise price: $12.80
Footnotes: F2, F3, F4

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

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

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

Explanation of responses 4 footnotes

Footnote F1

Represents 495 shares acquired under the Issuer's 2021 Employee Stock Purchase Plan.

Footnote F2

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 F3

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 (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 F4

At the Effective Time, these 538,000 Options were canceled in exchange for a cash payment representing the difference between $35.50 and the exercise price of the option per share.